Summary: I have to admit: investing in peer to peer loans didn't initially appeal to me. I thought it would be hard to assess the risk in lending to individuals -- after all, that's what banks get paid the big bucks for, right? But 5 years after Lending Club launched its website, the firm has pioneered a whole industry, not just to say a new asset class. There have been over $1B in loans underwritten and investors like me are now using p2p loans as a core holding in the fixed income part of their portfolios. Founder Renaud Laplanche joins me on Tradestreaming Radio to talk about how the p2p loan industry cures some major inefficiencies in the market for capital, does a better job sizing up and personalizing risk, and how his firm and industry might just eat the banking system's future lunch. ***Thanks for joining us on Tradestreaming Radio -- I'm very grateful for your time. It's awesome learning about these new tools and technologies together. If you're listening to this episode on iTunes, please give it a ranking and rating so that others know of the value you're finding in it. Thank you ahead of time.****
