Trump: What's The Deal? | Journeyman Pictures

Transcript

Trump: What’s the Deal

Trump: What’s the Deal? – Dialogue List (incl. some lyrics)

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[narrator] Some years ago, we made a documentary

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about Donald Trump.

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It wasn''t flattering.

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Trump''s screamed and shouted and threatened lawsuits.

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And it was never broadcast.

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But now, we think it''s time for you to see it.

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''Cause the new Trump, and the old Trump,

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are the same Trump.

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I never thought I''d be doing this. I''ve to tell you.

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So just everybody have a good time

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enjoy yourselves, and for many years enjoy the Trump Shuttle.

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[narrator] It seems hard to believe

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what that triumphant ride on the Trump Shuttle was barely three years ago.

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It feels like so much longer.

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Nothing marks the end of the 1980s, the decade of greed

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more than the downfall of Donald Trump.

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But who is this man who rose so high and fell so fast.

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Very good. Give it to that girl right over there.

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He presents himself marvelously.

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But the Donald Trump that I saw in real life,

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was very different.

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-There we get to talk about this. -Mr. Trump!

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I believe that Donald Trump, uh...

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would be a very unhappy man

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if no one paid any attention to him.

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He skirts the law

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in the sense that he goes right up to the edge

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and sometimes over it.

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-Can you leave it with me... -Okay.

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He talks a good game. But he lacks character.

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I mean it''s the American dream gone berserk, really it is what it is.

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[narrator] But it wasn''t only Trump

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sometimes friends and long time critics, who told us about his flaws.

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Trump himself unknowingly predicted his own fate.

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I think one of the most important aspects of the book is,

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I''m trying to find people who don''t have it.

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''Cause most people don''t have it.

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And that''s the sad part. And they wanna have it.

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And they go out and they lose

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their money, they lose their families, they lose everything.

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And it''s a sad situation. But you see a lot with these hucksters

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that are in television selling deal brooks and selling records.

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They never made ten cents in their life. But now they''ve become wealthy

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selling the records. Most of them have gone bankrupt over the last year.

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So, I guess they didn''t sell as many records as they thought.

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You know, they sell. And these people

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put up their $500, and worse they go out and they borrow money

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against leverage and this and that.

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Things that can''t work.

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And I feel very sad for those people.

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[narrator] Donald Trump hasn''t had time to feel sorry

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for anyone in the last year.

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He''s been too busy trying to save himself.

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It''s so different now from his hay day

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when he only had to want something to get it.

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[narrator] It is easy to see that Trump is in trouble now.

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His ego is bruised. His empire reeling.

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But to find out why

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you must turn back the clock to look for the clues.

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We begin our story in the fall of 1988.

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With Donald Trump at the top of his game.

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Here he is at a political dinner

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honoring Andrew Stein, President of the New York City Council.

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[Jimmy] Trump is a hustler.

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If a big guy, a rich guy puts his arm around a politician

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often that''s better than money.

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''Cause the politicians love anybody who has money.

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[narrator] Trump puts more than his arms around politicians.

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He''s a frequent and generous campaign contributor to the Council President.

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He''s explaining to Stein that the contributions

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of some of his New Jersey associates

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are in violation of the new campaign laws.

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He''s going to take them back

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and fix the problem.

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...right now. What? Andrew Stein, what?

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If you don''t mind I''ll take a pass and get ''em corrected. You don''t mind, do you?

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He doesn''t miss a beat doing.

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Nor does he miss a camera turned in his direction.

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Boy, there''s a lot of coverage tonight.

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He was the best known businessman in America.

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Compared to Lee Iacocca he was Schwarzenegger.

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He was Stallone.

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Maybe he was even Elvis.

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Look, I''m making him a star.

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He gets more headlines for what he doesn''t do

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than what he does. ''Cause he''s news just by showing up.

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Here he is, at a charity event.

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It''s at the Plaza Hotel. Then his newest toy.

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His wife Ivana, just had some very appealing cosmetic surgery.

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Don Johnson and Melanie Griffith were along for the ride.

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Not surprisingly, the press forgot all about the charity.

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It was a time when celebrities dominated the news.

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Thanks to their press agents

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the rich were the celebrities in the 1980s.

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Trump, in particular.

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No matter what he said or did,

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no one asked the hard questions.

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[Der]In merchandising the apartments in some tower,

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he would plant articles in the newspaper

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suggesting that the Prince of Wales was gonna take an apartment.

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And Sophia Loren was gonna take an apartment.

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Wouldn''t it be wonderful to see Sophia sitting in her bathtub

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overlooking Central Park, and all kinds of wonderful stories.

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It''s a 58 story building.

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Although if you ask Mr. Trump how tall it is,

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it''s actually 68. He skipped 10 floors in the numbering system.

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''Cause it''s much more exiting to live on the 55th floor

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than it is on a 45th floor.

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It drove the fire department absolutely crazy

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''cause they lost 10 floors in the building that they couldn''t find.

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This is salesmanship.

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And Trump knows how to do it better than anybody.

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As you and I were discussing, it''s become the number one attraction

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in New York.

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The best hotel casino anywhere in the world.

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The biggest gross in the gaming business.

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It''s said to be the greatest yacht in the world.

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The finest transportation operation anywhere in this country.

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The largest building privately financed ever built in the world.

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The biggest selling broker, one of them of the decade.

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The best apartments in the world...

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This really turned out to be mystical. It''s been great.

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No area of the news was immune from the Trump high.

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When Gorbachev came to New York for a summit in 1988,

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Trump saw a chance for a PR bonanza.

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The week before he arrived,

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all the television stations in New York, said that

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Gorbachev was planning a visit to Trump Tower.

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Some of them even printed in the paper that this was going to happen.

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At no time was Trump Tower even tentatively schedule

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as a place for Gorbachev to visit.

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It''s almost a text book example of a publicity stunt.

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Which worked. And which has worked on many other occasions for him.

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Trump also considered himself immune from criticism.

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Even by a Pulitzer prize winning architectural critique.

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I mean you have an idiot like Paul Goldberger

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who has probably the worst taste I''ve ever seen.

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Any time he gives a good...

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I get scared when he gives me a good review.

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''Cause most of the time when he gets more reviews they''re not successful buildings.

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But you have a guy like Paul Goldberger,

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who comes in, he''s gonna fight this stuff,

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Why? Because I said weird things about him in my book.

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Because I said he suffers from a lack of taste.

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Which he does.

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Just take a look at the way he dresses.

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Trump is possibly the only developer who has sued in architectural critique

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for a bad review.

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It was Paul Gapp, the critique of the Chicago Tribune,

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It was a nuisance lawsuit, it was done just to harass

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Paul Gapp in the Chicago Tribune.

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Ultimately, it went nowhere.

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Which is where it deserved to go.

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[narrator] By this time it seemed Trump could

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say almost anything about almost anybody.

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Do you mind if I sit back a little bit ''cause your breath is very bad.

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It really is.

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Has this ever been told you before.

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Huh? Okay. Then I won''t bother.

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That''s how you get the edge.

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Who cared about Trump''s abrasive behavior.

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Everybody loved his toys.

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[female reporter]For me, a fantasy fulfilled.

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To leave Donald Trump, the money mogul with the minus touch asking,

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"Who''s been sitting in my chair?

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Who''s been drinking my Champagne?

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And who''s been sleeping in my bed?"

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Why that little old Channel 10nnews reporter, me...

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that''s who, Sheela Allen-Stephens.

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What did you do with it?

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No matter what happened then,

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everybody remembered one thing Donald Trump had done.

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Donald, you performed a great public service.

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That was on November 13th, 1986.

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When Trump completed the reconstruction of the public ice staking rink

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in New York Central Park.

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For five years, the rink had been closed,

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as the city spent $12 million trying to fix it.

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Then Donald Trump stepped in.

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He said he''d fix it fast and on budget.

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And he did.

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People even thought he''d done it for nothing.

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It is a level of confidence, and we drive and we push and we get things done.

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Trump got paid in full.

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Some of his contractors didn''t.

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And that''s a story that didn''t get told.

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[Vincent] "I want you to work," he says, "but this one

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caveat, that is that the work has to be pro bono."

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And I said, "Pro bono" I mean

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my goodness. I''m Italian American and bono has to be Italian, I''ll go for it.

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Well, little did I know that pro bono meant free for the public good.

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But in reality, what he was asking us to do

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was to supply the services for the rink

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and to dispense any profits or expenses.

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Back then, Donald Trump was no ordinary rich man.

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He was the people''s billionaire.

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You like him? You like him?

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I''m telling you.

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Why didn''t your daughter bring him home?

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Across the street from the skating rink was the St. Moritz Hotel.

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Trump bought it a year earlier.

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He called it a brilliant deal.

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No one bothered to look below the surface.

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He said he paid $31 million.

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The real price was $70 million.

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In 1988, he sold the hotel to Alan Bond,

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the Australian Donald Trump.

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Bond paid a whopping $180 million.

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That, said Trump, gave him a $100 million profit.

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Conveniently he forgot to subtract his costs.

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So conveniently did the press.

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When Trump brought stock, the financial press listened.

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And the financial press wrote.

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And people read, and people bought.

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And Trump sold, and Trump made money.

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Then came the crash of 1987 and Trump posted

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"I got out whole. I didn''t lose a dime."

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And the financial press wrote.

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But like everyone else Trump lost.

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Resorts, Alexander''s, MCA.

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He owned them all. And there were others.

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Even when Trump flaunted his marital infidelity,

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editors covered his tracks for him.

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A professional photographer took these pictures of Trump,

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his wife Ivana, and his close and personal friend Marla Maples

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in Aspen over Christmas 1989.

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He tried to sell them. But for six weeks

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he couldn''t find a buyer.

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During the ''80s, the cult of the rich

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and of great wealth and great ostentatiousness was very much in.

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He met a need for the press.

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The press needed a poster boy for the ''80s, an emblem,

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a short hand way of telling people what was happening

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in the culture.

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But as the new decade began the poster boy of the ''80s

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woke up to find himself on the media''s ten most wanted list.

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Although no one has raised to be first

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with the story of the Trump divorce,

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there was an Olympic size competition not to be last.

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[John] The devastating thing about the Marla flap

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is that it could open Trump to ridicule the first time.

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And that is very deflating, it''s not only deflating but

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it turns the publicity machine around.

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Although lovable quirks on the way up

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looks very foolish if not stupid on the way down.

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And it''s gonna be, uh...

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It''s very hard for him to come back from this kind of ridicule.

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Overnight it seems America turned from

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a fascination with what Trump has

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to what he could lose.

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- Do you wish it''d all go away? - Absolutely.

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In the old days, that is just a few months earlier,

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Trump had the power to dismiss the press.

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To make reporters accept his claims as facts.

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Now, the press wouldn''t go away.

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And though the stories were about numbers,

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it was easy to see the numbers were working against him.

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Look at this chart.

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00:14:07,959 --> 00:14:12,417

Which is based on a report from the New Jersey Casino Control Commission.

260

00:14:12,417 --> 00:14:13,875

By the middle of 1990,

261

00:14:13,875 --> 00:14:18,667

only three of trump''s 22 assets were profitable.

262

00:14:18,792 --> 00:14:19,875

Trump wasn''t rich.

263

00:14:19,875 --> 00:14:23,333

His net worth was minus $294 million

264

00:14:23,333 --> 00:14:24,999

at the present market value.

265

00:14:24,999 --> 00:14:28,999

He owned one bank alone, $993 million.

266

00:14:28,999 --> 00:14:31,792

Only slightly less the bank had loaned to

267

00:14:31,792 --> 00:14:34,333

the entire country of Venezuela.

268

00:14:34,667 --> 00:14:36,333

There''s nothing the press loves more than

269

00:14:36,333 --> 00:14:40,041

bringing down the person it built up yesterday.

270

00:14:40,375 --> 00:14:42,041

Once he had been cover ofTime.

271

00:14:42,041 --> 00:14:47,000

When his new book came out it was reviewed on the back page.

272

00:14:47,000 --> 00:14:48,999

And the review was scathing.

273

00:14:48,999 --> 00:14:50,917

"Inside every fat ego," it starts,

274

00:14:50,917 --> 00:14:55,291

"there must be a thin self revealing book struggling to get out."

275

00:14:55,291 --> 00:14:57,917

The review didn''t spare his wife either.

276

00:14:57,917 --> 00:15:00,458

Was Ivana''s plastic surgeon under the impression

277

00:15:00,458 --> 00:15:05,208

that she was entering the witness protection program, it asked.

278

00:15:05,999 --> 00:15:09,999

But the press alone couldn''t slay the media monster it created.

279

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For a moment the book shot to the top of the best seller list,

280

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before disappearing like Judge Crater.

281

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In the world beyond New York,

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he is Donald Trump, self made billionaire.

283

00:15:28,999 --> 00:15:32,083

But in Brooklyn, he''s still Fred Trump''s son.

284

00:15:32,083 --> 00:15:37,208

And in Brooklyn, theyremember it was Fred Trumpnwho built the family fortune.

285

00:15:37,208 --> 00:15:40,125

Fred Trump used to be here almost every day,

286

00:15:40,125 --> 00:15:40,999

he had his sons here.

287

00:15:40,999 --> 00:15:43,999

And he was teaching them the business from the ground up.

288

00:15:43,999 --> 00:15:46,999

Donald was one of those customers,

289

00:15:46,999 --> 00:15:49,125

who had a hot dog every day.

290

00:15:49,125 --> 00:15:52,375

On few occasions he would say to me that,

291

00:15:52,542 --> 00:15:54,542

"This must be a good business."

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00:15:54,542 --> 00:16:00,166

I''d say it''s a good business. I''m making a living. But I think yours is a little better.

293

00:16:00,250 --> 00:16:03,208

When Fred Trump started out,nhe built wood shingle houses.

294

00:16:03,208 --> 00:16:06,125

During world war II, he constructed homes for the military.

295

00:16:06,125 --> 00:16:10,792

When the war ended, using his political connections and little of his own money,

296

00:16:10,792 --> 00:16:15,999

he turned his attention to giant developments in New York''s outer boroughs.

297

00:16:15,999 --> 00:16:18,041

Today, he still owns them.

298

00:16:18,041 --> 00:16:20,750

It was decent but never good. The service.

299

00:16:20,750 --> 00:16:23,999

And they pat answer they give you here at maintenance is,

300

00:16:23,999 --> 00:16:26,667

"This is not Manhattan. You get Brooklyn service here."

301

00:16:26,667 --> 00:16:29,917

Whatever that means. I''ve no idea what that means.

302

00:16:29,917 --> 00:16:32,500

The walls are gonna fall down before you hear from the service.

303

00:16:32,500 --> 00:16:35,583

I''m just fortunate not to be senior service engineer.

304

00:16:35,583 --> 00:16:38,834

That''s what makes it absolutely not knowing service at all.

305

00:16:38,834 --> 00:16:43,959

Nothing. Because if they move out from their $150 a month apartment,

306

00:16:43,959 --> 00:16:47,750

to rental up to 6, 700. But they''re afraid.

307

00:16:47,750 --> 00:16:50,999

The senior citizens, they''re between a rock and a hard place.

308

00:16:50,999 --> 00:16:52,750

They''re afraid to complain.

309

00:16:53,458 --> 00:16:55,917

[narrator] Fred Trump taught his son how to be tough.

310

00:16:55,917 --> 00:16:59,999

And from childhood on, Donald had his own builders'' vision.

311

00:16:59,999 --> 00:17:05,250

He used to build the most beautiful, um... buildings.

312

00:17:05,250 --> 00:17:08,500

With building equipment and everything.

313

00:17:08,500 --> 00:17:11,999

He was great even when he was a little guy.

314

00:17:12,125 --> 00:17:14,125

Donald was one of five children.

315

00:17:14,125 --> 00:17:15,999

And while he was adored at home,

316

00:17:15,999 --> 00:17:18,999

he was a behavior problem at school.

