Banks sell debt for pennies on the dollar on a shadowy speculative market of debt buyers who then turn around and try to collect the full amount from debtors. The Rolling Jubilee intervenes by buying debt, keeping it out of the hands of collectors, and then abolishing it. We’re going into this market not to make a profit but to help each other out and highlight how the predatory debt system affects our families and communities. Think of it as a bailout of the 99% by the 99%. — ROLLINGJUBILEE.ORG
Once I read about rollingjubilee.org and realized how brilliant it was, I laughed alone in my office for like, two minutes straight. Then I went straight to PayPal and sent them funds courtesy of Fractalspin.