Robin Wigglesworth
speaker
1,983 appearances
13 recordings
1 series
first heard May 2026
last heard 12 Aug
Robin Wigglesworth’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 13 in all, peaking in Jul 2026 with 5.
Appearances
And it it happens to be about
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One of the people I find the most fascinating, pretty much in financial history, uh, Michael Milken.
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So, Mike Milken, for the people that don't know him, in the 1980s, he sat inside an investment bank called Drexel Burnham Lambert, and he became known as the junk bond king.
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And he wasn't just frankly the king of the junk bond market.
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He was its creator, its godfather.
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He really kind of conjured it up almost not quite out of thin air, but not far from it.
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Junk bonds, they are essentially bonds issued by companies that are not rated investment grade by one of the the big credit rating agencies.
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And anything below triple B is essentially considered junk or below investment grade.
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Essentially it's the way the credit rating
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agency says, you know, there be dragons.
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I'd love to hear how Mike Milken and his junk bong machinery fits into this story because that was also another big factor that came in and powered this phenomenon, right?
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Well, CNN as well.
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CNN was financed entirely by junk bonds.
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So Ted Turner, it was something obviously Ted Turner recently passed away and maybe as a bit of a bond nerd, I was almost disappointed to see the lack of mentions of Mike Milken's role in in birthing CNN in all the obituaries for Ted Turner.
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Well yes, but the other interesting thing about this article uh is that it also brings up a lot of questions from critics.
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And there were critics at the time, and they weren't sort of labor union officials from companies being dismembered.
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They're from the Wall Street elite that are also a little bit concerned about this phenomenon.
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Uh there's a quote here from uh a a senior partner at the investment bank, Lazard, uh Hetty
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engine and we all know who he is, but it's Felix Rowatin.
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Who the FT describes as one of the most respected Wall Street bankers, but really is frankly a legend on Wall Street.
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Showing 1201–1220 of 1,983 · page 61 of 100
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