Wall St. Is Minting Easy Money From Risky Loans. What Could Go Wrong?

Contributing sentiments towards policy:

66% : Mr. Milken went to jail for violating federal securities laws, Drexel went belly up, and some of the companies financed with junk bonds eventually declared bankruptcy.
48% : The new venture would not be a bank, but would operate almost like one -- without the regulatory restrictions and government oversight that had made traditional banks skittish about this market.

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