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.
Oh, it's true. And in the end it's the insurance companies that hold the club over them. When I first saw this I had a flashback to an HOA that found that out the hard way. Long story short, the Board wasn't doing required audits, because they were cheap, and their guiding principle for years had been "no rate increases." Eventually several people suspected embezzlement and sued them, audits were court ordered, more suits. And the audits turned up, not a crime but bad planning, because the reserves for repair had been so underfunded that looming infrastructure needs were more than the building's worth, so the bond company was stuck for their malfeasance and the building insurers said we're outta here without a huge rate increase. Disaster, couldn't legally proceed as a business.