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Tammy Baldwin: “Some corporations have even gone into debt [to finance stock…”

Featuring: Tammy Baldwin, Democratic | U.S. Senate, Wisconsin

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Senator Baldwin Discusses the Stop Bad Mergers Act

Published | Video Starts at 08:48

… again, we have seen staggering sums of corporate profits being used for stock buybacks, as opposed to these other things that you could do with those profits. And in fact, Some corporations have even gone into debt [to finance stock buybacks]. They've borrowed money so that they can do stock buybacks and that, you know, I think we should go back to the day that they were considered that they were limited. (08:48–08:52)

CLAIM

Asserts that corporations have borrowed money to conduct stock buybacks.

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