Thursday, September 25, 2008
Plunge Protection Team Bailout?
The Fed, according to PPT theory, acts as the PPT’s private slush fund. Money is taken out to pump up stock prices, and then taken back in so that prices will fall. The PPT players profit on the movements of the market, induced by this activity. If all of this is true, maybe, Bernanke and Paulson don't want to admit the embarrassing facts?