Page 3 - Ivan Boski News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> 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. until a few years ago, a little known firm. it shot to the top of the world by junk bonds,igh interest and high risk. the commission says drexel and the head of his junk bond department made a secret dea 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.

Corporations in panama. >> it was the first time the s.e.c. has been able to nail down insider trader. somebody with a million dollar a year salary which apparently wasn't enough. >> insider trading could become wall street's watergate. plea bargaining is under way. >> authorities might be able to develop a list of new suspects. >> we start the investigation, and once his lawyer advised him that his in his interest to cooperate, he would give you the information. to him, it was just another deal. >> i think the judge made it clear that he would have given a heavier sentence except for the coop...

>> it was the first time the s.e.c. has been able to nail down insider trader. somebody with a million dollar a year salary which apparently wasn't enough. >> insider trading could become wall street's watergate. >> authorities might be able to develop a list of new suspects. >> we start the investigation, and once his lawyer advised him that his in his interest to cooperate, he would give you the information. to him, it was just another deal. >> i think the judge made it clear that he would have given a heavier sentence except for the cooperation. >> dennis levine was one guy doing insider tr...

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 sto...

>> many of america's small investors have been appalled. >> i think they should put them in jail. >> more than 48 cases of insider trading bought by rudolph giuliani. >> he had the aura of being the best man in law enforcement to do it. >> if you do get caught, you are going to lose your liberty and go to prison. >> today, the market was off more than 40 points. this after it was learned that ivan boesky was talking, and then some. >> this is like arresting the madame of a brothel and finding her private book of clients. >> this guy takes a fall and all over wall street they're practically jum...