Government Sachs the PPT with Taxpayer Money?
April 29, 2009
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RELATED TICKERS: GS
Rallies on Wall Street, of course, are good things -- unless it turns out that some people know the government is rigging the stock market and you don't.
That brings me to something called The President's Working Group on Financial Markets, which is commonly referred to as the Plunge Protection Team.
As I wrote in last Thursday's column, the Team has disappeared.
Try finding The President's Working Group at the US Treasury and you won't.
The guys and girls that Treasury Secretary Hank Paulson relied on so heavily last year when he was forcing Bank of America to buy Merrill Lynch and when he was waterboarding other firms into coming to Wall Street's rescue has gone underground.
QUESTIONS ABOUT GOLDMAN SACHS' ROLE IN MARKET
NY POST
NY Post smells something fishy, http://www.goldmansachs666.com/ shares the story:
Something Smells Fishy at Goldman Sachs
by Mike Morgan
Editor's Note: It's too bad the rest of main stream media is so scared and/or bought by Goldman Sachs. But not The New York Post. They tell it like they see it. Now if we could only get some serious attention from the regulators.
QUESTIONS ABOUT GOLDMAN SACHS' ROLE IN MARKET
by John Crudele in The New York Post
SOMETHING smells fishy in the market. And the aroma seems to be coming from
Goldman Sachs.
. . .
But can you trust what the stock market is now doing any more than the rally last summer that ended badly or the one last December that ended horribly? The optimists on Wall Street will tell you that stock prices always rally ahead of an improving economy.
. . .
According to an outfit in Sausalito, Calif. called TrimTabs, the flow of money from regular investors (that's you and me) into the stock market has been rather moderate considering the 7-week market run.
. . .
So, who's moving the market? Professional traders, with Goldman Sachs
leading the way . . .
Read the full article -
Click Here
