Book*Sense
ASIN: B00JPVQE4Q
Publisher: unknown
Pages: 25
Flash Boys: A Wall Street Revolt by Michael Lewis | Summary & Analysis
This is a Summary & Analysis of Flash Boys: A Wall Street Revolt by Michael Lewis. Why it is that the only person arrested after the financial crisis of 2008 is a computer programmer ultimately being prosecuted by the same large company that was involved in the financial crisis to begin with?
In our analysis, we explain the changes that occurred in the regulation, technology, and business structure in Wall Street that made the environment ripe for collapse. Lewis also shines a light on HFT in the Flash Boys, the ones truly responsible for the breakdown of the system if any one group of people can be. However, what high frequency traders did was in no way illegal. It was not even frowned upon until someone conceived a way for traders to do so on a very large, very controllable scale. For years there have been ...