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/ashe...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.
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.
