According to Phil Grande, philsgang.com/GetPage.... the Pension Benefit Guarantee needs $75 BILLION bailout right now! According to Phil(see his archive) Paulson is having the Plunge Team prop the market to prevent any further pension losses, knowing now isn't the time to ask Congress for the money, on Friday, Phil said Paulson's buddies at Plunge Protection were in the market buying bank shares, the easiest was to goose-up the market. PPT is defending $SPX 800, he said the are desperately trying to rally this back, using the TARP monies given to Paulson's buddies at the 9 primary dealers' trading desks. Nobody on this blog has raised the question of how much of TARP is being used to buy index futures, especially in the pre-market, Phil says even after the last 800 pt drop, Paluson Boyz were in at 4am buying SPY/DIA futures to open the market 200 pts higher the next day, this after CLOSING AT THE LOWS! Where is the proof the PPT is NOT using TARP for trading?
Beware Pension-Plan Shortfall - Barron's [View article]
the Pension Benefit Guarantee needs $75 BILLION bailout right now! According
to Phil(see his archive) Paulson is having the Plunge Team prop the market
to prevent any further pension losses, knowing now isn't the time to ask
Congress for the money, on Friday, Phil said Paulson's buddies at Plunge Protection
were in the market buying bank shares, the easiest was to goose-up the market.
PPT is defending $SPX 800, he said the are desperately trying to rally this
back, using the TARP monies given to Paulson's buddies at the 9 primary dealers' trading desks. Nobody on this blog has raised the question of
how much of TARP is being used to buy index futures, especially in the
pre-market, Phil says even after the last 800 pt drop, Paluson Boyz were in
at 4am buying SPY/DIA futures to open the market 200 pts higher the next day, this after CLOSING AT THE LOWS!
Where is the proof the PPT is NOT using TARP for trading?