for example, california company wix came to milken's firm and told them it was planning a takeover.e that. but milken betrayed his client and earned $6.5 million more at the client's expense. >> authorities are worried that further disclosures resulting from the bosky affair may weaken public confidence in financial markets and weaken the markets . the markets themselves. >> it's a mad house. >> i guess the bull market's over. >> it's a blood bath down there. >> they're calling it the monday massacre. >> i call it the nearest thing to a meltdown i ever want to see. >> by the closing bell, the dow jones industrial average was down more than 500 points. >> this is a crash people hadn't seen since the great depression. no one had seen the stock market >> losses of more than $500 . billion. october 18, 1987, wall street's black monday. >> that crash was one of the first signs of how dangerous this new era could be. that what the market had given, the market could take away and take it away really, really quickly. >> one is fear, the other is greed. usually we have an excess of one or th

. >> then if he's listening, there's someone out there, mike milken. the person that is doing more for education, for taking technology, innovation and supporting science. mike milken, if there's anyone that deserves a pardon, it's not these people that sold out america, it's not the criminals, it's a gentleman that has spent his entire life promoting cures for cancer, promoting quality education, supporting of science. mike milken has done for more people like you and me and keeping us healthy than any other individual in america. if barack obama cares about this country, he will find a way to pardon him over the next 24 hours. that is someone that deserves it. >> neil: you're talking about the financier -- >> yes. it's putting aside politics and partisanship and recognizing someone that is a genuine american hero. he deserves a pardon and i hope the president is listening right now. >> neil: for the others, you think there will be more activity of that sort out of this president before he leaves? >> i do. he's going to be pardoning people with low-le