Photo Sharing and Video Hosting at Photobucket Photo Sharing and Video Hosting at Photobucket In the latest manifestations of what Forbes magazine recently (here) called “the biggest buyback binge in the history of the market,” both Home Depot and Expedia announced that they would undertake massive amounts of debt to buyback significant portions of their outstanding shares.

The Home Depot plan (which it announced here) is

One of the most noteworthy corporate phenomena of recent months has been the increasing prevalence of companies buying back their own shares. According to an article in the New York Times (here, subscription required), the S & P 500 companies are on a pace to repurchase more than $435 billion worth of their