Back in the day (before it went bankrupt) Blockbuster collected lots of money in late fees from customers who would likely be categorized as not paying attention. Now it turns out that the DoD pays a lot of late fees, about $720 million, according to McE-Paper. That amount would almost be enough for Blockbuster to avoid bankruptcy to begin with.
No, the late fees were not for video or DVD rentals, but for failing to return shipping containers as required.
I’m old enough to remember when $720 million was a lot of money to the government.
I suppose the solution should be to
do things right to begin with hire more shipping container late-fee avoidance monitors. The good news is the issue has lessened since 2004.