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ght have become junk because of a deterioration in the issuing company's finances, but they did not start that way. However, in the 1970s and 1980s Michael Milken at Drexel Burnham Lambert realised there was a group of investors who were willing to take the risk of a diversified portfolio of junk bonds because
f the extra yield on offer. And indeed over time the extra yield offered by these bonds more than compensated investors for the risk of default. Mr Milken's lesson endured even though Drexel collapsed. In the 1990s and early 2000s more and more people wanted to trade higher risk for higher rewards as t
d loan obligations (CLOs), but since the credit crunch the market has dried up. And the debts accumulated in the 2006-07 boom have to be refinanced. Moody's reckons that some €250 billion of LBO debt will need to be rolled over in the next five years. Private-equity loans were just one of many assets (f
eral Flynn employment contract with the Israeli spy company NSO. No doubt Mr Hurgin et al know it well. Recall the connection I pointed out between Milken family office: Silver Rock and the Genius quant AQR blank check money laundering shell Hunter Maritime. Recall Mr Banerjee? AQR was Ability/Cambridg
of the Israeli company NSO raised $500 million to finance the company's acquisition of controlling shareholder from Francisco Partners, according to Moody's. The funds were raised ... jewishbusinessnews.com Anyone follow that spying scandal at CS? Crazy stuff, eh? Almost like certain phones were hacked/
eral Flynn employment contract with the Israeli spy company NSO. No doubt Mr Hurgin et al know it well. Recall the connection I pointed out between Milken family office: Silver Rock and the Genius quant AQR blank check money laundering shell Hunter Maritime. Recall Mr Banerjee? AQR was Ability/Cambridg
of the Israeli company NSO raised $500 million to finance the company's acquisition of controlling shareholder from Francisco Partners, according to Moody's. The funds were raised ... jewishbusinessnews.com Anyone follow that spying scandal at CS? Crazy stuff, eh? Almost like certain phones were hacked/
Entities connected to both Michael Milken and Moody's

Jeffrey Epstein
PERSON
Donald Trump
PERSONChris Dilorio
PERSON
Jared Kushner
PERSON
Drexel
ORGANIZATIONLeon Black
PERSON
Prince Andrew
PERSON
Credit Suisse
ORGANIZATIONJefferies
ORGANIZATION
Colorado
LOCATION
George W. Bush
PERSON
Michael Cohen
PERSON
Marc Rich
PERSON
Denver
LOCATION
Liechtenstein
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
Tony Blair
PERSON
William Barr
PERSON
Barry Diller
PERSON
Bloomberg L.P.
ORGANIZATION