Prosper’s “Quiet Period” Hits 6 Month Milestone
UPDATED: PROSPER SHUT DOWN. (May 9, 2009)
It has now been six months since Prosper’s self-imposed “quiet period” commenced on October 14, 2008.
Since we have not seen any evidence of the “quiet period” being a condition imposed by any regulatory body, cynics would suggest that the “quiet period” is little more than a mechanism to give Prosper a plausible excuse to sanitize their blog/web site, avoid answering difficult questions and attempt to keep from digging their current hole even deeper by information being disseminated by non-lawyers.
As has been the case for years, the most balanced discussion related to peer-to-peer lending on Prosper takes place at Prospers.org.