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Junk bond casino opens in Israel

Posted By admin On July 5, 2007 @ 11:31 am In economy, feature | 5 Comments

The infamous Milken Institute launched junk bond program for Israeli north. Milken Institute is a quasi-academic offshoot set up by Michael Milken, jailed in the US for machinations with junk bonds. Milken is barred from investment activity, and set up the Milken Institute as nominally non-financial front for his dirty operations.
Milken envisages a patriotic junk bond casino for Israeli north affected by the Lebanon war. As other Milkenís schemes, this one will milk the investors.
Milken Institute asked Israeli government to assist the scam.

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