1 00:00:09,033 --> 00:00:20,533 ♪ ♪ 2 00:00:20,600 --> 00:00:21,033 NO 3 00:00:21,100 --> 00:00:22,500 ♪ ♪ 4 00:00:22,566 --> 00:00:28,800 ♪ ♪ 5 00:00:28,866 --> 00:00:29,900 >> John: HI THERE! 6 00:00:29,966 --> 00:00:31,033 WELCOME TO THE SHOW. 7 00:00:31,100 --> 00:00:31,866 STILL TAKING PLACE 8 00:00:31,933 --> 00:00:33,100 IN THIS BLANK VOID. 9 00:00:33,166 --> 00:00:34,066 I'VE NICKNAMED IT 10 00:00:34,133 --> 00:00:35,266 "PRINCE PHILLIP'S COFFIN" 11 00:00:35,333 --> 00:00:36,300 BECAUSE IT'S A SAD LITTLE BOX 12 00:00:36,366 --> 00:00:37,566 CONTAINING A RAPIDLY DECOMPOSING 13 00:00:37,633 --> 00:00:39,066 BRITISH MAN. 14 00:00:39,133 --> 00:00:40,566 AND LOOK, IN THE WAKE OF 15 00:00:40,633 --> 00:00:41,966 THE SHOOTING OF DAUNTE WRIGHT 16 00:00:42,033 --> 00:00:43,166 LAST SUNDAY, I CAN SAFELY SAY: 17 00:00:43,233 --> 00:00:43,833 THIS WEEK HAS BEEN A FUCKING 18 00:00:43,900 --> 00:00:45,600 NIGHTMARE. 19 00:00:45,666 --> 00:00:47,200 FROM THE NEWS HE WAS PULLED OVER 20 00:00:47,266 --> 00:00:48,400 FOR MINOR TRAFFIC VIOLATIONS, 21 00:00:48,466 --> 00:00:49,466 INCLUDING HAVING AN 22 00:00:49,533 --> 00:00:51,033 AIR FRESHENER HANGING 23 00:00:51,100 --> 00:00:52,000 ON HIS REAR VIEW MIRROR, 24 00:00:52,066 --> 00:00:53,600 TO THE 26-YEAR-VETERAN OF 25 00:00:53,666 --> 00:00:55,133 THE POLICE FORCE WHO KILLED HIM 26 00:00:55,200 --> 00:00:55,966 CLAIMING IT WAS SOMEHOW AN 27 00:00:56,033 --> 00:00:58,700 ACCIDENT, TO THE LOCAL POLICE 28 00:00:58,766 --> 00:00:59,300 DEPARTMENT FLYING A THIN BLUE 29 00:00:59,366 --> 00:01:00,200 LINE FLAG AFTER THE SHOOTING. 30 00:01:00,266 --> 00:01:01,266 WHICH IS JUST CORN-FED, 31 00:01:01,333 --> 00:01:03,466 DEEP FRIED BULLSHIT. 32 00:01:03,533 --> 00:01:05,000 THE WEEK SANK INTO A 33 00:01:05,066 --> 00:01:06,266 DEPRESSINGLY FAMILIAR CYCLE, 34 00:01:06,333 --> 00:01:07,933 WITH THE PRESIDENT INSISTING ON 35 00:01:08,000 --> 00:01:09,400 "PEACEFUL PROTEST" -- WHICH IS 36 00:01:09,466 --> 00:01:10,833 SO OFTEN JUST ANOTHER WAY TO 37 00:01:10,900 --> 00:01:11,766 PRIORITIZE COMPLIANCE OVER 38 00:01:11,833 --> 00:01:13,166 RIGHTEOUS DISSENT, 39 00:01:13,233 --> 00:01:14,566 AND TO PROTECT PROPERTY OVER 40 00:01:14,633 --> 00:01:15,466 HUMAN LIVES. 41 00:01:15,533 --> 00:01:16,633 AND THOSE KIND OF CALLS WERE 42 00:01:16,700 --> 00:01:17,766 ESPECIALLY GALLING, GIVEN 43 00:01:17,833 --> 00:01:18,466 LAW ENFORCEMENT'S 44 00:01:18,533 --> 00:01:20,400 ANYTHING-BUT-PEACEFUL RESPONSE, 45 00:01:20,466 --> 00:01:21,433 AS POLICE FIRED TEAR GAS, 46 00:01:21,500 --> 00:01:23,200 RUBBER BULLETS, AND FLASH BANG 47 00:01:23,266 --> 00:01:24,566 GRENADES AT PROTESTORS, 48 00:01:24,633 --> 00:01:25,533 CREATING MORE TENSION AND 49 00:01:25,600 --> 00:01:26,933 ANXIETY IN AN ALREADY 50 00:01:27,000 --> 00:01:29,366 EMOTIONALLY EXHAUSTED CITY. 51 00:01:29,433 --> 00:01:31,166 AND LOOK, WE COULD KEEP UP OUR 52 00:01:31,233 --> 00:01:33,166 PART IN THAT CYCLE. 53 00:01:33,233 --> 00:01:34,933 RIGHT NOW, I COULD CITE 54 00:01:35,000 --> 00:01:37,200 STATISTICS ABOUT POLICE USING 55 00:01:37,266 --> 00:01:38,866 EXCESSIVE FORCE. 56 00:01:38,933 --> 00:01:39,933 I COULD DUNK ON ALL THE 57 00:01:40,000 --> 00:01:41,266 APPALLING RESPONSES FROM 58 00:01:41,333 --> 00:01:42,600 CONSERVATIVE MEDIA FIGURES. 59 00:01:42,666 --> 00:01:43,566 I COULD REITERATE, YET AGAIN, 60 00:01:43,633 --> 00:01:44,633 THAT WHAT HAPPENED IS COMPLETELY 61 00:01:44,700 --> 00:01:46,000 WRONG, BUT THE FACT IS, 62 00:01:46,066 --> 00:01:47,200 WE COULDN'T EVEN FINISH WRITING 63 00:01:47,266 --> 00:01:48,400 ABOUT WHAT HAPPENED TO 64 00:01:48,466 --> 00:01:49,500 DAUNTE WRIGHT BEFORE 65 00:01:49,566 --> 00:01:50,600 THE CITY OF CHICAGO RELEASED 66 00:01:50,666 --> 00:01:51,933 VIDEO OF ONE OF THEIR OFFICERS 67 00:01:52,000 --> 00:01:54,566 KILLING A 13-YEAR-OLD UNARMED 68 00:01:54,633 --> 00:01:55,600 CHILD, ADAM TOLEDO -- FOOTAGE 69 00:01:55,666 --> 00:01:56,966 WHICH CLEARLY CONTRADICTED 70 00:01:57,033 --> 00:01:58,366 THE PICTURE OF AN 71 00:01:58,433 --> 00:02:00,166 "ARMED CONFRONTATION" PAINTED BY 72 00:02:00,233 --> 00:02:01,866 THE POLICE AND THE MAYOR, 73 00:02:01,933 --> 00:02:07,133 AS WELL AS A PROSECUTOR WHO'D 74 00:02:07,200 --> 00:02:08,533 SAID TOLEDO HAD A GUN IN HIS 75 00:02:08,600 --> 00:02:10,233 HAND WHEN HE WAS SHOT. 76 00:02:10,300 --> 00:02:10,633 WHICH HE DID NOT. 77 00:02:10,700 --> 00:02:11,233 AND THAT REVELATION BEGAN 78 00:02:11,300 --> 00:02:12,366 THE CYCLE OF PROTESTS, 79 00:02:12,433 --> 00:02:13,133 CALLS FOR PEACE, AND POLICE 80 00:02:13,200 --> 00:02:14,466 OVERREACTION ALL OVER AGAIN. 81 00:02:14,533 --> 00:02:15,366 AND HERE IS THE THING. 82 00:02:15,433 --> 00:02:16,233 THIS SHOW HAS BEEN ON THE AIR 83 00:02:16,300 --> 00:02:17,700 FOR SEVEN YEARS NOW. 84 00:02:17,766 --> 00:02:19,100 WHICH, I KNOW, SOME MIGHT ARGUE 85 00:02:19,166 --> 00:02:20,533 IS EIGHT YEARS TOO MANY. 86 00:02:20,600 --> 00:02:21,833 AND IN THAT TIME, WE HAVE 87 00:02:21,900 --> 00:02:23,033 REPEATEDLY COVERED 88 00:02:23,100 --> 00:02:24,633 THE MULTIPLE WAYS POLICE 89 00:02:24,700 --> 00:02:25,600 TERRORIZE COMMUNITIES OF COLOR 90 00:02:25,666 --> 00:02:27,333 IN THIS COUNTRY. 91 00:02:27,400 --> 00:02:28,700 WE'VE DONE STORIES ON POLICE 92 00:02:28,766 --> 00:02:30,400 MILITARIZATION, ON THEIR OVERUSE 93 00:02:30,466 --> 00:02:31,733 OF MUNICIPAL VIOLATIONS 94 00:02:31,800 --> 00:02:33,500 AND RAIDS, ON THEIR LACK OF 95 00:02:33,566 --> 00:02:35,000 ACCOUNTABILITY, AND ON HOW 96 00:02:35,066 --> 00:02:36,800 THE HISTORY OF POLICING IN 97 00:02:36,866 --> 00:02:37,766 AMERICA IS INEXTRICABLY LINKED 98 00:02:37,833 --> 00:02:39,133 WITH WHITE SUPREMACY. 99 00:02:39,200 --> 00:02:40,100 AND I COULD MAKE THE SAME 100 00:02:40,166 --> 00:02:42,233 ARGUMENTS TO YOU AGAIN NOW. 101 00:02:42,300 --> 00:02:43,200 I COULD DESCRIBE THE PROBLEM TO 102 00:02:43,266 --> 00:02:44,366 YOU, BUT I THINK YOU KNOW WHAT 103 00:02:44,433 --> 00:02:46,233 -- AND WHO -- IT IS. 104 00:02:46,300 --> 00:02:47,733 I CAN OFFER SOLUTIONS, BUT I 105 00:02:47,800 --> 00:02:49,466 THINK YOU KNOW WHAT THEY ARE. 106 00:02:49,533 --> 00:02:51,400 I CAN OFFER ANGER, BUT IF YOU'RE 107 00:02:51,466 --> 00:02:53,000 A SENTIENT HUMAN BEING ALIVE 108 00:02:53,066 --> 00:02:54,533 RIGHT NOW AND YOU'RE NOT ALREADY 109 00:02:54,600 --> 00:02:55,200 FULL OF THAT, I HONESTLY DON'T 110 00:02:55,266 --> 00:02:57,233 KNOW WHAT TO SAY TO YOU. 111 00:02:57,300 --> 00:02:58,800 BECAUSE THE FACT IS, 112 00:02:58,866 --> 00:03:00,200 BLACK PEOPLE CONTINUE TO BE 113 00:03:00,266 --> 00:03:01,233 MOWED DOWN BY THE POLICE THAT 114 00:03:01,300 --> 00:03:03,000 THEY PAY FOR. 115 00:03:03,066 --> 00:03:04,100 AND IF YOU'VE WATCHED THE NEWS 116 00:03:04,166 --> 00:03:05,500 AT ALL THIS WEEK, YOU'RE 117 00:03:05,566 --> 00:03:06,533 PROBABLY EXHAUSTED. 118 00:03:06,600 --> 00:03:08,066 BLACK PEOPLE IN AMERICA 119 00:03:08,133 --> 00:03:09,366 DEFINITELY ARE. 120 00:03:09,433 --> 00:03:11,066 NOT JUST FROM THIS WEEK, 121 00:03:11,133 --> 00:03:12,000 BUT ALSO FROM THE, Y'KNOW, 122 00:03:12,066 --> 00:03:13,666 EVERYTHING. 123 00:03:13,733 --> 00:03:15,600 THE BLACK WRITERS ON THIS STAFF 124 00:03:15,666 --> 00:03:16,400 SET UP AN OUT OF OFFICE REPLY 125 00:03:16,466 --> 00:03:21,266 THAT JUST SAYS, "NAH." 126 00:03:21,333 --> 00:03:22,466 AND HONESTLY, I KIND OF GET IT. 127 00:03:22,533 --> 00:03:23,766 SO GIVEN ALL THAT, WE THOUGHT 128 00:03:23,833 --> 00:03:25,200 TONIGHT WE'D TRY AND BREAK OUR 129 00:03:25,266 --> 00:03:26,500 PART IN THIS CYCLE AND INSTEAD 130 00:03:26,566 --> 00:03:28,266 ATTEMPT TO DO SOMETHING 131 00:03:28,333 --> 00:03:29,466 A LITTLE BIT DIFFERENT. 132 00:03:29,533 --> 00:03:30,100 BECAUSE WE'VE DECIDED TO GIVE 133 00:03:30,166 --> 00:03:30,733 ANYONE WHO NEEDS IT A CHANCE TO 134 00:03:30,800 --> 00:03:32,066 REGROUP. 135 00:03:32,133 --> 00:03:34,733 AND THE NEXT SEVEN MINUTES ARE 136 00:03:34,800 --> 00:03:35,800 FOR ANYONE WHO'S FELT CRUSHED 137 00:03:35,866 --> 00:03:36,700 BY THIS WEEK. 138 00:03:36,766 --> 00:03:37,700 IF YOU CAN'T WATCH THOSE CLIPS 139 00:03:37,766 --> 00:03:38,533 AGAIN, WE'RE NOT GOING TO SHOW 140 00:03:38,600 --> 00:03:39,733 THEM TO YOU. 141 00:03:39,800 --> 00:03:41,600 INSTEAD, WE'RE GOING TO 142 00:03:41,666 --> 00:03:43,233 HOPEFULLY PROVIDE SOME TINY 143 00:03:43,300 --> 00:03:44,000 PIECES OF STUPID, SILLY JOY 144 00:03:44,066 --> 00:03:44,966 BEFORE WE ALL PLUNGE BACK INTO 145 00:03:45,033 --> 00:03:48,033 THE FIGHT. 146 00:03:48,100 --> 00:03:49,833 AND SO THAT IS WHY OUR FIRST 147 00:03:49,900 --> 00:03:50,733 STORY TONIGHT CONCERNS A GIANT 148 00:03:50,800 --> 00:03:51,966 BUNNY. 149 00:03:52,033 --> 00:03:53,433 SPECIFICALLY, ONE THAT'S GONE 150 00:03:53,500 --> 00:03:54,166 MISSING. 151 00:03:54,233 --> 00:03:55,133 AND IF YOU'RE THINKING, "YOU'RE 152 00:03:55,200 --> 00:03:56,000 NOT SERIOUSLY GOING TO TALK 153 00:03:56,066 --> 00:03:58,800 ABOUT A GIANT BUNNY RIGHT NOW," 154 00:03:58,866 --> 00:03:59,400 -- WELL, YOU HAVEN'T SEEN THE 155 00:03:59,466 --> 00:04:03,500 BUNNY YET. 156 00:04:03,566 --> 00:04:06,000 >> POLICE ARE SEARCHING FOR A 157 00:04:06,066 --> 00:04:06,600 GUINNESS WORLD RECORD HOLDING 158 00:04:06,666 --> 00:04:06,966 RABBIT. 