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  1. #1
    The D.R.A. Drachen's Avatar
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    I am not going to pretend like they are about to save the world, but I have to say, this is a pretty cool idea.

    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 its website.

    At the time of writing the Rolling Jubilee had raised $243,127, which it claims gives enough buying power to cancel $4,867,367 of debt. The unprecedented scheme has a few logistical kinks; while it highlights the fact that 62 percent of bankruptcies are caused by poor health, for example, there's no way for it to know whose debt it's purchasing. It also won't be able to buy out student loans due to the lack of a secondary market. Still, it could be a compelling project for anyone who wants to make their charitable donations worth 20 times as much.

    SOURCE
    Before someone else says it, as if I am not aware, I know that consumer debt is nearly 3 Trillion and they can only cancel 4 and a half million at the moment. Still, it is a very interesting idea.

  2. #2
    W4A1 143 43CK? Nbadan's Avatar
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    According to some sources Occupy did a lot more..

    ...On November 12th, we received a letter from “The Protectors,” apparently a group of white hat cyber sleuths, mentioning our reward and stating that two months ago, they began monitoring the “digital traffic of one Karl Rove, a disrespecter of the Rule of Law, knowing that he claimed to be Kingmaker while grifting vast wealth from barons who gladly handed him gold to anoint another King while looking the other way.” http://www.velvetrevolution.us/image...ove_Letter.pdf

    “The Protectors” said that they had identified the digital structure of Rove’s operation and of ORCA, a Republican get out the vote software application. After finding open “doors” in the systems, they created a “password protected firewall” called “The Great Oz,” and installed it on servers that Rove planned to use on election night to re-route and change election results “from three states.”

    The letter indicated that “ORCA Killer” was launched at 10am EST and “The Great Oz” at 8pm EST on November 6th. “The Protectors” watched as ORCA crashed and failed throughout Election Day. They watched as Rove’s computer techs tried 105 times to penetrate “The Great Oz” using different means and passwords....

    ...On election night, Mr. Rove worked the three states that held the key to the election – Ohio, Florida and Virginia. But when he tried to access the Ohio election website, he kept getting error messages.
    http://occupyforaccountability.org/i...?q=node%2F1075

    I don't know if there is any truth to any of these rumors that have been circulating around the blogs but it sure explains why Rove was so sure that Romney would win all three states...he was psychotic....

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