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Submission + - Occupy Wall Street's Rolling Jubilee to Bail Out the People (businessinsider.com)

Quince alPillan writes: Occupy Wall Street has a new plan for helping the 99%. They've set up an old-fashioned telethon they're calling the Rolling Jubilee to buy up bad debt with donations and then forgiving the debt outright. As a test run, they set themselves up as a debt collector and they were able to use $500 to buy $14,000 worth of bad debt, which they then forgave. The telethon will be held at the Le Poisson Rouge on Thursday, November 15. It will also stream online.
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Occupy Wall Street's Rolling Jubilee to Bail Out the People

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"Necessity is the mother of invention" is a silly proverb. "Necessity is the mother of futile dodges" is much nearer the truth. -- Alfred North Whitehead

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