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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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But this isn't the same kind of thing. When the court sets bail, you give them that amount as like a deposit. When you show up to court, you get it back. Looks of people don't have the cash though, so they go to a ball bondsman, give them 10% of the total amount, and the bondsman pays the court the whole amount. When you show up to court, the bondsman gets that amount back, and they keep your 10%.
So yes, it's a loan, but it's a really shitty loan. I can't see how he wouldn't be better off just paying the full amount himself unless he thinks he can successfully skip town.
Completely agree with you, however if trump thought he would get more than 20k in returns on the 180k in principle he saved, this also is a good financial play.
That said, 200k is petty cash for a billionaire. Or should be, if one was.
I suppose a big factor is how long until trial. If it's less than a year, it seems unlikely he'd get that, but if he manages to stretch it out to multiple years, he'd get that easily.
It's .02%, or .0002 of a billion. That's a whoops it slipped out of my pocket while I was changing my diaper kind of petty cash.
Funny, I just said basically the same thing to someone else. Yeah, if he pushes it out a couple years, he'd really make more investing it.