Multinational corporations are on pace to repurchase over $1.1 Trillion in stock buybacks by year’s end. This will be the biggest buyback in the stock market’s history. Reagan made stock buybacks legal in 1982 & income inequality has grown to gilded age proportions since. 1/2

Oct 26, 2022 · 3:36 PM UTC

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We should reinstitute the Securities Exchange Act of 1934 & make stock buybacks illegal. 2/2 finance.yahoo.com/news/7-rea…

7 Reasons Stock Buybacks Should Be Illegal

Editor's note: This story was previously published in February 2019 It has since been updated and republished.Did you know that stock buybacks were illegal until 1982? It's true.Source: Shutterstock...

finance.yahoo.com
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Replying to @marwilliamson
Problem is they are borrowing to buyback...injecting risk volatility into mkt
Replying to @marwilliamson
Finally, something we agree on. I liked a lot of Reagan’s moves but a couple were ill advised, to put it nicely.
Replying to @marwilliamson
Why aren’t Democrats trying to reinstitute the securities exchange act of 1934? Why aren’t they trying to reverse citizens united?
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Replying to @marwilliamson
Yup, the stock market losses that we all experience end up going somewhere