Occupy Wall St Says 'Rolling Jubilee' Raises Enough to Abolish $6 Million in Debt

[2pooped2pop]

33. let me try

Ever have a bill you did not pay? sent to a bill collector right? Bill collector tries and tries to collect. No luck. He bundles hundreds perhaps thousands of similar noncollectable bills that he has been unsuccessful in collecting. He sells these, I think to the highest bidder.

Whoever that bidder is has the right to do whatever they want with the debt. Collect it, sell it off again, or as Occupy is doing, forgive it.

They spent like 500 bucks and bought 14 thous$ of strangers debts. Then they forgive it. Then they tell the person the debt is gone. Hopefully the person is gracious and will donate for the next buy.

Next they paid like 5 grand and bought (I forget the amount but a large amount of debt) This they will do the same with. Release it.

This clears personal debt. They do not have the ability to pick and choose whose debt they are buying. It's all lumped together.

make sense?

Yeah, I know besides feeding the hungry people that fema is missing and feeding fema themselves, those rotten occupiers are now helping people rid themselves of debt. What bastards ah?