Row 41916

Row ID: 41916 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 41916 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

By the mid-1980s, the whisper that “Boesky is buying” could move markets and provide the lubrication that corporate raiders and others needed to pull off a deal. Never a raider or a banker himself, Boesky became a sought after ally of financiers like Michael Milken who were eager to keep the deals flowing, even as the mergers became more misguided and the bonds sold to finance them became junkier.

In November 1986, Boesky pleaded guilty to conspiracy, unravelling not only his own myth building, but also the careers of Milken, against whom Boesky provided evidence, and others. Milken’s investment bank, Drexel Burnham Lambert, collapsed soon after.

In the wake of the Boesky trading scandal, Congress and the Securities and Exchange Commission passed new rules that defined insider trading for the first time, leading to an era of increased enforcement and providing a road map for future investigations into Wall Street malfeasance.

FieldValue
text By the mid-1980s, the whisper that “Boesky is buying” could move markets and provide the lubrication that corporate raiders and others needed to pull off a deal. Never a raider or a banker himself, Boesky became a sought after ally of financiers like Michael Milken who were eager to keep the deals flowing, even as the mergers became more misguided and the bonds sold to finance them became junkier. In November 1986, Boesky pleaded guilty to conspiracy, unravelling not only his own myth buildin…
label r/securityanalysis
dataType comment
communityName r/SecurityAnalysis
datetime 2024-05-22
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Raw Record

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  "text": "By the mid-1980s, the whisper that “Boesky is buying” could move markets and provide the lubrication that corporate raiders and others needed to pull off a deal. Never a raider or a banker himself, Boesky became a sought after ally of financiers like Michael Milken who were eager to keep the deals flowing, even as the mergers became more misguided and the bonds sold to finance them became junkier.\n\n\n\nIn November 1986, Boesky pleaded guilty to conspiracy, unravelling not only his own myth building, but also the careers of Milken, against whom Boesky provided evidence, and others. Milken’s investment bank, Drexel Burnham Lambert, collapsed soon after.\n\n\n\nIn the wake of the Boesky trading scandal, Congress and the Securities and Exchange Commission passed new rules that defined insider trading for the first time, leading to an era of increased enforcement and providing a road map for future investigations into Wall Street malfeasance.",
  "label": "r/securityanalysis",
  "dataType": "comment",
  "communityName": "r/SecurityAnalysis",
  "datetime": "2024-05-22",
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Entry Information