Why Are BigCos Buying Their Own Stock With Borrowed Money?
John Battelle

John I think you’re not taking the thread all the way to the end. Yes Wall Street is enabling this behavior, but it is only a viable option b/c of the Fed’s (and all other ZIRPy Central Banks) policy of pushing rates down to nothing to ignite inflation, which ain’t coming any time soon.

I’m not fan of the TBTF banking system we have now, but you’re misguided to lay this at their feet.