The "highly confident letter" was a financing tool created by investment bankers at Drexel Burnham Lambert, dominated by Michael Milken, in the 1980s. Its objective was to enable corporate raiders to launch leveraged buyout (LBO) offers without the debt component of their financing package fully in place.
Drexel Burnham Lambert dominated in the 1990s.
The "highly confident letter" was a financing tool created by investment bankers at Drexel Burnham Lambert, dominated by Michael Milken, in the 1980s. Its objective was to enable corporate raiders to launch leveraged buyout (LBO) offers without the debt component of their financing package fully in place.

Based on the paragraph above can we conclude that "Drexel Burnham Lambert dominated in the 1990s."?

Options: 

 - yes

 - it is not possible to tell

 - no
it is not possible to tell
The "highly confident letter" was a financing tool created by investment bankers at Drexel Burnham Lambert, dominated by Michael Milken, in the 1980s. Its objective was to enable corporate raiders to launch leveraged buyout (LBO) offers without the debt component of their financing package fully in place.

Based on the paragraph above can we conclude that "Drexel Burnham Lambert dominated in the 1990s."?

Options: 

 - yes

 - it is not possible to tell

 - no
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