Hilarious Video: John Oliver and Sarah Silverman Slam Payday Loan Industry ‘Motherf***ers’
On Sunday’s edition of Last Week Tonight, John Oliver and guest Sarah Silverman took aim at America’s payday loan industry “motherf***ers” and their predatory practices.
Noting that payday loan businesses can charge up to 1700 percent interest and are practically unregulated, Silverman suggested doing anything other than “dealing with these payday loan motherf***ers.”
John Oliver noted that the payday loan industry is worth $9 billion and there are more payday loan stores in the US than McDonalds or Starbucks.
“McDonalds!” Oliver exclaimed. “I didn’t know there was more of anything in the US than McDonalds, including people and grains of sand.”
Oliver then noted that more than 75 percent of borrowers then need to take out new loans to pay off the original loan. “Basically,” he quipped, “Payday loans are the Lay’s potato chips of finance: you can’t just have one, and they’re terrible for you.”
He then brought on Silverman to launch a “counter-campaign” to celebrity endorsements of payday loans.
“Hi, I’m Sarah Silverman,” she said. “If you’re considering taking out a payday loan, I’d like to tell you about a great alternative. It’s called ‘anything else.’ The way it works is instead of taking out a payday loan you literally do anything else.”
You can sell your sperm or blood, or even throw yourself in front of a “rich guy’s car,” she said. “He’ll throw money at the problem, just to make that sh*t go away.”
She then said old people can just take things since they won’t be sent to jail.
“Go to the grocery store right now, fill up a cart with everything you need, and walk the f*ck out of there,” Silverman quipped.
“The point is, no decision in your life will be worse than dealing with these payday loan motherf*ckers,” she said. “They’re motherf*ckers, f*ckers of mothers. So, if you’re thinking of getting a payday loan, just simply pick up the phone, and then put it down again and do literally anything else.”