317

00:17:18,999 --> 00:17:22,917

I was sent to a military academy because I was really a problem.

318

00:17:22,917 --> 00:17:25,999

I was a very difficult guy for my parents.

319

00:17:25,999 --> 00:17:28,667

Then at Foredom andnthe Wharton School of business

320

00:17:28,667 --> 00:17:31,250

he missed the turbulent ''60s.

321

00:17:31,250 --> 00:17:35,999

In 1969, when most of the people in their early 20s

322

00:17:35,999 --> 00:17:39,542

who were from upper middle class backgrounds

323

00:17:39,542 --> 00:17:43,333

at Ivy League colleges were marching and...

324

00:17:43,333 --> 00:17:46,291

storming the gates, Donald Trump was reading

325

00:17:46,291 --> 00:17:49,542

FHA foreclosure notices in Philadelphia, Pennsylvania

326

00:17:49,542 --> 00:17:53,083

looking for houses that he could take over and rebuild.

327

00:17:53,083 --> 00:17:56,583

Donald Trump had learned that for many real estate developers

328

00:17:56,583 --> 00:18:00,250

lawsuits are just part of the cost of doing business.

329

00:18:00,250 --> 00:18:02,000

Fred Trump was charged twice with making

330

00:18:02,000 --> 00:18:05,999

windfall profits on Government Finance Brooklyn Developments.

331

00:18:05,999 --> 00:18:07,917

After the completion of Trump Village,

332

00:18:07,917 --> 00:18:11,875

he was forced to returnn$1.2 million in overestimates.

333

00:18:11,875 --> 00:18:17,125

But not before he built a private shopping center on his property.

334

00:18:17,999 --> 00:18:20,083

There were more fortunes to be made in Brooklyn.

335

00:18:20,083 --> 00:18:22,999

But Brooklyn was comfortable, Brooklyn was boring.

336

00:18:22,999 --> 00:18:27,041

And most of all, Brooklyn was his father''s turf.

337

00:18:27,208 --> 00:18:30,542

One way to think about Donald Trump is, uh...

338

00:18:30,542 --> 00:18:32,750

John Travolta inSaturday Night Fever.

339

00:18:32,750 --> 00:18:36,166

Ah... He''s the guy from ocean parkway in his mind.

340

00:18:36,166 --> 00:18:39,667

Though he grew up with a father who had a lot of money.

341

00:18:39,667 --> 00:18:43,667

He grew up in a very middle class way in his own mind.

342

00:18:43,667 --> 00:18:45,583

And certainly crossing the bridge

343

00:18:45,583 --> 00:18:49,375

Nwas a huge thing for him to do,nand something his father

344

00:18:49,375 --> 00:18:50,875

never wanted to do.

345

00:19:37,792 --> 00:19:41,999

New York was facing bankruptcywhen Donald Trumpncrossed the bride.

346

00:19:41,999 --> 00:19:44,417

To some it looked like twilight for the city.

347

00:19:44,417 --> 00:19:48,625

But what Donald Trump saw was a bright new dawn.

348

00:19:57,999 --> 00:20:01,834

Donald was the young man, was the second generation boy.

349

00:20:01,834 --> 00:20:03,000

He was gonna conquer Manhattan.

350

00:20:03,000 --> 00:20:05,417

And he stood with me watching this park

351

00:20:05,417 --> 00:20:08,458

after we had an intense negotiation.

352

00:20:08,458 --> 00:20:11,417

In which we fought and as we often did.

353

00:20:11,417 --> 00:20:15,999

And he pointed to all these buildings around, just about here.

354

00:20:16,667 --> 00:20:17,458

And he said to me,

355

00:20:17,458 --> 00:20:20,792

"I''m gonna be bigger than Helmsley in five years."

356

00:20:20,792 --> 00:20:23,417

Trump made his first move for two large sites.

357

00:20:23,417 --> 00:20:26,792

A few miles apart and bordering on the Hudson River.

358

00:20:26,792 --> 00:20:29,333

They were owned by the Penn Central Railroad.

359

00:20:29,333 --> 00:20:30,999

But the railroad was bankrupt.

360

00:20:30,999 --> 00:20:32,999

And the properties were up for sale.

361

00:20:32,999 --> 00:20:36,500

As Donal Trump saw it, the opportunity was ready made.

362

00:20:36,500 --> 00:20:41,291

The railroad was looking for a developer who was politically connected.

363

00:20:41,834 --> 00:20:44,041

I knew that right away,

364

00:20:44,041 --> 00:20:45,999

that he didn''t fit the standard mold.

365

00:20:45,999 --> 00:20:49,709

And that all the people have to pass on this.

366

00:20:49,709 --> 00:20:52,000

All of them. Right up the line.

367

00:20:52,000 --> 00:20:54,999

There would be trouble if you like put it...

368

00:20:54,999 --> 00:20:57,250

probably "Who the hell is Donald Trump?"

369

00:20:57,250 --> 00:20:59,917

And why are we contracting

370

00:20:59,917 --> 00:21:04,291

what could be a $100 million worth of real estate

371

00:21:04,291 --> 00:21:07,000

with this unknown young man.

372

00:21:07,000 --> 00:21:10,750

The 28-year-old Trump, wouldnsolve the problem brilliantly

373

00:21:10,750 --> 00:21:12,333

as he would in the years ahead.

374

00:21:12,333 --> 00:21:15,999

No money down, juggle the facts when necessary,

375

00:21:15,999 --> 00:21:18,291

and use your political connections.

376

00:21:18,291 --> 00:21:22,333

He took Aikler, to meet then Mayor Abraham Beame.

377

00:21:22,333 --> 00:21:22,999

He put his arm around

378

00:21:22,999 --> 00:21:27,291

after I took a few minutes to tell Mayor why I was there.

379

00:21:27,542 --> 00:21:30,542

And he put his arm around Donald''s father.

380

00:21:31,041 --> 00:21:32,999

And he said to me,

381

00:21:33,208 --> 00:21:36,375

"Whatever Mr. Trump wants in this town, he gets."

382

00:21:36,375 --> 00:21:40,959

He had a very good father who knew how to get things done

383

00:21:40,959 --> 00:21:43,000

and he lined a lot...

384

00:21:43,583 --> 00:21:46,083

Fred Trump and A. Beame had been childhood friends.

385

00:21:46,083 --> 00:21:50,999

And Beame benefited from large Trump campaign contributions.

386

00:21:50,999 --> 00:21:51,999

So did Governor Hugh Carey.

387

00:21:51,999 --> 00:21:54,917

Who would help Donald Trump again and again.

388

00:21:54,917 --> 00:21:59,875

Another close advisor was Trump''s lawyer, the notorious Roy Cohn.

389

00:21:59,875 --> 00:22:03,041

Whether he could''ve done these things, uh...

390

00:22:03,041 --> 00:22:06,999

without his father''s influence,

391

00:22:06,999 --> 00:22:08,041

or his father''s resources,

392

00:22:08,041 --> 00:22:12,166

I don''t know, I don''t think you''d get an ordinary 28-year-old...

393

00:22:12,166 --> 00:22:17,750

you know, options on three such magnificent piece of real estate.

394

00:22:17,999 --> 00:22:19,000

Trump was his father''s son.

395

00:22:19,000 --> 00:22:22,709

He tried to build federally financed housing on one of the sites.

396

00:22:22,709 --> 00:22:26,458

When that failed, he found a new way to get money from the government.

397

00:22:26,458 --> 00:22:27,625

With a little help from his friends,

398

00:22:27,625 --> 00:22:32,999

Trump got the city''s huge new convention center built on his land.

399

00:22:32,999 --> 00:22:36,999

"I''ll give up my $4.4 million brokerage fee," he said,

400

00:22:36,999 --> 00:22:40,792

"if the city will name the Convention Center for my father."

401

00:22:40,792 --> 00:22:44,125

Everyone thought thatnwas unusually public spirited.

402

00:22:44,125 --> 00:22:45,000

Until it was discovered that

403

00:22:45,000 --> 00:22:49,625

Trump was only entitled to fee of less than $600,000.

404

00:22:49,625 --> 00:22:53,999

The Convention Center was named for US Senator, Jacob Javits.

405

00:22:53,999 --> 00:22:57,917

But the Penn Central also owned the rundown Commodore Hotel

406

00:22:57,917 --> 00:22:59,542

right next to Grand Central station.

407

00:22:59,542 --> 00:23:01,291

I wouldn''t have taken the Commodore if he gave it to me.

408

00:23:01,291 --> 00:23:05,917

and I didn''t know anybody in New York who''d take it if he gave it to them.

409

00:23:05,917 --> 00:23:07,999

But one day he looked at me and he said,

410

00:23:07,999 --> 00:23:11,999

"I''m gonna buy the Commodore for $10 million.

411

00:23:13,250 --> 00:23:17,333

I''m going to get Jay Pritzker

412

00:23:17,333 --> 00:23:20,250

at Hyatt to manager. Turn it into a Hyatt.

413

00:23:20,250 --> 00:23:26,667

And I''m gonna get Equitable to provide $75 million to rehabilitate it."

414

00:23:26,667 --> 00:23:28,917

To the point where it was almost new construction,

415

00:23:28,917 --> 00:23:32,999

"I''m gonna tear it down to the skeleton, and then redo it."

416

00:23:32,999 --> 00:23:35,999

And I said, "You''ve really gone crazy."

417

00:23:35,999 --> 00:23:39,999

There was more exaggeration than truth in the way Trump lined up

418

00:23:39,999 --> 00:23:40,999

his partners for this project.

419

00:23:40,999 --> 00:23:45,458

By suggesting he already had the option on the hotel, when he didn''t.

420

00:23:45,458 --> 00:23:51,834

Years later he''d patent tacticslike this calling themn"truthful hyperbole."

421

00:23:51,834 --> 00:23:54,583

Trump''s men went to work obtaining necessary

422

00:23:54,583 --> 00:23:55,999

approvals and huge tax breaks

423

00:23:55,999 --> 00:24:00,000

designed for construction of hospitals and low income housing.

424

00:24:00,000 --> 00:24:01,999

Lawyer Roy Cohn was on the job.

425

00:24:01,999 --> 00:24:04,542

As was Stanley Friedman, a Deputy Mayor,

426

00:24:04,542 --> 00:24:06,875

who''d soon join Cohn''s firm.

427

00:24:06,875 --> 00:24:08,999

Years later, in an unrelated matter

428

00:24:08,999 --> 00:24:10,875

Friedman went to jail for his part

429

00:24:10,875 --> 00:24:14,208

in one of the city''s worst corruption scandals.

430

00:24:14,291 --> 00:24:17,999

Back then the project was approved on the last day

431

00:24:17,999 --> 00:24:19,625

of the Beame administration.

432

00:24:19,625 --> 00:24:21,709

Trump and his upscale hotel walked off

433

00:24:21,709 --> 00:24:25,166

with one of the largest tax breaks in city history.

434

00:24:25,166 --> 00:24:28,792

Worth an estimated $200 million.

435

00:24:28,792 --> 00:24:32,375

I got everything I wanted. 40 years of tax abatement.

436

00:24:32,375 --> 00:24:34,000

He would say "How did you get 40 years?"

437

00:24:34,000 --> 00:24:35,999

I said, "''Cause I didn''t ask for 50."

438

00:24:35,999 --> 00:24:37,125

That was... It was so easy.

439

00:24:37,125 --> 00:24:41,583

I don''t blame Donald Trump, for asking for whatever he could.

440

00:24:41,583 --> 00:24:45,417

He''s a private developer in business to make money.

441

00:24:45,417 --> 00:24:48,375

He had no obligation to the city.

442

00:24:48,375 --> 00:24:50,999

In fact he was being helpful, because without him

443

00:24:50,999 --> 00:24:52,500

the site might not have been developed.

444

00:24:52,500 --> 00:24:55,999

It''s up to the city, to the Board of Estimate, to the Mayor,

445

00:24:55,999 --> 00:24:58,750

to stand fast and to negotiate a deal

446

00:24:58,750 --> 00:25:00,999

which not only allow the property to be developed

447

00:25:00,999 --> 00:25:04,333

but was in the best financial interest to the taxpayers.

448

00:25:04,333 --> 00:25:07,166

For that time and for the future.

449

00:25:07,166 --> 00:25:09,458

That the city failed to do.

450

00:25:09,458 --> 00:25:12,291

[narrator] Trump was no longer a kid from Brooklyn.

451

00:25:12,291 --> 00:25:14,500

He was an established developer.

452

00:25:14,500 --> 00:25:15,291

And something else.

453

00:25:15,291 --> 00:25:17,792

He was the king of tax abatements.

454

00:25:17,792 --> 00:25:19,583

In the 1980s, other developers would

455

00:25:19,583 --> 00:25:23,542

follow his lead until building luxury housing with tax abatements

456

00:25:23,542 --> 00:25:28,709

became almost as popular as junk bonds and yellow ties.

457

00:25:40,417 --> 00:25:45,291

There''s nothing more pleasingto a developer than the wordsn"No money down."

458

00:25:45,291 --> 00:25:48,083

At the Commodore Hotel, Trump saw first hand

459

00:25:48,083 --> 00:25:50,834

the incredible lightness of leverage.

460

00:25:50,834 --> 00:25:51,834

So he tried it again.

461

00:25:51,834 --> 00:25:54,999

The rundown neighborhood to build up this time though,

462

00:25:54,999 --> 00:25:56,667

it was literally a tiffany location.

463

00:25:56,667 --> 00:26:01,083

Adjacent to the fame store on Fifth Avenue, in the heart of Manhattan.

464

00:26:01,083 --> 00:26:03,999

Here he would build a metaphys to himself.

465

00:26:03,999 --> 00:26:06,999

A retail atrium, all marble and bronze.

466

00:26:06,999 --> 00:26:08,542

Thirteen floors of offices.

467

00:26:08,542 --> 00:26:11,041

The rest, expensive apartments.

468

00:26:11,041 --> 00:26:11,959

Trump Tower.

469

00:26:11,959 --> 00:26:15,999

Donald called me up one day in my office about quarter to 12,

470

00:26:15,999 --> 00:26:19,000

he said meet me at Bonwit Teller in 15 minutes.

471

00:26:19,000 --> 00:26:21,250

Naturally I dropped everything I was doing

472

00:26:21,250 --> 00:26:22,999

and came right over here.

473

00:26:22,999 --> 00:26:24,250

The first thing Donald said,

474

00:26:24,250 --> 00:26:25,999

"Isn''t it the greatest location in the world?

475

00:26:25,999 --> 00:26:29,834

We''re gonna build the most exciting building in the world here."

476

00:26:29,834 --> 00:26:33,917

If the Hyatt had been a term paper in doing business in New York,

477

00:26:33,917 --> 00:26:36,417

the Tower was a doctoral thesis.

478

00:26:36,417 --> 00:26:37,792

Here''s how it worked.

479

00:26:37,792 --> 00:26:39,458

Again, get someone to finance it.

480

00:26:39,458 --> 00:26:43,999

Equitable had been in on the Hyatt and owned the land under Bonwits.

481

00:26:43,999 --> 00:26:45,458

For a 50 percent interest,

482

00:26:45,458 --> 00:26:47,041

Equitable will pay him to build.

483

00:26:47,041 --> 00:26:51,542

Then, get the players who can deal with the city, state, and community.

484

00:26:51,542 --> 00:26:53,792

Again Roy Cohn came on board.

485

00:26:53,792 --> 00:26:56,458

Finally find a way to get approval to replace

486

00:26:56,458 --> 00:27:00,792

a seven story building with a 58 story tower.

487

00:27:00,792 --> 00:27:04,291

Trump was determined to have every square foot he could have.

488

00:27:04,291 --> 00:27:05,125

And so the battle began.

489

00:27:05,125 --> 00:27:09,291

And it took us 15 months, Lot of shivers up our backs.

490

00:27:09,291 --> 00:27:11,625

Never knowing we''re gonna win or not win.