159 00:04:07,033 --> 00:04:07,900 >> DARIUS, THE RABBIT RECORD 160 00:04:07,966 --> 00:04:09,233 BREAKER, LAST SEEN IN HIS 161 00:04:09,300 --> 00:04:10,900 HUTCH-CUM-SHED, LAST SATURDAY. 162 00:04:10,966 --> 00:04:12,133 AS THE WORLD'S LONGEST BUNNY HIS 163 00:04:12,200 --> 00:04:15,233 OWNER IS DESPERATE TO FIND HIM. 164 00:04:15,300 --> 00:04:17,666 ANNETTE EDWARDS TWEETED, "A VERY 165 00:04:17,733 --> 00:04:17,900 SAD DAY. 166 00:04:17,966 --> 00:04:18,966 THERE IS A REWARD OF 1,000 167 00:04:19,033 --> 00:04:20,300 POUNDS. 168 00:04:20,366 --> 00:04:22,166 DARIUS IS TOO OLD TO BREED NOW. 169 00:04:22,233 --> 00:04:26,000 SO PLEASE BRING HIM BACK." 170 00:04:26,066 --> 00:04:27,100 >> John: YEAH, THAT'S RIGHT, 171 00:04:27,166 --> 00:04:27,866 AMERICA: 172 00:04:27,933 --> 00:04:28,900 BIG RABBIT GOT TAKEN LIKE IN 173 00:04:28,966 --> 00:04:29,566 "TAKEN." 174 00:04:29,633 --> 00:04:33,433 LOOK AT THAT LONG LAD! 175 00:04:33,500 --> 00:04:34,800 AND BY THE WAY, AN APPEAL TO 176 00:04:34,866 --> 00:04:35,333 THE RABBIT SNATCHERS WITH 177 00:04:35,400 --> 00:04:36,133 "BRING HIM BACK, HE'S OLD, 178 00:04:36,200 --> 00:04:36,700 HE'S SHOOTING BLANKS. 179 00:04:36,766 --> 00:04:37,466 HE'S USELESS"? 180 00:04:37,533 --> 00:04:38,666 QUIT PUTTING DARIUS' BUSINESS 181 00:04:38,733 --> 00:04:40,366 OUT THERE IN THE STREETS. 182 00:04:40,433 --> 00:04:42,400 EVEN IN MIDDLE AGE, DARIUS IS 183 00:04:42,466 --> 00:04:43,300 A HOTROD WHOSE GOT YEARS OF 184 00:04:43,366 --> 00:04:44,166 BURROWING AND BANGING LEFT. 185 00:04:44,233 --> 00:04:45,266 GIVE HIM THE RESPECT 186 00:04:45,333 --> 00:04:46,900 HE DESERVES. 187 00:04:46,966 --> 00:04:49,433 AND THE FACT THIS BUNNY BEHEMOTH 188 00:04:49,500 --> 00:04:50,866 IS MISSING REALLY SOURS THIS 189 00:04:50,933 --> 00:04:52,333 CLIP OF DARIUS AND HIS OWNER 190 00:04:52,400 --> 00:04:54,800 FROM HAPPIER TIMES. 191 00:04:54,866 --> 00:04:56,400 >> HE'S NOW BRINGING OUT 192 00:04:56,466 --> 00:04:57,566 CHILDREN'S BOOKS, HE'S DOING 193 00:04:57,633 --> 00:04:58,266 A CALENDAR, HE'S DOING 194 00:04:58,333 --> 00:04:59,333 A WORLD TOUR. 195 00:04:59,400 --> 00:05:01,766 THERE'S NO STOPPING DARIUS! 196 00:05:01,833 --> 00:05:02,933 >> John: WELL, IT TURNS OUT 197 00:05:03,000 --> 00:05:06,100 THERE WAS ONE WAY TO STOP 198 00:05:06,166 --> 00:05:06,333 DARIUS! 199 00:05:06,400 --> 00:05:07,100 AND THAT'S STRAIGHT SNATCHING UP 200 00:05:07,166 --> 00:05:08,633 ALL 51 EXTREMELY WEIRD INCHES OF 201 00:05:08,700 --> 00:05:09,433 HIM. 202 00:05:09,500 --> 00:05:11,033 I GUESS PRIDE GOETH BEFORE 203 00:05:11,100 --> 00:05:12,900 THE FALL, AND AGGRESSIVE 204 00:05:12,966 --> 00:05:13,466 COMMODIFICATION GOETH BEFORE 205 00:05:13,533 --> 00:05:15,433 THE JUMBO JACKRABBIT JACKING. 206 00:05:15,500 --> 00:05:17,400 AND THE DISAPPEARANCE OF THIS 207 00:05:17,466 --> 00:05:18,766 ABSOLUTE MONSTROSITY WAS NOT 208 00:05:18,833 --> 00:05:20,133 THE ONLY BLISSFULLY STUPID STORY 209 00:05:20,200 --> 00:05:21,866 THIS WEEK. 210 00:05:21,933 --> 00:05:23,066 FOR A FEW DAYS, THE INTERNET 211 00:05:23,133 --> 00:05:24,266 LIT UP WITH THE CLAIM THAT 212 00:05:24,333 --> 00:05:25,300 USHER TIPPED VEGAS STRIPPERS 213 00:05:25,366 --> 00:05:26,700 IN USHER BUCKS WITH HIS FACE 214 00:05:26,766 --> 00:05:27,633 ON THEM. 215 00:05:27,700 --> 00:05:29,266 WHICH, ON THE ONE HAND, IS 216 00:05:29,333 --> 00:05:30,533 ICONIC, BUT, ON THE OTHER HAND, 217 00:05:30,600 --> 00:05:31,900 IS FUCKING ICONIC. 218 00:05:31,966 --> 00:05:33,366 AND I WOULDN'T BLAME THE DANCERS 219 00:05:33,433 --> 00:05:35,766 FOR BEING MAD ABOUT ENDING 220 00:05:35,833 --> 00:05:36,700 THEIR NIGHT WITH A THONG FULL OF 221 00:05:36,766 --> 00:05:38,266 USHER SELFIES. 222 00:05:38,333 --> 00:05:39,500 ALTHOUGH, I DO HAVE TO TELL YOU, 223 00:05:39,566 --> 00:05:40,966 THE STRIP CLUB INSISTS USHER 224 00:05:41,033 --> 00:05:42,000 DIDN'T USE FAKE MONEY TO TIP 225 00:05:42,066 --> 00:05:43,100 THE DANCERS, ADDING, 226 00:05:43,166 --> 00:05:44,666 "HE CONVERTED THOUSANDS OF 227 00:05:44,733 --> 00:05:46,066 REAL DOLLARS TO TIP THEM" AND 228 00:05:46,133 --> 00:05:47,566 "USHER WAS A TRUE GENTLEMAN." 229 00:05:47,633 --> 00:05:49,333 BUT TO ME, THAT ACTUALLY MAKES 230 00:05:49,400 --> 00:05:50,600 THIS STORY EVEN BETTER, BECAUSE 231 00:05:50,666 --> 00:05:52,000 "USHER WAS A TRUE GENTLEMAN" IS 232 00:05:52,066 --> 00:05:52,866 NOW MY FAVORITE THING I'VE EVER 233 00:05:52,933 --> 00:05:53,766 BEEN LEGALLY REQUIRED TO 234 00:05:53,833 --> 00:05:55,566 CLARIFY. 235 00:05:55,633 --> 00:05:56,933 AND THEN THERE WAS THIS. 236 00:05:57,000 --> 00:05:59,366 >> WE'RE GETTING A LOOK AT WHAT 237 00:05:59,433 --> 00:05:59,900 SOME ATHLETES WILL WEAR AT 238 00:05:59,966 --> 00:06:01,700 THE SUMMER OLYMPICS IN TOKYO. 239 00:06:01,766 --> 00:06:03,133 RALPH LAUREN UNVEILED THESE 240 00:06:03,200 --> 00:06:05,033 UNIFORMS FOR TEAM USA. 241 00:06:05,100 --> 00:06:08,066 THIS ENSEMBLE WILL BE WORN 242 00:06:08,133 --> 00:06:09,666 DURING THE CLOSING CEREMONY AND, 243 00:06:09,733 --> 00:06:10,633 >> John: OKAY, I'M JUST GOING TO 244 00:06:10,700 --> 00:06:11,766 SAY IT: THAT IS A TERRIBLE 245 00:06:11,833 --> 00:06:12,366 OUTFIT. 246 00:06:12,433 --> 00:06:13,433 THEY LOOK LIKE THE CAST OF 247 00:06:13,500 --> 00:06:14,633 A CBS SCI-FI DRAMA THAT NO ONE'S 248 00:06:14,700 --> 00:06:15,366 EVER HEARD OF DESPITE BEING ON 249 00:06:15,433 --> 00:06:16,566 THE AIR FOR 16 SEASONS. 250 00:06:16,633 --> 00:06:18,100 ALSO, WHY IS THE U.S. OLYMPIC 251 00:06:18,166 --> 00:06:19,600 TEAM ALWAYS OUTFITTED BY 252 00:06:19,666 --> 00:06:21,300 RALPH LAUREN, WHICH HAS BEEN 253 00:06:21,366 --> 00:06:23,300 HANDLING IT SINCE 2008, AND HAS 254 00:06:23,366 --> 00:06:24,500 CONSISTENTLY PRODUCED SHIT LIKE 255 00:06:24,566 --> 00:06:28,166 THIS, THIS, AND THIS -- AN 256 00:06:28,233 --> 00:06:29,166 OUTFIT THAT DOESN'T SCREAM, 257 00:06:29,233 --> 00:06:30,433 "I'M GOING TO THE OLYMPICS!" 258 00:06:30,500 --> 00:06:30,900 SO MUCH AS IT SCREAMS, 259 00:06:30,966 --> 00:06:31,433 "YOU THINK I'M RICH NOW? 260 00:06:31,500 --> 00:06:33,733 WAIT TILL MY DAD DIES!" 261 00:06:33,800 --> 00:06:35,700 I'M JUST SAYING, IT IS A CHOICE 262 00:06:35,766 --> 00:06:37,033 TO TAKE A DIVERSE COUNTRY OF 263 00:06:37,100 --> 00:06:39,166 300-PLUS MILLION PEOPLE AND 264 00:06:39,233 --> 00:06:39,733 GO WITH THE AESTHETIC OF 265 00:06:39,800 --> 00:06:40,733 THE BAD GUY IN EVERY '80s 266 00:06:40,800 --> 00:06:43,233 FRAT COMEDY. 267 00:06:43,300 --> 00:06:45,333 ALTHOUGH TO BE FAIR, OUR OLYMPIC 268 00:06:45,400 --> 00:06:46,766 OUTFITS WEREN'T THE ONLY ONES 269 00:06:46,833 --> 00:06:48,133 GRABBING ATTENTION THIS WEEK. 270 00:06:48,200 --> 00:06:48,966 >> HERE'S THE TEAM CANADA 271 00:06:49,033 --> 00:06:50,333 UNIFORM. 272 00:06:50,400 --> 00:06:51,766 >> OKAY. 273 00:06:51,833 --> 00:06:53,400 I LOVE IT. 274 00:06:53,466 --> 00:06:54,600 >> YOU LOVE IT? 275 00:06:54,666 --> 00:06:58,300 >> I DO LOVE IT. 276 00:06:58,366 --> 00:06:59,200 >> IT'S BILLED AS A TWIST ON 277 00:06:59,266 --> 00:07:00,866 THE ICONIC CANADIAN TUXEDO. 278 00:07:00,933 --> 00:07:03,800 >> John: OKAY, THAT JACKET IS 279 00:07:03,866 --> 00:07:04,666 STRAIGHT GARBAGE. 280 00:07:04,733 --> 00:07:05,766 IT LOOKS LIKE JAY LENO GOT 281 00:07:05,833 --> 00:07:06,833 TAGGED BY A STREET GANG OF 282 00:07:06,900 --> 00:07:12,100 EIGHT-YEAR-OLD GIRLS. 283 00:07:12,166 --> 00:07:13,366 AND THAT JACKET MIGHT LOOK GOOD 284 00:07:13,433 --> 00:07:13,800 ON ONE PERSON. 285 00:07:13,866 --> 00:07:14,933 THE PROBLEM IS, ON A GROUP OF 286 00:07:15,000 --> 00:07:16,100 HUNDREDS, THEY'RE ALL GOING TO 287 00:07:16,166 --> 00:07:16,633 LOOK LIKE A HIGH SCHOOL 288 00:07:16,700 --> 00:07:17,266 PRODUCTION OF CANADIAN "GREASE." 289 00:07:17,333 --> 00:07:18,933 ALTHOUGH I WILL SAY, 290 00:07:19,000 --> 00:07:19,933 I'VE ALWAYS FELT IT'S WRONG THAT 291 00:07:20,000 --> 00:07:21,166 "CANADIAN TUXEDO" REFERS TO 292 00:07:21,233 --> 00:07:22,666 HEAD-TO-TOE DENIM, AND NOT 293 00:07:22,733 --> 00:07:25,466 FORMALWEAR SPECIFICALLY DESIGNED 294 00:07:25,533 --> 00:07:26,866 FOR A FANCY MOOSE. 295 00:07:26,933 --> 00:07:27,933 THIS BIG BOY KNOWS WHAT'S UP. 296 00:07:28,000 --> 00:07:29,933 BLAST ME, KING. 297 00:07:30,000 --> 00:07:31,233 AND IF THAT WASN'T ALREADY FUN 298 00:07:31,300 --> 00:07:33,066 ENOUGH NEWS FROM CANADA THIS 299 00:07:33,133 --> 00:07:34,700 WEEK, THERE WAS ALSO THIS: 300 00:07:34,766 --> 00:07:35,366 >> THIS IS A MEMBER OF THE 301 00:07:35,433 --> 00:07:36,700 CANADIAN PARLIAMENT WHO WAS 302 00:07:36,766 --> 00:07:37,466 CAUGHT NAKED -- 303 00:07:37,533 --> 00:07:39,433 [LAUGHS] 304 00:07:39,500 --> 00:07:41,200 NAKED ON A VIRTUAL 305 00:07:41,266 --> 00:07:43,566 HOUSE OF COMMONS MEETING. 306 00:07:43,633 --> 00:07:46,733 HE HAS SINCE APOLOGIZED IN AN 307 00:07:46,800 --> 00:07:48,000 SAYING HE HAD BEEN CHANGING INTO 308 00:07:48,066 --> 00:07:49,566 HIS WORK CLOTHES AFTER GOING FOR 309 00:07:49,633 --> 00:07:50,100 A JOG. 310 00:07:50,166 --> 00:07:53,633 QUITE WHY HE DID THAT IN FRONT 311 00:07:53,700 --> 00:07:56,100 OF A CAMERA, I MEAN, WHO KNOWS. 312 00:07:56,166 --> 00:07:56,566 [LAUGHS] 313 00:07:56,633 --> 00:07:58,066 >> John: NOW, OBVIOUSLY, 314 00:07:58,133 --> 00:08:01,500 I FEEL TERRIBLE FOR THAT MAN. 315 00:08:01,566 --> 00:08:02,466 IT WAS CLEARLY A COMPLETE 316 00:08:02,533 --> 00:08:03,233 ACCIDENT. 