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by iamchmod
4308 days ago
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I agree - the notion that LendingClub is P2P is mostly PR hype. Sure an individual can put some capital to work. But most of their capital as pointed out above comes from institutions (mostly hedge funds). I had heard that 95% of their capital was institutional but I can't find a quote on that. P2P gets fantastic press tho and which in turn drives down new borrower acquisition cost. |
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