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Meet The Peer 2 Peer Lending Website That Funded The San Bernardino Shooters
Over the course of the past nine months or so, we’ve documented the rise of online P2P lending.
Back in May, for instance, we highlighted a Bloomberg piece which suggested the volume of P2P loans is set to hit nearly $80 billion in 2015. “LendingClub, the No. 1 player worldwide, is trading at a market value of about $7 billion even though it lost $33 million last year,” Bloomberg said, before warning that “in a flashback to the subprime mortgage boom, P2P startups have begun bundling and selling off loans through securitizations.”
Well of course they have. When it comes to new, potentially lucrative markets, Wall Street is a bit like Christopher Walken’s character Frank White from the 1990 cult classic “King Of New York”: “Nothing goes down unless I’m involved.” The more demand there is for P2P loans to securitize, the lower will be P2P lenders’ underwriting standards creating a repeat of the originate to sell dynamic that helped create the housing bubble and is now playing out across the auto loan space. But when it comes to P2P loans, there’s another problem. P2P loans create the conditions whereby borrowers can refi high-interest debt via personal loans, transferring credit risk from large financial institutions to private lenders in the process. It’s not entirely clear what the implications of that shift might ultimately be, especially if the market continues to grow rapidly, but one thing is clear: using a relatively low-interest P2P loan to pay off a high-interest credit card is no different in principle than using a new credit card that comes with a teaser rate to pay off an old credit card.
As sinister as all of that sounds, it turns out P2P lending may have an even darker side. Those who follow trends in the ABS market - and let’s face it, who doesn’t, right? - might recall that back in January, BlackRock put together a $327 million deal dubbed “Consumer Credit Origination Loan Trust 2015-1.” The loans in the collateral pool were made through Prosper, the world’s second-biggest P2P lender. In an unprecedented move, Moody’s actually rated the damn thing, giving the senior tranche an investment-grade mark of “Baa3”. Here’s what Bloomberg said at the time:
The company, on behalf of its clients, scooped up more than $330 million of consumer debt arranged since November 2013 by Prosper Marketplace Inc., the so-called peer-to-peer lending platform that finds investors to fund borrowers, according to bond-offering documents. New York-based BlackRock is seeking to sell most of that debt to other institutions while retaining a risky slice.
The purchases represent about a sixth of debt obtained through Prosper during that period, showing how the platform has moved beyond funding from mom-and-pop investors. BlackRock’s bond sale, known as a securitization, could be a harbinger for more such deals, said Matt Burton, chief executive officer of Orchard Platform, a data provider to clients investing through online markets like Prosper’s and one run by LendingClub Corp.
“One of the large bottlenecks in this space for institutional investors has been volume,” he said. “That’s all changing.”
Yes, “that’s all changing,” thanks to the proliferation of P2P lending. In fact, loans originated through San Francisco-based Prosper jumped to $1.6 billion, last year, up some 350 percent.
If you aren’t familiar with P2P, you might be asking yourself: “what kind of loans does Prosper make?” Well, according to their website, they arrange debt consolidation loans, home improvement loans, special occasion loans, and personal loans for business.
We’re not sure which of those categories “jihadist massacre” falls under (we assume “special occasion”), but as Reuters reports, San Bernardino mass shooters Syed Farook and Tashfeen Malik, obtained a $28,500 loan through Prosper not long before killing 14 and injuring nearly two dozen in a bloody rampage last Wednesday. From Reuters:
Online lender Prosper recently made a $28,500 loan to Syed Rizwan Farook who, along with his wife, killed 14 people at a holiday party last week in San Bernardino, California, according to a source familiar with the matter.
One of the Reuters government sources said Farook and Malik apparently pursued a scenario previously followed by U.S.-based militants by draining their bank accounts and maxing out credit lines before embarking on what they believe to be a suicide mission, knowing that they would not have to pay off the debts.
Prosper evaluates borrowers for loans, which are originated by third-party bank WebBank. Prosper then sells the loans off to investors.
As Prosper puts it in the "How It Works" section of its website, "Prosper is the market leader in peer-to-peer lending-a popular alternative to traditional loans and investing options. Prosper allows people to invest in each other in a way that is financially and socially rewarding. We cut out the middleman to connect people who need money with those who have money to invest...so everyone prospers!"