317 00:08:03,300 --> 00:08:04,100 ALTHOUGH I WILL SAY, HE'S GOT 318 00:08:04,166 --> 00:08:06,533 ABSOLUTELY NOTHING TO BE 319 00:08:06,600 --> 00:08:06,933 ASHAMED OF THERE. 320 00:08:07,000 --> 00:08:07,500 HE'S KEEPIN' TIGHT AND HE'S 321 00:08:07,566 --> 00:08:08,400 KEEPIN' IT RIGHT. 322 00:08:08,466 --> 00:08:09,366 HE'S MAINTAINING WHILE THE REST 323 00:08:09,433 --> 00:08:10,000 OF US ARE GAINING. 324 00:08:10,066 --> 00:08:10,466 A JOG? 325 00:08:10,533 --> 00:08:11,333 IN THE MIDDLE OF THE WORK DAY? 326 00:08:11,400 --> 00:08:13,233 THAT IS HOT MALE BEHAVIOR. 327 00:08:13,300 --> 00:08:14,600 I HAVEN'T TAKEN A JOG 328 00:08:14,666 --> 00:08:15,366 IN THE MIDDLE OF A WORK DAY 329 00:08:15,433 --> 00:08:17,166 SINCE SEPTEMBER 11th. 330 00:08:17,233 --> 00:08:19,133 AND BY THE WAY, IF YOU THINK HE 331 00:08:19,200 --> 00:08:19,933 LOOKS GOOD WITH HIS CLOTHES OFF, 332 00:08:20,000 --> 00:08:20,500 WAIT TIL YOU SEE HIM WITH 333 00:08:20,566 --> 00:08:21,433 CLOTHES ON. 334 00:08:21,500 --> 00:08:23,466 HEY, CANADA! 335 00:08:23,533 --> 00:08:24,700 CHECK YOUR CARBON EMISSIONS, 336 00:08:24,766 --> 00:08:25,800 BECAUSE THERE'S A MASSIVE SMOKE 337 00:08:25,866 --> 00:08:28,266 STACK IN YOUR PARLIAMENT. 338 00:08:28,333 --> 00:08:31,033 AND I HAVE TO SAY, IT'S TRULY 339 00:08:31,100 --> 00:08:32,333 DELIGHTFUL WATCHING A NEWS 340 00:08:32,400 --> 00:08:34,866 PACKAGE THAT'S JUST "TIMID MAN 341 00:08:34,933 --> 00:08:35,500 POLITELY GIGGLES OVER PHOTO OF 342 00:08:35,566 --> 00:08:36,133 NAKED PALE GUY," OR AS IT'S MORE 343 00:08:36,200 --> 00:08:36,800 COMMONLY KNOWN: "HARD CORE 344 00:08:36,866 --> 00:08:40,466 CANADIAN PORN." 345 00:08:40,533 --> 00:08:42,466 AND AS IF THIS STORY COULDN'T 346 00:08:42,533 --> 00:08:43,433 GET ANY BETTER, JUST WATCH HIS 347 00:08:43,500 --> 00:08:44,666 FELLOW M.P. ADDRESS THE INCIDENT 348 00:08:44,733 --> 00:08:46,500 IN THE MOST EXCEEDINGLY TACTFUL 349 00:08:46,566 --> 00:08:48,433 WAY. 350 00:08:48,500 --> 00:08:51,566 >> WE'VE SEEN A MEMBER DURING 351 00:08:51,633 --> 00:08:54,033 QUESTION PERIOD IMPROPERLY 352 00:08:54,100 --> 00:08:56,366 DRESSED -- THAT IS, UNCLOTHED. 353 00:08:56,433 --> 00:08:59,400 WE HAVE SEEN THAT THE MEMBER WAS 354 00:08:59,466 --> 00:09:01,333 IN VERY GOOD SHAPE, BUT I THINK 355 00:09:01,400 --> 00:09:03,166 THAT THIS MEMBER SHOULD BE 356 00:09:03,233 --> 00:09:04,366 REMINDED OF WHAT IS APPROPRIATE 357 00:09:04,433 --> 00:09:05,333 AND TO CONTROL HIS CAMERA. 358 00:09:05,400 --> 00:09:07,400 THANK YOU. 359 00:09:07,466 --> 00:09:08,666 >> John: THAT IS AN AGGRESSIVELY 360 00:09:08,733 --> 00:09:10,533 CANADIAN RESPONSE. 361 00:09:10,600 --> 00:09:11,833 SAY WHAT YOU WILL ABOUT 362 00:09:11,900 --> 00:09:13,366 CANADIANS -- AND THESE OUTFITS 363 00:09:13,433 --> 00:09:15,500 SAY MORE THAN ANYONE EVER COULD 364 00:09:15,566 --> 00:09:16,433 -- BUT ONE THING YOU CAN'T 365 00:09:16,500 --> 00:09:17,866 ACCUSE THEM OF IS BEING 366 00:09:17,933 --> 00:09:19,066 IMPOLITE, EVEN IN THE FACE OF 367 00:09:19,133 --> 00:09:25,066 UNREQUESTED NUDITY. 368 00:09:25,133 --> 00:09:26,400 AND WHILE I AM REALLY SORRY THAT 369 00:09:26,466 --> 00:09:27,333 HAPPENED TO THIS GUY, WHO SEEMS 370 00:09:27,400 --> 00:09:30,300 TO HAVE WEATHERED THE INCIDENT 371 00:09:30,366 --> 00:09:31,600 WITH GOOD GRACE, I HONESTLY 372 00:09:31,666 --> 00:09:32,433 NEEDED THIS STORY THIS WEEK. 373 00:09:32,500 --> 00:09:33,533 AND I APOLOGIZE FOR THE FACT 374 00:09:33,600 --> 00:09:34,400 THAT DESPITE THIS BEING ENTIRELY 375 00:09:34,466 --> 00:09:35,066 COMPLIMENTARY, "THE DAILY BEAST" 376 00:09:35,133 --> 00:09:36,000 WILL UNDENIABLY WRITE IT UP 377 00:09:36,066 --> 00:09:37,866 TOMORROW WITH THE HEADLINE, 378 00:09:37,933 --> 00:09:38,833 "JOHN OLIVER EVISCERATES THIS 379 00:09:38,900 --> 00:09:41,533 CANADIAN'S HOG." 380 00:09:41,600 --> 00:09:43,000 THE POINT IS, A BUNCH OF FUN, 381 00:09:43,066 --> 00:09:44,633 WEIRD SHIT HAPPENED THIS WEEK! 382 00:09:44,700 --> 00:09:46,800 AND WE WANTED TO GIVE YOU A 383 00:09:46,866 --> 00:09:48,166 CHANCE TO LAUGH AT IT, TO GIVE 384 00:09:48,233 --> 00:09:49,566 YOU JUST A BREATH AT THE END OF 385 00:09:49,633 --> 00:09:51,000 A TRULY DEMORALIZING WEEK. 386 00:09:51,066 --> 00:09:52,566 SO IF YOU NEEDED A BREAK, 387 00:09:52,633 --> 00:09:54,866 I REALLY HOPE THAT GAVE YOU ONE. 388 00:09:54,933 --> 00:09:56,833 AND IF YOU DIDN'T NEED A BREAK, 389 00:09:56,900 --> 00:09:57,866 MAYBE ASK YOURSELF WHY THE FUCK 390 00:09:57,933 --> 00:09:59,000 NOT, AND THINK ABOUT THAT 391 00:09:59,066 --> 00:10:00,633 FOR A WHILE. 392 00:10:00,700 --> 00:10:03,666 BECAUSE THE FACT IS, IT'S ONCE 393 00:10:03,733 --> 00:10:05,566 AGAIN MADE PAINFULLY CLEAR THAT 394 00:10:05,633 --> 00:10:07,100 WE -- AND WHEN I SAY "WE," I 395 00:10:07,166 --> 00:10:08,700 MEAN WHITE AMERICA -- HAVE TO 396 00:10:08,766 --> 00:10:10,800 STOP TALKING ABOUT FUNDAMENTAL 397 00:10:10,866 --> 00:10:12,133 CHANGE IN POLICING AND ACTUALLY 398 00:10:12,200 --> 00:10:13,333 MAKE IT HAPPEN. 399 00:10:13,400 --> 00:10:15,000 BECAUSE THIS CYCLE OF STATE 400 00:10:15,066 --> 00:10:16,300 VIOLENCE AGAINST BLACK LIVES 401 00:10:16,366 --> 00:10:18,533 HAS TO BE STOPPED. 402 00:10:18,600 --> 00:10:19,600 SO PUT ON YOUR SHOES, LEAVE THE 403 00:10:19,666 --> 00:10:22,933 HOUSE, MARCH IN THE STREETS, AND 404 00:10:23,000 --> 00:10:24,300 DEMAND A BETTER COUNTRY, ONE IN 405 00:10:24,366 --> 00:10:26,300 WHICH BLACK PEOPLE ARE TREATED 406 00:10:26,366 --> 00:10:28,400 WITH FUNDAMENTAL RESPECT, AND 407 00:10:28,466 --> 00:10:29,833 ONE IN WHICH THE BIG NEWS OF 408 00:10:29,900 --> 00:10:31,400 THE WEEK GENUINELY COULD BE 409 00:10:31,466 --> 00:10:32,200 "IMPRACTICALLY LARGE RABBIT GOES 410 00:10:32,266 --> 00:10:33,133 MISSING." 411 00:10:33,200 --> 00:10:34,800 AND NOW, THIS. 412 00:10:34,866 --> 00:10:35,033 ♪ ♪ 413 00:10:35,100 --> 00:10:38,633 >> Announcer: AND NOW... 414 00:10:38,700 --> 00:10:40,700 THE COMMERCIALS ON FOX NEWS IN 415 00:10:40,766 --> 00:10:43,433 THE MIDDLE OF THE NIGHT OF 416 00:10:43,500 --> 00:10:45,500 EXACTLY WHO THEY ARE TALKING TO. 417 00:10:45,566 --> 00:10:50,400 >> MEN OVER 45, DO YOU HAVE A 418 00:10:50,466 --> 00:10:56,066 FREQUENT, URGENT NEED TO 419 00:10:56,133 --> 00:10:56,333 URINATE? 420 00:10:56,400 --> 00:10:59,333 >> REDUCE YOUR URGES TO EARN 421 00:10:59,400 --> 00:11:00,333 SPEETWO URINATE. 422 00:11:00,533 --> 00:11:02,433 >> GUYS, ARE YOU DONE WITH 2020? 423 00:11:02,500 --> 00:11:04,500 ALL THE BAGGAGE THAT CAME ALONG 424 00:11:04,566 --> 00:11:05,633 WITH IT? 425 00:11:05,700 --> 00:11:07,266 GUYS, WHAT HAPPENED TO YOU? 426 00:11:07,333 --> 00:11:08,500 YOU CAN'T GET IT BACK. 427 00:11:08,566 --> 00:11:11,433 >> AS WE GET OLDER, WE ALL LOSE 428 00:11:11,500 --> 00:11:11,766 TESTOSTERONE. 429 00:11:11,833 --> 00:11:14,833 >> GUYS, GOT HAIR LOSS? 430 00:11:14,900 --> 00:11:16,500 >> GUYS, TIRED OF FREQUENT 431 00:11:16,566 --> 00:11:17,133 NIGHTTIME BATHROOM TRIPS? 432 00:11:17,200 --> 00:11:19,366 >> GUYS, IT'S THAT TIME AND 433 00:11:19,433 --> 00:11:20,600 NOTHING IS HAPPENING. 434 00:11:20,666 --> 00:11:21,566 >> GUYS. 435 00:11:21,633 --> 00:11:21,800 >> GUYS. 436 00:11:21,866 --> 00:11:26,200 >> GUYS, WAKING UP OVER AND OVER 437 00:11:26,266 --> 00:11:26,700 TO URINATE IS NOT OKAY. 438 00:11:26,766 --> 00:11:28,500 ♪ ♪ 439 00:11:28,566 --> 00:11:30,166 >> John: MOVING ON. 440 00:11:30,233 --> 00:11:31,066 OUR MAIN STORY TONIGHT CONCERNS 441 00:11:31,133 --> 00:11:31,666 BANKRUPTCY. 442 00:11:31,733 --> 00:11:33,100 YOU PROBABLY KNOW IT FROM BEING 443 00:11:33,166 --> 00:11:34,000 THE WORST POSSIBLE OUTCOME ON 444 00:11:34,066 --> 00:11:35,433 "WHEEL OF FORTUNE," ASIDE FROM 445 00:11:35,500 --> 00:11:36,966 HUGGING PAT SAJAK OR WINNING A 446 00:11:37,033 --> 00:11:38,300 MITSUBISHI MIRAGE. 447 00:11:38,366 --> 00:11:39,266 OR MAYBE YOU'RE FAMILIAR WITH IT 448 00:11:39,333 --> 00:11:40,633 THROUGH ADS FOR BANKRUPTCY 449 00:11:40,700 --> 00:11:41,766 LAWYERS LIKE THIS: 450 00:11:41,833 --> 00:11:43,266 >> ONCE UPON A TIME THERE WAS 451 00:11:43,333 --> 00:11:45,333 A FAIR MAIDEN NAMED MARY. 452 00:11:45,400 --> 00:11:47,333 MARY LIVED A STORYBOOK LIFE 453 00:11:47,400 --> 00:11:49,600 UNTIL HER PRINCE CHARMING WAS 454 00:11:49,666 --> 00:11:51,333 SMASHED FROM HIS STEED, THEN HER 455 00:11:51,400 --> 00:11:53,866 CASTLE CAME UNDER SIEGE AND THE 456 00:11:53,933 --> 00:11:56,133 CRIES OF ASSAULT WERE VEXING. 457 00:11:56,200 --> 00:11:58,600 HER CHAMPION HAD BEEN GRAVELY 458 00:11:58,666 --> 00:11:59,900 INJURED AND A POX HAD FALLEN 459 00:11:59,966 --> 00:12:02,533 UPON HER HOUSE. 460 00:12:02,600 --> 00:12:04,100 >> I'VE HELPED THOUSANDS OF 461 00:12:04,166 --> 00:12:05,900 CLIENTS LIKE MARY AND I COULD 462 00:12:05,966 --> 00:12:06,500 PROBABLY HELP YOU GET A FRESH 463 00:12:06,566 --> 00:12:08,600 START. 