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Author Topic: The People's Bailout  (Read 1635 times)


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The People's Bailout
« on: 09 Nov 2012, 09:31 »

Apparently, the OWS organization is starting up this program which is an absolutely wonderful way for them to get back into the spotlight and keep themselves relevant. Also it's just a wonderful thing to be doing.

The People's Bailout

Buy tickets here:
100% of ticket sales go to abolishing debt

Greetings from Strike Debt!

It’s finally time to tell you about our exciting new project, “The Rolling Jubilee” ( The basic premise is simple: people shouldn’t have to go into debt for an education, because they need medical care, or because they have to put food on the table during hard times.

No politician is going to fix this.

The Rolling Jubilee is a bailout of the people by the people - we buy defaulted debt for pennies on the dollar, but instead of collecting it, we abolish it. Our goal for the launch is to raise $50,000, which will likely allow us to abolish more than $1,000,000 dollars worth of personal debt. The more money we raise, the more debt we can abolish. Donations can be made online at beginning around November 15.

More details will be released as we get closer to the launch.


This campaign will launch on November 15th with THE PEOPLE'S BAILOUT, a telethon and variety show at Le Poisson Rouge in New York City. There will be music, comedy, education, magic and more. Confirmed guests include: comedian Janeane Garofalo, Daily Show co-creator Lizz Winstead, actor/director John Cameron Mitchell ('Hedwig and the Angry Inch'), comedian Hari Kondabolu, David Rees ('Get Your War On'), Jeff Mangum of Neutral Milk Hotel, Lee Ranaldo of Sonic Youth, Guy Picciotto of Fugazi, Tunde Adebimpe of TV on the Radio, and more. (Download Poster at

Tickets for the show go on sale today at 10AM. Purchase yours at Be quick, we expect them go fast!


We're hoping you can help us spread the message via social media. Let’s get the word out far and wide. Here’s how:


1) Forward this message to friends and family.

2) Please like our Facebook page & share the Facebook Event Page.

3) Follow @StrikeDebt on twitter.

4) Post and tweet using the hashtags #PeoplesBailout and #RollingJubilee, and refer to our website ( and twitter handle. Some sample posts can be found here:

5) Donate your Twitter or Facebook account for one daily re-post or re-tweet: This is a safe and easy way to help us keep spreading the message.


On November 8th and 15th, we’re organizing big coordinated pushes to promote #PeoplesBailout on social media. Soon we will be sending out additional info about how to help. Watch your inbox and invite your friends to sign up at

Please email us ([email protected] or [email protected]) if you have any questions about the Rolling Jubilee. We’ll be in touch soon with details about the big social media push.

In Solidarity,

Strike Debt

PS - To head off one common question, we cannot buy specific individual's debt - instead, we help liberate debtors at random through a campaign of mutual support, good will, and collective refusal. As a trial run, we spent $466 and successfully bought and abolished $14,000 of medical debt.

Also Gawker's report on it.


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Re: The People's Bailout
« Reply #1 on: 09 Nov 2012, 10:30 »


Pick me!  Pick me! 
When people try to speak a gut reaction, they end up talking out their ass.


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Re: The People's Bailout
« Reply #2 on: 15 Nov 2012, 08:22 »

And the site is now up and it's called Rolling Jubilee.
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