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Agony

(2,605 posts)
37. http://rollingjubilee.org http://strikedebt.org
Mon Nov 19, 2012, 08:20 PM
Nov 2012

Rolling Jubilee

A bailout of the people by the people
Rolling Jubilee is a Strike Debt project that buys debt for pennies on the dollar, but instead of collecting it, abolishes it. Together we can liberate debtors at random through a campaign of mutual support, good will, and collective refusal. Debt resistance is just the beginning. Join us as we imagine and create a new world based on the common good, not Wall Street profits.

Learn more or contribute.

StrikeDebt
As individuals, families, and communities, most of us are drowning in debt to Wall Street for the basic things things we need to live, like housing, education, and health care. Even those of us who do not have personal debt are affected by predatory lending. Our essential public services are cut because our cities and towns are held hostage by the same big banks that have been bailed out by our government in recent years.

We are not a loan. Strike Debt came from a coalition of Occupy groups looking to build popular resistance to all forms of debt imposed on us by the banks. Debt keeps us isolated, ashamed, and afraid. We are building a movement to challenge this system while creating alternatives and supporting each other. We want an economy where our debts are to our friends, families, and communities — and not to the 1%.

Bookmarking for later. Thanks! Lucinda Nov 2012 #1
I wonder how they can afford to sell off the debt for such a fraction.... then I think about a 2on2u Nov 2012 #2
I've commented before that hospitals in general Puzzledtraveller Nov 2012 #5
Getting tin, paying for platinum, makes sense to me. n/t 2on2u Nov 2012 #6
They also took advantage of companies like GM, but the workers took all the blame. justice1 Nov 2012 #19
Also people without insurance PA Democrat Nov 2012 #14
It is written off by primary creditor, resold at a fraction to secondary credit market. SomeGuyInEagan Nov 2012 #32
Spam deleted by gkhouston (MIR Team) Dubster Nov 2012 #3
This is truly amazing to see sdfernando Nov 2012 #4
This is their killer app. mahatmakanejeeves Nov 2012 #7
I intend to donate. silverweb Nov 2012 #8
That's what I'm doing. The money I donated each month to political AllyCat Nov 2012 #31
^5 silverweb Nov 2012 #33
Wow. aquart Nov 2012 #9
I absolutely love this!! SalviaBlue Nov 2012 #10
Giddy! TheAmbivalante Nov 2012 #11
My god, that is brilliant. That's really brilliant. nt Poll_Blind Nov 2012 #12
+1000 sheshe2 Nov 2012 #20
Wonderful! myrna minx Nov 2012 #13
I'm probaby missing something. StrayKat Nov 2012 #15
Because they're trying to give desperate liberalhistorian Nov 2012 #16
"Because they actually have a heart and are thinking of people first and not money?" AllyCat Nov 2012 #30
I believe the idea... kag Nov 2012 #17
Thanks, Kag StrayKat Nov 2012 #21
In addition to what everyone above this has already said, consider administrative costs Bibliovore Nov 2012 #22
Restoring Credit StrayKat Nov 2012 #23
Yes, always paperwork (but see questions below) Bibliovore Nov 2012 #25
I don't know. StrayKat Nov 2012 #34
K&R Cooperation over coercion, what a great idea! n/t Egalitarian Thug Nov 2012 #18
Rec'd Kaleva Nov 2012 #24
This is so beautiful. I wonder how the greed machine will try to stop them. joanbarnes Nov 2012 #26
In either case, payoff to Occupy with debt write-off jerseyjack Nov 2012 #27
having something on your credit that is paid is a huge boon compared AllyCat Nov 2012 #29
I donated some money to these fine Americans earlier this week. AllyCat Nov 2012 #28
Donating Aquariuswolfe Nov 2012 #35
Welcome to DU! hrmjustin Nov 2012 #36
http://rollingjubilee.org http://strikedebt.org Agony Nov 2012 #37
I thought OWS did not want to support Wall Street? happyslug Nov 2012 #38
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