A License to Steal
The Untold Story of Michael Milken and the Conspiracy to Bilk the Nation
Published on 25. May 2019
Book
Paperback/Softback
232 pages
978-1-9821-3492-1 (ISBN)
Description
“A hard-hitting analysis.” —Kirkus Reviews
Benjamin J. Stein reveals how Michael Milken sold $200 billion of junk bonds, turned corporate America upside down, killed dozens of S&Ls, cost the taxpayers billions, and gave America a push towards the longest recession in history.
This sobering, and at times terrifying, tale reveals how Michael Milken, called upon questionable financial backers and enrolled the influence of powerful figures in journalism, academia, and politics, to convince an eager—and greedy—nation that junk bonds were the key to untold wealth. Now Stein details how Milken became so powerful, who helped him, and how his junk-bond operation really worked.
Benjamin J. Stein reveals how Michael Milken sold $200 billion of junk bonds, turned corporate America upside down, killed dozens of S&Ls, cost the taxpayers billions, and gave America a push towards the longest recession in history.
This sobering, and at times terrifying, tale reveals how Michael Milken, called upon questionable financial backers and enrolled the influence of powerful figures in journalism, academia, and politics, to convince an eager—and greedy—nation that junk bonds were the key to untold wealth. Now Stein details how Milken became so powerful, who helped him, and how his junk-bond operation really worked.
More details
Language
English
Product notice
Paperback (trade)
Unsewn / adhesive bound
Dimensions
Height: 230 mm
Width: 153 mm
Thickness: 20 mm
Weight
262 gr
ISBN-13
978-1-9821-3492-1 (9781982134921)
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Schweitzer Classification
Person
Benjamin J. Stein is a respected economist who is known to many as a movie and television personality, but has worked more in personal and corporate finance than anywhere else. He has written about finance for Barron’s, The Wall Street Journal, The New York Times, and Fortune; was one of the chief busters of the junk-bond frauds of the 1980s; has been a longtime critic of corporate executives’ self-dealing; and has cowritten several finance books. Stein travels the country speaking about finance in both serious and humorous ways, and is a regular contributor to CBS’s Sunday Morning, CNN, and FOX News. He was the 2009 winner of the Malcolm Forbes Award for Excellence in Financial Journalism.