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#22
06-30-2021, 01:04 PM
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Warren had promise in her aim to end stock buybacks.
How can a "publically" owned company buy itself back from the public? Couple this with the fact that it's essentially "free" money that they're borrowing from the financial industry at near-zero interest inflating the value of their stock. If a publically traded stock market is the search for the valuation of a company between buyers and sellers, who is the organization itself to add artificial value to that value-finding mission? This is what causes rampant speculation leading to stock market crashes that economically destroy individuals. It's a Ponzi scheme baked into the system and it inflates the value of the financial system itself as well See: FAS' performance since last year's "recession" | ||
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