Halpern brings unexpected literary heft to the world of debt collection.

BAD PAPER

CHASING DEBT FROM WALL STREET TO THE UNDERWORLD

An investigation of the bottom-feeding underworld of debt collecting and its disreputable cast of rip-off artists.

As journalist and novelist Halpern (Dormia, 2009, etc.) discovered, the world of debt collection is every bit as scummy (and possibly scummier) as its reputation has always suggested. “Some thirty-five million consumers—roughly 14% of all Americans—are currently being hounded over at least one loan,” he writes. The author delivers a tale of two kinds of lowlifes and their collaboration in a lowest-common-denominator business that makes Wall Street look meek and ethical. Halpern begins with a focus on former banker Aaron Siegel, who moved back to his financially downtrodden hometown of Buffalo, N.Y., rounded up $14 million from chummy investors and opened his own private equity fund specializing in debt collection. After being ripped off by his own shady employees, who stole a huge portfolio of debt out from under his nose and started their own rogue agency, Siegel decided to employ the help of ex–bank robber Brandon Wilson to help strong-arm the debt collection competition into submission. Halpern tracks not only Siegel and Wilson’s quixotic quest for the stolen debt, but also the ugly, everyday inner workings of the business as a whole, much of which is based in crime-ridden, economically destitute Buffalo. The predominantly unethical practice of buying, selling and collecting debt is carried out by just the sort of societal outcasts you’d expect—usually, ex-cons or other desperate, otherwise unemployable screw-ups fill the business’s ranks. Halpern’s story of the debt collection world is also a dramatic rise-and-fall tale that traces the anything-goes heyday of debt collecting businesses in the unregulated early 2000s and how it has changed with the consequential recent Obama-era crackdowns on the shadier practices in the field. As we see in the book, these new regulations make it much harder for miscreants like Siegel and Wilson to survive.

Halpern brings unexpected literary heft to the world of debt collection.

Pub Date: Oct. 14, 2014

ISBN: 978-0-374-10823-6

Page Count: 256

Publisher: Farrar, Straus and Giroux

Review Posted Online: Aug. 13, 2014

Kirkus Reviews Issue: Aug. 1, 2014

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The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the...

NIGHT

Elie Wiesel spent his early years in a small Transylvanian town as one of four children. 

He was the only one of the family to survive what Francois Maurois, in his introduction, calls the "human holocaust" of the persecution of the Jews, which began with the restrictions, the singularization of the yellow star, the enclosure within the ghetto, and went on to the mass deportations to the ovens of Auschwitz and Buchenwald. There are unforgettable and horrifying scenes here in this spare and sombre memoir of this experience of the hanging of a child, of his first farewell with his father who leaves him an inheritance of a knife and a spoon, and of his last goodbye at Buchenwald his father's corpse is already cold let alone the long months of survival under unconscionable conditions. 

The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the sphere of suffering shared, and in this case extended to the death march itself, there is no spiritual or emotional legacy here to offset any reader reluctance.

Pub Date: Jan. 16, 2006

ISBN: 0374500010

Page Count: 120

Publisher: Hill & Wang

Review Posted Online: Oct. 7, 2011

Kirkus Reviews Issue: Jan. 15, 2006

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Thus the second most costly war in American history, whose “outcome seemed little short of a miracle.” A sterling account.

1776

A master storyteller’s character-driven account of a storied year in the American Revolution.

Against world systems, economic determinist and other external-cause schools of historical thought, McCullough (John Adams, 2001, etc.) has an old-fashioned fondness for the great- (and not-so-great) man tradition, which may not have much explanatory power but almost always yields better-written books. McCullough opens with a courteous nod to the customary villain in the story of American independence, George III, who turns out to be a pleasant and artistically inclined fellow who relied on poor advice; his Westmoreland, for instance, was a British general named Grant who boasted that with 5,000 soldiers he “could march from one end of the American continent to the other.” Other British officers agitated for peace, even as George wondered why Americans would not understand that to be a British subject was to be free by definition. Against these men stood arrayed a rebel army that was, at the least, unimpressive; McCullough observes that New Englanders, for instance, considered washing clothes to be women’s work and so wore filthy clothes until they rotted, with the result that Burgoyne and company had a point in thinking the Continentals a bunch of ragamuffins. The Americans’ military fortunes were none too good for much of 1776, the year of the Declaration; at the slowly unfolding battle for control over New York, George Washington was moved to despair at the sight of sometimes drunk soldiers running from the enemy and of their officers “who, instead of attending to their duty, had stood gazing like bumpkins” at the spectacle. For a man such as Washington, to be a laughingstock was the supreme insult, but the British were driven by other motives than to irritate the general—not least of them reluctance to give up a rich, fertile and beautiful land that, McCullough notes, was providing the world’s highest standard of living in 1776.

Thus the second most costly war in American history, whose “outcome seemed little short of a miracle.” A sterling account.

Pub Date: June 1, 2005

ISBN: 0-7432-2671-2

Page Count: 656

Publisher: Simon & Schuster

Review Posted Online: May 20, 2010

Kirkus Reviews Issue: April 1, 2005

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