Donald Trump using bail bondsman rings alarm bells about his finances

Could it not just be because he hates spending his own money so he takes out loans he doesn't intend to repay because he figured he can get out of it?

Why pay $200k when you can pay $20k and then refuse to repay the other $180k?

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.

Is he poor? Maybe. The question is why is he poor? He just sold Mar-a-lago to a company owned by Don Jr., alledgedly for something over $400 million.

He might be poor because he's hiding all his assets on offshore banks. If so, then the question becomes: why is he doing that?

What a stupid fucking bondsman to take that risk. Let's see you bounty him.

Wait..

I want to see Dogg the bounty hunter cap doofus McGee.

He’s obviously not poor enough to not be able to come up with 20 grand. But if your backup plan is to flee the country, why put up any of your own money? He’s going to try to be in Moscow or some other country that won’t extradite him if it starts looking bad. He might not actually pull it off but he’s dumb enough to think he can.

Trump is just using the first rule of being rich...use other people's money.

The orange shitstain clearly has been leveraging debt for decades.

But this is not at all a surprise. Why would he pay? Get a loan and then count on the secret service to prevent him from ever having to pay

...or he'll just skip out on the bondsman like most of his other creditors.

Do we even know for sure any money changed hands? Maybe the bail bonds person is a cult 45 member and sees it as service to the dear leader? Admittedly, my bail bonds knowledge is limited to late night cheesy commercials and an episode and a half of dog the bounty hunter, but I got the impression they're something of a shady character; someone who'd be at home in the cult. No?

He's rich. First rule of being rich is never pay when you can borrow.

ITT: So, so many people not understanding bail, or bail bondsmen.

Wow can’t believe Newsweek didn’t even do their due diligence. A bail bond is not a loan. You pay a bondsman 10% and then the bail bondsman guarantees the court that you will show up on the court date. If you fail to show up the bondsman has to pay the court the full amount.

he doesn't intend to pay any of it back.

I see a lot of people trying to write this off like it’s some sort of business strategy and he is just playing with debt like always.

This isn’t a business. This is a criminal proceeding and there are very different rules about bail bonds vs other loans.

I’m not saying to believe he is broke but I think there is more going on here than what others are trying to write off by saying “this is par for the course”.

Personally? I think he had all his resources tied up and isn’t very liquid right now. So he may have the money but if it’s tied up in a property you can’t just reclaim that instantly. It’s the same problem Guliani is having right now. It’s not easy or fast to sell a 6 million dollar house 😅

Even if it blew up in their face, I could see a non-sycophant reason for supplying Trump a bond, potentially with sweetheart terms: it would be the ultimate marketing coup within the industry. "We bailed out the highest profile defendant in American history, sure we can help you with your sixth DUI of the week!"

Lock Him Up

He’s never going to stop committing crimes

Any bondsman stupid enough to lend this clown money deserves to lose it when Trump inevitablely refuses to pay it back.

I read he's paying about 2 million a month for legal fees. He only just stopped campaigning recently, too. I wouldn't say he's broke so soon.

Edit: Right his PAC is paying for them sorry

That’s how he got so rich, spending the bare minimum amount of money he can on anything in any situation.

Bail bondsmen are notoriously corrupt, so this tracks

If he skips town and leaves the country, it's not his money that's gone. He's already the sort who will live with paranoid levels of security so some bail bondsman bounty hunter trying to bring him in is hardly a concern.

Try to overthrow democracy in the US? Just $200k bail.

This is nothing new for Trump, why pay the bill when someone else will pony up for him? He has a long history of not paying bills and using legal loopholes to get out of settling private debts. You can't do that with the state, but you can do that with a commercial business. While he's clearly not worth the amount he claims he is, there is no doubt in my mind that the amount he's still siphoning off of his base will cover all his legal expenses.

As much as conservative voters and talking heads say they hate Socialism, they sure do love being the social safety net of the rich.

His private jet (a Boeing 757) that flew him from Palm Beach to Atlanta for his booking....costs $15k to $18k per hour to operate, and it's a 2-hour flight each way (not counting warmup, taxi, and idle time waiting to takeoff). He basically dropped $60k+ for that flight. It doesn't make sense that he'd need the services of a bail bondsman when he's dropping $60k for plane rides, or maybe his campaign funds are paying to operate that jet - I wouldn't be surprised.

I bet this is money laundering/bribery kind of scheme. Some actual billionaire likely told the bondsman they would cover the bond regardless, they tell trump it's covered, trump does whatever the fuck he wants, and the billionaire buys the favor.

I'm telling you, look into the bondsman - that POS probably just got his boat or mortgage unexpectedly paid off.

He sold Mar-a-Lago. apparently he's scraping together his money to leave the country.

This is the best summary I could come up with:

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.

Trump voluntarily turned himself in at the Georgia jail where he was booked on 13 felony counts linked to his alleged efforts to overturn his loss in the 2020 election in the state.

Trump and 18 co-defendants, including his personal lawyer Rudy Giuliani and former White House chief of staff Mark Meadows, are accused of conspiring together in the same election plot, according to the indictment released earlier this month.

"It's also unusual for a billionaire to post a bond in cash as he did in the E. Jean Carroll's case instead of getting a commercial insurance company to do it for him, and he couldn't do it there," Rubin said.

Earlier this month, the Associated Press reported that Trump's campaign finances were strained as the former president was dedicating tens of millions of dollars towards his legal defense.

On his campaign website, Trump asks his supporters for a "contribution to evict Crooked Joe Biden from the White House and SAVE AMERICA."

The original article contains 661 words, the summary contains 199 words. Saved 70%. I'm a bot and I'm open source!

Trump never took a loan he intended to pay back. Why start now?

You need to have a loan if you're not going to pay it back.