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Speculative theory

Plunge Protection TeamAtlas

Economy & Corporations · Market manipulation & financial crises

The Plunge Protection Team is a colloquial name for the Working Group on Financial Markets. Some market commentators attribute sudden recoveries after sharp selloffs to covert intervention by a Plunge Protection Team.

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Timeline

  1. 1997-02-23 · amplificationWashington Post profiles White House plunge-protection planning
  2. 2014-10-20 · amplificationMedia claim plunge protection behind sudden market recovery
  3. 2016 · amplificationCommentary frames Executive Order 12631 as Orwellian PPT origin
  4. 2018 · eventTreasury Secretary Mnuchin prepares Plunge Protection Team and banker calls
  5. 2018 · eventTrump administration arranges PPT/Working Group call amid Wall Street rout

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