Mike Milken For Treasury SecretaryPaul Craig Roberts
At the beginning of this year, The Wall Street Journal reported that the "junk-bond market had another record year in 1993." The story went on to say that "last year's $68 billion-plus total is nearly twice 1992's record issuance--and equal to the total raised from 1982 through 1986," the years spanning the apex of Michael R. Milken's career.
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