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Welcome to our broadcast.

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Tonight we spend the hour with a man who's already left his own

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unique mark on the face and history of New York City.

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If Donald Trump is not in the news for a high stakes-deal or a

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controversial new development, he may be in a gossip column

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within his latest relationship but less than 2 years ago the

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news was that the Trump empire was in trouble and some were

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quick to announce that the kind had lost his crown.

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Donald Trump, some say, is out to prove them wrong and is

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currently writing his third book which is "The Art of the

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Comeback." That's what we want to start with .

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Donald Trump is here.

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I'm pleased to have you.

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Hi, Charlie.

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Nice to have you here.

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It's been a long time.

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It has.

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In New Orleans back during the Republican Convention in a

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little room actually talking about the challenge of the

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Japanese at that time.

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That's exactly right, exactly right.

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Now here is "Trump: The Art of the Deal."

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This is "Trump: Surviving at the Top." Here is the "Casino

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Journal" saying "Gaming's Greatest Comeback." Here is,

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guess what?

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"Casino Player: The Comeback Kid, Donald Trump's Amazing

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Turnaround." Here is "New York Magazine" out this week,

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"Fighting Back: Trump Scrambles Off the Canvas." Bill Clinton

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after the New Hampshire primary went out front and

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had a press conference.

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He said, "Even though the king's second, I'm the comeback kid."

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That's right.

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Look at what happened to Bill Clinton.

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If you could translate that for you, where would it be?

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Where would it take you to?

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What would be the equivalent of reaching the

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White House for you?

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I think just doing what I'm doing, Charlie.

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I've had a really great streak over the last year.

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A lot of people went down.

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The economy was in a horrible condition, just

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a deplorable condition.

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The politicians destroyed the economy in 1986 when they passed

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a tax law that just destroyed the real estate investor which

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in turn destroyed the banks and the savings banks and savings

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and loans.

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I really got very lucky when I built the Taj Mahal which

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everyone said, "That's going to be his downfall." The Taj Mahal

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is over $1 billion building.

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It's turned out to be one of the best deals I've ever made.

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It broke records for the last 3 months.

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It went over $40 million a month.

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No casino in history has won anywhere near that.

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All 3 of my casinos were rated 4 stars by the

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Mobile Travel Guide.

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They're the only casinos in the United States that are so rated.

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It's really been an incredible period of 6 or 7 months for me.

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It's really been gratifying.

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Now they really want to do the comeback stories and everything

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else> I think I probably care less about that than I would

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have maybe 3 or 4 years ago but it's been a pretty good

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experience for me.

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Then how are you different than you were 3 or 4

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years ago?

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I used to say, and in fact I think I said in my

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first book and maybe this was foolish but I really meant it,

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that someday I'd like to maybe lose everything for a period of

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time to see who's loyal and who's not loyal.

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Frankly, I found out that (crosstalk ).

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Did you find out who's loyal

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and who's not loyal?

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I'll tell you what.

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You can't guess it.

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You can't predict it.

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You think certain people would be loyal no matter what.

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It turns out that they're not.

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You just can't predict it.

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It's very difficult.

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What hurt the most?

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That's a whole different scene, Charlie.

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We have a situation where you have everything going,

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everything going perfectly.

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The one day you wake up.

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The world is coming to an end from the standpoint of the

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economy but I just think that I've had a lot of luck.

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I've had a lot of friends.

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I've had a lot of good friends.

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Overall, I've done really well with it.

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I'm very happy about it.

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Help me go back and understand what it was to be

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you and what happened.

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You were hit and other real estate developers.

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Some people have not been able to come back.

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Some developers in Canada and in the Untied States who had a

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magnificent reputation for quality and for the deal are

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still in bankruptcy in fact.

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How hard did it get for you?

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What was it like for you before the crash?

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Then how low did it get for you when things began to go bad?

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People were counting you out and saying that not only could you

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not recover but that you were that far from bankruptcy?

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I never thought I was that far

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from bankruptcy but

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a lot of people were giving me a hard time.

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I think overall, Charlie, it was an experience

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that I don't think

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I want to go through it again.

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I have to tell you this.

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You know what it's like.

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You're really in a position where I think that if you had to

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do it again, I'm not sure you could.

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I went through a period of 2 years that was truly tough.

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Tough in what way?

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You have parents.

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You have people that adore you.

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You have people that for 15 years nothing went wrong.

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Then all of a sudden the world seems to be coming to an end.

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It just seems to be coming.

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It was just an incredible experience for me.

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Did you have to go to your father

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and say, "Bail me out.

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Help me.

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Help me get through this crisis one more time."

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My father wouldn't have been in a position to

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bail me out but he

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certainly helped and Marley in any way he could.

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My mother was great.

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I have a sister who's a Federal judge.

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She's very, very strong.

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She's a fantastic woman.

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I never knew as to loyalty whether or not she'd be there or

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wouldn't be there.

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She was there in spades.

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Other people were there but the incredible thing is you can't

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really tell who's going to be there and who's to.

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I would have bet my life on certain people.

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I would have said politically that someone you know, Andrew

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Stein, would have been there.

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He wasn't.

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I would have said that other people --

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Would have been there for what?

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He wasn't there in terms of for 15 years I

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supported Andrew Stein, supported him.

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I never asked him for a thing.

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When I needed a vote at 1 Riverside South until the very

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end when everybody else was on-board, Andrew was not there.

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I was really surprised at that.

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Now ultimately, he was there but it shouldn't

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have been so difficult.

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It really shouldn't have been.

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I understand but here comes one of the things

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they say about you is that there ticks within you a

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vindictiveness about that.

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You're not going to forget that.

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Part of the Trump style is to at some point try

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to get Stein back.

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I don't think I'm going to try

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and get Stein back.

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I'm just disappointed.

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I'm disappointed in other people.

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I'm not disappointed in some.

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There have been people that were much more -- A man like Allan

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Greenberg or Bear Sterns who would call me every day doing

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the --

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What would he say?

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He'd just call me and boost me. He'd say, "Just

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keep fighting.

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Just keep fighting." He's really a phenomenal guy

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and a great leader.

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That's why Bear Sterns.

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Without any big parent company, Bear Sterns has just done

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tremendously well but Allan has been a really loyal friends.

