April 29, 2014

My apologies

By the way, I've been informed that Michael Milken's lawyers have at times been known to strenuously and expensively object to Mr. Milken being referred to as "the junk bond king," since they will not stipulate that junk bonds ever had a monarch, nor that there have even been any such things as junk bonds. 

So, to preclude the need for Mr. Milken to pay for many billable hours to protect his sterling reputation from the "junk bond king" smear, I shall henceforth endeavour to refer to Mr. Milken as "the high-yield honcho."
     

36 comments:

doombuggy said...

I thought the argument was that every bond sold since 2006 is junk...

H said...

So it looks like that Monopoly strategy is correct: if you go to jail, you can make money while everyone else pays the rent.

Lugash said...

Reminds me of an Indian business press article about Angelo Mozilo... the "Mortgage Monarch".

Anonymous said...

Bond, Junk Bond.

From junk to funk.

Anonymous said...

Milkman

BurplesonAFB said...

The BBB rate potentate

Anonymous said...

Milkman

Anonymous said...

The Milkman Cometh?

Connie Bruck's The Predator's Ball is an excellent read.

Mark Caplan said...

Your jokes at the expense of Michael Milken are not only derivative, but below investment grade.

Mark Caplan said...

B.B. King?

Anonymous said...

http://www.dailymail.co.uk/news/article-2616492/Sterling-set-make-563-million-forced-sell-Clippers-NBA-able-force-Fellow-owners-league-prepare-bitter-legal-battle.html

So the worst possible scenario for Sterling is he gets to pocket $563 million?

Poor poor baby.



Anonymous said...

"Your jokes at the expense of Michael Milken are not only derivative, but below investment grade."

Junk humor.

Anonymous said...

Milkin' those investors, he was ...

Anonymous said...

http://www.dailymail.co.uk/sciencetech/article-2616071/Neanderthals-wiped-INTERBREEDING-not-lack-intelligence.html

You can sleep with neanderthals but don't hang around them too much.

ray said...

No shame in this, shrug it off.


Now we got a whole new Group Milkin' the nation. And aren't they clever! Sprung they little trap right in the middle of NBA playoff interest, how coincident. . . during a warrior/clippers matchup guaranteed for both ratings, and their patsy at national center stage. Rustled them a nice stupid slumlord to toss on the altar.



It's a fine series -- what the Medea is SUPPOSED to be doing -- much obliged. Cheers

Anonymous said...

Leave him alone. Don't ya know? He's a charitable humanitarian (now).

JohnSmith said...

Perhaps he'd prefer "Michael the Bald (of Swindled-em)".

Dave Pinsen said...

BBB is investment grade, not junk.

Finian said...

Nope, you haven't hit a nerve AT ALL.

David said...

If Bill Clinton had put Milken to work like FDR put Joe Kennedy to work, the mortgage bubble might never have happened.

Anonymous said...

I read James Stewart's book on Milken, I started reading it disliking Milken beforehand, but mellowed during half of it.

Milken's idea of junk bonds was simply quite good & the way he managed to build up his empire made me realize he was exceptionally gifted for business. He would have never had to go the illegal route. If he had not, he'd now be one of the richest people on earth.

Even on vacations he'd get on 4:30 AM, then call it quits around 12:00. That was vacation for him lol.

Boesky was the real crook IMO.

J said...

Steve, you are playing with words. Trading in bonds is legal and you are gratuitiously harming a person's hardearned prestige and legitimate business. Be a man, recognize your error and apologize sincerely.

Anonymous said...

Honcho is not regal. I suggest High Yield Hidalgo, if you want to stick with H words.

Anonymous said...

Actually if you want to do it right it should read: "the high-yield(*) honcho."

* Past performance is not judge of future performance.

Icepick said...

So can I get a Comedic Douche Swap (CDS) on my Cuckolded Dumb Oligarch (CDO) portfolio? I've got large trenches of Homewrecking Opportunists (HOs) to get rid of, too.

Anonymous said...

http://www.theoccidentalobserver.net/2014/04/donald-sterlings-remarks/

"The Donald Sterling affair is the latest example where Americans get to engage in a cathartic orgy of hatred against “White racism.” Another affirmation that attitudes that Blacks are inferior are ubiquitous among Whites, only waiting to slip out in an unguarded moment. Another affirmation of the new religion of White evil.
What is rarely mentioned in the media and never emphasized is that Sterling is Jewish and therefore unlikely to identify with White America. On the other hand, the New York Times apparently wants you to think he’s a Southerner, implying that his attitudes are typical of White Southerners, not Jews. There is also virtually no mention that he rationalizes his attitudes by what’s going on in Israel. He says “‘It’s the world! You go to Israel, the Blacks are just treated like dogs.” He says there are White Jews and Black Jews, and they are treated 100% differently.’” Which is quite true."

If Sterling is like a southerner, then the Jewish-dominated media must be like Bundy the rancher.

They steer the news to suit their interests.

Indeed, that is a far more insidious form of racial bigotry happening here: Jews trying to dump their own prejudices on others.

Anonymous said...

Milken is like a southerner!

Anonymous said...

Can we at least refer to Millken as a convicted felon? Also when did Noseferatu become NBA commissioner? Surprised he could make a statement before sundown.

Anonymous said...

http://fivethirtyeight.com/features/race-gap-narrows-in-college-enrollment-but-not-in-graduation/

You can affirm but not confirm.

Anonymous said...

http://fivethirtyeight.com/features/inequality-in-college-towns/

Bastions of liberalism and inequality

Anonymous said...

Bond equality!!

'Gay marriage' is real marriage, and junk bond is a real bond.

Just call Milken the Undocumented Bond Community Leader.

Anonymous said...

Indeed, that is a far more insidious form of racial bigotry happening here: Jews trying to dump their own prejudices on others.

Trying?

TRYING?!?

Well, there is no famine.

dearieme said...

The mucho moolah monarch.

Anonymous said...

As I think a couple of other commenters noted in other threads, this whole fiasco would make a great Tom Wolfe novel- A decrepit old billionaire's (probably unfaithful) mistress, at the urging of her low-rent scumbucket lawyer, entraps her Sugar Daddy into saying something kinda racist, at which point a coalition of other financial wheeler-dealers (including a millionaire ex-basketball player who is beloved despite his sordid past, a defrocked bond trader, and other secretive plutocrats) whip the soft-brained heads of the news media into a racially-charged feeding frenzy.

Throw in a nearly-fatal shooting by an unhinged maniac and a subplot about a Modern artist or a pretentious academic, and I'd buy that book.

Anononymous said...

What's wrong with junk bonds?

Anonymous said...

Given HBD and all that jazz are there are any Indian billionaires called Dennis?