Recession Hits Wealthy Too as More Private Planes are Being Repossessed

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This 1941 Stearman, worth about $400,000, was repossessed.

The recession isn’t just stripping the middle class of their prize possessions. The wealthy are losing out, too.In the past few weeks, Ken Cage, who specializes in repossessing private planes, says he’s recovered two jets worth a combined $7.1 million.

 

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