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Apr 1, 2015 · The tale of Drexel Burnham Lambert's unlikely rise, gargantuan heights, and calamitous fall is the story of Wall Street. ... It made Drexel executives and their allies rich, Milken made $550 ...
- Stuck in Seattle
About 20 workers wearing hard hats and reflective vests...
- Betting The Farm
$35,100,000,000 $27,200,000,000 $40,800,000,000 through...
- Stuck in Seattle
Nov 24, 2022 · Senate Banking Housing and Urban Affairs Committee heard testimony on conditions surrounding the collapse of the investment firm Drexel Burnham Lambert which...
- 62 min
- 490
- 1987StockMarketCrash
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10,000 (1986) [1] Drexel Burnham Lambert Inc. was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States.
Mar 2, 1990 · Senate Banking Housing and Urban Affairs Committee heard testimony on conditions surrounding the collapse of the investment firm Drexel Burnham Lambert which declared bankruptcy last month after ...
- 62 min
- 508
Feb 14, 1990 · February 5, 1990: Drexel Burnham Lambert Inc. reports loss of $40 million on revenues of $4.1 billion for 1989. February 13, 1990: Drexel Burnham Lambert Group, the holding company, is strapped ...
Feb 14, 1990 · The parent, the Drexel Burnham Lambert Group Inc., filed for protection from its creditors under Chapter 11 of the Federal Bankruptcy Code late last night, a few hours after the company's board ...
Feb 13, 2015 · The Drexel collapse, 25 years later. Drexel Burnham Lambert, the investment bank famous for high-yield or "junk" bonds, filed for bankruptcy on Feb. 13, 1990 after several years of legal troubles ...