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I've had a lot of other friends but the thing -- I guess I'm

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going to go into this in the third book.

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I do one book.

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It's a best seller.

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I do another book.

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It's a best-seller.

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Both books were Number 1.

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Frankly, I think this is the best book.

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I think this will be best book because I really believe I know

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much more now than I did for the other 2.

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What do you know?

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I've learned about hardship,

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something which really

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I didn't know.

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I went to the best school.

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I did great.

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You go to the Wharton School of Finance.

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You go through ti easily.

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You do fantastically well.

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Everything goes smooth.

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You get out of school.

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You make a lot of money.

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Every deal works out.

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It was just a series of you couldn't make a mistake.

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Did you think you were invincible at that time?

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I never thought I was invincible

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because I've seen

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too much.

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You have to learn from history about others.

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I never thought I was invincible but I had a

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15-year run that was

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virtually unprecedented.

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I had a tremendous run.

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All of a sudden, 1990 it.

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I remember there was an article, "Welcome to the

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'90s," but 1990 hit.

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The economy was crashing.

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The banks were crashing.

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Everything was crashing.

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What happened is I learned a lot about myself.

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I learned a lot about other people.

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You keep saying, "I learned.

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I learned." What did you learn about yourself?

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What was it?

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I think I learned for real that

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I'm a pretty tough

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guy because you really -- takes a tough guy.

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It takes the brains.

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It takes the this but it also takes a toughness because to go

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through a period of turmoil where everything seems to be

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going in the wrong direction and survive it and end up as they

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say in my new magazine coves are coming back.

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Yeah but what they say here,

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what Greenberg says,

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is that Trump went from owning 100% of nothing to 50% of

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something that's making money. Fair?

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I think that's what he said.

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He actually said making a lot of money.

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(Crosstalk ).

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That's right.

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He did say that.

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What's happened is that the casinos

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have turned out

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to be tremendous for money.

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Again, a lot of people were criticizing the move into the

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casinos at all but they really turned out to be tremendous.

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Real estate in New York is starting to come back on a very

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slow basis.

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I don't know how long it's going to take.

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I think it's going to take a long time but the casinos in

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particular have been fantastic but it's just worked out for me.

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It hasn't worked out for a lot other people.

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I think a lot of that has to do with an inner strength.

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That's what I'm going to be writing about.

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A lot of it also though has to do with other people, the

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loyalties of other people, how you've treated other people so

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that maybe they are loyal.

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Did it split the family?

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No.

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Did it cause division between

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you and your brother?

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It didn't cause division.

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I was a little disappointed in my brother.

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I thought he would have fought harder than he did.

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I was the opposite of my sister.

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I have a sister who is really a phenomenal lady.

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She really --

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This id the judge.

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The judge. She really was just tremendous.

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My other sister likewise was tremendous.

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00:09:33.000 --> 00:09:35.367
My parents have always been what I would expect them to be.

264
00:09:35.367 --> 00:09:38.300
It's interesting.

265
00:09:38.300 --> 00:09:41.200
One of my attorneys said, "Always count on your mother." I

266
00:09:41.200 --> 00:09:43.634
maybe took advantage of my mother.

267
00:09:43.634 --> 00:09:45.934
I never appreciated her as much but she was really fantastic.

268
00:09:45.934 --> 00:09:48.167
It is also said you came out in

269
00:09:48.167 --> 00:09:50.367
defense of Mike Tyson.

270
00:09:50.367 --> 00:09:51.934
You came up with these (inaudible ).

271
00:09:51.934 --> 00:09:53.501
It is said that your mother said, "Enough, Donald.

272
00:09:53.501 --> 00:09:55.067
Shut up."

273
00:09:55.067 --> 00:09:56.634
I think that's probably the first time that my

274
00:09:56.634 --> 00:09:58.200
mother absolutely got angry at me.

275
00:09:58.200 --> 00:10:00.367
I really mean that.

276
00:10:00.367 --> 00:10:02.234
My mother was so crazy when I came out in

277
00:10:02.234 --> 00:10:04.133
defense of Mike Tyson.

278
00:10:04.133 --> 00:10:06.234
Part of the reason I came out in defense --

279
00:10:06.234 --> 00:10:08.067
Your mother's, what, 80 something?

280
00:10:08.067 --> 00:10:09.934
My mother's 80 years old.

281
00:10:09.934 --> 00:10:11.567
Part of the reason that --

282
00:10:11.567 --> 00:10:13.167
She's tough enough to survive a mugging.

283
00:10:13.167 --> 00:10:15.133
She's tough but she's quality.

284
00:10:15.133 --> 00:10:17.300
More than tough, she's quality.

285
00:10:17.300 --> 00:10:19.167
She said what?

286
00:10:19.167 --> 00:10:21.167
She didn't exactly like the fact that I was

287
00:10:21.167 --> 00:10:23.534
defending Iron Mike but I watched what

288
00:10:23.534 --> 00:10:26.100
happened to Mike Tyson.

289
00:10:26.100 --> 00:10:28.567
I watched how badly he was represented by an attorney in

290
00:10:28.567 --> 00:10:30.767
Washington that was charging him $3, $4 or $5 million against a

291
00:10:30.767 --> 00:10:33.534
local attorney, the best within 100 miles, that the state hired

292
00:10:33.534 --> 00:10:36.501
who just ate the other man's lunch.

293
00:10:36.501 --> 00:10:39.067
I watched the way he did it.

294
00:10:39.067 --> 00:10:41.968
I heard about a girl that late in the evening knocked on his

295
00:10:41.968 --> 00:10:44.601
door, was taken in, was raped perhaps, perhaps not.

296
00:10:44.601 --> 00:10:47.334
I don't know.

297
00:10:47.334 --> 00:10:49.634
Again, I think he was badly represented but I did see that

298
00:10:49.634 --> 00:10:51.901
Number 1, she knocks late in the night.

299
00:10:51.901 --> 00:10:54.067
Number 2, she's dancing in a beauty contest at 8:00AM.

300
00:10:54.067 --> 00:10:56.567
I saw the tapes.

301
00:10:56.567 --> 00:10:58.901
I see the big smile on her face.

302
00:10:58.901 --> 00:11:01.167
She's dancing happily at 8:00AM.

