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Occupy Wall Street Debt Forgiveness

Premature Occupy Wall Street Group Effort Wants Consumer Debt to Vanish with Rolling Jubilee

Steve Rhode | Posted 01.13.2013 | Money
Steve Rhode

Organizers are buying up consumer debt for pennies on the dollar and instead of collecting on it they are forgiving it. In my opinion the effort is misguided because this strategy can result in those with their debt forgiven, owing the IRS.