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Rolling Jubilee, Occupy's Latest Web-Enabled Institutional Hack

BY Nick Judd | Thursday, November 15 2012

An offshoot of Occupy called Strike Debt is going to kick off a new initiative, called Rolling Jubilee, dedicated to raising money online and then spending it on troubled debt offered by its owners for pennies on the dollar — medical debt, to start. Where other purchasers of bad debt might hire a collection agency in an attempt to collect some or all of what's owed, Strike Debt will forgive the debt. To get things going, Rolling Jubilee will host a live-streamed fundraising event at the tony New York venue Le Poisson Rouge, featuring comedian Janeane Garofalo, Daily Show co-creator Lizz Winstead and others. Read More