303
00:11:01.167 --> 00:11:03.400
Then Mike Tyson's in jail for 4, 5 or 6 years.

304
00:11:03.400 --> 00:11:05.801
I had a real problem with that case.

305
00:11:05.801 --> 00:11:08.367
I had a real problem with Mike Tyson's lawyers.

306
00:11:08.367 --> 00:11:11.100
I had a real problem with Don King.

307
00:11:11.100 --> 00:11:13.667
I just think that he was really fed out to the wolves.

308
00:11:13.667 --> 00:11:16.100
But if, in fact, he raped her in that hotel room

309
00:11:16.100 --> 00:11:18.200
regardless of whether she came there, you think that he should

310
00:11:18.200 --> 00:11:20.667
have been convicted and then should have gone to the slammer?

311
00:11:20.667 --> 00:11:22.901
He to this day denies it.

312
00:11:22.901 --> 00:11:24.801
I don't know that it happened.

313
00:11:24.801 --> 00:11:26.601
I think that as they said if he didn't testify, he would have

314
00:11:26.601 --> 00:11:28.501
been exonerated totally.

315
00:11:28.501 --> 00:11:30.267
The jury said that.

316
00:11:30.267 --> 00:11:32.167
Mike was arrogant.

317
00:11:32.167 --> 00:11:34.133
He was a horrible witness from what I understand.

318
00:11:34.133 --> 00:11:36.334
I'm not surprised.

319
00:11:36.334 --> 00:11:38.234
I would say that generally speaking, you don't put Mike on

320
00:11:38.234 --> 00:11:40.133
as a witness but he was a horrible witness.

321
00:11:40.133 --> 00:11:42.234
To get 4, 5, or 6 years, I think that there was

322
00:11:42.234 --> 00:11:44.300
just too many circumstances.

323
00:11:44.300 --> 00:11:46.100
Again, she was in a beauty contest.

324
00:11:46.100 --> 00:11:48.133
She was dancing with a big smile on her face at 8:00AM.

325
00:11:48.133 --> 00:11:50.200
Yeah but the jury sat there.

326
00:11:50.200 --> 00:11:52.000
They listened to her too.

327
00:11:52.000 --> 00:11:54.000
They had an opportunity to hear her and test her credibility as

328
00:11:54.000 --> 00:11:56.067
they heard it and also to face questions.

329
00:11:56.067 --> 00:11:58.133
This guy's not a bad lawyer.

330
00:11:58.133 --> 00:11:59.901
He might have handled this case bad but he's the same man that

331
00:11:59.901 --> 00:12:01.501
represented John Hinckley and others and had an extraordinary

332
00:12:01.501 --> 00:12:02.968
reputation in a very good Washington firm.

333
00:12:02.968 --> 00:12:04.534
I watched Mike.

334
00:12:04.534 --> 00:12:06.000
I've been with Mike.

335
00:12:06.000 --> 00:12:07.567
I've seen him.

336
00:12:07.567 --> 00:12:09.334
People really take advantage of this man.

337
00:12:09.334 --> 00:12:11.400
I want to tell you something.

338
00:12:11.400 --> 00:12:13.634
I think this is one of those examples.

339
00:12:13.634 --> 00:12:15.834
Now I know we have a system of juries.

340
00:12:15.834 --> 00:12:18.133
We have a system where if you're found guilty, you're guilty but

341
00:12:18.133 --> 00:12:20.400
somebody like me and maybe who has a little bit more

342
00:12:20.400 --> 00:12:22.567
independent streak can say, "Hey, Mike Tyson in my opinion

343
00:12:22.567 --> 00:12:24.734
should really be given another break." They put him in jail

344
00:12:24.734 --> 00:12:26.834
before he was even guilty as far as I was concerned.

345
00:12:26.834 --> 00:12:28.934
Do you believe he'll fight again?

346
00:12:28.934 --> 00:12:31.000
Do you believe he'll ever be the heavyweight champ again?

347
00:12:31.000 --> 00:12:32.901
I think he'll fight again.

348
00:12:32.901 --> 00:12:34.868
I don't know that he'll be the heavyweight champ again.

349
00:12:34.868 --> 00:12:36.567
In the prison that he's in, they don't allow boxing.

350
00:12:36.567 --> 00:12:38.367
That's a long way off.

351
00:12:38.367 --> 00:12:39.968
Some of the young fighters that are coming up in the heavyweight

352
00:12:39.968 --> 00:12:41.400
division are great.

353
00:12:41.400 --> 00:12:42.834
But Ali came back from years (crosstalk ).

354
00:12:42.834 --> 00:12:44.367
Ali came back.

355
00:12:44.367 --> 00:12:46.067
He was totally unique.

356
00:12:46.067 --> 00:12:48.000
He was a unique man.

357
00:12:48.000 --> 00:12:50.100
Maybe Mike will come back.

358
00:12:50.100 --> 00:12:52.234
I think Mike probably will be the champion again but you have

359
00:12:52.234 --> 00:12:53.868
some young fighters coming up, heavyweight fighters like Llenox

360
00:12:53.868 --> 00:12:55.501
Lewis who is absolutely phenomenal.

361
00:12:55.501 --> 00:12:57.100
Do you think Holyfield's going to lose.

362
00:12:57.100 --> 00:12:58.734
I think Holyfield .. I'm not sure

363
00:12:58.734 --> 00:13:00.367
if he's going to

364
00:13:00.367 --> 00:13:02.067
lose now but I think the next champion's going

365
00:13:02.067 --> 00:13:03.567
to be Llenox Lewis.

366
00:13:03.567 --> 00:13:04.934
He sure did a number on --

367
00:13:04.934 --> 00:13:06.467
I know.

368
00:13:06.467 --> 00:13:07.901
He was incredible.

369
00:13:07.901 --> 00:13:09.200
-- in London.

370
00:13:09.200 --> 00:13:10.667
He knocked out -

371
00:13:10.667 --> 00:13:12.267
First round, wasn't it?

372
00:13:12.267 --> 00:13:13.968
Second round.

373
00:13:13.968 --> 00:13:15.501
Or second round.

374
00:13:15.501 --> 00:13:17.133
This gentleman went 18 or 20 rounds with Mike.

