Plunge Protection Team
A new Great Depression? It's different this time
Submitted by MichaelVail on Fri, 03/21/2008 - 6:07pm.
Dysfunctional capital markets, frantic central banks, stressed-out consumers, fear and uncertainty -- all are alarming echoes of the global economic cataclysm of the 1930s.
Which raises the inevitable question: Could another Great Depression be lurking over the horizon?
Plunge Protection Team Examining Market Meltdown
Submitted by MichaelVail on Fri, 08/17/2007 - 2:10am.
August 16, 2007 -- THE Plunge Protection Team and the Federal Reserve saw it coming.
The "it" is the turmoil in the financial markets that we've been seeing ever since the failure of some subprime mortgage securities began scaring the bejeezus out of investors.
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