Occupy Wall St Says 'Rolling Jubilee' Raises Enough to Abolish $6 Million in Debt
http://thinkprogress.org/economy/201...illion-in-debt
http://rollingjubilee.org/
OCCUPY WALL STREET’S ‘ROLLING JUBILEE’ RAISES ENOUGH TO ABOLISH $5 MILLION IN DEBT | Members of Occupy Wall Street last week announced the formation of “Rolling Jubilee,” a fundraising campaign that would be used to purchase outstanding debt and then abolish it. And as of Friday, the campaign has already raised enough to eliminate more than $5.7 million in personal debt, according to its web site. The group’s plans are to buy outstanding debt from financial institutions for a small price, but instead of collecting on the debt, it will forgive it in order to relieve student loan, medical, and other forms of debt. |
