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A colloquial name given to the Working Group on Financial Markets. The Plunge Protection Team was created to make financial and economic recommendations to various sectors of the economy in times of economic turbulence.

The team consists of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve, the Chairman of the SEC and the Chairman of the Commodity Futures Trading Commission.

The team was initially perceived by some to have been created solely to shore up the markets or even manipulate them. The team was created in response to the market crash.

Plunge Protection Team (PPT)

The theory is that the team manipulates markets by executing trades on several exchanges free ppt on stock market the market isn't behaving as it would like. It is said to only work with big banks such as Goldman Sachs and Morgan Stanley, only to report to the President, and to keep no records of trades. Dictionary Term Of The Day.

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