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To: Locomotive Breath
Surely that friend (unlike a bail bondsman) wouldn' be charging the accused a 10% premium.

You have to take into account that bail money tied up is still money lost. You could be making a lot of money off of that $400K.

453 posted on 05/20/2006 9:13:36 AM PDT by NeonKnight (We don't believe you, you need more people.)
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To: NeonKnight

Many people take out home equity loans and just keep the line of credit for emergencies. Those loans typically cost about 7%. That's a big monthly payment on top of a first mortgage.


458 posted on 05/20/2006 9:19:48 AM PDT by ladyjane
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To: NeonKnight

True enough but loss of earnings on that $400,000 and getting all $400,000 back still beats the hell out of paying $40,000 to a bail bondsman and getting nothing back.

I think the bail is unjustly high. These guys are going to make their court dates even if bail were set at zero. I think at this point, given all the publicity, they could be released on their own recognizance.


461 posted on 05/20/2006 9:23:46 AM PDT by Locomotive Breath (In the shuffling madness)
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