The Plunge Protection Team An Elite Group Protects the Financial Sector



Treasury Secretary Henry M. Paulson Jr. (WDCpix)
By kevin Phillips 04/25/2008
Some people foolishly think that Washington's recent high-profile effort to steer, subsidize and protect the American financial sector is the beginning of something new -- a revolutionary development.

It isn't. Consider that the President's Working Group on Financial Markets – nicknamed “the Plunge Protection Teamâ€