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I understand but you need to be able to borrow $250m. I can't borrow 250m. No one is going to allow me to borrow 250m unless I have some serious assets, which i
by cm2187 4y ago
I understand but you need to be able to borrow $250m. I can't borrow 250m. No one is going to allow me to borrow 250m unless I have some serious assets, which is not what the article suggests.
- HDThoreaun 4y agoThere’s an entire industry devoted to providing these loans and hunting the people who don’t show up at court and therefore cost the “bank” the loan.
- dragonwriter 4y ago> I understand but you need to be able to borrow $250m. No, you just have to have the court believe the combination of penalty, security, sureties, and non-financial conditions is sufficient to assure appearance. In some state systems, the court may be constrained to only accept full secured bond when there is a penalty amount (or, if not so constrained, may have a practice of generally doing so), but that is absolutely not a requirement or the normal practice in the federal system.