491

00:27:11,625 --> 00:27:16,917

But Trump is a brilliant task master at maneuvering behind the scenes,

492

00:27:16,917 --> 00:27:20,125

politically as well as in the real estate world.

493

00:27:20,375 --> 00:27:22,166

And he succeeded.

494

00:27:22,166 --> 00:27:24,667

One again Trump got millions in tax abatements

495

00:27:24,667 --> 00:27:29,291

by finding a loopholein the law designed to promotenmiddle income housing.

496

00:27:29,291 --> 00:27:31,959

To neutralize the opposition in future battles,

497

00:27:31,959 --> 00:27:34,291

he soon hired the city''s housing chief

498

00:27:34,291 --> 00:27:37,500

who had opposed him on those tax abatements.

499

00:27:37,500 --> 00:27:40,875

In 1986, after the building had been completed,

500

00:27:40,875 --> 00:27:42,917

Trump broke one of his cardinal rules.

501

00:27:42,917 --> 00:27:45,250

He bought out his partner Equitable.

502

00:27:45,250 --> 00:27:46,875

And that cost him money.

503

00:27:46,875 --> 00:27:47,999

No matter at what seemed then,

504

00:27:47,999 --> 00:27:50,583

if the Hyatt had made him a player in New York,

505

00:27:50,583 --> 00:27:53,583

Trump Tower had made him a player in the world.

506

00:27:53,583 --> 00:27:57,959

Trump Tower was Reagen eranbeauty come true for everyone.

507

00:27:57,959 --> 00:27:59,542

Trump was praised for his work.

508

00:27:59,542 --> 00:28:01,709

Even by the critique he loved to hate.

509

00:28:01,709 --> 00:28:04,999

I''ve never minded the atrium that much as a work of design.

510

00:28:04,999 --> 00:28:07,166

A lot of people find it too good to see,

511

00:28:07,166 --> 00:28:10,250

that uh... rosy pink apricot,

512

00:28:10,250 --> 00:28:12,999

whatever you call it, peach colored marble.

513

00:28:12,999 --> 00:28:14,375

I found it kind of neat actually.

514

00:28:14,375 --> 00:28:17,999

It''s uh... it''s sensual, it''s almost sexy.

515

00:28:17,999 --> 00:28:20,083

Ah, it''s one of the few cases in which

516

00:28:20,083 --> 00:28:24,291

somebody who''s managed to make glitz aesthetically convincing.

517

00:28:24,291 --> 00:28:27,792

I liked very much, the Trump Tower

518

00:28:27,792 --> 00:28:29,667

because uh...

519

00:28:29,667 --> 00:28:30,417

Especially the lobby,

520

00:28:30,417 --> 00:28:34,417

because it says exactly what it is intended to say which is,

521

00:28:34,417 --> 00:28:39,792

"Spend, spend, spend as if you''ve never spend before."

522

00:28:39,999 --> 00:28:41,208

What about the apartments?

523

00:28:41,208 --> 00:28:43,250

At $1 million for two bedrooms,

524

00:28:43,250 --> 00:28:45,999

they''re some of the most expensive in the city.

525

00:28:45,999 --> 00:28:47,542

Trump boasts, "They are the best."

526

00:28:47,542 --> 00:28:52,917

The molding, the base molding is the cheapest... It''s for housing projects

527

00:28:52,917 --> 00:28:56,000

The kitchen... If I was in a housing project

528

00:28:56,000 --> 00:28:57,999

I would''ve had a better built kitchen

529

00:28:57,999 --> 00:29:00,000

than what Donald Trump has at the Trump Tower.

530

00:29:00,000 --> 00:29:02,083

The kitchens were...

531

00:29:04,291 --> 00:29:10,709

I''ve never seen more sloppily installed and more cheaply built kitchen cabinets.

532

00:29:10,709 --> 00:29:12,999

All of my clients would rip them out.

533

00:29:12,999 --> 00:29:16,208

The Tower was also home to Trump and his family.

534

00:29:16,208 --> 00:29:19,208

Their 36 room suite had three floors,

535

00:29:19,208 --> 00:29:21,999

a water fall, a hundred foot living room.

536

00:29:21,999 --> 00:29:25,917

And a lavishly decorated ceiling he once compared

537

00:29:25,917 --> 00:29:27,375

to the Sistine Chapel.

538

00:29:27,375 --> 00:29:32,583

Ross McTaggart was the seconddesigner brought in to managenthis remarkable apartment.

539

00:29:32,583 --> 00:29:37,750

I was once in Christy''sFurniture and we werenlooking for some pieces there.

540

00:29:37,750 --> 00:29:40,999

And he focused on Louie the XVI pieces.

541

00:29:40,999 --> 00:29:43,041

Superb, I mean incredible quality.

542

00:29:43,041 --> 00:29:45,999

But he didn''t understand the price. They were estimated to be at

543

00:29:45,999 --> 00:29:48,792

$80 to $120,000 sale. Which wasn''t bad really,

544

00:29:48,792 --> 00:29:51,750

for a 200 year old furniture, that''s in superb quality.

545

00:29:51,750 --> 00:29:56,041

And Blaine Trump, who works at Christy''s happened to be there.

546

00:29:56,041 --> 00:29:57,625

His sister-in-law.

547

00:29:57,625 --> 00:30:00,041

And he said, "Why is this furniture so expensive?

548

00:30:00,041 --> 00:30:02,166

Just because it''s old?"

549

00:30:02,166 --> 00:30:05,333

And she said, "Well, no, it''s the quality.

550

00:30:05,333 --> 00:30:06,999

"It''s incredible, it''s got history."

551

00:30:06,999 --> 00:30:10,375

He turned at me and he said, "My stuff is better than this, that I''m having made."

552

00:30:10,375 --> 00:30:15,291

I said, "Well, actually no, I have a little bit of problem with the furniture

553

00:30:15,291 --> 00:30:18,208

that''s been selected. It''s not this kind of quality."

554

00:30:18,208 --> 00:30:21,999

He said, "No, it''s going to be. It costs a lot of money. It''s going to be.

555

00:30:21,999 --> 00:30:23,834

It''s going to be better than this."

556

00:30:23,834 --> 00:30:25,166

And we started battling.

557

00:30:25,166 --> 00:30:27,709

And he said, "It''s going to be better. He insisted."

558

00:30:27,709 --> 00:30:30,999

And then Blaine shook her head, he looked at her and he said,

559

00:30:30,999 --> 00:30:32,041

"I can get better than this, can''t I?"

560

00:30:32,041 --> 00:30:36,999

She shook her head and said, "Donald, you''re just never going to understand,

561

00:30:37,083 --> 00:30:38,083

are you?"

562

00:30:38,083 --> 00:30:41,999

Workmen pounded away on Trump''s apartment for three years.

563

00:30:41,999 --> 00:30:45,333

His downstairs neighbor stopped making her monthly payments.

564

00:30:45,333 --> 00:30:48,166

Lawsuits flew in both directions.

565

00:30:48,333 --> 00:30:49,250

I wanted to move in here

566

00:30:49,250 --> 00:30:53,917

''cause I thought it was going to be great building with fantastic views.

567

00:30:53,917 --> 00:30:58,166

And also a bigger apartment than what I used to have.

568

00:30:58,166 --> 00:31:03,667

However, I never expected to have all these run-ins with my neighbor,

569

00:31:03,667 --> 00:31:06,959

who is Donald Trump, who lives above me.

570

00:31:07,375 --> 00:31:11,208

And... Since I moved in,

571

00:31:11,208 --> 00:31:14,999

he''s done nothing else but construction.

572

00:31:14,999 --> 00:31:18,999

The building of Trump Tower was the true art of the deal.

573

00:31:18,999 --> 00:31:21,375

Saving money was the key.

574

00:31:21,999 --> 00:31:22,291

Chapter One.

575

00:31:22,291 --> 00:31:25,875

Hire the cheapest demolition contractor you can find.

576

00:31:25,875 --> 00:31:28,458

Even though he has little experience.

577

00:31:28,625 --> 00:31:30,041

Trump hired William Keske

578

00:31:30,041 --> 00:31:32,999

whose principal business was window washing.

579

00:31:32,999 --> 00:31:37,166

Keske, in turn hired what became to be known as the Polish Brigade.

580

00:31:37,166 --> 00:31:40,375

More than 200 immigrants with no working papers

581

00:31:40,375 --> 00:31:42,583

who are paid one third the union rate

582

00:31:42,583 --> 00:31:44,999

and worked under difficult conditions.

583

00:31:44,999 --> 00:31:48,250

Years later, deny you ever knew they were there,

584

00:31:48,250 --> 00:31:50,625

even though you visited the site.

585

00:31:50,625 --> 00:31:52,375

They were sleeping in the building,

586

00:31:52,375 --> 00:31:53,999

they had no protective equipment,

587

00:31:53,999 --> 00:31:56,834

all the OSHA requirements were being ignored.

588

00:31:56,834 --> 00:31:59,291

They had no masks, they had no gloves.

589

00:31:59,291 --> 00:32:02,083

They were stripping wires with their bare hands.

590

00:32:02,083 --> 00:32:03,875

Hot electrical wires.

591

00:32:04,250 --> 00:32:04,792

Chapter Two.

592

00:32:04,792 --> 00:32:08,250

Don''t tell anyone that the building contains asbestos.

593

00:32:08,250 --> 00:32:12,625

The reason, asbestos is costly to remove and dispose off.

594

00:32:12,625 --> 00:32:15,709

Trump says, he isn''t legally responsible.

595

00:32:15,709 --> 00:32:18,000

The law says, he is.

596

00:32:19,291 --> 00:32:23,208

The danger which was involved in working there,

597

00:32:26,250 --> 00:32:28,917

because all the wires,

598

00:32:32,417 --> 00:32:34,125

lot of construction,

599

00:32:34,999 --> 00:32:37,999

it was covered with asbestos.

600

00:32:37,999 --> 00:32:38,500

Chapter Three.

601

00:32:38,500 --> 00:32:41,917

Hire a waste trawler who doesn''t care what he carts,

602

00:32:41,917 --> 00:32:44,333

and knows how not to leave tracks.

603

00:32:44,333 --> 00:32:47,208

Trump''s demolition contractor got Eddie Garofalo.

604

00:32:47,208 --> 00:32:51,750

Identified by law enforcement officials as mob connected.

605

00:32:51,750 --> 00:32:54,500

In august of 1990, while reportedly cooperating with

606

00:32:54,500 --> 00:32:58,667

federal authorities investigating racketeering in the construction trade,

607

00:32:58,667 --> 00:33:03,166

Garofalo was shot to death gangland style in his driveway.

608

00:33:03,166 --> 00:33:05,999

In the dead man''s pocket a wad of cash

609

00:33:05,999 --> 00:33:10,166

and a high rated comp card for the Trump Taj Mahal.

610

00:33:10,917 --> 00:33:11,250

Chapter Four.

611

00:33:11,250 --> 00:33:14,083

When the demolition begins, appear to be public spirited.

612

00:33:14,083 --> 00:33:18,999

Promise artifacts from the building to the Metropolitan Museum of Arts.

613

00:33:19,999 --> 00:33:20,375

Chapter Five.

614

00:33:20,375 --> 00:33:24,667

Jack hammer the artifacts when you learn the cost of saving them.

615

00:33:24,667 --> 00:33:28,041

The demolition contractor allegedly said that,

616

00:33:28,041 --> 00:33:30,999

it was going to take a long time or longer time

617

00:33:30,999 --> 00:33:35,417

to take those heavy paddles down before anybody could make a decision

618

00:33:35,417 --> 00:33:39,291

Trump apparently gave the orders to have them demolished.

619

00:33:39,750 --> 00:33:40,208

Chapter Six.

620

00:33:40,208 --> 00:33:42,999

Threaten the lawyer that the Polish illegals hired

621

00:33:42,999 --> 00:33:46,125

after your cheap contractor defaults on paying them.

622

00:33:46,125 --> 00:33:48,333

Make sure that the threats are untraceable,

623

00:33:48,333 --> 00:33:50,208

in case the guy isn''t scared off.

624

00:33:50,208 --> 00:33:55,083

Mr. Barren had told me in the one telephone conversation

625

00:33:55,083 --> 00:33:56,999

that I had with him.

626

00:33:56,999 --> 00:34:00,792

That Donald Trump was upset because I was ruining his credit,

627

00:34:00,792 --> 00:34:04,208

reputation by filing the mechanics leans.

628

00:34:04,208 --> 00:34:05,375

And I...

629

00:34:05,375 --> 00:34:07,250

Mr. Trump was thinking of filing a...

630

00:34:07,250 --> 00:34:12,999

a personal lawsuit against me for $100 million for defaming his, uh...

631

00:34:13,542 --> 00:34:14,083

reputation.

632

00:34:14,083 --> 00:34:18,542

It turned out thatMr. Barren was Donald Trump''snfavorite alias.

633

00:34:18,542 --> 00:34:21,166

When this was revealed Trump said, "What of it?

634

00:34:21,166 --> 00:34:24,333

Ernest Hemingway used a pen name, didn''t he?"

635

00:34:24,999 --> 00:34:25,458

Chapter Seven.

636

00:34:25,458 --> 00:34:27,875

Manage to stay out of trouble when your contractor

637

00:34:27,875 --> 00:34:32,625

is tried, found guilty, and fined for not paying his Polish illegals.

638

00:34:32,625 --> 00:34:35,917

At any moment this should have fallen out of bed.

639

00:34:35,917 --> 00:34:38,999

Now, the people you gotta ask the questions to

640

00:34:38,999 --> 00:34:43,041

is over in Newark, New Jersey, the Department of Justice,

641

00:34:43,041 --> 00:34:46,166

where, interestingly enough, Donald''s sister worked.

642

00:34:46,166 --> 00:34:48,375

She was the number three person in the office.

643

00:34:48,375 --> 00:34:50,333

He says the US attorney said,

644

00:34:50,333 --> 00:34:52,625

"Don''t mention the name Trump inside here.

645

00:34:52,625 --> 00:34:57,625

If you wanna talk about Trump, just say, ''Let''s go outside and take a walk.''"

646

00:34:57,625 --> 00:35:02,875

At the time Trump''s sister wasan assistant in the USnAttorney''s Office in Newark.

647

00:35:02,875 --> 00:35:05,667

Today she''s a Federal Judge.

648

00:35:05,959 --> 00:35:06,250

Chapter Eight.

649

00:35:06,250 --> 00:35:11,583

Have Daniel Sullivan make peacebetween the union and non-unionnworkers on the Tower.

650

00:35:11,583 --> 00:35:14,999

In late July, July 27th, Donald called me

651

00:35:14,999 --> 00:35:18,417

and asked me if he''s come to New York

652

00:35:18,417 --> 00:35:20,917

because he had a major problem.

653

00:35:20,917 --> 00:35:22,875

The employees he represented

654

00:35:22,875 --> 00:35:27,500

on demolition bond with the Teller building, we gonna hang one of his vice presidents,

655

00:35:27,500 --> 00:35:29,375

Tom Macary off the building.

656

00:35:29,792 --> 00:35:30,542

Prevent the hanging,

657

00:35:30,542 --> 00:35:33,041

but a decade later face legal charges that you

658

00:35:33,041 --> 00:35:36,792

defrauded the Union Pension and Welfare Fund.

659

00:35:37,375 --> 00:35:40,291

[male reporter] What do you think, you''re gonna beat this?

660

00:35:42,000 --> 00:35:42,834

Chapter Nine.

661

00:35:42,834 --> 00:35:46,208

To build the largest concretenstructure in New York city,

662

00:35:46,208 --> 00:35:47,792

turn again to Roy Cohn.

663

00:35:47,792 --> 00:35:50,792

Cohn is also the lawyer for the New York crime boss

664

00:35:50,792 --> 00:35:52,792

who controls the concrete business.

