Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.
Michael Lewis has made a name for himself tackling complicated problems in his books like "The Big Short," about the build-up of the U.S. housing bubble and "Money Ball," about the Oakland A's data-driven approach to the game of baseball.
His latest book, "Flash Boys: A Wall Street Revolt," tells the story of Brad Katsuyama, a banker from Canada, who's discovered that the stock market is rigged by traders — known as high-frequency traders — who set up their computers to preempt other trades by milliseconds.
Just days before Lewis's book came out, New York's Attorney General announced he was looking into the practice. Since the book hit shelves last week, the FBI and the U.S. Justice Department have announced their own investigations.
Michael Lewis joined Take Two to talk about the allegations and what that reaction's meant for the book.