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@OffGridInvestor Жыл бұрын
You ALSO find out if some relative was lying about their past. 20 years of thinking I was Spanish to then hear actually it was Basque. And it's nothing.... but 6% Scandinavian. Keep in mind of you have ANY Scottish or Irish, that Scandinavian is ACTUALLY VIKING from those countries GENERATIONS ago. Don't expect to find some Swedish great grandmother or something.
@thisisnightshop2037 Жыл бұрын
I can tell by how you present things that you are Asian
@dressleradam Жыл бұрын
Milken's DNA is JEWISH
@FixItStupid Жыл бұрын
Never Give DNA Lies Of Corp Gov....
@evryhndlestakn10 ай бұрын
Rating companies are crooks. Their ratings are a crock. How could the 2008 crisis occur other than the US government allowing it to happen with their free for all for friends of course but how else? Ummm, raging agencies giving fraudulent reports. And when called in front of congress what did they say? "These are only our opinions, we make no recommendations or otherwise & we shouldn't be held responsible for our reports". So what use are rating agencies like that? None whatsoever. Crooks.
@Thommy2n Жыл бұрын
Some people have a face only a mother could love. Milken's got a face only a Stockbroker could love.
@tdog65654 Жыл бұрын
Yes this guy needs to be rich.
@mimi21746 Жыл бұрын
😂😂
@MIMS207 Жыл бұрын
Wow…That’s deep.
@hurlycabalan8675 Жыл бұрын
Just color this guy's face green and he will look like the Grinch 😂
@ByzantineCapitalManagement Жыл бұрын
Dude he looks like a legit evil person. 😂
@wolfheadedconjuror Жыл бұрын
Tip: do not give your genetic data to a shady company who will sell it on to insurance companies etc
@evanthesquirrel Жыл бұрын
My sister bought us 23 and me for Christmas a decade and change a ago. I never would have bought one for myself but I figured what the hell. I regret that decision as I try to leave a smaller and smaller digital footprint these days.
@TheCarnivoreSoprano Жыл бұрын
Exactly. And they use the material for many nefarious purposes. Not to mention they can't trace your ethnicity. It's simply entertainment. They compare your samples to living people not persons that are your ancestors.
@khylerin7010 ай бұрын
Better still, never voluntarily give your DNA out period!!!
@niranjankumarjha40479 ай бұрын
Tip: genetical isn't a word, but genetic is
@GHOST259389 ай бұрын
@@niranjankumarjha4047I wanted to say he might not be a native English speaker, then I read your name lmao 😂
@mdquaglia Жыл бұрын
The fact that Milken was allowed to keep a nickel after his crimes is absurd, disgusting and disheartening.
@FalsePips Жыл бұрын
It’s because he’s rich. Rich ppl can do whatever they want
@arcaneisboring7675 Жыл бұрын
Hate the game not the player yo.
@Darkrezta Жыл бұрын
@@arcaneisboring7675 bullshit. I will hate the game and the player too. if the game is corrupt doesn't mean the evil player somehow absolve to any evilness that they did.
@kenrose2523 Жыл бұрын
crony capitalism at its finest😔
@ashishpatel350 Жыл бұрын
because he is part of the tribe
@jburron Жыл бұрын
The sad part is younger folks think that he’s some sort of Messiah. One should see where the money came from (Nobel, Rhodes) before they became a “pillar of the community”.
@mimi21746 Жыл бұрын
He is, what are you?
@jburron Жыл бұрын
@@mimi21746 added quotes so it’s more obvious.
@rickeyheard44549 ай бұрын
Idk man, I don't think anyone looks kindly on this guy.
@jburron9 ай бұрын
@@rickeyheard4454 you’d be surprised. Was just in LA and all anyone can talk about is how great he is. It’s just unreal. No one cares about history.
@ezbody7 ай бұрын
At least a third of the American (Christian) population are programmed from birth to worship and admire scammers and conmen. Without their support this fleecing of public would be much more difficult.
@TomLisankie Жыл бұрын
Had never heard of this guy before. Thanks for raising awareness
@kingmike40 Жыл бұрын
You must be under 35. Milken was all over the news for months.
@nakternal Жыл бұрын
read "Barbarians At The Gate" it's a great read and Milken is a big part of it. You wont be able to put it down.
