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Sun Nov 11, 2012, 05:15 PM

just donated a small amount, this is Very-Cool !

The People’s Bailout


This is a long post but it’s about something pretty interesting so I hope you’ll 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 you’re a debt broker, once you own someone’s debt you can do whatever you want with it — traditionally, you hound debtors to their grave trying to collect. We’re 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. That’s 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.

We’re kicking things off with a show called THE PEOPLE’S BAILOUT at Le Poisson Rouge on Thursday, November 15. It will also stream online, like a good ol’-fashioned telethon!

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Reply just donated a small amount, this is Very-Cool ! (Original post)
4 t 4 Nov 2012 OP
Fire Walk With Me Nov 2012 #1
salin Nov 2012 #3
DaniDubois Nov 2012 #2
4 t 4 Nov 2012 #4
kestrel91316 Nov 2012 #5
4 t 4 Nov 2012 #6
4 t 4 Nov 2012 #7
4 t 4 Nov 2012 #8
4 t 4 Nov 2012 #9

Response to 4 t 4 (Original post)

Sun Nov 11, 2012, 05:18 PM

1. 'Ain't no power like the power of the people 'cause the power of the people don't stop!

 

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Response to Fire Walk With Me (Reply #1)

Sun Nov 11, 2012, 05:46 PM

3. fantastic initiative.

an pay it forward movement with exponential effect!

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Response to 4 t 4 (Original post)

Sun Nov 11, 2012, 05:19 PM

2. I'm very interested. Is there a link?

 

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Response to DaniDubois (Reply #2)

Sun Nov 11, 2012, 05:47 PM

4. here you go

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 ...

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Response to 4 t 4 (Original post)

Sun Nov 11, 2012, 06:04 PM

5. Actual link:

http://rollingjubilee.org/

It's a project of Strike Debt: http://strikedebt.org/

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Response to kestrel91316 (Reply #5)

Sun Nov 11, 2012, 07:10 PM

6. same difference, but thanks!!

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.

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Response to 4 t 4 (Reply #6)

Sun Nov 11, 2012, 07:38 PM

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

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Response to 4 t 4 (Reply #7)

Sun Nov 11, 2012, 08:11 PM

8. here is a way to maybe start to get away from them- Do this and stop posting about them

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?

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Response to 4 t 4 (Original post)

Sun Nov 11, 2012, 08:48 PM

9. du please keep this k&r

we could help countless people!!

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