2012-11-12motherjones.com

``Now OWS is launching the ROLLING JUBILEE, a program that has been in development for months. OWS is going to start buying distressed debt (medical bills, student loans, etc.) in order to forgive it. As a test run, we spent $500, which bought $14,000 of distressed debt. We then ERASED THAT DEBT. (If you're a debt broker, once you own someone's debt you can do whatever you want with it--traditionally, you hound debtors to their grave trying to collect. We're playing a different game. A MORE AWESOME GAME.)''


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