Well, "everyone" didn't exactly "prosper" here and because this didn't turn out to be one of the site's more "socially rewarding" ventures you can bet the FBI is taking a hard look at just how the company went about evaluating this particular loan prior to approval. More from Prosper:
Here's how it works:
- Borrowers choose a loan amount, purpose and post a loan listing.
- Investors review loan listings and invest in listings that meet their criteria.
- Once the process is complete, borrowers make fixed monthly payments and investors receive a portion of those payments directly to their Prosper account.
We're reasonably sure Farook didn't list "general terrorist purposes" as the reason for his loan request which begs the question of whether the person who provided the funding was complicit in the plot or whether it was merely some innocent benefactor who bought the story that Farook posted (indeed, given his occuption as an employee of the state, he probably looked, on paper, like a good credit).
In any event, they'll surely be much more on this story in the very near future but for the time being, we'll simply leave you with two images, the first from Prosper's website, and the second from the aftermath of Farook and Malik's shootout with police. Here's what the pictures have in common: a husband, a wife, a car, and Prosper. We'll leave it to readers to spot the differences.
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So you're saying I'm not getting paid back?
I can't tell if this is bullish for Silicon Valley or, bullish.
"We’re not sure which of those categories “jihadist massacre” falls under (we assume “special occasion”)"
I love it when "salty Tyler" cranks out an article like this. A pleasure to read.
But this was false flag though.
I was promised 72 virgins as collateral. I think I have grounds for a lawsuit here.
Real muslims are not allowed to borrow at interest
Real jews are not allowed to lend at interest.
Are there any 'real jews' on the planet? Or are they all just Ashkenazi's who know little to nothing about their ancestry?
But... http://www.veteranstoday.com/2015/12/06/holes/
"...Farook and Malik apparently pursued a scenario previously followed by U.S.-based militants by draining their bank accounts and maxing out credit lines before embarking on what they believe to be a suicide mission, knowing that they would not have to pay off the debts."
Why doesn't the FBI just watch citizens who drain their bank accounts and max out their credit cards? That should eliminate 1% of the population as potential terrorists. A good place to start. Oh...except that would leave them with the list they already have.
Dear Prospective Lender,
Ahmed is like to borrow money please. Here is plan for hot dog stand... exploding hot dog stand.
Sincerely,
Ahmed Yudai
is loan for explosive investment opportunity. come on boris lol
What happened to the 'three white men in army gear who were watched by an eyewitness?'
I read he made a deposit to his account in the amount of the loan.
Took 10,000 cash
Moved two deposits of 5,000 each to his mothers account.
Then I read that the police scanner showed they had contact with him a week before.
It said:
In a second exchange shortly after 12:20, another officer says of Farook: "I just got some info from that LAPD that they have information on one of your suspects. I heard that somebody was trying to INV that guy. Can you find out who I can give this information to?"
A third exchange, two minutes later, follows:
Officer 2: [garbled] I had received a call [garbled] that had some information that they had ran the guy or something last week and I was going to give it to your intel guys.
I don't know what an INV is.
http://www.weeklystandard.com/a-missed-warning/article/2000125/
I'm using those those guys in my attempts to destabilize the state of Kansas.
I hate Kansas......with a passion......die you bastards die.
No....I'm not from the Middle East.....I'm Scandinavian actually.
I just really hate Kansas.
There were no lenders ...
SAN BERNARDINO SHOOTING — THEORY ON MANCHURIAN CANDIDATE ACTIVATIONhttp://stateofthenation2012.com/?p=26752
But, but Jeff Bauman had his legs blowed off!
It's okay, Hatman saved him. nanannananannananannanaaaa Hatman!
Offhand, I'd say the main problem with peer-to-peer lending is that the (jew) bankers don't get a cut.
Never let a good crisis go to waste.
And, it was more than likely some sort of Operation Gladio II false flag anyway. Read, Zio's. So why not take a jab at the liittle-guy lenders at the same time? Smart.
And fucking shame on you, Tyler.
Watch it Dog, I'm a JEW, and pissed off when my daughter dates outside her race
:((
http://goo.gl/1iqJP3
Signed
Tyler Durdenbaum
but Jeff Bauman had his legs blowed off! , yes for the second time .
