Peertopeer lending. There are some credit qualifications on both sides. The bank that provides the credit evaluation is out of the mix. Is that a good thing or a bad thing . Society started off with the barter system before. The first bank was formed i think it is great. Innovation, the payment system, these are all innovations. If there is a market for it and they can do it efficiently and manage the credit risk, god bless them. Is it going to end in tears . With a set of problems emerging . Nothing is riskfree, particularly around money. Again, if people understand the credit risks they are taking. What really matters is getting your capital back first. Spoken like a true banker. I have a lot more questions, but no more time. [applause] new yorkird annual 20as festival, this is minutes. We have two very fun folks. We have andrew mcafee, who has one of the hottest books on the market right now. With david brooks, columnist for the New York Times. At our opening dinner, david gave a ri
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