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Donald Trump using bail bondsman rings alarm bells about his finances
(www.newsweek.com)
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this post was submitted on 25 Aug 2023
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Mind expand a bit on that, please, then?
Bail is essentially the court saying “give us this money, and when you show up for court you will get that money back.”
A bail bondsmen takes 10% as payment, giving the court the bail money. They will go so far as to hire bounty hunters to hunt you down, making sure you show up to court. When the court gives back the bail, they get to keep both the bail money (obviously) but also the 10% payment.
There’s no loan involved, the bail is more of a hold, and the bond is more of a payment. Trump isn’t paying less, he is literally paying a 10% bond to not have the full bail held. (Though it could be argued that the $180k could be used to make back the $20k but that’s a different discussion.) The bondsman has already received payment, there’s no concern of non payment by Trump.
Cool. So why would a billionaire use a bail bondsman service?
Because he will use other people's money rather than his own at every chance he can get.
He's trying to become potus again as a Heil Mary
If he feels that he really goes to jail I don't think he will care about 2024 anymore. And he doesn't have to leave in his own plane. He still has people who are willing to help him.
In any case I'm sure the bondsman is also his fan and probably wouldn't even mind losing the money.
I think we are greatly underestimating him. The fact that he still isn't in jail shows that he isn't that dumb (I don't believe in luck). In fact playing dumb is what helped him get out of many difficult situations.
Maybe he is still useful to some people, so they don't let him land on his face... Yet.