With the Internet world, we can have people make both sides of the (lending) market, bringing more transparency and efficiency. It can be both more capitalistically efficient and socially beneficial.
More Quotes from Chris Larsen:
The Hispanic vote is going to be very key in the election.Chris Larsen
No-cost loans are pretty popular right now, especially for people with larger loans. The larger your loan, the smaller the penalty for no-cost loans.
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Until now, financial institutions have controlled who is able to obtain credit and the rates people pay. Over time, this one-sided control has bred inefficiencies and excessive margins -- leading to higher rates for borrowers, and restricting people who have money to lend from entering and generating income from this vital and lucrative market.
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Some people would say we're being overly-conservative. But I say we're being realistic for our first year planning.
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There are likely to be people who bid on certain loans because they want to support people they care about and can relate to. For example, a successful entrepreneur may remember the trials and tribulations of getting a loan to start her first business, and be instantly drawn to borrowers who are budding entrepreneurs.
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Based on Topics: Internet Quotes, World QuotesLife is made up of constant calls to action, and we seldom have time for more than hastily contrived answers.
Learned Hand
Did people think I sounded black? Totally, but that was a marketing tool as well, but also this is how I grew up and these are my influences.
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In politics the choice is constantly between two evils.
John Morley