The Traderszone Network

Published in TZ Latest News 21 May, 2016 by The TZ Newswire Staff

Déjà Vu: P2P Lenders Didn’t Learn Anything from The Subprime Mortgage Crisis

Lending Club (NYSE: LC) and OnDeck Capital (NYSE: ONDK), the two leading online marketplace lenders, are trying their best to disrupt the established banking industry. If successful, their investors would stand to make an incredible multiple over their share prices today. The problem, at least in their brief existence, is that the current crop of so-called peer-to-peer lenders have focused too much on growth and not enough on risk.

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