David Bahnsen argued that Milken did not commit any crime worthy of prosecution or prison time and that history has been kinder to junk bonds.
Some investors have not been put off by bitcoin's rollercoaster year, however, with billionaire PayPal cofounder Peter Thiel backing new ventures.
Bond traders at some of the world’s largest banks have more than $50 billion riding on the success of the exchange-traded fund market.
Human frailty only takes you so far, even in an industry built on people. If you want to achieve institutional scale, the people need to recede.