President Trump’s time in office is undoubtedly one of the more unique periods in American political history, and recently he has turned his attention to righting what he sees as wrongs within the financial sector. That attention, in the past few days, has been directed to providing clemency for convicted criminals – often referred to as ‘white collar criminals’. There are few of particular note and, probably chief amongst them all, is the so-called ‘Junk Bond King’ of the 1980s Michael Milken, the former head of the high-yield department at Drexel Burnham Lambert. In this post we will get to know these figures a little more and look at President Trump’s almost-revisionist agenda. Michael Milken’s story is truly fascinating and there are a number of accounts of this story in the literature. One such book is The Predator’s Ball that attempts to provide an account of the incredible world oh high-yield high-risk finance that took hold in the late 1980s. The ‘Predator’s Ball’ was ...