Quote Originally Posted by AndyYSCISOdept View Post
Apparently so because this(dishonest business practices) seems to happen a lot.

It's getting worse. They investing Cirrix Capital, a fund that buys their loans. The fact the Renaud and John Mack didn't dislose their individual ownership stakes in this fund to the board is a big deal.....

LC actually provided CREDIT PROTECTION to this fund! Brazen self dealing!

So hey investors, I'm lending club, please buy these notes without credit protection.

So hey fund that I own, I'll give you credit protection against our lousy underwriting to buy these loans so we can growth our origination......

Are you kidding me?