464 00:12:08,666 --> 00:12:10,333 >> John: WOW, THERE IS A LOT 465 00:12:10,400 --> 00:12:11,700 THERE, FROM AN UNMARKED VAN 466 00:12:11,766 --> 00:12:14,366 FULLY "MEAN GIRLS"-ING MARY'S 467 00:12:14,433 --> 00:12:15,000 HUSBAND, TO HIM SURVIVING WITH 468 00:12:15,066 --> 00:12:15,633 WHAT APPEAR TO BE SURPRISINGLY 469 00:12:15,700 --> 00:12:17,066 MINOR INJURIES, TO THAT LAWYER 470 00:12:17,133 --> 00:12:19,133 CLAIMING HE'S HELPED THOUSANDS 471 00:12:19,200 --> 00:12:19,733 OF CLIENTS LIKE MARY. 472 00:12:19,800 --> 00:12:21,066 MEANING THAT IN THE CHATTANOOGA 473 00:12:21,133 --> 00:12:22,700 AREA, THERE ARE THOUSANDS OF 474 00:12:22,766 --> 00:12:24,166 WOMEN WHO'VE WATCHED THEIR 475 00:12:24,233 --> 00:12:26,266 HUSBAND GET SHIT STOMPED BY 476 00:12:26,333 --> 00:12:27,900 A CARGO VAN, AND TAKE WHAT CAN 477 00:12:27,966 --> 00:12:28,900 ONLY BE DESCRIBED AS A GATLING 478 00:12:28,966 --> 00:12:31,766 GUN OF MAIL TO THE FACE. 479 00:12:31,833 --> 00:12:32,433 IF THAT IS TRUE, THEY'VE GOT 480 00:12:32,500 --> 00:12:33,633 A WAY MORE LUCRATIVE LAWSUIT 481 00:12:33,700 --> 00:12:35,000 THAN A BANKRUPTCY CASE. 482 00:12:35,066 --> 00:12:37,566 WHAT THAT AD IS PROMISING IS 483 00:12:37,633 --> 00:12:38,866 ATTRACTIVE, THOUGH: A FRESH 484 00:12:38,933 --> 00:12:40,333 START FROM YOUR DEBTS. 485 00:12:40,400 --> 00:12:42,833 AND IT'S SOMETHING A LOT OF 486 00:12:42,900 --> 00:12:43,300 PEOPLE HAVE TURNED TO. 487 00:12:43,366 --> 00:12:44,266 OVER THE PAST DECADE, THE NUMBER 488 00:12:44,333 --> 00:12:46,700 OF PERSONAL BANKRUPTCIES FILED 489 00:12:46,766 --> 00:12:47,333 EACH YEAR HAS RANGED FROM ABOUT 490 00:12:47,400 --> 00:12:50,100 800,000 TO 1.5 MILLION. 491 00:12:50,166 --> 00:12:51,466 AND MANY WORRY THAT ONCE 492 00:12:51,533 --> 00:12:53,266 THE CURRENT PANDEMIC ASSISTANCE 493 00:12:53,333 --> 00:12:55,733 STOPS, MORE AND MORE WILL NEED 494 00:12:55,800 --> 00:12:57,466 THE TYPE OF HELP THAT BANKRUPTCY 495 00:12:57,533 --> 00:12:58,733 OFFERS. 496 00:12:58,800 --> 00:13:00,366 BECAUSE VERY BASICALLY, 497 00:13:00,433 --> 00:13:06,500 BANKRUPTCY IS A LEGAL PROCEDURE 498 00:13:06,566 --> 00:13:08,933 BY WHICH THOSE WHO ARE DEEPLY 499 00:13:09,000 --> 00:13:14,666 WEIGHTED DOWN BY 500 00:13:14,733 --> 00:13:15,533 DEBTS CAN GET OUT FROM 501 00:13:15,600 --> 00:13:16,466 UNDERNEATH THEM AND THEN START 502 00:13:16,533 --> 00:13:17,233 ANEW. 503 00:13:17,300 --> 00:13:18,200 WHICH IS GOOD! 504 00:13:18,266 --> 00:13:19,433 ALTHOUGH IT COMES WITH SOME 505 00:13:19,500 --> 00:13:20,766 CONSEQUENCES -- IT'LL BE ON YOUR 506 00:13:20,833 --> 00:13:21,400 CREDIT REPORT, AND THERE TENDS 507 00:13:21,466 --> 00:13:22,066 TO BE SOME SOCIAL STIGMA 508 00:13:22,133 --> 00:13:23,100 ATTACHED, AS EXEMPLIFIED IN THIS 509 00:13:23,166 --> 00:13:23,633 CLIP FROM "SHARK TANK." 510 00:13:23,700 --> 00:13:24,500 >> JEFF, I UNDERSTAND YOUR 511 00:13:24,566 --> 00:13:25,766 DECISION TO GO BANKRUPT, 512 00:13:25,833 --> 00:13:26,433 CLEANS THE SLATE, BUT IT CARRIES 513 00:13:26,500 --> 00:13:27,866 A WEIGHT. 514 00:13:27,933 --> 00:13:28,800 YOU'LL NEVER HAVE A BANK, 515 00:13:28,866 --> 00:13:29,333 JEFF. 516 00:13:29,400 --> 00:13:30,333 EVER. 517 00:13:30,400 --> 00:13:35,933 TO ME, YOU'RE RADIOACTIVE. 518 00:13:36,000 --> 00:13:37,300 >> THERE ARE A MILLION PEOPLE 519 00:13:37,366 --> 00:13:38,133 OUT THERE WHO ARE GOING TO GET 520 00:13:38,200 --> 00:13:38,700 THE WRONG MESSAGE FROM WHAT 521 00:13:38,766 --> 00:13:39,000 YOU'RE SAYING. 522 00:13:39,066 --> 00:13:40,166 >> NO, THEY'RE GETTING THE RIGHT 523 00:13:40,233 --> 00:13:40,900 MESSAGE. 524 00:13:40,966 --> 00:13:43,633 THEY SHOULD NOT GO BANKRUPT. 525 00:13:43,700 --> 00:13:47,366 >> John: WELL, HOLD ON. 526 00:13:47,433 --> 00:13:48,000 BECAUSE THAT IS A TERRIBLE 527 00:13:48,066 --> 00:13:48,533 LESSON. 528 00:13:48,600 --> 00:13:49,266 AND YOU, KEVIN O'LEARY, ARE 529 00:13:49,333 --> 00:13:50,233 HARDLY ONE TO BE CALLING 530 00:13:50,300 --> 00:13:51,566 SOMEONE'S DECISIONS 531 00:13:51,633 --> 00:13:54,700 "RADIOACTIVE," GIVEN YOU 532 00:13:54,766 --> 00:13:59,233 INVESTED IN COMPANIES WITH 533 00:13:59,300 --> 00:13:59,833 BUSINESS MODELS LIKE: 534 00:13:59,900 --> 00:14:01,133 PUT YOUR FACE ON A POTATO, 535 00:14:01,200 --> 00:14:01,833 LOOK LIKE AN IDIOT 536 00:14:01,900 --> 00:14:02,833 ON A UNICYCLE, AND TOYGAROO, 537 00:14:02,900 --> 00:14:03,400 THE NETFLIX FOR TOYS, WHOSE 538 00:14:03,466 --> 00:14:04,600 MASCOT ALWAYS LOOKED LIKE IT WAS 539 00:14:04,666 --> 00:14:05,433 SEARCHING FOR A PLACE TO TAKE A 540 00:14:05,500 --> 00:14:05,900 SHIT. 541 00:14:05,966 --> 00:14:07,233 AND WHICH, INTERESTINGLY, FILED 542 00:14:07,300 --> 00:14:07,733 FOR FUCKING BANKRUPTCY. 543 00:14:07,800 --> 00:14:08,933 SO I'M SORRY, KEVIN, BUT TO ME, 544 00:14:09,000 --> 00:14:09,533 THAT MAKES YOU RADIOACTIVE. 545 00:14:09,600 --> 00:14:10,233 I'M OUT! 546 00:14:10,300 --> 00:14:11,433 BUT THAT BROAD-BRUSH 547 00:14:11,500 --> 00:14:12,666 STIGMATIZATION IS COMMON AND 548 00:14:12,733 --> 00:14:15,266 COMPLETELY MISGUIDED. 549 00:14:15,333 --> 00:14:17,433 BECAUSE BANKRUPTCY IS NOT SOLELY 550 00:14:17,500 --> 00:14:19,766 CAUSED BY BAD DECISIONS, IT'S 551 00:14:19,833 --> 00:14:21,233 OFTEN CAUSED BY BAD LUCK: 552 00:14:21,300 --> 00:14:22,166 UNAVOIDABLE CHALLENGES 553 00:14:22,233 --> 00:14:23,800 LIKE JOB LOSS, DIVORCE, SURPRISE 554 00:14:23,866 --> 00:14:25,433 MEDICAL BILLS, OR PERHAPS EVEN 555 00:14:25,500 --> 00:14:26,933 -- Y'KNOW -- A ONCE IN A CENTURY 556 00:14:27,000 --> 00:14:28,633 GLOBAL PANDEMIC. 557 00:14:28,700 --> 00:14:30,466 AND DESPITE BANKRUPTCY OFTEN 558 00:14:30,533 --> 00:14:31,533 BEING CHARACTERIZED AS AN 559 00:14:31,600 --> 00:14:34,033 "EASY OUT," THE WAY IT'S 560 00:14:34,100 --> 00:14:35,066 CURRENTLY SET UP, IT'S SOMETIMES 561 00:14:35,133 --> 00:14:35,900 NOT AN "OUT" AT ALL, AS THIS 562 00:14:35,966 --> 00:14:37,633 COUPLE LEARNED. 563 00:14:37,700 --> 00:14:39,333 >> BEFORE YOU'RE DONE AND OVER 564 00:14:39,400 --> 00:14:40,066 WITH, YOU'RE DEFINITELY LOOKING 565 00:14:40,133 --> 00:14:42,100 TO SPEND AT LEAST $1,000 TO 566 00:14:42,166 --> 00:14:44,733 FILE -- TO CLAIM BANKRUPTCY. 567 00:14:44,800 --> 00:14:47,366 WE DON'T HAVE $1,000. 568 00:14:47,433 --> 00:14:49,100 >> ARE YOU TELLING ME YOU CAN'T 569 00:14:49,166 --> 00:14:50,200 AFFORD -- 570 00:14:50,266 --> 00:14:51,033 >> WE CAN'T AFFORD TO GO 571 00:14:51,100 --> 00:14:52,066 BANKRUPT. 572 00:14:52,133 --> 00:14:53,400 >> WE CAN'T, CORRECT. 573 00:14:53,466 --> 00:14:56,000 >> YET, WE'RE $50,000 IN DEBT. 574 00:14:56,066 --> 00:14:57,166 SO, WHAT DO WE DO? 575 00:14:57,233 --> 00:14:58,833 >> John: YEAH, A LOT OF PEOPLE 576 00:14:58,900 --> 00:15:01,066 CAN'T AFFORD TO GO BANKRUPT. 577 00:15:01,133 --> 00:15:02,300 A TRUE SENTENCE THAT 578 00:15:02,366 --> 00:15:04,566 FUNDAMENTALLY DOESN'T MAKE 579 00:15:04,633 --> 00:15:06,500 SENSE, LIKE "SONIC DRIVE-INS 580 00:15:06,566 --> 00:15:08,266 ADVERTISE IN CITIES WHERE THERE 581 00:15:08,333 --> 00:15:09,600 ARE NO SONIC LOCATIONS" OR 582 00:15:09,666 --> 00:15:10,300 THE SEQUEL TO "NOW YOU SEE ME" 583 00:15:10,366 --> 00:15:12,366 WASN'T CALLED "NOW YOU DON'T," 584 00:15:12,433 --> 00:15:13,333 OR ELON MUSK DOESN'T FUCK HIS 585 00:15:13,400 --> 00:15:15,933 CARS. 586 00:15:16,000 --> 00:15:18,733 I MEAN, COME ON, THAT'S THE 587 00:15:18,800 --> 00:15:20,666 FACE OF A MAN WHO'S AT THE VERY 588 00:15:20,733 --> 00:15:21,500 LEAST MEASURED THE CIRCUMFERENCE 589 00:15:21,566 --> 00:15:21,966 OF THE CHARGING POINT. 590 00:15:22,033 --> 00:15:23,000 SO GIVEN ALL THAT, TONIGHT, 591 00:15:23,066 --> 00:15:23,833 LET'S TAKE A LOOK AT PERSONAL 592 00:15:23,900 --> 00:15:26,433 BANKRUPTCY. 593 00:15:26,500 --> 00:15:27,600 OUR MODERN BANKRUPTCY CODE 594 00:15:27,666 --> 00:15:29,466 WAS ENACTED IN 1978 -- 595 00:15:29,533 --> 00:15:30,533 INTERESTINGLY, AROUND THE SAME 596 00:15:30,600 --> 00:15:31,500 TIME THAT THE CREDIT CARD 597 00:15:31,566 --> 00:15:32,733 INDUSTRY BEGAN TO ENJOY A PERIOD 598 00:15:32,800 --> 00:15:34,700 OF STEADY DEREGULATION. 599 00:15:34,766 --> 00:15:37,300 WHICH WORKED OUT VERY WELL FOR 600 00:15:37,366 --> 00:15:38,900 THEM, BECAUSE THEY MARKETED 601 00:15:38,966 --> 00:15:40,600 THEMSELVES AGGRESSIVELY, AND 602 00:15:40,666 --> 00:15:42,000 DURING THIS TIME, CONSUMER DEBT 603 00:15:42,066 --> 00:15:43,400 BEGAN TO SHARPLY RISE. 604 00:15:43,466 --> 00:15:45,533 AND WHAT THE INDUSTRY CLEARLY 605 00:15:45,600 --> 00:15:46,800 WANTED WAS PEOPLE STUCK IN A 606 00:15:46,866 --> 00:15:48,433 LUCRATIVE CYCLE OF MINIMUM 607 00:15:48,500 --> 00:15:49,200 PAYMENTS, LATE FEES, AND 608 00:15:49,266 --> 00:15:51,633 INTEREST HIKES. 609 00:15:51,700 --> 00:15:54,100 WHAT THEY DIDN'T WANT SPOILING 610 00:15:54,166 --> 00:15:54,666 THAT WAS PEOPLE CUTTING THAT 611 00:15:54,733 --> 00:15:55,333 CYCLE SHORT THROUGH BANKRUPTCY. 612 00:15:55,400 --> 00:15:58,500 SO BY THE LATE '90s, 613 00:15:58,566 --> 00:15:59,133 THEY WERE LOBBYING SENATORS LIKE 614 00:15:59,200 --> 00:15:59,933 CHUCK GRASSLEY HARD TO CURB WHAT 615 00:16:00,000 --> 00:16:03,100 THEY FRAMED AS "BANKRUPTCY 616 00:16:03,166 --> 00:16:04,033 ABUSE." 617 00:16:04,100 --> 00:16:06,400 BASICALLY ARGUING THAT PEOPLE 618 00:16:06,466 --> 00:16:06,966 WHO CAN "AFFORD" TO PAY WERE 619 00:16:07,033 --> 00:16:07,900 USING BANKRUPTCY AS AN EASY WAY 620 00:16:08,000 --> 00:16:09,600 TO NOT PAY BILLS AND PASS THE 621 00:16:09,666 --> 00:16:14,533 COSTS ON TO THE REST OF US. 622 00:16:14,600 --> 00:16:17,466 AND GRASSLEY SEEMED MORE THAN 623 00:16:17,533 --> 00:16:18,100 HAPPY TO REPEAT SOME OF THEIR 624 00:16:18,166 --> 00:16:18,466 TALKING POINTS. 