what happened to the plunge protection team?, page-5

That's an interesting question....

Some threaders here expect the PPT to come out like Batman and Robin at night and save the world....or Wall St.

I would think that until now intervention was supposed to have been only for the most dire of nights to avert a crash.

But now that the $700Bill rescue package is to be used to buy into banks rather than their toxic assetts, maybe we'll see some judicious buying rather than plunge protection.

Then, of course, when the US government is the proud owner of banks, it would want to protect those assets even more, right?