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A comment on Bank Underground, the blog written by Bank of England staff.

Re:Bank Underground, the blog written by Bank of England staff by jsprogrammer on Thursday May 05, 2016 @12:45PM (#11637678)
The top post [0] leads with a factually incorrect assertion:

>Peer-to-peer lending platforms (P2P platforms) emerged after the financial crisis by catering for pent-up demand for unsecured borrowing from individuals and small businesses.

Prosper was started in 2005 and the article's primary example, Zopa, started in 2004.

[0] https://bankunderground.co.uk/2016/05/03/the-growth-of-peer-...

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Re:Bank Underground, the blog written by Bank of England staff by jonwachob91 on Thursday May 05, 2016 @01:06PM (#11637893)
Maybe they are referring to the Tech bubble of the early 2000's? Kinda of a stretch but still possible...
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Re:Bank Underground, the blog written by Bank of England staff by jsprogrammer on Thursday May 05, 2016 @02:50PM (#11638774)
Vague terminology is vague. The article was written in the last month (presumably); referring to 2000 as "the financial crisis" would be supremely dishonest given what we have experienced since then.

I get that banks provoke regular crises, so there are many that could be referred to, but I can't imagine this article was referring to the 2000 tech bubble.

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