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Review title: Insider trading expose
Product review: An expose of the 1980's insider trading scandals on Wall Street and how they came to be. The story is focused around the rise and fall of Michael Milken, Dennis Levine, Ivan Boesky and many others who have invented and popularized the concepts of junk bonds and leveraged buyouts (LBO). The schemes and transactions were extremely elaborate and complex, involving many people and touching virtually every investment house on Wall Street - so while it's easy to focus on the main perpetrators, it is the general pattern how this came to be that I found the most interesting.The book offers a lot of detail, names, and captures the spirit of the times. Given the complexity of all the transactions and the number of people involved, I'm sure many of the facts can and have been disputed, but nonetheless, this is a piece of Wall Street economic history everyone should be familiar with.
