Remember Drexel Burnham Lambert? How about Michael Milken?
DBL was the company driven to bankruptcy by illegal activities, and Michael Milken went to jail.
Well, guess who formed the financial products segment of AIG, the business segment that is reportedly the downfall of AIG today? Would you believe former Drexel Burnham Lambert employees?
http://www.portfolio.com/news-markets/top-5/2008/09/28/AIGs-Derivatives-Run-Amok?page=1#page=1
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