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The wire bonding industry has made a major shift in wire materials from gold to copper, primarily due to cost concerns.
The commercial bail bonding industry, now legal only in the U.S. and the Philippines, followed shortly after, seizing the opportunity to make a tidy profit off those who could not otherwise afford their freedom.
Telfeyan said it's not his goal to put out of business the classic neon-advertising bail bonding industry, but conceded the business model would become obsolete if he convinces courts that the cash bail system is unconstitutional.
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He developed a "range of yield curve" model that revolutionized pricing in the municipal bond industry.
The bail-bond industry and commercial surety interests almost certainly will resist reform.
One area the slowdown has acutely affected is the bail bonds industry.
The Justice Policy Institute found that poor defendants pay $1.4 billion a year to the commercial bail bond industry.
But the bond industry rules may also show how limits can be circumvented.
Sustained by the financial and lobbying clout of the bail-bond industry, the system long seemed nearly impervious to reform.
It's no surprise that the bail bond industry would want to perpetuate a system that has proved so lucrative.
The bail bond industry asserts that alternatives to money bail can be just as burdensome on the poor.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com