[vosper]

I think a lot of their volume is peer-to-peer, though, and there's nothing saying this $22m was from an institution and not a rich individual (though an institution seems more likely). I imagine this is more of a case of "I have a lot more money than your normal customer so I want special treatment" and Lendingclub then abusing that to take advantage of the investor. I wonder if the investor had taken their $22m to the automated web platform and setup their investment criteria if this would never have occurred.

[morgante]

I think you're dramatically underestimating the degree to which institutional investors are involved in peer-to-peer. There are entire software startups selling analysis software to hedge funds for peer-to-peer lending.

It almost certainly was not a single wealthy individual.

[CPLX]

> I think a lot of their volume is peer-to-peer, though, and there's nothing saying this $22m was from an institution and not a rich individual

From the original article:

"The investor that initially bought the LendingClub loans in question was Jefferies LLC, according to people familiar with the matter."