Bailout Riches! by Bill Bartmann, Jonathan Rozek (2009, Hardcover)

I purchased this book expecting to learn more about how to purchase government debt, securities, real estate, and the like. This is essentially what the author promises in the book's sleeve. However, I was in for quite a disappointment.

This book has nothing to do with the government bailout or getting rich from buying government debt for pennies on the dollar. Here is the synopsis of this book: Jonathan tells you to go to your local bank and convince the manager to sell you their uncollected loans on cars, boats, and other small loans. These are the defaulted loans where people could not pay the entire amount. You buy these uncollected loans from the bank for pennies on the dollar and then you start calling each of these people one by one and get them to pay back their debt to *you* instead of the bank. So, in other words, this book teaches you to be a one-person collection agency. If this seems interesting to you, then by all means, purchase the book. But if you had something in mind that didn't involve spending hours on the phone with people that oftentimes have bad credit and no money, then don't waste your time.