Retired educator, who loves those kids; artist, lover of peace, justice: SILENCE IS COMPLICITY
Joined January 2012
- Tweets53.1K
- Following554
- Followers1.6K
- Likes46K
THIS: some of us have been trying to explain this to people for the last 45+ yrs. Stock buybacks were illegal. Effing Reagan made them legal.
Stock buybacks (open-market share repurchases) were largely avoided or practically restricted because they risked violating federal anti-manipulation statutes.
•The Pre-1982 Landscape: Following the Great Depression and the passage of the Securities Exchange Act of 1934 (which prohibited artificial price manipulation), companies rarely performed open-market buybacks. The Securities and Exchange Commission (SEC) viewed large-scale corporate repurchases with high skepticism because they could be used to artificially inflate stock prices. Instead of an outright statutory ban, there was an atmosphere of severe regulatory risk and ambiguity.
•
•The 1982 Turning Point (SEC Rule 10b-18): In 1982, under the Reagan administration, the SEC adopted Rule 10b-18, which established a "safe harbor" for companies. As noted on Congress.gov, the rule set specific conditions regarding the manner, timing, price, and volume of repurchases. Meeting these guidelines assured companies the SEC would not treat the buyback as illegal market manipulation.
•
•Current Debate & Legislation: Critics—including lawmakers who have introduced measures like the Reward Work Act—argue that the 1982 rule opened the door to using corporate cash to inflate short-term stock prices and executive bonuses rather than investing in workers or R&D. Conversely, defenders maintain that buybacks are a flexible way to return excess capital to shareholders, much like dividends
14
Dear @HouseDemocrats @SenateDems We, the PEOPLE, want, need DEMAND you hear us. Walk and chew gum; legislate and prosecute. Both matter. @RepJeffries @SenSchumer LEAD or get out of the way.🤬🤬🤬🤬🤬🤬🤬
15
Ya know, way back in 1991, I was a living, breathing adult woman. Clarence Thomas was appointed by HW Bush to fill the seat the very first black justice, Thurgood Marshall, was vacating. Clearing replacing him with another black justices was preferable. White liberals were
1
30
💯💯💯💯💯💯💯 It is quite disconcerting to realize people we know only started to awaken because of $$$ and high prices; the fact that they were OK with ICE, Epstein Files, war crimes is 🤮🤮🤮🤮🤮🤮🤬🤬🤬🤬
This quoted post is unavailable.
11
I will NEVER understand Ken Corday dissing of BOPE fans? Is he angry at PR and KA? after all they did for the show? What the f*** @DaysPeacock You have turned many of us away from this sh*tshow. SICK of the villains.
THE GOAT couple! Days needs their powerhouse. But the best ever deserve good writing. Because Kristian & Peter always bring it. Not this shit now #kencorday is an idiot who listens to the wrong crones. 👀 #bope #boandhope #kristianalfonso #peterreckell #43yearsofbope #Days
THIS 💯💯💯💯💯💯 Ken Corday is NOT listening; @DaysPeacock is not listening. @Sony is not listening. Bradys (Bo/Hope, their kids, Kay (Johnsons) Andrew Donavan, should be driving stories along with Jennifer's kids. Why does Corday hate Bope fans?
Are all you @Morning_Joe peeps, @MollyJongFast @JonLemire so beholding to, afraid of Scarborough you refuse to challenge him on "Universal Healthcare" for all. Why do you sit like quiet school kids afraid of the teacher. He's wrong. PEOPLE do want Universal Health care. Polls
1
12
Someone please tell @Morning_Joe Scarborough; this is not the 1980s; voters (even in the south, in TX, in KS) do not worship the libertarian, "greed is good" dogwhistle racist Reagan as you do. People are open to some version of "Medicare for All" because they no longer trust
THIS 💯💯💯💯💯 @HouseDemocrats @SenateDems If you (a rep or senator refuse, BE GONE).
18
@SenateDems WE, the People, are not stupid; nor are we fools. The people of MI chose El-Sayed; Haley Stevens "supported the effing GOP" after she lost...and Schumer has not said one positive about the people's choice. WE ARE ANGRY. HEAR OUR VOICES.
Let’s be clear. Chuck Schumer gave Haley Stevens $10m because of her devout love for Israel. He gave Angie Nixon zero because of her opposition to genocide. Haley lost to Abdul (twice!) Angie lost by 238k votes. His selfish, incompetent and treacherous actions cost us a Senate seat.
1
1
27
Black women are how DEMS won; DO NOT FORGET THIS; so IMO, making a black woman the SPEAKER IS PERFECT. There are many choices: Jasmine Crockett (no you do not have to be in the House to be Speaker); Ayana Pressley, Lauren Underwood. We need to honor black women with this power.
52
NO to Schumer or Jeffries. THEY are NOT putting WE, the People ahead of donor $$$ @HouseDemocrats @SenateDems NO NO NO "Do you hear the people's voices?? " Listen, we are ANGRY; we worked for CHANGE...
Hakeem Jeffries spent 13 years insisting Medicare for All is a human right—UNTIL corporate cash reminded him that sick people don't write the dark money checks.
20
THIS 👇👇👇👇 is who he is...
Las personas de izquierdas con influencia estamos sufriendo shadow-banning en 'X' del tecnoligarca Elon Musk. Tratan de silenciarnos. Copia este mensaje y comparte contra el algoritmo de la propia red social. También podéis leerme en Bluesky.
bsky.app/profile/fonsiloaiza…
8
🤬🤬🤬🤬🤬🤬🤬👇👇👇👇👇👇👇
Sick of the racist, self-serving, "me, me, me, it's all about me" GOP/MAGA/red. This 'GREED IS GOOD" bullsh*t has been going on since Reagan; he, Bush and W, plus weak tea neo liberal, third-way crap is why we got the Orange f*ckface felon potus.
8
@SenateDems Absolutely NO to @SenSchumer. WE, the People, are DONE with his corporate, white supremacy b*llsh*t. NO NO NO
1
11
@SenateDems @HouseDemocrats WE, the People, ESPECIALLY Black Women, Hispanic voters, Young Voters worked their *sses off for you. They marched, they knocked on doors; they called; they VOTED for YOU .....now you WORK for them, for WE the People DEI
17