A group of campaigners linked to the Occupy Wall Street movement is buying-up distressed loans for pennies in the pound and cancelling them to "liberate debtors at random".
The Rolling Jubilee project is seeking donations to help it buy-up distressed debts, including student loans and outstanding medical bills, and then wipe the slate clean by writing them off.
http://www.telegraph.co.uk/finance/news ... sh-it.html
Economic Stimulus - Occupy Wall Street Style
Moderator: Global Moderator
Economic Stimulus - Occupy Wall Street Style
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Pointedstick
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Re: Economic Stimulus - Occupy Wall Street Style
What an awesome idea!
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
- CEO Nwabudike Morgan