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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
9 ай бұрын
Milken's DNA is JEWISH
@FixItStupid
9 ай бұрын
Never Give DNA Lies Of Corp Gov....
@evryhndlestakn
7 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
11 ай 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
10 ай 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.
@khylerin70
8 ай бұрын
Better still, never voluntarily give your DNA out period!!!
@niranjankumarjha4047
7 ай бұрын
Tip: genetical isn't a word, but genetic is
@GHOST25938
6 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.
@rickeyheard4454
6 ай бұрын
Idk man, I don't think anyone looks kindly on this guy.
@jburron
6 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.
@ezbody
4 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.
@Mesozoic_mammal
Жыл бұрын
Ah! "Drain the swamp" meant to pardon the financial swamp in prison and let it flow back into society
@DakotaTuttle-k3x
6 ай бұрын
He didn’t get him out of jail he wiped his record.
@snorman1911
5 ай бұрын
Israel first.
@Stoneface_
5 ай бұрын
@@DakotaTuttle-k3xTrump literally pardoned a financial criminal. Trump was always part of the swamp
@Stoneface_
5 ай бұрын
Trump literally pardoned a financial criminal. Trump was always part of the swamp😂
@st0a
4 ай бұрын
Yep, Trump is a HUGE, TREMENDOUS hypocrite. As all politicians are...
@tovsteh
Жыл бұрын
When the fines are smaller than their earnings, its just means that the rich can pay their way out of justice.
@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
11 ай 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
10 ай бұрын
Bit before your time if you are in your 20’s - 30’s.
@chaplainsunshine
7 ай бұрын
My grandmother lost a LOT of money in junk bonds
@billbarr3952
7 ай бұрын
@@nakternalalso den of thieves by James Stewart
@johnstirling6597
Жыл бұрын
He may have earnt billions , but you would think that he could afford a decent toupee on the way up.
@Starborncathedral
7 ай бұрын
Or a hair transplant…something.
@jackschitt6235
6 ай бұрын
He never went back to wearing a wig after he got out of prison
@vambo13257
6 ай бұрын
it was a disguise for his later life
@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.
@Jordan-Ramses
11 ай бұрын
Milken probably paid for those fluff pieces.
@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
10 ай бұрын
Exactly
@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.
@Joybuzzard
7 ай бұрын
No surprised to see that The Milken Institute is a high level member in the WEF.
@connorm4145
6 ай бұрын
Ain’t capitalism grand
@ClamMan1989
6 ай бұрын
But but but Trump is gonna save us from them.
@Stoneface_
5 ай бұрын
@@ClamMan1989" Drain the Swamp " 😂😂
@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.
@jaredfreeland9153
7 ай бұрын
Just like Bernie Made-off, the hint was in the name all along
@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
@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
10 ай бұрын
What hair?
@ElliottNest41
7 ай бұрын
Give him a break. He’s a cancer survivor.
@shawnkennedy855
7 ай бұрын
@@ElliottNest41 He was wearing a piece before that.Who cares about his hair.
@jbern2185
6 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.
@snorman1911
5 ай бұрын
There's definitely a link, but you get banned from youtube if you point it out. Hint, check their "early life" details.
@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
@SopranoPizzaJMFNJ
Ай бұрын
@@mitenpat Stewart had an axe to grind.
@SopranoPizzaJMFNJ
Ай бұрын
Bruck wrote an amazing book. Unfortunately for you it did nothing to prove that Milken was guilty of anything.
@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.
@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.
@TheSuavest
Жыл бұрын
Until the Lion has a historian tales of the Hunt will only glorify the hunter -Unknown
@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
@skengdo2458
Жыл бұрын
Surprise surprise, another Jew defrauding people.
@herogebrial
Жыл бұрын
Always.
@TheRustyLM
Жыл бұрын
Wow. Do you get a volume discount on your white hood laundry bills?
@apuapustaja1
8 ай бұрын
@@TheRustyLM unfortunately it is ran by another one of the tribe and the prices keep going up despite laundry detergent and utilities costing same.
@ElliottNest41
7 ай бұрын
Blackstone did not exist in the 1970s; it was founded in 1985.
@andrewphilips2457
5 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.
@ryans5073
2 ай бұрын
A guy who knows how to take care of his friends is very valuable
@SopranoPizzaJMFNJ
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.
@nujabeslistener
Жыл бұрын
While he really doesn't seem to be a good guy, he is FAR from being the most evil billionaire.
@Stoneface_
5 ай бұрын
Who's the number one?
@nujabeslistener
5 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.
@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.
@djpuplex
Жыл бұрын
Dude looks like the Egghead villain from Batman "Oh eggscelent"( in flamboyant voice)
@timwhelan9352
Жыл бұрын
World's most evil Billionaire but you are advertising DNA Kits.......these are not your friends.
