A Bailout Of The People By The People. Former Occupy Wall Street Activists Abolished $15 Million Of Americans' Medical Debt

April 3, 2014

Thousands of Americans are free from debt thanks to a grassroots project called Rolling Jubilee.

It has raised $700,000 by crowdsourcing money to buy consumer debt on the secondary debt market for a fraction of its original value. It then spent $300,000 wiping out almost $15 million.

According to Rolling Jubilee's website:

rolling jubilee

"It was a godsend. I didn't know these people," Kentucky resident Shirley Logsdon told Agence France-Presse, after her medical bill was paid off.

Rolling Jubilee has exceeded expectations. The original goal was to raise $50,000 and abolish $1 million.

To learn more about this movement visit their website, RollingJubilee.org

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