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>> you may not have heard of michael milken, of the investment firm of drexel burnham lambert incorporated, 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, t. boone pickens couldn't have raided gulf, unical and phillips petroleum. >> 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 never saw, you just heard.

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