625 00:16:18,533 --> 00:16:19,333 >> THERE'S NOT A SINGLE FAMILY 626 00:16:19,400 --> 00:16:20,400 IN AMERICA -- LOW INCOME OR HIGH 627 00:16:20,466 --> 00:16:22,733 INCOME -- THAT IS NOT PAYING 628 00:16:22,800 --> 00:16:25,100 PART OF THE COST OF BANKRUPTCY. 629 00:16:25,166 --> 00:16:27,266 $40 BILLION COST TO THE ECONOMY 630 00:16:27,333 --> 00:16:28,633 EVERY YEAR. 631 00:16:28,700 --> 00:16:31,233 $400 FOR A FAMILY OF FOUR. 632 00:16:31,300 --> 00:16:33,166 >> John: WOW. 633 00:16:33,233 --> 00:16:34,600 THE AVERAGE FAMILY PAYS $400 634 00:16:34,666 --> 00:16:35,800 A YEAR BECAUSE DEADBEATS 635 00:16:35,866 --> 00:16:37,766 ABUSE THE SYSTEM. 636 00:16:37,833 --> 00:16:39,333 GRASSLEY DROPPED THAT SHOCKING 637 00:16:39,400 --> 00:16:40,866 "FACT" WITH THE CONFIDENCE OF 638 00:16:40,933 --> 00:16:42,000 A MAN WHO'D LATER TWEET FROM HIS 639 00:16:42,066 --> 00:16:43,300 GOVERNMENT ACCOUNT, 640 00:16:43,366 --> 00:16:44,633 "WINDSOR HEIGHTS DAIRY QUEEN IS 641 00:16:44,700 --> 00:16:46,666 GOOD PLACE FOR U KNO WHAT." 642 00:16:46,733 --> 00:16:48,933 THE THING IS, THAT $400 FIGURE 643 00:16:49,000 --> 00:16:50,800 IS TOTAL NONSENSE. 644 00:16:50,866 --> 00:16:52,033 NO ONE KNOWS FOR CERTAIN WHERE 645 00:16:52,100 --> 00:16:53,800 IT CAME FROM, AND DESPITE IT 646 00:16:53,866 --> 00:16:55,366 TURNING OUT TO BE DEMONSTRABLY 647 00:16:55,433 --> 00:16:57,100 FALSE, THE CREDIT CARD INDUSTRY 648 00:16:57,166 --> 00:16:58,400 PUSHED IT HARD, TO CREATE 649 00:16:58,466 --> 00:16:59,533 A NARRATIVE OF WIDESPREAD 650 00:16:59,600 --> 00:17:00,466 IRRESPONSIBILITY AND ABUSE 651 00:17:00,533 --> 00:17:02,900 AROUND BANKRUPTCY. 652 00:17:02,966 --> 00:17:05,000 BUT IT'S A LITTLE HARD TO TAKE 653 00:17:05,066 --> 00:17:06,800 MORAL GRANDSTANDING FROM CREDIT 654 00:17:06,866 --> 00:17:07,666 CARD COMPANIES, WHO WERE ALL 655 00:17:07,733 --> 00:17:09,666 TOO HAPPY TO HELP PEOPLE GET 656 00:17:09,733 --> 00:17:10,500 INTO SIGNIFICANT DEBT, EVEN IF 657 00:17:10,566 --> 00:17:11,766 THEY HAD JUST DECLARED 658 00:17:11,833 --> 00:17:14,133 BANKRUPTCY. 659 00:17:14,200 --> 00:17:15,400 >> BARELY OUT OF BANKRUPTCY 660 00:17:15,466 --> 00:17:17,266 COURT, JOAN BURNETT OPENED HER 661 00:17:17,333 --> 00:17:19,133 MAILBOX AND THERE IT WAS: THE 662 00:17:19,200 --> 00:17:21,233 CHANCE FOR A SHINY NEW CREDIT 663 00:17:21,300 --> 00:17:24,000 CARD, THE FIRST OF MANY. 664 00:17:24,066 --> 00:17:27,400 >> IT LOOKED LIKE AN EASY $3,000 665 00:17:27,466 --> 00:17:29,000 AND I THINK I HUNG ON TO IT FOR 666 00:17:29,066 --> 00:17:30,100 A DAY, AND THEN I THOUGHT, "OH 667 00:17:30,166 --> 00:17:30,300 NO. 668 00:17:30,366 --> 00:17:31,033 YOU'RE NOT GOING TO BE THAT 669 00:17:31,100 --> 00:17:32,033 CRAZY." 670 00:17:32,100 --> 00:17:33,233 >> THE BANKS ARE GIVING OUT 671 00:17:33,300 --> 00:17:35,033 CREDIT WITH A RECKLESS DISREGARD 672 00:17:35,100 --> 00:17:36,600 FOR CONSUMERS' ABILITY TO 673 00:17:36,666 --> 00:17:38,500 REPAY. 674 00:17:38,566 --> 00:17:39,633 >> John: YEAH, THAT MAX WEINBERG 675 00:17:39,700 --> 00:17:41,900 IMPERSONATOR IS RIGHT. 676 00:17:41,966 --> 00:17:43,233 AND SO, BY THE WAY, WAS JOAN, 677 00:17:43,300 --> 00:17:44,366 WHOSE SELF-RESTRAINT I REALLY 678 00:17:44,433 --> 00:17:46,200 ADMIRE. 679 00:17:46,266 --> 00:17:47,900 IMAGINE THE EXPENDITURES I COULD 680 00:17:48,000 --> 00:17:49,566 HAVE AVOIDED BY SIMPLY SAYING, 681 00:17:49,633 --> 00:17:51,533 "NO, JOHN, YOU'RE NOT GOING TO 682 00:17:51,600 --> 00:17:53,666 BE THAT CRAZY, ASK YOURSELF, 683 00:17:53,733 --> 00:17:55,333 DO YOU REALLY NEED THIS ITEM?" 684 00:17:55,400 --> 00:17:57,200 BUT YEARS OF LOBBYING BY THE 685 00:17:57,266 --> 00:17:58,666 CREDIT CARD AND BANKING INDUSTRY 686 00:17:58,733 --> 00:17:59,433 ULTIMATELY RESULTED 687 00:17:59,500 --> 00:18:01,500 IN A HUGELY SIGNIFICANT 2005 688 00:18:01,566 --> 00:18:03,700 "BANKRUPTCY REFORM" BILL, 689 00:18:03,766 --> 00:18:05,600 WHICH MADE IT FAR MORE 690 00:18:05,666 --> 00:18:06,866 COMPLICATED TO FILE FOR 691 00:18:06,933 --> 00:18:08,000 BANKRUPTCY THAN IT PREVIOUSLY 692 00:18:08,066 --> 00:18:09,466 HAD BEEN -- WHICH IN TURN MADE 693 00:18:09,533 --> 00:18:11,133 IT FAR MORE COSTLY, WHICH MEANT 694 00:18:11,200 --> 00:18:12,333 MANY PEOPLE ENDED UP IN A 695 00:18:12,400 --> 00:18:13,900 SITUATION WHERE THEY COULDN'T 696 00:18:13,966 --> 00:18:16,266 AFFORD TO GO BANKRUPT. 697 00:18:16,333 --> 00:18:18,066 AND TO UNDERSTAND OUR CURRENT 698 00:18:18,133 --> 00:18:19,666 SYSTEM, A KEY THING TO KNOW IS 699 00:18:19,733 --> 00:18:22,866 THERE IS NOT ONE MAIN KIND OF 700 00:18:22,933 --> 00:18:23,500 PERSONAL BANKRUPTCY, THERE ARE 701 00:18:23,566 --> 00:18:24,400 ACTUALLY TWO: CHAPTER 7 AND 702 00:18:24,466 --> 00:18:26,333 CHAPTER 13. 703 00:18:26,400 --> 00:18:27,966 CHAPTER 7 IS WHAT YOU COMMONLY 704 00:18:28,033 --> 00:18:29,900 THINK OF AS BANKRUPTCY. 705 00:18:29,966 --> 00:18:31,533 YOUR DEBTS ARE MOSTLY WIPED OUT. 706 00:18:31,600 --> 00:18:33,366 AND WHILE YOU CAN HOLD ONTO A 707 00:18:33,433 --> 00:18:35,200 FEW ESSENTIAL ASSETS BELOW A 708 00:18:35,266 --> 00:18:37,166 CERTAIN THRESHOLD, THE REST CAN 709 00:18:37,233 --> 00:18:39,600 THEN BE SOLD TO PAY OFF 710 00:18:39,666 --> 00:18:40,366 YOUR CREDITORS. 711 00:18:40,433 --> 00:18:42,866 IT TAKES A FEW MONTHS TO 712 00:18:42,933 --> 00:18:44,366 COMPLETE, BUT THEN YOU GET YOUR 713 00:18:44,433 --> 00:18:45,400 CHANCE AT A "FRESH START." 714 00:18:45,466 --> 00:18:47,633 CHAPTER 13, HOWEVER, IS 715 00:18:47,700 --> 00:18:48,866 DIFFERENT. 716 00:18:48,933 --> 00:18:50,966 THAT IS MORE OF A REORGANIZATION 717 00:18:51,033 --> 00:18:51,200 OF DEBT. 718 00:18:51,266 --> 00:18:54,400 BASICALLY, YOUR FINANCES GET 719 00:18:54,466 --> 00:18:55,033 EXAMINED TO WORK OUT HOW MUCH 720 00:18:55,100 --> 00:18:55,800 YOU CAN AFFORD TO PAY INTO A 721 00:18:55,866 --> 00:18:56,533 REPAYMENT PLAN FOR THREE TO FIVE 722 00:18:56,600 --> 00:18:57,433 YEARS. 723 00:18:57,500 --> 00:18:58,766 AND IF YOU MAKE ALL THE PAYMENTS 724 00:18:58,833 --> 00:19:00,133 IN THAT PLAN, AT THE END OF IT, 725 00:19:00,200 --> 00:19:03,933 YOUR DEBTS DO GET DISCHARGED. 726 00:19:04,000 --> 00:19:05,466 AND THIS HAS ITS BENEFITS -- YOU 727 00:19:05,533 --> 00:19:06,500 DON'T HAVE TO GIVE UP ASSETS 728 00:19:06,566 --> 00:19:07,666 LIKE A HOUSE OR A CAR. 729 00:19:07,733 --> 00:19:11,000 BUT -- AND THIS IS A HUGE "BUT" 730 00:19:11,066 --> 00:19:12,533 -- IF YOU MISS EVEN ONE PAYMENT, 731 00:19:12,600 --> 00:19:13,700 YOUR CASE COULD BE DISMISSED AND 732 00:19:13,766 --> 00:19:15,400 THE WHOLE DEAL IS OFF. 733 00:19:15,466 --> 00:19:16,633 YOU'RE ESSENTIALLY BACK AT 734 00:19:16,700 --> 00:19:18,466 SQUARE ONE. 735 00:19:18,533 --> 00:19:20,533 AND THE UNCOMFORTABLE FACT IS, 736 00:19:20,600 --> 00:19:22,766 THIS HAPPENS IN MOST CHAPTER 13 737 00:19:22,833 --> 00:19:23,800 CASES, BECAUSE ONLY ABOUT A 738 00:19:23,866 --> 00:19:25,100 THIRD ACTUALLY MAKE IT 739 00:19:25,166 --> 00:19:27,400 ALL THE WAY TO DISCHARGE. 740 00:19:27,466 --> 00:19:30,233 AND CHAPTER 13 IS ACTUALLY 741 00:19:30,300 --> 00:19:31,866 MUCH MORE EXPENSIVE TO FILE. 742 00:19:31,933 --> 00:19:35,566 BECAUSE WHILE ATTORNEYS CHARGE, 743 00:19:35,633 --> 00:19:37,066 ON AVERAGE, ABOUT $1300 TO FILE 744 00:19:37,133 --> 00:19:39,133 CHAPTER 7, FOR CHAPTER 13, THEY 745 00:19:39,200 --> 00:19:42,233 GENERALLY CHARGE ABOUT $3800. 746 00:19:42,300 --> 00:19:43,133 SO YOU MIGHT BE THINKING, IF 747 00:19:43,200 --> 00:19:43,866 CHAPTER 13 IS MORE COSTLY, 748 00:19:43,933 --> 00:19:45,500 MORE DIFFICULT, AND LESS LIKELY 749 00:19:45,566 --> 00:19:46,300 TO GET YOU A GENUINELY FRESH 750 00:19:46,366 --> 00:19:47,100 START, WHY WOULD ANYONE 751 00:19:47,166 --> 00:19:49,800 CHOOSE IT? 752 00:19:49,866 --> 00:19:51,166 WELL, FOR SOME, IT MIGHT BE 753 00:19:51,233 --> 00:19:52,500 THE RIGHT FIT -- REMEMBER, IT 754 00:19:52,566 --> 00:19:54,900 GIVES YOU A CHANCE TO KEEP YOUR 755 00:19:54,966 --> 00:19:55,500 HOUSE, WHICH YOU MIGHT NEED TO 756 00:19:55,566 --> 00:19:56,566 LIVE IN, AND YOUR CAR, WHICH YOU 757 00:19:56,633 --> 00:19:59,200 MIGHT NEED TO WORK. 758 00:19:59,266 --> 00:20:01,033 BUT FOR MANY, MANY MORE, CHAPTER 759 00:20:01,100 --> 00:20:03,133 13 -- DESPITE COSTING THREE 760 00:20:03,200 --> 00:20:03,866 TIMES AS MUCH IN THE LONG TERM 761 00:20:03,933 --> 00:20:05,366 -- CAN ACTUALLY SEEM LIKE THE 762 00:20:05,433 --> 00:20:06,733 BETTER FINANCIAL OPTION WHEN 763 00:20:06,800 --> 00:20:08,366 YOU FILE. 764 00:20:08,433 --> 00:20:10,033 BECAUSE CHAPTER 7 GENERALLY 765 00:20:10,100 --> 00:20:11,300 REQUIRES YOU TO PAY LAWYERS UP 766 00:20:11,366 --> 00:20:12,166 FRONT. 767 00:20:12,233 --> 00:20:14,433 WHEREAS CHAPTER 13 CAN BE 768 00:20:14,500 --> 00:20:15,500 DIFFERENT, AS LAW FIRMS CAN BE 769 00:20:15,566 --> 00:20:17,866 EAGER TO POINT OUT. 770 00:20:17,933 --> 00:20:19,233 >> IS DEBT CONSTANTLY ON YOUR 771 00:20:19,300 --> 00:20:20,366 MIND? 772 00:20:20,433 --> 00:20:21,500 ARE YOU LOOKING TO GET A FRESH 773 00:20:21,566 --> 00:20:22,900 START FINANCIALLY? 774 00:20:22,966 --> 00:20:24,133 THEN CALL THE BANKRUPTCY 775 00:20:24,200 --> 00:20:25,100 ATTORNEYS AT WOOTTON & WOOTTON. 776 00:20:25,166 --> 00:20:26,700 WE EVEN OFFER A NO MONEY DOWN 777 00:20:26,766 --> 00:20:28,800 CHAPTER 13 PLAN. 778 00:20:28,866 --> 00:20:30,433 >> John: OKAY, FIRST, GET THE 779 00:20:30,500 --> 00:20:31,900 FUCK OUT OF MY VOID, WOOTTON! 