"Why doesn't the FBI just watch citizens who drain their bank accounts and max out their credit cards? "
That would be most people in the US between paychecks (or EBT refills). A pretty damned big list.
Yeah, that'd be me, I got exactly $24.15 in there. I do it every other Friday, I found someplace safer ;-)
So you're a confirmed terrorist. But I suppose that's nothing special in these parts.
Are there any "real Christians" on the planet?
Concerning Retaliation
“You have heard that it was said, ‘An eye for an eye and a tooth for a tooth.’ But I say to you, Do not resist an evildoer. But if anyone strikes you on the right cheek, turn the other also; and if anyone wants to sue you and take your coat, give your cloak as well; and if anyone forces you to go one mile, go also the second mile. Give to everyone who begs from you, and do not refuse anyone who wants to borrow from you.
Love for Enemies
“You have heard that it was said, ‘You shall love your neighbor and hate your enemy.’ But I say to you, Love your enemies and pray for those who persecute you, so that you may be children of your Father in heaven; for he makes his sun rise on the evil and on the good, and sends rain on the righteous and on the unrighteous. For if you love those who love you, what reward do you have? Do not even the tax collectors do the same? And if you greet only your brothers and sisters, what more are you doing than others? Do not even the Gentiles do the same? Be perfect, therefore, as your heavenly Father is perfect.
http://www.zerohedge.com/news/2014-10-06/law-suit-porn-addict-divorcing-...
Farook had 63K in his checking account, why take a loan.
(as per pics take from media)
Wanted to maximize his return on equity?
"Are there any "real Christians" on the planet?"
Christianity started from what? A small pack of storytelling Hebrews who didn't like Pharisees indoctrination? And as it went along, turned into a power & money making operation whereby some of the most important Gospels were written by some who lived 100 years AFTER the time of Jesus & therefore didn't know him at all? Did I get that wrong? Am I missing something here?
By starting after his life as a human on Earth, you are missing the part about Jesus Christ, and what he taught, but you know that.
The way I see it, I very much doubt that Jesus Christ would have anything to do with the religion that was spawned in his name, nor the zealots who follow it.
The truth is that most Christians are not like the priest that fucked you in the ass, little boy.
Don't let people apply that to the Muslims lest their heads might explode.
"The truth is that most Christians are not like the priest that fucked you in the ass, little boy."
Well as for me personally, if I decided to goose step along, I suppose one of my first inclinations would be to try and stay out of the gutter. I'm pretty sure JESUS would have taught that, but as I alluded to before, ironically, I'm not sure how many 'Christians' see it exactly that way.
I have read enough of your posts to know that your first inclination is to promote divide et impera, usually with a fallacious argument, like that above.
I have read enough of EVERYBODY's posts to know that when it's impossible to attack the message, the guttural reaction is to 'ad hominem' attack the messenger.
It looks like we have a problem down here on Earth at the moment...
Why should we believe a creep who lived some 2000 years ago in some sheep-herding dump in the ME and his father with a white beard living somewhere up there in the Sky to be solution for our problem?
It looks like we have a problem down here on Earth at the moment...
Why should we believe a creep who lived some 2000 years ago in some sheep-herding dump in the ME and his father with a white beard living somewhere up there in the Sky to be solution for our problem?
Imaginry masters keep evolving - each iteration more totalitarian than the previous
Jesus was probably somewhat of a 'libertarian', sadly what resulted amounts to spiritual 'statism'
"Farook had 63K in his checking account, why take a loan."
So, 63k is the finish line? After you have amassed that much wealth, there is no need to borrow money?
Could have taken out that loan, cashed it in a few withdrawals of a few thousand each, and have it to someone to hold for their child. Just a thought. If you knew you were going to die in a couple weeks, for whatever reason, borrow as much as you can and buy as much gold as you can for whoever you leave behind.
Just a thought. Most of these people are huge hypocrits when it comes to their religion. He probably spent it all on cocaine and hookers.
Strip bar celebrations get expensive. I know Ive seen Armageddon.
I ask, what does Christianity or any religion have to do with morality?
they have to do a lot with turning bovine masses against themselves - the way psychopaths do so well
That's risque for a Pope to be talkin bout jews like that.
