partytran

4 ms·

1. 1.▲
   by partytran 10y ago

   The quarterly report states that the investigation found this was an isolated event that affected only $3M of the $22M in the sale. "The board also hired an outside expert firm to review all other loans facilitated in th
2. 2.▲
   by partytran 10y ago

   > a booming economy This seems to be a bit of hyperbole; I disagree that the economic consensus is that the period of LC's existence has been an economic boom. U.S. stock and housing prices indeed recovered from 2008 lows - real eco
3. 3.▲
   by partytran 10y ago

   > The hedge funds have backed out What's your source for this claim?
4. 4.▲
   by partytran 10y ago

   Derivatives generally introduce leverage on a tracked asset. Leverage isn't a feature of securitized loans.
5. 5.▲
   by partytran 10y ago

   > So there's a big concern that LC may not be very scrupulous about the borrowers it accepts. I haven't read this anywhere else other than your comment. Do you have any other evidence for this claim?