Bad paper: chasing debt from Wall Street to the underworld

Book Cover
Average Rating
Publisher:
Farrar, Straus and Giroux,
Pub. Date:
2014.
Edition:
1st Edition.
Language:
English
Description

The Federal Trade Commission receives more complaints about rogue debt collecting than about any activity besides identity theft. Dramatically and entertainingly, Bad Paper reveals why. It tells the story of Aaron Siegel, a former banking executive, and Brandon Wilson, 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 Aaron and Brandon learn, the world of consumer debt collection is an unregulated shadowland where operators often make unwarranted threats and even collect debts that are not theirs.

Introducing an unforgettable cast of strivers and rogues, Jake Halpern chronicles their lives as they manage high-pressure call centers, hunt for paper in Las Vegas casinos, and meet in parked cars to sell the social security numbers and account information of unsuspecting consumers. He also tracks a "package" of debt that is stolen by unscrupulous collectors, leading to a dramatic showdown with guns in a Buffalo corner store. Along the way, he reveals the human cost of a system that compounds the troubles of hardworking Americans and permits banks to ignore their former customers. The result is a vital exposé that is also a bravura feat of storytelling.

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ISBN:
9780374108236
9781629238791
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Grouping Information

Grouped Work ID 9e5a49b1-846e-0866-8083-0a9b0497dd07
Grouping Title bad paper chasing debt from wall street to the underworld
Grouping Author halpern jake
Grouping Category book
Last Grouping Update 2019-09-01 06:20:04AM
Last Indexed 2019-09-16 03:44:57AM

Solr Details

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accelerated_reader_point_value 0
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auth_author2 Marshall, Qarie,
author Halpern, Jake,
author2-role Marshall, Qarie,narrator.
hoopla digital.
author_display Halpern, Jake
available_at_ignacio Ignacio Community Library
detailed_location_ignacio Ignacio Community Library - Nonfiction
display_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"--
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owning_library_ignacio Ignacio Community Library
owning_location_ignacio Ignacio Community Library
primary_isbn 9780374108236
publishDate 2014
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical Description
hoopla:MWT11207852 eAudiobook Audio Books Unabridged. English Dreamscape Media, LLC, 2014. 1 online resource (1 audio file (6hr., 37 min.)) : digital.
ils:533763 Book Books 1st Edition. English Farrar, Straus and Giroux, 2014. 240 pages ; 22 cm.
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scoping_details_ignacio
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ils:533763 1322878 On Shelf On Shelf true true true false false true
subject_facet BUSINESS & ECONOMICS / Personal Finance / General
Collecting of accounts
Collection agencies
Consumer credit
Finance, Personal
title_display Bad paper chasing debt from Wall Street to the underworld
title_full Bad paper : chasing debt from Wall Street to the underworld [electronic resource] / Jake Halpern
Bad paper chasing debt from Wall Street to the underworld / Jake Halpern
title_short Bad paper
title_sub chasing debt from Wall Street to the underworld
topic_facet BUSINESS & ECONOMICS / Personal Finance / General
Collecting of accounts
Collection agencies
Consumer credit
Finance, Personal