Summary
ALMOST every financial crash precipitates a clampdown on the excesses of the period. After the leveraged buyout mania of the late 1980s blew itself out, the authorities lost no time in dragging insider trader, Ivan Boesky, and the king of the debt financed bid, Michael Milken, through the courts, imposing hefty jail sentences.
The Securities & Exchange Commission, having failed miserably in regulation of Wall Street over the past decade, is now moving into hyper-drive. Bernard Madoff's Ponzi scheme for the super rich and some of the world's most deserving charities has been exposed and prosecutions are imminent.See the full content of this document
Extract
Fall Guys
Now it is the turn of the Texan tycoon Si...
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