{"id":22594,"date":"2012-11-09T07:31:44","date_gmt":"2012-11-09T07:31:44","guid":{"rendered":"http:\/\/rafaelfajardo.com\/portfolio\/the-peoples-bailout\/"},"modified":"2012-11-09T07:31:44","modified_gmt":"2012-11-09T07:31:44","slug":"the-peoples-bailout","status":"publish","type":"post","link":"https:\/\/rafaelfajardo.com\/portfolio\/the-peoples-bailout\/","title":{"rendered":"The People’s Bailout"},"content":{"rendered":"

howtosharpenpencils<\/a>:<\/p>\n

\n

This is a long post but it\u2019s about something pretty interesting so I hope you\u2019ll indulge \u2026<\/p>\n

Like many folks, Occupy Wall Street has been some doing good work in the aftermath of Hurricane Sandy, helping people on the ground.<\/p>\n

Now OWS is launching the ROLLING JUBILEE<\/a>, a program that has been in development for months. 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.<\/strong> (If you\u2019re a debt broker, once you own someone\u2019s debt you can do whatever you want with it \u2014 traditionally, you hound debtors to their grave trying to collect. We\u2019re playing a different game. A MORE AWESOME GAME.)<\/p>\n

This is a simple, powerful way to help folks in need \u2014 to free them from heavy debt loads so they can focus on being productive, happy and healthy.<\/strong> As you can see from our test run, the return on investment approaches 30:1<\/strong>. That\u2019s a crazy bargain!<\/p>\n

Now, after many consultations with attorneys, the IRS, and our moles in the debt-brokerage world, we are ready to take the Rolling Jubilee program LIVE and NATIONWIDE<\/strong>, buying debt in communities that have been struggling during the recession.<\/p>\n

We\u2019re kicking things off with a show called THE PEOPLE\u2019S BAILOUT<\/a> at Le Poisson Rouge on Thursday, November 15. It will also stream online<\/a>, like a good ol\u2019-fashioned telethon!<\/p>\n

<\/p>\n

Friends, the line-up is insane. Performers include:<\/p>\n

– JEFF MANGUM<\/strong> (Neutral Milk Hotel)<\/p>\n

– JANEANE GAROFALO<\/strong><\/p>\n

– GUY PICCIOTTO<\/strong> (Fugazi)<\/p>\n

– LIZZ WINSTEAD<\/strong><\/p>\n

– HARI<\/strong> KONDABOLU<\/strong><\/p>\n

– TUNDE ADEBIMPE<\/strong> and KYP MALONE<\/strong> (TV on the Radio)<\/p>\n

– members of DAS RACIST<\/strong><\/p>\n

and other great talents including a group of radical nuns! I\u2019ll be playing the role of JERRY LEWIS, emceeing in my tuxedo from MEN\u2019S WEARHOUSE.<\/strong><\/p>\n

This will be a joyful, positive night about people banding together and subverting a predatory financial system in order to help each other. BOOM! That\u2019s a movie pitch right there, goddamn why am I not a Hollywood mogul?!<\/p>\n

Anyway, HERE IS THE INFORMATION<\/strong> about THE PEOPLE\u2019S BAILOUT<\/strong>:<\/p>\n

– The LIVE SHOW<\/strong> is at Le Poisson Rouge on THURSDAY 11\/15, 8 – 11 PM. Tickets are $25<\/a> (each ticket buys $500 of distressed debt).<\/p>\n

– The LIVE STREAM<\/strong> will be at http:\/\/rollingjubilee.org<\/a> (you\u2019ll be able to donate online)<\/p>\n

– Here\u2019s the FACEBOOK PAGE<\/a><\/p>\n

– The HASHTAG<\/strong> is #peoplesbailout<\/p>\n

HOW YOU CAN HELP:<\/strong><\/p>\n

– Spread the word!<\/strong> Share this info with your friends, family, and followers
– Donate money<\/strong> via <\/a>http:\/\/rollingjubilee.org<\/a><\/p>\n

$25 abolishes an estimated $500 worth of debt<\/em>
$50 abolishes an estimated $1000 worth of debt<\/em>
$100 abolishes an estimated $2000 worth of debt<\/em>
$250 abolishes an estimated $5000 worth of debt<\/em><\/p>\n

– Host a live-stream party!<\/strong> Get together with folks in your town and watch the show online and donate money and maybe even drink a beer if you\u2019re feeling crazy.<\/p>\n

– If you are Jerry Seinfeld or Bill Cosby:<\/strong> Call me about doing a set at the live show! We\u2019ll fit you in.<\/p>\n

Okay, that was a really long tumblr post. I feel very vulnerable right now. Thanks for reading.<\/p>\n

Bye!
\u2014David Rees<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

howtosharpenpencils: This is a long post but it\u2019s about something pretty interesting so I hope you\u2019ll indulge \u2026 Like many folks, Occupy Wall Street has been some doing good work in the aftermath of Hurricane Sandy, helping people on the ground. Now OWS is launching the ROLLING JUBILEE, a program that has been in development […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[10],"tags":[],"class_list":["post-22594","post","type-post","status-publish","format-standard","hentry","category-words"],"jetpack_publicize_connections":[],"jetpack_shortlink":"https:\/\/wp.me\/p6PWot-5Sq","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts\/22594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/comments?post=22594"}],"version-history":[{"count":0,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts\/22594\/revisions"}],"wp:attachment":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/media?parent=22594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/categories?post=22594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/tags?post=22594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}