Occupy Wall St protesters wipe $5m off America’s debt  A group
of campaigners linked to the Occupy Wall Street movement has
raised enough cash to write-off $5m in “distressed” student
loans and outstanding medical bills.   The Telegraph    The
campaigners founded the Rolling Jubilee project to buy-up
distressed loans, where repayments are in arrears, for pennies
in the pound and then cancel them free of charge to “liberate
debtors at random”. That debt will include large amounts of
student loans and oustanding medical bills owed by people
struggling to meet repayments.     Yesterday they launched a
fundraising campaign with a variety show and telethon in New
York and have already raised $269,913 (£170,206) – enough to buy
over $5m worth of debt and write it off.  Strike Debt, a
campaign group behind the project, said that it had no way of
targetting which person’s debt they were buying: “Anonymous
accounts get bundled together by other firms and sold as a
whole. We have no input into whose debt is included.