Is this in the US???
Bank Repossess Sheriff's Patrol Cars Produced by Rob Wildeboer on Wednesday, September 23, 2009
The Alexander County Sheriff's department at the Southern tip of Illinois is trying to round up some vehicles, as most of the department's patrol cars were repossessed earlier this week. Sheriff David Barkett surrendered five Crown Victoria's emblazoned with the Sheriff's seal to First National Bank in Cairo on Tuesday of this week. The bank won't comment on the cars except to say customers in Illinois have 21 days to try and reclaim them. Barkett was left with only one county owned vehicle though a volunteer spokesman for the Sheriff says the state has been able to provide a 2004, Ford SUV to the department and he's hoping they'll be able to provide additional cars. And the spokesman says the department will try to figure out if there's a way to get their old patrol cars back. He says they took the lights off the roofs before turning the cars over to the bank. Sheriff Barkett recently laid off 11 employees, three quarters of his workforce, because of budget problems.
http://www.chicagopublicradio.org/content.aspx?audioid=36977
Tuesday, March 2, 2010
Monday, March 1, 2010
Is the Great Recession Over Yet?
Doesn't feel like it yet. Tax receipts not recovering yet...
We don't know if we've hit bottom yet in tax receipts
Housing is not showing a typical V recovery.....
Banks aren't loaning...
On the positive side...sort of....State Tax receipts are a lagging indicator. Won't improve typically until after the economy improves....sometimes up to 2 years later...
Housing isn't still dropping....but could....
On the negative side....banks not loaning could be a deflationary sign.....in other words....Depression....like.... The money supply is shrinking in spite of all the printing....
for more information...Mike Mish
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