375
00:13:17.133 --> 00:13:18.868
But that was his claim to fame, that he survived

376
00:13:18.868 --> 00:13:20.434
being in the ring with Tyson.

377
00:13:20.434 --> 00:13:21.834
Llenox Lewis is probably the real thing.

378
00:13:21.834 --> 00:13:23.133
He could be the first real thing since Mike.

379
00:13:23.133 --> 00:13:24.634
It will be interesting.

380
00:13:24.634 --> 00:13:26.000
He's younger.

381
00:13:26.000 --> 00:13:27.501
He's this and that.

382
00:13:27.501 --> 00:13:29.400
What is your fascination?

383
00:13:29.400 --> 00:13:31.334
Are you an athlete?

384
00:13:31.334 --> 00:13:33.000
I am pretty much of an athlete.

385
00:13:33.000 --> 00:13:34.534
A scratch golfer or close --

386
00:13:34.534 --> 00:13:35.934
Scratch golfer.

387
00:13:35.934 --> 00:13:37.467
You mean like you do par 72, 73?

388
00:13:37.467 --> 00:13:39.133
Yeah.

389
00:13:39.133 --> 00:13:40.868
On good courses?

390
00:13:40.868 --> 00:13:42.667
On good courses.

391
00:13:42.667 --> 00:13:43.934
Up against good players?

392
00:13:43.934 --> 00:13:45.200
Up against good players.

393
00:13:45.200 --> 00:13:46.467
For money or not for money?

394
00:13:46.467 --> 00:13:47.734
I like playing for money because it

395
00:13:47.734 --> 00:13:49.000
gives you an interest.

396
00:13:49.000 --> 00:13:50.501
It really does.

397
00:13:50.501 --> 00:13:52.167
Golf was something that really helped me through a period.

398
00:13:52.167 --> 00:13:53.634
When I was when I was really - There's a point at which you

399
00:13:53.634 --> 00:13:55.234
can't push.

400
00:13:55.234 --> 00:13:56.968
You have to sit back and wait and see how

401
00:13:56.968 --> 00:13:58.467
the chips are falling.

402
00:13:58.467 --> 00:14:00.133
During the adversity period?

403
00:14:00.133 --> 00:14:01.634
During the adversity period.

404
00:14:01.634 --> 00:14:02.901
I'd go out on the golf course.

405
00:14:02.901 --> 00:14:04.167
Sometimes I'd go out with some friends who are good golfers.

406
00:14:04.167 --> 00:14:05.434
You play.

407
00:14:05.434 --> 00:14:06.734
You really don't think about all of the problems

408
00:14:06.734 --> 00:14:08.000
of the world and

409
00:14:08.000 --> 00:14:09.767
the problems of other things.

410
00:14:09.767 --> 00:14:11.334
Again, I'd like to blame myself but one of the things is frankly

411
00:14:11.334 --> 00:14:13.033
I as doing so well and it was all so easy that I took it easy.

412
00:14:13.033 --> 00:14:14.534
All of a sudden, I started relying on other people.

413
00:14:14.534 --> 00:14:15.934
I said, "Listen.

414
00:14:15.934 --> 00:14:17.234
You went to the Wharton School of Finance.

415
00:14:17.234 --> 00:14:18.701
You're a genius.

416
00:14:18.701 --> 00:14:20.033
You take care of this.

417
00:14:20.033 --> 00:14:21.300
You take care of that.

418
00:14:21.300 --> 00:14:22.734
You do this." I stopped.

419
00:14:22.734 --> 00:14:24.067
I got really pitiful.

420
00:14:24.067 --> 00:14:25.334
I did it myself.

421
00:14:25.334 --> 00:14:26.434
Since then things have been fantastic.

422
00:14:26.434 --> 00:14:27.934
It's just been (crosstalk ).

423
00:14:27.934 --> 00:14:29.701
'92.

424
00:14:29.701 --> 00:14:31.567
The best year of your life?

425
00:14:31.567 --> 00:14:33.434
I think '92 could be certainly one of the best

426
00:14:33.434 --> 00:14:35.334
years of my life because it really all came together for me,

427
00:14:35.334 --> 00:14:37.267
financially speaking and in so many other ways.

428
00:14:37.267 --> 00:14:39.234
I read all these numbers.

429
00:14:39.234 --> 00:14:41.200
This is not investigative journalism here.

430
00:14:41.200 --> 00:14:43.167
We're interested in what makes you tick.

431
00:14:43.167 --> 00:14:45.133
We don't have the resources, the manpower or the time doing a

432
00:14:45.133 --> 00:14:47.133
nightly show to do what somebody would do if they spent 6 months

433
00:14:47.133 --> 00:14:48.868
working on a piece about you.

434
00:14:48.868 --> 00:14:50.667
But you do have a brain.

435
00:14:50.667 --> 00:14:52.534
Help me with the numbers.

436
00:14:52.534 --> 00:14:54.734
Do you owe $5 billion?

437
00:14:54.734 --> 00:14:56.634
At one point I guess I owed pretty close to $5

438
00:14:56.634 --> 00:14:58.567
billion but I had assets far in excess of that.

439
00:14:58.567 --> 00:15:00.734
They passed 1 986 tax law which was just absolute stupidity by

440
00:15:00.734 --> 00:15:02.467
the politicians.

441
00:15:02.467 --> 00:15:04.234
Yeah but a lot of people supported that.

442
00:15:04.234 --> 00:15:06.000
(Crosstalk ) and Bill Bradley and a lot of other people

443
00:15:06.000 --> 00:15:07.767
(crosstalk ) with the tax reform act of all time

444
00:15:07.767 --> 00:15:09.534
(crosstalk ) and

445
00:15:09.534 --> 00:15:11.601
Jack Kemp too, did he not?

446
00:15:11.601 --> 00:15:13.667
I like Bill Bradley.

447
00:15:13.667 --> 00:15:15.701
I like a lot of the people that you mentioned.

448
00:15:15.701 --> 00:15:17.734
They didn't really support but Bill Bradley did very much --

449
00:15:17.734 --> 00:15:19.767
Bill Bradley, it was hi (crosstalk ).

