President Donald Trump stated in a white house corona virus press briefing that he did not support the previous stock buy back of 2008, where major companies used money they received to buy their own stocks and essentially artificially inflate their stock prices.
Yes, it appears we are clearly in a recession, maybe heading into a depression, and we are already talking “bail outs.”
In this recession, where bailout talks have clearly already began, Trump confidently stated he will recommend an exclusion, prohibiting companies from again buying their own stocks and artificially pushing the prices of their stocks up.
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