Debt Forgiveness, Auto Loans Way Up, Mortgage Exec Admits Fraud, Rolling Jubilee

Attorney General Leads National Effort To Extend Tax Relief for Distressed Homeowners Jepsen co-authored a letter with Florida Attorney General Pamela Bondi, which was signed onto by 40 other attorneys general and sent today to U.S. House and Senate leaders. It asked the leaders to extend the exclusion, which has been in effect since 2007, … Read more

Premature Occupy Wall Street Group Effort Wants Consumer Debt to Vanish with Rolling Jubilee

The Occupy Wall Street initiative has come up with a plan to make consumer debt vanish. Instead of fighting the system they’ve decided to participate with something called the Rolling Jubilee. Organizers are buying up consumer debt for pennies on the dollar and instead of collecting on it they are forgiving it. Kind of an … Read more