Meanwhile...back at the Middle East's ONLY "democracy":
JERUSALEM (AP) — An Israeli military court has sentenced a female Palestinian lawmaker to 15 months in prison after convicting her of belonging to an illegal organization and incitement, the army announced Tuesday, drawing angry denunciations from Palestinian leaders in the West Bank.
The sentencing of Khalida Jarrar marked the culmination of a case that has attracted widespread attention. Jarrar is a popular figure in the West Bank and known for her fiery speeches against Israel.
Jarrar was arrested last April in a raid on her home for allegedly violating Israeli travel restrictions that barred her from Ramallah, the West Bank city where her family lives. She was subsequently charged with incitement and membership in an illegal organization.
Palestinians say Jarrar, who is in her early 50s and the mother of two grown daughters who are pursuing advanced university degrees in Canada, was prosecuted for political reasons. They say the evidence against her was flimsy and that she poses no threat to public safety.
Israel's military courts try Palestinians charged with security offenses against Israel under a separate legal system from the one that serves Israelis. Critics say that Palestinians who are tried under the military courts are seldom acquitted and many, fearing they have little chance of proving their innocence, opt to accept the shorter sentences offered in plea bargains.
Jews are not allowed to charge interests on personal loans to other Jews. Business partnerships and agreements are exempted. This is why in Israeli bank braches smaller signs are on the side explicitly marking all transactions as part of general business agreements that involve profit sharing and fees for servcies.
And they died by their principles as no interest was paid.
Excellent point!
That probably doesn't matter if the borrower does not intend to repay.
Contract terminated before first payment due.
A bit more going on here. Follow the grant $$$.
All these drills are funded by grant $$$ from the DOJ.
IOW local LE has been federalized.
This also has everything to do with Agenda 21 & refugee placement.
"Real muslims are not allowed to borrow at interest"
I'm thinking that they paid no intetrest and won't pay any in the future.
Its easier for a Terrorist to get $28500 online from Prosper than it is for me to get $10000 cash in person at my credit union.
I think that says more about you than it does about terrorists...
just sayin'
I can't even get my brother to lend me $8 for a Chipotle Burrito smoothered in E coli and topped with pseudomonas.
He's cheaper then dirt!
Yeah, just ask Denny Hastert.
They were planning to pay you back in devalued caitlyns
Bullets with pork infused paint!
“With Jihawg Ammo, you don’t just kill an Islamist terrorist, you also send him to hell. That should give would-be martyrs something to think about before they launch an attack. If it ever becomes necessary to defend yourself and those around you our ammo works on two levels,” the company said in a press release earlier this month.
The company’s website bills the bullets as “Peace Through Pork” and a “peaceful and natural deterrent to radical Islam.” There’s a related line of apparel that feature slogans like “Put Some Ham in MoHAMed” and a target poster that says “Give Em a Spankin with some Bacon.”
Webbank probably has first position on the loan, you can get 31 only used once virgins.
Maybe he used his life insurance policy for collateral ...
False flag financing is AAA rated right now.
Is AAA better than Baa, Baa, Baa?
Wow, this story is really ending well.
Maybe they could talk about secure messaging, bitcoins, or some other claptrap.
Even if this was an actual shooting, I am far past the point of ever thinking I have a bigger worry about terrorists than with the gabilions of government goons I must weave through daily.
pods
Oh, fuck me, how many permeatations of these lies are there? Now we can only borrow from JPM at usurios rates or the terrorists win?
From the information I've seen I'm not convinced these two (3?) shot anybody.
They showed a pic of her with that jibjab on, more than enough.
They very well might have done it though, idk. At this point I know the solution is going to be much worse than the problem though.
Goverment: "We can never say we are going to catch everyone, or stop them from buying weapons."
"But please let us set up more roadblocks to you buying weapons."
pods
You nailed it. Prosper & P2P lending is fairly free of oversight and represents an outlet for entrepreneurs and businesses to secure funding they otherwise couldn't get from the existing banking cartel. Kind of like "factoring lending."
So it must be controlled and/or eliminated.
This San Bernadino theatre has succeeded beyond the FBI/NSA/CIA/Mossad's wildest dreams. Stay tuned there's more where that came from!!!
