How do you pay back $8.1 million



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Thread: How do you pay back $8.1 million

  1. #1

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    How do you pay back $8.1 million

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    https://www.usatoday.com/story/news/...ty/2123246002/

    So the guy has agreed to pay back $100,000 immediately and the rest in monthly installments. Monthly interest at 2% is $13K. How much do border guards make?

    IIRC you can't clear a fine by declaring bankruptcy.

    Maybe this should be in trash talk.

  2. #2

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    Re: How do you pay back $8.1 million

    I thought the same thing. The moral hazard here (to make enough money he probably needs to let things through at the border) is huge. Even a 100K fine and public service message seemed steep enough to discourage others from being so stupid.

    As far as I saw, nobody got hurt it was just property damage. The penalty seems out of line with penalties for other offences.

    Also, they talk about how they appreciated him immediately calling emergency services and admitting blame. This discourages people from cooperating. How much worse would he have gotten if he didn't admit fault? A few years in jail an minimal fine? That seems preferable to me than an 8+ million dollar fine.
    Last edited by GreyGhost; 11-28-2018 at 10:27 AM.

  3. #3
    Baggsy's Avatar
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    Re: How do you pay back $8.1 million

    You don't, but you do serve as an example to others to not do stupid ****.
    Ignorance is curable, Apathy not so much, but I don't care, I'll try anyway.

    Everyone likes to think that they may be the smartest person in the room, but sometimes that only occurs when we're alone!

  4. #4
    TwistedKestrel's Avatar
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    Re: How do you pay back $8.1 million

    It seems likely that there was an undisclosed settlement and that he is making payments on a much lower amount. Otherwise the lawyers on both sides would be stupid
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  5. #5

    Re: How do you pay back $8.1 million

    Yeah, you don't.
    You live the rest of your life with a federal wage garnishee taking most of your paycheque, till you either emigrate (they'll never give you an exit visa) or join the grey economy.

    You can't fix stupid... but you should be able to take guns away from stupid, but the US federal gov gave this nimrod a gun. (Did you know nimrod used to be a compliment till Bug's Bunny called Elmer a nimrod and kids misinterpreted it as an insult).

  6. #6

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    Re: How do you pay back $8.1 million

    Quote Originally Posted by TwistedKestrel View Post
    It seems likely that there was an undisclosed settlement and that he is making payments on a much lower amount. Otherwise the lawyers on both sides would be stupid
    More likely he just agreed to repay the full amount to keep rest of the sentence as low as possible and will apply to the court to have the amount reduced a little later on, when it's not so fresh in everyone's mind.

  7. #7

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    Re: How do you pay back $8.1 million

    Quote Originally Posted by raginduck View Post
    More likely he just agreed to repay the full amount to keep rest of the sentence as low as possible and will apply to the court to have the amount reduced a little later on, when it's not so fresh in everyone's mind.
    Agreed. Short of winning a Powerball lottery he will never pay it off. It is more likely that a good attitude on his part brings him some leniency and he only gets a bit of his paycheck grabbed each month. If the amount grabbed stays static inflation will diminish the impact over the years.

  8. #8
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    Re: How do you pay back $8.1 million

    sigh.....Jesusland

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