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Post by df on Nov 21, 2021 22:38:59 GMT
Though this new form of loan was baulked at for its complexity here, it is sad to see that some avenues in p2p cannot be safely travelled. I think the decision is wise, because retail investors (including me) are sophisticated but not necessarily expert enough to have a sufficient understanding of this complexity, no matter how complete the information provided. The risks of that lack of understanding fall on the lenders, the platform, and those who are supposed to ensure a reasonably safe environment for retail lenders. Though let's not take it too far. Abl are to be appreciated, I believe, for going the extra mile to seek out new forms of lending to present to us. And I guess, without knowledge, for making sure the instant returns were paid, because if I were the applicant borrower here I would be rather reluctant to do so in these circumstances. I didn't participate for this very reason, but glad it was withdrawn. Wise decision, especially in current situation.
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