Bad paper : chasing debt from Wall Street to the underworld / Jake Halpern.
By: Halpern, Jake.
New York : Farrar, Straus and Giroux, 2014Edition: First edition.Description: 240 pages ; 22 cm.ISBN: 9780374108236 (hardback).Subject(s): Collecting of accounts | Collection agencies | Consumer credit | Finance, Personal | BUSINESS & ECONOMICS / Personal Finance / GeneralGenre/Form: Print books.Online resources: Cover image Summary: "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"--Summary: "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"--| Current location | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|
| On Shelf | HG179 .H247 2014 (Browse shelf) | Available | AU0000000003261 |
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| HG178.33.I74 I855 2017 Islamic microfinance : Shari'ah compliant and sustainable? / | HG178.33.I74 I855 2017 Islamic microfinance : Shari'ah compliant and sustainable? / | HG179 .D8587 2013 Happy money : the science of smarter spending / | HG179 .H247 2014 Bad paper : chasing debt from Wall Street to the underworld / | HG179 .K565 2012 Rich dad, poor dad : what the rich teach their kids about money-- that the poor and middle class do not! / | HG179 .K59 2017 Get a financial life : personal finance in your twenties and thirties / | HG179 .M37428 2019 Family Inc. : using business principles to maximize your family's wealth / |
Includes bibliographical references (pages 229-237).
"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"--