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Robert Reich /
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2024-06-17 18:11:03

Robert Reich on Nostr: Prior to 1982, the SEC considered stock buybacks to be illegal stock manipulation. ...

Prior to 1982, the SEC considered stock buybacks to be illegal stock manipulation. But under President Reagan, stock buybacks were made legal. Now, instead of investing profits into people, big corporations use them to line the pockets of wealthy shareholders. They're a scam.
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