Buybacks are neither good nor bad -- it is a tool and can be good or bad depending on how it is used.It shouldn't be illegal.And -- just as importantly -- the government should not bail out companies.
I actually think shorting is what should be illegal. Betting on companies to fail is not cool IMO. Power investors can cause a lot of havoc. <cough soros cough> . I wonder what Nikki Haley found out about em.