Members of Occupy Wall Street last week announced the formation of “Rolling Jubilee,” a fundraising campaign that would be used to purchase outstanding debt and then abolish it. And as of Friday, the campaign has already raised enough to eliminate more than $5.7 million in personal debt, according to its web site.

source: Occupy Wall Street’s ‘Rolling Jubilee’ Raises Enough To Abolish $5 Million In Debt | ThinkProgress.

This is a great idea.