{"id":4410,"date":"2011-12-19T12:00:06","date_gmt":"2011-12-19T17:00:06","guid":{"rendered":"http:\/\/stateimpact.npr.org\/new-hampshire\/?p=4410"},"modified":"2011-12-16T14:28:25","modified_gmt":"2011-12-16T19:28:25","slug":"banking-for-the-99-percent-maybe","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/new-hampshire\/2011\/12\/19\/banking-for-the-99-percent-maybe\/","title":{"rendered":"&#8220;Banking For The 99 Percent&#8230;Maybe&#8221;"},"content":{"rendered":"<div id=\"attachment_4412\"  class=\"wp-caption module image left\" style=\"max-width: 300px;\"><a class=\"fancybox\" title=\"P2P file sharing--whether illegally downloading music and movies or offering alternative lending--is a controversy magnet\" href=\"http:\/\/stateimpact.npr.org\/new-hampshire\/files\/2011\/12\/4732645359_425dd75007.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-4412\" title=\"P2P: Legalize Us\" src=\"http:\/\/stateimpact.npr.org\/new-hampshire\/files\/2011\/12\/4732645359_425dd75007-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/stateimpact.npr.org\/new-hampshire\/files\/2011\/12\/4732645359_425dd75007-300x225.jpg 300w, https:\/\/stateimpact.npr.org\/new-hampshire\/files\/2011\/12\/4732645359_425dd75007-220x165.jpg 220w, https:\/\/stateimpact.npr.org\/new-hampshire\/files\/2011\/12\/4732645359_425dd75007-138x103.jpg 138w, https:\/\/stateimpact.npr.org\/new-hampshire\/files\/2011\/12\/4732645359_425dd75007.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-media-credit\">Ryan Van Etten \/ Flickr<\/p><p class=\"wp-caption-text\">P2P file sharing--whether illegally downloading music and movies or offering alternative lending--is a controversy magnet<\/p><\/div>\n<p>First of all, if you haven&#8217;t checked-in with NHPR&#8217;s <a title=\"Word of Mouth\" href=\"http:\/\/www.nhpr.org\/programs\/word-mouth\" target=\"_blank\">Word of Mouth<\/a>&#8230;you need to.\u00a0 StateImpact listens in frequently.\u00a0 And it just so happens that we found a <a title=\"Banking for the 99%...maybe\" href=\"http:\/\/www.nhpr.org\/post\/banking-99maybe\" target=\"_blank\">cool interview<\/a> host Virginia Prescott did with reporter MacGregor Campbell about the resurrection of peer-to-peer lending in lieu of banks.\u00a0 As the segment intro explains:<\/p>\n<blockquote><p>&#8220;Back in the mid-2000&#8217;s, peer to peer lending web sites like\u00a0<a href=\"http:\/\/www.prosper.com\/\">Prosper<\/a> and\u00a0Lending Club\u00a0bet that ordinary people could take the place of banks. The business model was both daring and consistent with the hyper-connected internet culture. The idea was that people who needed loans could connect with investors willing to bet on getting paid back with a little interest. Prosper\u2019s faith in\u00a0crowd-sourcing replacing traditional risk-assessment tools used by banks turned out to be a mistake. Within two years, the\u00a0SEC shut it down for not holding insurance to repay jilted lenders\u2026it turns out that up to\u00a0twenty percent of the borrowing crowd defaulted on their loans. Today\u2019s tighter loan policies have paved the way for a new wave of P2P\u00a0banks to again experiment with connecting people through lending.&#8221;<!--more--><\/p><\/blockquote>\n<p>Prescott&#8217;s short interview focusing on the return of populist, internet-driven lending is well worth the listen.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>First of all, if you haven&#8217;t checked-in with NHPR&#8217;s Word of Mouth&#8230;you need to.\u00a0 StateImpact listens in frequently.\u00a0 And it just so happens that we found a cool interview host Virginia Prescott did with reporter MacGregor Campbell about the resurrection of peer-to-peer lending in lieu of banks.\u00a0 As the segment intro explains: &#8220;Back in the [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":4412,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[505,364],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/4410"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/comments?post=4410"}],"version-history":[{"count":6,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/4410\/revisions"}],"predecessor-version":[{"id":4417,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/posts\/4410\/revisions\/4417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media\/4412"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/media?parent=4410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/categories?post=4410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/new-hampshire\/wp-json\/wp\/v2\/tags?post=4410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}