Mugs game, this fractional reserve banking model is !

That’s what P2P marketplace lending has sussed out, and finds a organic sweet spot with lenders and borrowers. Disintermediating traditional banking and risk taking by bankers. Even though the borrowing rates are higher.

At a macroeconomic level there is lower leverage, debt per head, and debt:GDP and the economy not headed for another 2008 tailspin.