John Oliver buys, forgives $15 million in medical debt
In News by Jamie Peck / June 6, 2016
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In the type of detailed 20-minute segment the show is becoming known for, Oliver examined the debt-buying industry, a poorly regulated field wherein companies buy people’s debt for pennies on the dollar and harass them into paying it, often by illegal and abusive means. He also discussed “zombie debt,” i.e. money which debt collectors try to extract that people are no longer actually obligated to pay. The show even sent a correspondent to an industry conference with a hidden camera to watch collectors gloat about how consumers don’t know their rights. (Also illuminating: An Arkansas lawmaker joking with the House Insurance and Commerce Committee about how he has to protect the bankers or his banker wife won’t let him come home at night.)
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Saw this episode.
It was funny and shocking!
I demonstrates that Gooferment, its politicians, and bureaucrats are not interested in the welfare of “We, The Sheeple”!
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