pspguy28 (December 31, 1969 at 4:59 pm)

Milken has NOTHING to do with the subprime meltdown. He's been banned for live from the securties industry since 1990, so he couldn't have done anything to cause our current economic crisis even if he wanted to.

NewspointsTV (December 31, 1969 at 4:59 pm)

Looks like it's pretty obvious who needs to do the learning. Milken did not "cheat" his clients. To the contrary, he gave them the opportunity to earn capital to get into a market many had been traditionally excluded from by the elitist club of "old school" wall street banks and law firms. Those very banks and law firms would have none of that, but Milken didn't care. He's still worth billions, and helped others to make millions that they actually WORKED for. Free enterprise at its best!

NewspointsTV (December 31, 1969 at 4:59 pm)

"Den of Thieves" was written by the same WSJ reporter who was a puppet for the "old school" wall street banks and wall street law firms who were out to destroy Michael Milken for shaking things up by giving so many others the opportunity to obtain capital and get into the market. The "old school" people would have none of that because they were the truly greedy ones who balked at the chance that those who were not in their elitist club might get a chance to actually EARN their millions.

frenchygr (December 31, 1969 at 4:59 pm)

completely amazed at his intellect, truly a one man industry in the 80s. BUT read "Den of Thieves" before saying Milken was completely innocent. Pretty obvious that he broke numerous laws to enrich himself. Not surprising in the 80s. to the extent that it was a witchhunt, I doubt it. Rudy had political ambitions but Milken was guilty and as the "Junk Bond King" was a huge windfall for reigning in isider trading. Simply put,. the faith of the markets had to be restored,even if the king fell

philofiend (December 31, 1969 at 4:59 pm)

Are you kidding? Milken pleaded guilty to six felonies going well beyond "merely financing corporate mergers and acquisitions and trying to reduce the tax liability of his clients" into market manipulation, bribery, conspiracy and fraud. He had been charged with about 100 counts. He was always out to enrich himself, and mainly strong-armed and cheated his clients. You seem to have bought into his massive PR effort, and could do well to "learn something," yourself.

nj2lascum (December 31, 1969 at 4:59 pm)

Please do research on this area you claim to have knowledge in. The latest meltdown has nothing to do with leveraged buyouts or high-yield bonds. Only the latter being something Milken innovated. His "scams" involved merely financing corporate mergers and acquisitions and trying to reduce the tax liability of his clients. Learn something.

gardier (December 31, 1969 at 4:59 pm)

This is the guy who was the victim of a witch hunt led by the D.A. and adulterer Rudy Giuliani, which subsequently catapulted him to being elected mayor, who then used the 9/11 tragedies to further advance his career which now includes Presidential candidate. The latest economic meltdown has nothing to do with the financial instruments that Milken made so popular. It has everything to do with the poor timing of lax lending parameters coupled with a boom and crash in the housing market.

opie73 (December 31, 1969 at 4:59 pm)

So this is the guy who created the scams one step ahead of the SEC that inspired the lastest meltdown. God? No-- Thief. The little games of his ilk are going to lead to catastrophe.

wazupyoyo (December 31, 1969 at 4:59 pm)

the junk bond guru. anyone got more of his vids?

TENNISCHAMP98 (December 31, 1969 at 4:59 pm)

I second pauldeo opinion. I wish I can meet him some day. If anyone has any of his video. Please share !