California’s newly signed law abolishing money bail makes the livelihoods of thousands of bail bondsmen obsolete – and in Sacramento, which is dotted with colorful figures from the industry, many are frustrated by the move.I wonder how this will turn out.
There are 3,200 licensed bail bondsmen in the state and the industry accounts for at least 7,000 jobs, according to Maggie Kreins, vice president of the California Bail Agents Association. .
“Bail bondsmen are insurance agents,” said Topo Padilla, president of the Golden State Bail Association and Sacramento bail bondsman. “We issue an insurance policy to the court guaranteeing a person’s appearance in court. If a person fails to appear in court, the bail industry goes out and returns people to the court. If we fail to return the person to court in time, we pay the full amount of the bond"...
“With a stroke of a pen, this bill eliminates the bail bond business,” Topo Padilla said.
SB 10 replaces bondsmen with county-funded teams that are responsible for finding people who don’t show up on their court date.
Wednesday, August 29, 2018
New California Law Puts Thousands Out Of Business
Liberal fantasies gone wild, as it wasn't the 3 Republicans in the state legislature who made this happen: