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Heroes and Villains: Stories Behind the Flash Crash feat. Liam Vaughan
On May 6, 2010, the global financial markets went into a tailspin suddenly and simultaneously. The event was known as the “Flash Crash,” the fastest drop in stock market history. Reports document a loss of a trillion dollars in valuation that occurred in just five minutes. Liam Vaughan, an investigative reporter with Bloomberg and Businessweek magazine in London, talks about this in his book Flash Crash.Listen as Liam and Greg talk about Navinder “Nav” Singh Sarao, the bedroom day trader who would make and lose millions during this time. Get to know this gifted trader who played the markets…
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