Lending Club can often be referred to as a peer to peer lender; however this isn't how it acts. Lenders don't give out loans they have no money for. As an aside, notice that deposits at the Federal Reserve cannot be lent out in the form of home loans and the like. Therefore it isn't true that Lending Club will disturb by eliminating financial intermediates in the transactions between buyers and sellers.
Lending Club can often be referred to as a peer to peer lender; however this isn't how it acts. Lenders don't give out loans they have no money for. Therefore it isn't true that Lending Club will disturb by eliminating financial intermediates in the transactions between buyers and sellers.