@TheCrusher72 Жыл бұрын
Bit before your time if you are in your 20’s - 30’s.
@chaplainsunshine10 ай бұрын
My grandmother lost a LOT of money in junk bonds
@billbarr395210 ай бұрын
@@nakternalalso den of thieves by James Stewart
@tovsteh Жыл бұрын
When the fines are smaller than their earnings, its just means that the rich can pay their way out of justice.
@jameskwon7617 Жыл бұрын
This was big news in the '80s and the inspiration for the movie Wall Street from Oliver Stone (Gordon Gecko was an amalgam of Boesky and other nefarious Wall Street types. The book Den of Thieves also describes this insider trading ring.). I still can't believe Milken has been so "rehabilitated" like this. He was the face of greed in the late '80s. But he made a lot of people rich, and that is being paid back I guess.
@Heyu7her3 Жыл бұрын
Anyone rich can be rehabilitated. Trump... Biden... etc
@OffGridInvestor Жыл бұрын
He still looks like a goblin
@JamesSmith-px3on Жыл бұрын
I didn't much care for these fellows in the 1980's and don't think time has done them any favors. If these guys are to be worshipped as amazing business men for bankrupting the companies they were employed by, then America is truly ran by idiots and douchebags with fancy degrees from prestigious schools. A criminal is a criminal whether it be a regular old check kiter or a fancy suit wearing mafioso pretending to be smarter than the rest of us.
@raymondmckendry2125 Жыл бұрын
The books pretty good.
@Dragon-Believer Жыл бұрын
Milken probably paid for those fluff pieces.
@Joybuzzard9 ай бұрын
No surprised to see that The Milken Institute is a high level member in the WEF.
@connorm41459 ай бұрын
Ain’t capitalism grand
@ClamMan19899 ай бұрын
But but but Trump is gonna save us from them.
@Stoneface_7 ай бұрын
@@ClamMan1989" Drain the Swamp " 😂😂
@Mesozoic_mammal Жыл бұрын
Ah! "Drain the swamp" meant to pardon the financial swamp in prison and let it flow back into society
@DakotaTuttle-k3x9 ай бұрын
He didn’t get him out of jail he wiped his record.
@snorman19118 ай бұрын
Israel first.
@Stoneface_7 ай бұрын
@@DakotaTuttle-k3xTrump literally pardoned a financial criminal. Trump was always part of the swamp
@Stoneface_7 ай бұрын
Trump literally pardoned a financial criminal. Trump was always part of the swamp😂
@st0a6 ай бұрын
Yep, Trump is a HUGE, TREMENDOUS hypocrite. As all politicians are...
@mrrolandlawrence Жыл бұрын
in the uk we have the insurance "miss-selling" scandal. in essence $40bn fraud. which the banks made as hard as possible to get money back from. people are willing to do whatever it takes in return for billions in profit. i have no idea why people are continually surprised by bad things happening.
@jburron Жыл бұрын
Connie Bruck’s “Predator’s Ball” is another great book on this.
@mitenpat Жыл бұрын
Another book is "Den of Thieves" by James Stewart
@SopranoPizzaJMFNJ4 ай бұрын
@@mitenpat Stewart had an axe to grind.
@SopranoPizzaJMFNJ4 ай бұрын
Bruck wrote an amazing book. Unfortunately for you it did nothing to prove that Milken was guilty of anything.
@thesoutheastprincess4 ай бұрын
There is a old book called “den of thieves” that talks about Michael, Ivan and other key players it’s a really good book
@jpanda79 Жыл бұрын
A lot of these billionaires claim to be moral paragons yet are the slimiest people
@cane6074 Жыл бұрын
The reason why they do this because they're compensating for bad behavior, despite the fact that continue do bad things. They feel guilty for their actions but not enough to stop.
@blubaylon Жыл бұрын
@@cane6074I doubt they feel bad about their behaviour
@mimi21746 Жыл бұрын
I don't think anyone of then said so, it's what is in your head.
@mimi21746 Жыл бұрын
Morality in business and markets is not the same morals you are preached to at your church.
@TheCarnivoreSoprano Жыл бұрын
Exactly
@johnstirling6597 Жыл бұрын
He may have earnt billions , but you would think that he could afford a decent toupee on the way up.
