WAIT A MINUTE. OUR LEADERS ARE BONDED? HOLY COW. GET IN HERE!
🧐 Research Wanted 🤔
I just watched a video that claims that all of our elected leaders are personally bonded.
If this is true, we now have the leverage to end this for good.
Here’s the link to the site:
Dig, U.S. frens, DIG! If this is legit, it is the true MOAB because it makes these leaders personally liable for the damage they’ve done… including financially.
EDIT: Just going to start dumping info. Please feel free to contribute.
Its actually something I'm looking into myself....as to how it is done by an individual to draw against social security, rather than my 'strawman account'.
My brother once bonded himself for (car) insurance purposes rather than pay a company. It's possible, I'm just not the legal expert to advise, sorry. Don't let that stop you from the task. I too will see what can be done in the future. Thanks for the reply.
Understood. Thank you for the extra context.
Makes sense, I can't see Warren buffet,paying allstate a hundred a month for 25,000 worth of liability.
He can self insure.
Warren Buffet has owned progressive insurance for a very long time.
Some states let you post collateral or other proof of financial solvency in lieu of insurance. A bond would essentially turn the insurance company into your personal line of credit, but you would have to pay them back. The insurance company guarantees you will make somebody whole for their loss, but you keep the risk.
A traditional insurance policy differs in that the insurance company assumes your liability in exchange for money. If the policy pays out they can’t come after you for the losses.
Each state has their own surety bond companies that you can do a quick search and get more info if you're looking to get bonded. As for school boards, not every state requires a surety bond. Of course our state SC doesn't and now we are looking into what type of insurance these boards have to hold them accountable so we can kick the to the curb!
There may well be Directors and Officers liability coverage.
I have to assume there is something like that.. We got our local mom's for liberty getting to the bottom of it.