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Drexel Burnham Lambert

also referred to as: drexel

5 statements across 2 episodes · 1 bullish · 2 bearish · 2 people on the record · first statement Aug 30, 2024 by Wilbur Ross · said 30 times in 2 episodes since 2024 · across every show →

Mentions by year

brought up most by Richard Sandler (24), Wilbur Ross (3), Joe Lonsdale (3)

tap a year for its mentions
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011202420252026episodes it came up in
00150.5301202420252026episodesmentions per episode
2026 27 mentions in 1 episode
2024 3 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Drexel Burnham Lambert, oldest first

Aug 30, 2024 negative
Assertion Not checkable as stated
Wilbur Ross: Milken's junk bonds directly drove an increase in corporate bankruptcies
“When he was inventing deliberately junk bonds at Drexel, Burnham, and Lambert, you knew putting out that much highly leveraged debt would result in many more bankruptcies than before.”
Wilbur Ross Aug 30, 2024 ▶ 3:47 A Conversation with Wall Street Legend & U.S. Commerce Secretary Wilbur Ross · Joe Lonsdale
Aug 30, 2024
Assertion Supported
Ross: Drexel's Market Share Fell from 70% to 40% Before Bankruptcy
“Drexel went from 70% market share to 40%, went from being the most profitable firm on Wall Street to being bust.”
Wilbur Ross Aug 30, 2024 ▶ 6:38 A Conversation with Wall Street Legend & U.S. Commerce Secretary Wilbur Ross · Joe Lonsdale
Apr 24, 2026 neutral
Assertion Supported
Sandler: Milken received about 30% of department profits for bonus allocation
“Mike's deal that he'd made from Drexel at a time when it was a very small market was that something like 30, 30 some odd percent of the profits of his department would go to the bonus pool he could allocate.”
Richard Sandler Apr 24, 2026 ▶ 14:29 From Wall Street King to Federal Prison: Michael Milken's Story · Joe Lonsdale
Apr 24, 2026 positive
Assertion Partly supported
Sandler: Drexel financed Turner, Wynn, MCI, and Pulte when Wall Street wouldn't
“Of bonds for companies, and companies such as Ted Turner, Steve Wynn, MCI Communications Pulte Homes, all these companies that could never gotten financing before were now able to get financing and grow, and the market grew from that.”
Richard Sandler Apr 24, 2026 ▶ 13:35 From Wall Street King to Federal Prison: Michael Milken's Story · Joe Lonsdale
Apr 24, 2026 negative
Assertion Supported
Sandler: Drexel's settlement forced Milken's firing and barred employee contact
“Part of the deal with the government was they had to get rid of Michael Milken Not only did they have to get rid of Michael Milken, but under the deal they made with the government, no employee of Drexel was allowed to discuss any business matter with Mike.”
Richard Sandler Apr 24, 2026 ▶ 27:31 From Wall Street King to Federal Prison: Michael Milken's Story · Joe Lonsdale
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