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The Junk Bond King: Michael Milken & The Wall Street Scandal That Shook the 1980s
The true story behind one of Wall Street’s most famous financial scandals. During the 1980s, Michael Milken became known as the “Junk Bond King.” Working at the investment bank Drexel Burnham Lambert, Milken helped pioneer the modern market for high-yield bonds, also known as junk bonds. These risky financial instruments allowed companies ...
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Darksidemirror on Instagram: "Michael Milken — The Man Who Paid $1 Billion to Walk Away In the 1980s, Michael Milken was the most powerful financier on Wall Street. From his desk at Drexel Burnham Lambert, he built the modern junk bond market, financing corporate takeovers and reshaping American capitalism. Investors followed him. Companies depended on him. Regulators watched but struggled to keep up. Behind the boom was a culture that blurred legality. Milken used networks of insiders to move i
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