I really don't like these developments--viewing the requirements that seem to attach to these lending marketplaces, right after seeing dozens of smart people rack their brains on another thread here about what it would take to start an investment market, makes me a little sick thinking about the massive brakes that a slow-moving regulator like the SEC puts on financial innovation.
At a time like this, rapid financial innovation is exactly what is needed.
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I really don't like these developments--viewing the requirements that seem to attach to these lending marketplaces, right after seeing dozens of smart people rack their brains on another thread here about what it would take to start an investment market, makes me a little sick thinking about the massive brakes that a slow-moving regulator like the SEC puts on financial innovation.
At a time like this, rapid financial innovation is exactly what is needed.