this post was submitted on 25 Aug 2023
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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.

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[–] Tikiporch@lemmy.world 16 points 1 year ago (3 children)

Cool. So why would a billionaire use a bail bondsman service?

[–] raptir@lemm.ee 16 points 1 year ago (2 children)

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.

[–] takeda@kbin.social 3 points 1 year ago* (last edited 1 year ago)

$200,000 for him (if he is real billionaire) should be like $20 for us, he would have to have really some killer investment strategy to make more than $20k during that time (which would be worth about $2) and all of that to ruin his image of a billionaire who can't afford $200,000?

[–] doggle@lemmy.dbzer0.com 2 points 1 year ago

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)_/¯

[–] TheDude@lemmy.ml 11 points 1 year ago (1 children)

Because he will use other people's money rather than his own at every chance he can get.

[–] KairuByte@lemmy.dbzer0.com 1 points 1 year ago

That is the real question.