Fast money: the battle against the high frequency traders
A 'flash crash' can knock a trillion dollars off the stock market in minutes as elite traders fleece the little guys. So why aren't the regulators stepping in? We talk to the legendary lawyer preparing for an epic showdown Come visit best blogger business in this year www.instinctshare.blogspot.com http://www.theguardian.com/business/2014/jun/07/inside-murky-world-high-frequency-trading by Andrew Smith Computers monitoring trading `The capacity to bankrupt the entire operation is immense. And the fact that it can happen faster than a human can step in and pull the plug keeps me up at night.? Photograph: Peter Hoffman for the Guardian Back in the 1990s, when doctors had all but given up on holding the American tobacco industry to account, the lawyer Michael Lewis found an ingenious way through their defences. If juries couldn't see past individuals' responsibility for their habit, he reasoned, why not sue on behalf of individual states and their smoke-burd