Plunge Protection Team - PPT

DEFINITION of 'Plunge Protection Team - PPT'

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.

BREAKING DOWN 'Plunge Protection Team - PPT'

"Plunge Protection Team" was the nickname given to the Working Group by The Washington Post in 1997. 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 1987 market crash.

RELATED TERMS
  1. Plunge Team

    A colloquial reference to a group of economic leaders within ...
  2. Chairman

    An executive elected by a company's board of directors that is ...
  3. Depository Institutions Deregulation ...

    A six-member committee established by the Depository Institutions ...
  4. Federal Reserve Board - FRB

    The governing body of the Federal Reserve System. The seven members ...
  5. Management Buy-In - MBI

    A corporate action in which an outside manager or management ...
  6. Treasury Secretary

    The Secretary of the Treasury is a member of the Presidential ...
Related Articles
  1. Markets

    What are the Federal Reserve Chairman's responsibilities?

    Learn about the duties and responsibilities of the chairman of the Federal Reserve Board, including testifying before Congress and as chair of the FOMC.
  2. Financial Advisor

    Artisan Partners: Investment Manager Highlight (APAM)

    Learn about Artisan Partners Asset Management, including its unique business model and diverse selection of investment strategies.
  3. Markets

    How Major League Baseball Makes Money

    Major League Baseball is big business. Let's take a look at where the money comes from.
  4. Financial Advisor

    Why Advisors Should Team Up

    More than half of all practicing financial advisors now work in teams, says a recent study. Here's why.
  5. Financial Advisor

    Why Advisor Teams Produce Better Results

    If you haven't considered working in a team environment, here's the research that shows why it's so beneficial for your financial advisory career.
  6. Markets

    The 5 Highest Paid Executives in The Financial Sector (JPM, C)

    Learn who the highest paid executives in the financials sector are and how they became some of the most influential and powerful people in the world.
  7. Financial Advisor

    A Look At Barron's Top 3 Financial Advisor Teams

    A look at Barron's top 3 financial advisor teams for 2015 and why they made the list.
  8. Markets

    Understanding the SEC

    The SEC's triple mandate of investor protection, maintenance of orderly markets and facilitation of capital formation makes it a vital player in capital markets.
  9. Financial Advisor

    Top 10 Most Valuable Sports Teams in 2015

    Cleats, pads and profits: we take a look at the top 10 most valuable sports teams in the world.
  10. Professionals

    The 5 Highest Paid Executives in the Consumers Sectors (LBTYA, CBS)

    Discover who the highest-paid executives in the consumer sectors are and how they reached their positions of power and influence.
RELATED FAQS
  1. Who controls the Federal Reserve Bank?

    Read about the ownership and control of the Federal Reserve, the most powerful financial institution in the world and the ... Read Answer >>
  2. Is teaming up with other traders to raise the price of low cap/penny stocks illegal?

  3. The Chairman of Bright Star Life and Casual had a meeting with his broker this afternoon ...

    The correct answer is b) Insider trading would include information that is material and non-public. Certainly, a poor earnings ... Read Answer >>
  4. How is the Federal Reserve audited?

    Learn how the Federal Reserve gets audited. Due to gridlock, the Federal Reserve has been forced to take on the role of stimulating ... Read Answer >>
  5. How is the Chairman of the Securities and Exchange Commission (SEC) chosen?

    Learn how the Chairman of the Securities and Exchange Commission is chosen, from presidential appointment to Senate confirmation. Read Answer >>
  6. What is the structure of the U.S. Federal Reserve Bank?

    Wonder how the U.S. Federal Bank began and how it works today? Learn how this complex system is structured and how it works ... Read Answer >>
Hot Definitions
  1. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  2. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  3. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  4. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  5. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  6. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
Trading Center