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The Secret Obama Plan To Pump Up The Stock Market

examiner.com — To the millions of tourists who have driven down San Francisco's Lombard Street, it is easily the "crookedest street in the world."But as familiar as that street is to everyone who has driven it or seen it in a movie, Lombard Street has nothing on the winding road that has been built between Washington and Wall Street.

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  • amabaie, on 06/17/2009, -2/+21I guess the plan isn't so secret anymore, what with it being released on Digg and all. :-)
  • NorthMass, on 06/17/2009, -2/+14Even if there is a PPT it won't be able to stop the inevitable from happening, which is a currency crisis.
  • viol999, on 06/17/2009, -2/+13Secret to all but the Examiner.
  • one504, on 06/17/2009, -1/+9PPT or not, I'm ready to catch the grey men when they dive from the fourteenth floor.
  • drshorty, on 06/17/2009, -3/+9So where's the connection to Obama?
  • shig, on 06/17/2009, -1/+6"Working Group on Financial Markets (or Plunge Protection Team)... the group consist(s) of the President, Treasury Secretary, the Fed chairman, the SEC chairman, and the Commodity Futures Trading Commission chairman."
  • solboldi, on 06/17/2009, -1/+6I would buy gold but I don't have any $.
  • roho76, on 06/17/2009, -4/+9I had no idea that Obama was so knowledgeable about economics. Didn't he go to school for constitutional law. If I remember correctly the President doesn't have the authority under the Constitution to do any of this. I will have to read that very small document that can be understood by a fifth grader but apparently takes a college degree to understand to see where he or any other government agency for that matter has the power to even meddle with the economy. From what I understand he only has the power to protect us from fraud by corporations not prop up the economy.
  • inactive, on 06/17/2009, -2/+5SHHHH. Like David Bowie Sang once upon a time... 'Just you hush your mouse.' I mean really. WTF was that supposed to to be? A play on words? I don't get. No I don't get it at all my friend!
  • cselph, on 06/17/2009, -3/+6I'm SO surprised...
  • inactive, on 06/17/2009, -2/+5"There is no other leveraged commodity market where short sellers increase their positions, materially, as the price rises, and increase them even more when prices are exploding, except gold and silver. The reason traders don't normally do that is that it exposes short sellers to unlimited liability and risk. Yet, in both March and July 2008, and on countless occasions over the past 21 years, vast numbers of new gold and silver short positions were temporarily opened up, with the position holders seemingly unconcerned about the fact that precious metals had just risen exponentially, and that there was a very real potential they would bankrupt themselves with unlimited upside potential. Normal traders would not expose themselves to such unlimited risks."




    http://www.longwavegroup.com/news/2008/08_12_05_go ...
  • bincoder, on 06/17/2009, -2/+5Matching our import tarifs (such as they are) exactly to the import tarifs of each country the product was made and imported from? That would drive up the stock market and cause greedy countries that practice extreme protectionism using their sky high tarifs to block their markets from US items to reduce them getting a reduction back in return. Is that what this story is about?
    Oh. Just another czar to appoint. -.-
    Yawn.
  • ethanator1088, on 06/18/2009, -0/+3This is on Digg, so I am going to already call it a secret failure.
  • kefkaantakrist, on 06/17/2009, -3/+6I agree. Or an XLS for that matter. A DOC might help matters, but only temporarily.
  • asgardshill, on 06/17/2009, -1/+3The perfect music to watch falling bodies by.

    http://www.youtube.com/watch?v=yge311sFhC8
  • crazlunatic, on 06/18/2009, -0/+2Not so secret anymore lol
  • Chestnutridge, on 06/18/2009, -0/+2Which was created in 1987!!! So how is it the "secret Obama plan"?



  • shig, on 06/18/2009, -0/+1The PPT isn't a plan. They implement plans.

    FTA "In fact, as recently as April, a number of observers noticed some unusual patterns in the "program trading" on the New York Stock Exchange, suggesting someone may indeed be working to "prop up" the market with large amounts of buying.

    Even more suspicious was the fact that the largest trader — with a volume 5X higher than anyone else — was none other than Goldman Sachs. . . a firm that shares an extremely cozy relationship with the boys in D.C."

    Look at that list of positions in my comment above, and note that 2 out of 5 are Goldman Sachs alumni. Treasury Sec. Geithner was managing director of Goldman Sachs. The CFTC chairman Gensler worked at Goldman Sachs for 18 years, and replaced the current SEC chairman Mary Schapiro in that position. The person she replaced as SEC chair? He's now at Goldman Sachs.

    A veritable fascist coup d'etat. I ain't saying Obama done it, and it's all his fault. I'm saying he's leading it right now. Bush led it before, and Clinton before him, and Bush before that, and Reagan...
  • pingpants, on 06/18/2009, -0/+1If you want someone to try to explain how the bailout is like SF's Lombard Street this story will do it.
  • Fragger404, on 06/17/2009, -3/+2Roho76... that's why the PPT is SECRET

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