Will this story put laws into place? - San Diego, California Talk Radio Station - 760 KFMB AM - 760kfmb

The Armstrong & Getty Show

Will this story put laws into place?

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In a story on "60 Minutes," author Michael Lewis claims that Wall Street has transformed into a conduit where people who do the actual trading of stocks, bonds, etc., on the market are making fractions of a penny at millions of trades per second. This claim also stipulates that offers for tickets, for example, on StubHub, will display $20/ticket. You choose that, but in a matter of seconds, by the time you're ready to checkout, the price goes out without your knowledge.

Follow AM 760's Armstrong & Getty as they decipher how this industry has changed for the better in regard to straight-up greed and how they should go back to paper trading.

http://ftpcontent.worldnow.com/kfmbam/podcast/audio/760_audio_clips_11734.mp3

 

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