General Discussion

Agony

(2,605 posts)

72. I get what you are saying

Reply to Waiting For Everyman (Reply #28)

Wed Oct 23, 2013, 06:37 PM

Oct 2013

I think that the answer is that (as pointed out by questionseverything) the debt that RJ buys has been collateralized and individual debts are not visible until transferred.

however, that is just me babbling, here is what RolllingJubilee has to say on this issue:
"
Can you abolish my debt?
There is no way to seek out a specific person and buy that person’s defaulted debt. With 15% of Americans currently being pursued by a debt collector, looking for one person’s debt would be like looking for a needle in a haystack. Anonymous accounts are bundled together and sold as a whole. Before purchasing debt, there is only limited information as to whose debt we are buying. These peculiarities are part of the scandal that we are trying to highlight.
"

The collateralization of medical debt seems particularly heinous to me.

Thanks for your input.

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the no-good do-nothing OWS losers have [View all] Agony Oct 2013 OP

But I thought they were just lunatic libertarian hippies with drum circles. NuclearDem Oct 2013 #1

Sad to say that here on DU I have seen a few anti OWS sabrina 1 Oct 2013 #13

I've even seen some conservatives speak well of them. AtheistCrusader Oct 2013 #21

Perhaps they are not really Democrats? R. Daneel Olivaw Oct 2013 #22

they didn't like OWS because it wasn't an obama / dem party love-in. KG Oct 2013 #58

Bingo. NuclearDem Oct 2013 #62

+1. SammyWinstonJack Oct 2013 #63

Imagine that -- people who prefer Democrats on Democratic Underground! melody Oct 2013 #66

Solidarity!! bvar22 Oct 2013 #68

I've been told over and over and over here that... Hotler Oct 2013 #79

Speaks volumes... SeattleVet Oct 2013 #16

Many of us KNOW we were correct. RoccoR5955 Oct 2013 #64

Awesome & should be front page news!!! lunasun Oct 2013 #2

This is such a genius idea. It gives me hope. Squinch Oct 2013 #3

rec! SammyWinstonJack Oct 2013 #4

for Change has come... I could not help but think of Sam Cooke, thanks for the rec Agony Oct 2013 #5

Oh, I bet the DU Anti-Justice Movement Committee is gonna be furious about that. nt Zorra Oct 2013 #6

Lol, they will ignore this thread. I love it when they try to claim that OWS is sabrina 1 Oct 2013 #14

Occupy is non-political... Blanks Oct 2013 #46

Yes, and that was the most successful part of the planning, imo. sabrina 1 Oct 2013 #55

It's a threat to the machine though... Blanks Oct 2013 #60

Many of those that deny, are afraid that if they acknowledge OWS, they will have to admit to rhett o rick Oct 2013 #61

The Bubble bvar22 Oct 2013 #80

About the fact that OWS has handed over $12 million back to the 1%? Recursion Oct 2013 #27

yeah, buying debt from predatory collection agencies for pennies on the dollar really sucks Dragonfli Oct 2013 #30

It's the same problem with people who "buy" Sudanese slaves to set them free Recursion Oct 2013 #32

I know you are sad because some people were relieved of debt, but did not know Dragonfli Oct 2013 #34

It must be a very small worldview that can only attribute disagreement to immorality Recursion Oct 2013 #36

My world view is actually a bit too expansive, I AM closed to conservative ideas however Dragonfli Oct 2013 #37

I was wrong. I didn't realize how deep the discount was Recursion Oct 2013 #50

earlier this morning i wanted to Agony Oct 2013 #73

Well, you don't need to be puzzled anymore. Believe it or not, there are actually Zorra Oct 2013 #47

Thank you. OWS has done some incredible things for the people. More sabrina 1 Oct 2013 #51

k/r marmar Oct 2013 #54

Thanks Agony Oct 2013 #75

Well said. NealK Oct 2013 #77

The "Move Your Money" campaign alone made OWS relevant 1000words Oct 2013 #7

ows groups have paid off student loans also Liberal_in_LA Oct 2013 #8

Rolling Jubilee current update Agony Oct 2013 #9

Thanks for the reminder Warpy Oct 2013 #10

You bet! Agony Oct 2013 #19

dead my ass. OWS is alive and doing more good than our government. liberal_at_heart Oct 2013 #11

+1 daleanime Oct 2013 #23

HUGE K & R !!! - Thank You !!! WillyT Oct 2013 #12

Awesome! Rex Oct 2013 #15

It will make some so sad that it will result in a Recursive loop of sadness Dragonfli Oct 2013 #31

HAHAHAHA!!! Rex Oct 2013 #70

This is wonderful accomplishment of, OWS! Cha Oct 2013 #17

But they don't have any structure! They don't have any leaders! vanlassie Oct 2013 #18

bump TheKentuckian Oct 2013 #20

Wow! That's a lot! cui bono Oct 2013 #24

Doing the good work blue14u Oct 2013 #25

excellent gopiscrap Oct 2013 #26

This is great, of course, but what I don't get -- Waiting For Everyman Oct 2013 #28

Moral hazard of course Fumesucker Oct 2013 #39

I love this comment - TBF Oct 2013 #43

the pennies on the dollar thing comes up after default questionseverything Oct 2013 #69

I get what you are saying Agony Oct 2013 #72

Big K&R defacto7 Oct 2013 #29

Oh, I heard they didn't accomplish a thing. Dark n Stormy Knight Oct 2013 #33

Worse than that, according to one of the predator defenders, they did something bad. Dragonfli Oct 2013 #35

I saw that... Rex Oct 2013 #71

K&R. OWS has also helped with student debt too. n/t myrna minx Oct 2013 #38

That is awesome. Love OWS. Huge K&R. nt DLevine Oct 2013 #40

Yay! Enthusiast Oct 2013 #41

du rec. xchrom Oct 2013 #42

K&R nt TBF Oct 2013 #44

I LOVE rolling jubilee! annabanana Oct 2013 #45

If only there was a major political party... 99Forever Oct 2013 #48

Maybe someday we will get that. It's up to us in the end. sabrina 1 Oct 2013 #52

The Party is the Democratic Party. We shouldnt abandon it, we need to reclaim it. nm rhett o rick Oct 2013 #82

Glad they found their niche. nt hack89 Oct 2013 #49

but they don't have a "leader"! G_j Oct 2013 #53

Not too long ago there was this discussion about OWS eilen Oct 2013 #56

k and r and thanks for the update niyad Oct 2013 #57

Great news! K&R. ck4829 Oct 2013 #59

Those lousy good-for-nothings RoccoR5955 Oct 2013 #65

kicking this great post, and going to contribute. navarth Oct 2013 #67

Good on them. Xyzse Oct 2013 #74

Awesome! People Power! What a Democracy is all about! fascisthunter Oct 2013 #76

K&R NealK Oct 2013 #78

Occupy FTW! blackspade Oct 2013 #81