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.
Cool. So why would a billionaire use a bail bondsman service?
Honest but unpopular answer? He might believe he can make more money holding on to the $180k. It’s the same reason why I would take a 2% car loan even if I had enough to buy the car outright. I can make more than 2% just keeping that money in a mutual fund.
$200,000 for him (if he is real billionaire) should be like $20 for us, then if he would make $20k (as other comment suggests) that’s like $2. And all of that to ruin his image of a billionaire who can’t afford $200,000?
That’s possibly what he’s thinking, but making back 20k on 180k (11%) before his trial ends seems like a bit of a tall order. Especially for someone who’s business accumen is a bit suspect. Not necessarily impossible, depending on how long the trial takes.
Of course he may just feel that keeping the capital fluid is a more prudent decision right now. Or he’s broke. No way to be sure ¯_(ツ)_/¯
Because he will use other people’s money rather than his own at every chance he can get.
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If he was going to skip town, why would he even show up to get processed? Also, skipping town for the trial would add more charges and they would arrest him the second he stepped back on US soil. It’s not like he travels under the radar… he has a plane with his name on it. His campaign for 2024 would be over if he doesn’t show up. It also implies guilt, that he is running and hiding from something.
This seems low risk for the bail bondsman. It’s too high profile.
He’s trying to become potus again as a Heil Mary
That is the real question.