you can see all the ugly stuff that gets caught in them, including like dead bodies. and that s how i feel like that the water went down so much and everybody was like, that s bernie madoff down there. a wall street wiz with a golden reputation. bernie madoff earned trust from many of his clients because he made the money. lots of it. or so they thought. bernie madoff was a modern day dr. jekyll and mr. hyde. he had a legitimate life that was highly successful, and he had this darker secret that fed his need for success. madoff allegedly had been using new investment money from clients to pay supposed profits out to other investors. under the weight of a tumbling stock market, the scheme had
collateral for the loan and in return the company issues ious. because it s so risky, they carry high interest rates and called junk bonds. you may not have heard of michael milken, but this 40-year-old wall street wiz is said to be the most powerful financeur in america. he brought respectability to junk bonds and used the money for corporate raids and takeovers. without mike milken, they couldn t have rated gulf, union and phillips petroleum. he said if you want to take over gulf, it s going to cost $13 billion. he said i can get the $13 billion. he s the guy that t boone pickens goes to. i don t know has heard of him. here doesn t care about publicity. he just cares about doing deals and having power. he was the shadowy figure
post 11 of the 15 tweets that president trump sent post-inauguration attacking intelligence of individuals 1 1 of the 15 about black men and women. looking at the lifetime, it s we are back with the conflict of interest watch. much more diverse. a scathing new report of right. but focused since becoming president, it s more commerce secretary wilbur ross, disproportionately black. a watchdog group demanding the he won t call out alex jones inspector general investigate by name or the leaders of that possible conflict of interests. 25-person rally yesterday by name. we have the legend gary wall it is amazing to me that well, not amazing. street genius wilbur ross here, the president of the united states has a bad view of black our secretary of commerce. reporter: he s a wall street people and probably a racist. wiz. with the kind of wealth the if he is not he is in league with racists because he doesn t president finds appealing. in those particular stop using phrases l
there are new details tonight about what may be the largest swindle in wall street history, an alleged $50 billion ponzi by bernard madoff. when you have a collapse on wall street, i think of it as the later going out of a lake or something, and suddenly you can see the roots of those trees and all the ugly stuff that gets caught in them, including like dead bodies, that s how i feel like that the water went down so much and everybody was like that s bernie madoff down there. a wall street wiz with a golden reputation. he earned trust because he made them money, lots of it. or so they thought. he had a legitimate life that