rocky1
Member of DD Central
Posts: 1,113
Likes: 1,934
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Post by rocky1 on May 18, 2020 9:49:41 GMT
a few platforms are having liquidity problems with not enough funds coming in via new investment/investors.one post earlier stated for them to be able to withdraw £100 there would need to be £100 going in. is this just shuffling money around whilst platforms continue to collect fees and decent salaries for themselves.then if the the worst happens for the lenders the t&cs go out of the window and we find ourselves way down the list for any repayments.hence I compare to pyramid schemes maybe somebody could put my words a bit better as I have not really done a good job here of what I am trying to say here
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Post by petebutt43 on May 24, 2020 23:38:37 GMT
The word yu are looking for is Ponzi. But P2P is not a ponzi scheme.
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