450
00:15:19.767 --> 00:15:21.767
-- but I have to tell you he destroyed the home

451
00:15:21.767 --> 00:15:23.534
building industry in the United States.

452
00:15:23.534 --> 00:15:25.367
He destroyed the savings and loans industry.

453
00:15:25.367 --> 00:15:26.968
The Tax Reform Act of '86 he did?

454
00:15:26.968 --> 00:15:28.667
Absolutely.

455
00:15:28.667 --> 00:15:30.200
What happened was incentive was taken out of the

456
00:15:30.200 --> 00:15:31.868
real estate industry.

457
00:15:31.868 --> 00:15:33.334
The industry is such as saving sand loan.

458
00:15:33.334 --> 00:15:34.968
They're based on real estate.

459
00:15:34.968 --> 00:15:36.734
When the values went down -- They're permanent.

460
00:15:36.734 --> 00:15:38.300
They're absolutely permanent.

461
00:15:38.300 --> 00:15:40.000
The savings and loan had billions of dollars in real

462
00:15:40.000 --> 00:15:42.033
estate that now all of a sudden is one-half the billions of

463
00:15:42.033 --> 00:15:44.334
dollars in real estate.

464
00:15:44.334 --> 00:15:46.767
Yeah but you know better than I do that during

465
00:15:46.767 --> 00:15:49.100
that time the savings and loan crisis came about because a lot

466
00:15:49.100 --> 00:15:50.901
of savings and loan lent a lot of money to developers that were

467
00:15:50.901 --> 00:15:52.701
bad loans that should not ever have been made.

468
00:15:52.701 --> 00:15:54.467
Then all of a sudden --

469
00:15:54.467 --> 00:15:56.267
That's true. I have to tell you it's 100% true

470
00:15:56.267 --> 00:16:00.133
but a lot of that was exacerbated.

471
00:16:00.133 --> 00:16:02.367
A lot of loans that could have been good loans were made into

472
00:16:02.367 --> 00:16:04.534
bad loans because of the change, because of the

473
00:16:04.534 --> 00:16:06.934
'86 tax law change.

474
00:16:06.934 --> 00:16:09.501
What that did is all of a sudden you had resolution trust.

475
00:16:09.501 --> 00:16:11.701
You're paying billions and billions.

476
00:16:11.701 --> 00:16:13.801
In order to save $5 billion in taxes, we're now paying

477
00:16:13.801 --> 00:16:15.667
trillions of dollars to save industries and save banks and

478
00:16:15.667 --> 00:16:17.567
save (crosstalk ).

479
00:16:17.567 --> 00:16:19.234
Some people have come along and made a ton of

480
00:16:19.234 --> 00:16:20.968
money because (crosstalk ).

481
00:16:20.968 --> 00:16:22.734
Didn't I see where Ron (inaudible ) the other day made

482
00:16:22.734 --> 00:16:24.501
$1 billion or something?

483
00:16:24.501 --> 00:16:26.234
I don't know what he made but

484
00:16:26.234 --> 00:16:30.000
frankly, he's a good man.

485
00:16:30.000 --> 00:16:32.234
I hope he did make a lot of money but it's the

486
00:16:32.234 --> 00:16:34.200
government's fault.

487
00:16:34.200 --> 00:16:36.167
The government passed a very stupid law.

488
00:16:36.167 --> 00:16:38.133
They have to put the incentive back into real estate.

489
00:16:38.133 --> 00:16:40.133
I think we're doing it.

490
00:16:40.133 --> 00:16:42.167
I think they're going to do it (crosstalk ).

491
00:16:42.167 --> 00:16:43.968
Here's the other side.

492
00:16:43.968 --> 00:16:46.200
It is that people with great entrepreneurial gifts like you

493
00:16:46.200 --> 00:16:48.567
but you get yourself extended too far, too much debt and too

494
00:16:48.567 --> 00:16:51.133
much expense.

495
00:16:51.133 --> 00:16:53.534
Then as happens in America, there is a business cycle.

496
00:16:53.534 --> 00:16:56.467
When the economy goes up and goes down if you get yourself

497
00:16:56.467 --> 00:16:58.901
extended too far and you've got a huge debt service, all of a

498
00:16:58.901 --> 00:17:01.834
sudden push comes to shove.

499
00:17:01.834 --> 00:17:04.501
You find yourself in a very, very, between a

500
00:17:04.501 --> 00:17:07.000
rock and a hard place.

501
00:17:07.000 --> 00:17:09.434
Is it that, extending yourself too far, that causes so many

502
00:17:09.434 --> 00:17:11.834
people to come to ruin?

503
00:17:11.834 --> 00:17:14.133
I think you're right.

504
00:17:14.133 --> 00:17:16.200
I'm not going to not take blame for that.

505
00:17:16.200 --> 00:17:18.067
I think anybody takes blame for that because anybody that does

506
00:17:18.067 --> 00:17:20.267
anything -- The only people that don't get in trouble are the

507
00:17:20.267 --> 00:17:22.334
people that don't do anything.

508
00:17:22.334 --> 00:17:24.400
Sure.

509
00:17:24.400 --> 00:17:26.167
If you play it safe and no risk, then there's no reward.

510
00:17:26.167 --> 00:17:28.033
When I do things like built the Taj Mahal they

511
00:17:28.033 --> 00:17:29.667
said, "$1 billion building?

512
00:17:29.667 --> 00:17:31.367
How can it possibly?"

513
00:17:31.367 --> 00:17:33.167
Now it's turned out to be tremendously successful.

514
00:17:33.167 --> 00:17:35.033
It takes time.

515
00:17:35.033 --> 00:17:36.901
You've got to be able to get over the hump.

516
00:17:36.901 --> 00:17:38.834
Riverside South is going to be tremendously.

517
00:17:38.834 --> 00:17:40.734
Let's stop at Riverside South though.

518
00:17:40.734 --> 00:17:42.701
First of all, here is one of the arguments made about Riverside

519
00:17:42.701 --> 00:17:44.400
South, that you faced a huge opposition on the part of the

520
00:17:44.400 --> 00:17:46.200
Planning Commission.

521
00:17:46.200 --> 00:17:48.133
A lot of people who did not want to see a huge development, you

522
00:17:48.133 --> 00:17:50.067
turned it around.

