"Michael Milken was perhaps the first “corporate raider” in history. " Milken was not a corporate raider. He financed raiders, but never raided companies himse

"Michael Milken was perhaps the first “corporate raider” in history. " Milken was not a corporate raider. He financed raiders, but never raided companies himself. This article is riddled with errors. "Milken’s insight led him to buy junk bonds when they were cheap, knowing full well that the government would bail out these large corporations and allow him to reap huge profits when they did." Actually, he used studies dating decades to demonstrate that high-yield bonds outperformed other investments. Bailouts were a pretty minor part of this.