Plot thickens in the battle of 'The Plunge'

The Treasury Department has records of the secret meetings that its President's Working Group on Financial Markets held to discuss the troubled financial markets, after all.

That doesn't mean Washington wants us to know what was discussed, or whether Wall Street executives were in the meetings.

The working group was founded by President Reagan back in 1989, after the stock market nearly sustained its second big crash in two years.

Placed under the Treasury's jurisdiction, it lay dormant for years. It has been nicknamed The Plunge Protection Team because many people -- including me -- believe that in recent years it has been used to stabilize markets. (more)