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That applies to the CARES act, not the Fed

Businesses who borrow under the CARES act are prevented from stock buybacks until a year after they've repaid it.

Businesses who borrow from the Fed have no such restrictions. The Fed recently started a program to buy unlimited amounts of corporate debt at very low interest rates. I included some links in my reply to I51.

It strikes me as wasting air to keep a leaky balloon inflated. Most stocks were already over-valued even before the virus.



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