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.

6 months ago 120 notes View comments
Tagged with:  #Occupy Wall Street  #Rolling Jubilee  #debt  #Strike Debt  #news
  1. equalsher reblogged this from nationalpost
  2. ufamnesty reblogged this from relativejunkie
  3. illegitiminoncarborendum reblogged this from nationalpost
  4. alfredcernuto reblogged this from nationalpost and added:
    There you go
  5. blue-steak-and-red-wine reblogged this from m-i-s-u and added:
    I have a real problem with this kind of thing. Too many people are in serious debt because they choose to live beyond...
  6. 66orangefrogslovebacon reblogged this from stillhidden
  7. utterlychangedintofire reblogged this from nationalpost
  8. colorfulnicotine reblogged this from nationalpost
  9. ohwasteland reblogged this from thedevilontheradio
  10. justicepanther reblogged this from nationalpost
  11. snyderly reblogged this from nationalpost and added:
    Amen and let it be.
  12. quadrinhosetc reblogged this from fumettidccomics
  13. liketheopensea reblogged this from nationalpost and added:
    Rolling Jubilee: How Occupy Wall Street aims to bail out the 99% by buying and forgiving debt
  14. switchbladekiller reblogged this from ohiogurl
  15. ohiogurl reblogged this from stillhidden
  16. b-b-b-bonbon reblogged this from nationalpost
  17. theparadigm reblogged this from nationalpost and added:
    A great plan and very worthwhile cause...donate any extra money to. If you donated $50, it...
  18. occupywallstreeet reblogged this from nationalpost
  19. whynick reblogged this from thedevilontheradio
  20. eclecticreplicant reblogged this from nationalpost
  21. fuck-the-common reblogged this from thediaryofsecnarf
  22. unfinite reblogged this from nationalpost
  23. thediaryofsecnarf reblogged this from nationalpost
  24. fuckyeahbrohan reblogged this from nationalpost
  25. cherrycherryy reblogged this from nationalpost
  26. floweredsoul reblogged this from sachelledeline
  27. sachelledeline reblogged this from nationalpost
  28. mooonnnmannnn reblogged this from nationalpost
Blog comments powered by Disqus