The Presidential Daily Brief

intriguing

  1. New Book Exposes Dark Side of Wall Street

    “The United States stock market, the most iconic market in global capitalism, is rigged,” according to Michael Lewis, whose new book, Flash Boys, hits the shelves today. According to the financial journalist, high-speed traders use legal supercomputers to make billions of trades a second, cutting in front of regular investors. Some traders have refuted the claims, arguing that high-speed trading is a natural market evolution and that Lewis is simply Wall Street’s boy who cried wolf.

    Sources: Bloomberg, International Business Times

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