Chilean artist reportedly burns $500 million worth of student loan notes
In Chile, this box of ashes is said to be what's left of USD $500 million worth of pagarés, or student debt notes, burned by a performance artist known as Papas Fritas (french fries).
The man whose real name is Francisco Tapia Salinas videoed the art-act of burning the IOUs, and said he stole them from the for-profit college Universidad del Mar. The video touched a nerve with other young people in Chile, and went viral.
“It’s over," he says in the video. "It’s finished. You don’t have to pay another peso [of your student loan debt]. We have to lose our fear, our fear of being thought of as criminals because we’re poor. I am just like you, living a sh—y life, and I live it day by day.”
“This is my act of love for you.”