665

00:35:52,792 --> 00:35:55,999

Pay offs from contractors arendropped off at Cohn''s office,

666

00:35:55,999 --> 00:35:58,999

so he may get paid twice for his services here.

667

00:35:58,999 --> 00:36:01,834

But then, you get who you pay for.

668

00:36:01,834 --> 00:36:06,291

Conclusion, in every respect the building was pure Trump.

669

00:36:06,291 --> 00:36:10,041

Behind every facade another facade.

670

00:36:10,041 --> 00:36:12,792

When you''re going to spend the kind of money

671

00:36:12,792 --> 00:36:14,999

that we''ve spent on a building where we

672

00:36:14,999 --> 00:36:16,792

spend before the finest marble,nfor the finest bronze,

673

00:36:16,792 --> 00:36:20,542

the finest everything, you have to be careful to be perfectly honest.

674

00:36:20,542 --> 00:36:22,208

''Cause it really does add to your risk.

675

00:36:22,208 --> 00:36:24,250

Now, we''ve decided to go absolutely first class

676

00:36:24,250 --> 00:36:27,999

ll the way, and it''s somethingnthat we''re happy that we did.

677

00:36:27,999 --> 00:36:30,166

♪ He calls it Trump Tower ♪

678

00:36:30,166 --> 00:36:36,333

♪ It''s Money power that will Get you up where you want ♪

679

00:36:36,333 --> 00:36:38,709

♪ To be ♪

680

00:36:47,500 --> 00:36:49,125

Around the corner from Trump Tower

681

00:36:49,125 --> 00:36:50,999

was another golden opportunity for Trump.

682

00:36:50,999 --> 00:36:56,000

He found two neighboring buildings on Central Park South and bought them.

683

00:36:56,000 --> 00:36:57,208

One was a hotel.

684

00:36:57,208 --> 00:36:58,999

The other was a problem.

685

00:36:58,999 --> 00:37:00,333

It was an apartment house,

686

00:37:00,333 --> 00:37:02,041

and it was occupied.

687

00:37:02,208 --> 00:37:03,709

In 1981,

688

00:37:03,709 --> 00:37:06,875

a group of tenants 100 Central Park South,

689

00:37:06,875 --> 00:37:08,875

ah... came to interview me,

690

00:37:08,875 --> 00:37:10,834

and discuss a problem they had.

691

00:37:10,834 --> 00:37:13,166

Apparently Donald Trump had bought the building,

692

00:37:13,166 --> 00:37:15,333

and started spreading rumors immediately,

693

00:37:15,333 --> 00:37:19,250

they intended to evict all of the tenants and demolish the building,

694

00:37:19,250 --> 00:37:20,375

and build a tower.

695

00:37:20,375 --> 00:37:23,999

This man walks in and makes a blanket statement.

696

00:37:23,999 --> 00:37:27,250

"You''re all evicted. I''m Donald Trump, get out of our building."

697

00:37:27,250 --> 00:37:29,999

They hired one of the worst companies in New York,

698

00:37:29,999 --> 00:37:33,291

who''re specialists in basically emptying buildings.

699

00:37:33,291 --> 00:37:36,041

Previously censured by the Attorney General''s office.

700

00:37:36,041 --> 00:37:38,041

They''ve a record there this long.

701

00:37:38,041 --> 00:37:41,083

And, uh, that firm went to work on us.

702

00:37:41,083 --> 00:37:43,709

And we were told by the superintendent

703

00:37:43,709 --> 00:37:46,667

that they were going to begin looking into our sex life,

704

00:37:46,667 --> 00:37:47,667

our drinking.

705

00:37:47,667 --> 00:37:49,834

Is anyone homosexual or a lesbian?

706

00:37:49,834 --> 00:37:53,458

And what are all these... Where are the weak spots of the tenants?

707

00:37:53,458 --> 00:37:54,625

And they were going to find them.

708

00:37:54,625 --> 00:37:58,542

Tenants were being approached and told that you better move out.

709

00:37:58,542 --> 00:38:00,999

Because if you don''t move out now, you don''t allow us to

710

00:38:00,999 --> 00:38:03,999

put you somewhere else now, you''ll be evicted and you''ll have nothing

711

00:38:03,999 --> 00:38:05,542

You''ll be thrown into the streets.

712

00:38:05,542 --> 00:38:06,959

A woman knocking on the door saying,

713

00:38:06,959 --> 00:38:09,125

"I got to come in and help you. We''ve got a place for you

714

00:38:09,125 --> 00:38:12,250

because tomorrow you''re gonna be out! You''re gonna be out!"

715

00:38:12,250 --> 00:38:14,500

Services were immediately discontinued.

716

00:38:14,500 --> 00:38:18,041

Ah... There were all kinds of problems from...

717

00:38:18,041 --> 00:38:19,959

nThey wouldn''t repair anything

718

00:38:19,959 --> 00:38:24,834

they wouldn''t paint. Elevators out, lack of water.

719

00:38:24,917 --> 00:38:26,166

Problems with electrical.

720

00:38:26,166 --> 00:38:29,333

He brought too many eviction cases against tenants in the building.

721

00:38:29,333 --> 00:38:32,999

Ah... He brought the case to evict every tenant in the building.

722

00:38:32,999 --> 00:38:35,125

In addition, as indicated he brought a lawsuit

723

00:38:35,125 --> 00:38:37,375

against the attorneys representing the tenants in the building.

724

00:38:37,375 --> 00:38:40,999

I can''t think of any other lawsuits he could''ve brought.

725

00:38:40,999 --> 00:38:42,875

He took six people

726

00:38:42,875 --> 00:38:45,041

and told them that they were going to be evicted.

727

00:38:45,041 --> 00:38:47,208

This was a Christmas day lawsuit.

728

00:38:47,208 --> 00:38:51,041

Rebuild your walls, which have been taken down for 30 years now,

729

00:38:51,041 --> 00:38:55,000

within ten days or you''ll be in violation of the substantial

730

00:38:55,000 --> 00:38:56,166

provision of your lease.

731

00:38:56,166 --> 00:38:58,792

The tenants here say that Trump''s harassment has

732

00:38:58,792 --> 00:39:01,542

taken on many forms. For example, they say,

733

00:39:01,542 --> 00:39:06,458

a couple of years ago Trump offered the vacant apartments in this building

734

00:39:06,458 --> 00:39:07,999

to the city''s homeless.

735

00:39:07,999 --> 00:39:13,709

I''m willing to give them heated beautiful apartments.

736

00:39:13,709 --> 00:39:14,542

With services.

737

00:39:14,542 --> 00:39:16,291

And medical services if necessary.

738

00:39:16,291 --> 00:39:18,750

I want a set of cots in this conference room.

739

00:39:18,750 --> 00:39:22,166

Well, I tell you because right here, I don''t have the room.

740

00:39:22,166 --> 00:39:23,458

Over there I do.

741

00:39:23,458 --> 00:39:24,999

New York State, it basically

742

00:39:24,999 --> 00:39:28,999

brought us power to bear on Donald Trump and said, "You can''t do this."

743

00:39:28,999 --> 00:39:30,999

They conducted ten and a half months of hearing,

744

00:39:30,999 --> 00:39:34,291

to find out weather they have a probable cause for a violation.

745

00:39:34,291 --> 00:39:37,750

And found out, yes. Trump had harassed us.

746

00:39:37,750 --> 00:39:42,417

That we were able to also gain access to the media,

747

00:39:42,417 --> 00:39:46,959

to the public interest and therefore the state

748

00:39:46,959 --> 00:39:51,417

in our problems was only a fortuitous event. We''re not

749

00:39:51,417 --> 00:39:54,792

nearly as skilled at public relations as Donald.

750

00:39:54,792 --> 00:39:57,999

This was Trump''s first major defeat in New York.

751

00:39:57,999 --> 00:40:00,500

But he hasn''t left for tenantsnwith much to celebrate.

752

00:40:00,500 --> 00:40:04,834

[Carmel]It has to stop. The present is what I''m really concerned about now.

753

00:40:04,834 --> 00:40:06,792

Because even though we signed an agreement,

754

00:40:06,792 --> 00:40:09,166

it was supposed to be the end of harassment,

755

00:40:09,166 --> 00:40:12,625

Donald Trump, and his people are still trying to

756

00:40:12,625 --> 00:40:14,166

evict tenants in this building.

757

00:40:14,166 --> 00:40:15,959

He wants the world.

758

00:40:15,959 --> 00:40:20,166

But what he wants primarily is Manhattan to be turned

759

00:40:20,166 --> 00:40:26,125

into a Donald Trump Mecca for the super rich.

760

00:40:26,125 --> 00:40:29,250

No room for anyone else.

761

00:40:38,125 --> 00:40:42,500

If Donald Trump had tried to capture the money crowd with Trump Tower,

762

00:40:42,500 --> 00:40:44,834

nothing made him more of a people''s billionaire

763

00:40:44,834 --> 00:40:48,125

then his entrance to the world of professional sports.

764

00:40:48,125 --> 00:40:52,500

The United States Football League was playing an autumn sport in the spring.

765

00:40:52,500 --> 00:40:55,999

Donald Trump bought the New Jersey General''s franchise.

766

00:40:55,999 --> 00:41:01,041

NIt was a team with no playersnanyone would called the bestNor the greatest.

767

00:41:01,041 --> 00:41:03,250

Trump quickly said about changing all that.

768

00:41:03,250 --> 00:41:08,834

Training Doug Flutie and other stars and promoting them and himself.

769

00:41:08,834 --> 00:41:10,125

Quite frankly he loved it because

770

00:41:10,125 --> 00:41:17,959

the United States Football League and the General''s team in particular,

771

00:41:17,959 --> 00:41:21,959

ah... started Donald towards his celebrity status.

772

00:41:21,959 --> 00:41:25,999

What he really wanted was a National Football League franchise.

773

00:41:25,999 --> 00:41:28,750

And he quickly provoked the confrontation by

774

00:41:28,750 --> 00:41:30,417

pushing other USFL owners

775

00:41:30,417 --> 00:41:32,999

into going head to head with the NFL.

776

00:41:32,999 --> 00:41:36,458

Playing in the fold made big money and fame.

777

00:41:36,458 --> 00:41:39,999

His withdrawal would havekilled the league andnDonald was aware of that.

778

00:41:39,999 --> 00:41:42,625

And Donald used that magnificently well.

779

00:41:42,625 --> 00:41:45,583

Ah... Donald never came right out and said

780

00:41:45,583 --> 00:41:50,333

"If you guys don''t go to the fold, I''m gonna take my football and go home."

781

00:41:50,333 --> 00:41:52,583

But it was implied enough so that

782

00:41:52,583 --> 00:41:55,999

you can put two and two together and get four.

783

00:41:55,999 --> 00:41:59,542

Donald was hell bent to get into the NFL.

784

00:41:59,542 --> 00:42:02,959

Either via an accommodation or merger

785

00:42:02,999 --> 00:42:03,458

or a court case.

786

00:42:03,458 --> 00:42:07,709

Which in my opinion, he hoped would lead to a merger.

787

00:42:07,709 --> 00:42:08,750

[narrator] It would take a lawsuit,

788

00:42:08,750 --> 00:42:12,500

and lawsuits were one of Donald Trump''s favorite sports.

789

00:42:12,500 --> 00:42:15,625

He pressured the other owners in joining him.

790

00:42:15,625 --> 00:42:16,999

The results were disastrous.

791

00:42:16,999 --> 00:42:20,834

I believe that Donald felt that he could single handedly win the trial.

792

00:42:20,834 --> 00:42:25,375

If you talk to Donald today he''ll tell you that it was not a defeat.

793

00:42:25,375 --> 00:42:29,667

But the key is whether the USFL won in its

794

00:42:29,667 --> 00:42:31,625

"won the trial or not."

795

00:42:31,625 --> 00:42:35,166

Fact is that the USFL is not playing today.

796

00:42:39,834 --> 00:42:43,625

Boxing, for a time, brought Trump the fame he was seeking.

797

00:42:43,625 --> 00:42:46,834

When Trump landed the Tyson-Spinks Championship fight

798

00:42:46,834 --> 00:42:49,291

he and the other Atlantic City casino operators

799

00:42:49,291 --> 00:42:52,458

realized their greatest gaming jackpots ever.

800

00:42:52,458 --> 00:42:54,375

But that wasn''t enough for Trump.

801

00:42:54,375 --> 00:42:55,999

He wanted to own Mike Tyson.

802

00:42:55,999 --> 00:43:00,625

First he tried to join forces with Bill Cayton, Tyson''s manager.

803

00:43:00,625 --> 00:43:04,166

Trump was rebuffed in his efforts to become Cayton''s partner.

804

00:43:04,166 --> 00:43:07,125

So he said about trying to steal the fighter.

805

00:43:07,125 --> 00:43:08,500

At a celebrity cocktail party,

806

00:43:08,500 --> 00:43:12,583

he''d come over to the table where I was sitting with my family and friends,

807

00:43:12,583 --> 00:43:16,083

put his arm around me, told all people at the table

808

00:43:16,083 --> 00:43:17,208

how wonderful I was.

809

00:43:17,208 --> 00:43:20,999

How much he loved me. How much he appreciated and respected me

810

00:43:20,999 --> 00:43:21,999

for putting together this fight.

811

00:43:21,999 --> 00:43:24,583

He said, "Only you could''ve kept it on track, Bill.

812

00:43:24,583 --> 00:43:27,166

We owe you for getting this fight on."

813

00:43:27,166 --> 00:43:29,999

But then two days later, I found out he was

814

00:43:29,999 --> 00:43:33,083

working with the women against my interests.

815

00:43:33,083 --> 00:43:37,291

When Tyson married to Robin Givens it set up a three cornered power fight

816

00:43:37,291 --> 00:43:40,250

with Givens and her mother Ruth Roper in one corner

817

00:43:40,250 --> 00:43:43,375

Cayton in another and promotednDon King in a third,

818

00:43:43,375 --> 00:43:45,999

Trump saw the answer to everything.

819

00:43:45,999 --> 00:43:47,417

Or so he thought.

820

00:43:47,417 --> 00:43:51,166

Trump has to be involved directly or indirectly

821

00:43:51,166 --> 00:43:53,041

into this.

822

00:43:53,041 --> 00:43:55,999

Into this new scenario for Tyson.

823

00:43:55,999 --> 00:43:59,500

And he got the lawyers and he got the publicists.

824

00:43:59,999 --> 00:44:01,999

Trump had to be behind that.

825

00:44:01,999 --> 00:44:04,917

Trump used Givens and Roper against Cayton.

826

00:44:04,917 --> 00:44:07,709

He even moved them into an apartment in Trump Tower.

827

00:44:07,709 --> 00:44:11,125

But Givens and Tyson didn''t stay married.

828

00:44:11,166 --> 00:44:14,208

When Tyson lost the women,

829

00:44:14,999 --> 00:44:16,208

Trump lost the power.

830

00:44:16,208 --> 00:44:22,041

Because... Trump''s ticket to Tyson were the women.

831

00:44:22,125 --> 00:44:25,999

Though Trump made the wrong bet, he didn''t lose entirely.

832

00:44:25,999 --> 00:44:28,125

Iron Mike may have skipped to another corner

833

00:44:28,125 --> 00:44:30,999

but Trump still gets some of his fights.

834

00:44:30,999 --> 00:44:32,792

And some of the money.

835

00:44:39,999 --> 00:44:43,999

So that''s not the reason I''m here tonight. Let''s not kid ourselves.

836

00:44:43,999 --> 00:44:49,458

I''ll give you a special thanks. And congratulations ''cause this is all good.

837

00:44:49,458 --> 00:44:53,166

Congratulations. Good round for everybody. Thank you very much.

838

00:44:54,208 --> 00:44:56,917

I looked too good to be true and it was.

839

00:44:56,917 --> 00:45:01,500

She was a mother, a wife, a casino executive, a fashion plate.

840

00:45:01,500 --> 00:45:03,709

No wonder she talks so fast.

