Members of Occupy Wall St. (OWS) have been doing a number of things to try to help people, particularly people who have been hurt due to the financial crisis caused by the lack of regulation of, and excesses of, the financial sector (big banks, Wall St., etc.).
For example, members of Occupy Wall St. have been helping people to avoid foreclosure on their homes. Also, recently members of Occupy Wall St. have been helping people who have been hurt by Hurricane Sandy.
NOWWWwwwww, members of Occupy Wall St. have launched something called “Rolling Jubilee”, where they buy up debts owed by people from creditors (e.g., banks) for pennies on the dollar (just like debt collection companies do), BUT, instead of hounding these people to pay these debts (like debt collection companies do), OWS just forgives the debt and the people no longer owe the debt!!!
OWS did a test run of their program. OWS spent $500, which bought $14,000 of distressed debt. OWS then just ERASED THAT DEBT!!!
They’re calling it “THE PEOPLE’S BAILOUT”!!!
This is F#@KING AWESOME!!!