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Plunge Protection Team , Urban Legend or real ?
Old 09-01-2015, 03:33 PM   #1
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Plunge Protection Team , Urban Legend or real ?

Inquiring minds want to rnow
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Old 09-01-2015, 03:38 PM   #2
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They exist, and have record of success similar to the Washington Generals.

Quote:
The Washington Generals lost to the Harlem Globetrotters over 16,000 times.
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Old 09-01-2015, 03:53 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
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It's real, and was created by Executive Order 12631, signed on March 18, 1988 by United States President Ronald Reagan, although the official name was different.

It consists of:
  • The Secretary of the Treasury, or his or her designee (as Chairperson of the Working Group);
  • The Chairperson of the Board of Governors of the Federal Reserve System, or his or her designee;
  • The Chairperson of the Securities and Exchange Commission, or his or her designee; and
  • The Chairperson of the Commodity Futures Trading Commission, or his or her designee.

See: https://en.wikipedia.org/wiki/Workin...ancial_Markets.

Considering the recent market decline, they must be sleeping on the job again.
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Old 09-01-2015, 04:12 PM   #4
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Quote:
Originally Posted by NW-Bound View Post

Considering the recent market decline, they must be sleeping on the job again.
I think they just finished up In Jackson Hole , now off in Beijing , doing consultant work . Maybe they will stay , and never come back.
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