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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. so lots of people are struggling to pay, so they make tons of money on that. then they write off the debt that they don t collect after a certain number of days. they get a tax benefit from that. then they also have spun off this whole debt buying indus
that it s krun f time? and we re digging deeper into ron paul s writings and finding sexual harassment victims. i m wolf blitzer. you re in the situation room. we re here in the new cnn election center counting down to the final few days and hours before the first contest of 2012. the new iowa poll out today reenforcing mitt romney s place at the top of the pack, running neck and neck with ron paul. it drives home the bombshell findings of our poll this week, sh showing rick santorum has surged to third place in iowa, while newt gingrich has faded. it s put iting more and more pressure on romney to go for broke in iowa, to try to pull off a win tuesday night. jim acosta is joining us from des moines with more. t mitt romney has the big mo and the question heading into this weekend is whether he will win the iowa caucuses without breaking a sweat. no wonder mitt romney appears to be going all in in iowa. he just might be holding a winning hand. a sign just days before