New Report Shows Need for Buyback Restrictions in CHIPS Program

With strong pressure from Wall Street to use stock buybacks to boost share prices, a new report from the Institute for Policy Studies and the Americans for Financial Reform Education Fund showed the need for the federal government to lay down a firm line against potential abuse. The authors urged the administration to put real teeth into that effort by inserting explicit restrictions on all stock buyback spending in the final CHIPS subsidy contracts.

Read the full article at Common Dreams.