Report post

Who was the 'junk bond king'?

He was known as the "junk bond king" and was a symbol of 1980s Wall Street greed. He pleaded guilty to securities-fraud charges and has been a major philanthropist since serving his prison term.

Will 'junk bond king' return to Wall Street after Trump pardon?

"Trump Commutes Corruption Sentence of Governor Rod Blagojevich of Illinois". The New York Times. Archived from the original on February 18, 2020. Retrieved February 18, 2020. ^ "Milken, 'Junk Bond King,' could return to Wall St. after Trump pardon". Fox Business. February 18, 2020. Archived from the original on February 19, 2020.

When did the junk bond market start?

In 1970s, the junk bond market had been virtually non-existent; between 1980 and 1987, an estimated $53 billion worth of them came to market. The seminar for junk bond traders Milken held in Beverley Hills every year – the infamous ‘Predators’ Ball’ – would feature live entertainment from the likes of Frank Sinatra and Diana Ross.

The World's Leading Crypto Trading Platform

Get my welcome gifts