I just figure that the population of borrows in 26 states is less than the population of 50 states and as such, there would be a larger pool of borrows if operations are permitted in 50 states.
I was not aware that the blue sky exemption was in any way applied to
borrowers. I thought it only applied to investors. Something which LC certainly does not need right now. I believe that was also what DanB was getting at. If anyone has information to the contrary, I would certainly welcome hearing it.
I am wondering if I should take exception to your tone, but I'm not going to make a decision on that for now.
The other side of that is that I'm wondering if I have anything to contribute to this thread, or this forum; maybe I should just return to read-only mode as my questions might be received as suspect.
It is all in good fun. If you're going to be anywhere near finance you had better have thicker skin than that. I'd rather take my mother into a locker room than a bond trading pit.
Absolutely. That's pretty much what it would & should do.
And that is "absolutely" why it will never happen. They have it almost sealed up just the way they want it. Absolute best case, they will announce that they are "looking into it". Then the cheerleader journos will post blog entries saying "Lending Club to form BRV; stay tuned for details". The IPO happens, and that is the last you will ever hear of it. There is virtually nothing to accomplish here at this late date. Aside from knocking them a new one before the IPO, that is, which I am all for.