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CSykes

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CSykes

Re: PegnVA post# 172097

Sunday, 10/11/2009 2:43:26 PM

Sunday, October 11, 2009 2:43:26 PM

Post# of 447453
It is called "proof of concept"..

If you can't grasp the point I was trying to make then I doubt you see the bigger picture.

Obviously "Prosper" is not going to replace the Fed. The concept of peer to peer lending however could. That is known as "Proof of concept" in the investment world. When an idea has proven to be successful on a small scale, it can be scaled for larger implementation.

There is no reason why "peer to peer" lending would not work. Banks are nothing but middle men in the financial world. They have already proven to be corrupt and greedy.. what better w ay to solve that problem then to eliminate them entirely.

The idea we must have banks is ridiculous.

Visit our #board-9884 and come make $$money$$ with us by trading and investing in Emerging Chinese Small Caps!

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