tw0122
4 months ago
Letβs pump to 70s Powell and Yellen say so .. We need to pump you Up ..yeah
The "Plunge Protection Team" (PPT) is a colloquial name given to the Working Group on Financial Markets. Created in 1988 to provide financial and economic lifts to the S&P 500.
Critics fear the Plunge Protection Team doesn't just advise, but actively intervenes to prop up stock pricesβcolluding with banks to rig the market, in effect.
The Plunge Protection Team, composed of high-ranking government financial officials, reports directly and privately to the president of the United States.