Milken deserves more than just a pardon — he deserves our thanks

Lawyers’ Forum

By E. Michael Ciesla

E. Michael Ciesla is the principal of Ciesla Law Firm in Northbrook and holds an LL.M. in business transactions. He can be reached at mciesla@ciesla.legal.

Posted February 21, 2020 11:19 AM

President Donald Trump’s recent grants of clemency once again thrust former Gov. Rod Blagojevich into the spotlight while overshadowing a pardon that was long overdue.Michael Milken almost single-handedly created an entire market which provided financial opportunities for business entrepreneurs that were otherwise shut out of the traditional lending routes — usually because traditional banks could not accommodate the size and sophistication of the financing activities Milken created.Companies such as Time …

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