Filmmaking activists have kickstarted their campaign for a national debt write-off – by blowing up a van filled with £1.2 million-worth of payday loan debt in the world’s financial centre.
Dan Edelstyn and his colleagues featured in The Big Issue last year for their audacious The Bank Job plot to buy up distressed payday loan debt that was being sold on the secondary market.
The group even took over a former bank and renamed it the Hoe Street Bank in Walthamstow before printing banknote-like bonds and selling them off as artwork to in-effect pay off the debts.
But they completed their explosive finale on May 19 by blowing up the Ford Transit cash in transit van filled with the debt on Thameside waste ground with the City of London and Canary Wharf providing the backdrop, The revolutionary project is now set to be turned into a film.
“People loved it,” Dan told The Big Issue. “It was really beautiful as an installation with bits of the van all over the place. We had lots of positive comments – even the police enjoyed themselves!