The crypto billionaire known as SBF to the cool kids seems to have started his career as a philosopher and then made his billions, all by the time he was 30.
fiber cable and allowed their electronic trades to go through faster than everybody else s. here s how it was explained on 60 minutes. the first places orders were lands was the bats exchange across the river in weehawken, new jersey. high frequency traders were lying there in wait. oh my god. that s how i m being front runned. i m being front runned because my signals gets to the ek change first and beat me to all the other exchanges. it only took a tiny fraction of a second for brad s trade to reach the next exchanges on the network. but the high-speed traders were able to jump in front of him by, buy the same stock and drive the price up before his order arrived. producing a small profit of just one or two pennies. but it was happening to everyone s trades millions of times a day. brad s story is told in the new book flash boys: a wall street revolt by michael lewis. please welcome brad. brad, this story has just blown up all over america.
not have. is this a resource issue? is this ultimately going to be the veterans administration, elsewhere in the government, the pentagon, spending more dollars to be able to put their arms around our returning veterans? well, i m taken back, david, in the 21st century that we know so little about the brain. so i think the president s initiative with respect to brain mapping is critical. i m involved in a research effort at nyu to look at the ability to determine biomarkers, voice patterns, blood measurements that would indicate both posttraumatic stress and tbi as a problem. so this really is a national resource issue. one that, again, i m surprised we know so little about in the 21st century, and i think we need to do a lot more to try to understand the brain and how these injuries affect our young people who have done so much for our country and that we really have to take care of in the
war, it s a time of great stress for our military. we ve been through a lot. and as we come out of these wars and come back home, i think just what i ve seen in this particular example indicates the mix of characteristics and issues that are associated with that stress. to include anxiety and depression, possible posttraumatic stress, mild tbi, dealing with financial and personal problems. i think our force, because it s been away so much, has not had to deal with those as directly as they may have in the past. and now that we re going to be home more, i think we re going to see actually an increased number of challenges associated with that. we all need to wrap our arms around the force to help them deal with those. i ll follow up on that but i want to stick to the security issue itself because when something like this happens, there is in part a debate over guns, over security, over tightening up the internal
arming anybody that s on base. i think that actually invites much more difficult challenges. i think we ve got to get at the issues that are singled out in this particular incident with respect to the individuals. certainly, we have to do everything we can to protect everybody that s on base. and i m sure this incident will cause secretary hagel to review those procedures, but i would be much more in the camp of fixing it that way and focusing on the individuals than routinely allowing arms on any base, military base in the country. admiral, you talked about the country putting our arms around our returning veterans. i go to a lot of sports games. a lot of hockey games where you see several breaks during the game to pay tribute to those returning heroes. everybody s on their feet, standing ovation.