And I didn't realize until last month that stock buybacks used to be illegal. Oh, yes. So this is like, this is a very big passion of mine. In the early 1980s, the Securities and Exchange Commission made [stock buybacks] permissible. stock buybacks. You know, the concern there and the reason they were illegal before was because it's inside. You know, it's like insider trading. (07:38–07:48)
CLAIM
Asserts that the SEC allowed stock buybacks starting in the early 1980s.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
