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Battle of legends: Milken vs. Lipton

Martin Lipton, the legendary lawyer, says the financial crisis stems from the invention of the junk bond so many years ago. As the New York Times notes, Michael Milken begs to differ. He tells the Read more...

How much private equity blood will spill?

Blackstone Group's 90 percent plunge in first quarter profits sent another shudder down the spine of the private equity industry. The Carlyle Group's credit fund woes certainly aren't helping things, Read more...