Plunge Protection Team , Urban Legend or real ?

[Lakewood90712]

Inquiring minds want to rnow

 

[REWahoo]

They exist, and have record of success similar to the Washington Generals.

The Washington Generals lost to the Harlem Globetrotters over 16,000 times.

 

[NW-Bound]

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/Working_Group_on_Financial_Markets.

Considering the recent market decline, they must be sleeping on the job again.

 

[Lakewood90712]

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.