I think for the borrowers, it's pretty beneficial: you get to establish how much you want to borrow, and what terms you think strike the right balance between interest that will attract investors and rates you can accept.
For lenders, I think the jury is out more: it can be fairly risky and the rates of returns may not be good enough to justify the risk when compared to other investment options, at least for the riskiest borrowers.
Message Edited by watchnerd on 04-23-2008 08:48 AM