523
00:17:50.067 --> 00:17:51.801
Most people give you the credit for turning it around.

524
00:17:51.801 --> 00:17:53.567
You ended up with, what is it, 9 and 0?

525
00:17:53.567 --> 00:17:55.167
How many people on the Commission?

526
00:17:55.167 --> 00:17:56.601
I don't remember.

527
00:17:56.601 --> 00:17:58.000
We had 12 of them.

528
00:17:58.000 --> 00:17:59.367
A 12/0 vote.

529
00:17:59.367 --> 00:18:00.767
How did you do it?

530
00:18:00.767 --> 00:18:02.167
Did you make so many concessions in doing it that

531
00:18:02.167 --> 00:18:03.534
it no longer is

532
00:18:03.534 --> 00:18:05.200
an economically-viable project?

533
00:18:05.200 --> 00:18:06.701
The only way you can talk about viability is

534
00:18:06.701 --> 00:18:08.300
what's going to happen with the market.

535
00:18:08.300 --> 00:18:09.767
Today's nothing viable.

536
00:18:09.767 --> 00:18:11.100
Today nothing is viable.

537
00:18:11.100 --> 00:18:12.634
You can have the greatest piece of land and the best location in

538
00:18:12.634 --> 00:18:14.000
New York.

539
00:18:14.000 --> 00:18:15.534
Nothing's viable.

540
00:18:15.534 --> 00:18:16.968
When I did the Grand Hyatt Hotel, I will tell you the hotel

541
00:18:16.968 --> 00:18:18.501
market was in shambles.

542
00:18:18.501 --> 00:18:19.934
Everybody said, "Donald, you're crazy." I was crazy.

543
00:18:19.934 --> 00:18:21.501
I did it.

544
00:18:21.501 --> 00:18:22.801
All of a sudden, I got it jumped.

545
00:18:22.801 --> 00:18:24.100
I started building it.

546
00:18:24.100 --> 00:18:25.400
By the time it opened, it was a tremendous job.

547
00:18:25.400 --> 00:18:26.701
Yeah but would it have been

548
00:18:26.701 --> 00:18:27.968
successful without the

549
00:18:27.968 --> 00:18:29.567
zoning and the abatements

550
00:18:29.567 --> 00:18:31.000
No, it wouldn't have been.

551
00:18:31.000 --> 00:18:32.567
(Crosstalk ).

552
00:18:32.567 --> 00:18:34.267
But you got the concession.

553
00:18:34.267 --> 00:18:35.801
Absolutely.

554
00:18:35.801 --> 00:18:37.434
Now what we're doing is we're asking for certain things in

555
00:18:37.434 --> 00:18:39.167
order to make Riverside South successful.

556
00:18:39.167 --> 00:18:41.200
We have tremendous popularity.

557
00:18:41.200 --> 00:18:43.000
Ever civil association virtually in New York is supporting it.

558
00:18:43.000 --> 00:18:44.834
But they're supporting it because of the

559
00:18:44.834 --> 00:18:46.734
concessions you made in terms of the subway --

560
00:18:46.734 --> 00:18:48.634
Yes. I know (crosstalk ).

561
00:18:48.634 --> 00:18:50.300
-- (crosstalk ) and all of that kind of thing.

562
00:18:50.300 --> 00:18:52.067
The question remains can you deliver on it?

563
00:18:52.067 --> 00:18:53.901
The bottom line is if the market

564
00:18:53.901 --> 00:18:55.767
comes back, you deliver.

565
00:18:55.767 --> 00:18:57.667
If the market doesn't come back, you don't deliver.

566
00:18:57.667 --> 00:18:59.567
Now maybe Clinton's going to come up with a housing program

567
00:18:59.567 --> 00:19:01.567
where you're getting subsidized housing or something in which

568
00:19:01.567 --> 00:19:03.300
case you do it in a different way.

569
00:19:03.300 --> 00:19:05.400
We're looking to get zoning for a piece of land that's un-zoned,

570
00:19:05.400 --> 00:19:07.601
that's employing no people, that's sitting there rotting.

571
00:19:07.601 --> 00:19:09.801
It's rat-infested.

572
00:19:09.801 --> 00:19:12.200
If I get the zoning which I hope to be able to get, the city

573
00:19:12.200 --> 00:19:14.267
desperately needs the job, if the city turns around, then if

574
00:19:14.267 --> 00:19:15.767
the economy turns around and incentives are put back into

575
00:19:15.767 --> 00:19:17.267
real estate on a Federal basis --

576
00:19:17.267 --> 00:19:18.734
If, if and if.

577
00:19:18.734 --> 00:19:20.234
No, no. There's always if but there's been if's

578
00:19:20.234 --> 00:19:21.734
in everything I've

579
00:19:21.734 --> 00:19:23.234
ever do one.

580
00:19:23.234 --> 00:19:24.634
When I did Trump Tower (inaudible ), people said I was

581
00:19:24.634 --> 00:19:25.901
totally crazy.

582
00:19:25.901 --> 00:19:27.133
It couldn't possibly succeed.

583
00:19:27.133 --> 00:19:28.534
It aws too big.

584
00:19:28.534 --> 00:19:30.100
It aws too expensive.

585
00:19:30.100 --> 00:19:31.501
It was too everything.

586
00:19:31.501 --> 00:19:32.834
It turned out to be probably the most successful condominium

587
00:19:32.834 --> 00:19:34.067
development ever in this country.

588
00:19:34.067 --> 00:19:35.234
Is it profitable?

589
00:19:35.234 --> 00:19:36.634
The Trump Tower?

590
00:19:36.634 --> 00:19:37.901
Yeah.

591
00:19:37.901 --> 00:19:39.501
The most.

592
00:19:39.501 --> 00:19:41.467
It was the most successful development ever built in this

593
00:19:41.467 --> 00:19:43.701
country on a condominium basis.

594
00:19:43.701 --> 00:19:45.968
I will tell you 2 years before I started construction, people

595
00:19:45.968 --> 00:19:48.601
thought I was totally crazy to do it.

596
00:19:48.601 --> 00:19:50.968
It really worked out to be fantastic.

597
00:19:50.968 --> 00:19:53.133
You can say the Taj Mahal, you can say Trump Plaza.

