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Flash Boys : A Wall Street Revolt (Paperback) (Michael Lewis)
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"Guaranteed to make blood boil."—Janet Maslin, New York TimesIn Michael Lewis's game-changing bestseller, a small group of Wall Street iconoclasts realize that the U.S. stock market has been rigged for the benefit of insiders. They band together—some of them walking away from seven-figure salaries—to investigate, expose, and reform the insidious new ways that Wall Street generates profits. If you have any contact with the market, even a retirement account, this story is happening to you.
?Guaranteed to make blood boil.??Janet Maslin, New York TimesFlash Boys is about a small group of Wall Street guys who figure out that the U.S. stock market has been rigged for the benefit of insiders and that, post?financial crisis, the markets have become not more free but less, and more controlled by the big Wall Street banks. Working at different firms, they come to this realization separately; but after they discover one another, the flash boys band together and set out to reform the financial markets. This they do by creating an exchange in which high-frequency trading?source of the most intractable problems?will have no advantage whatsoever. Here are people who have somehow preserved a moral sense in an environment where you don?t get paid for that; they have perceived an institutionalized injustice and are willing to go to war to fix it.
Number of Pages: 304
Genre: Business + Money Management
Sub-Genre: Finance, History
Publisher: W W Norton & Co Inc
Author: Michael Lewis
Street Date: March 23, 2015
Item Number (DPCI): 247-02-0124