Ignore That Bear Market And Focus On These Buybacks

Listen, SocGen's Andrew Lapthorne is not a fan of financial engineering, ok? In fact (and I hope I'm not mischaracterizing his views on this), I'd be willing to go out on a limb and say that when it comes to criticizing financial engineering gone wild in an era of easy money, Lapthorne is the most outspoken critic on the Street. He's been railing against the folly inherent in leveraging the balance sheet in the pursuit of ill-timed buybacks for as long as I can remember and this is perhaps my