Aswath Damodaran

I've had three calls from people who've been arrested just in the last, it feels like the last year, but it's probably the last two years.

Wow.

They want you to bail them out?

Well, unfortunately, I learned this.

There's not a whole hell of a lot you can do.

What you do is you immediately try and

Call a lawyer, you go down to the station, and all you can do is provide sort of emotional reassurance and have a lawyer lined up.

It depends when it happens.

I know way too much about this, which probably speaks to my friend group.

But...

It's mostly stupid shit like DUIs and stuff, which isn't stupid, which is dangerous.

And Africa is a continent, not a country.

But there's not a hell of a lot you can do other than make sure you've lined up a really good lawyer.

But I think people aren't under the impression like I'm going to show up with a bag full of cash and just spring them or something.

It doesn't work that way.

Sometimes you can just show up with a bunch of cash and make bail.

Right.

But generally speaking, if you get arrested, what happens is your lawyer says, well, he or she is going to go through the system and it's going to be a few hours or a day.

What you don't want is to be in a smaller jurisdiction arrested on a Friday after like 5 p.m.

because that means you're not seeing the judge till Monday.