Apr. 6, 2014 Blumbers


Michael Lewis Flash Boys

Michael Lewis has a new book called “Flash Boys.” He appeared on CBS TV’s 60 Minutes and described how Wall Street’s high frequency trading creates a system rigged against ordinary investors. One idea was put forth in the September 28, 2011 New York Times by French foreign minister Philippe Douste-Blazey and promoted by David Brin. They support a small tax or fee on the billions of financial transactions or machine trades made by big corporations every year.

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