Shorty McSeller's definitions
Plunge Protection Team - Stealthy members of the President's Advisory Group, who are responsible for ensuring that, by any measures possible, the U.S. Stock Markets do not "plunge" to frightening depths.
The PPT had the Treasury Department secretly purchased baskets of stocks of companies in the S&P 500 Index to avert a panic, as the market started to precipitously fall today.
by Shorty McSeller December 19, 2008
Get the PPTmug.