Wednesday, September 17, 2014

Great Idea of the Year!

++The Occupy Wall Street movement produced one of the most innovative concepts around--the Rolling Jubilee,which buys debt. Now the Rolling Jubilee has abolished $4 million in loans owed by college students. This affected 2,761 people.

++They have announced a new Debt Collective Initiative, modeled after the old trade union movement. The idea is "You are not a Loan" and encourages debtors to act collectively.

++So far the Rolling Jubilee has eradicated $13.5 million in medical debt and $1.2 million in personal debt by buying it at cents to the dollar. 

++This is truly a great idea for a debt burdened country.

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