All Posts Tagged With: "borrowing"

Major Lending Pullback Predicted by Maverick Wall Street Analyst Could Have Dire Implications for U.S. Economy

Oppenheimer & Co. (OPY) analyst Meredith Whitney’s reputation has soared like a skyrocket since she made her bearish – but highly prescient – call on the banking sector, including Citigroup Inc. (C), as Money Morning reported last fall.

Now she’s back. And her outlook for the financial sector is actually worse. Whitney is now predicting that the banking-sector’s financial crisis will extend well into next year. If not beyond.

And that’s not even the bad news.

Whitney now says the worst may be yet to come. The banking-sector financial crisis will last at least until the end of next year, and may actually stretch…

26May2008 | Money Morning | Comments Off | Continued

Lending Club 101

Now that I have pretty much mastered much of what Prosper is all about, it’s time to take a serious look at their competitor – Lending Club. As I had stated earlier, the sign-up interface is very smooth. The site has an overall energetic feel and although I hate the color orange, there’s something about mixing it with black and using creative visuals that scream “lending can be sexy.”

The first thing I had to do was verify my identity, social security number (tax purposes), bank account, etc. The process is fairly straight forward and simple. When verifying your bank account it…

14Jan2008 | S. Oakes | 2 comments | Continued

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