Riordan, the Republican nominee for California Governor, was "a former business partner of
Michael Milken," This short comment was in today's NY Times, in an article
by William Bradley, "Making the Right Enemy." (Section 4, Week in Review, Page 14, National
Edition).
Milken was the bad boy of the 80s, the junk bond king at securities firm of Drexel Burham Lambert.
Even though Milken went to jail his family retained a tremendous amount of money. They remained
one of the richest families in the country. Milken tried to get a pardon from former President Clinton
but was turned down.
Did Michael Milken Deserve a Pardon?
By Art Jahnke
darwinmag.com
AND
Milken to Pay $500M, Serve 40 Months under Settlement
This story was published on Friday, February 28, 1992.
Volume 112, Number 9
The story was printed on page 3.
By Victor F. Zonana
Los Angeles Times
the-tech.mit.edu
Many observers of the financial scene were astounded that the man
who has shouldered much of the blame for the rigged markets and
speculative excesses of the `80s -- and the resulting financial
hangover in the `90s -- will emerge with a family fortune of perhaps half a
billion dollars.
Following is an excerpt:
"It's the kind of thing that leaves you shaking your head," said
Richard C. Leone, executive director of the 20th Century Fund,
a public policy group, and a former managing director of the
New York investment bank Dillon, Read & Co.
"We're supposed to severely punish people who do well for
themselves by doing evil to others," he said. "That's part of the social contract."
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Pat, Milken reminds you of the executives at Enron. Perhaps Skilling and Lay will start a
charitable trust. W' father might also consider joining since he's making so much money as a member of the
Carlyle Group and will benefit from the inclusion of the Crusader by the Pentagon even though the
Pentagon didn't want it, originally, but W adopted it so some of Poppy Bush's money should
trickle down to W, don't you think? JMOP
PS: Look forward to hearing about your trip! |