Yeah, as good as it gets. Continue perpetual undeclared war with invasion of Syria. Confiscate guns, coz terrorists will give them up for sure. Shut down competition to the entrenched jew bankers. Throw muzzies out of the country. Best false flag ever. Someone's got a major hard on.
So don't be surprised when there are more.
Establishment sure hates that P2P stuff.
How many 'Satoshi's' for that AK-47?
I love this salty Tyler line: "Here's what the pictures have in common: a husband, a wife, a car, and Prosper. We'll leave it to readers to spot the differences."
"We’re not sure which of those categories “jihadist massacre” falls under (we assume “special occasion”)"
Home Improvement.
"Meet The Peer 2 Peer Lending Website That Funded The San Bernardino Shooters"
BITCOIN!
OMFGAWD! IT'S BITCOIN!!
Wait till the jihadists are rumored to have accepted deh bitcoin as seed money.... operation c(h)ode cracked will commence in...
GoPro packaging found in vehicle per .gov inventory sheet.
Aww you changed it.
'What were they doing in between the shooting and being shot?" (paraphrase)
Squirming in handcuffs.
pods
"So you're saying I'm not getting paid back? "
Sure you are.
Just at a very high negative rate of interest.
Now, get into the van quietly so we can go ask some questions at that big windowless building in the lonesome industrial park with the well manicured lawn...
Sure, your wife can come, too...
Perhaps you can get a lien on their assets. I bet the ARs used in this would fetch a pretty penny at auction.
While we're on the subject... so what did the 28K go for anyway? The guns, accessories, ammo, Big Lots Christmas lights, and everything else on the FBI's seizure list wouldn't have set them back more than 5K on the high end. Where did the rest of it go?
He took $10k cash and made three $5k deposits to his mother.
Hookers & Blow.
I'm not sure what the fuck he is trying to say.
They used an online loan service. So what?
I still don't know if it was these 2 or the 3 white guys.
Ummm, lemme see, nope, the default insurance you bought for $14.99 has the terrorism exclusion clause so you are SOL.
Leave it to the bankerz to point out "what happens when you cut out the middleman"...TERRORISM!!!!By GOD!!!TERRORISM!!
Let me guess, before heading out, the terrorists checked up on ZH, crafted body vests our of gold and silver bullion, bartered unpasteurized milk for guns and hired an Uber driver to get to their destination. Did I leave anything out?
Looks good to me!
They put some rainwater they had collected into sports bottles in case they got parched.
Check this legitimate ways to mak? money from home, working on your own time and being your own boss... Join the many successful people who have already used the system. Only reliable internet connection needed, no prior experience neccessary, that's why where are here. Start here... www.wallstreet34.com
Check with L.Big Daddy
Bullshit. Who funded the Active Shooter Drills? That's what we want to know.
Live long and prosper!
HAHAHAHA!
https://www.youtube.com/watch?v=0PEuwObjEOs
Freudian slip?
Shaddup...
This story is popping rivets faster than 30 year old aluminum dingy, LMAO!
The management that is staging these events is on par with available government talent.
No its not. Well... maybe to the tin foil hat community.
I'm sure Alex Jones has shit his pants and convinced a million tin foilers to buy a new "doomsday backup generator" of this new new new false flag revelation...
Lol... thanks for the free comedy...
Not sure who Alex Jones is, but I suggest if you don't like what he says, don't waste your time listening to him.
Hes' this overfed guy on Comedy Central. He has a large following (he says more than all other media combined) and they have a great time talking about rebranding Texas and putting Chuck Norris in as the Supreme BadAss. They also are experts on Aliens, the Denver Airport and of course, mysterious planets showing up and wreaking havoc. Duh. He will tell you all about it but you must first buy a "mystery planet survival kit" which includes a DVD player with all his past shows, a popcorn maker (avail in multiple colors but camo is the best seller) A massive roll of 2 ply industrial grade aluminimum foil and of course a radio beacon bacon finder (just in case)
It's great fun. You should look him up. I guarantee you will be hooked and join his "largest media empire in the Universe" ! I guarantee it.
This is Alex Jones.
If you are listening to this broadcast, you are the resistance.
