DADBODhisattva

I have NEVER seen anything like this before. The creation of a whole fucking village outside the stadium. The vendors with food & bootleg merch, fans rapping bar for bar as they play Jay’s through the streets, grown men outside the stadium begging for tickets like homeless people

Michael Milken started at $25,000 a year. by 1987 he was making $550 million - trading the bonds every serious bank on Wall Street refused to touch. no partnership. no fund. no equity. just a desk at Drexel and a 1958 academic paper nobody had bothered to read. the paper showed that junk bonds - debt from companies too broken for investment grade - defaulted far less than the market assumed. everyone priced them for disaster. Milken priced them for math. by the end he was generating more than half his firm's profits. the market he built from nothing was worth $150 billion. he drove an Oldsmobile. lived in a modest house in Encino. the money was never the point - being right was. then Ivan Boesky got caught. Boesky was Milken's own client. facing prison, he agreed to wear a wire and secretly tape his conversations - with the man who made him rich. the tapes went to Rudy Giuliani. 98 counts. racketeering. the first time RICO was ever used against a man with no connection to organized crime. then Terren Peizer - Milken's own protégé, a trader he'd personally trained - testified against him for full immunity. six felonies. $600 million in fines. ten years. he served 22 months. Trump pardoned him in 2020. today he's worth $6 billion and hosts the most powerful conference in finance. he was destroyed by the two men he made rich, and he outlived them both anyway ↓

Imagine caring this much about a door