In light of my last two posts on the subprime mortgage meltdown and the resulting fall out, let me say this:
If there were ever a time for legendary financier Michael Milken to be granted a full presidential pardon (which is now approaching 20 years overdue) and have his "lifetime" SEC ban lifted, that time is now.
Mike Milken revolutionized the financial world throughout the 1980's by using high-yield securities (which many banks had dismissed as "junk bonds") in order to provide high amounts of capital to entrepreneurs and companies that they otherwise never would have dreamed of being able to procure.
Since there's bound to be a lot of "junk" out there in the wake of the Fannie-Freddie fiasco, perhaps Milken is the only man in America who could figure out a way to use it in order to save the taxpayers from having to foot the bill for a massive government "bailout."
You can read about the legend himself (as well as all those ugly myths about him):
http://www.mikemilken.com
Casey
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