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"Yes, you read that right. Bankman-Fried walked out of court a free man by signing a piece of paper where he promised to pay the court $250 million if he decide
by moralestapia 4y ago
"Yes, you read that right. Bankman-Fried walked out of court a free man by signing a piece of paper where he promised to pay the court $250 million if he decides to flee to another country with no extradition. This, of course, is totally absurd."
Whew! This ought to piss off a LOT of people who couldn't afford to pay bails in the range of 1,000s-10,000s of dollars.
250M on a written IOU with (almost) no collateral to back it up, that's insane.
- rootusrootus 4y agoI expect that's because people keep thinking it's some kind of loan. If you can let go of that misunderstanding, then the process does start to make more sense.
- scruple 4y agoIt doesn't make sense to people who are too poor to post 5-figure bails. Unless you assume that wealthy people play by a different set of rules. Then it makes perfect sense.
- rootusrootus 4y agoNobody ever said life was fair. You don't have to worry about bail if you don't commit crimes.