Word: bond
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Dates: during 1980-1989
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Michael Milken, the most powerful financier of the 1980s, was limping when he entered a mid-Manhattan office last Wednesday to meet with TIME Senior Correspondent Frederick Ungeheuer for a rare interview. The 42-year-old junk- bond wizard was recovering, he explained, from knee surgery to remove cartilage he had torn in a backyard basketball game at his suburban Los Angeles home. Looking tanned and relaxed, Milken did not know that he was minutes away from being slammed with one of the most sweeping stock-fraud lawsuits in Wall Street history...
...subject Milken studiously avoided was the intensive 22-month federal probe of the junk-bond department he heads at the Drexel Burnham Lambert investment firm, but the matter soon forced itself on him. Suddenly his lawyer . was summoned from the room. Within minutes he returned and led Milken away. Down the hall the attorney informed Milken that a long-feared moment had arrived: the Securities and Exchange Commission was filing a weighty civil complaint against him, his employer and several colleagues...
Sasso engineered Dukakis' comeback crusade as Governor in 1982, and the emotional bond between the totally dissimilar men remains strong. Though far from an articulate intellectual, Sasso has a gift for analytic thinking. A street kid from New Jersey, he is canny about people and comfortable with concepts and broad strategies. Through his two national campaigns, with Ted Kennedy and Geraldine Ferraro, he developed an army of political contacts, and he deals easily with politicians...
Homeowners now eye neighbors with suspicion. Some families sleep in shifts. Others have rigged their homes with booby traps attached to guns. Says Jefferson's state senator, Charles Bond: "We're under siege. We have 800 citizens who are afraid to leave their homes even though they know they are potential homicide victims if they stay...
...past two Nightmares the tone has turned more facetious, the special effects toward the shoestring spectacular. Freddy now delivers double entendres like a James Bond boogeyman and devises custom-made tortures like the wardens of Room 101 in 1984. But he still represents the thing teens love to hate: Dad. "Freddy is the most ruthless primal father," says Craven. "The adult who wants to slash down the next generation." No keys to the car, Son. And no clean beaches, no safe streets, no safe sex, no noble politicians. Just a zillion-dollar debt for you to pay, and a nuclear...