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Stock Market Is Rigged, Explains Michael Lewis On '60 Minutes'
Published on Mar 31, 2014
*The U.S. stock market is rigged, with elite traders buying access to a high-speed network that allows them to figure out what you've just ordered, order it first, then raise the price before your order is complete.
And according to Michael Lewis, author of a new book about high-frequency trading called "Flash Boys," this form of "front running" is completely legal.
"The insiders are able to move faster than you," Lewis said on "60 Minutes" on Sunday night...* The Young Turks host Cenk Uygur breaks it down.
*Read more here from Ed Mazza at The Huffington Post: http://www.huffingtonpost.com/2014/03...
**********
The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET
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