In May 2019, a gold Ford Transit exploded against the backdrop of Canary Wharf in Londons financial district, sending paper fluttering through the air. With this act, 1.2m of high interest debt carried by local people living in east London had been cancelled.
Yet there was a bigger shock to come. Those debts had been purchased on the secondary market for just 20,000 a tiny fraction of their face value even though the sums debtors were being pursued for were rising by the day.
This symbolic scene from Bank Job was designed to blow open the way the debt industry operates; the WTF moment that draws people in, enrages them, and explodes the shameful secret of problem debt into a topic of national conversation, according to its creators.
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Read the full article at: https://www.ft.com/content/86418c40-8d42-4005-a813-f1697b3a00e0
