Reminder: Until the early 80's buying your own stock to push the price up was illegal, on the grounds that it is fucking CLEARLY stock manipulation.
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RE: https://flipboard.com/@wsj/business-b1985f4jz/-/a-FOB2rMneRryO8o8YXxGufA%3Aa%3A248213600-%2F0
Reminder: Until the early 80's buying your own stock to push the price up was illegal, on the grounds that it is fucking CLEARLY stock manipulation.
Of course econ wonks have various justifications but every single one of them amounts to trickle-down "The money goes back to rich folks so they can spend it on growth elsewhere" bullshit.
