PLUNGE PROTECTION TEAM COMES OUT OF THE CLOSET.White House to...

  1. 191 Posts.
    PLUNGE PROTECTION TEAM COMES OUT OF THE CLOSET.

    White House to Seek New Fed Power to Keep Markets Stable.

    The Bush administration plans to propose broad new authority
    for the Federal Reserve to oversee market stability, possibly
    exposing Wall Street firms to greater scrutiny, but avoiding
    a call for tighter regulation.


    http://www.nytimes.com/2008/03/29/business/29regulate.html?_r=1&hp&oref=slogin
 
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