Michael Milkin

Tuesday, February 23, 1993   |   Posted by Jim Hightower
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Thank God they re finally letting Michael Milkin out of prison!
OK, so the King of Junkbonds was guilty of the biggest Wall Street scandal of all time But, Lord have mercy! They gave him 10 years.
Oh Mikey ... I ve got tears in my beer from crying over you.
I mean it s not like he robbed a 7-Eleven or something. You d get 16 years for hitting a 7-Eleven, assuming it s just your first offense But, I mean, that s stealing.
Mike s not really a thief, he s a ... well, he s a ... a Bond Trader.
I m Jim Hightower ... right back with this soap opera.
[Commercial]
Woody Guthrie wrote a song about outlaws: As through this world I ve traveled / I ve seen lots of funny men / Some ll rob you with a six gun / Some with a fountain pen.

Well, Michael Milkin is the fountain-pen robber who pretty much invented junk-bond financing for all those corporate raiders in the 80s. Thanks to his hyperactive Get-Rich-Quick gland, thousands of good Americans lost their jobs, pension plans were looted and whole companiuzin, a Louisiana Big-Business Democrat who's not been a big pal of the environment: Punch-in his name [keyboard sound] : T-A-U-Z-I-N, and it comes right back: "Toxin!" What about far-out, new Pennsylvania senator -- Rich Santorum? You guessed it: "Sanitarium." Then there's House Loudspeaker Newt Gingrich, whose last name becomes "Jingoish."

And, finally, here's my favorite: The mendacious and avaricious Texas senator and presidential wannabe, Phil Gramm [computer "eeep"]. Known as "Dollar Bill Phil" for his non-stop grubbing for checks from corporate lobbyists, when Gramm goes into the computer [keyboard sound] G-R-A-M-M, it spits out: "Grim, Grime, Grab." Perfect.

This is Jim Hightower saying . . . Gee, computers really do know a lot.Congress
Republicans
Fun Stuff55 Those of you who are computer-literate -- as oppo 44 saying . . . Gee, computers really do know a lot.Show #515735 - 515739May 26 - 30, 1995Roll Call - March 30, 1995

ht950526.html ht950526.r dollars. Enough that he ll rank as one of the 400 richest people in America.

This is Jim Hightower saying, if crime doesn t pay, what s Michael Milkin doing with half-a-billion dollars and a smile on his face?

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