780 00:20:31,966 --> 00:20:34,066 I KNOW I DON'T TECHNICALLY OWN 781 00:20:34,133 --> 00:20:34,700 THE CONCEPT OF SAD, WHITE 782 00:20:34,766 --> 00:20:35,566 EMPTINESS -- JARED LETO'S GOT 783 00:20:35,633 --> 00:20:37,300 THE MARKET COVERED ON THAT ONE. 784 00:20:37,366 --> 00:20:38,900 BUT I WILL BE DAMNED IF I LET 785 00:20:38,966 --> 00:20:39,966 THIS ADULT WHO LOOKS LIKE HE 786 00:20:40,033 --> 00:20:41,133 JUST MADE A WISH TO BE BIG STEAL 787 00:20:41,200 --> 00:20:43,100 MY WHOLE VIBE. 788 00:20:43,166 --> 00:20:45,533 BUT THE POINT IS, IF YOU'RE 789 00:20:45,600 --> 00:20:47,466 ALREADY IN A BAD SPOT WITH YOUR 790 00:20:47,533 --> 00:20:48,700 FINANCES -- WHICH YOU PROBABLY 791 00:20:48,766 --> 00:20:50,100 ARE, IF YOU'RE CONSIDERING 792 00:20:50,166 --> 00:20:51,533 BANKRUPTCY -- "NO MONEY UP 793 00:20:51,600 --> 00:20:52,766 FRONT" MIGHT NOT JUST SOUND 794 00:20:52,833 --> 00:20:55,633 GOOD, IT MIGHT BE YOUR ONLY 795 00:20:55,700 --> 00:20:56,166 OPTION. 796 00:20:56,233 --> 00:20:58,000 THE WORRY IS THAT SOME LAWYERS 797 00:20:58,066 --> 00:20:59,366 GUIDE THEIR CLIENTS TO 798 00:20:59,433 --> 00:21:01,200 THE MORE EXPENSIVE CHAPTER 13, 799 00:21:01,266 --> 00:21:02,633 WHEN THEY'D ACTUALLY BE FAR 800 00:21:02,700 --> 00:21:04,100 BETTER SERVED WITH CHAPTER 7. 801 00:21:04,166 --> 00:21:05,666 AND IF YOU KNOW ANYTHING ABOUT 802 00:21:05,733 --> 00:21:12,600 AMERICA, IT WON'T SURPRISE YOU 803 00:21:12,666 --> 00:21:15,000 THAT WOULD RESEARCHERS RAN AN 804 00:21:15,066 --> 00:21:19,833 ACADEMIC STUDY, THEY FOUND THAT 805 00:21:19,900 --> 00:21:21,433 ATTORNEYS WERE MORE LIKELY TO 806 00:21:21,500 --> 00:21:24,166 OFFER A CHAPTER CHAPTER 13 807 00:21:24,233 --> 00:21:25,700 BANKRUPTCY TO BLACK PEOPLE 808 00:21:25,766 --> 00:21:27,300 RATHER THAN WHITE PEOPLE. 809 00:21:27,366 --> 00:21:28,866 PUTTING ASIDE THE QUESTION OF 810 00:21:28,933 --> 00:21:31,033 WHETHER THE RESEARCHERS PLUCKED 811 00:21:31,100 --> 00:21:33,666 REGGIE AND LETICIA FROM THE 812 00:21:33,733 --> 00:21:34,766 HOPEFULLY NOT OFFENSIVELY SO 813 00:21:34,833 --> 00:21:37,300 BLACK NAMES, THE FINDINGS 814 00:21:37,366 --> 00:21:39,100 EXPLAINED THAT THE ODDS OF BLACK 815 00:21:39,166 --> 00:21:40,500 DEBTORS CHOOSING CHAPTER 13 816 00:21:40,566 --> 00:21:41,500 INSTEAD OF CHAPTER 7 817 00:21:41,566 --> 00:21:42,566 WERE MORE THAN TWICE AS HIGH AS 818 00:21:42,633 --> 00:21:44,100 WHITE DEBTORS WITH A SIMILAR 819 00:21:44,166 --> 00:21:48,100 PROFILE. 820 00:21:48,166 --> 00:21:48,833 SO EVEN BANKRUPTCY 821 00:21:48,900 --> 00:21:49,433 DISCRIMINATES AGAINST 822 00:21:49,500 --> 00:21:50,733 BLACK PEOPLE. 823 00:21:50,800 --> 00:21:51,333 WHICH IS, COINCIDENTALLY, THE 824 00:21:51,400 --> 00:21:51,900 COVER STORY ON THIS MONTH'S 825 00:21:51,966 --> 00:21:52,766 ISSUE OF "YEAH, NO SHIT" 826 00:21:52,833 --> 00:21:53,433 MAGAZINE. 827 00:21:53,500 --> 00:21:54,566 AND THE FACT THAT PEOPLE ARE 828 00:21:54,633 --> 00:21:55,866 OFTEN PUSHED INTO THE FORM OF 829 00:21:55,933 --> 00:21:57,433 BANKRUPTCY WITH FAR LESS 830 00:21:57,500 --> 00:21:58,633 SUCCESSFUL OUTCOMES MEANS THAT 831 00:21:58,700 --> 00:21:59,866 THEY CAN END UP HAVING TO FILE 832 00:21:59,933 --> 00:22:02,533 BANKRUPTCY AGAIN DOWN THE LINE. 833 00:22:02,600 --> 00:22:03,900 AND KNOWING THAT MAKES IT A 834 00:22:03,966 --> 00:22:05,800 LITTLE HARD TO SEE FINANCIAL 835 00:22:05,866 --> 00:22:07,266 EXPERTS LIKE SUZE ORMAN BROADLY 836 00:22:07,333 --> 00:22:08,633 FRAME REPEATED FILING AS A MORAL 837 00:22:08,700 --> 00:22:10,133 FAILING. 838 00:22:10,200 --> 00:22:12,233 >> MOST PEOPLE WHO CLAIM 839 00:22:12,300 --> 00:22:15,233 BANKRUPTCY ONCE CLAIM IT TWICE. 840 00:22:15,300 --> 00:22:18,033 SO IF YOU ARE CLAIMING 841 00:22:18,100 --> 00:22:19,700 BANKRUPTCY, YOU HAVE GOT TO 842 00:22:19,766 --> 00:22:20,400 LEARN. 843 00:22:20,466 --> 00:22:22,900 BECAUSE IF YOU GET YOURSELF INTO 844 00:22:22,966 --> 00:22:24,233 THAT SITUATION AGAIN, IF YOU GO 845 00:22:24,300 --> 00:22:25,966 OUT AND YOU RACK UP ALL THIS 846 00:22:26,033 --> 00:22:27,666 CREDIT CARD DEBT AND ALL THIS 847 00:22:27,733 --> 00:22:29,433 STUFF AGAIN, AND YOU HAVE TO 848 00:22:29,500 --> 00:22:31,966 CLAIM BANKRUPTCY AGAIN, THEN I 849 00:22:32,033 --> 00:22:34,833 SAY, SHAME ON YOU. 850 00:22:34,900 --> 00:22:38,300 >> John: WOW. 851 00:22:38,366 --> 00:22:39,033 SUZE IS OFFERING REPEAT 852 00:22:39,100 --> 00:22:40,233 BANKRUPTCY FILERS THE 853 00:22:40,300 --> 00:22:41,600 "SHAME ON YOU" NORMALLY RESERVED 854 00:22:41,666 --> 00:22:43,366 FOR DOGS WHO PEED ON THE CARPET 855 00:22:43,433 --> 00:22:44,366 AND NOSY PHARMACISTS IN 856 00:22:44,433 --> 00:22:45,666 "MAGNOLIA" WHO'VE ASKED 857 00:22:45,733 --> 00:22:46,400 JULIANNE MOORE ONE TOO MANY 858 00:22:46,466 --> 00:22:48,166 QUESTIONS. 859 00:22:48,233 --> 00:22:49,500 "I HAVE SICKNESS ALL AROUND ME 860 00:22:49,566 --> 00:22:51,233 AND YOU FUCKING ASK ME MY LIFE? 861 00:22:51,300 --> 00:22:52,400 HAVE YOU SEEN DEATH IN YOUR BED? 862 00:22:52,466 --> 00:22:53,533 IN YOUR HOUSE? 863 00:22:53,600 --> 00:22:55,033 WHERE'S YOUR FUCKING DECENCY? 864 00:22:55,100 --> 00:22:55,866 AND THEN I'M ASKED FUCKING 865 00:22:55,933 --> 00:22:57,300 QUESTIONS. 866 00:22:57,366 --> 00:22:58,433 WHAT'S WRONG? 867 00:22:58,500 --> 00:23:00,066 YOU SUCK MY DICK. 868 00:23:00,133 --> 00:23:02,033 THAT'S WHAT'S WRONG. 869 00:23:02,100 --> 00:23:03,433 AND YOU, YOU FUCKING CALL ME 870 00:23:03,500 --> 00:23:03,966 "LADY?" 871 00:23:04,033 --> 00:23:06,566 SHAME ON YOU. 872 00:23:06,633 --> 00:23:10,166 SHAME ON YOU!" 873 00:23:10,233 --> 00:23:11,633 BUT A FEW THINGS. 874 00:23:11,700 --> 00:23:13,766 FIRST, EXPERTS SAY ORMAN'S CLAIM 875 00:23:13,833 --> 00:23:15,100 THAT MOST BANKRUPTCY FILERS FILE 876 00:23:15,166 --> 00:23:17,166 TWICE IS JUST WRONG. 877 00:23:17,233 --> 00:23:18,933 BUT MUCH MORE IMPORTANTLY, 878 00:23:19,000 --> 00:23:20,466 EVEN THOSE WHO DO END UP FILING 879 00:23:20,533 --> 00:23:22,233 A SECOND TIME, OFTEN DO SO 880 00:23:22,300 --> 00:23:24,233 DUE TO FACTORS THAT HAVE NOTHING 881 00:23:24,300 --> 00:23:25,200 TO DO WITH RECKLESSNESS -- LIKE, 882 00:23:25,266 --> 00:23:27,500 FOR INSTANCE, GETTING A 883 00:23:27,566 --> 00:23:28,800 CHAPTER 13 BANKRUPTCY THAT 884 00:23:28,866 --> 00:23:30,433 WASN'T RIGHT FOR THEM. 885 00:23:30,500 --> 00:23:31,733 AND THERE'S SOMETHING ELSE THAT 886 00:23:31,800 --> 00:23:33,333 CAN SIGNIFICANTLY LIMIT THE HELP 887 00:23:33,400 --> 00:23:34,600 BANKRUPTCY CAN PROVIDE -- 888 00:23:34,666 --> 00:23:36,000 BECAUSE THERE ARE WHOLE 889 00:23:36,066 --> 00:23:37,900 CATEGORIES OF "NON-DISCHARGEABLE 890 00:23:37,966 --> 00:23:39,600 DEBTS" -- DEBTS THAT EVEN 891 00:23:39,666 --> 00:23:41,566 BANKRUPTCY CAN'T GET RID OF. 892 00:23:41,633 --> 00:23:42,900 YOU TYPICALLY CAN'T WIPE OUT 893 00:23:42,966 --> 00:23:44,566 DEBT FROM CRIMINAL PENALTIES, 894 00:23:44,633 --> 00:23:46,766 TAXES, OR CHILD SUPPORT THROUGH 895 00:23:46,833 --> 00:23:49,300 BANKRUPTCY -- AND THERE'S 896 00:23:49,366 --> 00:23:50,533 ANOTHER, MASSIVE CATEGORY, AS 897 00:23:50,600 --> 00:23:51,000 THIS WOMAN LEARNED. 898 00:23:51,066 --> 00:23:52,733 >> 31-YEAR-OLD RADMILLA 899 00:23:52,800 --> 00:23:54,433 SULEYMANOVA GRADUATED WITH A 900 00:23:54,500 --> 00:23:55,266 MASTERS FROM NEW YORK UNIVERSITY 901 00:23:55,333 --> 00:23:57,333 IN 2008 DURING THE DEPTHS OF THE 902 00:23:57,400 --> 00:24:00,733 GREAT RECESSION. 903 00:24:00,800 --> 00:24:06,000 JOBLESS, SHE QUICKLY DEFAULTED 904 00:24:06,066 --> 00:24:07,233 ON HER $80,000 STUDENT LOAN 905 00:24:07,300 --> 00:24:08,866 BILL. 906 00:24:08,933 --> 00:24:09,700 >> OH, WELL, I'LL JUST FILE FOR 907 00:24:09,766 --> 00:24:10,533 BANKRUPTCY LIKE EVERYONE ELSE IS 908 00:24:10,600 --> 00:24:11,066 DOING, HA-HA-HA. 909 00:24:11,133 --> 00:24:12,166 AND THEN YOU REALIZE... 910 00:24:12,233 --> 00:24:13,000 NO. 911 00:24:13,066 --> 00:24:14,133 THE ONLY WAY TO GET AWAY FROM 912 00:24:14,200 --> 00:24:14,800 YOUR STUDENT LOAN DEBT IS TO 913 00:24:14,866 --> 00:24:15,500 DIE. 914 00:24:15,566 --> 00:24:19,633 >> John: YEAH. 915 00:24:19,700 --> 00:24:20,400 AND TO COMMUNICATE JUST HOW BAD 916 00:24:20,466 --> 00:24:22,433 STUDENT LOAN DEBT IS AS A 917 00:24:22,500 --> 00:24:23,000 GENERATIONAL DEAD WEIGHT ON 918 00:24:23,066 --> 00:24:24,333 MILLENNIALS, I GUARANTEE YOU 919 00:24:24,400 --> 00:24:27,366 ANYONE WITH STUDENT LOANS 920 00:24:27,433 --> 00:24:28,266 WATCHING THIS HEARD "$80,000 921 00:24:28,333 --> 00:24:29,800 AND THOUGHT "OH, I 922 00:24:29,866 --> 00:24:30,966 DUNNO, I'VE HEARD WORSE." 923 00:24:31,033 --> 00:24:31,900 BECAUSE, YEAH, SHE COULD HAVE 924 00:24:31,966 --> 00:24:33,633 BOUGHT THIS ENTIRE THREE 925 00:24:33,700 --> 00:24:35,200 BEDROOM, TWO BATHROOM HOUSE 926 00:24:35,266 --> 00:24:36,500 IN INDIANAPOLIS, BUT WHO REALLY 927 00:24:36,566 --> 00:24:38,233 NEEDS A PLACE TO LIVE WHEN YOU 928 00:24:38,300 --> 00:24:39,566 HAVE A FRAMED 8.5 X 11 PIECE OF 929 00:24:39,633 --> 00:24:40,600 PAPER WITH YOUR NAME ON IT? 930 00:24:40,666 --> 00:24:41,800 THAT CAN, JUST LIKE A HOUSE, 931 00:24:41,866 --> 00:24:45,133 KEEP YOU SAFE FROM THE RAIN. 932 00:24:45,200 --> 00:24:46,400 AND IF ALL THAT WEREN'T BAD 933 00:24:46,466 --> 00:24:47,833 ENOUGH, OUR CURRENT SYSTEM ADDS 934 00:24:47,900 --> 00:24:49,666 INSULT TO INJURY THROUGH 935 00:24:49,733 --> 00:24:50,966 MANDATORY CREDIT COUNSELING 936 00:24:51,033 --> 00:24:51,966 COURSES. 