Trump Insiders Said to Push for Pardon of Michael Milken

The video discusses Michael Milken's rise as a financial innovator in the 1980s, his creation of the junk bond market, and his subsequent legal troubles leading to imprisonment. After serving time, Milken made significant contributions to medical research, particularly in cancer, through the Milken Institute. The video also explores the debate surrounding his potential pardon and its implications.

What was Michael Milken's role in the financial industry during the 1980s?

• He was a pioneer in the high-yield bond market.

• He was a prominent hedge fund manager.

• He was a leading stockbroker on Wall Street.

• He founded a major investment bank.

What was the primary reason for Michael Milken's legal troubles?

• Insider trading

• Ponzi scheme

• Securities and tax violations

• Embezzlement

What was the impact of Milken's junk bond market on corporate takeovers?

• It led to a decrease in takeovers.

• It became the preferred financing method.

• It made takeovers more difficult.

• It was largely ignored by corporations.

How did Michael Milken contribute to society after his release from prison?

• By writing a book on finance

• By funding cancer research

• By starting a new investment bank

• By becoming a political advisor

What is the current status of Michael Milken's involvement in the securities industry?

• He is still banned from the industry.

• He is actively trading again.

• He has started a new hedge fund.

• He is a consultant for investment banks.