You sure seem like a fan of his, congrats on that, but after the 'markets' close today, I choose to do something useful with my time like chop firewood, or take the dogs for a swim.
Don't want to get involved in conspiracies, but the Chechen Chicago bombing was very 'leaky' And? And nothing. Nobody remembers the damn thing. Even if there was some foul play from someone high up in this, who'd even care?
How would the landlord have known?
If it was real, the circumstances could make the unit harder to rent.
BTW, one of those videos of the reporters marching around in the apartment showed a couple of them walking across a prayer rug with their shoes on. The rug looked mostly black to me. In Persian rugs, the color black represents Mohammed.
Those reporters may want to duck and cover. Some muslim may take offense...or Loretta Lynch.
In the comments there is a person that states this video is actually 2 clips, with a minor portion edited.
The clip starts with the landlord answering a question. You don't actually HEAR the question.
Until the full clip with the question and answer surfaces.....this is a hack job.
" If you want to keep your P2P loan, you can keep your P2P loan. "
"Prosper allows people to invest in each other in a way that is financially and socially rewarding"
So what now? Prosper sues San Bernandino Police Department to get their investment back?
I'm thinking yes. Or the CIA, but good luck proving that case.
They seemed so 'moderate' on paper...
Who would have imagined that criminal ideologues and/or total nut-jobs would lie on the official forms pertaining to their interests and history?
I'm sure glad that the US State Dept. and assorted .GOV/ intelligence(?) agencies vet the foreign jihadists that they are pouring tens of millions of dollars in financial and military gifts a month onto as stringently...
Everything in 'moderation'..
Sharpen your doxxing skills gentlemen, identity theft seems like it just got a whole lot more profitable, and easier to get away with.
It's good to know that the NSA with all their funding and data collecting were right on top of this. Too bad they were reigned in. Hillary will fix that small problem for us.
If they hadn't just recently had some of those powers curtailed they would have nailed these bastards before they had a chance to go on their rampage. Swear to Allah they would have.
Heard somebody on the radio say withdrawing 10K in cash from your savings account should put up all kinds of red flags.
I'm like - what country IS this anymore?
Withdrawing $10k in cash from your account triggers IRS and all kinds of alarms which you can only placate via a long list of official forms.
It's been this way for a long time. We can thank drug dealers for stealing our civil liberties on this one...
Wake up, dude, unless by "drug dealers" you mean the CIA.
No dude, I mean Pablo Dunderhead type of drug dealers. But if you were from America, you'd already know that :-)
I don't think the drug dealers implemented the law which you are complaining about.
Why not actually try and shoot for the actual target, or are you NYPD?
pods
Why not try and make sense? Thats just a bunch of weirdly strung together words.
A HIGH PROFILE CASE LATELY HAS BEEN THE EX(?) SEN. HASTERT. THE FEDS GOT HIM FOR TAKING OUT EXTORTION PAYMENTS OUT OF HIS BANK ACCOUNT AT $9999.99(OR SOME SIMILAR FACSIMILE). THE DUMB FUCK THOUGHT HE WAS FLYING UNDER THE RADAR. NOT SO MUCH. BTW, THE EXTORTION PAYMENTS, LIKE MOST OF YOU PROBABLY KNOW WERE FOR A SERIES OF DICK SMOKING SESSIONS WHILE HE WAS A "COACH" IN HIS CLIMB UP THE LADDER OF SOCIOPATHIC SKILLS TO THE US CONGRESS. (sorry bout the caps, didn't want to go back and retype after i looked up. actually just fucking too lazy:)
It's been that way for years. If it's more than a few thousand in cash they're probably looking into you.
the real threshold is 3000 bucks. that brings the bells out. 9000 bucks begins to ring them.
Structuring -- a term we all should know.
https://en.wikipedia.org/wiki/Structuring
Stupid comments like this show this site is overrun with .gov workers.
It was just 4 days. If they still had the powers they would have nixed it.
This is just like when the dude mentioned "Black Briar" on a cellphone and alarm bells go off in Langley.
Such claptrap. NSA gathers intelligence for the masters to make the puppets dance.
"It's a penalty, err, tax, umm, penalty tax. It's all good, and I wear a black robe so believe me."
