The rebel bank, printing its own notes and buying back people's debts

‘HCSB’ in Walthamstow is selling printed ‘bank notes’ to raise money to buy local debt

First there were the banks. Sending credit cards through the post, offering easy loans. They overstretched, teetered. Then came the billion-dollar bailouts, recession, austerity, poverty and payday loans.

Then, slowly, came the movement: a piecemeal, sporadic effort to buy back the debt of ordinary people.

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from Voluntary Sector Network | The Guardian http://ift.tt/2DOf8bH