A License to Steal: The Untold Story of Michael Milken and the Conspiracy to Bilk the NationThis sobering, at times terrifying tale reveals how Michael Milken, calling upon questionable financial backers and enrolling the influence of powerful figures in journalism, academia, and politics, convinced an eager--and greedy--nation that junk bonds were the key to untold wealth. Now Stein details how Milken became so powerful, who helped him, and how his junk-bond operation really worked. |
Contents
Introduction | 12 |
TWO THE MESSIAH | 28 |
THREE THE NETWORK | 43 |
Copyright | |
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A License to Steal: The Untold Story of Michael Milken and the Conspiracy to ... Benjamin Stein No preview available - 2019 |
Common terms and phrases
accounting Altman American assets Bank Beverly Hills borrowers bought business school California capital captive Carl Lindner cash Charles Keating corporate coupon deals debt default rates depositors dollars Drexel Burnham Lambert Drexel issues Drexel junk Drexel players Drexel world Drexel/Milken Duff & Phelps Edward Altman Enstar entities equity Executive fact Federal Savings Federal Savings Association federally insured S&Ls fees fiduciary firm Fred Carr Grassgreen and Mendel greenmail high yield huge insider trading insurance companies interest rates investment investment-grade bonds investors issuers Ivan Boesky junk bonds Kinder-Care Laurence Tisch lawyer Lindner losses major Meshulam Riklis Michael Milken Milken bonds Milken junk Milken players Milken world million overfunded paid partner pension funds percent policyholders portfolio Posner profit rates of default Riklis S&Ls Saul Steinberg Savings and Loan securities selling Spiegel Spogli stockholders takeover taxpayers Tisch Wharton