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1 Comment
Book Review: David Einhorn's 'Fooling Some of the People All of the Time'
To help foster employment, BDCs were established by Congress to provide funding to smaller and newer businesses that aren't well connected to financiers who only support the corporate elite.
BDCs like ALD and ACAS support the employers of hundreds of thousands of workers.
Further, by being publicly-held, these BDCs offer the small investor an opportunity to participate in financial successes that are usually reserved for big-time-operators.
We know what the shorts gain. but what does the USA gain by destroying these BDCs?