@Starborncathedral10 ай бұрын
Or a hair transplant…something.
@jackschitt62359 ай бұрын
He never went back to wearing a wig after he got out of prison
@vambo132579 ай бұрын
it was a disguise for his later life
@yourfellowman119 ай бұрын
This man is photogenically terrifying
@scooby7877 Жыл бұрын
I guess you could say he was Milken them junk bonds
@rorbot_SMF Жыл бұрын
Yup no shortage of udders to choose from.
@jaredfreeland91539 ай бұрын
Just like Bernie Made-off, the hint was in the name all along
@joseph2707 Жыл бұрын
Fantastic video. Such high-quality content.
@Midash2k Жыл бұрын
A few years ago I was the sound assistant at the Milken Global conference... I was responsible for putting microphones on all of the billionaires before they went on stage. Most were too busy talking to their friends to give me 30 second of their time s to put their mic on... one even complained about having to wear a mic... Michael Milken was the exact opposite, he was friendly and always took a minute from his conversation with the other billionaires to allow me to put his microphone on.
@brandodurham Жыл бұрын
That’s a salesman fraudsters mo
@Midash2k Жыл бұрын
@@brandodurham all i'm saying is that he was nice to me... he wasn't selling me anything. i was just putting a microphone on him.
@csanton3946 Жыл бұрын
I just starting binge watching his global conferences and I learned a lot about the investing world. I became a fan of his when I heard him speak, intelligent and soft spoken. I was wondering why I never heard of the guy, seems like he was not worshipped in mainstream media because of the cases he had, but to the investing professionals they had a lot of respect to him. I will always be rooting for Mike Milken, he is underrated how he helped companies financed by seeing te gap between bonds and equity through the junk bonds
@mimi21746 Жыл бұрын
@@Midash2k IKR, one of the most underrated billionaire. In America, from an outsider's view, there seems to be a huge divide between the doers and intellectuals. It's like many intellectuals are envious of the doers and entrepreneurs getting any societal acclaim, because actually the entrepreneurs don't think that much but they get more things done to advance society. Very few billionaires are actually worshipped in mainstream, I don't buy it that billionaires are even appreciated for their risk and grit in mainstream, very much so they have small circles and everyone is blaming them for everything wrong instead of learning from them or trying to partner with them.
@csanton3946 Жыл бұрын
@@mimi21746 exactly, no billionaire is not brutal in some sense. They are competing in the free market where everyone is a participant.
@jmitterii2 Жыл бұрын
Wow, never knew about this one. And the last portion is partly why. Aristocracy has become once again become beyond parasitical to downright dangerous.
@TheSuavest Жыл бұрын
Until the Lion has a historian tales of the Hunt will only glorify the hunter -Unknown
@ktktktktktktkt Жыл бұрын
14:03 Umm ackshually, preferred dividends are not an expense. They are deducted from net income on the income statement to arrive at net income to common shareholders. The dividend paid out is an equity item.
@Simonjose7258 Жыл бұрын
ktktktktktkkt 😂
@gilgamesh310 Жыл бұрын
I’d still say it’s some form of an expense. At least unless it’s paid in stock rather than cash.
@Simonjose7258 Жыл бұрын
Yeah it's still an expense.
@pzyyyy Жыл бұрын
yes milken did wrong and in his case shouldve been fined substantially more but the evolution of junk bonds is something that is very necessary for small companies to grow.
@Sayilswtor Жыл бұрын
This channel is a gem, thanks!
@herogebrial Жыл бұрын
Why cant we all just lie, steal and cheat our way to the top? We do we have to work 50-60 hours a week and barely survive 😢why
@walking_in_the_shade Жыл бұрын
Anybody with a smile like that, shouldn't be trusted.
@andrewphilips24577 ай бұрын
I have a friend that knows Milken quite well. He helped them out immensely when others were slime balls. This was a height of his supposed evil period. Actually they had nothing against Milken after years of trying to prosecute, and he only agreed to their plea because they then came after his elderly parents and family and blackmailed him to accept plea. To say he's more evil than drug lords or pharmaceutical companies that started the opiod crisis is interesting.