841

00:45:03,709 --> 00:45:07,999

What''s good for Atlantic City is good for Trump.

842

00:45:07,999 --> 00:45:10,542

Because it''s nice that the city is going to become.

843

00:45:10,542 --> 00:45:12,875

And more visitors we are going to bring,

844

00:45:12,875 --> 00:45:16,667

not only Trump but Atlantic City is going to benefit from.

845

00:45:16,667 --> 00:45:18,667

Like everything else in Trump''s story

846

00:45:18,667 --> 00:45:22,083

the fact his publicity machinenground out about Ivana,

847

00:45:22,083 --> 00:45:24,542

were just the point of departure.

848

00:45:24,667 --> 00:45:25,500

Born in Czechoslovakia,

849

00:45:25,500 --> 00:45:28,041

she made a marriage of convenience to an Austrian.

850

00:45:28,041 --> 00:45:31,999

Allowing her to leave and join her lover in Montreal.

851

00:45:31,999 --> 00:45:33,166

There she was a runway model.

852

00:45:33,166 --> 00:45:37,834

Not a top fashion model as Trump and his publicist said.

853

00:45:38,208 --> 00:45:39,875

She was an accomplished skier

854

00:45:39,875 --> 00:45:42,999

but not an Olympic skier as publicized.

855

00:45:44,583 --> 00:45:47,083

Donald and Ivananmet in a New York singles bar.

856

00:45:47,083 --> 00:45:51,291

They were married in 1977 by Rev. Norman Vincent Peale.

857

00:45:51,291 --> 00:45:54,375

The exponent ofnthe power of positive thinking.

858

00:45:54,375 --> 00:45:56,291

The Trumps had three children.

859

00:45:56,291 --> 00:45:58,500

But Ivana wanted more.

860

00:45:59,500 --> 00:46:01,999

[Ivana]I was a girl and I was young.

861

00:46:01,999 --> 00:46:03,917

And I was supposed to be at home.

862

00:46:03,917 --> 00:46:05,999

I was supposed to be maybe collecting the art.

863

00:46:05,999 --> 00:46:07,917

I wasn''t supposed to be in their domain.

864

00:46:07,917 --> 00:46:10,166

I wasn''t supposed to be running hotel and casino.

865

00:46:10,166 --> 00:46:13,875

Which was a totally male oriented business.

866

00:46:13,875 --> 00:46:14,999

[narrator] Now, she started at the top.

867

00:46:14,999 --> 00:46:20,875

Promoting the Trumpian visionas the titular President ofnTrump''s Atlantic City Castle.

868

00:46:20,875 --> 00:46:22,542

But as she helped her husband,

869

00:46:22,542 --> 00:46:24,166

she also established herself.

870

00:46:24,166 --> 00:46:28,500

She became in a sense competitor for media attention.

871

00:46:28,500 --> 00:46:30,667

There is competition in certain areas.

872

00:46:30,667 --> 00:46:32,959

This one since the marriage seems to be played out

873

00:46:32,959 --> 00:46:38,500

more in a tabloid press and raunchy newspapers of New York

874

00:46:38,500 --> 00:46:40,375

rather than in a private household.

875

00:46:40,375 --> 00:46:45,208

There is a competitiveness for headlines or attention.

876

00:46:45,208 --> 00:46:49,667

But for all the smiles and glittering entrances at society events,

877

00:46:49,667 --> 00:46:52,999

this marriage is not as harmonious as it seemed.

878

00:46:52,999 --> 00:46:56,000

You be good to him. He''s incredible to you.

879

00:46:56,000 --> 00:46:58,250

If you''re bad at him you''re dead.

880

00:46:58,250 --> 00:47:02,542

Someone told me oncewho was involved innTrump organization worked there

881

00:47:02,542 --> 00:47:04,875

that everyone that works for Donald

882

00:47:04,875 --> 00:47:08,166

spends 50 percent of their time worrying

883

00:47:08,166 --> 00:47:12,417

about incurring Donald''s wrath except for one person,

884

00:47:12,500 --> 00:47:12,999

Ivana Trump.

885

00:47:12,999 --> 00:47:15,917

He said, she spends 90 percentof her time

886

00:47:15,917 --> 00:47:18,999

trying to worry about how not to get Donald to yell at her

887

00:47:18,999 --> 00:47:21,291

and how not to incur his wrath.

888

00:47:21,291 --> 00:47:25,542

[narrator] But even as she was worried, she stood up to her husband.

889

00:47:25,542 --> 00:47:29,834

It may have been Donald who had coveted the biggest yacht in the world,

890

00:47:29,834 --> 00:47:31,709

it was Ivana who used it.

891

00:47:31,709 --> 00:47:35,458

It may have been Donald who bragged about his Palm Beach house,

892

00:47:35,458 --> 00:47:37,500

it was Ivana who loved it.

893

00:47:37,500 --> 00:47:41,999

She has her own little spa there and I know Barbara Walters, I hear, is coming.

894

00:47:41,999 --> 00:47:46,999

So she has many wonderful friends who''re in business, who are workers.

895

00:47:46,999 --> 00:47:50,000

I guess she''s quite a shrewd worker herself.

896

00:47:50,000 --> 00:47:51,792

I have to ask Ivana to stand up.

897

00:47:51,792 --> 00:47:53,583

Because if we had this dinner here a year ago,

898

00:47:53,583 --> 00:47:57,999

we''d not have been the same, believe me. She''s done a great job.

899

00:47:58,250 --> 00:48:01,999

When Trump bought the Plaza hotel, he made her president.

900

00:48:01,999 --> 00:48:04,625

Her salary, he said, would be $1 a year,

901

00:48:04,625 --> 00:48:05,999

and all the dresses she could buy.

902

00:48:05,999 --> 00:48:11,083

A way of complimenting her and putting her in her place at the same time.

903

00:48:11,083 --> 00:48:12,250

It was also convenience.

904

00:48:12,250 --> 00:48:15,208

His romance with Marla Maples was blossoming.

905

00:48:15,208 --> 00:48:17,792

He wanted to install her in Atlantic City.

906

00:48:17,792 --> 00:48:21,999

And to do that, he had to bring Ivana back to New York.

907

00:48:21,999 --> 00:48:26,041

In 1989, in a event that telegraphed the stress in her life,

908

00:48:26,041 --> 00:48:29,000

Ivana underwent a physical transformation.

909

00:48:29,000 --> 00:48:30,667

Was it to save her marriage?

910

00:48:30,667 --> 00:48:32,041

If so, it didn''t work.

911

00:48:32,041 --> 00:48:33,542

By now, Donald had Marla.

912

00:48:33,542 --> 00:48:36,417

When the Trumps finally reached the divorce settlement,

913

00:48:36,417 --> 00:48:38,208

after reams of gossip column speculation,

914

00:48:38,208 --> 00:48:42,291

it looked just like the prenuptial agreement they had all along.

915

00:48:42,291 --> 00:48:44,375

But Ivana left with something extra.

916

00:48:44,375 --> 00:48:47,166

She became a Trumpian star in her own right.

917

00:48:47,166 --> 00:48:48,458

With a seven figure book deal.

918

00:48:48,458 --> 00:48:51,041

A career as an advertising model with a daughter.

919

00:48:51,041 --> 00:48:53,999

And the freedom to enjoy the glittering social life

920

00:48:53,999 --> 00:48:55,625

her husband so often said he hated.

921

00:48:55,625 --> 00:48:59,709

As for Donald, the heart of the deal with Marla was to stay in the headlines

922

00:48:59,709 --> 00:49:02,875

but not necessarily close the transaction.

923

00:49:13,959 --> 00:49:17,999

There''s old money. There''s new money. And there''s Trump money.

924

00:49:17,999 --> 00:49:22,917

The kind of money that buys the biggest, most famous house in town.

925

00:49:22,917 --> 00:49:23,750

Mar-a-Lago.

926

00:49:23,750 --> 00:49:26,583

[Donald] Lot of people wanted to buy Mar-a-Lago.

927

00:49:26,583 --> 00:49:27,792

Many, many other people.

928

00:49:27,792 --> 00:49:30,083

But they had different ideas.nThey wanted to condo it.

929

00:49:30,083 --> 00:49:32,999

They wanted to make it into a hotel. They wanted to do

930

00:49:32,999 --> 00:49:37,625

all of, in my opinion, the wrong things about Mar-a-Lago, this is a treasure.

931

00:49:37,625 --> 00:49:41,583

This is a US treasure. And it had to be preserved.

932

00:49:41,583 --> 00:49:43,999

Trump''s original idea wasn''t that high-minded.

933

00:49:43,999 --> 00:49:48,999

He wanted to subdivide the property and create 14 luxury homes.

934

00:49:48,999 --> 00:49:49,834

The city turned him down.

935

00:49:49,834 --> 00:49:54,709

And that was just the beginning of Trump''s quarrels with Palm Beach.

936

00:50:00,375 --> 00:50:04,792

Everybody in real estate and all the residents of this city of Palm Beach

937

00:50:04,792 --> 00:50:07,625

know that huge house, the post foundation home,

938

00:50:07,625 --> 00:50:11,625

is in a direct flight path of the West Palm Beach International Airport.

939

00:50:11,625 --> 00:50:16,875

So how Mr. Trump overlooked this fact when he bought the house, I don''t know.

940

00:50:16,875 --> 00:50:19,083

For Donald Trump to come down here

941

00:50:19,083 --> 00:50:22,458

like an invading bacteria, like a carpetbagger,

942

00:50:22,458 --> 00:50:26,999

and say, "Ah those planes fly over my mansion

943

00:50:26,999 --> 00:50:27,792

Mar-a-Lago.

944

00:50:27,792 --> 00:50:30,250

I don''t like the noise, Palm Beach County,

945

00:50:30,250 --> 00:50:34,709

I don''t care how much money you''ve spent. Move your damn airport!"

946

00:50:34,959 --> 00:50:36,333

I would be shocked and amazed

947

00:50:36,333 --> 00:50:37,999

that anybody reasonable would expect to move

948

00:50:37,999 --> 00:50:43,583

a Federal facility for their own personal convenience and interest.

949

00:50:43,583 --> 00:50:45,667

[narrator] In New York, when Trump had a problem,

950

00:50:45,667 --> 00:50:48,875

there was always a politician with a sympathetic ear.

951

00:50:48,875 --> 00:50:51,333

It wasn''t so simple in Palm Beach.

952

00:50:51,333 --> 00:50:56,999

People then perceived myself as being in the hands or pockets of Donald Trump.

953

00:50:56,999 --> 00:51:00,208

Wrongly perceived, but they perceived that just the same.

954

00:51:00,208 --> 00:51:05,125

And that resulted in a problem in terms of electability.

955

00:51:05,999 --> 00:51:08,834

On election day, Trump''s candidates lost.

956

00:51:08,834 --> 00:51:11,083

Socially, Trump lost his wealth.

957

00:51:11,083 --> 00:51:12,083

When he flew in guests from New York

958

00:51:12,083 --> 00:51:16,208

they went home buzzing about the unfashionably early dinner hour.

959

00:51:16,208 --> 00:51:18,375

And the room phones that were programmed,

960

00:51:18,375 --> 00:51:21,999

to prevent expensive long distance calls.

961

00:51:21,999 --> 00:51:24,083

Among the locals, Trump faired no better.

962

00:51:24,083 --> 00:51:27,417

When he tried to get his tax assessment lowered , he failed.

963

00:51:27,417 --> 00:51:31,999

Finally it turned out that this deal wasn''t as artful as he claimed.

964

00:51:31,999 --> 00:51:33,750

In his book The Art of The Deal,

965

00:51:33,750 --> 00:51:37,458

Trump said that he bought the house for $8 million

966

00:51:37,458 --> 00:51:39,959

paying 100 percent cash.

967

00:51:39,959 --> 00:51:42,000

Actually he spent $10 million.

968

00:51:42,000 --> 00:51:44,999

Of which, only 2000 was cash.

969

00:51:44,999 --> 00:51:47,417

Now Mar-a-Lago is in the market again.

970

00:51:47,417 --> 00:51:49,125

And because Trump can''t find a buyer

971

00:51:49,125 --> 00:51:54,458

he''s filed another plan to subdivide his national treasure.

972

00:51:54,458 --> 00:51:57,375

Then there''s Trump Plaza of the Palm Beaches.

973

00:51:57,375 --> 00:51:58,999

Beautiful to look at from Palm Beach,

974

00:51:58,999 --> 00:52:02,500

but actually in West Palm Beach, across the water.

975

00:52:02,500 --> 00:52:05,208

In a definitely downscale neighborhood.

976

00:52:05,208 --> 00:52:08,792

Trump bought these condos out of bankruptcy and put his name on them.

977

00:52:08,792 --> 00:52:13,999

When they didn''t sell,he offered prospective buyersnrides on the Trump Princess.

978

00:52:13,999 --> 00:52:16,667

Now, the bank that heldnthe mortgage on these towers

979

00:52:16,667 --> 00:52:20,834

has auctioned the apartments at fire sale prices.

980

00:52:20,959 --> 00:52:25,458

There''s an underground passagefrom Trump''s house to the bathnand tennis club.

981

00:52:25,458 --> 00:52:27,709

Other owners had been able to use it.

982

00:52:27,709 --> 00:52:29,999

Palm Beach veterans say, "Trump never will."

983

00:52:29,999 --> 00:52:34,250

And they are not shy about telling Trump why he hasn''t made it here.

984

00:52:34,250 --> 00:52:37,709

We fear change like hell, like we fear tigers.

985

00:52:37,709 --> 00:52:38,999

We''re terrified of change.

986

00:52:38,999 --> 00:52:40,917

We just had to landmark the bridges because

987

00:52:40,917 --> 00:52:44,291

they wanted to make huge high span bridges.

988

00:52:44,291 --> 00:52:47,166

We'' don''t want change here at all.

989

00:52:47,166 --> 00:52:48,458

What''s irked some people about Trump,

990

00:52:48,458 --> 00:52:51,917

is that he hasn''t really become a part of the charity thing.

991

00:52:51,917 --> 00:52:54,583

If he really wanted to be a part of this town,

992

00:52:54,583 --> 00:52:58,999

then perhaps, they feel he should give money toward those causes.

993

00:52:58,999 --> 00:53:01,999

-He can help us with money. -Yeah, right.

994

00:53:01,999 --> 00:53:03,583

Yeah, money for charity.

995

00:53:03,583 --> 00:53:09,125

He could lend his name, lend his house and contribute to a lot of things.

996

00:53:09,125 --> 00:53:13,458

Anybody can buy a way into a charity ball. You give me $500 you''re in.

997

00:53:13,458 --> 00:53:18,041

You donate $20,000, maybe you could be one of the co-chair people.

998

00:53:18,041 --> 00:53:19,999

But what is that? That''s nothing.

999

00:53:19,999 --> 00:53:23,417

As far as getting into the parties, and into the people''s homes,

1000

00:53:23,417 --> 00:53:28,000

you can''t buy your way in. If they like you, they''ll invite you or they won''t.

1001

00:53:28,000 --> 00:53:32,500

[Roxanne] The criteria still is the old family name.

1002

00:53:32,500 --> 00:53:37,458

Ah... The Vanderbilts, The Whitneys, The Muns, The Phillips.

1003

00:53:37,458 --> 00:53:40,125

And to them, nouveau riche is just, eh.

1004

00:53:40,125 --> 00:53:43,999

[narrator]Another thing he couldn''t get into Palm Beach was his yacht.

1005

00:53:43,999 --> 00:53:44,875

The harbor was too small.

1006

00:53:44,875 --> 00:53:49,917

So while it was there, the Trump princess had be moored in Fort Lauderdale.

1007

00:53:49,917 --> 00:53:51,999

Next to a Best Western Motel.

1008

00:53:51,999 --> 00:53:56,417

I don''t think he has the makings of being a real Palm Beacher at all.

