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tama

(9,137 posts)
112. When a block of debt is bought from the market
Sun Dec 23, 2012, 06:54 AM
Dec 2012

Occupy has access to it's trail and sends the individuals info that his/her debt has been forgiven. With information package wrapped in cute gift paper. The Jubilee is rolling meaning that there is wish that many of those who have their debts forgiven donate money for buying and forgiving more debt. It's a rolling "random acts of kindness" act.

... xchrom Nov 2012 #1
kr HiPointDem Nov 2012 #2
How does that officially work? graham4anything Nov 2012 #3
"how is the money getting into the US Treasury to cut the debt? " eShirl Nov 2012 #5
if it is not, then this is a phony ploy. Is it even legal then? graham4anything Nov 2012 #6
It's best to have some knowledge of the subject sense Nov 2012 #7
There are NO stupid questions. Why not stop the snark and provide the answers graham4anything Nov 2012 #8
They're not sending money to the government. eShirl Nov 2012 #12
But where is Sally Student, who has a $7500 student loan, being told she does not have to pay? graham4anything Nov 2012 #14
What part of "pennies on the dollar" do you not understand? eShirl Nov 2012 #17
I seem to be missing something. How does this affects Joe Q. Public and Sally Student graham4anything Nov 2012 #21
Less talking, more listening. sense Nov 2012 #22
Why don't you send them any questions you have directly? eShirl Nov 2012 #25
I sent them a question to them last week when I first heard, and had an answer by the next morning. Riley18 Nov 2012 #49
+1 nt Live and Learn Nov 2012 #77
Hopefully Henry, Sally and Joe aren't as clueless UnrepentantLiberal Nov 2012 #27
It's simple. eomer Nov 2012 #30
Let's get all those immigrants from south border education funds, then they can get citizenship!!! graham4anything Nov 2012 #34
Sorry, not getting your point. eomer Nov 2012 #45
Because who decides who gets the liver that Mickey Mantle got and someone didn't? graham4anything Nov 2012 #46
OK, yes, so these Occupiers get that too, they're promoting universal jubilee at the same time. eomer Nov 2012 #48
Who gets to decide? AlexSatan Nov 2012 #103
let me try 2pooped2pop Nov 2012 #33
Did you read the article and just not understand it? Matariki Nov 2012 #86
The average reader on this site sense Nov 2012 #15
I listen to Al Sharpton and he does not talk about them, being that their goals are not interesting graham4anything Nov 2012 #36
What does this have to do with how Cal Carpenter Nov 2012 #62
Every person here who supports OWS is an Obama voter. And sabrina 1 Nov 2012 #73
You don't what you are talking about. Hissyspit Nov 2012 #97
WTF? You know what? There really are some folks in this world who are genuinely Zorra Nov 2012 #70
damn right! defacto7 Nov 2012 #108
It's buying off INDIVIDUAL debt, not the National Debt. Tigress DEM Nov 2012 #102
They are buying private debt then forgiving the amount owed a very noble gesture! UCmeNdc Nov 2012 #10
But where on the spreadsheet does it show up? How does Joe Q. Public see it in action graham4anything Nov 2012 #11
What makes you think this has anything to do with government or the National Debt? eShirl Nov 2012 #13
It sounds like a good P.R. scheme or a good acid trip with a very bad landing graham4anything Nov 2012 #18
So don't contribute. eShirl Nov 2012 #20
So you are saying, China no longer owes the US any money? or graham4anything Nov 2012 #23
Ah, silly me... sense Nov 2012 #24
What? eShirl Nov 2012 #26
Are you a troll, or just really, really stupid? Marmitist Nov 2012 #35
I am just curious (yellow)- I smell a big fraud here trying to up their soiled reputation graham4anything Nov 2012 #37
Seriously? SammyWinstonJack Nov 2012 #43
Yes. As a Jewish person who is liberal,I was very upset over the lumping banksters/Jews together graham4anything Nov 2012 #44
Wow, you seem determined to insert race and ethnicity at every possible step. eomer Nov 2012 #56
You're being ignorant on purpose, obviously. Viva_La_Revolution Nov 2012 #57
Who gives a shit what ohheckyeah Nov 2012 #106
It's both. UnrepentantLiberal Nov 2012 #64
First-ballot nominee for Dumbest Comment Ever Hall of Fame WilliamPitt Nov 2012 #55
I can be dense about trolls sometimes, but not in this case. dixiegrrrrl Nov 2012 #60
BINGO!!! dixiegrrrrl nailed it! (eom) summerschild Nov 2012 #82
You just want an echo chamber. I disagree with your view on this. graham4anything Nov 2012 #87
