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Colin Henderson's Library tagged HBR   View Popular

07 May 08

Here Comes the P2P Economy - Harvard Business Online's Conversation Starter

Just located the entire HBR article online with no subscription required

conversationstarter.hbsp.com/...ere_comes_the_p2p_economy.html - Preview

harvard business review clblog HBR p2p

  • It is only a matter of time before these digital systems close the arbitrage enjoyed by large banks, which lend at up to 15% interest but pay only about 5% on capital. Why do business with a bank when your network’s lending and savings interest rates are both 7%? To grasp the power of such a system, imagine your local credit union with the membership and social networking capabilities of MySpace.
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