“How JP Morgan Chase is like Blockbuster Video”

In a recent lendingmemo interview, Lending Club’s CEO, Renaud Laplanche compares JP Morgan Chase to Blockbuster Video. We echo his sentiment and would also point out that we believe the banks are still over-leveraged, and under-capitalized from the 2008 hangover; face daunting new regulations; continued lawsuits, and focusing more resources on prop trading than on consumer lending.

Read the full article here: http://www.lendingmemo.com/lending-club-renaud-laplanche-interview/#!