937 00:24:52,033 --> 00:24:53,266 WHICH CAN BE EXACTLY AS 938 00:24:53,333 --> 00:24:55,066 PATRONIZING AS THEY SOUND. 939 00:24:55,133 --> 00:24:56,933 EVEN BANKRUPTCY JUDGES HAVE 940 00:24:57,000 --> 00:24:59,000 CALLED THEM "INANE" AND "A 941 00:24:59,066 --> 00:25:00,400 PROCEDURAL HURDLE WITHOUT VALUE 942 00:25:00,466 --> 00:25:02,500 OR CONSEQUENCE." 943 00:25:02,566 --> 00:25:04,066 WITH ONE EVEN NOTING A COURSE 944 00:25:04,133 --> 00:25:06,166 REFERRED PARTICIPANTS "TO THE 945 00:25:06,233 --> 00:25:07,333 LOCAL LIBRARY FOR RESOURCES ON 946 00:25:07,400 --> 00:25:08,133 BANKRUPTCY." 947 00:25:08,200 --> 00:25:10,166 AND RECOMMENDED THEY "SEEK A JOB 948 00:25:10,233 --> 00:25:11,666 MAKING HIGHER WAGES" AND I'M 949 00:25:11,733 --> 00:25:13,533 SURE THEY'D NEVER THOUGHT OF 950 00:25:13,600 --> 00:25:16,100 DOING THAT BEFORE IT WAS 951 00:25:16,166 --> 00:25:17,000 VERY CLEVERLY POINTED OUT TO 952 00:25:17,066 --> 00:25:17,533 THEM. 953 00:25:17,600 --> 00:25:18,866 AND IF IT SEEMS THESE COURSES 954 00:25:18,933 --> 00:25:20,566 MAY HAVE LIMITED VALUE, 955 00:25:20,633 --> 00:25:22,833 ONE WE FOUND ONLINE EVEN SEEMED 956 00:25:22,900 --> 00:25:23,466 TO RELUCTANTLY ACKNOWLEDGE THAT 957 00:25:23,533 --> 00:25:24,333 FACT. 958 00:25:24,400 --> 00:25:25,666 >> YOUR ATTORNEY MAY HAVE GONE 959 00:25:25,733 --> 00:25:27,200 OVER YOUR PARTICULAR SITUATION 960 00:25:27,266 --> 00:25:28,433 WITH YOU IN THEIR OFFICE 961 00:25:28,500 --> 00:25:29,433 ALREADY. 962 00:25:29,500 --> 00:25:30,366 PERHAPS THEY EXPLAINED WHY 963 00:25:30,433 --> 00:25:31,633 CREDIT COUNSELING WILL NOT WORK 964 00:25:31,700 --> 00:25:32,900 FOR YOU. 965 00:25:32,966 --> 00:25:34,366 MANY DEBTORS THEREFORE BELIEVE 966 00:25:34,433 --> 00:25:35,433 THAT THIS MANDATORY CREDIT 967 00:25:35,500 --> 00:25:38,800 COUNSELING EXERCISE IS 968 00:25:38,866 --> 00:25:39,066 POINTLESS. 969 00:25:39,133 --> 00:25:40,500 WE HOPE INSTEAD YOU TAKE A MORE 970 00:25:40,566 --> 00:25:41,466 POSITIVE VIEW OF THIS MANDATORY 971 00:25:41,533 --> 00:25:42,766 COURSE. 972 00:25:42,833 --> 00:25:43,333 >> John: OH, YOU HOPE SO, 973 00:25:43,400 --> 00:25:44,366 DO YOU? 974 00:25:44,433 --> 00:25:45,233 THAT'S BASICALLY AN ADMISSION 975 00:25:45,300 --> 00:25:47,000 THAT IT'S A WASTE OF TIME. 976 00:25:47,066 --> 00:25:48,966 ALTHOUGH, QUICK QUESTION, WHY IS 977 00:25:49,033 --> 00:25:50,566 THE ATTORNEY THERE CARTOON ME? 978 00:25:50,633 --> 00:25:51,166 HE'S WEARING MY GLASSES. 979 00:25:51,233 --> 00:25:52,266 HE HAS MY BANGS. 980 00:25:52,333 --> 00:25:53,933 HE'S NEGGING AN UNWILLING 981 00:25:54,000 --> 00:25:55,566 CIVILIAN WHILE WAVING AROUND 982 00:25:55,633 --> 00:25:58,833 A BORING AMOUNT OF PAPERWORK. 983 00:25:58,900 --> 00:25:59,666 THE GUY IS MORE ME THAN I AM. 984 00:25:59,733 --> 00:26:00,366 BUT WHILE AT BEST, AN 985 00:26:00,433 --> 00:26:01,500 OBJECTIVELY HUNKY CARTOON 986 00:26:01,566 --> 00:26:03,233 LECTURING YOU ON YOUR FINANCES 987 00:26:03,300 --> 00:26:05,833 IS ANNOYING -- AT WORST, IT CAN 988 00:26:05,900 --> 00:26:06,300 BE ACTIVELY INSULTING. 989 00:26:06,366 --> 00:26:07,733 BECAUSE THE ASSUMPTION IN THESE 990 00:26:07,800 --> 00:26:09,733 COURSES IS THAT YOU'RE IN THIS 991 00:26:09,800 --> 00:26:10,266 POSITION DUE TO RECKLESS 992 00:26:10,333 --> 00:26:11,833 PERSONAL BEHAVIOR. 993 00:26:11,900 --> 00:26:14,433 BUT IMAGINE HOW THAT ARGUMENT 994 00:26:14,500 --> 00:26:15,066 FEELS IF YOU -- LIKE THIS WOMAN 995 00:26:15,133 --> 00:26:15,833 -- WENT BANKRUPT AFTER HAVING TO 996 00:26:15,900 --> 00:26:17,366 LEAVE YOUR JOB TO TAKE CARE OF 997 00:26:17,433 --> 00:26:18,700 YOUR SON, WHO DIED FROM 998 00:26:18,766 --> 00:26:20,866 CYSTIC FIBROSIS. 999 00:26:20,933 --> 00:26:22,200 >> IN SEPTEMBER, WE SAT DOWN 1000 00:26:22,266 --> 00:26:25,033 TO TAKE THE CREDIT COUNSELING 1001 00:26:25,100 --> 00:26:25,800 COURSE AND IT WAS SORT OF A SLAP 1002 00:26:25,866 --> 00:26:27,666 IN THE FACE, HONESTLY. 1003 00:26:27,733 --> 00:26:28,366 AND WE HAVE NOT YET FINISHED 1004 00:26:28,433 --> 00:26:30,033 THAT COURSE. 1005 00:26:30,100 --> 00:26:31,833 WE LOGGED OFF AND NEEDED TO WALK 1006 00:26:31,900 --> 00:26:32,833 AWAY FROM IT FOR A LITTLE 1007 00:26:32,900 --> 00:26:38,633 WHILE. 1008 00:26:38,700 --> 00:26:39,300 AND WE'LL 1009 00:26:39,366 --> 00:26:41,066 NEED TO DO IT AGAIN AFTER WE 1010 00:26:41,133 --> 00:26:41,666 ACTUALLY GO THROUGH THE FILING 1011 00:26:41,733 --> 00:26:42,433 PROCESS AND MEET WITH THE JUDGE. 1012 00:26:42,500 --> 00:26:43,133 IT'S A REQUIREMENT AFTER YOU 1013 00:26:43,200 --> 00:26:44,133 FILE, AS WELL, SO THAT YOU CAN, 1014 00:26:44,200 --> 00:26:44,733 I GUESS, GET AN IDEA OF HOW TO 1015 00:26:44,800 --> 00:26:45,333 NOT DO THE SAME THING AGAIN IN 1016 00:26:45,400 --> 00:26:47,133 THE FUTURE. 1017 00:26:47,200 --> 00:26:49,633 SO. 1018 00:26:49,700 --> 00:26:51,500 WHICH IS AN INCREDIBLY HURTFUL 1019 00:26:51,566 --> 00:26:52,400 IDEA THAT I'M NOT LOOKING 1020 00:26:52,466 --> 00:26:53,733 FORWARD TO. 1021 00:26:53,800 --> 00:26:54,533 >> John: NO, OF COURSE YOU'RE 1022 00:26:54,600 --> 00:26:55,566 NOT. 1023 00:26:55,633 --> 00:26:57,000 BECAUSE HAVING A COURSE SUGGEST 1024 00:26:57,066 --> 00:26:58,333 THERE'S A WAY NOT TO HAVE YOUR 1025 00:26:58,400 --> 00:26:59,433 CHILD DIE AGAIN IN THE FUTURE IS 1026 00:26:59,500 --> 00:27:01,533 A FUCKING INSULT. 1027 00:27:01,600 --> 00:27:03,066 AND IT'S TERRIBLE THAT SHE NOT 1028 00:27:03,133 --> 00:27:03,933 ONLY HAD TO GO THROUGH THAT, 1029 00:27:04,000 --> 00:27:06,033 BUT THEN HAD TO REHASH IT IN THE 1030 00:27:06,100 --> 00:27:07,400 SENATE IN AN ATTEMPT TO GET THAT 1031 00:27:07,466 --> 00:27:09,633 REQUIREMENT CHANGED -- WHICH, BY 1032 00:27:09,700 --> 00:27:11,433 THE WAY, IT WASN'T. 1033 00:27:11,500 --> 00:27:12,366 AND THE TRUTH IS, SO MUCH OF 1034 00:27:12,433 --> 00:27:13,566 WHAT IS WRONG WITH OUR CURRENT 1035 00:27:13,633 --> 00:27:15,700 BANKRUPTCY SYSTEM STEMS FROM 1036 00:27:15,766 --> 00:27:17,266 THAT 2005 LAW THAT I MENTIONED 1037 00:27:17,333 --> 00:27:17,933 EARLIER. 1038 00:27:18,000 --> 00:27:18,966 EXPANDING THE 1039 00:27:19,033 --> 00:27:19,733 NON-DISCHARGEABILITY OF 1040 00:27:19,800 --> 00:27:20,333 STUDENT LOAN DEBT? 1041 00:27:20,400 --> 00:27:21,300 THAT WAS IN THERE. 1042 00:27:21,366 --> 00:27:23,700 THE MANDATORY CREDIT COUNSELING 1043 00:27:23,766 --> 00:27:23,933 CLASSES? 1044 00:27:24,000 --> 00:27:24,966 THAT WAS IN THERE, TOO. 1045 00:27:25,033 --> 00:27:26,533 THE LAW ALSO MADE BANKRUPTCY 1046 00:27:26,600 --> 00:27:27,733 HARDER TO COMPLETE, ADDING OVER 1047 00:27:27,800 --> 00:27:29,800 A DOZEN WAYS SOMEONE COULD MAKE 1048 00:27:29,866 --> 00:27:31,733 A TECHNICAL ERROR AND BE 1049 00:27:31,800 --> 00:27:32,000 DISMISSED. 1050 00:27:32,066 --> 00:27:32,866 IT WAS A HUGE WIN FOR 1051 00:27:32,933 --> 00:27:34,433 THE CREDIT CARD COMPANIES. 1052 00:27:34,500 --> 00:27:35,466 AND FOR ALL THE ASSURANCES 1053 00:27:35,533 --> 00:27:37,200 FROM GRASSLEY AND OTHERS THAT IT 1054 00:27:37,266 --> 00:27:38,400 WOULD TARGET HIGH-INCOME PEOPLE 1055 00:27:38,466 --> 00:27:42,166 ABUSING THE SYSTEM WITHOUT 1056 00:27:42,233 --> 00:27:43,333 HURTING THOSE OF LESSER MEANS, 1057 00:27:43,400 --> 00:27:43,933 AFTER IT PASSED, BANKRUPTCY 1058 00:27:44,000 --> 00:27:45,200 FILINGS DROPPED 1059 00:27:45,266 --> 00:27:46,500 DISPROPORTIONATELY IN POORER 1060 00:27:46,566 --> 00:27:47,766 NEIGHBORHOODS, WITH FILINGS 1061 00:27:47,833 --> 00:27:49,566 THERE DECREASING 32% MORE THAN 1062 00:27:49,633 --> 00:27:51,600 IN RICH ONES. 1063 00:27:51,666 --> 00:27:53,300 SHOWING THAT AS ALWAYS, WHEN 1064 00:27:53,366 --> 00:27:54,866 THINGS ARE DESIGNED TO BECOME 1065 00:27:54,933 --> 00:27:55,466 HARDER FOR EVERYONE, FOR THE 1066 00:27:55,533 --> 00:27:56,566 RICH, THEY JUST BECOME A BIT 1067 00:27:56,633 --> 00:27:57,400 MORE EXPENSIVE, AND FOR THE 1068 00:27:57,466 --> 00:27:58,266 POOR, THEY BECOME BASICALLY 1069 00:27:58,333 --> 00:27:59,866 IMPOSSIBLE. 1070 00:27:59,933 --> 00:28:01,600 SO WHAT CAN WE DO HERE? 1071 00:28:01,666 --> 00:28:03,033 WELL, IDEALLY, THE PEOPLE 1072 00:28:03,100 --> 00:28:04,633 RESPONSIBLE FOR THAT 2005 LAW 1073 00:28:04,700 --> 00:28:06,066 WOUL ACKNOWLEDGE THAT OUR 1074 00:28:06,133 --> 00:28:07,333 SYSTEM BADLY NEEDS FIXING. 1075 00:28:07,400 --> 00:28:09,666 AND COINCIDENTALLY, ONE OF THE 1076 00:28:09,733 --> 00:28:10,366 MOST PROMINENT BACKERS OF THAT 1077 00:28:10,433 --> 00:28:11,900 LAW IS ACTUALLY THE FUCKING 1078 00:28:11,966 --> 00:28:14,333 PRESIDENT NOW. 1079 00:28:14,400 --> 00:28:15,566 JOE BIDEN IS FROM DELAWARE, 1080 00:28:15,633 --> 00:28:16,933 HOME TO SOME OF THE BIGGEST 1081 00:28:17,000 --> 00:28:18,500 CREDIT CARD COMPANIES. 1082 00:28:18,566 --> 00:28:19,833 AND HIS SUPPORT WAS CRUCIAL 1083 00:28:19,900 --> 00:28:22,133 IN GETTING THE 2005 LAW PASSED. 