RSS Feed

a playground of art, photos, videos, writing, music, life

 


You are here







Random Quote

A perfectly healthy sentence, it is true, is extremely rare. For the most part we miss the hue and fragrance of the thought; as if we could be satisfied with the dews of the morning or evening without their colors, or the heavens without their azure.
-- Henry David Thoreau


 

Blog - Blog Archive by Month - Blog Archive by Tag - Search Blog and Comments

<-- Go to Previous Page

Prosper Update

 

A couple of years ago, I invested money into people needing a loan through Prosper.com.

Two are paid in full, and the other two are current, as you can see.

The government, which shut it down to any participation outside of the state of California due to concerns about "risk," is full of ninnies. Viva freedom and self-determination.

 


by Brett Rogers, 9/21/2010 6:21:50 PM
Permalink


Comments

The government shut it down because they hate free market solutions to people's problems.

Organizations like Prosper.com and Kiva.org are showing how powerful micro-finance can be in changing people's lives. In the case of Kiva, which primarily focuses its efforts outside of the United States where the regulatory barrier to start-ups is low; they are finding that people are utilizing these loans to start small businesses that radically improve their circumstances.

The same forces could transform our inner cities, if bureaucrats would just back off.

 

 

Posted by Casey Head (http://www.thewarning.us), 9/22/2010 10:16:53 AM



Add Your Comment:
Name (required):
Web Site:
Remember Me:   
Content: (4000 chars remaining)
To prevent spammers from commenting, please give a one-word answer to the following trivia question:

What country borders the United States on the north?