The return of the Plunge Protection Team coming soon
Much to the dismay of Bernanke and Paulson, the new & improved PlungeProtectionTeam.com is on its way. Stay tuned.
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The Plunge Protection Team Blog
Tracking the President's Working Group on Financial Markets
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What is the Plunge Protection Team?
Quoted from Wikipedia: "Founded in 1988 after the 1987 stock market crash, it theoretically ensures the stability of the financial markets, prevents liquidity problems, and ensures 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 American stock markets afloat."
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about this blog
There is a lack of consolidated info on the Plunge Protection Team (PPT) available. The Plunge Protection Team is secretive by its very nature, and that doesn't sit well with me. I created this blog to meet the needs of people who would like to track what the PPT is up to and keep this secretive organization accountable to the American public. If you want to track the PPT with me, be sure to subscribe to our feed. For more details, please read our welcome message.
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