The Plunge Protection Team, An Elite Group Protects the Financial Sector

April 26th, 2008 by GoldSilver | Posted in Economic News |

Some people foolishly think that Washington’s recent high-profile effort to steer, subsidize and protect the American financial sector is the beginning of something new - a revolutionary development. It isn’t. Consider that the President’s Working Group on Financial Markets - nicknamed "the Plunge Protection Team" by The Washington Post in 1997 & quietly observed its 20th birthday on Mar. 18.

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