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Donald Trump using bail bondsman rings alarm bells about his finances (www.newsweek.com)
submitted 3 years ago* by to c/politics@lemmy.world
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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.

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[–] 45 points 3 years ago (2 children)

I think the point is that he paid the 10% rather than front the $200k out of his own pocket. The 10% he doesn’t get back since he used a bail bondsman, but he would have gotten the full $200k back when he showed up in court had he used his own money.

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  • [–] 18 points 3 years ago

    So either he's gonna need that 200k in Russia and won't be getting it back because he won't be showing up in court, he doesn't care about a 20k deposit and doesn't mind losing it, or he doesn't have enough money to pay the 200k and needed a better deal. I'm betting on option 3 but option 1 is a possibility.

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  • [–] 3 points 3 years ago* (1 child)

    I'm wondering if his entire life just runs on lines of credit and he never really has any cash on hand. If that's the case, he's such a poor credit risk, he might be paying close to 10% interest on his credit anyway, so a bond that he only has to pay 10% on and might last more than a year may actually save him money if he would have had to draw on a line of credit for the $200K.

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