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CARP: Debt Buyers with Jon Oliver

posted June 7, 2016 #

I think we can all agree that Jon Oliver's Last Week Tonight (and Samantha Bee's Full Frontal) continues to carry the torch where Jon Stewart and The Daily Show left off. Each episode is chock-full of whipsmart opinions and well researched insights on the corruption and absurdities we often sweep under the rug.

If you have the time (I know 20 minutes is an eternity on the Internet), please watch Oliver's latest piece on Debt Buyers. Not only because it's an insightful and educational bit on a banking practice you probably didn't know existed but because in watching it, you will witness Oliver absolve $14.9million dollars in medical debt. His team created their own debt buying company, CARP, was offered a stockpile of personal debt, purchased it for $60k and then simply absolved it entirely.

I realize that this kind of stunt doesn't fix the system on the whole but I'm blown away by the ease of absolution here. Oliver's charitable actions are stunning. Where's the Kickstarter to start banding together and doing this sort of thing ourselves?