leveraged buyout. the company borrows the money, using its assets as collateral for the loan. and the company issues ious. because it's so risky, those ious carry high interest rates, and they're called junk bonds. >> you may not have heard of michael milken, but this 40-year-old wall street whiz is said to be the most powerful financier in america. he brought respectability to low rated junk bonds and then used the money to finance corporate raids and takeovers. without mike milken, pickens couldn't have raided several companies. >> he said if you really want to take over gulf, it's going to cost you $13 billion. i said, yeah, i get it. and he said, i can get the $13 billion. >> he's the guy that t. boone pickens goes to and most people haven't heard of him. >> that's the way he likes it. he doesn't care about publicity and pride. he just cares about doing deals and having power. >> he was this shadowy howard hughes-like figure that you
Related Keywords
Wall Street , Safe Deposit And Trust Company , Loan , Junk Bonds , Ious , Bond Department Michael Milken , Assets , Interest Rates , Collateral , Buyout , Issues Ious , 40 , Us , Takeovers , Mike Milken , Financier , Respectability , Raids , Whiz , Pickens Couldnt Have , Companies , 13 Billion , 3 Billion , Way , Guy , Power , Deals , T Boone Pickens , Figure , Pride , People Havent Heard , He Doesnt Care About Publicity , Howard Hughes ,
comparemela.com © 2020. All Rights Reserved.