How to Lend Money on Prosper - Investor Trip
Great explanation article of the lending service www.prosper.com if you think about this, it is a microcosm of what big banks are doing with credit derivatives. You lend (or borrow) money from other users, etc. The savvy will make money and the foolish will loose money here but it is an opportunity to cut the bank out, solicit money for start ups, etc.
Reminiscent of the 90's adds with a guy on a street corner with a sign "money to lend." That is there is a lot of money out there but it seams that a lot of rich folks don't have the connectivity or the inclination to get it invested in some type of wholesale investment.
