Financials: Are Peer-to-Peer Lenders Running on “Borrowed” Time?
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 16 May 2016
⏱️ 24 minutes
🧾️ Download transcript
Summary
After a very difficult first quarter, it’s time to reevaluate the online marketplace model.
On this Financials edition of The Motley Fool’s Industry Focus podcast, host Gaby Lapera and analyst Jay Jenkins go beyond the headlines in their discussion to explain why these problems are much more than a short term speed bump.
How did these companies get to this low point? What will it take for them to turn it around? Is it ever a good idea to make puns about something as boring as banking? To find out the answers to these questions and more, listen now.
Transcript
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| 0:00.0 | Hello everyone. |
| 0:05.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:10.0 | You're listening to The Financials Edition, filmed today on May 16, 2016. |
| 0:15.0 | Our peer-to-peer lenders operating on borrowed time? |
| 0:19.0 | Sorry, I just crack myself up. |
| 0:22.0 | Anyway, my name is Gabby LaPara. Joining me on the phone to talk about the |
| 0:26.3 | heartburn-inducing world of P2P lenders is financial analyst Jay Jenkins. |
| 0:31.6 | Welcome to the show. |
| 0:33.2 | Thank you, pun very much intended there. |
| 0:36.7 | Yeah, I was trying to think of a clever intro for this. |
| 0:40.7 | And there's just so many puns. Anyway, I think that a lot of people who follow |
| 0:46.9 | this world have probably heard about the Lending Club debacle, I think might be the best |
| 0:52.2 | word for it. Their share price has dropped |
| 0:54.4 | precipitously around 87% at the time of this filming and it's because they |
| 1:00.0 | sold loans to investors that they weren't supposed to sell. But we kind of want we |
| 1:06.4 | want we want to really dig into this world and figure out we want to tell you |
| 1:10.5 | guys and learn a little bit about why how peer-to-peer lenders work and why this is happening and maybe what the future of |
| 1:17.1 | peer-to-peer lending is. |
| 1:18.6 | Absolutely, Gabby, a couple of my personal friends asked me what the deal was with Lending Club. |
| 1:24.4 | They saw the news that it was just a $22 million package of loans. |
| 1:28.8 | And for a company that's originating millions of dollars of loans, you know, almost every single day. |
| 1:33.8 | That sounds like peanuts. |
... |
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