Job seekers, especially those weighing over 200 pounds, will want to read this article by Phillip O’Connor in today’s St. Louis Post-Dispatch.
Auto loans are more expensive, more people are unemployed and “upside-down” on their car loans, securities composed of toxic auto loans clog the financial system, and TALF benefits haven’t reached car loan companies.
What it all means: more work for the Repo Man.
“It’s 4 A.M., do you know where your car is?”
More:
“Violence between repo men, car owners on the rise,” Jay Reeves, Associated Press via KVAL-TV
“Eugene auto repos are on the rise as economy tanks,” Associated Press via The Oregonian
”Captain Repo,” Eve Conant, Newsweek
“Repos on the rise – Bailiff services seeing an increase in business as economy drops,” Jeanne Gagnon, Herald-Tribune (Grand Prairie, Alberta CA)
“The Recession’s Gotten So Bad, Even the Repo Man’s Singing the Blues,” Michael M. Phillips, Wall Street Journal
“Repo Biz Going Strong,” KNWA-TV
“Repo man dangers during sick economy,” Jeff Ferrell, KSLA-TV
Repo Man (1983, Alex Cox, director); cult film and soundtrack album.
Comments are welcome if they are on-topic, substantive, concise, and not obscene. Comments may be edited for clarity and length.
Tags: cars, economy, films, finance, financial crisis
