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No major news organization wants the financial news story of the century
1:13a ET Wednesday, May 24, 2017
Dear Friend of GATA and Gold:
The indispensable ZeroHedge today calls attention to CNBC's having just given extensive airtime to a prominent investor, Asher Edelman, as he asserted that the U.S. government is using the fabled "Plunge Protection Team" -- Edelman called it "Plunge Protection Group" -- to intervene surreptitiously in the stock market to prevent collapses and even merely disconcerting volatility:
http://www.zerohedge.com/news/2017-05-23/asher-edelman-says-i-have-no-do...
Yes, that market manipulation should be discussed at such length by a mainstream financial news organization is remarkable progress. But while at the conclusion of the interview with Asher a member of the CNBC panel wonders where records of the PPT's interventions might be found, there is no suggestion that financial journalists should investigate possible interventions.
... Dispatch continues below ...
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Little GATA often has shown how easy it is to devise questions about intervention that central bank and government officials refuse to answer, lest their surreptitious activities be exposed and lose effect.
So imagine what a major news organization could accomplish here. It could break the financial news story of the century. But nobody seems to want it.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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