TARP II: The Wrath of TALF

In normal times the Federal Reserve responds to crises by using teeny, gold-plated hydraulic levers to raise and lower interest rates ... which it will lend up to $200 billion to support the issuance of debt backed by consumer and small-business debt -- such as credit-card loans, student debt, auto loans and loans backed by the Small [more...]

Date: 2008-11-26 15:35:02

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P2P Lending Gets Tougher As Another Door Opens

With Prosper and Loanio working on regulatory paperwork, LendingClub was the only peer-to-peer lender in town last quarter ... % for the highest-rated borrowers to 20.11% for the lowest. Borrowers are using the loans for debt consolidation, education, small business and other expenses under $25,000. The increase in traffic [more...]

Date: 2009-01-08 15:36:17

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