Keep Bailing

Lately, I’ve been asked many times, “Your business must thrive in this economy, right?” Or, “I bet bondsmen don’t worry about a bad economy; you must be thrilled.” We’ve even had people inquiring about a job because they think that bail bonds is a recession-proof industry.

I know most people have never had first hand experience with bail bonds. Apparently, the common school of thought is that crime goes up in an economic down-turn.

Last December, I took a call from Tony Castro at the Los Angeles Daily News. He asked several questions about the economy and bail bonds. Mr. Castro subsequently wrote an article about Van Nuys bail bondsmen “bailing out”. I spoke with Mr. Castro a fair amount of time and even though he quoted me on a couple of points, there were several issues I discussed that were left out. Since then, I keep feeling there’s so much more to be said. So, today I’ve written a follow-up article about bail, crime  and the economy. In this article, I’ve attempted to answer: Read more »