This is how it’s done, people.
“OWS is going to start buying distressed debt (medical bills, student loans, etc.) in order to forgive it. As a test run, we spent $500, which bought $14,000 of distressed debt. We then ERASED THAT DEBT. (If you’re a debt broker, once you own someone’s debt you can do whatever you want with it – traditionally, you hound debtors to their grave trying to collect. We’re playing a different game. A MORE AWESOME GAME.)”
How about, instead of another toy your kid or grandkid doesn’t need, you buy some debt and forgive it, instead?
Via Kottke
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