Other than a brief flirtation with the Draft Gore movement I have stayed away from my political views on RL, but I am afraid I can no longer stay silent. I am an off the deep end libertarian who believes that Clinton proved to be an awesome president (in terms of free will, government staying out of personal life, and fiscal responsibility.) My other political concerns are the environment, trade deficit, our dangerous reliance on foreign oil (boo swift boat campaign but yeah wind, solar, and natural gas as our way out of the problem. I have a love/hate thing with T Boone Pickens), modern copyright law, and privacy rights. (in terms of both privacy and copyright Joe Biden is less than ideal as a VP choice with his support of FBI wire taps and support of the RIAA and MPA, but at least he understands the issue even if I disagree with him… and yes that was a Palin and McCain dig.)
Can you believe that Pennsylvania’s law makers do not believe the citizens of the great state of Pennsylvania have the where with all to do with their money as they see fit (see Prosper Blog post: Lenders residing in PA).
I can barely even imagine someone telling me what I should do with my hard earned money. If I choose to help my fellow American by extending credit to them, why on earth should I not be allowed to? (I don’t believe in protectionism borrowing rates either aka state rate caps, but I think there is at least something to debate on that front.)
Don’t even get me started on how bailing out the greedy PRIVATE corporations (AIG et al) with PUBLIC money only encourages further GREED. (AIG turned down on the table offers prior to the government bailout. Why? They thought they could get a better deal from the government and they were right.)
So what can a Pennsylvania “Lender” do?
- The most obvious thing is to email, phone, and mail you state legislator and Governor. The PA government needs to know that the citizens of PA think it is ridiculous that they are being told that they cannot invest in their fellow American.
- A slightly less copacetic way around the problem is to use an alternative address other than you PA address. Do you have a vacation home? Maybe Earth Class Mail?
Please understand, I am not an anarchist and I do not believe in subverting the government. I do believe in fiscal responsibility, individual rights, and the freedom to spend and invest your money as you see fit.
PA get a grip! You are a presidential battle ground state. Do you think your citizens cannot think for themselves and make their own choices?
Related Posts -
Prosper.com and Quicken -- The workable solution for playmates that don't get along. Prosper.com and Quicken (or Money) do not play nicely. In fact, they can be downright burdensome to make them bridge the gap. Here I present my workable solution, but this should be addressed by Quicken, Money, and Prosper.com  The heart of the problem is that Quicken doesn't understand the Prosper.com model... Sure...... - Happy Anniversary from Prosper Today I was notified that I have reach my 1 year Prosper anniversary. Prosper sent the nice email below... Dear Kevin, Happy anniversary and congratulations on your 1st year with Prosper! Thank you for being a valued member of our community and for helping to make consumer lending more financially......
- Prosper.com Lenders Unite: Where is our Interest? First of all, I love Prosper.com. It is a great idea (person-to-person lending, breaking the loan apart into smaller chucks to diversify, credit checks, etc.)... BUT, that fact that a lenders money doesn't earn interest is ridiculous. Once money (it takes 4 business days) is in Prosper.com account interest is not earned. ......
- Prosper.com Lender Game — Retireme99 Initial Update — 10.16% to 14.88% Retireme99 wrote his own intro: I started lending in May 2006... let the money sit for awhile to see how it worked... then got back into it more actively recently. Looking at my results I have been happy that only two loans have gone 1+ months late. I have another......
- ProProsper Releases Prosper.com Listing RSS Feeds Today ProProsper released 3 RSS feeds: Prosper.com underappreciated listings, Prosper.com 1Â sigma listings, Prosper.com 2 sigma listings, Prosper.com 3 sigma listings, and Prosper.com homeowner listings. Under appreciated listings are AA-E credit grades with an interest rate greater than weighted average with the percent funded < 20% with 5 days remaining, <......
Related Websites - Lots of cancelled loans on Prosper.com? For those of you who are lenders on Prosper.com: Have you noticed that listings are get cancelled more often after they are completed?Maybe I'm just hitting a run of bad fortune and having my money tied up for a week or so while Prosper.com tries to close the loop with......
-
Big Banks Approaching the TARP Exit Ramp - DealBook Blog, NYTimes.com Decision day may be close at hand for big banks seeking to exit the government’s $700 billion Troubled Asset Relief Program. A number of financial institutions, including Goldman Sachs, JPMorgan Chase and Morgan Stanley have made no secret of their desire to leave TARP and its restrictions on dividends and...... -
LendingClub.com Launches New Social Lending Service to Compete with Prosper Just over a year ago, Prosper.com broke down paradigms about traditional money lending practices. Instead of heading down to the local bank or credit union to get a loan, people were able to loan each other money en masse through Prosperâs lending service bypassing the banking system all together. Unfortunately...... - Prosper.com Review: A Review of the Prosper Marketplace Prosper.com, also called Prosper Marketplace, is a service that is part of the emerging peer-to-peer lending industry which facilitates the lending and borrowing of money between its users. How it Works: Prosper, Lending Club, Zopa and other firms around the world are sidestepping the banking industry by creating an alternative......
- Welcome to Prosper Week For the rest of this week, I'm going to focus on peer-to-peer lending via Prosper.com. I think I just heard a groan from most of my readers. Please stick with me, there's lots beyond Prosper.com itself. Why put a week into Prosper.com? Simple because I believe it is the best......
- Philadelphia Pennsylvania US State, Town Views Postcards Collectibles
- Pennsylvania US State, Town Views Postcards Collectibles
- Pittsburgh Pennsylvania US State, Town Views Postcards Collectibles
- Government Advertising Collectibles
- Forest Service Government Advertising Collectibles
Categories:
Prosper.com
Tags:
3 comments ↓
it’s hard to object to the government’s mass bailouts from a historical standpoint since similar debt-producing methods were put into action to save the U.S. from the Depression; maybe we’re really socialists at heart and don’t want to admit it…
The government is going to make out like a bandit on AIG – I think they are ahead by $15B since they picked up 80% of AIG for a song.
@Eric
You are probably right on AIG. But is it a government’s job to make such choices with public funds?
What abut the 1/2 trillion we are all on the hook for now?
I think we are capitalists not socialists. This isn’t Russia! Is this Russia?
By bailing out AIG and others we encourage further handout requests. So they take risks and make money when they payout but taxpayers take the losses.
Leave a Comment