Counterparties

By Felix Salmon
January 4, 2011
NYT

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Long Beach wants to be bike-friendly. Yet its cops still hand out $400 fines for having an unregistered bicycle — LAT

What a rising stock market does: the govt might conceivably end up making a profit on its GMAC bailout — NYT

Now that Twitter has replaced RSS, the next step is for RSS to replace Twitter — Scripting

Hitchens, it turns out, sometimes drinks non-alcoholic beverages — Slate

It was COLD out! Thank you, Olek, for knitting such a beautiful coat for the Wall Street bull — Vimeo

4 comments

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A bail bond agent, or bondsman, is any person or corporation that will act as a surety and pledge money or property as bail for the appearance of persons accused in court. Although banks, insurance companies and other similar institutions are usually the sureties on other types of contracts (for example, to bond a contractor who is under a contractual obligation to pay for the completion of a construction project) such entities are reluctant to put their depositors’ or policyholders’ funds at the kind of risk involved in posting a bail bond. Bail bond agents, on the other hand, are usually in the business to cater to criminal defendants, often securing their customers’ release in just a few hours. Bail bond agents are almost exclusively found in the United States and its former commonwealth, The Philippines. In most other countries bail is usually much less and the practice of bounty hunting is illegal.

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