FAST FIVE: Barry Ritholtz, Author Of "Bailout Nation", Gets A Bailout
Count Ritholtz Wealth Management among the $1bn-plus RIAs which have taken out government-backed coronavirus relief loans.
I'm never comfortable taking on debt, but I'm even less comfortable about the idea of having to let people go.
Heaven forbid that an RIA would have to lose money over anything at all or layoff any employees.
Fortunately, Ritzholz Wealth can use that money and under small business loan rules does not even have to pay it back. Tears to My Eyes I nearly cried when I read this part.
They do God's Work. Bailout Nation – The Book I happen to have a copy of the book Bailout Nation at hand.