Plunge Protection Team Now Official

By Todd Harrison  JAN 09, 2008 12:45 PM

What was once conspiracy theory is now an accepted and acknowledged policy tool.

 


I've been digesting this article in The Telegraph.  Not that the Plunge Protection Team is a shocker.  We've spoken about the Unusual Suspects for a long time and have been monitoring the Invisible Hand since.  It's out there and what was once conspiracy theory is now an accepted and acknowledged policy tool.

A few thoughts:

No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

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