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Cash bail means the accused pays the full bail amount and then gets it refunded after trial. A surety bond is basically a loan, through a bail bondsman. The ba

Cash bail means the accused pays the full bail amount and then gets it refunded after trial. A surety bond is basically a loan, through a bail bondsman. The bail bondsman has insurance in case you don't show up. A property bond is where the court gets a lien on your property. It sounds like this is what happened. https://money.howstuffworks.com/bail.htm https://money.howstuffworks.com/bail.htm

dragonwriter 4y ago
This is a mix of property (the parents home) and sureties (both parents for the full amount, and two other people for a lesser amount). Sureties don't have to be bail agents / bondsmen.
moralestapia 4y ago
If that's the case, I'm very curious now about how two Stanford professors have at least 250M of property under their name. Perhaps it has been acquired in the past 4 or so years? (Nothing against Stanford or professors, but academia pay peanuts and professors are usually very far from having a net worth of 9-10 figures, faaaaaaaar awaaaaaay)
- vostok 4y ago
  This isn't super relevant, but academia in the US pays very well. This is even more so the case for law, business, engineering, medicine, and a few other areas. Obviously not relevant in the context of $250 million.
- throwawaylinux 4y ago
  They're mixed up in political lobbying and fundraising, it's quite possible they are independently and legally if immorally wealthy.
- zamalek 4y ago
  Their son had this crypto exchange that was flinging money in every-which-direction.
- devmunchies 4y ago
  Another question, what if they are still paying a mortgage? Then they are “bailing on leverage”? Committing the bank’s home to the US govt.
- gnicholas 4y ago
  Law professors make much better money than most academics, with starting salaries more than double what humanities professors make. These are also senior professors who have been at Stanford for a long time, making good money and presumably investing along the way. SBF's dad is a famous tax law professor (he 'wrote the book' on federal income taxation that's used at law schools all over the country), so he understands finance/investing better than most academics. I would guess that their net worth was north of $10M just based on those earnings, subsequent investment, and their house (which is apparently worth $3M+). Of course, SBF has had some incredible arbitrage wins over the years, and he presumably offered his parents the opportunity to run a million or two through his money making machine. If they were more conservative with their gains that he was, they could easily have $20 or $50 million. I agree it's unlikely that they have 10 figures, though.
deleted 4y ago
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dragonwriter 4y ago

This is a mix of property (the parents home) and sureties (both parents for the full amount, and two other people for a lesser amount). Sureties don't have to be bail agents / bondsmen.

moralestapia 4y ago

If that's the case, I'm very curious now about how two Stanford professors have at least 250M of property under their name. Perhaps it has been acquired in the past 4 or so years? (Nothing against Stanford or professors, but academia pay peanuts and professors are usually very far from having a net worth of 9-10 figures, faaaaaaaar awaaaaaay)

vostok 4y ago
This isn't super relevant, but academia in the US pays very well. This is even more so the case for law, business, engineering, medicine, and a few other areas. Obviously not relevant in the context of $250 million.
throwawaylinux 4y ago
They're mixed up in political lobbying and fundraising, it's quite possible they are independently and legally if immorally wealthy.
zamalek 4y ago
Their son had this crypto exchange that was flinging money in every-which-direction.
devmunchies 4y ago
Another question, what if they are still paying a mortgage? Then they are “bailing on leverage”? Committing the bank’s home to the US govt.
gnicholas 4y ago
Law professors make much better money than most academics, with starting salaries more than double what humanities professors make. These are also senior professors who have been at Stanford for a long time, making good money and presumably investing along the way. SBF's dad is a famous tax law professor (he 'wrote the book' on federal income taxation that's used at law schools all over the country), so he understands finance/investing better than most academics. I would guess that their net worth was north of $10M just based on those earnings, subsequent investment, and their house (which is apparently worth $3M+). Of course, SBF has had some incredible arbitrage wins over the years, and he presumably offered his parents the opportunity to run a million or two through his money making machine. If they were more conservative with their gains that he was, they could easily have $20 or $50 million. I agree it's unlikely that they have 10 figures, though.

deleted 4y ago

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