For those who doubt the PPT exists

[Uncle Festivus]

Couldnt that be seen as insider trading

The families that own the Fed have been inside traders since it was formed. Just watch Goldman Sachs . Who owns the Fed - Goldman, Sachs, Rockefeller ....... This is an orchestrated period of asset accumulation by the insiders, just follow the money.....

 

[DB008]

Cheers Wayne,
Very good read. l hadn't heard of the PPT until now. So, $2500Bn debt coming our way. That's alot. Just put more 0's onto everything.
Guess we are in the poo-poo now.

Should mortgage holders even bother paying any extra? Seems like, sell, rent and sit on some cash is the best thing to do in the coming months? Maybe pick up some real bargins in a few months? (If a crash like this is coming, well, were all f%$ked).
Now l'm wondering how many other secret organisations are out there?

 

[dhukka]

Looks like the PPT finished lunch got serious around 1pm today.

 

[powerkoala]

Cutting rates may temporarily bailout Wall Street, but at the expense of people who were wise enough to get out.

this is PPT we are talking about.
not the effect of just rate cut. dow was down 300 point even with the rate cut. but after that, bounce 600 point to positive 298 point.

 

[chops_a_must]

The semi mythical Plunge Protection Team it has been argued by some, doesn't exist.

Well it does. Its real name is the President's Working Group on Financial Markets (Google it) and it has been convened in the Oval Office (thought to be the first time it's ever been convened there) to discuss the current situation.

http://www.telegraph.co.uk/money/ma...008/01/07/ccview107.xml&CMP=ILC-mostviewedbox

Also see http://news.google.co.uk/news?hl=en...orking+Group+on+Financial+Markets&btnG=Search

Doubting Thomas's should read it and weep (as should us bears )

Breaking News:

Being discussed on TV now, in a very unexpected manner on CNBC.

Also Breaking News:

Chicago trader mysteriously murdered.