The derivatives are unwinding! The market is crashing! Send in the PPT!
The Working Group on Financial Markets or PPT (Plunge Protection Team) is a rather shadowy organization pledged to save Wall Street from crashes like this.
IMO, this is evidence of their handiwork. The wind didn’t change direction and fix the market, something clearly interfered around 2:45PM, October 6, 2008..
The PPT consists of:
- Secretary of the Treasury – Henry Paulson
- Chairman of the Fed – Ben Bernanke
- Chairman of the SEC – Christopher Cox
- Chairman of the CFTC – Walter Lukken (acting)
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.