not michael milken's company. not michael milken's firm. michael milken personally outearned mcdonald's that year. so if you are somebody with infinite resources but you are also staring down a 98-count felony indictment, how do prosecutors make it worth your while to not flee, to not, you know, run off to some other place on the earth where you would be out of the reach of american courts? when prosecutors got michael milken before a judge, they asked the judge for serious bail, unheard of bail. they asked for record-setting bail. they asked michael milken's bail to be set at a quarter billion dollars, $250 million. far and away the highest bail request anybody in america had ever faced, but he is one of the richest people in the world, right? even $250 million was kind of couch cushion money to him. maybe, just maybe it would be enough to make him think twice about making a break for it? if fleeing would cost him $250 million? maybe. in the end, the judge did not grant that record-setting bail and michael milken did not skip town. he ulti

his name was michael milken. he was famous for figuring out a new and ingenious and, it turns out, a legal way for wall street traders to get even more fantastically rich, using junk bonds, to stage corporate takeovers. and you don't need to understand the intricacies of this junk bond scam to know the kind of character he was. do you remember the movie wall street? michael douglas, greed is good? that was based on michael milken. this is how the post described him on the day he was finally indicted. quote, milken, a wharton school graduate, who lives in clark gables former home in california, and drives to work in a mercedes benz, has been praised by some as a brilliant visionary and assail by others for triggering a wave of hostile takeovers while generating fees for young and aggressive traders. he did that, and then the law showed up. the king of junk bonds, michael milken, was indicted today on charges of fraud and racketeering. charged with him in the indictment was his brother and another former trader for

his name was michael milken. he was