and wall street big shots began wetting their -- well, you get the idea. >> of course, he was guilty. there was going to be more defense. all he had was bargaining power. >> levine was a fish, boesky was a shark. who is the whale they're going to catch? >> i don't know. >> in the middle of all this is drexel. it shot to the top of the high stakes world by specializing in so-called junk bonds. >> the commission says drexel and the head of his junk bond department made a secret deal with ivan boesky to make millions illegally. >> california company wics was planning a takeover. he bought the stock, made profit but milken betrayed his client and earned $6.5 million more at the client's expense. >> authorities are worried that further disclosures resulting from the affair may weaken public confidence in financial