1009

00:54:16,208 --> 00:54:18,999

Once the public caught on to Trump''s games,

1010

00:54:18,999 --> 00:54:21,291

Trump bashing became a popular sport.

1011

00:54:21,291 --> 00:54:24,999

But right up to the momentnhis infidelities were revealed

1012

00:54:24,999 --> 00:54:26,000

he could do no wrong.

1013

00:54:26,000 --> 00:54:29,041

He''s very sexy, very handsome, very powerful.

1014

00:54:29,041 --> 00:54:32,458

He cares about America, he cares about New York City.

1015

00:54:32,458 --> 00:54:35,333

And he''s trying to help New York City.

1016

00:54:35,333 --> 00:54:37,959

Some thought he should run for President.

1017

00:54:37,959 --> 00:54:38,999

Trump considered it.

1018

00:54:38,999 --> 00:54:41,375

...supposedly our allies, as I''d like to say suppose...

1019

00:54:41,375 --> 00:54:45,709

Would really like to take over and run, and run

1020

00:54:45,709 --> 00:54:48,166

the country as you''ve run your organization.

1021

00:54:48,166 --> 00:54:50,999

I would much prefer somebody else do it.

1022

00:54:50,999 --> 00:54:53,125

I just don''t know that somebody else is there.

1023

00:54:53,125 --> 00:54:56,208

I don''t know if we have that kind of advocate that you need.

1024

00:54:56,208 --> 00:54:58,999

We need major surgery. This country needs

1025

00:54:58,999 --> 00:55:01,583

-major surgery. -Are you the surgeon?

1026

00:55:01,750 --> 00:55:03,625

I think I''ll do a fantastic job.

1027

00:55:03,625 --> 00:55:05,792

He doesn''t give a good rat''s hood about

1028

00:55:05,792 --> 00:55:09,667

poor people who might be living on sidewalks outside his building.

1029

00:55:09,667 --> 00:55:11,500

He talks a good game.

1030

00:55:11,709 --> 00:55:13,834

But he lacks character.

1031

00:55:14,166 --> 00:55:15,999

Those who''ve worked closely with Trump

1032

00:55:15,999 --> 00:55:19,792

have seen a more personal sidenof this most public man.

1033

00:55:19,792 --> 00:55:23,999

He has a loner quality. Uh... There''s no question about it.

1034

00:55:23,999 --> 00:55:27,999

And there... For all the sense of Donald Trump

1035

00:55:27,999 --> 00:55:30,417

is someone who''s out and around all the time,

1036

00:55:30,417 --> 00:55:34,625

there''re dozens, if not hundreds of times

1037

00:55:34,625 --> 00:55:41,709

that I''ve spoken to him at 9:30, 10:30, or 8 o''clock at night,

1038

00:55:41,917 --> 00:55:42,999

ah, on a weekday,

1039

00:55:42,999 --> 00:55:46,917

when the only thing between me and him interfering

1040

00:55:46,917 --> 00:55:50,500

is the remote control changer changing the channels.

1041

00:55:50,999 --> 00:55:53,999

He presents himself marvelously.

1042

00:55:53,999 --> 00:55:56,999

But the Donal Trump that I saw in real life

1043

00:55:57,250 --> 00:55:58,417

was very different

1044

00:55:58,417 --> 00:56:03,166

than the Donald that I saw on TV or some sort of video,

1045

00:56:03,166 --> 00:56:03,999

or talk show or something.

1046

00:56:03,999 --> 00:56:09,291

And that fascinates me and that''s when I realize how much of a performance it was.

1047

00:56:09,291 --> 00:56:13,291

He can be articulate, and very well mannered.

1048

00:56:13,291 --> 00:56:17,667

And he has this very marvelousnsort of boyishness,

1049

00:56:17,667 --> 00:56:22,917

that projects, I think rather successfully, on camera.

1050

00:56:22,917 --> 00:56:27,250

In person, you see a hostility and anger.

1051

00:56:27,250 --> 00:56:30,875

I''ve known him to say after meeting him, he freak out, screaming people

1052

00:56:30,875 --> 00:56:33,208

that walk out and say "Some performance, wasn''t it?"

1053

00:56:33,208 --> 00:56:38,125

Um... But a lot of times it''s not a performance. But he''ll claim it is.

1054

00:56:38,125 --> 00:56:41,542

Because it maintains an image that he''s always in control.

1055

00:56:41,542 --> 00:56:43,667

He''s often out of control.

1056

00:56:43,667 --> 00:56:47,750

He treats people... I''ve seen people treated horribly.

1057

00:56:47,750 --> 00:56:49,999

Including his own family by him.

1058

00:56:49,999 --> 00:56:52,792

Extraordinary verbal assaults.

1059

00:56:55,166 --> 00:56:57,999

He doesn''t define himself from within.

1060

00:56:57,999 --> 00:57:01,500

He doesn''t define himself through relationships

1061

00:57:01,500 --> 00:57:07,875

or through some spiritual interests and concerns.

1062

00:57:07,875 --> 00:57:12,166

He doesn''t have close friends outside his family.

1063

00:57:12,166 --> 00:57:15,166

But I don''t think, and he himself has said

1064

00:57:15,166 --> 00:57:22,500

that friendship in the way that other people might think it''s important

1065

00:57:22,500 --> 00:57:25,041

nis as high a priority for him.

1066

00:57:25,458 --> 00:57:28,542

[narrator] You expect employees to speak well of the boss.

1067

00:57:28,542 --> 00:57:31,917

Some of Trump''s associates seem to genuinely love him.

1068

00:57:31,917 --> 00:57:34,999

One in particular was this man, John Benanav.

1069

00:57:34,999 --> 00:57:38,583

Vice president of Trump Plaza Hotel and Casino.

1070

00:57:38,667 --> 00:57:41,542

We have a great leader in Mr. Trump and Mr. Hyde.

1071

00:57:41,542 --> 00:57:45,083

And they care about their people and that''s the difference at Trump Plaza.

1072

00:57:45,083 --> 00:57:48,542

They truly care about their employees, we don''t like to over...

1073

00:57:48,542 --> 00:57:50,500

[narrator] Four months after this interview,

1074

00:57:50,500 --> 00:57:52,500

Benanav, Stephen Hyde and Mark Etess,

1075

00:57:52,500 --> 00:57:57,041

another key Atlantic City executive were killed in a helicopter accident.

1076

00:57:57,041 --> 00:57:59,999

A stunned Trump publicly mourned their loss.

1077

00:57:59,999 --> 00:58:03,333

Nine months later, in an interview in the New York Times,

1078

00:58:03,333 --> 00:58:04,999

Trump attacked the three dead men.

1079

00:58:04,999 --> 00:58:08,667

Blaming many of his financial problems in Atlantic City

1080

00:58:08,667 --> 00:58:10,458

on their mismanagement.

1081

00:58:11,792 --> 00:58:14,417

The comments enraged some Trump employees.

1082

00:58:14,417 --> 00:58:16,999

Trump later denied that he made a criticism.

1083

00:58:16,999 --> 00:58:18,917

But the reporter who wrote the story

1084

00:58:18,917 --> 00:58:22,250

told us Trump couldn''t have been more explicit.

1085

00:58:22,250 --> 00:58:25,000

When you work for Trump, you know you''re working for the best.

1086

00:58:25,000 --> 00:58:28,500

I think it''s human nature. When people say, "Where do you work?"

1087

00:58:28,500 --> 00:58:33,375

You''re working for the number one place, there''s lot of pride behind that.

1088

00:58:40,625 --> 00:58:42,917

He''s a crap game operator.

1089

00:58:42,917 --> 00:58:43,792

[interviewer] Why do you say that?

1090

00:58:43,792 --> 00:58:47,583

Because most of money comes from crap games in Jersey.

1091

00:58:47,583 --> 00:58:50,999

I mean if that takes a genius to get money out of crap game,

1092

00:58:50,999 --> 00:58:54,166

there''s been geniuses in this city for 100 years.

1093

00:58:54,166 --> 00:58:58,250

That''s what gambling is all about. You win some and lose some.

1094

00:58:58,250 --> 00:58:59,333

But it''s really a trap.

1095

00:58:59,333 --> 00:59:02,583

They''d have given youn$1000 bills and that''s how you

1096

00:59:02,583 --> 00:59:04,792

ran to the casino. You want it

1097

00:59:04,792 --> 00:59:07,999

the perking upnof your heart and the feeling

1098

00:59:07,999 --> 00:59:09,375

of a different kind of light.

1099

00:59:09,375 --> 00:59:12,000

I might sound like a baby, I haven''t smoked, I haven''t drank.

1100

00:59:12,000 --> 00:59:17,041

And I don''t take drugs, okay. I''ve other problems but I can''t tell you about them.

1101

00:59:17,166 --> 00:59:19,375

Trump has an addiction, all his own.

1102

00:59:19,375 --> 00:59:22,667

Cash flow. And to satisfy his cravings for cash

1103

00:59:22,667 --> 00:59:26,875

he went where the money was. To Atlantic City.

1104

00:59:26,999 --> 00:59:27,999

Atlantic City liked the fact that

1105

00:59:27,999 --> 00:59:33,375

Trump seemed to havea clean image with no priornties to the gambling industry.

1106

00:59:33,375 --> 00:59:35,083

Donald''s problem is simple and one.

1107

00:59:35,083 --> 00:59:37,667

He wanted to become a super citizen. He wanted to get

1108

00:59:37,667 --> 00:59:41,250

to be the beneficiary of a privilege granted by the state of New Jersey

1109

00:59:41,250 --> 00:59:41,999

in gaming license.

1110

00:59:41,999 --> 00:59:44,999

And therefore, you have to... It''s like going to confession.

1111

00:59:44,999 --> 00:59:49,125

You have to prove that you are an absolute first class citizen.

1112

00:59:49,125 --> 00:59:53,000

That was a little hardto do considering hisnconnections to Daniel Sullivan.

1113

00:59:53,000 --> 00:59:55,875

To the teamster unions, Sullivan was a reformer.

1114

00:59:55,875 --> 00:59:58,250

To the law, he was a man with a criminal record.

1115

00:59:58,250 --> 01:00:02,333

To Donald Trump though, he was an asset on his construction job.

1116

01:00:02,333 --> 01:00:04,458

And he was also co-owner of the land on which

1117

01:00:04,458 --> 01:00:06,792

Trump wanted to build his first casino.

1118

01:00:06,792 --> 01:00:10,500

One of Sullivan''s partners on that land had links to Nicky Scarfo,

1119

01:00:10,500 --> 01:00:13,000

the crime boss of Atlantic city. Currently in jail.

1120

01:00:13,000 --> 01:00:17,750

Sullivan and his partnersbought the land just one weeknbefore they sold it to Trump.

1121

01:00:17,750 --> 01:00:21,917

Trump owned the land but he said he wouldn''t build until he had a casino license.

1122

01:00:21,917 --> 01:00:26,125

The Casino Control Commission granted it to him in record time.

1123

01:00:26,125 --> 01:00:28,083

He had almost everything.

1124

01:00:28,083 --> 01:00:32,250

He did not have the financing for the Trump Plaza.

1125

01:00:32,250 --> 01:00:36,667

And at that time, he was in the process of building

1126

01:00:36,667 --> 01:00:38,667

the Trump Tower in New York.

1127

01:00:38,667 --> 01:00:44,999

And he was in under construction with the Hyatt, New York.

1128

01:00:44,999 --> 01:00:48,000

Trump soon found a partner with deep pockets.

1129

01:00:48,000 --> 01:00:49,458

This time it was Harris.

1130

01:00:49,458 --> 01:00:52,750

For half ownership, Harris put up $50 million.

1131

01:00:52,750 --> 01:00:55,166

And for that, Trump had to take second billing.

1132

01:00:55,166 --> 01:01:00,083

He''d soon buy Harris out and rename the casino, Trump Plaza.

1133

01:01:00,667 --> 01:01:01,875

Just like going to confession,

1134

01:01:01,875 --> 01:01:04,583

casino applications must be renewed every few years.

1135

01:01:04,583 --> 01:01:08,999

So casino owners must stay clear of associations like Daniel Sullivan.

1136

01:01:08,999 --> 01:01:13,999

That leads to questions about Trump''s relationship with this man,

1137

01:01:13,999 --> 01:01:15,458

Joseph Wexelbaum.

1138

01:01:15,458 --> 01:01:20,125

To Donald Trump, he provided helicopter service to Atlantic City.

1139

01:01:20,125 --> 01:01:20,999

nTo Drug Enforcement Officials,

1140

01:01:20,999 --> 01:01:25,999

he was a some time middleman between Columbian cocaine suppliers

1141

01:01:25,999 --> 01:01:27,166

and American drug dealers.

1142

01:01:27,166 --> 01:01:31,458

In 1985, he was indicted on drug and tax conspiracy charges,

1143

01:01:31,458 --> 01:01:34,208

and eventually served 18 months in jail.

1144

01:01:34,208 --> 01:01:36,041

Trump proved to be a loyal friend.

1145

01:01:36,041 --> 01:01:37,834

After Wexelbaum has been indicted,

1146

01:01:37,834 --> 01:01:40,792

Trump rented him one of his New York City apartments

1147

01:01:40,792 --> 01:01:43,250

on a part cash, part barter basis.

1148

01:01:43,250 --> 01:01:44,458

When Wexelbaum got out of jail,

1149

01:01:44,458 --> 01:01:48,999

he moved into a Trump Tower apartment owned by his girlfriend.

1150

01:01:48,999 --> 01:01:52,542

Others wouldn''t have Trump''s luck with the Casino Control Commission

1151

01:01:52,542 --> 01:01:56,208

when it came to investigating their ties with undesirables.

1152

01:01:56,208 --> 01:01:58,250

That''s why Barron Hilton struck out.

1153

01:01:58,250 --> 01:02:01,999

[male newscaster]The Divisionnof Gaming EnforcementNthen recommended licensing.

1154

01:02:01,999 --> 01:02:04,500

But the Casino Control Commission said no,

1155

01:02:04,500 --> 01:02:07,625

accusing key executives and one of Hilton''s lawyers,

1156

01:02:07,625 --> 01:02:10,625

of being too close to organized crime.

1157

01:02:10,625 --> 01:02:11,166

The license was denied.

1158

01:02:11,166 --> 01:02:15,999

Trump purchased the hotel. And opened it as Trump''s Castle.

1159

01:02:16,208 --> 01:02:18,999

Now this is a castle.

1160

01:02:20,208 --> 01:02:21,999

[Donald] Everything''s just bigger.

1161

01:02:21,999 --> 01:02:23,999

Much bigger and frankly more expensive.

1162

01:02:23,999 --> 01:02:27,458

But it''s something that when it''s done if done right

1163

01:02:27,458 --> 01:02:29,000

is a wonderful investment.

1164

01:02:29,000 --> 01:02:31,792

[narrator] Trump only saw the cash coming in.

1165

01:02:31,792 --> 01:02:35,333

Early on, the casino analyst named Marvin Rothman

1166

01:02:35,333 --> 01:02:37,000

saw it pouring out.

1167

01:02:37,000 --> 01:02:40,125

The cash flow numbers sound very impressive.

1168

01:02:40,125 --> 01:02:43,999

Ah... It''s very important to be able to cover your debt service.

1169

01:02:43,999 --> 01:02:48,834

Because cash flow doesn''t mean anything if you can''t cover debt.

1170

01:02:48,834 --> 01:02:51,500

[narrator] Covering debt was not on Trump''s mind.

1171

01:02:51,500 --> 01:02:52,166

Having it all was.

1172

01:02:52,166 --> 01:02:56,583

So Trump''s debt grew larger as he relied on the magic of junk bonds

1173

01:02:56,583 --> 01:02:59,333

instead of partners to finance his habit.

1174

01:02:59,333 --> 01:03:02,625

But this was the mid 1980s. Trump was on top.

1175

01:03:02,625 --> 01:03:06,291

Every hand was full of Aces. And he kept going.

