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BobForehead (December 31, 1969 at 4:59 pm)
This undermines any possible credibility your entire organization might have had going for it. This man belongs in prison, not on a lecture tour. His warped, post-Keynsian sophism is neither instructive nor illuminating, it is fiat-capitalist Malthusian snake oil being touted as dynastic philanthropism.
GetMeThere1 (December 31, 1969 at 4:59 pm)
All the dirty dealings that ultimately put Drexel out of business came from Milken's department. Furthermore, when investigations began, Milken dug in his heels and wouldn't even cooperate in-house with Drexel management. There are no doubt MANY dirty dealings Milken was involved in that we will never know about--but we certainly DO know that he was at the epicenter of Drexel's downfall--and that he and Boesky were holding hands whenever they had their dirty fingers in other's pies....
MortalAndKnowingIt (December 31, 1969 at 4:59 pm)
guliani when guliani offered boesky a slap on the wrist in exchange for something that could hurt Milken and DBL ... many old companies were taken over and torn apart by younger companies like KKR and T-Boone Pickens ... Milken was never an insider trader, thats something that boesky told guliani and he bought it ... milken created by himself hyper liberal capitalism and he gave the small guy a chance to play it big ... and thats why he got thrown to jail .. so WS could consolidate itself ..
MortalAndKnowingIt (December 31, 1969 at 4:59 pm)
no you check you facts .... the story about milken goes like this ... he invented by himself a junk bond market which allowed medium size companies who were not rate investing suitable to finance themselves by that process .... and that pissed of a lot of big industrialist who got wiped out by the younger crew trough LBOs ...and drexel-burnham-lambert was becoming bigger by the day and that threatened old WS IBs like ML GS etc ... and the case against milken was made solely on what boesky told
kipptumor (December 31, 1969 at 4:59 pm)
turd
fakeymailfakey (December 31, 1969 at 4:59 pm)
Yeah I'm with the CartoonFanatic1. Having read the book, "Payback" by Daniel Fischel, I gained a perspective of Milken as an incredibly innovative and capable guy who got steamrolled by an ambitious Rudy Giuliani and Wall Street establishment. He was just too successful and made too much money for his own good, it seemed, such that lots of people were seeking for him to fail.
fakeymailfakey (December 31, 1969 at 4:59 pm)
I'm inclined to agree.
Monchanger (December 31, 1969 at 4:59 pm)
Greedy capitalists destroyed the economy, silly. Not the socialist leftists. Pay attention.
GetMeThere1 (December 31, 1969 at 4:59 pm)
Yeah, right. You can say anything you want--what does it prove. Check YOUR facts.
CartoonFanatic1 (December 31, 1969 at 4:59 pm)
Milken was not ever convicted of racketeering. He was overcharged because Rudy Giuliani (then US atty for New York) wanted to jump start his political career. Today, Giuliani even admits he was wrong and strongly believes Milken should be pardoned. He did so much good and made a lot of people's lives better and then had his name dragged through the mud by the truly greedy in our society. |