@ryans50735 ай бұрын
A guy who knows how to take care of his friends is very valuable
@SopranoPizzaJMFNJ4 ай бұрын
Hear! Hear! This video is disgusting and factually challenged. The issue was Boesky, not Milken.
@likemysnopp Жыл бұрын
I think he looks similar to a cartoon villain with that smile and black eyes. And also a spider. My conclusion that evil people tend to look evil sooner or later does get confirmed over and over again
@TheLazyEconomist Жыл бұрын
The physiognomy check is not a meme, I have learned.
@vincentpapa67939 ай бұрын
Read “Witness to a Prosecution” came out last year. It’s written by Milkens lawyer. Explains all the good he did and how he was railroaded
@SopranoPizzaJMFNJ4 ай бұрын
Great Book & PROVES that Boesky was the real culprit!
@Piedog769 Жыл бұрын
He’s another member of the bad hair club. I wonder if there’s a correlation between suspiciously bad hair and suspicious business dealings.
@PradoTraceAZ Жыл бұрын
What hair?
@ElliottNest4110 ай бұрын
Give him a break. He’s a cancer survivor.
@shawnkennedy85510 ай бұрын
@@ElliottNest41 He was wearing a piece before that.Who cares about his hair.
@jbern21859 ай бұрын
Well, Trump has bad hair and never really had any business dealings. It was all a sham and the money was from his dad who looks like he wore a hair piece as well.
@snorman19118 ай бұрын
There's definitely a link, but you get banned from youtube if you point it out. Hint, check their "early life" details.
@FliesLikeABrick Жыл бұрын
This got sketchy the moment he started getting involved in issuing bonds after he was already involved in trading them. Crazy conflict of interest.
@kenrose2523 Жыл бұрын
He makes Jordan Belfort seem like a saint by comparasion.
@walking_in_the_shade Жыл бұрын
Comparison
@snex0009 ай бұрын
Belfort's schemes had actual victims.
@Pipping-Hot5 ай бұрын
Not Even Close - The wolf of wall street is Total Scum - Ripping Off Mom & Pop. Milken only dealt with Professionals who agreed to the deals - they only have themselves to blame it it didn't work out in their favor.
@djpuplex Жыл бұрын
Dude looks like the Egghead villain from Batman "Oh eggscelent"( in flamboyant voice)
@jakobwiklund5688 Жыл бұрын
Great video as always 🤩🙏
@jamess7315 Жыл бұрын
I have done a bit research into Milken and his prison sentence - I still do not understand how he only served 2 years jail. He was sentenced to 5 x 2 years sentences to be served consecutively. He only served 2 years though.
@id10t98 Жыл бұрын
When you open your wallet to politician's and judge's re-election campaign funds it's amazing how quickly prison sentences get reduced.
@drew9312 Жыл бұрын
Fantastic documentary. Keep up the great work.
@UURevival9 ай бұрын
Did you see Michael Milken at the NY Mets game last year promoting his foundation? He's buddies with Michael Cohen the Mets new owner. My mouth dropped open, I was like whaaaaaat?????
@nujabeslistener Жыл бұрын
While he really doesn't seem to be a good guy, he is FAR from being the most evil billionaire.
@Stoneface_7 ай бұрын
Who's the number one?
@nujabeslistener7 ай бұрын
@@Stoneface_ I'm not sure if these are billionaires, but the people on the board of directors at Nestlé easily take the cake as most evil rich people.
@ElliottNest4110 ай бұрын
Blackstone did not exist in the 1970s; it was founded in 1985.
@mathewmara218410 ай бұрын
Milken made some mistakes, but he paid his debt to society, and I'm glad to see he's recovered and climbed back to the top. Super inspiring video.
@philippebyrnes1213 Жыл бұрын
WSM, one of your best. I lived through the Drexel period at the start of my career (in tech, not fin). I also was a doctoral student at the Stanford GSB so had a ringside seat for much of this. The damage this man did by putting capital in the hands of raiders is still with us today. KKR, Blackstone, and other giant LBO/PE/ hedge funds got their start with DBL $$$. Read Connie Bruck's "The Predator's Ball" for a sympathetic (!) portrayal of these men.
@mastpg Жыл бұрын
...or "Den of Thieves" for an unsympathetic one, but you're wrong on the whole. The raiders did a great service to the economy by cutting the fat off corporate America. There was inefficient and fraudulent behavior at the margins, but the overall effect on the economy was positive.
