jw01
Posts: 62 
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Post by jw01 on Jan 13, 2016 15:38:51 GMT
The press is full of reports forecasting a crash to at least match that of 2008.
RateSetter was not in existence in 2008.
How can they assure us that they are in a position to survive such a crash?
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jw01
Posts: 62
Likes: 21
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Post by jw01 on Jan 13, 2016 15:42:39 GMT
The press is full of reports forecasting a crash to at least match that of 2008.
ThinCats was not in existence in 2008.
How can they assure us that they are in a position to survive such a crash?
Reply
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jw01
Posts: 62
Likes: 21
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Post by jw01 on Jan 13, 2016 15:45:45 GMT
The press is full of reports forecasting a crash to at least match that of 2008.
Saving Stream was not in existence in 2008.
How can they assure us that they are in a position to survive such a crash?
Reply
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jan 13, 2016 15:46:25 GMT
The directors could give you a Personal Guarantee.  |
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jw01
Posts: 62
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Post by jw01 on Jan 13, 2016 15:46:53 GMT
The press is full of reports forecasting a crash to at least match that of 2008.
Funding Circle was not in existence in 2008.
How can they assure us that they are in a position to survive such a crash?
Reply
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Jan 13, 2016 15:47:29 GMT
These directors could give you another personal guarantee  |
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Jan 13, 2016 15:49:33 GMT
Ummm ....
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Post by jackpease on Jan 13, 2016 15:50:44 GMT
IMHO Ratesetter is the least likely to collapse in a crash - moderate interest rates, moderate risk. Others have Bot-tastic headline rates and may be less safe.
Jack P
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blender
Member of DD Central
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Post by blender on Jan 13, 2016 15:53:44 GMT
Please specify the nature of the anticipated crash.
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registerme
Member of DD Central
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Post by registerme on Jan 13, 2016 15:55:11 GMT
He's put the same post with the same title in at least three sub-forums. I've reported them.....
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adrianc
Member of DD Central
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Post by adrianc on Jan 13, 2016 15:57:34 GMT
How can they assure us that they are in a position to survive such a crash? They cross their fingers.
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ben
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Post by ben on Jan 13, 2016 15:58:15 GMT
He's put the same post with the same title in at least three sub-forums. I've reported them..... true sill a valid question though
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metoo
Member of DD Central
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Post by metoo on Jan 13, 2016 15:58:44 GMT
How can they assure us that they are in a position to survive such a crash? They cross their fingers. then. If you check out their blog, I believe there is a piece about stress testing they have had done. There are 2 risks: (1) Increased loan defaults, leading to poorer returns or losses, and of course lenders are advised to be well diversified. (2) Platform failure, eg if fees from new lending dry up. This is not supposed to affect loan security. FC tell us they have a lot of cash from backers to ensure they are here to stay. Also: (3) Secondary Market freezes up as no one wants to buy in, or ends if platform fails. Meaning lenders might have to offer big discounts if wanting to sell, or would have to hold to maturity or default.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 13, 2016 15:59:07 GMT
All media. They are reporting the RBS credit team's 'sell everything were all f***ed recommendation.'
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registerme
Member of DD Central
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Post by registerme on Jan 13, 2016 15:59:11 GMT
In which case it could have been in the general forum, with some references to back it up.....
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