On: Stock buybacks are stock swindles

[jmclnx]

I remember many decades ago while in a Business Class, we were talking about equity and the Stock market.

I asked "Why can't the company buy back stock to increase equity/price ?".

The professor said that that is a very bad thing to do and is probably illegal. I believe I heard later on some change occurred during Reagan's administration that allowed this.

So here we are, grifts are allowed and many businesses seem to be into scams.

We need the old restrictions back :)