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Keyword: fauxcapitalism

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  • RIGGING STOCK MARKETS IS EVEN OK ABROAD

    02/15/2008 1:00:54 PM PST · by oblomov · 7 replies · 79+ views
    NY Post ^ | 14 Feb 2008 | John Crudele
    February 14, 2008 -- IF you still don't believe me that the US government has an organization called the Plunge Protection Team that intervenes in the stock market, consider this: * A former Federal Reserve official proposed just such a market-rigging operation decades ago. * US Treasury Secretary, Hank Paulson, publicly brags that he has revitalized a group that some - including me - thinks is capable of rigging the market. * Paulson has admitted on TV that he regularly discusses financial trouble spots with "market participants," perhaps even at the Wall Street firm he once headed. * A former...