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Old 02-13-2006, 02:34 PM
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Startup Internet Money Lender

This sounds interesting:

http://www.nytimes.com/2006/02/13/te...rssnyt&emc=rss

In essence, a new site called prosper lets people earn more money on their savings and save money on interest costs by cutting out the middle man - the banks.

Amy
 
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Old 02-13-2006, 03:21 PM
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Re Startup Internet Money Lender

I didn't read the link, but banks are FDC insured.
 
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Old 02-13-2006, 03:30 PM
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Re Startup Internet Money Lender

Yep. I certainly wouldn't put huge amounts of money into this site. But, it might be an interesting experiment for $100 or so.
 
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Old 02-13-2006, 03:37 PM
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Re Startup Internet Money Lender

I'm too cheap and untrusting.
 
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Old 02-13-2006, 05:36 PM
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Re Startup Internet Money Lender

It sounds interesting, but I hate their model. I have a feeling they're going to find adoption rates VERY low.
 
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