'I Got Good at Stealing Cars'

I retired in 1973 in Miami after five years as a first sergeant, with duty in Vietnam. There was a recession and I couldn't find a regular job, so I started stealing cars as a bank REPO man.

After 18 months, I got so good at stealing cars, boats and even airplanes they made me a bank vice president!

I spent the next 23 years as VP of mortgage collections, foreclosures and REO sales. I used my first sergeant mission experience of health, morale,welfare and discipline of the troops to stop foreclosures.

I worked for eight banks during my banking career, applying my USAF mission goals. I discovered most bank VPs were in the board room trying to get the office by the window. I did what I did as first sergeant, I stayed with the troops on the floor and responded to advice from the clerks to achieve the mission of stopping forelosures and making money for the bank.

I ended up owning 51 percent stock in the last bank I worked that I bought for 8 cents a share. I big bank bought us out with a 1-for-1 stock trade with their stock worth $27.50 a share. Now, I take on a bank foreclosure consulting job now and then.

(Submitted by James Ringo)

Comments

[J. J. Rice]

Nicely stated and nicely done, sir.

J.J.
former UMSC

[J. J. Rice]

Nicely stated and nicely done, sir.

J.J.
former UMSC

[J. J. Rice]

Nicely stated and nicely done, sir.

J.J.
former UMSC

[soldier fun]

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[kanekoa]

Wow, that is something to be proud of, taking advantage of people who may have fallen on hard times. I have had a vehicle repoed due to a family illness, the bank would not work with me to refinance. I talked to a dealer, he said the veh was in such good shape they knew it could be sold at almost what I bought it for.
I can't understand why money is so much more important than poeple.
Remember you were having a difficult time finding a job, what if that was your car or whatever being taken.
I feel sorry for those who think this is an honorable way to make a living.