Repo Men

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Repo Men

One man's misery is another man's fortune, if that man happens to be in the business of repossession. With the rampant waves of layoffs and rising debts, repo firms are reporting record business. That's especially true in states hardest hit by the housing crisis, such as Florida and California. In November, Scott Friga, the owner of Gulf Coast Recovery in Cape Coral, Fla., told The Economist that his business reposessing cars, boats, and motorcycles was up about 80% from the previous year