598
00:19:53.133 --> 00:19:55.501
So many of the jobs I do at the time I'm doing them are supposed

599
00:19:55.501 --> 00:19:57.501
to be not good.

600
00:19:57.501 --> 00:19:59.501
They turn out to be tremendous.

601
00:19:59.501 --> 00:20:01.501
Who makes the decision as to

602
00:20:01.501 --> 00:20:03.234
when you go ahead?

603
00:20:03.234 --> 00:20:04.801
Is that a decision made by you --

604
00:20:04.801 --> 00:20:06.501
Yes.

605
00:20:06.501 --> 00:20:08.234
-- or is that decision made by the bank?

606
00:20:08.234 --> 00:20:10.067
No, no, no. It's made by me.

607
00:20:10.067 --> 00:20:11.667
A partial vote projects (inaudible )?

608
00:20:11.667 --> 00:20:13.133
I'll tell you what.

609
00:20:13.133 --> 00:20:14.734
The City is lucky to have the bankers that I have on my job

610
00:20:14.734 --> 00:20:16.434
because they've invested a lot.

611
00:20:16.434 --> 00:20:17.968
They have confidence in me.

612
00:20:17.968 --> 00:20:19.334
They have confidence in the City.

613
00:20:19.334 --> 00:20:20.634
Frankly, they're very lucky because otherwise,

614
00:20:20.634 --> 00:20:22.100
it could be a war.

615
00:20:22.100 --> 00:20:23.701
It could be a this.

616
00:20:23.701 --> 00:20:25.267
It could be a that.

617
00:20:25.267 --> 00:20:26.868
That would be bad for everybody.

618
00:20:26.868 --> 00:20:28.300
I have some really great banks on this particular site.

619
00:20:28.300 --> 00:20:29.834
They've gone with me.

620
00:20:29.834 --> 00:20:31.501
They believe in me.

621
00:20:31.501 --> 00:20:33.267
I'll tell you what?

622
00:20:33.267 --> 00:20:35.067
I think ultimately the decision's going to be right.

623
00:20:35.067 --> 00:20:36.667
It's going to a great success.

624
00:20:36.667 --> 00:20:38.400
You know what they say?

625
00:20:38.400 --> 00:20:40.167
When you owe as much money as you did, they

626
00:20:40.167 --> 00:20:42.000
become your partners.

627
00:20:42.000 --> 00:20:43.868
Yeah but that's really a false statement because

628
00:20:43.868 --> 00:20:45.801
Reichman owed a lot more money than me.

629
00:20:45.801 --> 00:20:47.734
Nobody's partners with Reichman.

630
00:20:47.734 --> 00:20:49.434
They went bankrupt.

631
00:20:49.434 --> 00:20:51.200
Reichman's in deep trouble.

632
00:20:51.200 --> 00:20:53.033
Are they in bankruptcy?

633
00:20:53.033 --> 00:20:54.901
I want to be fair to them.

634
00:20:54.901 --> 00:20:56.567
They are in bankruptcy.

635
00:20:56.567 --> 00:20:58.033
Frankly, they're just in real deep trouble.

636
00:20:58.033 --> 00:20:59.667
My banks have had a great confidence in me.

637
00:20:59.667 --> 00:21:01.367
They know I'm good.

638
00:21:01.367 --> 00:21:02.934
They know I do it the best.

639
00:21:02.934 --> 00:21:04.567
They also know that I'm honest and (crosstalk ).

640
00:21:04.567 --> 00:21:06.300
But did they have a choice?

641
00:21:06.300 --> 00:21:07.834
Absolutely.

642
00:21:07.834 --> 00:21:09.501
They had a lot of money (crosstalk ).

643
00:21:09.501 --> 00:21:11.267
They had a lot of money at stake.

644
00:21:11.267 --> 00:21:12.834
(Crosstalk ) their loan back.

645
00:21:12.834 --> 00:21:14.234
I'm not saying it would have been easy had the

646
00:21:14.234 --> 00:21:15.801
other route gone but I will tell you.

647
00:21:15.801 --> 00:21:17.501
I will tell you.

648
00:21:17.501 --> 00:21:18.968
They absolutely had a choice.

649
00:21:18.968 --> 00:21:20.434
They could have gone a different route.

650
00:21:20.434 --> 00:21:21.901
What's the route they could have gone?

651
00:21:21.901 --> 00:21:23.367
It could have been a contingence

652
00:21:23.367 --> 00:21:24.834
route rather than

653
00:21:24.834 --> 00:21:26.734
working and working with me, et cetera.

654
00:21:26.734 --> 00:21:28.701
It could have been a contingence route.

655
00:21:28.701 --> 00:21:30.400
That would have been bad for me.

656
00:21:30.400 --> 00:21:31.934
It would have been bad for them (crosstalk ).

657
00:21:31.934 --> 00:21:33.567
They could have put you up against the wall and

658
00:21:33.567 --> 00:21:35.067
said, "You owe us this money.

659
00:21:35.067 --> 00:21:36.667
You can't pay it back.

660
00:21:36.667 --> 00:21:38.133
We call the tune."

661
00:21:38.133 --> 00:21:39.734
They could have done that.

662
00:21:39.734 --> 00:21:41.434
I think if they did that, it would have been bad for

663
00:21:41.434 --> 00:21:42.934
everybody, including them.

664
00:21:42.934 --> 00:21:44.601
I think they understood that but more importantly, see, I found

665
00:21:44.601 --> 00:21:46.067
out --

666
00:21:46.067 --> 00:21:47.667
Bad for them because they would have lost money.

667
00:21:47.667 --> 00:21:49.400
Pretty much I think so.

668
00:21:49.400 --> 00:21:51.167
I think so.

669
00:21:51.167 --> 00:21:53.000
I found out a couple of things about banks.

670
00:21:53.000 --> 00:21:54.634
First of all, I find the banks to be very, very underrated in

671
00:21:54.634 --> 00:21:55.834
terms of the intelligence level, the whole thing.

672
00:21:55.834 --> 00:21:57.033
I have worked with the banks very closely now for a period of

673
00:21:57.033 --> 00:21:58.200
2 years.

