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Re: Scavenger Debt Collectors pt 2


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Posted by Keyser Soze (205.188.208.41) on July 06, 2003 at 12:33:14:

In Reply to: Scavenger Debt Collectors pt 2 posted by A Tutorial on July 06, 2003 at 02:23:20:

And to think, this unworthy scribe sometimes feels a bit sheepish about calling the collection agencies the names that I do, as descriptive of their avaricious criminal thug behavior typical of deviant chickenhawk masterminds and those of limited intellect and excess testosterone who perform their goonwork.
Wonderful reading, as well enjoyed insight from Observer and WhyChat. To dwell a bit more on those aspects raised by these sage commentators, a couple of questions by way of observation.
The collection 'industry' made for rather dull news copy prior to the nineteen-nineties. Yes, they went after credit card debt, as well as department store charges and homeowners who stiffed contractors.
According to newsreports and the louse organ of the 'industry' , "Credit & Collections", - mandatory if chilling reading by the by - the 'industry has enjoyed quantum leaps in the last ten years or less. As Detective Jeff Rabin so well expressed in the Usual Suspects, 'you gotta step back, look at the big picture'.
WhyChat has raised a positively scintillating point re ownership and foreign entity linkages. When many of us first heard the phrase 'predatory capitalism' circa 1993, we assumed this described the behavior of a certain razorback mass retailer who would dump its warehouse store in smalltown, USA and proceed to anhiliate the competition through price undercutting.
The last several years have shown that understanding to be myopic, that indeed 'predatory capitalism' has many constantly evolving facets. The collections 'industry' surely is one of them.
As Observer and WhyChat pointed out, there is tremendous amount of money vacuumed up by these deviant criminal parasites and with very little accountability, by the by. How much of this loot heads for foreing shores, to finance new and exciting ventures in leisure time pharmaceuticals and perhaps as well the radical new urban renewal process known as landmark skyscraper aerial demolition?
Yes, surely this sounds cynical, conspiratorial, perhaps a bit too dark. Something to bear in mind, experience can demonstrate that whenever one arrives at conclusions which cause one to feel perhaps that they have been too cynical, judgemental, mean-spirited in their reasoning, sometimes they need not to retreat from those judgements but to press forward to the next levels as they are absolutely on the mark.
Your gut hunches are just your unconscious mind trying to warn you of danger, no matter how remote and unlikely it may seem to our conscious reasoning.
Yes, a collection agency makes a nice cash vacuum for a variety of new and exciting ventures, money laundering perhaps as well as the others mentioned.
Also, it's just wonderful as mentioned previously to have a legitimate company which can flaunt all the privacy and other protections afforded ordinary citizens, the best part being they can invade one's privacy and send the purloined personal data to an infinite variety of other predators.
Fascinating. By way of Canadian ownwership, it's been rather well accepted in the LE community among other realms that a great majority of Russian mobsters gain entry to this country via our neighbor to the north.
Have a personal story of a group who invaded a wonderful business, mined all sorts of useful and privileged data, took it over. In typical fashion of their former government's practices, next the business was looted and left to rot.
Sound familiar? Oh my, how cynical of me. For shame.

Typically,

Keyser Soze


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