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Flash Boys: A Wall Street Revolt
Hardcover - English

Flash 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.

The characters in Flash Boys are fabulous, each completely different from what you think of when you think "Wall Street guy." Several have walked away from jobs in the financial sector that paid them millions of dollars a year. From their new vantage point they investigate the big banks, the world's stock exchanges, and high-frequency trading firms as they have never been investigated, and expose the many strange new ways that Wall Street generates profits.

The light that Lewis shines into the darkest corners of the financial world may not be good for your blood pressure, because if you have any contact with the market, even a retirement account, this story is happening to you. But in the end, Flash Boys is an uplifting read. 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.

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ADDITIONAL INFO

ISBN
0393244660
EAN
9780393244663
Publication Date
31/03/2014
Pages
288
Dimension
23.62cm x 16.26cm x 2.79cm
Age Group
NA to NA
Grades
Not Applicable to Not Applicable
Lexile Level
0
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About Author

Lewis, Michael
Michael Lewis is the author/Co-author of seven books, including A Guy Walks into a Bar..., The Films of Harrison Ford, The Films of Tom Hanks, and The Cheapskate's Guide to Walt Disney World. He works as an editor, primarily of books about popular culture. He lives in New Jersey and his favorite Beatles song is "A Day in the Life."






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