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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: dave9 who wrote (71739)11/28/2007 12:47:16 AM
From: mishedlo  Read Replies (2) of 116555
 
I Want My Buybacks Back
globaleconomicanalysis.blogspot.com
Corporations have squandered hundreds of billions of dollars over the past few years on stock buybacks. The most galling thing is that 78% of buybacks went for insider options. Shareholders got a mere 22% of the pie and most of that was wasted. Countrywide, Citigroup, Ambac, Fannie Mae, Freddie Mac, Ambac, and MBI sit on top of the list.
Mish
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