Stout | Dispossessed | Buch |

Stout Dispossessed

How Predatory Bureaucracy Foreclosed on the American Middle Class

1. Auflage 2019, 280 Seiten, Gebunden, Cloth Over Boards, Format (B × H): 152 mm x 229 mm, Gewicht: 544 g Reihe: California Series in Public Anthropology
ISBN: 978-0-520-29177-5
Verlag: University of California Press

Stout Dispossessed

In the aftermath of the 2008 financial crisis, more than 14 million U.S. homeowners filed for foreclosure. Focusing on the hard-hit Sacramento Valley, Noelle Stout uncovers the predacious bureaucracy that organized the largest bank seizure of residential homes in U.S. history. Stout reveals the failure of Wall Street banks’ mortgage assistance programs—backed by over $300 billion of federal funds—to deliver on the promise of relief. Unlike the programs of the Great Depression, in which the government took on the toxic mortgage debt of Americans, corporate lenders and loan servicers ultimately denied over 70 percent of homeowner applications. In the voices of bank employees and homeowners, Stout unveils how call center representatives felt about denying appeals and shares the fears of families living on the brink of eviction. Stout discloses the impacts of rising inequality on homeowners—from whites who felt their middle-class life unraveling to communities of color who experienced a more precipitous and dire decline. Trapped in a Kafkaesque maze of mortgage assistance, borrowers began to view debt refusal as a moral response to lenders, as seemingly mundane bureaucratic dramas came to redefine the meaning of debt and dispossession.


Weitere Infos & Material

List of Illustrations
Introduction. Once Sold, Twice Taken: A Life Undone

1. Dream It, Own It: Genealogies of Speculation
and Dispossession in the Valley


2. Put Out: Bank Seizure at the Poverty Line

3. Robbing Peter to Pay Paul: Relocating the Middle Class


4. Can’t Work the System: The Troubled Sympathies of Corporate

5. We Shall Not Be Moved: The Shifting Moral
Economies of Debt Refusal


Conclusion. You Can’t Go Home Again


Stout, Noelle
Noelle Stout is Associate Professor of Anthropology at New York University. She is the author of After Love: Queer Intimacy and Erotic Economies in Post-Soviet Cuba and director of the documentary Luchando.

Ihre Fragen, Wünsche oder Anmerkungen

Ihre E-Mail-Adresse*
Ihre Nachricht*
Lediglich mit * gekennzeichnete Felder sind Pflichtfelder.
Wenn Sie die im Kontaktformular eingegebenen Daten durch Klick auf den nachfolgenden Button übersenden, erklären Sie sich damit einverstanden, dass wir Ihr Angaben für die Beantwortung Ihrer Anfrage verwenden. Selbstverständlich werden Ihre Daten vertraulich behandelt und nicht an Dritte weitergegeben. Sie können der Verwendung Ihrer Daten jederzeit widersprechen. Das Datenhandling bei Sack Fachmedien erklären wir Ihnen in unserer Datenschutzerklärung.