Comments on: Booming Business For Car Repo Men

CBS Evening News: Auto Loan Defaults Are On The Rise, Leaving Many Americans Car-less; But Some Companies Benefit

[omega39-2009]

According to the bank, the owner of the car had his home foreclosed. When he wakes up, he'll find out the hard way what happens after missing one too many payments on his luxury SUV.

Heh-heh, I bet he voted for bush to.....twice.

[aheadace]

Clinton did drop the ball with Madoff one time! but Bush and compant had the chance more than one time in eight years and did nothing.

[jwesel1]

Three years back, I bought a Honda minivan for cash, well 80% cash and rest on credit card that I paid off next month. I bought the cheapest model out there despite the sales manager trying to convince me that I can go for the higher model and it won't cost me more than $50/month additional. My only regret is that I should have been equally "smart" when buying my house.

[dsnj1-2009]

Another good example of people who live in America and cannot write/type in proper English-good luck in getting a high paying job in this mrket with skills like those!

[nujac123]

"Repo people are scumbags. "

So if you sold someone something and they didn't make the payments, you would let them keep the item????

[perk235]

This whole economic mess was caused by people living beyond thier means. If people would have bought what they could afford and nothing more, prices would have stayed lower and we would not be in a recession, but people do not think about what thier decisions will cost them. Buy a 500 dollar couch on credit and end up paying 1100, who cares since I am only paying 20 dollars a month. Great math!!!
Posted by jdog911-2009 at 8:07 PM : Mar 20, 2009
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The economy is sinking because of $160 TRILLION dollars in derivatives, which are risk bets that financial institutions made.

GE problems--derivatives
AIG problems--derivatives
Citibank problems--derivatives

The mortgage crisis was just the tip of the iceberg. Securitization of debt and the out-of-control derivatives market is what caused the world-wide financial meltdown and is why people are losing their jobs and therefore their cars.

[erasmus111]

Repo people are scumbags.
Sure they're just doing their jobs, and people overspend on things they don't really need....

Posted by gce651 at 8:17 PM : Mar 20, 2009

Yeah, you can stop right there. They are doing their jobs, and they wouldn't have to take away that car if people paid their bill. How is that anyones fault but theirs? It's a job that needs to be done.

[jdog911-2009]

Repo people are not scumbags, they are not feeding off the misery of other people. Nothing is free. Buy what you can afford and the Repo people will not have to go and hold the dead beats accountable, which a very important job in a lazy society.

[gce651]

Repo people are scumbags.
Sure they're just doing their jobs, and people overspend on things they don't really need, but their jobs feed off the misery of others.
Ask around among kids. I bet you won't hear any of them say, "When I grow up, I wanna be a repo man."

[jdog911-2009]

This whole economic mess was caused by people living beyond thier means. If people would have bought what they could afford and nothing more, prices would have stayed lower and we would not be in a recession, but people do not think about what thier decisions will cost them. Buy a 500 dollar couch on credit and end up paying 1100, who cares since I am only paying 20 dollars a month. Great math!!!