@chrissmith35879 ай бұрын
@@mastpgraiders just loaded previously profitable companies with debt, they didn’t cut fat off they cut off companies legs The idea that they are eliminating inefficient companies doesn’t make sense given that the practices work equally well on healthy and dying companies
@mastpg9 ай бұрын
@@chrissmith3587 Good luck learning to read. Inefficiencies within companies, not inefficient companies... You have an incomplete knowledge of the era and are only taking the worst examples, which is probably fine in your view, since you only seem to be interested in hyperbole. Study the history more and get better with the math if you want a complete perspective.
@chrissmith35879 ай бұрын
@@mastpg “inefficient and fraudulent behaviour at the margins” So they sold off profitable divisions and assets and took on large debt. They didn’t help any company but themselves
@mastpg9 ай бұрын
@@chrissmith3587 "They" isn't a thing in this context. You're talking about hundreds of buyout shops and companies over decades. Good luck ever learning the full history of the industry and the underlying math. It's clear you gave no desire to understand it, but I wish you luck nonetheless. Quick question, how do you think the practice remained relevant for so long? The sector was somehow able to find marks to take the bad end of the deal for decades and decades? No one else ever made a profit or saw any benefit from the practice, but buyout firms were somehow able to run the same practice you believe to be scam with chump after chump in the private and public markets over and over and over again with no one else ever getting wise? This is what you're saying. Please confirm. Plenty of these deals didn't involve significant asset sales and plenty didn't involve overly onerous debt, ESPECIALLY when you consider how cheap financing has been throughout long periods within the last 40-50years, the period when private equity has grown most substantially. I mean, I agree with Buffet that the cheap used car salesman tactic used by buyout firms to solicit funds should be a put-off to potential investors, but your perspective on the industry as a whole is verifiably incorrect. You don't even seem to understand the basic process, much less the specifics of any particular deal or types of deals.
@bingdong85719 ай бұрын
He has a very trusting smile
@ibrahimseth8646 Жыл бұрын
The Joker Scam, Scam with jokes, scam while jokes.
@Oksobasically27 ай бұрын
Honestly every fortune 500 company at one point had “junk bond” status. If you invest in these bonds just understand what you are doing. Hedge your investments. Just play with these with a small amount of capital. Mark it as an expense. If it nets a profit good if not then you didnt lose your retirement. Also make sure your hedge fund doesnt deal with junk bonds.
@supremepartydude Жыл бұрын
Great job . I was living in LA area when Millikan was committing his crimes. The LA Times expose of Millikan has confirmed everything you just said.
@ddexotics1 Жыл бұрын
Just like George Carlin said.." Its a big club and your not in it"
@maxhung699 ай бұрын
Drexel wasn't a big investment bank before milken joined. he built their reputation until the downfall
@duncanbleak3819 Жыл бұрын
Key life lesson here... Never trust a man with an obvious toupee. Never!
@paulsummers26409 ай бұрын
I didn't know John Malkovich was a junk bond king. "Pay dat man heez mohn-eee".
@phdonme110 ай бұрын
Saying 1 billionaire is more evil than another is really setting the mark
@rrrado1 Жыл бұрын
Most evil? Don't know about that... competition is stiff.
@CoreyChambersLA2 ай бұрын
Not possible to make billions without helping a few people along the way. WSM admits that Milken actually helped lots of people. Not just stockbrokers; the fact is that Michael Milken financed more than 3,000 companies that created MILLIONS OF JOBS. His financing of MGM Mirage, Mandalay Resorts, Harrah's Entertainment, and Park Place alone is estimated to have created around 600,000 jobs.
@Prosperousprotocols Жыл бұрын
Very educational.thanks
@darkritualpass7 ай бұрын
Crazy that his outside appearance is slowly transforming into an evil skeletor to match his inner evil.
@__Dave__ Жыл бұрын
Two uploads in one day let’s go
@Heyu7her3 Жыл бұрын
Oooh Drexel, that's old Philadelphia money.
@herpderp3131 Жыл бұрын
Early life section checks out as per ushe.
@focus45554 Жыл бұрын
Why would you expect thieves to despise another thief?
