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VIDEO: Why Michael Lewis says the stock market is rigged

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Posted at 12:48 PM, Mar 31, 2014
and last updated 2014-03-31 12:48:55-04

(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.