Transcripts for CNN The Eighties 20191201 04:27:00 : vimarsa

CNN The Eighties December 1, 2019 04:27:00

>> he's the guy that t. boone pickens goes to and most people haven't heard of him. >> that's the way he likes it. he doesn't care about publicity and pride. he just cares about doing deals and having power. >> he was this shadowy howard hughes-like figure that you never saw, you just heard. >> it was milken's genius that created an entire market and fueled this takeover phenomena. >> we romanticize these characters. the fact of the matter, these are fat cats, first cousins to the financial manipulators, the robber barons of the late 19th century. >> they're trying to make a buck by doing nothing and putting people out of work. >> economists agree that some unemployment, some hardship is unavoidable in making the united states lean and mean again. but the takeover specialists call it corporate restructuring.

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