Reply #29: Rigged Casinos and the PPT (oops, the secret is out)

[antigop]

Bernanke acknowledges greater intervention in the markets

http://discuss.epluribusmedia.net/node/2046

Back on Saturday when I promised to write more about Kevin Phillips and his take on the Plunge Protection Team, I had little idea that the PPT would have such a public coming out party so soon.

This morning, according the to Wall Street Journal, Fed Chair Bernanke said “federal regulators, policymakers and private sector groups are already taking steps to address some of the concerns laid bare during the turmoil last year.”

Translation #1: The myth of the free market is debunked.
Translation #2: Investing in the US Stock Market is about as wise as gambling in a rigged casino.

Ironically, Bernanke and US Secretary of the Treasury Hank Paulsen were scheduled to address a seminar entitled "Mortgage Lending for Low and Moderate Income Households" in Arlington, VA at 7:30 this AM.

Lots of links to read...sorry I don't have time to post them all.