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The top post [0] leads with a factually incorrect assertion: >Peer-to-peer lending platforms (P2P platforms) emerged after the financial crisis by catering for
by jsprogrammer 10y ago
The top post [0] leads with a factually incorrect assertion:
>Peer-to-peer lending platforms (P2P platforms) emerged after the financial crisis by catering for pent-up demand for unsecured borrowing from individuals and small businesses.
Prosper was started in 2005 and the article's primary example, Zopa, started in 2004.
[0] https://bankunderground.co.uk/2016/05/03/the-growth-of-peer-to-peer-lending-platforms-and-prospects-for-banks-disintermediation-hype-or-real-threat/#more-1705 https://bankunderground.co.uk/2016/05/03/the-growth-of-peer-...
- jonwachob91 10y agoMaybe they are referring to the Tech bubble of the early 2000's? Kinda of a stretch but still possible...
- jsprogrammer 10y agoVague terminology is vague. The article was written in the last month (presumably); referring to 2000 as "the financial crisis" would be supremely dishonest given what we have experienced since then. I get that banks provoke regular crises, so there are many that could be referred to, but I can't imagine this article was referring to the 2000 tech bubble.