@KC-bi9jw
Жыл бұрын
Hey I'll take it over the MasterWorks scam ads. At least he's trying tho change lol
@ashishpatel350
Жыл бұрын
milken? oye vey
@yourfellowman11
6 ай бұрын
This man is photogenically terrifying
@kenrose2523
Жыл бұрын
He makes Jordan Belfort seem like a saint by comparasion.
@walking_in_the_shade
Жыл бұрын
Comparison
@snex000
7 ай бұрын
Belfort's schemes had actual victims.
@Pipping-Hot
2 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.
@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.
@walking_in_the_shade
Жыл бұрын
Anybody with a smile like that, shouldn't be trusted.
@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.
@jadengrant
Жыл бұрын
Slowly becoming Jake Tran with these weird titles. Relax bro.
@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
@Pipping-Hot
2 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?
@SopranoPizzaJMFNJ
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.
@ibrahimseth8646
Жыл бұрын
The Joker Scam, Scam with jokes, scam while jokes.
@duncanbleak3819
Жыл бұрын
Key life lesson here... Never trust a man with an obvious toupee. Never!
@GinamosWithCherryOnTop
11 ай бұрын
This is why I never trust america’s economy.
@vincentpapa6793
6 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
@SopranoPizzaJMFNJ
Ай бұрын
Great Book & PROVES that Boesky was the real culprit!
@Sam-jw3xs
Жыл бұрын
What do Milken, Madoff, SBF have in common? All 3 are Jewish. Just a coincidence?
@madness5327
Жыл бұрын
The Synagogue of Satan are always behind fraud and misery.
@ddexotics1
9 ай бұрын
Just like George Carlin said.." Its a big club and your not in it"
@LostTravellers
Жыл бұрын
4 minutes in to your video and not once did the video actually started with the subject, but just being informed about your sponsor... First before your video starts we are receiving an overload of ads and after an intro about nothing, there you go with your sponsor, about more than 2 minutes long.... followed by adds from YT... for about again, at least a minute again and still nothing interesting passed in your video. Clearly, I skipped all the rest of your video. I don't mind some ads and that way I support you with pleasure but please, be decent.
@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.
@chrissmith3587
6 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
@mastpg
6 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.
@chrissmith3587
6 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
@mastpg
6 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.
@1rjbrjb
8 ай бұрын
First of all, Soros is by far the most evil billionaire. I was at the 2006 conference and on a speaker panel. I met Mike which was one of the thrills of my life. I was too shy to approach Al Gore who would have overwhelmed me with his charisma in any event. And Steve Forbes was smiling his goofy smile. You are a pretty sharp little guy and you are good at exposing blatant con men. You are not nearly smart enough to take on Mike. He is/was an enormously complex figure who created tremendous wealth. His criminal prosecution was for offenses that at the time had never before been criminalized (e.g. parking stock). Since 1990 he has been a philanthropist. Serious economists believe that he was a force for growth and market discipline. He is open to criticism. But this is character assasination. And, yeah, he's rich, so we should hate him. And for the haters, he paid a billion dollar fine in 1990 $. This presentation is utterly despicable.
@Sucksuphere
8 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 !!!
@Oksobasically2
4 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.
@rrrado1
10 ай бұрын
Most evil? Don't know about that... competition is stiff.
@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.
@thesoutheastprincess
2 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
@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.
@TheoEvian
Жыл бұрын
Wait, it isn't the point of capitalism to do as Milken did? What did I miss?
@herpderp3131
Жыл бұрын
Early life section checks out as per ushe.
@maxhung69
7 ай бұрын
Drexel wasn't a big investment bank before milken joined. he built their reputation until the downfall
@frost2bit
Жыл бұрын
MY HERTAGE WAS BOUGHT BY BLACK ROCK... BE CAREFUL WHO YOU GIVE YOUR DNA TO
@blubaylon
Жыл бұрын
Everything is bought by BlackRock
@kenspam
Жыл бұрын
Ted Danson clone.
@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
@cheeseflavoredsoda3262
Жыл бұрын
Early life and education Milken was born into a middle-class Jewish family in Encino, California. Source: Wiki. You're welcome!
@apuapustaja1
8 ай бұрын
My powerlevel is so great that I knew he would be a part of the tribe before searching if someone else noticed it too.
@cheeseflavoredsoda3262
8 ай бұрын
@@apuapustaja1 Nice , we need more people like you.
@SopranoPizzaJMFNJ
Ай бұрын
This comment section could not possibly be more self important, ignorant or obtuse.
@dsnyder9293
7 ай бұрын
Shocking… an unscrupulous money changer… that coincidentally is a Jew
@bobdobb9017
6 ай бұрын
I wonder why respectable investors today visit the Milken Institute today?
@julianfoot8748
11 ай 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-b6u
9 күн бұрын
Ruined who ?
@florenbaron7111
9 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.
