–LEWIS TALKS TO STEVE KROFT on "60 Minutes" tomorrow. The segment, "Rigged," is produced by Draggan Mihailovich: "The U.S. stock market is rigged in favor of high-frequency traders, stock exchanges and large Wall Street banks who have found a way to use computer-based speed trading to gain a decisive edge over everyone else, from the smallest retail investors to the biggest hedge funds, says Michael Lewis … The insiders’ methods are legal, but cost the rest of the market’s players tens of billions of dollars a year …

"[Lewis says high-frequency traders are] ‘able to identify your desire to buy shares in Microsoft and buy them in front of you and sell them back to you at a higher price … The speed advantage that the faster traders have is milliseconds — fractions of milliseconds." 29-second clip goo.gl/WQEas0

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