Bad paper: chasing debt from Wall Street to the underworld
(Book)
"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"--
Notes
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.
Record Information
| Last Sierra Extract Time | Apr 20, 2024 09:06:24 PM |
|---|---|
| Last File Modification Time | Apr 20, 2024 09:06:46 PM |
| Last Grouped Work Modification Time | Apr 24, 2024 02:13:21 AM |
MARC Record
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| 100 | 1 | |a Halpern, Jake. | |
| 245 | 1 | 0 | |a Bad paper :|b chasing debt from Wall Street to the underworld /|c Jake Halpern. |
| 246 | 3 | 0 | |a Chasing debt from Wall Street to the underworld. |
| 250 | |a First edition. | ||
| 264 | 1 | |a New York :|b Farrar, Straus and Giroux,|c 2014. | |
| 300 | |a 240 pages ;|c 22 cm. | ||
| 336 | |a text|2 rdacontent. | ||
| 337 | |a unmediated|2 rdamedia. | ||
| 338 | |a volume|2 rdacarrier. | ||
| 520 | |a "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"--|c Provided by publisher. | ||
| 650 | 0 | |a Finance, Personal. | |
| 650 | 0 | |a Consumer credit. | |
| 650 | 0 | |a Collecting of accounts. | |
| 650 | 0 | |a Collection agencies. | |
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