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Murdoch is the only contemporary figure who can be spoken of in the same breath as the great press barons of yesteryears. Murdoch’s contemporary press barons were bit players by comparison, either because they failed to match his global scope or because they flamed out. But was he good or bad for journalism?
Law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking
Defense. all he had was bargaining power. who could he deliver? >> levine was a fish, boesky was a shark. who is the whale they're going to catch? >> i don't know. >> drexell? >> well that's possible. >> in the middle of all this is drexel. burnham lambert. little know company but selling junction 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. came but milken betrayed his client and earned $6.5 million more at the client's expense. >> authorities ar...