@CoreyChambersLA2 ай бұрын
Milken practically invented junk bonds. He was not the only one developing in that area. Many profitable companies campout of of his work, including MCI, CNN and TBN.
@maximushung17 күн бұрын
I'm glad you got rid of altered video clips. they were creepy
@bobdobb90179 ай бұрын
I wonder why respectable investors today visit the Milken Institute today?
@Pipping-Hot5 ай бұрын
PLEASE Correct Your Story to READ: Milken was not guilty of insider trading and was never convicted of it. Boesky was a BIG Mouth who liked to Brag & Lie. Milken NEVER Traded Insider information with Boesky - Why would he deal with Such A Loser?
@SopranoPizzaJMFNJ4 ай бұрын
Yet, the letter to Boesky is what eventually forced the Milken plea deal. Edward Bennett Williams passed away and Arthur Lyman made a deal because Milken didn't want to keep fighting. However, I DO Agree with you.
@MorrisFilmPhoto Жыл бұрын
Thanks 4 Great Reportage! Fraudster are Obviously "Heil" as Heros among the same type of people 😎
@MCorpReview Жыл бұрын
Looks like you nailed all d key heroes in den of thieves except Martin Siegel. He’s with kidder Peabody. 😮
@SopranoPizzaJMFNJ4 ай бұрын
Marty Siegel was a rat. He also left Kidder to join Drexel.
@JustMe-xb4ey Жыл бұрын
Incredible research, incredible channel...!
@albertthrower48279 ай бұрын
no one lost a dime--it was a technicality Milken was arrested and convicted for--when the FEDS tried to place a restitution amount for his crime--they could not justify a LOSS 4 anyone
@OmarScarborough-b6u2 ай бұрын
True.
@maxhung699 ай бұрын
no it's not common for investment banks to receive warrants for compensation. please do better research
@avernvrey7422 Жыл бұрын
How many got an ad for the "Milken Institute" before this vid started?
@havyn88 Жыл бұрын
He'd only deserve a second chance if they stripped him off all his money and made to complete his entire prison term. But there's no justice in capitalism.
@oneeleven9832 Жыл бұрын
We don’t have Capitalism…
@havyn88 Жыл бұрын
@@oneeleven9832 just because you can't own slaves anymore, doesn't mean that you don't have capitalism.
@aightm8 Жыл бұрын
What does the economic system have to do with it. He was pardoned by trump
@havyn88 Жыл бұрын
@@aightm8 you've just answered your own question.
@aightm8 Жыл бұрын
@@havyn88 I didn't. That's political, it has nothing to do with the means of production. You tankies really are low IQ
@TheCarnivoreSoprano Жыл бұрын
And they say crime doesn't pay....
@4Clubs Жыл бұрын
Alexa, pull up "early life".
@crypto_que Жыл бұрын
First thing I did. Drexel. Then the lawyers, the judges, & the media companies who made him a hero. It’s so transparently f’cked up.
@thehammer46259 ай бұрын
Fun fact: when Milken reported to prison, he was not permitted to wear his toupee. When he got out, he stopped wearing one. Another one, when Trump testified for his Taj Mahal casino license, he was asked if he would use Junk Bonds with high interest rates. Doing so would mean high debt payments and put more pressure on the casino. He said no and that he had financing lined up. Of course, he used Junk Bonds from Milken for the Taj and it went went through its first bankruptcy about a year later. It crushed a lot of small suppliers who still had not been paid for their work.
@jbern21859 ай бұрын
I didn't know he used Milken,, which of course makes sense. Smh! But it makes sense. A conman who always needs to borrow money and will agree to any interest rate since he probably won't pay it back anyway,,, meets another conman who can arrange that financing and doesn't care if it goes bust so long as he gets his massive commission. I guess its just naive of me to NOT figure out the connection when Trump pardoned him. But yeah, trump lied about the financing. The gaming law in NJ stated a new casino could not hold more than like 30% debt. Trump had like 40% private investment, then 30% bank financing, and then promised the rest for his $1 billion casino would be equity or private equity. That was a lie cause he used 30% junk bonds at 14%! That equals like $42 million a year just In interest! I'm not sure if Trump even made a single payment on those bonds and he surely didn't even make 2 payments. Less than 6 months and the Taj Mahal was already having trouble making these payments. It Was doomed from the start and the executives barely keeping it afloat ended up leaving. Well, 1 died in a helicopter crash, and the other quit when Trump blamed the dead guy for all his financial problems with the Taj. If you don't already know. Look up a guy named Marvin Roffman. He's the casino, investor analyst that trump got fired for predicted the taj Mahal collapse. Trump didn't like his correct analysis, got him fired, then the guy sued Trump,,, and won! He was
@larrydemonte22189 ай бұрын
I was working on Wall Street. When this all happened,remember it well
@Ganbarimasu9 ай бұрын
Every. Single. Time.
