Bad paper: chasing debt from Wall Street to the underworld
(Book)
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"--
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Citations
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.
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Last Sierra Extract Time | Aug 28, 2024 07:28:34 AM |
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Last File Modification Time | Aug 28, 2024 07:28:57 AM |
Last Grouped Work Modification Time | Sep 07, 2024 02:15:45 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. | ||
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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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