Comments on: The deal, and the catch A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: drewr Sat, 19 Feb 2011 04:08:50 +0000 The secondary market on Lending Club is not a market-for-lemons problem at all. The sellers in the secondary market see the same performance data as you and are no “closer” to the borrower than a prospective buyer. You don’t have a market-for-lemons without information asymmetry.

By: TFF Mon, 07 Feb 2011 01:16:51 +0000 “I doubt that 10% of Americans would be eligible to invest under these criteria.”

In 2007, more than 20% of income tax returns had an AGI in excess of $75k. And surely most of these households have $70k+ of financial assets.

There are also a significant number of retirees with less income but greater than $250k of assets.

I would guess that roughly 25% of households meet these criteria.