Street figures in america. His name was Michael Milken. He was famous for figuring out a new and ingenuous, and it turns out illegal way for Wall Street traders to get even more fantastically rich used something called Junk Bonds to stage corporate takeovers. You dont need to understand the financial intricacies of the Junk Bond Scam to know the kind of character Michael Milken was. Do you remember the movie Wall Street, michael douglas, the Lead Kericer in Wall Street, greed is good . That was based on Michael Milken. Milken, a Wharton School Graduate who lives in clark gables former home in encino, california, and is driven to work in a mercedes bends, has been praised by some as a brilliant visionary and assailed by others for triggering a massive hostile takeover that piled up corporate debt while generating huge fees for drexels young and aggressive traders. Michael milken was charged for fraud and racketeering. Charged with him was his brother and a former trader for drexel. The
A new and ingenious and, it turns out, a legal way for Wall Street traders to get even more fantastically rich, using junk bonds, to stage corporate takeovers. And you dont need to understand the intricacies of this Junk Bond Scam to know the kind of character he was. Do you remember the movie Wall Street . Michael douglas, greed is good . That was based on Michael Milken. This is how the post described him on the day he was finally indicted. Quote, milken, a Wharton School graduate, who lives in Clark Gables former home in california, and drives to work in a mercedes benz, has been praised by some as a Brilliant Visionary And Assail by others for triggering a wave of hostile takeovers while generating fees for young and aggressive traders. He did that, and then the law showed up. The king of junk bonds, Michael Milken, was indicted today on charges of fraud and racketeering. Charged with him in the indictment was his brother and another former trader for russell burner lambert. Im of
Night chat with you, but as i understand it, correct me if im wrong, i believe your weekend officially begins when i say good night rachel. 47, 48, 49, 50. Good night, rachel. Thanks, lawrence. Good night. Bye bye. Well the Biden Harris Administration completed six full months in office this Week And Tonight the biden Harris Agenda faces challenges, its biggest challenges in the united States Senate. Now, no president in history served in the senate longer than Joe Biden and no president in history has understood the senate that he is dealing with better than Joe Biden understands his current senate. Joe biden said this week that in effect the senate is broken. He said that the rule on the 60 Vote Threshold is no longer working the way it was supposed to. And he said he supports a change in that rule, but some people think they heard him say there should be no change in the Senate Rules. But what i heard Joe Biden say indicates that he will support a change in the Senate Rules probably
By by. Biden Harris Administration completed six months for months in office this Week And Tonight they face their biggest challenges in the united States Senate. No no president in history served in the senate longer than Joe Biden, And no president in history has understood the senate that he is dealing with better than Joe Biden understAnds his current senate. Joe biden said, this, week that in effect, the senate is broken. He said the rule on the 60 Vote Threshold is no longer working the way was supposed to. And he said that he supports the change in that rule, but some people think they heard him say there should be no change in the Senate Rules. When i heard Joe Biden say indicates that he would support a change in the Senate Rules, probably for voting Rights Legislation after he has accomplished what he can in the senate under the current rules. In that sense, the biden Infrastructure Bills And Voting Rights bills are strategically linked. Joe biden believes that he cannot come