firm 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 gulf, and phillips. 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 he doesn t care about pride. all he cares about is making money, doing deals and having power. he was this shadowy howard hughs like figure that those of us in the press never saw, you just heard. it s milken.
assets. and the company issues ious. because it s so risky, those ious carry high interest rates, 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 used the money to finance corporate raids and takeovers, without mike milken, pickens couldn t have raided gulf, unocal 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 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. all he cares about is making money, doing deals, and having power. he was this shadowy figure that those of us even in the