Recent Posts

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Foliofn - LC / Re: Folio API stopped working since yesterday
« Last post by Ran on March 31, 2020, 11:24:45 AM »
I take is that as long as 1% fee can fairly compensate Folio without sizable subsidize from LC, LC will leave Folio the way it is. But zero improvements/enhancements
Liquid started buying again on Folio again at approximately 6:30 Sunday evening.

I guess my "Announcement of Folio's death was greatly exaggerated". :)
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Foliofn - LC / Re: Folio API stopped working since yesterday
« Last post by Rob L on March 31, 2020, 10:26:48 AM »
Liquid started buying again on Folio again at approximately 6:30 Sunday evening.

I guess my "Announcement of Folio's death was greatly exaggerated". :)
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Foliofn - LC / Re: Folio API stopped working since yesterday
« Last post by Roux on March 31, 2020, 08:44:52 AM »
Liquid started buying again on Folio again at approximately 6:30 Sunday evening.
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Foliofn - LC / Re: Folio API stopped working since yesterday
« Last post by Rob L on March 30, 2020, 05:46:25 PM »
Regarding LC I've become a well known perma-cynic. They have never been transparent on these things.

LC Folio could go the Prosper way for all we know.
Why is it thought the API is down by fault rather than intent and why think it will be restored? They have so much bigger fish to fry.

They just bought a bank before banks crashed. My uninformed speculation is they must have vastly overpaid as compared to today's valuations.
Can they get out of the deal or renegotiate? Their idea was good but massively overtaken by events (extremely unfortunate and not of their making).

My theory is not backed up with any financial / balance sheet analysis at all and may be totally off base.
Anybody who has a better ground truth, or at least an opinion with some numerical analysis, please set me straight.
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Foliofn - LC / Re: Folio API stopped working since yesterday
« Last post by jheizer on March 30, 2020, 03:39:26 PM »
:( annoying.  Glad I saw this or I still would have been dropping prices not know the API is down so why there are no buyers.
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Foliofn - LC / Re: Folio API stopped working since yesterday
« Last post by Fred93 on March 30, 2020, 03:30:58 PM »
They haven't fixed it yet.  Huh.  Must be real high priority.
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Off Topic / Re: Cash Parking
« Last post by Rob L on March 30, 2020, 10:57:25 AM »
To put a book end on it, the opening through the first two months of our TAB bank Kasasa checking account experience has been extremely positive. Opening was simple and afterwards we transferred in $5k from our Ally bank savings to initially fund it. We gave it a few weeks testing and then transferred in another $45k to take full advantage of the max amount qualifying for the 4% rate. It was always our intention to replace our Wells Fargo checking account with this account so we have had no problem generating the 15 debit card transactions and single ACH per month to qualify for the 4% rate. We are way over on both. Anyway, no regrets and soon good bye completely to WF :)

We received an email today saying the max rate was being lowered to 3% from 4%. Obviously this was no surprise. Our Ally bank savings account now only pays 1.5% and our old WF checking account paid zip. WF even charged a $12 monthly fee for Quicken downloads and another $12 fee if the daily average balance in a month was less than $1,500. I'm really going to miss their great customer service though (not)!
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Foliofn - LC / Re: Folio API stopped working since yesterday
« Last post by Roux on March 29, 2020, 08:19:21 PM »
Same here. Liquid has not bought any Folio notes since noon on the 28th.
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The credit scores aren't updating.

Confirmed. I will also email them and ask. Furthermore, I'll tell them that the secondary market seems to be down.
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Foliofn - LC / Re: Folio API stopped working since yesterday
« Last post by kaw on March 29, 2020, 11:20:22 AM »
Has anyone contacted LendingClub or Folio? I know it's a weekend. Maybe they'll just reboot on Monday morning.
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