1176

01:03:06,291 --> 01:03:09,999

Trump began playing a new game, weaken your competition.

1177

01:03:09,999 --> 01:03:11,709

First came Harris, his former partner.

1178

01:03:11,709 --> 01:03:16,166

He bought it stock and the company spent $30 million buying him out.

1179

01:03:16,166 --> 01:03:18,041

With the profits, he went after Ballys.

1180

01:03:18,041 --> 01:03:20,500

There was litigation on both sides, and in the end

1181

01:03:20,500 --> 01:03:24,667

Ballys succumbed to his apparent greenmail and paid him off.

1182

01:03:24,667 --> 01:03:30,041

He skirts the law. In a sense that he goes right up to the edge.

1183

01:03:30,041 --> 01:03:31,667

And sometimes over it.

1184

01:03:31,667 --> 01:03:36,999

Um... He uses his enormous economic clout.

1185

01:03:36,999 --> 01:03:39,999

Instead of using his Bally profits to pay down debts,

1186

01:03:39,999 --> 01:03:42,500

Trump went after the biggest prize in town.

1187

01:03:42,500 --> 01:03:46,458

The unfinished Taj Mahal,nowned by Resorts International.

1188

01:03:46,458 --> 01:03:48,458

He began buying Resorts stock.

1189

01:03:48,458 --> 01:03:51,875

The rest of the deal was pure Trump.

1190

01:03:51,999 --> 01:03:54,166

Within a matter of months he had

1191

01:03:54,166 --> 01:03:57,999

convinced Resorts board of directors to permit him

1192

01:03:57,999 --> 01:04:00,583

to put into effective a management contract.

1193

01:04:00,583 --> 01:04:04,208

It was worth something like $60 million to him.

1194

01:04:04,208 --> 01:04:06,917

Nothing like this has ever happened before.

1195

01:04:06,917 --> 01:04:12,542

And in essence, they were paying him to supervise his own investment

1196

01:04:12,542 --> 01:04:13,999

in his own company.

1197

01:04:13,999 --> 01:04:15,291

Everybody was just aghast.

1198

01:04:15,291 --> 01:04:19,959

''Cause there would be nothing, you know, left for the shareholders.

1199

01:04:19,959 --> 01:04:21,458

In return for the management contract

1200

01:04:21,458 --> 01:04:25,333

Trump was supposed to finance the completion of the Taj Mahal.

1201

01:04:25,333 --> 01:04:27,999

He never had any intention of doing that

1202

01:04:27,999 --> 01:04:29,999

until he owned the company outright.

1203

01:04:29,999 --> 01:04:33,709

The contract led the company dry. Stock prices fell,

1204

01:04:33,709 --> 01:04:36,208

but they weren''t low enough yet, for Trump.

1205

01:04:36,208 --> 01:04:38,417

So he tried something else.

1206

01:04:38,542 --> 01:04:40,959

Resorts hired Bankruptcy Counsel.

1207

01:04:40,959 --> 01:04:44,999

And Mr. Trump, walked them through the unfinished building.

1208

01:04:44,999 --> 01:04:50,625

Within hours, all of Atlantic City, and indeed the entire financial committee,

1209

01:04:50,625 --> 01:04:54,291

knew that Resorts had consulted Bankruptcy Counsel.

1210

01:04:54,291 --> 01:04:56,333

And the rumors were rampant

1211

01:04:56,333 --> 01:04:59,375

that Resorts was going into bankruptcy.

1212

01:04:59,375 --> 01:05:03,875

There''s no doubt that this had a very intimidating effect

1213

01:05:03,875 --> 01:05:05,542

on the Casino Control Commission.

1214

01:05:05,542 --> 01:05:07,500

[male newscaster] Today, Donald Trump sat in the audience

1215

01:05:07,500 --> 01:05:11,375

as state officials considered his request to gobble up even more.

1216

01:05:11,375 --> 01:05:13,959

Trumps next frontier, the biggest of them all,

1217

01:05:13,959 --> 01:05:16,125

the Resorts Taj Mahal, still under construction.

1218

01:05:16,125 --> 01:05:20,792

You ask yourself why did the Casino Commission Control approve it.

1219

01:05:20,792 --> 01:05:25,625

I think they were literally bulled over by Donald Trump.

1220

01:05:25,625 --> 01:05:27,999

And by the utter fear that they had

1221

01:05:27,999 --> 01:05:30,709

that he would walk away from Atlantic City.

1222

01:05:30,709 --> 01:05:34,999

That he would let this hotel under construction

1223

01:05:34,999 --> 01:05:35,625

remain unfinished.

1224

01:05:35,625 --> 01:05:40,291

That it would be another blight on the Atlantic city landscape to have

1225

01:05:40,291 --> 01:05:45,709

ah... New Jersey''s tallest building sitting there as a skeleton

1226

01:05:45,792 --> 01:05:46,999

for everybody to see.

1227

01:05:46,999 --> 01:05:50,999

Everyone was happy about the deal except the shareholders.

1228

01:05:50,999 --> 01:05:52,999

Before Trump''s deal could be completed

1229

01:05:52,999 --> 01:05:55,959

out of the West came what looked like a White Knight.

1230

01:05:55,959 --> 01:05:58,208

[male newscaster] It was the biggest high stakes game

1231

01:05:58,208 --> 01:05:59,583

on the Boardwalk in years.

1232

01:05:59,583 --> 01:06:01,375

The players, entertainer Merv Griffin

1233

01:06:01,375 --> 01:06:03,750

and billionaire businessman Donald Trump.

1234

01:06:03,750 --> 01:06:07,667

Price, Resorts Internationalnand the unfinished Taj Mahal.

1235

01:06:07,667 --> 01:06:09,583

The winner, some might call it a tie.

1236

01:06:09,583 --> 01:06:12,542

Griffin gets Resorts, Trump, the Taj Mahal.

1237

01:06:12,542 --> 01:06:14,875

I love that perception. "I won, I won, I won."

1238

01:06:14,875 --> 01:06:18,834

He''s still, you know, a year later, standing in New York... "I won, I won."

1239

01:06:18,834 --> 01:06:22,291

He wants to make sure everybody in America knows he won.

1240

01:06:22,291 --> 01:06:25,166

So I look at him and say, "Donald, you won!

1241

01:06:25,166 --> 01:06:26,834

"Now, do you feel better? Now, eat."

1242

01:06:26,834 --> 01:06:32,834

He had called me after he had negotiated to sell the property

1243

01:06:32,834 --> 01:06:33,375

to Merv Griffin.

1244

01:06:33,375 --> 01:06:38,458

And he said, "Didn''t I do the best deal? Didn''t I get the best to Mervin?"

1245

01:06:38,458 --> 01:06:42,542

And I said, "Donald, I think it was great that you sold the property,

1246

01:06:42,542 --> 01:06:43,792

but I think you made a mistake.

1247

01:06:43,792 --> 01:06:49,999

I think buying the Taj Mahal is gonna be a very bad thing for you."

1248

01:06:49,999 --> 01:06:54,291

"Well, what you mean? I think the Taj Mahal is going to be the greatest success ever.

1249

01:06:54,291 --> 01:06:55,458

I mean you just don''t understand."

1250

01:06:55,458 --> 01:07:00,041

And I said, "I can''t understand why you wanna operate

1251

01:07:00,041 --> 01:07:03,458

three different properties in Atlantic city.

1252

01:07:03,792 --> 01:07:04,999

How do you differentiate the marketing?

1253

01:07:04,999 --> 01:07:08,125

And the Taj is gonna be such an expensive property to operate."

1254

01:07:08,125 --> 01:07:09,291

"Mervin, you just don''t have vision.

1255

01:07:09,291 --> 01:07:12,208

You just don''t understand, this thing is gonna be a monster."

1256

01:07:12,208 --> 01:07:15,291

[narrator]Having won this battle, Trump thought he could do anything.

1257

01:07:15,291 --> 01:07:19,458

He plunged in and bought two more Atlantic City properties.

1258

01:07:19,458 --> 01:07:20,208

Now, he really needed cash.

1259

01:07:20,208 --> 01:07:25,291

So he invested in another competitor hoping to get bought out at a profit again.

1260

01:07:25,291 --> 01:07:28,792

This time the Casino ControlnCommission made him back down.

1261

01:07:28,792 --> 01:07:32,041

It threatened to take his licenses if he did it again.

1262

01:07:32,041 --> 01:07:34,875

That cut off his cash supply.

1263

01:07:34,875 --> 01:07:38,291

Mr. Trump, or for that matter any other casino operator,

1264

01:07:38,291 --> 01:07:40,999

may not use a subsequent sale or disposition

1265

01:07:40,999 --> 01:07:43,125

to purge himself of the taint created by the purchase

1266

01:07:43,125 --> 01:07:48,875

of an interested New Jersey casino competitor or its holding or intermediary companies.

1267

01:07:48,875 --> 01:07:51,375

[narrator]This was the turning point for Trump.

1268

01:07:51,375 --> 01:07:51,999

But he didn''t see it.

1269

01:07:51,999 --> 01:07:56,417

His sights were set only onnthe opening of the Taj Mahal.

1270

01:08:08,917 --> 01:08:13,583

[male announcer] One step beyond your wildest imaginations

1271

01:08:13,917 --> 01:08:16,999

A billion dollar dream come true.

1272

01:08:16,999 --> 01:08:20,250

Donald J. Trump''s Taj Mahal.

1273

01:08:20,250 --> 01:08:23,875

The Eighth Wonder of the World.

1274

01:08:25,458 --> 01:08:28,458

[narrator]An eighth wonder wasn''t enough.nTrump needed a miracle.

1275

01:08:28,458 --> 01:08:32,166

A business that would throw off enough cash to pay his enormous debt.

1276

01:08:32,166 --> 01:08:36,208

The regulators were turned off. The banks cried for blood.

1277

01:08:36,208 --> 01:08:36,917

Trump gave it to them.

1278

01:08:36,917 --> 01:08:41,250

He personally guaranteed the loans and put his properties at risk.

1279

01:08:41,250 --> 01:08:42,917

Trump saw only the upside.

1280

01:08:42,917 --> 01:08:45,083

Marvin Roffman saw it differently.

1281

01:08:45,083 --> 01:08:51,041

If the company doesn''t generate the kind of wins it takes

1282

01:08:51,041 --> 01:08:52,999

to pay $95 million debt service,

1283

01:08:52,999 --> 01:08:59,583

to pay a $125 million to the payroll, in payroll expenses.

1284

01:08:59,583 --> 01:09:02,208

If we got into a bad economy,

1285

01:09:02,208 --> 01:09:06,792

and all of a sudden the Atlantic City Market stopped growing,

1286

01:09:07,999 --> 01:09:10,000

I think that would be catastrophic

1287

01:09:10,000 --> 01:09:14,999

to an operation like Taj Mahal that was so leveraged in debt.

1288

01:09:14,999 --> 01:09:18,999

Trump went ballistic over a similar prediction in the Wall Street Journal.

1289

01:09:18,999 --> 01:09:23,999

To appease him, Roffman''s employer, Montgomery Janney Scott,

1290

01:09:23,999 --> 01:09:24,458

fired him.

1291

01:09:24,458 --> 01:09:27,917

The analyst''s sued. Not only did he win,

1292

01:09:27,917 --> 01:09:32,500

the judge awarded him $700,000 in damages.

1293

01:09:33,375 --> 01:09:35,999

When the Taj Mahal opened in the spring of 1990,

1294

01:09:35,999 --> 01:09:39,000

it didn''t solve Trump''s problems, it made them worse.

1295

01:09:39,000 --> 01:09:43,583

Within six moths, the once invincible Trump had to file for bankruptcy.

1296

01:09:43,583 --> 01:09:48,041

And give bond holders a one half ownership in his crown jewel.

1297

01:09:48,041 --> 01:09:53,417

By now, Trump was in danger of being washed out to sea in a wave of debt.

1298

01:09:53,417 --> 01:09:55,999

His castle was held for being ransom.

1299

01:09:55,999 --> 01:09:57,999

And Trump Plaza couldn''t bail him out.

1300

01:09:57,999 --> 01:10:01,917

Trump''s addiction for cash had brought him to the brink.

1301

01:10:01,999 --> 01:10:05,625

I, in a way, get high from what I do.

1302

01:10:05,625 --> 01:10:07,500

Okay. In a way that''s my...

1303

01:10:07,500 --> 01:10:10,834

I look at it as a positive addiction.

1304

01:10:10,834 --> 01:10:12,083

Because addiction can be positive.

1305

01:10:12,083 --> 01:10:15,999

Casino''s a tough nut. They''re tough, they''re really tough.

1306

01:10:15,999 --> 01:10:18,000

I wish there was a chance to beat them.

1307

01:10:18,000 --> 01:10:18,999

I''ll be the first in line.

1308

01:10:18,999 --> 01:10:22,583

But there isn''t. You gotta die broke with the game.

1309

01:10:32,417 --> 01:10:36,458

Donald Trumps failures in Atlantic City might not have been damaging to him

1310

01:10:36,458 --> 01:10:41,999

if another of his grand designs hadn''t failed on his home turf in New York.

1311

01:10:41,999 --> 01:10:45,291

This abandoned railroad yardnon Manhattan''s West side

1312

01:10:45,291 --> 01:10:47,999

was Donald Trump''s field of dreams.

1313

01:10:47,999 --> 01:10:50,875

The largest undeveloped site of land in Manhattan

1314

01:10:50,875 --> 01:10:53,583

with magnificent views of the Hudson river.

1315

01:10:53,583 --> 01:10:55,834

Trump brought it for $93 million.

1316

01:10:55,834 --> 01:10:59,999

And he planned to put up the world''s tallest building there.

1317

01:11:00,625 --> 01:11:03,250

You can build two 75 story towers

1318

01:11:03,250 --> 01:11:07,999

for lest cost than you can build a single 150 story tower.

1319

01:11:07,999 --> 01:11:14,250

So, the only reason you would want to build a 150 story tower is for status.

1320

01:11:14,250 --> 01:11:16,208

Economically it''s insane.

1321

01:11:16,208 --> 01:11:17,959

You know, one of the reasons

1322

01:11:17,959 --> 01:11:19,999

that I''m trying to get approval

1323

01:11:19,999 --> 01:11:22,709

to build the world''s tallest building.

1324

01:11:22,709 --> 01:11:25,500

It''s the only lure I can see

1325

01:11:25,500 --> 01:11:28,041

to get a major company to come to New York.

1326

01:11:28,041 --> 01:11:31,208

Trump thought he could get NBC to leave Rockefeller Center

1327

01:11:31,208 --> 01:11:34,583

and relocate in his project. They didn''t.

1328

01:11:34,583 --> 01:11:37,625

He also saw Trump City as a gift to the Westside.

1329

01:11:37,625 --> 01:11:41,333

But the people of that neighborhood rose up against him.

1330

01:11:42,583 --> 01:11:44,999

We''re out in another parking lot laughing.

1331

01:11:44,999 --> 01:11:47,417

Actors, writers, political activists,

1332

01:11:47,417 --> 01:11:50,709

in no time at all they were fighting Trump.

1333

01:11:50,709 --> 01:11:52,999

He''s moving ahead full steam with the project,

1334

01:11:52,999 --> 01:11:54,291

trying to win approval for the plan.

1335

01:11:54,291 --> 01:12:00,291

As a matter of fact he''s filed what''s called an Environmental Impact Statement.

1336

01:12:00,291 --> 01:12:03,999

I can show you to the ceiling. Is this correct?

1337

01:12:03,999 --> 01:12:05,999

To the ceiling, an EIS.

1338

01:12:05,999 --> 01:12:07,083

It goes to the ceiling.

1339

01:12:07,083 --> 01:12:12,625

This is a four volume, 2000 page technical document

1340

01:12:12,625 --> 01:12:14,917

which is supposed to project the impact to the plan.

1341

01:12:14,917 --> 01:12:19,834

Well, you can claim all sorts of things if no one bothers to question you.

