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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: bart13 who wrote (70632)	9/29/2006 11:08:45 AM
From: Tommaso	Read Replies (1) of 110194

Wikipedia: The Plunge Protection Team or PPT is a nickname of the President's Working Group on Financial Markets in the United States. It includes the Secretary of the Treasury, the Chairman of the Federal Reserve, the Chairman of the Securities and Exchange Commission and the chairman of the Commodity Futures Trading Commission. It was founded in 1987 after the stock market crash and in theory, ensures the stability of the financial markets, prevent liquidity problems and ensure that stock market hiccups do not cause bank runs. Some Wall Street bears believe that it buys stock index futures or uses other methods to help keep the America stock markets afloat.

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