This case of point is an excellent example how to make some money the ‘smart way’. It can be duplicated to other firms, in other countries.
The three questions posed here are not easy to answer. But the feasibility is out of question.
Need a team to execute, and need implicit nod from the junk bond buyers (suckers as proxies of other innocent investors). Looking at Milken’s feats, one cannot help but want to be a copycat.