Ralph Nader steamed as buybacks pick up steam

By Robert Stead

Earlier this month, former presidential candidate and famed consumer advocate Ralph Nader took aim at the $7 trillion of corporate stock buybacks since 2003, declaring the phenomenon a “monster of economic waste.”  Mr. Nader notes that prior to the enactment of Rule 10b-18 of the Securities Exchange Act in 1982, stock repurchases were considered unlawful stock manipulation.”…

[Click HERE to read to full article]