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- Up one level
- An Orwellian Executive Order
Malcolm Berko, Sept 21, 2016 Executive Order 12631 established the Working Group on Financial Markets, darkly known as the Plunge Protection Team, or PPT. The PPT was put in place to prevent a stock market crash like the one on Black Monday — Oct. 19, 1987.
- Executive Order 12631--Working Group on Financial Markets
Mar. 18, 1988 By virtue of the authority vested in me as President by the Constitution and laws of the United States of America, and in order to establish a Working Group on Financial Markets, it is hereby ordered as follows:
- Ex-Plunge Protection Team Whistleblower: "Governments Control Markets; There Is No Price Discovery Anymore"
Tyler Durden, Zero Hedge, Feb 24, 2015 One year after the great stock market crash in 1987, US President Ronald Reagan launched the "Working Group on Financial Markets." Conspiracy theorists believe, however, that the real task of this committee is to protect against a renewed slump in the stock market. ... In this 38 minute interview Lars Schall, for Matterhorn Asset Management, speaks with Dr Pippa Malmgren, a US financial advisor and policy expert based in London. Dr Malmgren has been a member of the U.S. President’s Working Group on Financial Markets (a.k.a. the “Plunge Protection Team”). [Note - I do not know anything about this site, and there are many financial "news" and "analysis" sites that exist to bilk would-be investors.
- Plunge Protection Team
Brett D. Fromson, Washington Post Staff Writer, Sunday, February 23, 1997; Page H01