Wall Street's Takeover Of Peer-to-Peer Lending Almost Complete

HFA Padded
Mark Melin
Published on
Updated on

Big banks are excellent at creativity and innovation, some of it a legitimate component of the business that helps the economy, and creativity in other areas has proven to be less than beneficial to the economy and market security. This includes finding and exploiting regulatory cracks and arbitrage opportunities, as a recent Financial Times piece observed, applying a sense of historical reflexivity to the recent dominance of the peer-to-peer lending revolution by banks and hedge funds. With peer-to-peer lending, sharp-eyed readers might feel a sense of déjà vu “Sharp-eyed readers might feel a sense of déjà vu,” Gillian Tett, U.S. managing…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.