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Well-Known Financial Analyst Says PPT Manipulates the S&P 500
George Washington’s Blog
Sunday, Nov 23, 2008
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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5 Responses to “Well-Known Financial Analyst Says PPT Manipulates the S&P 500”
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November 23rd, 2008 at 8:57 am
They’ve been doing this for years, now finally the MSM notices?
November 23rd, 2008 at 11:00 am
I wonder if all those other financial people and hosts that bashed Scott Nations are totally blind and stupid morons or if they just play one on TV. The amount of denial present when the existance of the PPT is public and its mandate and mission is known, frankly, is too much. If I worked in the industry I would make it my business to know this information. The fact that a host on TV is asking for citations…like he cannot go and do his own homework….speaks to the “news skills” of this news reporter and the “financial skills” of these “tow the line” ass-wipes who are going to smile and laugh their way into the swirling toilet.
November 23rd, 2008 at 12:56 pm
I’m surprised that the lamestream media did notice. They’ve always contended that the PPT was a conspiracy theory. But it was created in 1987. They have such short memories or it is just blatant ignorance. Not sure which. Probably both.
November 23rd, 2008 at 7:35 pm
CNBC is a conspiracy theory show me some proof.
November 24th, 2008 at 5:53 am
Bernake admitted to the existence of the PPT in a hearing while answering a question asked by (of course – who else) Ron Paul.
Bernake agreed there should be more disclose on their activities. – yeah right you crook, where is it?