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Author Topic: Charlotte Observer P2P Front Page article 4/12/08  (Read 12103 times)

Oak_Hill_Fire

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Charlotte Observer P2P Front Page article 4/12/08
« on: April 12, 2008, 08:46:07 am »

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It would be easier to teach a chicken to tap dance than it would be to teach PROSPER common sense.

j9359

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Re: Charlotte Observer P2P Front Page article 4/12/08
« Reply #1 on: April 12, 2008, 08:59:21 am »

Probably the best written and balanced piece on Prosper I've read.
john.
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DakotahFury

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Re: Charlotte Observer P2P Front Page article 4/12/08
« Reply #2 on: April 12, 2008, 09:18:14 am »

Quote
Dolores Booth, the Huntersville lender, is pleased with the 15 percent return that her Prosper loans are generating. "You can't get that from a bank," she observed.

She has put about $5,000 into 22 loans, funding portions of requests for homeowners with "A" credit ratings. One of her borrowers is a month late on a payment, but Booth thinks she'll catch up soon. "She's not going to ruin her credit," Booth said.

Besides, Prosper is just a small part of her nest egg, which includes a money market account and IRA. Booth likes tech stocks but avoids CDs because of their low return.

Prosper carries its own risks, she acknowledges. "It's a lot like gambling," Booth said last week as she considered making a 23rd loan. Her cat, Lacey, stretched on the floor, and CNBC played on TVs in the living room and kitchen. "You don't know if they're going to pay you back, but you take that chance."

Booth, a retiree and widow, likes the idea that her loans are giving others a leg-up. Most borrowers turn there, she believes, to secure lower interest rates than the banks would charge. According to the borrowers' profiles, her loans have helped people pay college tuition, remodel homes, buy inventory for small businesses and pay off credit cards. She was especially moved by one profile of a man who says he's a single dad with 10 adopted sons, in need of $15,000 to buy a business. At the end of October, she put $400 into his loan.

http://www.lendingstats.com/lenders/Vivalucero
According to LS...she's not doing much better than those CDs she doesn't like, and that's not registering her $400 bid which just went late as noted in this thread: http://www.prospers.org/forum/anyone_up_for_a_feel_good_loan-t3592.0.html If that one doesn't come current, her returns will completely disappear.

Overall, though...it was one of the better articles I've seen.
« Last Edit: April 12, 2008, 09:27:51 am by DakotahFury »
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Besides, given the wreckage that Trump has made of the GOP, plus demographic trends, if the Democrats can put into place strong protections of the right to vote to prevent (and roll back) GOP voter disenfranchisement schemes, there is a high probability the GOP won't control the House, Senate and White House again for decades (if ever).  Hell, the GOP has only won the popular vote for President ONCE in the last SEVEN elections, so clearly the voters aren't buying what they're selling.

bamalucky

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Re: Charlotte Observer P2P Front Page article 4/12/08
« Reply #3 on: April 12, 2008, 11:24:37 am »

10 adopted sons loan has now flipped current.
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ira01

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Re: Charlotte Observer P2P Front Page article 4/12/08
« Reply #4 on: April 12, 2008, 12:26:31 pm »

Probably the best written and balanced piece on Prosper I've read.
john.

+1.  Although I would have preferred it to mention some of Prosper's many other significant problems.  But, at least we finally get an article that isn't a regurgitation of Prosper's press releases.  Several of us spent a considerable amount of time emailing information and speaking with Christina for the story, so it is nice to see that it wasn't for naught.
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mjerryfirst

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Re: Charlotte Observer P2P Front Page article 4/12/08
« Reply #5 on: April 12, 2008, 01:11:50 pm »

http://www.lendingstats.com/lenders/Vivalucero
According to LS...she's not doing much better than those CDs she doesn't like, and that's not registering her $400 bid which just went late as noted in this thread: http://www.prospers.org/forum/anyone_up_for_a_feel_good_loan-t3592.0.html If that one doesn't come current, her returns will completely disappear.

Overall, though...it was one of the better articles I've seen.

But her portfolio is way ahead of DakotaFury's:
http://www.ericscc.com/lenders/dakotahfury
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Those who prudently pick borrowers don't need to complain and post about lates, collections and defaults.

DakotahFury

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Re: Charlotte Observer P2P Front Page article 4/12/08
« Reply #6 on: April 12, 2008, 02:02:37 pm »

http://www.lendingstats.com/lenders/Vivalucero
According to LS...she's not doing much better than those CDs she doesn't like, and that's not registering her $400 bid which just went late as noted in this thread: http://www.prospers.org/forum/anyone_up_for_a_feel_good_loan-t3592.0.html If that one doesn't come current, her returns will completely disappear.

Overall, though...it was one of the better articles I've seen.

