On Sunday night’s edition of HBO’s Last Week Tonight, John Oliver explored and explained the ugly world of debt of debt-buying.
And to really get a firm grasp of the industry, he and his team formed their own debt-buying company (Central Asset Recover Professionals, short for, “C.A.R.P., after the bottom-feeding fish.)”
And then CARP spent $60,000 buying almost $15 million in old medical debt.
Why? So Oliver could then forgive all that debt, thereby becoming the biggest giveaway in the history of television beating even Oprah Winfrey herself.
Watch the segment below.