Could Peer to Peer Lending be the way of the future?
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Note to president Obama… Our current financial system doesn’t work! As if he really needed me to tell him that! The current mortgage meltdown and credit crisis should tell us all one thing for sure. We don’t know what the “h-e-double hockey sticks” we are doing in our financial markets. Many years ago there were no banks or brokers to create this mess. Banks served a great purpose in building our country to what it is/was. But maybe its time that we do something different or in this case do it again but better. What I am referring to is people investing in other people not banks. Today this concept is commonly referred to as Peer to Peer lending.
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