Clerical era: Iran’s elections
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The Rise and Fall of Mike Milken
This chapter examines the emergence of junk bonds in the 1980s and the controversial legacy of financier Mike Milken. It discusses his aggressive financial strategies, the legal challenges he faced, and the shifting perspectives on his contributions to the finance industry. Ultimately, it suggests that Milken's influence fostered access to finance for smaller companies, despite the controversies that marked his career.
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