The semi mythical Plunge Protection Team it has been argued by some, doesn't exist.
Well it does. Its real name is the President's Working Group on Financial Markets (Google it) and it has been convened in the Oval Office (thought to be the first time it's ever been convened there) to discuss the current situation.
Also see http://news.google.co.uk/news?hl=en&...ts&btnG=Search
Doubting Thomas's should read it and weep (as should us bears )