Tag: corporations

Corporate Stock Buybacks Using Borrowed Fiat USD: Parasitize The Economy Distorting Charts Into Bubbles

The monster of economic waste – over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations – started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald Reagan. That was when SEC Chairman John Shad, a former Wall Street CEO, redefined…