Check out this article on the difficulty in gaining access to information relating to the President’s Working Group on Financial Markets, better known as “The Plunge Protection Team”.

I really do not believe a free market economy should have a hyperactive (or even active) group of government officials trying to jigger with the financial markets of that economy.

This sort of thing is part of what creates bubbles in the first place. The PPT should be shut down or at the very least, restrained significantly. Additionally, minutes should be kept and access should be open to the public.

As a concerned citizen and responsible individual, I am seeing more and more SHAMs everywhere I look. Weak.

Filed under: Politics, Social Mood, Economics