'According to credible sources, it has become government policy to "protect" the investment community from the laws of gravity.  The government has even admitted as much. Alan Greenspan gave a speech in Lueven, Belgium on the 14th of January, this year, in which he touted the Fed's obligation to bail out banks and private financial institutions not just by printing unlimited amounts of money but also through "direct intervention in market events."'
Rex Rogers, Timely Expose' -- November 1, 1997

"That many investors believe a so-called "plunge protection team" exists may be as important as whether it's fact or myth. Such beliefs may explain why many investors rode the markets down in the past 22 months, and why most continue to have faith in the stock market, and in Greenspan."   TheStreet.com January 24, 2002.

~ March 18, 1988: Working Group on Financial Markets ~ Executive Order 1263112631 - Reagan Administration

Fed Ponders 'Unconvential' Methods To Combat The Potentially Deleterious Effects of a Zero Bound Interest Rate Policy
- January 29, 30, 2002: Federal Reserve Minutes FED
- October 20, 2000: Throwing A Lifeline To Sinking MarketsWorked; Heres Proof - New York Post
- April 5, 2000: How Stocks Turned Back From The Abyss - New York Post
- February 23, 1997: Plunge Protection Team - Washington Post

- August 16, 2007: THE Plunge Protection Team and the Federal Reserve saw it coming New York Post
- August 9, 2007: Plunge Protection Team Working Overtime SirChartsAlot
- June 8, 2006: Paulson's other Job As Wall St. Plunge Protector New York Post
- Augut 2005: Move Over, Adam Smith: The Visible Hand of Uncle Sam Sprott (PDF File)
- June 27, 2002: Late rallies rouse suspicions CBS MarketWatch
- April 02, 2002: Greenspan, Fed Bailed Out Marts In September New York Post
- February 26, 2002: Plunge Protection may Plunge the Economy into the loo FallStreet
- October 31, 2001: Does The Plunge Protection Team Exist? Ackerman
- September 16, 2001: Fed to prop up Wall St The Observer
- October 13, 2000: Angels from on high drag markets to safer ground Sydney Morning Herald
- September 2, 1998: 'Plunge team' ready to spring into action Ambrose Evans-Pritchard (Electronic Telegraph)
- August 26, 1998: Time To Terminate The ESF, and IMF Cato.org (PDF File)

- Exchange Stabilization Fund - NY Fed
The Exchange Stabilization Fund: How It Works - Cleveland Fed (PDF File)
- 1Q02: Origins of the Use of Treasury Debt in Open Market Operations: Lessons for the Present Chicago Fed (PDF)
- April 11, 2001:  Discussion pertaining to over-the-counter derivatives; hedge funds; and contract netting. ~ WGOFM
Committee on Financial Services -- Hearings Index Page


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