At Wealth and Wisdom we are always on the lookout for topics that interest our readers. This week we review the book Bailout Riches by Bill Bartmann.

Bailout Riches is a how to guide for making money with the new government bailouts such as the Tarp or RTC. Two decades ago (during the last bailout) he went from being deeply in debt to becoming a billionaire by buying bad loans for pennies on the dollar. He would buy the bad debt for say 2 cents on the dollar and work to recover 6 cents on the dollar. In the book he lays out the entire plan from obtaining the bad debt to the collection process. This is not a get rich quick book! The process he explains will take a good deal of time and effort but it made him a billionaire.

Mr. Bartmann’s business system will not suit everyone but he is living proof it can be done. He points out this opportunity will only be around for a few years while the banks and government work through all this bad debt. If you are looking to make some money off all these government bailouts time is of the essence - you need to act now! Bailout Riches will give you a blueprint for one route to take to make some money from the current economic situation.

I’m sure there will be other opportunities that come up from the government bailouts. We will cover them as they arise.

Bailout Riches!: How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar