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In essence, the Treasury’s Freedom of Information officials said that the Working Group – affectionately nicknamed the Plunge Protection Team – doesn’t keep records of its meetings.

How interesting and convenient!

Included in the 177 pages that the Treasury said responded to our request on the actions of The President’s Working Group were 53 pages on which something was redacted – blacked out so that the discussion was unreadable.

Many of those 53 pages contained no words at all – just a big black blob.

Starting in June of 2006 The Post asked for an accounting of the actions of The President’s Working Group, which was formed under President Reagan. The Group seems to have the ill-defined task of keeping an eye on the financial markets. We also asked for e-mails related to our request through the Freedom of Information Act (FOIA).

The Working Group operates out of the Treasury Department and includes the heads of the various exchanges in the US, as well as top-ranking government officials.

Hank Paulson, the Treasury Secretary, and Ben Bernanke, the head of the Federal Reserve, are the two most prominent members.

Back in August, Paulson said in a television interview that “we’ve reenergized The President’s Working Group on Financial Markets.”

The Wall Street Journal last year said that Paulson, upon becoming Treasury Secretary, was insisting that the Working Group meet every six weeks.

Whatever the schedule of meetings, one of those meetings occurred on Aug. 17 – the day the Federal Reserve surprised the financial markets with a cut in its discount rate.

According to records that someone else got from Bernanke’s office through a FOIA request, there was an 11 a.m. conference call on Aug. 17 of the “PWG” – the President’s Working Group.

Fed Governor Kevin Warsh and Patrick Parkinson, a Treasury staffer, took part in that call, according to Bernanke’s phone log.

The day before – Aug. 16 – Bernanke and Paulson had lunch, but it isn’t clear whether this was just two guys having a meal or if it, too, was related to The President’s Working Group.

Hours after that lunch, word got around on Wall Street that the Fed was about to make a move and the stock market staged a tremendous rally.

The next day those rumors of Fed action proved accurate.

So what’s the Working Group up to?

I suspect the group is ready to come to the rescue of the financial markets – even equities – in the case of a meltdown.

And as I’ve said in the past, that would be a completely acceptable task as long as it remains a limited power that is used infrequently.

But who decides when a rescue is needed?