Donald Trump reportedly used a bail bondsman after being arrested at Fulton County Jail in Atlanta, Georgia, on Thursday, paying $20,000 of his bond set at $200,000 and taking out a loan for the rest of it. The fact that the former president resorted to such a measure has sparked questions on social media about the state of his finances.
The bail bondsman who gave him that loan is the biggest sucker in the whole MAGA kingdom. That $180,000 will never be seen again.
Edit: Nevermind, I didn’t understand how bail works.
That’s not how bail bonds works. It’s not a loan. You pay the bondsman 10%. Then the bondsman guarantees that the defendant will show up to his court dates. If the defendant fails to show up the bondsman has to pay the court the entire amount. Bondsman often use bounty hunters to pick up defendants who haven’t shown up.
A bail bondsman has more legal options for going after someone than any other type of loan officer, including the use of bounty hunters.