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Michael Milken
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To the Editor:
Paul Craig Roberts, reviewing James B. Stewart’s Den of Thieves [Books in Review, March], comments that Michael Milken’s vulnerability stemmed largely from the circumstance that Milken “had made huge amounts of money, for himself and others, by activities the ordinary person could not understand.” I am certainly to be counted as such a person, and I cannot claim to have any clear understanding of how Milken carried on his business or to what degree an objective cognoscente (if such exists) would regard his methods as criminal. Mr. Roberts is undeniably a cognoscente, and maybe he is objective, too. His criticism of the Stewart account is the most plausible and most persuasive I have seen, and I am grateful to COMMENTARY for making it available.
All during the “affair Milken,” I had the troubling impression that Michael Milken . . . had been tried and found guilty long before he and his accusers gathered in Judge Wood’s courtroom. I am very sympathetic to Mr. Roberts’s conclusion that the case ought to be reopened and the public made privy to the truth.
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