Wednesday, January 30, 2019

Expect More of This, Bail Agents


Here is a link to a story talking about a big antitrust lawsuit against bail bond companies in California.

I guess I don't have to tell you that having something like this hanging over your head doesn't really bode well for any sort of referendum vote.

Note that one of the most damaging statements in the story came straight from the mouth of a bail insurance guy. We actually used other statements from that very same bail insurance company to fight a group called ALEC, which had to come out from under the shadows due to pressure. For whatever reason, ABC and its members sure do like to make damaging statements on the record.

Lots of stuff the bail insurance companies have done over the decades probably seemed like good things at the time, but it's all coming back on them now. Staying away from public safety, arguing there's no presumption of innocence, setting up barriers to keep from paying forfeited amounts, avoiding any decent self-regulation, fighting any attempt at reform, claiming that their subjective notions of risk trump anything remotely objective, and, now apparently, promoting price fixing.

You're only going to see more of this sort of thing. It's baked in.