Comments on: Is Lending Club Bankrupt?

By: Why I Chose Not To Invest In Peer-To-Peer Lending

Why I Chose Not To Invest In Peer-To-Peer Lending — Mon, 07 Jul 2008 10:17:52 +0000

[...] article was originally posted on Blueprint for Prosperity. Things have changed in the p2p world since this was written but I’ve left the post as [...]

By: Personal Finance News and Views | Oh My Aching Debts

Personal Finance News and Views | Oh My Aching Debts — Sun, 20 Apr 2008 13:00:32 +0000

[...] Is Lending Club Bankrupt? at Quest for Four Pillars [...]

By: Weekly Roundup - M-Network Website Edition

Weekly Roundup - M-Network Website Edition — Thu, 17 Apr 2008 20:38:20 +0000

[...] Quest for Four Pillars asks is Lending Club bankrupt? [...]

By: Why Lending Club Has Stopped Taking New Lenders | Moolanomy

Why Lending Club Has Stopped Taking New Lenders | Moolanomy — Thu, 17 Apr 2008 13:02:30 +0000

[...] Is Lending Club Bankrupt? at Quest For Four Pillars [...]

By: Lending Club's Future

Lending Club's Future — Wed, 16 Apr 2008 13:45:16 +0000

[...] bloggers have asked the question, is Lending Club broke or is Lending Club Dead? Based on the information I have, the answer is [...]

By: Credit Card Arbitrage, Investing, Lending Club and More!

Credit Card Arbitrage, Investing, Lending Club and More! — Wed, 16 Apr 2008 13:35:05 +0000

[...] For once I am rewarded by procrastination. I never got around to funding any loans at Lending Club. It’s just as well since Lending Club is Dead. The email that they sent wasn’t very forthcoming about what is going on… Is Lending Club Bankrupt? [...]

By: Four Pillars

Four Pillars — Wed, 16 Apr 2008 03:58:23 +0000

Gates, we’re not talking about a small time operation here. According to TMW (link below), Prosper did the proper filings and LC didn’t. Somebody screwed up.

As for your dad, at least he did the paperwork BEFORE he started the fund…

http://tinyurl.com/622or3

By: Gates VP

Gates VP — Wed, 16 Apr 2008 03:31:02 +0000

but it doesn’t say much for the company if they didn’t get this license before they started.

Normally, I would agree with you, but when it comes to SEC regulations, this stuff is kind of dicey to start with. My father tried to start a hedge fund in Manitoba and it took months and thousands in legal fees.

A peer-to-peer lending club is probably not a concept for which the SEC even has adequate regulations, so I’d expect this to be par for the course.

By: 148th Edition of the Carnival of Personal Finance!

148th Edition of the Carnival of Personal Finance! — Mon, 14 Apr 2008 17:11:28 +0000

[...] For Four Pillars presents Is Lending Club Bankrupt? – Four Pillars asks: Is LendingClub Bankrupt? Four Pillars speculates they are. I didn’t [...]

By: Weekend Reading: April 13, 2008 | Moolanomy

Weekend Reading: April 13, 2008 | Moolanomy — Sun, 13 Apr 2008 13:01:35 +0000

[...] Earlier this week LendingClub announces that it no longer accept new lenders and terminates the referral program (via The Dough Roller). This drew various responses among the PF bloggers: Chief Family Office is happy she procrastinated and didn’t start lending, Lazy Man thinks LendingClub is dead, and Four Pillars asked Is LendingClub Bankrupt? [...]