I’m disatisfied with Prosper, primarily because I was unaware of the tax impact. I made loans at high interest rates, expecting high defaults, but because the interest is taxed at a higher rate than the losses, the net works out very unfavorably. It seems to me that it would have been fairer to report interest net of defaults.

How does Ericscc fund itself. I don’t need the specifics because it is really your business. But it strikes me that your users are benefiting from your work (very good work, I add) without supporting the site.

Perhaps an answer to this question might make a good blog post.

Thanks