Originally Posted by
Mesabah
They used to be illegal, as the .gov classified them as fraud. So they bought shares back at the all time high, and now they plan a possible re-issue, but at a significant discount. That is absolutely fraud.
I'm all in favor of lower corporate taxes, but there needs to be a crushing tax on this nonsense. Maybe even CBA language that says for every dollar of burnbacks we get 10. This absolutely has to stop and if it doesn't the blowback they will get during the next political cycle will blow away anything they ever thought they'd ever gain from doing that in the first place.