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25 points

Does anyone know why he used a bail bond company? Seems weird. Does he really not have the $200,000?

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16 points

@MadMenace @Egg_In_Question He might not be liquid. Or he might just be broke. Or he’s just a cheap bastard. Any or all of the above.

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29 points

The first thing you learn when you start gaining money is that it’s always best to tie up someone else’s money. Most people learn this first with credit cards.

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21 points
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4 points
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What? What are you talking about? That’s not how bail works. He doesn’t need 200k.

The amount of your bail is the amount you owe if you don’t appear in court, not the amount of the deposit, i.e. the amount of cash you need on hand. That’s 10% of the total. If you have a 200k bail amount, you need 20 grand on hand, not 200 grand.

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7 points

Doesn’t this make her point even more? Had to use a bondsman for 20k but he’s super rich? Yiiikes

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1 point

Maybe he can get more than a 10% return on the 200k over the time the bond money is to be locked?

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14 points

Hmm, that’s not how they work in my state. You either pay 100% of the bail yourself, or you pay 10% to a bondsman and they cover the other 90%.

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