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Based on the quote in the article, I'm not sure why Cringely would leap to the conclusion that Google is planning on entering the loan business. It would make
by ryanf 16y ago
Based on the quote in the article, I'm not sure why Cringely would leap to the conclusion that Google is planning on entering the loan business. It would make much more sense for them to set up some kind of competitive marketplace to connect lenders and borrowers, which would meet their stated objectives of "[righting] inefficiencies, [providing] better transparency, and [allying] with consumer protection agencies."
- einarvollset 16y agoAh, sense! This is similar to Google's move into credit card and mortgage comparison shopping (read: lead generation). Arguably Google is a beacon of transparency in the latter industry, and I say that as someone who a) has spent time researching the business and b) don't hold with the majority geek/HN view of Google as being the Universe's Love Child.