http://rollingjubilee.org/

A bailout of the people by the people.
We buy debt for pennies on the dollar, but instead of collecting it, we abolish it. We cannot buy specific individuals’ debt – instead, we help liberate debtors at random through a campaign of mutual support, good will, and collective refusal.
The Jubilee begins November 15 with “The People’s Bailout,” a variety show and telethon in New York City.
All proceeds will go directly to buying people’s debt and cancelling it.