@navid31329 ай бұрын
I don't even need to check 'early life' for this guy
@autondafe Жыл бұрын
You should never judge a book by it's cover... no wait
@bankfinanzas6348 Жыл бұрын
Greetings from PERU 🇵🇪excellent information of billionaire Milken
@florenbaron711111 ай бұрын
You have a duty to make sure you know what you read is true. There is a lot of false information on the internet.
@julianfoot8748 Жыл бұрын
No, no he doesn't deserve a second chance. He ruined many thousands of people... he should have all his stolen money confiscated and paid to his victims.
@OmarScarborough-b6u2 ай бұрын
Ruined who ?
@Sucksuphere11 ай бұрын
Read the book A Den of Thieves...really good book about milken...ivan bosky....junk bonds story...in one single year 1986 milken made an unbelievable amount of money...600 million in one single year !!!in one year !!!
@jburron Жыл бұрын
Eye-van Boesky. Not Ee-van.
@Century2008 Жыл бұрын
I remember when the story broke in the WSJ how the feds took his BMW and made him ride in a K Car to while under arrest, yet more interesting is the follow up story of what happened to him in the Federal Penn with the mafia. How they extorted him for stock tips and the treatment he got if the stock went bust. While giving authorized sport gifts to appeased for the losses.
@Njabzillah Жыл бұрын
I wonder how those interviews would have went if Milken was black. I wonder if he would have remained a billionaire if he was black... I wonder
@GinamosWithCherryOnTop Жыл бұрын
This is why I never trust america’s economy.
@santiagocedillo50257 ай бұрын
DNA can tell south and north from a country/region? 😮
@sunshine74537 ай бұрын
Aaaa that’s how you drain the swamp! 😂
@josephnjuguna59877 ай бұрын
Den of Thieves Book by James B. Stewart
@crytkryssus9851 Жыл бұрын
He looks like that bad lawyer for the hospital from Scrubs.
@PradoTraceAZ8 күн бұрын
LOL dude looks like a live action version of Mr. Burns.
@andybunn5780 Жыл бұрын
Did you say that I wouldn't know that the leader of Goldman Sachs was an unconvicted criminal?
@hume123456110 ай бұрын
If Milken were a Congressman what he did wouldn't be considered illegal today's world.
@Hoobz017 ай бұрын
Poor lady at 6.30 😢 She's been fired at least 10 times now
@muntedme203 Жыл бұрын
Payment in kind was a feature of the junk bond era. It is also a core feature of crypto!
@TheBishop1210 ай бұрын
0:10, 0:46 The fact that we have to choose between these two old heads only, for president..AGAIN is absurd, disgusting, and disheartening. Can’t wait to retire and live free of this clown show.
@jamesodell3064 Жыл бұрын
Saddling otherwise solvent companies with huge debt in these leveraged buyouts, often pushing them into chapter 11 bankruptcies is something that needs to be banned.
@SopranoPizzaJMFNJ4 ай бұрын
LIES. Most of these companies were already corrupted and the financing Milken provided unlocked more capital than anyone other than JP Morgan himself.
@joshuapatrick682 Жыл бұрын
0:55 thats cause Milken didnt break the golden rule. You can fleece middle class folks indefinitely, just don’t steal from the rich.
@christpunchers Жыл бұрын
I guess you could say, Milken milked his victims
@lephtovermeet Жыл бұрын
Finance is literally broken.
@cpm1003 Жыл бұрын
He has the creepiest smile in the universe.
@ishanharshvardhan6687 Жыл бұрын
dude its investment banking....the end always justifies the means......if one doesn't like it then one is in the wrong industry