Occupy Wall Street offshoot to buy and abolish millions of dollars of debt for the 99 percent

Personal debt is a huge problem in the US, but some Occupy Wall Street alumni think they have a solution. Since it's possible for banks to sell debt for a fraction of its worth onto third parties who then attempt to collect the full amount, Occupy offshoot Strike Debt wants to become one of those buyers — except it won't collect. After gathering donations, the Rolling Jubilee project will purchase debt from banks and wipe it off the record. The launch event is currently being streamed on ...