Occupy Wall Street, the protest movement launched to fight corporate greed and corruption, is now buying up peoples' debts and forgiving them.
Its new initiative, called Rolling Jubilee, is being spearheaded by Occupy's Strike Debt team to protest a "predatory" lending system, according to its website. The group will hold a telethon and variety show called "The People's Bailout" in New York on Nov. 15 to raise money for the cause, and the proceeds will be used to buy defaulted debts -- such as unpaid student loans and medical bills -- and erase them.
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