in Marginalia

Michael Lewis on stock market manipulation


If Wall Street analysts and fund managers and corporate CEOs who appear on CNBC and CNNfn to plug stocks are not guilty of seeking to manipulate the market, what on earth does it mean to manipulate the market?

— Michael Lewis in 2001 book, the future just happened: The book of the major BBC TV series, the first chapter of which dealt with Jonathan Lebed, who as a teenager, used several online identities on Yahoo Groups to promote stocks and was later penalized by the US Securities and Exchange Commission [See: Michael Lewis, Jonathan Lebed]


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