National Post

Rolling Jubilee: How Occupy Wall Street aims to bail out the 99% by buying and forgiving debtRolling Jubilee is a plan to use money pooled from donations to buy distressed consumer debt at marked down prices. Lenders often sell debts for pennies on the dollar to third parties who either try to collect on it or bundle it up for resale. But, instead of collecting it like a debt agency would, the group, known as Strike Debt, would forgive the debt.

Rolling Jubilee: How Occupy Wall Street aims to bail out the 99% by buying and forgiving debt
Rolling Jubilee is a plan to use money pooled from donations to buy distressed consumer debt at marked down prices. Lenders often sell debts for pennies on the dollar to third parties who either try to collect on it or bundle it up for resale. But, instead of collecting it like a debt agency would, the group, known as Strike Debt, would forgive the debt.

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  4. alfredcernuto reblogged this from nationalpost and added:
    There you go
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  9. snyderly reblogged this from nationalpost and added:
    Amen and let it be.
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    Rolling Jubilee: How Occupy Wall Street aims to bail out the 99% by buying and forgiving debt
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  15. theparadigm reblogged this from nationalpost and added:
    A great plan and very worthwhile cause to donate any extra money to. If you donated $50, it could potentially wipe out...
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  27. thedevilontheradio reblogged this from nationalpost and added:
    I like this idea
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