“Fuck you, Oprah!”
Last Week Tonight with John Oliver made TV history on Sunday when it forgave roughly $15 million in medical debt to demonstrate the minimal oversight of the country's debt buying industry.
Last Week Tonight / Via youtube.com
Oliver began the reported record-breaking segment explaining that American households owe a total of $12 trillion in debt. About $436 billion of that debt is 90 days or more past due, he said.
Last Week Tonight / Via youtube.com
“Debt buying is a grimy business and it badly needs more oversight,” he said. “As it stands, any idiot can get into it. And I can prove that to you, because I’m an idiot. And we started a debt-buying company. And it was disturbingly easy.”
Last Week Tonight / Via youtube.com
Oliver said the show created a debt-buying company called Central Asset Recovery Professionals, Inc., or "CARP after the bottom eating fish."
After the show set up a basic website and paid the $50 application fee, the company bought a $15 million medical debt portfolio for less than $60,000.
from BuzzFeed - USNews http://ift.tt/1PeuEgy
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