In this weeks New York Times Magazine, author Jake Halpern falls deep into the seedy, ethically questionable, and extraordinarily lucrative world of debt collection. His piece follows a firm in Buffalo, NY as it judges what debt packages or paper might prove lucrative, when bought for pennies on the dollar from banks and other businesses, and what debtors are most likely to pay up. To accompany it, Journalist Felix Salmon has developed Bad Paper for Fusion, a TV channel and website that he joined earlier this year. …
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