But her portfolio is way ahead of DakotaFury's:
http://www.ericscc.com/lenders/dakotahfury
Yep...and she's in the newspaper while obviously not knowing what she's talking about. Much Like Michael Jerry Fuerst does on a regular basis. Michael Jerry Fuerst is also known as mjerryfuerst on various webpages.
http://www.news-gazette.com/news/opinions/letters/2007/05/07/writing_angry_letters_is_no_way_to

Quote
During a recent coffee break at a local restaurant, one member of the group asked why Michael Fuerst sends frequent letters attacking the city of Urbana and its residents.

A 2003 News-Gazette article reported that in 1988 Fuerst, who owns a number of rental properties, was found in violation of building code ordinances and fined $16,500 by a judge. From that day forward, it appears to me that Fuerst has been seeking revenge by various means, including writing letters to the editor in which he resorts to the juvenile tactics of distortion and name calling.

http://www.news-gazette.com/news/opinions/letters/2008/06/05/enough_of_the_urbana_bozo_letters
Quote
Shame on The News-Gazette for continuing to publish hate mail from disgruntled landlord Michael Fuerst. In 1987 Fuerst was caught violating Urbana's building code ordinances and was fined $16,500 by a judge. From that day forward Fuerst has evidently been seeking revenge by attacking the citizens of Urbana with ads and malicious letters to the editor. He resorts to juvenile tactics of name-calling and distortions.

To many of us who read the paper, his letter serve to evoke a feeling of pity that one person could be so consumed by a desire for revenge that he would continue these cowardly attacks for 20 years. One would hope that by this time Fuerst would have found the courage to face up to whatever his real or imagined problems might be.
« Last Edit: June 23, 2008, 03:04:50 pm by DakotahFury »
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Besides, given the wreckage that Trump has made of the GOP, plus demographic trends, if the Democrats can put into place strong protections of the right to vote to prevent (and roll back) GOP voter disenfranchisement schemes, there is a high probability the GOP won't control the House, Senate and White House again for decades (if ever).  Hell, the GOP has only won the popular vote for President ONCE in the last SEVEN elections, so clearly the voters aren't buying what they're selling.

ira01

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Re: Charlotte Observer P2P Front Page article 4/12/08
« Reply #7 on: April 12, 2008, 04:06:15 pm »

http://www.lendingstats.com/lenders/Vivalucero
According to LS...she's not doing much better than those CDs she doesn't like, and that's not registering her $400 bid which just went late as noted in this thread: http://www.prospers.org/forum/anyone_up_for_a_feel_good_loan-t3592.0.html If that one doesn't come current, her returns will completely disappear.

Overall, though...it was one of the better articles I've seen.

But her portfolio is way ahead of DakotaFury's:
http://www.ericscc.com/lenders/dakotahfury

As someone else recently told you in a different thread, will you please just STFU with your lame DF references in every freaking thread already.   >:(  I'm sure you think that you are being funny and/or clever, but no one else here does.  That is why more people have you on ignore here than xode, which is really quite an accomplishment.
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Loan_shark_74

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Re: Charlotte Observer P2P Front Page article 4/12/08
« Reply #8 on: April 12, 2008, 05:48:22 pm »

http://www.lendingstats.com/lenders/Vivalucero
According to LS...she's not doing much better than those CDs she doesn't like, and that's not registering her $400 bid which just went late as noted in this thread: http://www.prospers.org/forum/anyone_up_for_a_feel_good_loan-t3592.0.html If that one doesn't come current, her returns will completely disappear.

Overall, though...it was one of the better articles I've seen.

But her portfolio is way ahead of DakotaFury's:
http://www.ericscc.com/lenders/dakotahfury

As someone else recently told you in a different thread, will you please just STFU with your lame DF references in every freaking thread already.   >:(  I'm sure you think that you are being funny and/or clever, but no one else here does.  That is why more people have you on ignore here than xode, which is really quite an accomplishment.
+1
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Mtnchick

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Re: Charlotte Observer P2P Front Page article 4/12/08
« Reply #9 on: April 12, 2008, 06:37:36 pm »

Quote
is pleased with the 15 percent return that her Prosper loans are generating.

Quote
funding portions of requests for homeowners with "A" credit ratings.

Quote
Most borrowers turn there, she believes, to secure lower interest rates than the banks would charge.

She can't honestly believe that A rated homeowners can't get better than 15% at a bank.  :ninja:

Decent article though.
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Classic comment from Urbi to a poster who said they were leaving:

"Once again, we note that your threats are hollow and you come across like a sad, lonely blowhard.

I doubt anyone here gives a shit about you.  We pretty much all know that you are a vile and unethical parasite of a human being with an abnormal craving for attention."
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