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Violence between repo men, car owners rising

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posted on Feb, 27 2009 @ 09:00 AM
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Another sign of the times?

www.msnbc.msn.com...


HALSELL, Ala. - Alone in his mobile home off a winding dirt road, Jimmy Tanks heard a commotion at 2:30 a.m. just outside his bedroom window: Somebody was messing with his car.

The 67-year-old railroad retiree grabbed a gun, walked out the back door and confronted not a thief but a repo man and two helpers trying to tow off the Chrysler Sebring. Shots were fired, and Tanks wound up dead, a bullet in his chest.

The man who came to repossess the car, Kenneth Alvin Smith, is awaiting trial on a murder charge in a state considered a Wild West territory even by the standards of an industry that’s largely unregulated nationally. Since Tanks’ death last June, two other repo men from the same company Smith worked for were shot, one fatally.


Dude where's your car?

As more and more people lose jobs and are unable to pay for their cars repossessions will continue to rise one can only wonder how long it will be before repo men have orders to shoot first and ask questions later.

From the report...


With the U.S. dealing with an economic slide that has cost millions of jobs, the number of vehicle repossessions is expected to rise 5 percent this year. That’s after it jumped 12 percent to 1.67 million nationally in 2008, said Tom Webb, chief economist with Manheim Consulting, an automotive marketing firm. That followed a 9 percent increase in 2007, creating more opportunities for bad outcomes in an industry where armed confrontations and threats happen every day.


Fear the repo man!




posted on Feb, 28 2009 @ 09:52 AM
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The government is helping homeowners that bought houses they couldn't afford. What about people that bought fancy cars that they couldn't afford?





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