AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryRegisterLog in

 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone
 

 Michael Lewis on Exposing Wall Street’s Biggest High-Tech Swindle

View previous topic View next topic Go down 
AuthorMessage
CovOps

CovOps

Female Location : Ether-Sphere
Job/hobbies : Irrationality Exterminator
Humor : Über Serious

Michael Lewis on Exposing Wall Street’s Biggest High-Tech Swindle Vide
PostSubject: Michael Lewis on Exposing Wall Street’s Biggest High-Tech Swindle   Michael Lewis on Exposing Wall Street’s Biggest High-Tech Swindle Icon_minitimeThu Apr 24, 2014 3:03 am
Author Michael Lewis’ newest book, Flash Boys: A Wall Street Revolt, topped  The New York Times bestseller list a week after release, and a screen version is rumored to be in the works with bigwig film producer Scott Rudin, whose long list of credits includes There Will Be Blood, The Girl with the Dragon Tattoo, and Lewis’ book about the Oakland A’s, Moneyball.

Michael Lewis on Exposing Wall Street’s Biggest High-Tech Swindle Michael-lewis-inline-660x550

Flash Boys explores the world of high-frequency trading, a scheme in which traders use ultra-fast network connections to sniff out the intentions of other, slower traders, thereby acting before others can respond. Critics of the practice–Lewis chief among them–argue that high-frequency trading creates something akin to insider trading: a predatory environment for less advantaged investors. WIRED spoke with Lewis at an event organized by Live Talks in downtown Los Angeles.

WIRED: The central character in your book, Brad Katsuyama, calls today’s stock trading system “a Pandora’s box of ridiculousness.” What does he mean?

Lewis: Right now there’s vast amounts of financial intermediation that doesn’t need to happen. You have technology innovation being dreamed up to create misunderstanding, to create an advantage for insiders. What’s going on in the stock market is a reprisal of the madness that preceded the credit crisis, where you had people dreaming up instruments, like collateralized debt obligations, not to make the risks in our financial system more transparent, but to obscure them.

More: http://www.wired.com/2014/04/michael-lewis-on-how-the-geeks-rigged-the-stock-market/
_________________
Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann
Back to top Go down
 

Michael Lewis on Exposing Wall Street’s Biggest High-Tech Swindle

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-
 :: 

Anarcho-Capitalist Categorical Imperatives

 :: 

AnCaps' Laissez-faire Free Trade Zone
Index, Portal, Induct Yourself Here, Forum Technical Non-Assistance, Philosophy & Religion, Realpolitik Statism & Bureaucracy, Law & Order, Rights Individualism & Lifestyles, Laissez-faire Free Trade Zone, Science Technology & Environment, Psychology Edumbcation & IndoctriNation, Culture & Art, Ancapdemia's Ebony Basement, High Octane One-on-One Debate, Celebrate Evildoers' Inadvertent Contributions to Ancap Values, Idiot of the Week Award Nominees Are, Humor, Freestyle Miscellaneous, Ancaps Emporium, OZschwitz Slave Pen Downunder Boutique, Anarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist,Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy, Market Anarchism, Volunteerism, Libertarian anarchism,
Forum create on Forumotion | ©phpBB | Free forum support | Contact | Report an abuse | Forumotion.com