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The Story

The Hound of Hounslow and the Flash Crash

The Story

The Times

Politics, News Analysis, Investigative Reporting, Exclusive Interviews, Long-form Audio, In-depth Journalism, Audio Storytelling, Current Affairs, Global News, Uk News, Daily News Podcast, Unknown, Daily News, News

41.5K Ratings

🗓️ 4 May 2020

⏱️ 34 minutes

🧾️ Download transcript

Summary

An extraordinary story about the man who helped trigger one of the biggest financial crashes in US history - ten years ago this week - from his bedroom in a West London semi-detached house.

 

Guest: 

Liam Vaughan, journalist and author of Flash Crash.

 

Host: Manveen Rana.


Clips:

Bloomberg, CNBC, BBC.



Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Ten years ago this week the world witnessed one of the biggest financial

0:06.6

crashes in history. What the heck is going on down here? I don't know. There is

0:11.5

fear. This is capitulationulation really I mean it is classic

0:14.6

capitulation there is fear in this market you can take a look in just half an hour a trillion

0:19.4

dollars was wiped off the US stock market. Now, now I got a, let's pull P&G back up.

0:26.0

All right, it was down what, 23%, then four minutes later it was down 24%.

0:31.0

But when the authorities investigated the cause of this global market meltdown, the story became even more astounding.

0:39.0

You're listening to stories of our times, from the Times and the Sunday Times.

0:44.8

I'm Manveying Rana.

0:47.1

Today, the Hound of Houndslow and the Flash Crash. crash. I'm Darren Brown. I've made a career out of learning the inner workings of a brilliantly messed up brains.

1:08.0

So together with the help of powerful human stories, expert advice, and the odd experiment will help you wrestle control over

1:16.7

your life, fears and emotions.

1:21.0

The complete Derram Brown boot camp series,

1:23.4

Listen now on audible.

1:25.4

Subscription required, see audible.

1:27.3

co-dotuk for terms.

1:29.2

This is a passenger announcement. You can now book your train on Uber and get 10% back in credits to spend on Uber eats.

1:41.0

So you can order your own fries instead of eating everyone else's.

1:45.0

Trains, now on Uber. T's and C's apply. Check the Uber app. At 6 o'clock in the morning on a cold April day in 2015, two FBI agents, two prosecutors from the Department of Justice and half a dozen police officers

2:05.6

rendezvooed at a McDonald's near Heathrow Airport. After discussing the plan

2:12.2

one last time they entered the streets of Hounslow and

2:16.8

drove to a fairly standard looking suburban address, a semi-detached house in suburbia with net curtains and a satellite dish outside,

...

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