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Here's Who's Really Behind the $2 Trillion Stock Buyback Scam
Stock buybacks represent one of the most insidious bits of financial engineering in the markets - executives claim that they're returning money to shareholders when they're really lining their own pockets.
So far in the Q1 2016, companies have spent a combined $146 billion on repurchasing shares. In fact, more than $2 trillion has been spent on buybacks since the financial crisis.
Stock buybacks represent one of the most insidious bits of financial engineering in the markets - executives claim that they're returning money to shareholders when they're really lining their own pockets.
So far in the Q1 2016, companies have spent a combined $146 billion on repurchasing shares. In fact, more than $2 trillion has been spent on buybacks since the financial crisis.