Commissioning Television Programming on Lendy

It would be good for some platforms to feel the heat.

But I can see none of the platforms willing to co-operate, using some bland excuses of protecting client confidentiality. 

That might reduce the credibility of it all, and if it is centred around one platform it might seem as a bit of a hatchet job.

I do think it has merit, perhaps based around the P2P world as a whole and detailing some of the worst loans. It certainly is eye-opening for the general public at large that they can invest in one of these regulated platforms, put their money in a loan and lose close to 100% of it (ie Whitehaven FS) or have the can kicked down the road for years with the same likely result (Powerboat). That would be Panorama-type stuff.

I think where Lendy is concerned, the reality is more banal. They simply did not have the size/competencies to manage these massive GDV projects, and several of them just went wrong either through own goals or the borrower getting the better of them. Their previous excellent reputation pre-2016 pre-dated the DFL-type stuff. They got greedy, but it would have to be said that so did we (IMO). I certainly remember thinking Saving Stream was great a few years ago, with the result being today I have a little bit too much stuck in there. 

Fair comment. Apology accepted. Thank you.
I don't want to loose my money either. I won't be paid £72k for making a doco on Lendy for UK TV either.

It's the general cut and paste updates that are shocking & general lack of info.
Others are taking a real hit, I'm thinking of a glass building in Liverpool, young first time buyers (give great talking heads pieces to camera) have basically been scammed out of a deposit.
Not by Lendy but the association is simply a disaster the way it stands. TV gold this. All we need is a blue light and a dog and that green lights the project.

Don't forget to mention the nice little RICS scam they have going too!

I’m shocked at some of the responses here. It’s a classic symptom of a ponzi scheme when people don’t want to expose it for fear of collapse, clinging onto the vain hope that by keeping the patient alive for a little longer, they still have a chance of recovering funds.

Having spoken to various people at Lendy over the last year, I am of the opinion that the majority of staff at Lendy have no idea what is going on and get fed the same BS as the investors. Essentially all of them targeted to keep filling the bucket from the top as quickly as possible before it all drains out the holes. If that water reaches a certain level, the pyramid collapses.

The reality is that it’s going to happen, just a case of when. The longer the exec team have to prepare for the inevitable, the less chance there is of getting a proper recovery team in there to come down hard on the debtors, RICS valuers and the team itself. On top of that. The more time there is for an exit plan to to executed.

Exposing this is the right thing to do, rather than doing the very British thing of keeping your head down and not rocking the boat or making a fuss, hoping things will come good.

Wake up and smell the coffee, we are being taken for fools.

Yep -  It's a classic case of everyone at the table being served up a meal of dogfood and staring at each other complaining, then the waitress arrives and asks if everything is ok with the meal and everyone nods.........

I like you cashmax