Frequent Bloomberg and CNBC commentator Scott Nations, President of Fortress Trading - a Chicago-based firm that trades options and futures - said in a CNBC interview that the PPT (Plunge Protection Team) manipulates the S&P 500.
This isn't big news, but it is impressive that Nations discussed the PPT on a mainstream news program.
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Look here for more on plunge protection team :
ReplyDeleteMike Whitney article included but I put the whole blog post so you can see things in context:
http://www.americanjourneyblog.com/search/label/plunge%20protection%20team