Take Two®

News and culture through the lens of Southern California. Hosted by A Martínez

Michael Lewis: 'Flash Boys' shows how Wall Street is rigged by high-frequency trading

by Take Two®

81987 full
Michael Lewis, a financial journalist and author, participates in a discussion in the Newsmaker Series of talks at George Washington University on April 4, 2014 in Washington, DC. Lewis's latest book, "Flash Boys: A Wall Street Revolt," tells the story of the Canadian banker who uncovered the underhanded and illegal practices carried out by some high-frequency traders on Wall Street. T.J. Kirkpatrick/Getty Images

Michael Lewis has made a name for himself tackling complicated problems in his books like "The Big Short," about the build-up of the U.S. housing bubble and "Money Ball," about the Oakland A's data-driven approach to the game of baseball.

His latest book, "Flash Boys: A Wall Street Revolt," tells the story of Brad Katsuyama, a banker from Canada, who's discovered that the stock market is rigged by traders — known as high-frequency traders — who set up their computers to preempt other trades by milliseconds. 

Just days before Lewis's book came out, New York's Attorney General announced he was looking into the practice. Since the book hit shelves last week, the FBI and the U.S. Justice Department have announced their own investigations.

Michael Lewis joined Take Two to talk about the allegations and what that reaction's meant for the book.

blog comments powered by Disqus

Enjoy Take Two®? Try KPCC’s other programs.

What's popular now on KPCC