Occupy debt-relief campaign buys, forgives $100,000 worth of debt
"Members of a debt relief project borne from the Occupy Wall Street campaign said Wednesday they have purchased more than $100,000 worth of medical debt in a second trial run for their efforts. Thomas Gokey, a spokesperson for the Rolling Jubilee campaign, said the debt was purchased for $5,000. Earlier this year, the group bought $14,000 worth of debt for $500. 'We are buying debt that is being sold on the secondary market for pennies on the dollar,' Gokey said in a conference call. 'We are doing it in exactly the same way that [debt collectors] do it, with one big difference: we are abolishing the debt as we buy it.'" Continue reading →