Part 3: Chapter 10, 'Drexel is like a God' Summary and Analysis

Since Milken was established in the United States, he began to look to overseas markets and as such, held a mini-Predators' Ball in Tokyo on November 10. The Drexel people believed that the Japanese were ready to invest in the junk bond market. They were always investors in triple-A instruments. Milken planned to use the same formula that had been successful in the United States. He would build a base of investors, and then target providing financing for small firms who he would then later help raid the bigger firms in Japanese industry. Milken though the process would be much faster in Japan than it had been in the United States.

Drexel was even described as being a god that could do whatever they wanted in the niche they were...