David Bahnsen Says Time Is Right for Milken Pardon

The transcript discusses the potential pardon of Michael Milken, highlighting the timing and rationale behind it. It explores Tesla's use of high yield bonds, a financial instrument popularized by Milken, and the broader implications for capital markets. The conversation touches on the President's opportunity to address past prosecutorial errors and Milken's significant economic contributions. It also examines the legal aspects of Milken's case, including his securities fraud conviction and its implications.

Why does the speaker believe the time is right for a pardon for Michael Milken?

• Milken's contributions to technology are being recognized.

• The economy is in a downturn.

• Milken has requested a pardon.

• The President is currently granting many pardons.

What financial instrument did Michael Milken popularize that Tesla has utilized?

• Treasury bonds

• Junk bonds

• Convertible bonds

• Municipal bonds

How does the speaker view the junk bond craze of the 1980s?

• As a minor event in economic history

• As a temporary financial trend

• As a valid aspect of capital markets

• As a mistake in financial history

What does the speaker say about the effect of a pardon on Milken's securities fraud conviction?

• It would partially reverse the conviction.

• It would lead to a new trial.

• It would completely reverse the conviction.

• It would have no effect on the conviction.

What is the speaker's reaction to the idea of Milken seeking a reversal of his conviction?

• He thinks it is a common request.

• He believes it is unnecessary.

• He is surprised by the notion.

• He fully supports the idea.