Occupy-Tied "Rolling Jubilee" Campaign Raises $100,000 to Cancel Debt

An offshoot of Occupy Wall Street is holding a telethon this week for its campaign to purchase the debt of struggling U.S. households. According to its website, the group RollingJubilee.org has already raised more than $100,000 toward its effort to buy up consumer debt at random, often for pennies on the dollar, and then cancel it so that borrowers do not have to repay. A sold-out benefit concert is scheduled for Thursday in New York City.

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