-Caveat Lector-
Newsmax-Inside Cover
Thursday, Dec. 21, 2000 6:37 p.m. EST
Is Clinton Pulling the Plug on the Dow's Plunge Protection Team?
It has been no secret that Bill Clinton's former treasury
secretary, Robert Rubin, created a system to use federal
resources to intervene any time the stock market dropped below
certain fixed points.
Rubin's market monitoring team was nicknamed the "plunge
protection team" - and encompassed top federal officials and Fed
chairman Greenspan.
Any time the market dropped, as it has in the past few weeks, the
plunge protection team would convene, even by phone, to create a
coordinated response to maintain market supports.
Some market watchers suspected the U.S. government, faced with a
badly fallen Dow Jones at the closing bell in New York, would
move funds into derivatives overnight on Asian markets.
The derivative buys would create incentives for day traders to
buy stocks on the New York Stock Exchange.
Some are speculating that with his final days here, and Gore a
loser, Clinton may have pulled the plug on the plunge protection
team.
Democrats would like to see the economy sour in the new Bush
administration's lap, and reap a windfall in the 2002
congressional elections and, just maybe, in 2004.
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Kadosh, Kadosh, Kadosh, YHVH, TZEVAOT
FROM THE DESK OF:
*Michael Spitzer* <[EMAIL PROTECTED]>
~~~~~~~~~~~~~~~
The Best Way To Destroy Enemies Is To Change Them To Friends
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