markr
Member of DD Central
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Post by markr on Jun 2, 2015 18:38:45 GMT
Is there going to be a report about how interest rates have been crushed, so we all have to pool our brass farthings and band together to invest in these new financial instruments?
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sl75
Posts: 2,092
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Post by sl75 on Jun 3, 2015 9:26:14 GMT
Is there going to be a report about how interest rates have been crushed, so we all have to pool our brass farthings and band together to invest in these new financial instruments? As I understand it: Presumably one will be able to discuss the detailed content of the programme AFTER it has broadcast - obviously without linking it to any non-public information. In information of which I have no first-hand knowledge, one or more members of one or more online forums related to P2P lending had suggested that this programme may be highlighting risks of P2P lending with a case study of a specific borrower on a well-known lending platform. Given that the TV producers and broadcaster will undoubtedly have access to lawyers who will advise on exactly how much information is appropriate to broadcast to the public, we probably need to wait for the broadcast to determine what level of detail is appropriate to discuss further... in the meantime, I'd guess the precise content of the programme would itself be non-public information too. Once the actual content is publicly known (and discussed here and/or on the relevant platform-specific board if any specific platform is highlighted), there would appear to be some repeat broadcasts for anyone who missed the significance the first time.
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sl75
Posts: 2,092
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Post by sl75 on Jun 8, 2015 19:08:51 GMT
Programme now broadcasting... during the intro, in the section that appears most relevant to P2P they said "how the boom in alternative investments saw this man's money on the scrap heap", with the interviewer asking "how did you feel when you heard about all this", and the man responding "horrified?!". No mention of a specific platform or borrower in the teaser section at least...
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jonbvn
Member of DD Central
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Post by jonbvn on Jun 9, 2015 8:15:08 GMT
Programme now broadcasting... during the intro, in the section that appears most relevant to P2P they said "how the boom in alternative investments saw this man's money on the scrap heap", with the interviewer asking "how did you feel when you heard about all this", and the man responding "horrified?!". No mention of a specific platform or borrower in the teaser section at least... So could anyone give a brief synopsis on what they said about P2P lending please?
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Post by uncletone on Jun 9, 2015 8:32:36 GMT
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Post by ablrateandy on Jun 9, 2015 8:35:04 GMT
Executive summary from the wife :
"What a dull programme. They spent half an hour saying how bad everyone's rates are and then didn't say who had the good ones. Don't you do something like this? I hope that you don't break anyone's instruments."
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Post by mrclondon on Jun 9, 2015 8:40:45 GMT
Programme now broadcasting... during the intro, in the section that appears most relevant to P2P they said "how the boom in alternative investments saw this man's money on the scrap heap", with the interviewer asking "how did you feel when you heard about all this", and the man responding "horrified?!". No mention of a specific platform or borrower in the teaser section at least... So could anyone give a brief synopsis on what they said about P2P lending please? Probably best summed up as "nothing". All bar 5 minutes of the programme was focussed on the banks and building societies for low rates. Without putting it into any kind of context (so probably meaningless to those not already involved with p2p) they spent c. 5 minutes cutting between FC's promotional youtube video, and a narrative of one particular FC loan which only made one repayment and that FC classes as unlikely to achieve further material recovery. I got the impression the main prurpose of that segment of the programmme was to act as a warning shot that yes the banks pay low rates, but if you invest elsewhere you may lose it. i.e. the programme producers box ticking to ensure that they could not be accused of funnelling lenders away from poor bank rates into more risky alternatives without somekind of warning. Edit: crossed with previous two posts expressing the same sentiment !
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jun 9, 2015 8:42:28 GMT
Executive summary from the wife : "What a dull programme. They spent half an hour saying how bad everyone's rates are and then didn't say who had the good ones. Don't you do something like this? I hope that you don't break anyone's instruments." Well you have been trumpeting your new website!
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upland
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Post by upland on Jun 9, 2015 12:50:09 GMT
I thought it badly proportioned. When you consider all the exciting possibilities in p2p lending it mentioned little of that and a lot about some scrap yard. I could not believe it when the chap said 'horrified' , he could not have read any of the warnings or had not thought about the wisedom putting a lot of money into badly rated investments. It was just supposed to get audience reaction.
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Investor
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Post by Investor on Jun 9, 2015 13:03:28 GMT
Given the tag line for the programme was "With interest rates at their lowest for 300 years, where should you put your money?", I would suggest they failed miserably to achieve their goal. Had it been where should you NOT put your money then it was a reasonable attempt. Having said I would agree that the piece on Flattened Cornets will probably be good cheap advertising for them as anyone with an ounce of understanding of risk would not be put off by what was presented.
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