#OWS Shines Light on Dark Debt Market

Posted: January 14, 2014 in Excess and Algorithms
Tags: , , , , , ,

eanda logoby @anarchyroll
1/13/2014

Did you know what the secondary debt market was? I sure as hell didn’t. Now I do, thanks Occupy Wall Street and Strike Debt (an OWS offshoot).

Raising that question and answering it is precisely what the intention behind the action of buying and forgiving the debt, first $1 million, then $15 million. I hope this silences the movements critics (that aren’t members of the 1%). The debt they forgave was primarily medical debt, they said they will next be targeting student loan debt.

The movement is not as chic as it was a few years ago, and certainly doesn’t receive the news coverage it did during it’s initial run in Zuccotti Park, but that has been a blessing in disguise. Without national media attention and the inevitable ego boom that comes with it, they have been able to quietly do the work of the 99%.  Now the press only covers them when they make a big splash in the form of helping people, which is what any protest movement is supposed to be all about.

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