Michael Milken

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 21 February 2020

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Michael Milken once made $550 million in one year. Then, he went to prison. This week, the President pardoned him. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0	This is Planet Money from NPR.
0:06.7	For connoisseurs of financial crime, this was a...
0:10.7	Fuh!
0:11.7	Week.
0:12.7	On Tuesday, Donald Trump granted presidential pardons to a rag-tag crew of criminals and
0:17.2	be-list celebrities.
0:18.8	Which I picture as a sort of Ocean's 11 film situation.
0:23.1	Oceans 2020, right?
0:24.8	President Donald Trump sits down and he says, we gotta sign some pardons.
0:28.6	We gotta get the team back together for one last hurrah.
0:31.4	There's the disgraced governor with a Senate seat for sale.
0:34.1	Bring me Rod Blagoevich.
0:35.8	The real housewife who was part of a stolen vehicle ring.
0:38.8	Angela Stanton, we're gonna need her.
0:41.2	And the brains.
0:42.5	A guy who at one time was making more money than anyone else in America, Michael Milken.
0:48.9	Michael Milken.
0:50.3	When I was growing up in the 1980s, I knew nothing about finance.
0:53.6	I knew nothing about who was making money or not or why.
0:57.3	And I did know that name, Michael Milken.
1:00.2	Everyone knew he was the junk bond king.
1:03.1	Even though we had no idea what a junk bond actually was.
	...

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