3 ms·
A bank is a bank, even if it's not called a bank. This kind of wild west capitalism will eventually halt or at least stifle Chinese progress and growth, just b
by bayesian_horse 8y ago
A bank is a bank, even if it's not called a bank.
This kind of wild west capitalism will eventually halt or at least stifle Chinese progress and growth, just because the risks of investments is too large.
- berbec 8y agoI don't think the risks aee two large it's that the people putting the money aren't properly informed/educated. If you want to lend to people who have a 50% default rate, feel free! Just make sure there is an actuary who can help you manage your risk. I doubt these p2p companies were helping people weigh risk.