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The Predators’ Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond Raiders

Amazon.com Price:  $11.33 (as of 12/05/2019 17:58 PST- Details)

Description

All over the 1980s, Michael Milken at Drexel Burnham Lambert used to be the Billionaire Junk Bond King. He invented things like “the highly confident letter” (I’m highly confident that I will be able to raise the money you wish to have to shop for company X) and “the blind pool” (Here’s a billion dollars: let us let you buy a company), and he financed the biggest corporate raiders—men like Carl Icahn and Ronald Perelman.
 
After which, on September 7, 1988, things changed. The Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud. Waiting within the wings used to be the USA District Attorney, who wanted to file criminal and racketeering charges. What motivated Milken in his drive for power and money? Did Drexel Burnham Lambert condone the breaking of laws? The Predators’ Ball dramatically captures American business history within the making, uncovering the philosophy of greed that has dominated Wall Street within the 1980s.

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