The Junk Bond Revolution

This is an account of a notorious era in American financial history. At its heart is Michael Milken, the man who created a 200-billion-dollar junk bond market, and who in 1990 was sent to jail for ten years. The book describes the events that led up to that sentence and the sensation that surrounded it. It is the story of how, in the Eighties, winning was an addiction - not only on Wall Street, but also in the media and the courts, where, the author contends, the art of the deal was practised at the expense of truth and justice. Fenton Bailey is an Englishmen living in New York, where he worked for Drexel Burnham Lambert, the firm at the heart of the junk bond market.