The People Bail Out the People

John Light @ Bill Moyers & Co. - Last week, the members of Strike Debt, a group of Occupy activists working to help Americans dealing with debt, launched a new campaign called The Rolling Jubilee. The initiative — a clever plan to collect money, buy up other people’s debt and forgive it — kicked off on Thursday with a variety show in New York dubbed “The People’s Bailout.” The show, live-streamed over the Internet as a telethon, raised enough money to cancel over five million dollars of debt.  Read more.