Rolling Jubilee spent $400,000 to purchase debt cheaply from banks before 'abolishing' it, freeing individuals from their bills.
http://www.theguardian.com/world/2013/nov/12/occupy-wall-street-activists-15m-personal-debt
::Union Paradise®
How the economy would weather private-credit defaults rising to financial
crisis-like levels
-
A repeat of the 2008 crisis for defaults in private credit only impacts GDP
growth by between one-fifth and one-half of a percentage point.
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