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Registered Democrat
- Jun 20, 2012
- 6,306
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Members of a debt relief project borne from the Occupy Wall Street campaign said Wednesday they have purchased more than $100,000 worth of medical debt in a second trial run for their efforts.
Thomas Gokey, a spokesperson for the Rolling Jubilee campaign, said the debt was purchased for $5,000. Earlier this year, the group bought $14,000 worth of debt for $500.
We are buying debt that is being sold on the secondary market for pennies on the dollar, Gokey said in a conference call. We are doing it in exactly the same way that [debt collectors] do it, with one big difference: we are abolishing the debt as we buy it.
You'll never see the teabaggers doing anything for good like this
Occupy debt-relief campaign buys $100,000 worth of debt | The Raw Story
Thomas Gokey, a spokesperson for the Rolling Jubilee campaign, said the debt was purchased for $5,000. Earlier this year, the group bought $14,000 worth of debt for $500.
We are buying debt that is being sold on the secondary market for pennies on the dollar, Gokey said in a conference call. We are doing it in exactly the same way that [debt collectors] do it, with one big difference: we are abolishing the debt as we buy it.
You'll never see the teabaggers doing anything for good like this
Occupy debt-relief campaign buys $100,000 worth of debt | The Raw Story