The Michigan Daily - michigandaily.com LOANS From page 1A transactions. This fall, the Lending Club also launched a public, inde- pendent website offering the same services. The company profits from all of its loans by charging a 1 percent processing free on all borrowing and lending transac- tions. Renaud Laplanche, founder and CEO of the Lending Club, said his company's network-based lend- ing services will cultivate bonds between borrowers and lenders, which will make borrowers feel more compelled to repay their loans. "As a person-to-person lender, we're creating a network where people will feel connected while also reinforcing accountabil- ity on the part of the borrower," Laplanche said, To use the Lending Club, bor- rowers submit loan requests, which the company matches a with lenders from similar social networks or communities. Often times multiple lenders will be matched to fund a single loan request. For example, Laplanche said a $5,000 loan request could be matched with 50 separate lenders all contributing $100. The Lending Club's website lists its borrowing rates at about 7 percent and lending rates at about 12 percent. According to the its website, the company doesn't guarantee any of its loans. Sigler said the Lending Club's social network idea could help University graduates take advantage of resources other alumni might be willing to share. "If you're a new graduate look- ing to buy a new car or borrow to have a down payment to buy a house, this might be the kind of program that would allow you to do something like that in a way that might be beneficial," Sigler said. Sigler said the Alumni Associa- tion will continue to monitor the development of the Lending Club. "We'll see what the response is and look at the possibility of an expanded relationship going for- ward," Sigler said. Jeff Mirmelstein, who gradu- ated from the University with a bachelor's degree in business in 2005, said in an e-mail interview that he thought the Lending Club offers a good opportunity for alumni looking to borrow but isn't sure about the company's lending rates and whether he would use the company to lend money. "While the Michigan bond - no pun intended - is a strong one, the investments and loans have to make financial sense," said Mirmelstein, who works at an investment bank in New York. Ultimately, Mirmelstein said when it comes to looking for a loan, he would, above all, try to find the lowest rate on the mar- ket. "If it's from a fellow Wolverine, great," Mirmelstein said. "If not, that's fine with me too." ROMNEY From page 1A liani's have fallen. Someone handed Romney a Michigan State Spartans T-shirt, which he held up for the crowd before starting to shake hands. A person in the crowd asked him his prediction for the game. "One of the Michigan teams is going to win," he said, smiling. People swarmed around him, attempting to shake his hand or take a picture. A Michigan State fan walked around the crowd yelling, "He's a Spartan fan. All you Michigan fans back away." But Romney never made his loy- alties clear. Someone near the back of the crowd kept yelling "Blue or Green?" Romney didn't answer. LSA senior Amy Drumm, chair of the University of Michigan chapter of Students for Mitt Romney, which helped organize the tailgate, said she was hoping the event would have been more of a joint tailgate for Michigan State and Michigan fans, but she said she was happy with the turnout anyway.Aboutl15University of Michigan students from Students for Mitt Romney and the College Republicans came to the tailgate. Romney has strong ties to Michi- gan. Hegrewup in Bloomfield Hills. His father was governor of Michi- gan from 1963-69, and his brother is on the MSU Board of Trustees. Romney, though, got his educa- tion outside thestate. He hasdegrees from BrighamYoung University and Harvard Business School. Just like elsewhere on the cam- paigntrail, Romney's Mormon faith was an issue in East Lansing. A student wearing a Michigan State T-shirt wandering past yelled out, "I prefer my president to only have one wife." The student was referringto The Church of Jesus Christ of Latter- Day Saints's past support for plural marriage. The church banned such marriages in 1890. Mitt Romney is married to Ann Romney, who also grew up in Bloomfield Hills. A cluster of students - some from Michigan State and some from the University of Michigan Monday, November 5, 2007 - 7A - milled near signs advertising $2 tickets for a raffle of a football signed by Michigan State football coach Mark Dantonio and a basket- ball signed by the Michigan State basketball team. The proceeds ben- efited the Michigan State College Republicans. Most students wore T-shirts and stickers supporting Mitt Romney. While the students waited for Romney, a plane flew overhead with a flag that read "Ron Paul for Presi- dent '08." Paul, a Republican Texas congressman mounting a long-shot bid for the White House, drew a large crowd to the Diag last month. Seemingly out of nowhere, a group of people appeared carrying Ron Paul signs and stickers. They stood in back of the crowd, holding the signs over their heads. A man in an Appalachian State sweatshirt with a Ron Paul sticker on his back attempted to engage the fringe of the crowd in conversation. "You can't silence freedom," he said. Romney worked his way through the mass of people before veering off to visit another tailgate. the michigan daily CAMPUS REALTY. NOW taking Now leasing for reservations for 08-'09. Stop by our office for a full housing brochure. 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Visit www.omaisa.com or email bwsnyder2000@yahoo.com Daily Classifieds serving the UofM yOU'Ve community for been hundreds upon served hundreds or so years., For Monday, Nov. 5, 2007 ARIES (March 21 to April 19) "It was Monday. It was Monday all day." Life feels like that for you, espe- cially at work. Co-workers are touchy. This means you have to be patient. TAURUS (April 20 to May 20) Romance can go south today. Be patient with romantic partners and also with children. Don't worry if plans for vacations are dubious. Hang in there. GEMINI (May 21to June 20) Power struggles with partners about domestic matters are likely today. However, you can use the same energy to clean up clutter at home and make things look better. CANCER (June 21to July 22) You have wonderful ideas about how to make improvements. Unfortunately, others might not agree with you. They might not even listen. (There are none so deaf as those who are wearing head- phones.) ILEO (July 23 to Aug. 22) You might feel a bit obsessed about trying to buy something today or, con- versely, trying to earn money in a certain way. You just can't shake your ideas because you're convinced you're right. VIRGO (Aug. 23 to Sept. 22) Your approach to anything today is a bit obsessive-compulsive. You're like a dog with a bone, and you can't let go. Plus, you want to have your own way. LIBRA (Sept. 23 to Oct. 22) You're determined to get to the bottom of something. You might even think that someone is keeping/a secret from you. If so, you'll find out what it is. SCORPIO (Oct. 23 toNov. 21) Friends and groups might be a bit pushy today. (You're not impressed.) However, be careful, because you might be the one who is being pushy. SAGITTARIUS (Nov. 22 to Dec. 21) Don't disagree with bosses, parents or authority figures today. You will only arouse more opposition to you. It's prob- ably heal if you sit this one out. CAPRICORN (Dec. 22 to Jan. 19) Avoid political and religious argu- ments today. You're convinced you're right, but so is the other party. No matter how loud you shout, you'll just be talk- ing to the hand. AQUARIUS (Jan. 20 to Feb. 18) Others aren't willing to share today. In lact, you're not willing to share much either. People are too quick to draw a ine in the sand. (Everyone is a bit rigid today.) PISCES (Feb. 19to March 20) Be patient with partners and close friends. If you don't, you might have an argument. Who wants this? You don't. Therefore, cool your jets. YOU BORN TODAY You have deep feelings and inner powers. Although out- wardly calm, you are very intense. You have strong people skills and are an excellent networker. You like intellectual debates. In your late teens, you become more optimistic about life. Your year ahead will focus strongly on partner- ships, both the beginning of things and the end. 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