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It was a $500 fraction and it's been getting chipped away at fairly quickly.  At this point, we will either have 1 or 0 loans at the next release. 

Could this be the new normal in the short term, where loans post, they're eaten up, and then LC has nothing to show people?  It seems if that happens with any degree of regularity they're almost going to have to make some sort of adjustment just so new people to the site don't think it's broken.

As I write this, there are 8 loans total on Lending Club.  5 are over 90% funded.  Will LC sell out tonight?  It seems likely!

edit: Lending Club sold out of all loans on its platform early morning on 8/24/2013!  However, it looks like there may have been a technical glitch as a number of loans appeared later that morning that were known to have been previously listed.