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
We will have details and live reports from london and rome. Later, millions of people are under severe Heat Warning in the western u. S. The extreme temperatures are fueling wild fires across nearly a dozen states. A celebration more than 50 years in the making. Italy is once again lifting the trophy as European Football champions after their win over england in a dramatic Penalty Shootout. Thundering cheers from this crowd in rome as they claim the first major title in 15 years sunday and their first European Championship since 1968. Those celebrations repeated in cities across italy from milan down to naples. England fans left Wembley Stadium in london, they hoped their team would finally end their lost quest for a major international title. It was not to be. And we are tracking all the but first we head to world Sports Alex thomas for more on this dramatic final. Good to see you. What a game. Talk us through the highlights here. Rosemary, it was 55 years between the two times that e
police officer, a father of seven children, the youngest just 7 years old. he was the first police officer to arrive at the scene. 21-year-old ahmad alissa is in custody, one week to the day a different gunman shot people in atlanta. the nation hadn t yet begun to heal from that tracks din before being hit with the second. our collective grief addressed in remarks by president biden earlier today, who called for immediately action, including a ban on assault weapons. less than a week after the or risks murders of eight people and the assault on the aapi community in georgia, while a flag was still flying half-staff for the tragedy, another american city has been scarred by gun violence and the resulting trauma. i hate to even say it, because we re saying it so off, but my heart goes out. i don t want to wait another minute, let alone an hour, to take common-step steps that would save lives in the future, and urge my colleagues in the house and senate to act. the senate shou
rule of law as one of two major parties a damned abandons it. they re the ones who in fact face a real risk of jail. you know what? notes right. plus, david remnick on the american response to russian aggression and as covid keeps claiming lives, florida picks and you fight with signs. florida s going to absolutely put data as number one in deciding forgive, me are you telling me that the food and drug administration are not experts as to what drugs to prevent what s not to approve? all in starts right now. good evening from new york, i m chris hayes, there is now a trial set. there s gonna be a trial, in the government s case against the far-right extremist gang known as the oath keepers. stemming from the group s involvement in plotting the january 6th insurrection. today, 18 members, the oath keepers, where in virtual court. some of them were just charged with regular old can criminal conspiracies with their involvement in the attack of the capital. their tri