Plunge Protection Team Re Enacted

With the 3/4 point rate cut the Fed allowed the banks to borrow money cheaper to quickly invest in the market on Tuesday, when Dow futures were down 550 points. This may have carried into the next day when the Dow soared nearly 300 points.

We are in a recession people.:(
 
So, all the money the Fed printed out on Tuesday went to PPT?

I just don't know what to say. I mean, that's like rigging the stock market...
 
I had the same speculation as soon as I heard of what the PPT was last night forsmant. I'm glad I'm not the only one. I have a little understanding of the Fed through an upper level Economics course, but had no idea what the PPT was. Before last night, I had never heard of them just like McCain, but unlike McCain, I'm not running to be their boss. I'm so glad Dr. Paul is running becaues he is educating so many people as he goes along. Huck last night was definately listening for talking points for the next debate, his eyes were GLUED to Paul.

I've known how much crap the Fed can do to the money, but now they can create a fake bull market to trick people this is really scary...what else are they doing that we don't know?
 
If the fed buys to start a rally, and then sells at some point, who gets the profits. And does this mean that the fed gov. is buying ownership in business.
 
driller80545 said:
If the fed buys to start a rally, and then sells at some point, who gets the profits. And does this mean that the fed gov. is buying ownership in business.
Click to expand...

The fed does not have to participate directly. It would get its share holders to borrow from the fed to buy on the market. The fed would collect intereston the loans.
 
The profits probably go to PPL to line their pockets for all their hard work, I highly doubt they put it into the general fund. Of course that is just what I think judging on how secretive they are.
 
forsmant said:
The fed does not have to participate directly. It would get its share holders to borrow from the fed to buy on the market. The fed would collect intereston the loans.
Click to expand...

What prevents them from participating directly. Was this the reason for the "sunshine" part of his question to McCain?
 
Looks like the American people just got swindled again and it will never be reported in any mainstream media outlet here in the states. The majority of the American people will never know about it. If you try to tell them about it, it sounds so outlandish to the average American that they will brand you a kook.

Sucks, doesn't it?
 
Thumper said:
Looks like the American people just got swindled again and it will never be reported in any mainstream media outlet here in the states. The majority of the American people will never know about it. If you try to tell them about it, it sounds so outlandish to the average American that they will brand you a kook.

Sucks, doesn't it?
Click to expand...

Ha, the people are told that they are propping up the economy. Nothing like making a killing for everyone's best interests.
 
They might have the power to do it in the short run but it will still collapse in the long run. The market went up mainly due to the bank stocks and I think alot of it had to do with outside investers. The problem is as the dollar weakens it doesn't matter how much money You pump into bank stocks they will eventually crash because people like us will lose buying power.
 
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