General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsjust donated a small amount, this is Very-Cool !
The Peoples Bailout
This is a long post but its about something pretty interesting so I hope youll indulge
Like many folks, Occupy Wall Street has been some doing good work in the aftermath of Hurricane Sandy, helping people on the ground.
Now OWS is launching the ROLLING JUBILEE, a program that has been in development for months. OWS is going to start buying distressed debt (medical bills, student loans, etc.) in order to forgive it. As a test run, we spent $500, which bought $14,000 of distressed debt. We then ERASED THAT DEBT. (If youre a debt broker, once you own someones debt you can do whatever you want with it traditionally, you hound debtors to their grave trying to collect. Were playing a different game. A MORE AWESOME GAME.)
This is a simple, powerful way to help folks in need to free them from heavy debt loads so they can focus on being productive, happy and healthy. As you can see from our test run, the return on investment approaches 30:1. Thats a crazy bargain!
Now, after many consultations with attorneys, the IRS, and our moles in the debt-brokerage world, we are ready to take the Rolling Jubilee program LIVE and NATIONWIDE, buying debt in communities that have been struggling during the recession.
Were kicking things off with a show called THE PEOPLES BAILOUT at Le Poisson Rouge on Thursday, November 15. It will also stream online, like a good ol-fashioned telethon!
Fire Walk With Me
(38,893 posts)salin
(48,955 posts)an pay it forward movement with exponential effect!
DaniDubois
(154 posts)4 t 4
(2,407 posts)Please keep this k&r This is really Us- The People !
Rolling Jubilee
rollingjJubilee.org
Rolling Jubilee is a network of debtors who liberate debtors through mutual aid. We legally buy up debt for pennies on the dollar. then instead of collecting it, we ...
kestrel91316
(51,666 posts)4 t 4
(2,407 posts)This site doesn't officially launch until Nov 15th but I think it is well worth looking into . This is something that has come about by everyday people and that is exactly who it will help. How can you not support that? This is a bit revolutionary-don't you think?? We Can take back our future.
4 t 4
(2,407 posts)even though the launch isn't till Nov 15. Please help, don't you understand this is -OWS- , they deserve our help at the very least! This is you if your not a republican. This is a start to turn it around and take it back. This is the opposite of those Corporate welfare queens . Just one thing of many we have a chance to do in the next 4 years. We can reverse the tide of these fuckers that have put us in the place of blame. The 47% that won't take responsibility -YEA RIGHT! Like we wouldn't give Anything to have a fair chance again. This is not just another idea or bullshit cause - they are doing this and it is working, please support. This comes from ows if that isn't enough of a grass roots movement by the people you don't belong on this website!!! P.S. New Dexter on tonight @ 8pm ct
4 t 4
(2,407 posts)ME:
7. They are accepting donations now
even though the launch isn't till Nov 15. Please help, don't you understand this is -OWS- , they deserve our help at the very least! This is you if your not a republican. This is a start to turn it around and take it back. This is the opposite of those Corporate welfare queens . Just one thing of many we have a chance to do in the next 4 years. We can reverse the tide of these fuckers that have put us in the place of blame. The 47% that won't take responsibility -YEA RIGHT! Like we wouldn't give Anything to have a fair chance again. This is not just another idea or bullshit cause - they are doing this and it is working, please support. This comes from ows if that isn't enough of a grass roots movement by the people you don't belong on this website!!! P.S. New Dexter on tonight @ 8pm ct
YOU:
WTF? FUX with News advertises on ESPN?
I just saw an ad on ESPN for Bill O'Really, Sean insHannity, and Greta van Blusterin's shows on FOX News. Is there any way to get away from them, are they literally everywhere now? Why would ESPN even let them advertise, wouldn't that have the potential of hurting ABC/Disney stations?
4 t 4
(2,407 posts)we could help countless people!!