The Stock Market's Da Vinci Code

Is the Federal government manipulating the equity markets? For years, there have been whispers on Wall Street of secret government-backed actions — like stepping in to buy equity index futures to prevent investors from catastrophic plunges. It sounds like a crazy conspiracy theory for sure, but it is one that has currency and won't go away. The conspiracy goes like this: There is a group of federal government officials — the Treasury secretary, the Fed chairman — plus senior NYSE officials who make up, the Plunge Protection Team. It is said they intervene to put a floor under ...

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