Archive for July 24th, 2008
The myth behind BDC’s 4.7% return on equity
24 July 2008BDC Fact #13
BDC executives brief their political masters that the reason they can’t possibly achieve the Return on Equity (ROE) levels of the private sector is simple. BDC doesn’t have the same leverage as similar sized banks. I promised we’d look into that the other day, and I like keeping my promises (see [...]