Every one of them is pwned, lock stock and barrel.
pods
I read about their structured cash withdrawls last night and was shocked. As a former banking type person I know I would have had to send several reports to the Fed and management should have been asking questions.
"U.S.-based militants by draining their bank accounts and maxing out credit lines before embarking on what they believe to be a suicide mission, knowing that they would not have to pay off the debts."
WHAT? I thought Sharia law forbids Muslims from using credit based products and traditional banking!
As long as its in support of furthering Islam and destroying the infidel the Jihadist's pretty much can break any "law" they want and still be in favor with Allah. At least that is the way the extremist Imam's spin it. They only break a law if they cause intentional harm to another true believer. Most of the extremist don't consider other Muslims true believers.
Exactly! It's all a big lie piled upon a bigger lie...
For years our banks have been making special home loans and checking accounts for muslims. No mortage interest!
Actually, there is a way around that.
Ann Barnhardt explains --
http://www.barnhardt.biz/the-one-about-sharia-finance-blankies-and-axe-b...
What? Got a link for that?
I guess the lenders won't be getting paid. That is the problem with Prosper and the like - you make ten loans of say $1,000 and one default wipes out your net. And there is no recourse.
Prosper just went tits-up.
You could only match the stated risk profiles if you spread out your $1000 across 100 loans not 10.
"whether the person who provided the funding was complicit in the plot or whether it was merely some innocent benefactor who bought the story that Farook posted (indeed, given his occuption as an employee of the state, he probably looked, on paper, like a good credit). "
Highly likely it was the latter.
Typically people fund multiple loans in small amounts to diverify their risk. Also, if you were some terrorist funder, why would you leave an obvious paper trail?
"draining their bank accounts and maxing out credit lines before embarking on what they believe to be a suicide mission, knowing that they would not have to pay off the debts."
That appears to describe the Wall St. regime to a tee, except they still think they're going to get away with it.
Oh you have to love how many targets they try to bundle up in each of these incidents now.
Crowdsourcing is a huge threat to their slave system, because it allows people to circumvent their pools of capital. These fucking morons think they need to stamp out absolutely everything that isn't in their direct control, and that will be their downfall. They will go crazier and crazier as time goes on.
Gold for terrorists, crowdfunding terrorists. lol, it's just too rich. Stupidist oligarchs ever.
I used to loan on Prosper. Why the hate for P2P? How is this any different than if they had maxed out out a credit card or gone to a loan shark? The lenders looked at their credit metrics (or a grade they may have changed how they do it), and decide if they want to loan. Such information as religious affiliation or country of origin is rightly excluded from information available to lenders.
Trump will fix this. S/
Trump said. “We have to see Bill Gates and a lot of different people that really understand what’s happening. We have to talk to them about, maybe in certain areas, closing that Internet up in some way. Somebody will say, ‘Oh freedom of speech, freedom of speech,'” he added, dismissing the objection with an arm wave. “These are foolish people.”
http://fortune.com/2015/12/08/donald-trump-bill-gates-internet/
poor Donald...so much good in his heart...so clueless about that internet thingy Al Gore invented....
Sure internet can be restricted but ...Bill Gates??? He made computers (and gobs of money and friends in high places).
What a convenient premise for banning cash and crypto-currency. Probably just a coincidence.
Well, if you ban cash AND crypto currencies -- then what is left? Gold coins? Aluminum siding? Turnips?
Joo bucks in the form of 1's and 0's
I'll take the turnips!
Steamed with lemon, then slightly salted, peppered and buttered.
Ammo.
Do you even know how to read?
' Prosper then sells the loans off to investors. '
I think this one's going to be a tough sell.
Wait for it:
"My fellow Americans, an unregulated and unaccountable electronic payment system is as dangerous as privately-owned firearms. In order to keep AmeriKa safe, in order to protect AmeriKa's children, in order to keep the freedom and liberties we hold so dear, I am directing the United States Treasury to take control of Bitcoin. Furthermore..."
Yea because Bitcoin is 101% safe and nobody has ever lost any money using it...
Goldman Sachs is trying to patent Bitcoin tech, so it makes sense. There's a growing, scurrilous history of taking public domain projects private these days.
I'm sorry, but that is one ugly woman. Sorry, but shes damned ugly --EVIL ugly -- in every possible way.
WAS ugly...............................