Jesus, I was finally added. Micon, I've had principal and interest for loans listed -- it's been that way since I started taking deposits in March. I made loans (back in January) before I took deposits, and have been returning deposits for months, now, because I dislike the risk. My deposit amounts have been decreasing, not increasing. Most lendees have verifiable forum names. My name, phone number, and address are about as public as possible without publicly posting my ID. It doesn't really matter if people are willing to pay more for short-term loans than what you consider reasonable - that doesn't make the lender a ponzi-operator. -But, knowing that (or ignoring it because knowing what you're talking about takes too long) and still listing what I do as operating a ponzi implies you are a lazy loud-mouth troll.... or a dullard. (or both)
Now, let's look at what your actions have done. Knowing Pat on a much more personal level (we talk daily -- almost everyone in the lending cartel talks daily with each other), I can vouch for him as an honest, hard-working person - intelligent in the field he works professionally, as well as in what he does on this forum. He's basically facing a run, now. I've been put in a similar situation (not related to depositors fleeing, but bad loans leaving me starved for working capital), where I've had to call in loans (voluntarily, for them) at a loss. Pro-rating interest and then also having them asked to return the funds early would be kind of obnoxious. Generally, lendees get to keep all the interest they would've otherwise paid, and just return principal, since we're grateful they returned principal at all, given we need it *now* to pay out depositors. If any financial institution on Earth were faced with depositors fleeing at the rate we've experienced the past month, they would've all crumbled. It's not because they're ponzis, but because they (and we) rely on consumer confidence. We need that trust, and we can't have 50% of deposits jumping out the window all within a few weeks, because it requires we liquidate our assets at a loss -- a big loss. Lenders now leaving the market may indicate they operated a ponzi (and just happened to be returning deposits in all cases of people involved with the lending cartel), but, more likely, I'd imagine it indicates they're deeply annoyed by a small handful of people waltzing around with a shit-brush and smearing it on their faces every day, do not enjoy working capital starvation through the exodus of depositors, and of course, have a lot of bad loans popping up because lendees were quietly using funds to put into a Pirate account. Negative trends take away that light at the end of the tunnel -- but maybe you're just weeding out people who jump too soon - Idunno.
Keep doing what you do until you feel better about yourself, though - I'll be sticking around with ya.
