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Feb 19, 2020

The last king of junk bonds

Chinese residents forgoing travel helps contain the spread of coronavirus. Black homeownership ticks up slightly, but it’s still way lower than it should be. A primer on Michael Milken, the former “junk bond king” whom Trump just pardoned.

Chairman of the Milken Institute Michael Milken speaks during the Milken Institute Global Conference 2017 at The Beverly Hilton Hotel on May 3, 2017 in Beverly Hills, California.
Chairman of the Milken Institute Michael Milken speaks during the Milken Institute Global Conference 2017 at The Beverly Hilton Hotel on May 3, 2017 in Beverly Hills, California.
Frederick M. Brown/Getty Images

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The presidential pardon of the "junk bond king" - Marketplace