Michael Milken

This is the first 1,000 characters of 781 words (3.12 pages) in the essay titled Michael Milken

Michael Milken

Michael Milken pleaded guilty to a number of what are generally called "white-collar" crimes – as opposed to "blue-collar" crimes or those Godfather-type underground activities known as "organized crime". But on examination, much of Milken's white-collar work bears a startling resemblance to the methods of organized crime in schematic if not case by case. Milken was no capo, but he certainly applied the general mind set of the gangster to finance. And in doing so, he created a vastly more powerful operation than anything that John Gotti could ever have imagined.
After all, what were the greenmail raids of Milken associates Goldsmith, Ichan, Stienberg, Pickens, Boesky, and others except the old protection racket writ very, very large? What were the threats to subvert the finances of target companies except a shakedown, with plenty of immoral complicity by target company management? What was the cleverly planned pillage of the federally insured S&Ls except the familia...

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