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Reply #65: I believe the junk bond king, michael milken [View All]

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newspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-07-11 10:24 AM
Response to Reply #52
65. I believe the junk bond king, michael milken
got a light sentence from the judge, because he was so talented and that we need talented guys like mike. :puke: I have a great book called "the predator's ball" about that time. And it is very enlightening, why we are in this mess today. Before mike's junk bonds, investors had to put real assets on the line-then the junk bonds-it made it easier for investors to raid healthy american companies-raiding companies like simplicity patterns, revlon and they even attempted a raid on disney. They raided companies that were in the black, stripped them of the wealth and then sold them to the highest,some foreign bidders. Those employees in the companies, some generational, lost their decent jobs and their pensions. It was a shark frenzied greed fest. Michael milkin and his ilk have greatly aided in the meltdown of responsible corporations and labor in this country. And now, i believe mike and neil * (s&l theft, since he can no longer work in the banking industry) are in the education industry. Both, have been more rewarded for their corruption, while harming millions of people.
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