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In reply to the discussion: Brilliant. Positively BRILLIANT. [View all]JimDandy
(7,318 posts)35. Not quite the right analogy.
The garage sale painting potentially has a higher value unrecognized by the seller, whereas the debt is a known, fixed amount (not including possible interest and court and attorney fees) recognized by both the seller and buyer.
I agree though that they need to be stealthy about buying the debt so that the cost to buy it doesn't increase.
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WHOIS? But it does not tell us who the money is sent to = joker.com ??? ablog.org ??
Coyotl
Nov 2012
#12
Warren Buffet wants to give all his money to charity well how bout helping the 99% get on their feet
bkkyosemite
Nov 2012
#28
Just sent off an email asking similar questions and expressed concerns on transparency and
nc4bo
Nov 2012
#13
It appears that the Rolling Jubilee is a wing of the Strike Debt movement.
Barack_America
Nov 2012
#15
David Rees (the Get Your War On guy) appears to be fielding questions...
Luminous Animal
Nov 2012
#16
+1. This has my cautious K&R. Hope we get some answers and transparency soon... nt
riderinthestorm
Nov 2012
#24
Most of us WANT to stand on our own two feet. LEARNING from mistakes, hint hint, makes that possible
patrice
Nov 2012
#19
U.S. invest in us! Grow small businesses & mass transit, & ed. with Jubilee, & we should have
patrice
Nov 2012
#21
How is "debt" "sold"? Is it on the open market? Won't the typical buyers-of-debt just bid higher?
yodermon
Nov 2012
#29
Good idea and we also need to work on the most common cause of debt. Hospital bills.
jerseyjack
Nov 2012
#38