You have no idea what I want or do not want. dixiegrrrrl Nov 2012 #88
but I don't have to want what you want on every issue. Betcha you don't want 1 or 2 my top 10 wants graham4anything Nov 2012 #89
When a block of debt is bought from the market tama Dec 2012 #112
Yet, still you do not read. sense Nov 2012 #16
What are you talking about? tsuki Nov 2012 #31
Who decides who is given a golden jackpot? Who gets the freebees? And who doesn't? graham4anything Nov 2012 #41
This is the place in the thread I had to check for a PPR Occulus Nov 2012 #61
sorry you want an echo chamber. Bob Geldof was the same. The world wasn't fed though graham4anything Nov 2012 #67
Nice try with the whole charity frame, Occulus Nov 2012 #99
True which is why I donate now to OWS. Every penny goes to the sabrina 1 Nov 2012 #74
I had two student loans going to college. I paid it off myself, hard as it was. graham4anything Nov 2012 #90
Lol, I love the John Lennon ref. Jfyi though, loving Lennon is not sabrina 1 Nov 2012 #91
I want them to succeed. But I want them to do it longterm and the right way graham4anything Nov 2012 #92
MLK was assassinated. Modern Social Justice movements learned sabrina 1 Nov 2012 #93
They overstayed their welcome in NYC. They would have been better 2 weeks on, a month off graham4anything Nov 2012 #94
They are not anonymous, where are you getting this idea from? sabrina 1 Nov 2012 #95
OK...so in effect I can back OWS now, however- this is OWS2, a new offshoot of OWS1 graham4anything Nov 2012 #109
Great AlexSatan Nov 2012 #104
I'll try to explain it the way I understand it. LeftofObama Nov 2012 #29
Rolling Jubilee will also send the debtor a certified letter telling them their debt is absolved. djean111 Nov 2012 #32
+1 nt Live and Learn Nov 2012 #78
Why not just work for a French like system of health care? We got it moving, lets get more graham4anything Nov 2012 #39
When you are buying bundled debt you don't get to pick and choose names. Systematic Chaos Nov 2012 #53
Debt is bought and sold... ljm2002 Nov 2012 #50
It's not federal debt, but personal debt. BlueToTheBone Nov 2012 #51
It's not going to cut the national debt (government debt) Sekhmets Daughter Nov 2012 #85
You're confusing personal debt with the federal deficit. aquart Nov 2012 #101
GOOD, and, this just gets better and better. Volaris Nov 2012 #4
I can use their help. MrSlayer Nov 2012 #9
+ a zillion, trillion,million, thousand and 52cents graham4anything Nov 2012 #19
You're happy someone is in debt? Or happy that now they have sabrina 1 Nov 2012 #76
Maybe you'll get lucky and your debt will BlueToTheBone Nov 2012 #52
You mean that flash-in-the-pan, accomplishing-nothing, Le Taz Hot Nov 2012 #28
Yep. UnrepentantLiberal Nov 2012 #65
"But OWS is nothing but a bunch of self-aggrandizing...." in 1, 2 ........ marmar Nov 2012 #38
Two persons from "Rolling Jubilee" are on Up with Chris Hayes right now malaise Nov 2012 #40
I heard about this on "Market place" yesterday..... a kennedy Nov 2012 #42
I just donated to Rolling Jubilee. ananda Nov 2012 #47
Phenomenal! liberal N proud Nov 2012 #54
I love this! myrna minx Nov 2012 #58
I like this idea, but there's a problem I think. Robb Nov 2012 #59
That is the problem with buying the debt in a bundled block. JimDandy Nov 2012 #79
Why? Robb Nov 2012 #83
They probably bundle commercial and personal debt separately. bluedigger Nov 2012 #105
They're buying from the banks, not bundlers. Robb Nov 2012 #111
I wish I could sign up for that WolverineDG Nov 2012 #63
CNN/Fortune: "Occupy Wall Street: The rebels found their cause" upi402 Nov 2012 #66
I'll never forget one of the morning reporters Phentex Nov 2012 #68
Yep. That was all they had to propagandize with upi402 Nov 2012 #69
Thanks! We'll also be back out in the streets when the time comes. Zorra Nov 2012 #72
All I have for that is upi402 Nov 2012 #75
+1 nt Live and Learn Nov 2012 #80
K & R Change has come Nov 2012 #71
Great news. nt Live and Learn Nov 2012 #81
REALLY. GOOD. IDEA. I have done credit repair, a short explanation below: winstars Nov 2012 #84
Great post! Kaleva Nov 2012 #98
Thanks Kaleva, besides my job this is the one thing I have educated myself on... winstars Nov 2012 #110
[LINK]: Here is a better link... 6502 Nov 2012 #96
very wise to buy debt like a collection business does, yet forgive the debt. Sunlei Nov 2012 #100
If the debt buyers get taken down a peg as well, that is very good ck4829 Nov 2012 #107
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