Mnuchin and his 'plunge protection plan'

[sglowrider]

US treasury secretary calls CEOs of six biggest banks as stocks plummet
S&P 500 on track for biggest percentage decline in December since Great Depression

https://www.independent.co.uk/news/...-goldman-sachs-jp-morgan-morgan-a8697751.html

Donald Trump‘s treasury secretary has called the CEOs of six of the biggest banks in the United States and made plans to convene a “plunge protection team“ amid an ongoing fall in American stocks.
US shares have fallen sharply in recent weeks on concerns over slowing economic growth, with the S&P 500 index on track for its biggest percentage decline in December since the Great Depression.

“Today I convened individual calls with the CEOs of the nation’s six largest banks,” Treasury secretary Steven Mnuchin said on Twitter shortly before financial markets were due to open in Asia.

My question is why make this public? It only adds to the insecurity and jitteriness of the market. Becomes a self-fulfilling prophecy.

Side note: