PLUNGE PROTECTION TEAM’S ADVICE TO PRESIDENT TRUMP WOULD PROTECT CHINA AND WALL STREET INSIDERS

PRESENT DANGER CHINA - Aug 11, 2020 -



Prague Security Studies Institute Exposes Seriously Defective Recommendations


WASHINGTON, D.C.— Predictably, a group of Wall Street veterans tasked by President Trump with advising him about how: a) to respond to the Chinese Communist Party’s snuffing of freedom in Hong Kong and b) to protect American investors from problematic CCP companies failed in both tasks. A timely critique of the five recommendations that it took nearly two months for the Presidential Working Group on Financial Markets (PWG, also known as the Plunge Protection Team or PPT) to generate confirms the time-tested intelligence axiom: Garbage in, garbage out.


In this case, individuals with long ties to the financial sector[1], led by former Goldman Sachs executive and current Treasury Secretary Steven Mnuchin, clearly placed a premium on assuring continued preferential treatment for the CCP and the lucrative fees it makes for their Wall Street cronies. Not surprisingly, what they produced serves those favored clients, rather than the national interest.


A just-released analysis by the Prague Security Studies Institute (PSSI) reveals the wholesale inadequacy of each of the PPT’s putative correctives to the serious problems associated with U.S. capital markets’ underwriting of Chinese corporations that are not transparent, accountable, properly governed or honest about material risks. Such risks include: threats to our national security, human rights abusers, federal government-sanctioned entities, as well as non-financially viable companies.


The following are highlights from the PSSI study offering brief descriptions of the PPT’s five recommendations and the Institute’s assessment of their respective shortcomings (bolded emphasis added throughout):


CONTINUAR LENDO:

https://presentdangerchina.org/2020/08/plunge-protection-teams-advice-to-president-trump-would-protect-china-and-wall-street-insiders-but-not-the-u-s-or-its-investors/

© Todos os Direitos Reservados - heitordepaola.online

  • Facebook
  • Twitter
  • YouTube