Car theft update: Keep an eye on your catalytic converter

Here's a new car theft problem that sounds like an urban myth, but it's not: Thieves are targeting cars' catalytic converter anti-pollution devices in order to make a quick buck from the precious metals inside. Apparently, the devices can be removed quickly from a vehicle and often contain several hundred dollars' worth of platinum or palladium. The even worse news is that repairing the damage can cost up to $1,000. Here's what one victim said about the ease of stealing the converters by sliding beneath a car with a metal saw: "I could teach my 6-year-old how to do it in probably 15 minutes. It's like stealing from somebody while their windows are down."