America's big banks are still deeply hesitant to lend money to most ordinary folks. But in the year's since the financial crisis knocked the legs out from under us, an alternative borrowing option has been gaining ground: peer-to-peer lending.
The Atlantic Ocean is wide, but maybe not wide enough. On Thursday, markets had a mixed reaction to the deepening economic crisis in Europe. Some sources reported that the European Central Bank would step in. But in the U.S., small business owners are growing nervous.
Former Federal Reserve Chairman Alan Greenspan said that the recent slowdown in economic indicators is most likely temporary. "It's more than likely a pause in the usual cyclical pattern," Greenspan said in an interview.
