http://www.investmentwatchblog.com/stock-buybacks-have-only-been-legal-since-1982-look-beyond-the-messenger-and-realize-theres-maybe-some-good-reasons-to-restrict-buybacks/
Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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