An interesting idea - Bonds for the Win

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Very clever approach - Public Officials have to file a surety bond to guarantee that they properly execute their oath of office.

Check out Bonds for the Win:

What is a Surety Bond?
Surety bonds provide financial guarantees that bondholders such as public officials, companies, contractors, or unions will uphold their contracts according to mutual terms.

Surety bonds protect WE THE PEOPLE from fraud and malpractice. When a bondholder breaks a bond’s terms, the harmed party can make a claim on the bond to recover losses.

A bit more:

Public Official Bonds
A public official is a person who holds a position of official authority that is conferred by a State, City, County or other municipality. They often hold a legislative, administrative or judicial position of sorts and is either elected or appointed. Relative to surety bonds, notaries public are the most common public official. A public official bond which provides indemnity for failure of a public official to faithfully perform their duties while properly managing funds they might oversee for the term of their designation.

The process:

The first step in the process is to write a letter of intent. In this letter state only the facts and what rules or laws have been broken. Give them your conditions. Be strong and be firm. Give them 48-72 hours to meet your conditions.

If they do not respond in this time period, it is time to take the second step. You will file a claim against their bond. Once you file your claim the Surety Bond Company will notify the bond holder. The bond holder knows he is responsible for paying all of these claims.

A large number of claims filed at the same time against one bond are dangerous for the bondholder. The Bond Company will cancel his bond. Once this happens, it will be difficult for him to find another bond company that will issue him a Surety Bond.

I signed up for my local group as well as their general mailing list - see what happens...

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This page contains a single entry by DaveH published on February 27, 2022 4:28 PM.

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