i'm chris hayes here with writer astra, sarah ludwig, and doug henwood.debt, the role debt plays in peoples lives and strike debt, the initiative from an occupy wall street offshoot, if that's a fair term. to essentially purchase distressed debt and forgive it sarah, you work with communities whose lives are structured by debt and hounded by collection agencies. >> we have to understand this debt buying and debt collection in the context of financial systems that is really predicated on inequality and exploitation. the way we understand the debt buying industry, it's one more stop on the spectrum of exploited practices. so we know that credits exploded, but what kinds of credit? we have seen the banks made an absolute killing. we think about chase, bank of america. they have really targeted struggling people for high-cost credit. they charge high interest rates. jack in fees. that's the business model. they know full well that in their high-volume of credit they're issuing, that there's going to be a percentage of people that are not able to pay the debt.