I think that explains all the lending startups, they're not here for the long term but rather to become acquisition targets.

I do recall seeing something about Hester Pierce etc working on in-kind, fairly certian it'll happen by year end. From a macro-economics standpoint, I think it'll be necessary just to prevent a deflationary death spiral by boosting he money-supply in a way that doesn't hurt the real world with inflated real estate prices and PE multiples.