California’s newly signed law abolishing money bail makes the livelihoods of thousands of bail bondsmen obsolete — and in Sacramento, which is dotted with colorful figures from the industry, many are frustrated by the move.There are 3,200 licensed bail bondsmen in the state, and the industry accounts for at least 7,000 jobs, according to Maggie Kreins, vice president of the California Bail Agents Association. .“Bail bondsmen are insurance agents,” said Topo Padilla, president of the Golden State Bail Association and Sacramento bail bondsman. “We issue an insurance policy to the court guaranteeing a person’s appearance in court. If a person fails to appear in court, the bail industry goes out and returns people to the court. If we fail to return the person to court in time, we pay the full amount of the bond.”The new law, SB 10, replaces the money bail system with a “risk assessment” of an individual’s likelihood of returning for court hearings and their chances of getting arrested aga…