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Originally Posted by farmer_giles_of_ham
It is manifestly self-evident that there is a bond for prisoners- the authority receives 'so-much per diem', for every prisoner.
(however this may be different than what the thread is addressing, and more like what D. Merrill refers to above)
Surely as soon as a live human is deposited in the jail, another kind of asset is deposited in the bank, in anticipation of the income.
There is insurance to cover what-not, as well.
Every prisoner in one city jail I understand was worth at least 150 per day from the feds, or a combination of sources. A one year stay for example would have a current value of 'x', which could be deposited at interest, and used to draw down the current account, like in any other business. (or spent very quickly!)
These local governments are always looking for new assets to shore up the balance sheet. This particular one was perpetually strapped for cash so they instituted a 'jail-to-the-bursting-point' policy, and simply eliminated all probable cause hearings for alleged probation violations, as well as preliminary process, and bail or release for same.
And if there were any new charges outstanding, or even shall we say "suggested", then the required hearing after 30 days would be postponed indefinitely.
One could spend up to 3 years in county jail this way, and make a nice buck for the MAN, INC. Typical stay was about a year.
Unless you pay the right lawyer a very modest fee.
(paying the wrong lawyer a huge fee wont help any)
They literally had prisoners sleeping in closets, anywhere they could be "stashed".
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I have heard that a jailer may budget $40/day/prisoner but like any commodities market there are many owners for that contract. A day trader friend of mine said there may be 12,000 owners of any particular ounce of gold contracted at a time.
By floating securities on the prisoner and a steady situation - that he is known to have that job as prisoner for a certain duration (sentence), there may be some $40,000/day/prisoner being generated in the market in securities.
The point of the thread as far as I am concerned is bringing that conjecture from speculation into reality with a few clicks of a mouse - to see registry of a prisoner and his demise from civil society capitalized upon. To see some kind of proof.
I hope Mark makes an appearance and will provide some interesting links.
Regards,
David Merrill.