VIDEO: Why Michael Lewis says the stock market is rigged

Author Michael Lewis appeared on 60 Minutes on Sunday, March 30, 2014.

Author Michael Lewis appeared on 60 Minutes on Sunday, March 30, 2014.

(WTVR) – 60 Minutes reporter Steve Kroft asked author Michael Lewis about his book with details how Wall Street is fixed to benefit Wall Street banks and high-frequency traders.

Steve Kroft: What’s the headline here?

Michael Lewis: Stock market’s rigged. The United States stock market, the most iconic market in global capitalism is rigged.

Steve Kroft: Who are the victims?

Michael Lewis: Everybody who has an investment in the stock market.

Click here to read more on the 60 Minutes website.

Watch the 60 Minutes report in the video box below. 


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