Word: milken
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Dates: during 1990-1999
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...featured in traditional baseball cards, but the 36 hardball players immortalized in the Savings & Loan Scandal Trading Cards are best known not for their hits or their runs but for their headline-grabbing errors. Presidential favorite son Neil Bush, political puppet master Charles Keating and junk-bond giant Michael Milken are among the reluctant celebrities honored in the latest offering from California's Eclipse Enterprises, whose previous politically risque parodies also feature palm-size portraits of front-page phenoms -- such as Neil Bush's dad in Iran-Contra Scandal Trading Cards...
Wanniski, whose business clients include Michael Milken (who, although in prison, is in regular phone contact with Wanniski), refuses to divulge the identities of the mysterious "media junkies" who help him compile his ratings, but among them there are at least two alumni of Lyndon LaRouche's fanatical groups, as well as public relations flacks, a social worker, a playwright, typists, salesmen, a medical secretary and people who called in to a Denver talk-radio program and asked to be reviewers. A man who has accepted money from felon Milken, has gone on Asian junkets paid for by felon Moon...
...without noting that the study from which the article was adopted had been funded by $10,000 contributions from 29 corporations -- each with a financial interest in Mexico. A more thorough investigation by FAIR staffers might have unearthed the fact that one of those $10,000 contributions was from Milken, and that the report was prepared by Polyconomics, owned by none other than self-coronated media watchdog Wanniski. But nobody's perfect...
...Executive Life had blazed a fast track to spectacular growth, grabbing market share by offering higher payouts on annuities and charging lower fees than most of its competitors. To meet its growing obligations, the insurer plunged headlong into the high-yield bond market controlled by Drexel Burnham's Michael Milken and puffed up its $10.1 billion asset base with $6.4 billion in risky junk bonds. Once the junk-bond market fizzled in 1989, First Executive Corp., Executive Life's holding company, began to sustain huge losses. California insurance officials are now investigating other large insurers to determine whether they also...
...made -- and lost -- as much as Midas and Michael Milken put together. But finally J.R. has mellowed into a mood of valedictory twilight. Like the show he anchored, the aging Texan is again in fine form. He might have been speaking of Dallas when, in a recent episode, he mourned, "The world I know is disappearin' real fast." But it was left to his stalwart brother to put the series in perspective. "J.R.," Bobby said, "you and I have spent our entire lives tryin' to win Daddy's approval by fightin' with one another. Neither one of us givin...