This is Part I of a two-part episode; check back for Part II.

This episode features Barry Ritholtz, co-founder, Chairman, and Chief Investment Officer of Ritholtz Wealth Management.  He is also the creator and host of the Masters in Business podcast/show on Bloomberg Radio and author of the book Bailout Nation, which was published in 2009.

In the first of a two-part episode, Ritholtz dives into a discussion about bailouts, how current airline bailouts compare the bank bailouts in 2008-09, whether the government has made money on bailouts before and what restrictions should be placed on firms who take money from the government.

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(0:38) -  Colby Donovan and Steve Curley introduce the podcast

(3:55) – History of U.S. bailouts

(6:35 – Is this a black swan?

(8:42) – Discussion of his recent Bloomberg article

(12:30) – Did the government make money on bailouts before?

(17:00) - Thoughts on share repurchases

(20:18) – How he grades the government’s bailout response in 2020