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Occupy Wall Street’s ‘Rolling Jubilee’ Raises Enough To Abolish $5 Million In Debt

By Travis Waldron  

"Occupy Wall Street’s ‘Rolling Jubilee’ Raises Enough To Abolish $5 Million In Debt"


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Members of Occupy Wall Street last week announced the formation of “Rolling Jubilee,” a fundraising campaign that would be used to purchase outstanding debt and then abolish it. And as of Friday, the campaign has already raised enough to eliminate more than $5.7 million in personal debt, according to its web site. The group’s plans are to buy outstanding debt from financial institutions for a small price, but instead of collecting on the debt, it will forgive it in order to relieve student loan, medical, and other forms of debt.

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