Word: milken
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Other recipients were unable to attend. Robert Clark Graham, winner of the Biology Award for his Germinal Choice sperm bank, which only accepts donations from Nobel laureates and Olympic athletes, was conspicuously absent. Dr. Strangelove accepted for him. Economics Prize honoree Michael Milken had a 15 to 20 year previous engagement, so Tammy F. Baker accepted in his stead...
...simple expedient of buying and selling stock with the help of inside tips. Arrested in 1986 and jailed for 17 months in a minimum-security prison, he led prosecutors to arbitrager Ivan Boesky, who, in turn, helped them reel in the biggest fish of all -- junk-bond king Michael Milken. Now permanently barred from the securities industry, Levine, 39, makes his living as a consultant to companies engaged in mergers and other deals...
...money flowed so freely that Levine kept breaking the law even after his legitimate yearly income rocketed to $2 million. That was not enough at a time when other Masters of the Universe made still bigger bucks and Milken earned an astronomical $550 million in a single year. Blinded by greed, Levine rationalized his crimes by asserting that everyone traded on inside information and assuring himself that he would never get caught. Unknown to him, however, his Bahamas bankers were copying his trades for themselves. Their profligate piggybacking left an international paper trail that led U.S. regulators straight to Levine...
...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...
...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...