Bad paper: chasing debt from Wall Street to the underworld
(Book)

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Average Rating
Published:
New York : Farrar, Straus and Giroux, 2014.
Format:
Book
Edition:
First edition.
ISBN:
9780374108236, 0374108234
Physical Desc:
240 pages ; 22 cm
Status:
Wright Farms - Adult Nonfiction
T CRIME i
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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T CRIME i
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Language:
English

Notes

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"--,Provided by publisher.
Description
"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"--,Provided by publisher.
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Citations
APA Citation (style guide)

Halpern, J. (2014). Bad paper: chasing debt from Wall Street to the underworld. First edition. New York: Farrar, Straus and Giroux.

Chicago / Turabian - Author Date Citation (style guide)

Halpern, Jake. 2014. Bad Paper: Chasing Debt From Wall Street to the Underworld. New York: Farrar, Straus and Giroux.

Chicago / Turabian - Humanities Citation (style guide)

Halpern, Jake, Bad Paper: Chasing Debt From Wall Street to the Underworld. New York: Farrar, Straus and Giroux, 2014.

MLA Citation (style guide)

Halpern, Jake. Bad Paper: Chasing Debt From Wall Street to the Underworld. First edition. New York: Farrar, Straus and Giroux, 2014. Print.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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Grouped Work ID:
9e5a49b1-846e-0866-8083-0a9b0497dd07
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Record Information

Last File Modification TimeAug 23, 2019 01:58:43 AM
Last Grouped Work Modification TimeOct 02, 2019 02:01:29 AM

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