1342

01:12:19,834 --> 01:12:21,333

I don''t know who the hell is gonna read it.

1343

01:12:21,333 --> 01:12:24,125

I don''t know how it''s even possible to read.

1344

01:12:24,125 --> 01:12:25,999

Westbride has a team of professionals,

1345

01:12:25,999 --> 01:12:28,542

top experts in environmental engineering,

1346

01:12:28,542 --> 01:12:30,375

law, urban design, and economics,

1347

01:12:30,375 --> 01:12:33,999

who are going through this whole thing with a fine-tooth comb.

1348

01:12:34,041 --> 01:12:35,417

But Trump kept promoting his dream.

1349

01:12:35,417 --> 01:12:39,999

...is the biggest city. And I think New York should the world''s tallest building.

1350

01:12:40,667 --> 01:12:42,583

With all due respect,

1351

01:12:44,999 --> 01:12:45,542

...the biggest is best.

1352

01:12:45,542 --> 01:12:49,083

In the old days, there were tiny handful of skyscrapers in New York,

1353

01:12:49,083 --> 01:12:52,999

and they were thrilling to us. Especially when we see them from a distance.

1354

01:12:52,999 --> 01:12:55,166

They symbolize the greatness of New York City.

1355

01:12:55,166 --> 01:12:58,291

But when you pile one skyscraper next to another so that...

1356

01:12:58,291 --> 01:13:01,458

so the squirrels can leap from one top to the next,

1357

01:13:01,458 --> 01:13:04,375

pretty soon you''re living in the bottom of the wealth.

1358

01:13:04,375 --> 01:13:05,875

Psychologically you feel uneasy.

1359

01:13:05,875 --> 01:13:09,250

You''re in shadow. Something is wrong. You''re Trapped.

1360

01:13:09,250 --> 01:13:12,375

Inside something whichnis way beyond the human scale.

1361

01:13:12,375 --> 01:13:15,667

And none of the things that we need, like light and air,

1362

01:13:15,667 --> 01:13:19,500

and the sun on our skins is any longer present to us.

1363

01:13:19,792 --> 01:13:24,041

Certainly he wants to build the tallest building in the world somewhere.

1364

01:13:24,041 --> 01:13:27,709

I mean he has a real edifice complex.

1365

01:13:27,709 --> 01:13:30,583

I mean he''s got a problem. He got to have the biggest.

1366

01:13:30,583 --> 01:13:34,500

It''s like the kid who has to have the biggest and the best toy.

1367

01:13:34,500 --> 01:13:36,125

It''s the American dream gone berserk.

1368

01:13:36,125 --> 01:13:37,166

Really it''s what it is, you know.

1369

01:13:37,166 --> 01:13:38,959

I mean you''re allowed to dream as big as you want.

1370

01:13:38,959 --> 01:13:42,999

But if your dreams step on the lives of ordinary people

1371

01:13:42,999 --> 01:13:46,000

and ruin the quality of their life and their neighborhood

1372

01:13:46,000 --> 01:13:47,999

you have to be stopped.

1373

01:13:47,999 --> 01:13:51,166

[narrator] For now, Donald Trump feels the dream lies empty.

1374

01:13:51,166 --> 01:13:54,041

And it has become another debtors field for him.

1375

01:13:54,041 --> 01:13:58,083

In interest and taxes, that cost him $60,000 a day,

1376

01:13:58,083 --> 01:14:02,875

$1.8 million a month. $21 million a year.

1377

01:14:02,875 --> 01:14:08,375

It took years but those numbers finally began to impress even Trump.

1378

01:14:08,375 --> 01:14:09,625

And to the surprise of many

1379

01:14:09,625 --> 01:14:14,583

the dictatorial developer turned into a conciliatory collaborator

1380

01:14:14,583 --> 01:14:16,917

And all those people he used to fight with,

1381

01:14:16,917 --> 01:14:19,458

suddenly they were his best friends.

1382

01:14:19,458 --> 01:14:20,625

The tallest building in the world,

1383

01:14:20,625 --> 01:14:25,792

suddenly it was any building his opponents in the city would let him put up.

1384

01:14:25,792 --> 01:14:28,542

But like almost everything elsenin Trump''s life

1385

01:14:28,542 --> 01:14:32,542

this project''s future remains uncertain.

1386

01:14:40,000 --> 01:14:42,041

-Heard about Trump''s new deal? -What? What?

1387

01:14:42,041 --> 01:14:42,999

[announcer] Trump has a new game.

1388

01:14:42,999 --> 01:14:46,500

[narrator]In the late 1980s,smart players werenpaying down debt,

1389

01:14:46,500 --> 01:14:50,999

protecting their equity. Donald Trump went right on playing his game.

1390

01:14:50,999 --> 01:14:52,999

My new game is Trump. The game, Trump.

1391

01:14:52,999 --> 01:14:56,333

[announcer]The game where youdeal for everythingnyou ever wanted to own.

1392

01:14:56,333 --> 01:15:00,999

Because it''s not whether you win or lose. It''s whether you win.

1393

01:15:00,999 --> 01:15:04,917

[man]All your life you grow up. You go to The Plaza, you go to a ball,

1394

01:15:04,917 --> 01:15:05,417

you go and have dinner.

1395

01:15:05,417 --> 01:15:10,208

You see The Plaza, it represents something that''s very special to New York.

1396

01:15:10,208 --> 01:15:12,583

[narrator] The Plaza was the ultimate trophy to him.

1397

01:15:12,583 --> 01:15:14,999

The crown jewel of his New York properties.

1398

01:15:14,999 --> 01:15:19,542

It''s price tag of $407 millionnalso made it one of the most

1399

01:15:19,542 --> 01:15:21,999

expensive hotel purchases ever.

1400

01:15:21,999 --> 01:15:24,917

To get it, he violated his own art of the deal rules.

1401

01:15:24,917 --> 01:15:29,875

He paid too much, leveraged other properties and went deeper into debt.

1402

01:15:29,875 --> 01:15:32,458

But to the world, he had won again.

1403

01:15:32,458 --> 01:15:33,834

Few saw the reality.

1404

01:15:33,834 --> 01:15:36,333

He was now risking everything.

1405

01:15:36,542 --> 01:15:39,999

This is the characteristic of all self made...

1406

01:15:39,999 --> 01:15:45,583

And in a sense, Donald is self made. In this way highly driven.

1407

01:15:45,583 --> 01:15:47,000

And there is lying behind it.

1408

01:15:47,000 --> 01:15:50,917

An idea... I think an idea ultimately about immortality.

1409

01:15:50,917 --> 01:15:53,917

This thing about Donald''s going to die.

1410

01:15:53,917 --> 01:15:55,999

And... And success.

1411

01:15:55,999 --> 01:15:59,875

There''s the gambler''s analogy, "You gotta keep rolling the dice.

1412

01:15:59,875 --> 01:16:01,500

And you gotta keep rolling bigger."

1413

01:16:01,500 --> 01:16:06,999

Back in 1989, most people thought Trump was one of the richest men in the world.

1414

01:16:06,999 --> 01:16:09,999

When we started asking questions about his wealth,

1415

01:16:09,999 --> 01:16:13,291

Trump gave us this letter from his accounting firm.

1416

01:16:13,291 --> 01:16:15,999

It said he had $700 million in cash.

1417

01:16:15,999 --> 01:16:20,041

The letter made it look as if Trump could write a check for that amount on the spot.

1418

01:16:20,041 --> 01:16:24,999

He forgot to mention that most of the money was tied up in credit lines

1419

01:16:24,999 --> 01:16:26,417

from his banks.

1420

01:16:26,999 --> 01:16:30,999

His next gamble was the Eastern Shuttle with New York a hub

1421

01:16:30,999 --> 01:16:33,959

for flights to Boston and Washington.

1422

01:16:33,999 --> 01:16:34,999

[Donald] Getting the Shuttle.

1423

01:16:34,999 --> 01:16:37,333

All of my life I''ve flown on the Eastern Shuttle.

1424

01:16:37,333 --> 01:16:41,000

And to think of owning the Eastern Shuttle was beyond me.

1425

01:16:41,000 --> 01:16:43,625

I was just beyond imagination.

1426

01:16:43,625 --> 01:16:44,333

[narrator] That it was.

1427

01:16:44,333 --> 01:16:46,999

In a year, the Shuttle and The Plaza has cost him

1428

01:16:46,999 --> 01:16:50,542

three quarters of a billion dollars, mostly borrowed.

1429

01:16:50,542 --> 01:16:52,250

And Trump wasn''t finished buying.

1430

01:16:52,250 --> 01:16:56,250

Desperate for cash, he next made a bid for American Airlines.

1431

01:16:56,250 --> 01:16:59,291

At the very least he hoped they''d buy him off.

1432

01:16:59,291 --> 01:17:01,000

He was easily rebuffed.

1433

01:17:01,000 --> 01:17:02,041

He lost more than money.

1434

01:17:02,041 --> 01:17:05,709

His aura of invincibility was shattered.

1435

01:17:05,750 --> 01:17:09,208

For generations, men in trouble have fled to California.

1436

01:17:09,208 --> 01:17:11,166

And that''s what Trump looked next.

1437

01:17:11,166 --> 01:17:13,291

It would be a fresh start in every way.

1438

01:17:13,291 --> 01:17:16,999

A new base of operations, with a new blond.

1439

01:17:16,999 --> 01:17:19,875

He set his sites on the old Ambassador Hotel.

1440

01:17:19,875 --> 01:17:22,999

The city had been planning to build a high school there.

1441

01:17:22,999 --> 01:17:23,834

Trump thought that was silly.

1442

01:17:23,834 --> 01:17:29,417

What the area really needed wasthe same thing he said New Yorknneeded an year before.

1443

01:17:29,417 --> 01:17:31,959

The world''s tallest building.

1444

01:17:31,999 --> 01:17:33,999

LA proved too much for the man.

1445

01:17:33,999 --> 01:17:37,917

I''m not telling tales out of school, but the man is almost bankrupt

1446

01:17:37,917 --> 01:17:40,458

trying to acquire all kinds of things, and I don''t know why

1447

01:17:40,458 --> 01:17:44,333

he''s bothering us in Los Angeles. Tell him to settle his problems in New York.

1448

01:17:44,333 --> 01:17:47,125

Stay there and let us get on with the show.

1449

01:17:49,959 --> 01:17:52,959

The break up of his marriage put him on the front page.

1450

01:17:52,959 --> 01:17:54,792

But he could no longer control the stories.

1451

01:17:54,792 --> 01:18:00,999

Ivana asked for half of his assets. And the press now asked, "Half of what?"

1452

01:18:00,999 --> 01:18:03,792

Forbes Magazinetook a mod of the billionaire class.

1453

01:18:03,792 --> 01:18:08,542

Everyone now knew what his architect had told us a year earlier.

1454

01:18:08,542 --> 01:18:12,667

Sometimes I think that when you hear a figure quoted,

1455

01:18:12,667 --> 01:18:14,999

ah... by Donald, you divide it by two

1456

01:18:14,999 --> 01:18:19,125

and divide by four, you''re probably closer to the real answer.

1457

01:18:19,125 --> 01:18:22,999

[narrator] Trump had built his empire on other people''s money.

1458

01:18:22,999 --> 01:18:23,999

Now he couldn''t pay it back.

1459

01:18:23,999 --> 01:18:26,792

And that empire was on the verge to bankruptcy.

1460

01:18:26,792 --> 01:18:31,208

The banks who had relied on Trump''s math were in trouble too.

1461

01:18:31,208 --> 01:18:32,999

Suddenly everything was for sale.

1462

01:18:32,999 --> 01:18:36,250

Things got so bad, Trump tried to slip his private plane

1463

01:18:36,250 --> 01:18:39,375

out of its hanger without out paying the storage fee.

1464

01:18:39,375 --> 01:18:41,291

The state police were called.

1465

01:18:41,291 --> 01:18:43,625

Clearly, order has to be restored.

1466

01:18:43,625 --> 01:18:46,625

And for now some semblance of it have been.

1467

01:18:46,625 --> 01:18:48,208

Even Donald''s father has helped out.

1468

01:18:48,208 --> 01:18:52,125

A $3 million purchase of chips in one of his son''s casinos

1469

01:18:52,125 --> 01:18:54,834

went towards paying interest to bond holders.

1470

01:18:54,834 --> 01:18:58,333

Pacifying some of them at least for a time.

1471

01:18:59,375 --> 01:19:02,959

Today, there are no new Trump extravaganzas.

1472

01:19:02,999 --> 01:19:03,959

What sustains him?

1473

01:19:03,959 --> 01:19:08,417

Perhaps the sense that even this low point is just the moment,

1474

01:19:08,417 --> 01:19:09,750

that it''s all a game.

1475

01:19:09,750 --> 01:19:12,291

[Donald] I do understand it''s all basically a game.

1476

01:19:12,291 --> 01:19:16,125

We''re all here to play the gameand we''re all hopefullyngonna play it well.

1477

01:19:16,125 --> 01:19:18,999

But some people obviously can''t play it well.

1478

01:19:18,999 --> 01:19:21,917

-Goodbye, everyone. -Mr. Trump, Fix it on my desk.

1479

01:19:21,917 --> 01:19:25,375

[narrator] For Trump, the game that made him its hero was over.

1480

01:19:25,375 --> 01:19:27,333

This is a big hurdle, and it''s great and I''m happy.

1481

01:19:27,333 --> 01:19:31,917

And maybe you people can cover one of the millions of other people now.

1482

01:19:31,917 --> 01:19:34,709

And sort of leave Trump alone.

1483

01:19:34,709 --> 01:19:37,500

[narrator] They just might do what he wants.

1484

01:19:37,500 --> 01:19:39,291

And where would that leave him?

1485

01:19:39,291 --> 01:19:42,792

The only end to this road is ultimate madness.

1486

01:19:42,792 --> 01:19:48,083

He''s living alone in an apartment complex in Panama,

1487

01:19:48,083 --> 01:19:50,792

and growing his finger nails long,

1488

01:19:50,792 --> 01:19:52,667

and starting to urine in mason jars.

1489

01:19:52,667 --> 01:19:56,166

There''s no other way,nthat or taking over the world.

1490

01:19:56,166 --> 01:19:59,999

One or the other, it''s either the most public life in the world,

1491

01:19:59,999 --> 01:20:00,999

or the most private at the end of it.

1492

01:20:00,999 --> 01:20:04,291

There''s no in between. You''re not gonna catch him, you know, with a turtle on

1493

01:20:04,291 --> 01:20:07,125

a Sunday afternoon cutting the lawn somewhere.

1494

01:20:07,125 --> 01:20:09,792

Ah... It''s gonna be one extreme or another.

1495

01:20:09,792 --> 01:20:13,208

The greatest Bond villain of all time or Howard Hughes.

1496

01:20:13,208 --> 01:20:16,291

♪ If you should forget that Trump''s his name ♪

1497

01:20:16,291 --> 01:20:20,291

♪ You''ll see it 553 times In the game ♪

1498

01:20:20,291 --> 01:20:22,458

♪ Now we, know that Donald is one rich guy ♪

1499

01:20:22,458 --> 01:20:26,999

♪ So how come in every shot He wears the same Shirt and tie ♪

1500

01:20:26,999 --> 01:20:30,709

♪ If your deals turn out luckynAnd you''re smart as a fox ♪

1501

01:20:30,709 --> 01:20:33,417

♪ You could be like Donald And then up on a box ♪

1502

01:20:33,417 --> 01:20:38,000

♪ Big batsman Never seem the same When you play Trump ♪

1503

01:20:38,250 --> 01:20:42,250

♪ The game ♪

1504

01:20:47,291 --> 01:20:48,999

Whoo...

1505

01:20:54,083 --> 01:20:55,166

[man] Over here, man.

Print

Film: Trump: What's The Deal?

http://www.journeyman.tv/film/6671

Transcript