Headline on the Bloomberg.
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And all because of a 60 Minutes story? Wow. All CBS really wanted was to promote their advertisers … well done chaps.
And well done too Michael Lewis. The guy knows how to write a good yarn. I loved Liar’s Poker.
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ADDED – It appears the FBI isn’t just jumping on the populist bandwagon. This Financial Times article from this time last year:
The FBI has joined securities regulators to tackle the potential threat of market manipulation posed by sophisticated computer trading strategies that have taken markets beyond the scope of traditional policing.
From March 2013. In the Financial Times (gated, but can be read with a free registration)
