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The Predator's Ball : The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders new-arrivals-150422 High-class call girls billed toDuring the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. He invented such things as the highly confident letter (Im highly confident that I can raise the money you need to buy company X) and the blind pool (Heres a billion let us help you buy a company), and he financed the biggest corporate raidersmen like Carl Icahn and Ronald Perelman. And then, on September 7, 1988, things changed. The Securities and Exchange