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I have respect for Michael Milken, and have avidly read some other publications of his Institute. I wonder particularly whether the date of this lecture was stated, and I missed it? It is a very interesting idea, investing in our own undercapitalized domestic "emerging markets," such as blighted urban areas. I think some version of this may really be a signpost to solving many issues of our times (and the planet's future). But then Mr. Milken couples this with securitization, and I'm scratching my head, wondering, isn't this what was tried circa 1998-2008? Isn't this what the coalition of Dems and Repubs nudged the whole financial system into doing? And wasn't that the nexus of our global financial implosion? That's why I'm confused as to when this lecture was made, or whether I am missing something here. I will try to find more from him on this, perhaps of clearly recent vintage, and more thorough.
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What could have made this a 4 or 5-star listening experience for you?
should not be sold anymore
Would you ever listen to anything by Michael Milken again?
Any additional comments?
No one who buys this would do so, if they knew it was a 2002 ////PRE 2007 crash, commentary