Repossession Firms Seizing Fancy Boats, Private Planes

The economic downturn in the United States is taking its toll on the wealthy. U.S. repossession Companies are being called-in to seize an increasing number of luxury items such as yachts and private jets from people who have defaulted on their loans. As Steve Mort reports for VOA from Florida, one such company says its caseload has quadrupled over the last year.

Duration : 0:2:29

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