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.
I think the point is that he paid the 10% rather than front the $200k out of his own pocket. The 10% he doesn’t get back since he used a bail bondsman, but he would have gotten the full $200k back when he showed up in court had he used his own money.
So either he’s gonna need that 200k in Russia and won’t be getting it back because he won’t be showing up in court, he doesn’t care about a 20k deposit and doesn’t mind losing it, or he doesn’t have enough money to pay the 200k and needed a better deal. I’m betting on option 3 but option 1 is a possibility.
I’m wondering if his entire life just runs on lines of credit and he never really has any cash on hand. If that’s the case, he’s such a poor credit risk, he might be paying close to 10% interest on his credit anyway, so a bond that he only has to pay 10% on and might last more than a year may actually save him money if he would have had to draw on a line of credit for the $200K.