Michael Lewis

And the mere fact of doing it was a radical act.

And the reason people are so upset is if you back away from it.

So high-frequency traders are essentially making money for the whole Wall Street system.

They're paying exchanges, they're paying banks.

So anybody whose livelihood is dependent on Wall Street profits, which partly includes the SEC, since people quit the SEC to go work for Wall Street,

is sort of invested in this.

And I think a lot of this, it sounds like a conspiracy.

When you look at how it lays out now, it looks like a conspiracy exists to keep buyers of stock away from sellers of stock so these people can insert themselves artificially in between.

But it was largely accidental, but then the money started getting made, and the conspiracy is preventing the change.

You know, that would be in a sane world, right?

Right.

That's what you would do.

You would just say that nobody's going to get the information about prices faster or be able to trade faster than everybody else.

You'd set a high speed.

You wouldn't make it like you have a half hour.

Like you get, you make it fast.

Yeah, you make it really fast.

So they make it really fast.

It's all imperceptible.

The speeds we're talking about are imperceptible to human beings.