General Discussion

randome

(34,845 posts)

24. I can get behind that.

Reply to Live and Learn (Reply #23)

Mon Nov 12, 2012, 11:13 AM

Nov 2012

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Why Occupy's Plan To Cancel Consumer Debts Is Brilliant [View all] xchrom Nov 2012 OP

I love it. I hope it brings some much needed attention Live and Learn Nov 2012 #1

It will certainly help the people whose debts are forgiven SickOfTheOnePct Nov 2012 #3

And perhaps we will stop being ruled by credit ratings. djean111 Nov 2012 #6

I guess we'll disagree on that point SickOfTheOnePct Nov 2012 #8

May be overused? I think that is quite an understatement. Live and Learn Nov 2012 #12

There are certain jobs where a credit rating should be considered SickOfTheOnePct Nov 2012 #14

I fail to see the logic with insurance rates at all. Live and Learn Nov 2012 #16

Credit ratings can be unfairly prejudicial wickerwoman Nov 2012 #65

Hope it works liberal N proud Nov 2012 #2

Of course they will squash it. closeupready Nov 2012 #27

the good thing people are missing here litlbilly Nov 2012 #54

Kinda blows a gaping hole in.... 99Forever Nov 2012 #4

... xchrom Nov 2012 #5

Never understood the disdain some here have for Occupy. Live and Learn Nov 2012 #7

Their "disdain"... 99Forever Nov 2012 #9

It's mostly been the OWS adherents who claim that nothing has changed. randome Nov 2012 #15

You don't see this as having much to do with Wall Street? Live and Learn Nov 2012 #17

Because it concerns money? I guess they do have that in common. randome Nov 2012 #20

No. because credit ratings have become vital to Live and Learn Nov 2012 #21

I hear you but what they're doing to buy debts apparently doesn't change the bad credit ratings. randome Nov 2012 #22

It is a start to the conversation. Live and Learn Nov 2012 #23

I can get behind that. randome Nov 2012 #24

Thank you Captain Obvious. 99Forever Nov 2012 #26

And this is why OWS gets so little traction. randome Nov 2012 #28

OWS is made up of all kinds. As is DU. nt Live and Learn Nov 2012 #33

Very true. I should keep that in mind more often. randome Nov 2012 #36

Yeah... sure... 99Forever Nov 2012 #37

They're not occupying much? Hissyspit Nov 2012 #44

This rolling jubilee tama Nov 2012 #48

Of which we have many Le Taz Hot Nov 2012 #19

No doubt. blackspade Nov 2012 #46

Ked and Red...... marmar Nov 2012 #10

... xchrom Nov 2012 #11

At least one was on duty, attempting to smear "OWSies". WorseBeforeBetter Nov 2012 #34

Because I didn't think OWS would last longer that the first weekend... aikoaiko Nov 2012 #13

Is it Occupy's plan? Or is it someone's plan? Who is it? Who is Occupy? Coyotl Nov 2012 #18

Oh bother. It's not the DNC, it's not the GOP, it's not the SEIU, it's people. Live and Learn Nov 2012 #25

The URL you send money to is registered to one person only. Coyotl Nov 2012 #56

Agree you have to be careful about who you are sending money to. Live and Learn Nov 2012 #58

These ideas come out of David Graeber's "Debt: The First 5,000 Years" starroute Nov 2012 #29

If there are no repercussions for debt, then no one will honor it. randome Nov 2012 #30

huh? what's happening now? xchrom Nov 2012 #32

'Debt' has been a part of Western civilization for hundreds if not thousands of years. randome Nov 2012 #35

Exactly. Going in to debt was actively encouraged by the financiers, businesses and the msm. Live and Learn Nov 2012 #38

"refusing to pay for it" Hissyspit Nov 2012 #45

Of course it isn't. I'm suggesting that OWS doesn't know who are deserving and who are deadbeats. randome Nov 2012 #55

How do you know this? How hard is it to evaluate? vanlassie Nov 2012 #60

I don't know. randome Nov 2012 #62

Social capital and financial capital tama Nov 2012 #51

Thanks for the information. Going to have to look that book up. nt Live and Learn Nov 2012 #39

Sounds very interesting and is available on Kindle. Live and Learn Nov 2012 #40

Well said. blackspade Nov 2012 #49

Kudos! WaitWut Nov 2012 #31

So many people have been hit by identity theft scams and the Live and Learn Nov 2012 #41

I thought the stimulus might have worked better 4th law of robotics Nov 2012 #42

To all those concerned about credit ratings... caraher Nov 2012 #43

I donated to OWS when they first started protesting .... Howler Nov 2012 #47

Nice work. Fear should not be a part of life. DaveJ Nov 2012 #50

this works because the debt is worthless MsUnderstood Nov 2012 #52

Furthermore, Collectors seem to expect the entire payoff, not payments. DaveJ Nov 2012 #61

I donated $100 CaptJasHook Nov 2012 #53

Here's an idea: Excepting houses, pay cash. If you cannot afford something, go without it. savannah43 Nov 2012 #57

I prefer to live this way. However, it will hurt you in many ways. Live and Learn Nov 2012 #59

could the 'Rolling Jubilee' be considered a charity for tax purposes? BlueMan Votes Nov 2012 #63

I didn't know people were so stupid that they needed to be told that. DaveJ Nov 2012 #64

It's like a Christmas Gift for the collection agencies. It will qualify thousands of our neighbors jtuck004 Nov 2012 #66

Rolling Jubilee is focusing on -- Hell Hath No Fury Nov 2012 #67

They are focusing on UNCOLLECTABLE DEBT. That is sitting in a box at a collection agency marked jtuck004 Nov 2012 #68

That's not really true, imo DaveJ Nov 2012 #69

That would be true if time stopped when they started. But student loan default is rising to unseen l jtuck004 Nov 2012 #71

ttt Blue_Tires Nov 2012 #70