@tipsyXtwo
11 ай бұрын
This is a good video with a ridiculous title. I suggest you learn the definition of “evil”
@maxhung69
7 ай бұрын
no it's not common for investment banks to receive warrants for compensation. please do better research
@RoofDoctorsJoanne
7 ай бұрын
Most Evil Billionaire? I guess you never heard of George Soros?
@Heyu7her3
Жыл бұрын
Oooh Drexel, that's old Philadelphia money.
@albertthrower4827
6 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-b6u
9 күн бұрын
True.
@SkyPilot54
Жыл бұрын
I think you need to do some homey, You've got this all wrong ,,,
@peggyfranzen6159
7 ай бұрын
Yes! Donald Jonh Trump pardoned him. Thank you!
@wadeguidry6675
Жыл бұрын
Milken 2024!
@angel_machariel
11 ай бұрын
Notice the names. All of them being Amish - or something. For some reason I must think of little hats. Every effing time.
@apuapustaja1
8 ай бұрын
Bad goy, do not notice the patterns ever again or else.
@SillySausage-mq3so
5 ай бұрын
Good on ya Trump, Milken better pay you back.
@josephnjuguna5987
4 ай бұрын
Den of Thieves Book by James B. Stewart
@yaqoubissa1875
7 ай бұрын
why you don't say he is jewish most crock are why????????
@cpm1003
Жыл бұрын
He has the creepiest smile in the universe.
@joseph2707
Жыл бұрын
Fantastic video. Such high-quality content.
@jburron
Жыл бұрын
Eye-van Boesky. Not Ee-van.
@mandelbro777
11 ай бұрын
22 months in a country club prison .... he must be part of some select grouping of people who are immune to real justice for massive financial crimes 🤔
@charlesmartel5648
Жыл бұрын
Whoa whoa. Cool it with the antisemitism buddy.
@UURevival
6 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?????
@christpunchers
Жыл бұрын
I guess you could say, Milken milked his victims
@mathewmara2184
8 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.
@JohnSmith-ve7it
Жыл бұрын
Just unsubscribe. Itching DNA testing
@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
@MorrisFilmPhoto
Жыл бұрын
Thanks 4 Great Reportage! Fraudster are Obviously "Heil" as Heros among the same type of people 😎
@joshuapatrick682
9 ай 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.
@EZPZLMNSQWZY
10 ай бұрын
Beyond greed, 99% of financial fraudsters have one thing in common! It’s so obvious
@Stoneface_
5 ай бұрын
What they've in common?
@EZPZLMNSQWZY
5 ай бұрын
@@Stoneface_ open your eyes and you’ll see
@paulsummers2640
6 ай бұрын
I didn't know John Malkovich was a junk bond king. "Pay dat man heez mohn-eee".
@TheBishop12
8 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.
@royc5458
Жыл бұрын
Ivan Boesky, Bernie Madoff, Sam Bankman-Fried, Milken... for 2% of the American population, they sure do get around.
@divinegon4671
Жыл бұрын
JEEWWWIIISHH
@chhuntley5616
9 ай бұрын
Unfortunately, that's why I'm here .( nationality?) Thanks for your sanity
@jorgeocampo1794
7 ай бұрын
And Trump pardoned him……..
@robertvine5001
Жыл бұрын
Milken created an instrument in the junk bond that helped fund governments and growing or troubled companies. He certainly wasn’t an angel, but he created something that helped build some of the greatest companies in the world and helped finance the development of entire countries. At times it was abused, but “most evil billionaire” is tremendously inaccurate
@thehammer4625
7 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.
@jbern2185
6 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
@pianomanhere
6 ай бұрын
At the time, debt rating agencies such as Standard & Poor's, Dunn & Bradstreet and Fitch's were complicit in this as well, in not always rating these instruments at true junk levels such as D rather than in the B's or C's (although by the C's they're essentially close to junk status). The A grades were usually for collateralized bonds (aka mortgage bonds) and the junk bonds (sometimes aka "subordinated debentures") were completely non-collateralized, placing them WAYYY down the liquidation food chain in scenarios of bankruptcy or receivership, which frequently rendered such bonds worthless....all while these miserable cretins pilfered billions as this video so correctly details.
@joespratt413
7 ай бұрын
“Most Evil Billionaire”? I think you’re employing a little click bait aren’t you? Milken was a highly innovative financier whose work opened up a new financing channel for many companies seeking money to expand and/or acquire less than A rated companies. What the government thought Milken did was a far greater crime than they could proven Milken did. Federal prosecutors, indeed many local prosecutors are overzealous headline chasing public nuisances. No subscription for you and a big thumbs down!
@TheDavidlloydjones
3 ай бұрын
You don't mail your DNA envelope "out." You mail it back to the people who sent it to you. Duh. You also have it 180 degrees incorrect about Mike Milken.
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