1084 00:28:22,200 --> 00:28:23,400 AND IT'S NOT LIKE HE WASN'T 1085 00:28:23,466 --> 00:28:25,233 WARNED IT COULD LEAD TO TROUBLE 1086 00:28:25,300 --> 00:28:26,766 -- WHEN IT WAS BEING DEBATED, 1087 00:28:26,833 --> 00:28:27,933 ELIZABETH WARREN -- THEN A 1088 00:28:28,000 --> 00:28:29,133 HARVARD LAW PROFESSOR STUDYING 1089 00:28:29,200 --> 00:28:30,666 BANKRUPTCY -- TESTIFIED ABOUT 1090 00:28:30,733 --> 00:28:31,600 HOW MEDICAL DEBT RUINS PEOPLE'S 1091 00:28:31,666 --> 00:28:34,800 LIVES, AND THIS BILL COULD 1092 00:28:34,866 --> 00:28:35,500 SIGNIFICANTLY HINDER THEIR ONE 1093 00:28:35,566 --> 00:28:36,166 REMAINING CHANCE TO GET OUT FROM 1094 00:28:36,233 --> 00:28:38,066 UNDERNEATH IT. 1095 00:28:38,133 --> 00:28:39,700 AND JOE BIDEN KEPT SHIFTING 1096 00:28:39,766 --> 00:28:41,000 FOCUS BACK TO THE POOR CREDITORS 1097 00:28:41,066 --> 00:28:43,900 WHO WOULDN'T GET THEIR MONEY. 1098 00:28:43,966 --> 00:28:45,833 >> UNTIL WE FIX THE BROKEN 1099 00:28:45,900 --> 00:28:47,100 HEALTH CARE FINANCE SYSTEM -- 1100 00:28:47,166 --> 00:28:48,133 >> RIGHT. 1101 00:28:48,200 --> 00:28:49,833 >> THOSE FAMILIES HAVE TO TURN 1102 00:28:49,900 --> 00:28:53,033 SOMEWHERE AND THAT MEANS NOW 1103 00:28:53,100 --> 00:28:55,166 THEY TURN AS A LAST-DITCH EFFORT 1104 00:28:55,233 --> 00:28:56,433 TO THE BANKRUPTCY COURTS. 1105 00:28:56,500 --> 00:28:57,466 >> RIGHT. 1106 00:28:57,533 --> 00:28:59,600 AND THAT MEANS THEY TURN TO 1107 00:28:59,666 --> 00:29:02,400 ASKING THE PEOPLE THAT THEY 1108 00:29:02,466 --> 00:29:04,233 BORROWED MONEY FROM TO PAY FOR 1109 00:29:04,300 --> 00:29:07,200 THEIR HEALTH CARE COSTS, RIGHT? 1110 00:29:07,266 --> 00:29:08,400 WE'RE GONNA ASK THE GAS COMPANY, 1111 00:29:08,466 --> 00:29:11,300 THE DRUG STORE, THE AUTOMOBILE 1112 00:29:11,366 --> 00:29:13,066 DEALER TO PAY FOR THE BROKEN 1113 00:29:13,133 --> 00:29:15,500 SYSTEM? 1114 00:29:15,566 --> 00:29:18,333 >> John: OKAY, BUT THAT'S NOT 1115 00:29:18,400 --> 00:29:18,833 REALLY HOW THIS WORKS. 1116 00:29:18,900 --> 00:29:19,866 IT'S NOT LIKE WE'RE LIVING IN 1117 00:29:19,933 --> 00:29:21,333 SOME SMALL TOWN IN THE 1920s, 1118 00:29:21,400 --> 00:29:21,900 RACKING UP DEBTS TO 1119 00:29:21,966 --> 00:29:23,833 THE CORNER STORE FOR GROCERIES, 1120 00:29:23,900 --> 00:29:25,433 THE BUTCHER SHOP FOR MEAT, AND 1121 00:29:25,500 --> 00:29:25,900 THE LOCAL PHARMACY FOR 1122 00:29:25,966 --> 00:29:26,733 COUGH DROPS LACED WITH 1123 00:29:26,800 --> 00:29:27,933 WEAPONS-GRADE COCAINE. 1124 00:29:28,000 --> 00:29:28,566 NO. 1125 00:29:28,633 --> 00:29:30,766 WE'RE LIVING IN A WORLD WHERE 1126 00:29:30,833 --> 00:29:31,466 MEDICAL DEBT IS OUT OF CONTROL, 1127 00:29:31,533 --> 00:29:32,833 AND PEOPLE HAVE ENVELOPES RAMMED 1128 00:29:32,900 --> 00:29:34,133 THROUGH THEIR DOOR EVERY DAY, 1129 00:29:34,200 --> 00:29:35,466 SCREAMING THEY'RE PRE-APPROVED 1130 00:29:35,533 --> 00:29:36,500 FOR A CREDIT CARD. 1131 00:29:36,566 --> 00:29:37,000 OH, LOOK! 1132 00:29:37,066 --> 00:29:39,400 THIS ONE HAS SNOOPY ON IT! 1133 00:29:39,466 --> 00:29:41,333 NOW THE GOOD NEWS IS, 1134 00:29:41,400 --> 00:29:42,866 ELIZABETH WARREN HAS PROPOSED 1135 00:29:42,933 --> 00:29:43,933 THE "CONSUMER BANKRUPTCY REFORM 1136 00:29:44,000 --> 00:29:46,733 ACT" WHICH WOULD COMPLETELY 1137 00:29:46,800 --> 00:29:47,766 OVERHAUL OUR BANKRUPTCY SYSTEM, 1138 00:29:47,833 --> 00:29:49,666 IT WOULD ELIMINATE EXCESSIVE 1139 00:29:49,733 --> 00:29:50,800 PAPERWORK NEEDED FOR FILING, 1140 00:29:50,866 --> 00:29:52,033 THEREBY LOWERING ATTORNEY COSTS. 1141 00:29:52,100 --> 00:29:53,300 IT'D MAKE STUDENT LOAN DEBT 1142 00:29:53,366 --> 00:29:55,433 DISCHARGEABLE, IT'D GET RID OF 1143 00:29:55,500 --> 00:29:57,733 THE REQUIREMENT FOR A CREDIT 1144 00:29:57,800 --> 00:29:58,566 COUNSELING COURSE, AND IT'D 1145 00:29:58,633 --> 00:30:00,000 COMBINE CHAPTERS 7 AND 13 INTO A 1146 00:30:00,066 --> 00:30:02,000 NEW, MORE FLEXIBLE CHAPTER 10. 1147 00:30:02,066 --> 00:30:03,266 IT'S A COMBINATION THAT WOULD BE 1148 00:30:03,333 --> 00:30:04,966 AN IMPROVEMENT -- SORT OF LIKE 1149 00:30:05,033 --> 00:30:06,000 BURGER KING'S CHICKEN FRIES, 1150 00:30:06,066 --> 00:30:07,100 A LITTLE BIT CHICKEN, A LITTLE 1151 00:30:07,166 --> 00:30:07,866 BIT FRIES, ALL IN A BOX THAT 1152 00:30:07,933 --> 00:30:09,633 LOOKS LIKE I ASKED MY KIDS TO 1153 00:30:09,700 --> 00:30:10,900 DRAW ME FROM MEMORY. 1154 00:30:10,966 --> 00:30:12,300 AND WHILE BIDEN HAS BROADLY 1155 00:30:12,366 --> 00:30:13,966 EXPRESSED SUPPORT FOR WARREN'S 1156 00:30:14,033 --> 00:30:15,466 REFORMS, THE FACT IS, THE BILL 1157 00:30:15,533 --> 00:30:17,600 IS UNLIKELY TO PASS IN ITS 1158 00:30:17,666 --> 00:30:18,966 ENTIRETY -- IT'D CURRENTLY NEED 1159 00:30:19,033 --> 00:30:20,600 TEN REPUBLICANS IN THE SENATE 1160 00:30:20,666 --> 00:30:21,900 TO GET ON BOARD BECAUSE 1161 00:30:21,966 --> 00:30:23,600 DEMOCRATS LIKE JOE MANCHIN AND 1162 00:30:23,666 --> 00:30:24,966 KYRSTEN SINEMA ARE STILL IN A 1163 00:30:25,033 --> 00:30:26,200 DEATH CULT OVER THE FILIBUSTER 1164 00:30:26,266 --> 00:30:27,000 FOR SOME REASON. 1165 00:30:27,066 --> 00:30:28,366 BUT THE FACT IS, SOMETHING BIG 1166 00:30:28,433 --> 00:30:31,000 NEEDS TO HAPPEN HERE. 1167 00:30:31,066 --> 00:30:32,466 BECAUSE WE BADLY NEED TO GET OUR 1168 00:30:32,533 --> 00:30:34,766 BROKEN BANKRUPTCY SYSTEM WORKING 1169 00:30:34,833 --> 00:30:35,400 AGAIN FOR PEOPLE WHO DESPERATELY 1170 00:30:35,466 --> 00:30:37,466 NEED A LIFELINE. 1171 00:30:37,533 --> 00:30:39,200 AND MEANWHILE, WHILE WE WAIT FOR 1172 00:30:39,266 --> 00:30:40,366 CONGRESS TO ACT, THE VERY LEAST 1173 00:30:40,433 --> 00:30:42,033 WE CAN DO IS OFFER AN 1174 00:30:42,100 --> 00:30:43,033 ALTERNATIVE CREDIT COUNSELING 1175 00:30:43,100 --> 00:30:43,600 COURSE THAT ISN'T QUITE SO 1176 00:30:43,666 --> 00:30:48,700 INSULTING. 1177 00:30:48,766 --> 00:30:49,900 ♪ ♪ 1178 00:30:49,966 --> 00:30:51,366 >> HELLO THERE. 1179 00:30:51,433 --> 00:30:52,466 I'M THE CARTOON STEAM ES WALK. 1180 00:30:52,533 --> 00:30:54,066 IF YOU ARE WATCHING THIS VIDEO, 1181 00:30:54,133 --> 00:30:55,533 CHANCES ARE YOU HAVE HIT HARD 1182 00:30:55,600 --> 00:30:56,433 TIMES. 1183 00:30:56,500 --> 00:30:57,900 MAYBE YOUR HUSBAND WAS PANCAKE 1184 00:30:57,966 --> 00:30:59,900 BY AN UNMARKED CARGO MAN OR 1185 00:30:59,966 --> 00:31:01,266 MAYBE YOU LOST YOUR JOB DUE TO 1186 00:31:01,333 --> 00:31:03,733 THE CORONAVIRUS AND THAT 1187 00:31:03,800 --> 00:31:07,200 FATEFUL DAY IN 2019 WHEN ONE BAT 1188 00:31:07,266 --> 00:31:08,300 FUCKED THAT OTHER BAT. 1189 00:31:08,366 --> 00:31:09,733 EITHER WAY, YOU ARE SADDLED WITH 1190 00:31:09,800 --> 00:31:10,766 DEBT RIGHT NOW AND YOU'RE 1191 00:31:10,833 --> 00:31:12,266 LOOKING FOR A FRESH START. 1192 00:31:12,333 --> 00:31:13,400 THANKFULLY, YOU HAVE FOUND 1193 00:31:13,466 --> 00:31:14,400 BANKRUPTCY. 1194 00:31:14,466 --> 00:31:15,633 LESS THAT IS YOUR DEBT'S 1195 00:31:15,700 --> 00:31:17,533 STUDENT LOANS, IN WHICH CASE, 1196 00:31:17,600 --> 00:31:18,500 YOU SHOULD THINK ABOUT FAKING 1197 00:31:18,566 --> 00:31:19,933 YOUR OWN DEATH BECAUSE ODDS ARE 1198 00:31:20,000 --> 00:31:21,966 YOU ARE AS FUCKED AS THIS BAT. 1199 00:31:22,033 --> 00:31:23,700 UNDER CURRENT THINKERS WHO ARE, 1200 00:31:23,766 --> 00:31:26,533 YOU ARE REQUIRED TO COMPLETE 1201 00:31:26,600 --> 00:31:27,100 THIS CREDIT COUNSELING COURSE. 1202 00:31:27,166 --> 00:31:28,666 AND THE KEY THING I'M HERE TO 1203 00:31:28,733 --> 00:31:30,966 TELL YOU IF THEY ARE TWO MAIN 1204 00:31:31,033 --> 00:31:32,700 KINDS OF PERSONAL BANKRUPTCY, 1205 00:31:32,766 --> 00:31:34,033 CHAPTER 7, THAT'S THE THING YOU 1206 00:31:34,100 --> 00:31:34,900 THINK OF BANKRUPTCY WERE 1207 00:31:34,966 --> 00:31:35,966 TYPICALLY MOST OF YOUR DEBTS CAN 1208 00:31:36,033 --> 00:31:37,866 BE DISCHARGED IN CHAPTER 13, 1209 00:31:37,933 --> 00:31:39,500 WHICH YOU MIGHT ASSUME WORKS 1210 00:31:39,566 --> 00:31:40,800 SIMILARLY, THERE ANYONE WHO HAS 1211 00:31:40,866 --> 00:31:42,433 BEEN THROUGH IT KNOWS THAT IT 1212 00:31:42,500 --> 00:31:42,933 DOESN'T. 1213 00:31:43,000 --> 00:31:45,133 AND IF ALL THIS SEEMS NEEDLESSLY 1214 00:31:45,200 --> 00:31:46,666 CONFUSING, IT'S BECAUSE IT IS. 1215 00:31:46,733 --> 00:31:48,300 THE WHOLE SYSTEM IS CURRENTLY 1216 00:31:48,366 --> 00:31:50,733 DESIGNED TO BE SO DISCOURAGING 1217 00:31:50,800 --> 00:31:52,533 THAT EVENTUALLY YOU SAY FUCK IT 1218 00:31:52,600 --> 00:31:53,700 AND GIVE UP. 1219 00:31:53,766 --> 00:31:53,933 [LAUGHS] 1220 00:31:54,000 --> 00:31:55,600 ARE YOU OKAY? 1221 00:31:55,666 --> 00:31:56,966 SO INSTEAD OF WATCHING A 1222 00:31:57,033 --> 00:31:58,100 CONDESCENDING SERIES OF VIDEOS 1223 00:31:58,166 --> 00:31:59,700 ABOUT HOW TO MAKE A BUDGET, WHY 1224 00:31:59,766 --> 00:32:01,900 DON'T WE BOTH MAKE BETTER USE OF 1225 00:32:01,966 --> 00:32:03,200 THIS TIME AND ENJOY THIS VIDEO 1226 00:32:03,266 --> 00:32:06,900 OF A MAN FEEDING A PACK OF 1227 00:32:06,966 --> 00:32:07,733 RACCOONS INDIVIDUAL HOT DOGS? 1228 00:32:07,800 --> 00:32:09,666 >> YES! 1229 00:32:09,733 --> 00:32:11,066 YES! 1230 00:32:11,133 --> 00:32:11,400 YES! 1231 00:32:11,466 --> 00:32:13,666 >> LOOK, FILING FOR BANKRUPTCY 1232 00:32:13,733 --> 00:32:15,666 WILL NEVER BE AS ENJOYABLE AS A 1233 00:32:15,733 --> 00:32:16,466 RACCOON EATING A HOTDOG. 1234 00:32:16,533 --> 00:32:18,400 BUT AT THE VERY LEAST, IT SHOULD 1235 00:32:18,466 --> 00:32:21,566 BE THAT SIMPLE. 1236 00:32:21,633 --> 00:32:21,733 BYE. 1237 00:32:21,800 --> 00:32:25,533 ♪ ♪ 1238 00:32:25,600 --> 00:32:27,266 >> John: THAT'S OUR SHOW. 1239 00:32:27,333 --> 00:32:28,400 THANKS SO MUCH FOR WATCHING. 1240 00:32:28,466 --> 00:32:28,833 WE'RE OFF NEXT WEEK, 1241 00:32:28,900 --> 00:32:29,900 BACK MAY 2ND.