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Bad paper: chasing debt from Wall Street to the underworld

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Publisher:
Farrar, Straus and Giroux,
Pub. Date:
2014.
Edition:
1st Edition.
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 alsoexplores 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 importantconsciousness-raiser"--
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ISBN:
9780374108236
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Grouping Information

Grouped Work ID3fe948da-72c5-04ff-adaa-22f752b10921
Grouping Titlebad paper chasing debt from wall street to the underworld
Grouping Authorjake halpern
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2021-10-19 04:07:45AM
Last Indexed2021-10-19 04:54:11AM
Novelist Primary ISBN9780374108236

Solr Details

accelerated_reader_point_value0
accelerated_reader_reading_level0
authorHalpern, Jake.
author_displayHalpern, Jake
available_at_aacplDeale Library
collection_aacplADULT
detailed_location_aacplDeale Library - 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 alsoexplores 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 importantconsciousness-raiser"--
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item_details
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ils:a114920431997088786082Deale Library - Nonfiction332.7 H1falsefalseOn ShelfNov 26, 2019SCO
itype_aacplAdult Nonfiction
last_indexed2021-10-19T08:54:11.606Z
lexile_score-1
literary_formNon Fiction
literary_form_fullNon Fiction
local_callnumber_aacpl332.7 H
owning_library_aacplAnne Arundel County Public Library
owning_location_aacplDeale Library
primary_isbn9780374108236
publishDate2014
publisherFarrar, Straus and Giroux,
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical DescriptionAbridged
ils:a1149204BookBooks1st Edition.EnglishFarrar, Straus and Giroux, 2014.240 pages ; 22 cm
recordtypegrouped_work
scoping_details_aacpl
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
ils:a114920431997088786082On ShelfOn Shelffalsetruetruefalsefalsetrue
subject_facetBUSINESS & ECONOMICS / Personal Finance / General
Collecting of accounts
Collection agencies
Consumer credit
Finance, Personal
title_displayBad paper : chasing debt from Wall Street to the underworld
title_fullBad paper : chasing debt from Wall Street to the underworld / Jake Halpern
title_shortBad paper
title_subchasing debt from Wall Street to the underworld
topic_facetBUSINESS & ECONOMICS / Personal Finance / General
Collecting of accounts
Collection agencies
Consumer credit
Finance, Personal