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.
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.