Bad paper: chasing debt from Wall Street to the underworld

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Pub. Date:
2014.
Language:
English
Description
"A trip to the underworld of debt collection, where bankers team up with ex-burglars and few rules apply Bad Paper is a riveting expose;, a moving story of an unlikely friendship, and a gritty narrative of how scrappy entrepreneurs profit from our debts. Jake Halpern introduces us to a former banking executive and a former armed robber who become partners and go in quest of "paper"--the uncollected debts that are sold off by banks for pennies on the dollar. As Halpern shows, the world of consumer debt collection is a wild and unregulated shadowland, where operators may misrepresent a debtor's situation, make illegal threats, and even lay claim to debts that are not theirs to collect in the first place. It is a realm of indelible individuals who possess a swagger and vocabulary that even David Mamet could not invent. Halpern follows his collectors as they intimidate competitors with weapons, manage high-pressure call centers, and scheme new ways to benefit from American's debt-industrial complex. He also explores the history of collection agencies and reveals the human cost of a system that leaves hardworking Americans with little opportunity to retire their debts in a reasonable way. The result is a bravura work of storytelling that is also an important consciousness-raiser"--
"Frequent New Yorker contributor Jake Halpern investigates the shadowy, unregulated world of consumer debt collection, focusing on an unlikely friendship between a former banking executive and former armed robber who go in search of "paper," spreadsheets of uncollected debt sold off by banks for pennies on the dollar"--
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ISBN:
9780374108236
9781629238791
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Grouping Information

Grouped Work ID 9e5a49b1-846e-0866-8083-0a9b0497dd07
full_title bad paper chasing debt from wall street to the underworld
author halpern jake
grouping_category book
lastUpdate 2017-09-12 02:03:54AM

Solr Details

accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
auth_author2 Marshall, Qarie,
author Halpern, Jake.
author2-role Marshall, Qarie,narrator., hoopla digital.
author_display Halpern, Jake
available_at_catalog Wright Farms
detailed_location_catalog Wright Farms - Adult Nonfiction
display_description "A trip to the underworld of debt collection, where bankers team up with ex-burglars and few rules apply Bad Paper is a riveting expose;, a moving story of an unlikely friendship, and a gritty narrative of how scrappy entrepreneurs profit from our debts. Jake Halpern introduces us to a former banking executive and a former armed robber who become partners and go in quest of "paper"--the uncollected debts that are sold off by banks for pennies on the dollar. As Halpern shows, the world of consumer debt collection is a wild and unregulated shadowland, where operators may misrepresent a debtor's situation, make illegal threats, and even lay claim to debts that are not theirs to collect in the first place. It is a realm of indelible individuals who possess a swagger and vocabulary that even David Mamet could not invent. Halpern follows his collectors as they intimidate competitors with weapons, manage high-pressure call centers, and scheme new ways to benefit from American's debt-industrial complex. He also explores the history of collection agencies and reveals the human cost of a system that leaves hardworking Americans with little opportunity to retire their debts in a reasonable way. The result is a bravura work of storytelling that is also an important consciousness-raiser"-- "Frequent New Yorker contributor Jake Halpern investigates the shadowy, unregulated world of consumer debt collection, focusing on an unlikely friendship between a former banking executive and former armed robber who go in search of "paper," spreadsheets of uncollected debt sold off by banks for pennies on the dollar"--
format_catalog Book, eAudiobook
format_category_catalog Audio Books, Books, eBook
id 9e5a49b1-846e-0866-8083-0a9b0497dd07
isbn 9780374108236, 9781629238791
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itype_catalog
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literary_form Non Fiction
literary_form_full Non Fiction
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owning_library_catalog All Anythink Libraries
owning_location_catalog Wright Farms
primary_isbn 9780374108236
publishDate 2014
record_details hoopla:MWT11207852|eAudiobook|Audio Books|Unabridged.|English|Dreamscape Media, LLC ,|2014.|1 online resource (1 audio file (6hr., 37 min.)) : digital., ils:1010966|Book|Books|First edition.|English|Farrar, Straus and Giroux,|2014.|240 pages ; 22 cm
recordtype grouped_work
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subject_facet BUSINESS & ECONOMICS / Personal Finance / General, Collecting of accounts, Collection agencies, Consumer credit, Finance, Personal, HISTORY / United States / 21st Century, TRUE CRIME / White Collar Crime
title_display Bad paper : chasing debt from Wall Street to the underworld
title_full Bad paper : chasing debt from Wall Street to the underworld / Jake Halpern, Bad paper : chasing debt from Wall Street to the underworld [electronic resource] / Jake Halpern
title_short Bad paper :
title_sub chasing debt from Wall Street to the underworld
topic_facet Collecting of accounts, Collection agencies, Consumer credit, Finance, Personal