Famed financier Michael Milken has slammed lenders for repeating the financial mistakes of past crises and triggering the banking turmoil that has seen three banks fail within the space of two months.
In an interview with CNBC’s “Last Call” program on Tuesday, Milken, a famed investor and the founder of economic think tank the Milken Institute, argued that America’s recent banking failures had been brought about by basic strategy errors.
