The Market Ticker - Buybacks And Lies
The lie factory in the media continues with regard to the economy and markets — and it’s you who take it up the chute.
Lawmakers on both sides of the aisle have recently criticized stock buybacks, including Sen. Chuck Schumer, D-N.Y., and Sen. Bernie Sanders, I-Vt., in a New York Times op-ed and Sen. Marco Rubio, R-Fla., in a tweet storm about his plans to release legislation on the subject. As the Tampa Bay Times notes, this is something “you might expect from Bernie Sanders or Elizabeth Warren, but not necessarily the Florida Republican.”
These objections to stock buybacks are, in a word, misguided. Critics’ complaints rest on the premise that they maximize…….
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Source: https://www.market-ticker.org/akcs-www?post=235193
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