The Blackening Quill
This is, still, a vision thing.

Join the forum, it's quick and easy

The Blackening Quill
This is, still, a vision thing.
The Blackening Quill
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Plunge Protection Team

Go down

Plunge Protection Team Empty Plunge Protection Team

Post  TBQ Sun Jun 06, 2010 8:44 pm

Also known as simply the "working group, this little known establishement, implemented by Reagan after the Baisse of 1987, alledgedly intervenes at free falling of
the stock exchange. When a significant collapse occurs the team implements a major derivative investment where they purchase back the bonds at a fixed price, which changes the index according to the sum implemented. They operate behind closed doors and are not accountable to the congress.

Remember the last free fall of the US stock exchange? They claimed the issue was to the effect of somebody that had "pushed the wrong button". Well then again, maybe not.

http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets
TBQ
TBQ
Admin

Posts : 399
Join date : 2010-06-03

http://www.theblackeningquill.com

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum