The Albatross of Repo Reality

People are destroying their own vehicles in order to collect insurance rather than have the vehicle repossessed.

The Wall Street Journal of March 25, 2009, had an enlightening story on this.

It is also enlightening that the article, with large photo, on page A3 of the WSJ was surrounded by the following:

• A large ad, without image, from Tiffany & Co.
• A large ad for Only NetJets, the "fractional jet ownership" folks.
• A large ad for David Yurman jewelry (in this case, for an item ranging in price from $950 to $1,950).
• A large ad for Ulysse Nardin watches (prices not shown)
• A news story headlined "Spector Won't Support Union-Backed Bill"

The Albatross of Context.

Form your own conclusions.