google is now offically an ah loong...

[singham]

http://dealbook.nytimes.com/2013/05/02/google-to-invest-in-lending-club/

 

[bryanlim1972]

default rates in the US are around 25%.... good luck to google and the idiots who fund the club with their purchase of the 36 and 60 mth notes.

i wonder what the default rates are for those that borrow from the ah loongs...