674
00:21:58.200 --> 00:21:59.400
These guys have done a fantastic job, at least

675
00:21:59.400 --> 00:22:00.601
as far as my stuff

676
00:22:00.601 --> 00:22:01.834
is concerned.

677
00:22:01.834 --> 00:22:03.267
I've done great for them.

678
00:22:03.267 --> 00:22:04.834
They've done great for me.

679
00:22:04.834 --> 00:22:06.501
My thing is (inaudible ).

680
00:22:06.501 --> 00:22:08.267
I believe that in 6 months, in 12 months, I may be stronger

681
00:22:08.267 --> 00:22:10.067
than I was 2 years ago or 3 years ago.

682
00:22:10.067 --> 00:22:12.234
I think I will be stronger than I was 2 or 3 years ago.

683
00:22:12.234 --> 00:22:14.701
I would like to see an uptake in the market.

684
00:22:14.701 --> 00:22:17.467
I think you're going to have an uptake in the market.

685
00:22:17.467 --> 00:22:20.467
Why do you think you'll be stronger?

686
00:22:20.467 --> 00:22:23.467
(Crosstalk ) given up equity.

687
00:22:23.467 --> 00:22:26.467
Very little equity.

688
00:22:26.467 --> 00:22:29.567
What have I given up?

689
00:22:29.567 --> 00:22:32.400
The story is that I gave up equity.

690
00:22:32.400 --> 00:22:34.801
What have I given up?

691
00:22:34.801 --> 00:22:37.067
I sold the Shuttle for a lot of money.

692
00:22:37.067 --> 00:22:39.267
You sold it for more money tan you

693
00:22:39.267 --> 00:22:41.200
paid for or what?

694
00:22:41.200 --> 00:22:43.133
No, I'll tell you what.

695
00:22:43.133 --> 00:22:45.067
You still made a lot of money but sold it for

696
00:22:45.067 --> 00:22:46.767
less than you paid for it.

697
00:22:46.767 --> 00:22:48.534
No, I didn't reduce it.

698
00:22:48.534 --> 00:22:50.133
I reduced my debt by hundreds of millions of dollars by the sale

699
00:22:50.133 --> 00:22:51.567
of the Shuttle.

700
00:22:51.567 --> 00:22:53.167
But you sold it for less than you paid for it.

701
00:22:53.167 --> 00:22:54.601
No, I didn't.

702
00:22:54.601 --> 00:22:55.901
You didn't?

703
00:22:55.901 --> 00:22:57.400
I actually sold it probably for more than I paid

704
00:22:57.400 --> 00:22:59.033
for it.

705
00:22:59.033 --> 00:23:00.767
It's a very complex formula.

706
00:23:00.767 --> 00:23:02.534
If you sit down with a pencil and paper, we could maybe figure

707
00:23:02.534 --> 00:23:04.367
it out some day in 5 years because it's a long-term deal.

708
00:23:04.367 --> 00:23:06.267
We don't want to bore everybody with it but I sold the Shuttle.

709
00:23:06.267 --> 00:23:07.767
I ended up with a tremendous amount of debt.

710
00:23:07.767 --> 00:23:09.267
I got rid of a lot of personal guarantees.

711
00:23:09.267 --> 00:23:10.767
The Taj Mahal, I, --

712
00:23:10.767 --> 00:23:12.267
What are guarantees? Unsecured loans from

713
00:23:12.267 --> 00:23:13.767
friends or what?

714
00:23:13.767 --> 00:23:15.567
No, personal guarantees being personal

715
00:23:15.567 --> 00:23:17.133
guarantees to banks where I personally guarantee a piece of

716
00:23:17.133 --> 00:23:18.601
a loan.

717
00:23:18.601 --> 00:23:20.167
Basically, if you take the Atlantic City properties, I have

718
00:23:20.167 --> 00:23:21.834
up to 80% of the Taj Mahal.

719
00:23:21.834 --> 00:23:23.601
The thing's making a fortune.

720
00:23:23.601 --> 00:23:25.434
Stay with me and answer this question.

721
00:23:25.434 --> 00:23:27.033
Is it making a fortune or is it generating a fortune in revenue

722
00:23:27.033 --> 00:23:28.501
but has a fortune plus in expenses?

723
00:23:28.501 --> 00:23:30.100
It has a big fortune in expenses.

724
00:23:30.100 --> 00:23:31.801
It's run first-class.

725
00:23:31.801 --> 00:23:33.567
It's a 4-star hotel.

726
00:23:33.567 --> 00:23:35.100
Okay but that's more than -- How much of this in

727
00:23:35.100 --> 00:23:36.601
the end is net-net cash flow or how much of it is simply that a

728
00:23:36.601 --> 00:23:38.434
lot of money's flowing in but also out the other door is a lot

729
00:23:38.434 --> 00:23:40.300
of money going the other way.

730
00:23:40.300 --> 00:23:42.200
Let me give you an example.

731
00:23:42.200 --> 00:23:44.133
We'll have probably $80 million in interest.

732
00:23:44.133 --> 00:23:46.067
I think the Taj could have a cash flow of maybe $30 to $40

733
00:23:46.067 --> 00:23:48.033
million after debt.

734
00:23:48.033 --> 00:23:50.000
That's some cash flow.

735
00:23:50.000 --> 00:23:51.968
Now that's a great cash flow.

736
00:23:51.968 --> 00:23:53.968
Now what do I do with it?

737
00:23:53.968 --> 00:23:56.200
I do it with the Westside Yards.

738
00:23:56.200 --> 00:23:58.367
I do it with the Riverside South.

739
00:23:58.367 --> 00:24:00.501
I do other things but the Taj Mahal's

740
00:24:00.501 --> 00:24:02.601
turned out very successfully.

741
00:24:02.601 --> 00:24:04.667
Trump Plaza, I own 100% of Trump Plaza.

742
00:24:04.667 --> 00:24:06.734
There's this misnomer that I sold.

743
00:24:06.734 --> 00:24:08.767
I this.

744
00:24:08.767 --> 00:24:10.400
I that.

745
00:24:10.400 --> 00:24:12.000
I sold very little.

746
00:24:12.000 --> 00:24:13.634
When you think of it (crosstalk ).

747
00:24:13.634 --> 00:24:15.234
But why then would your friend

748
00:24:15.234 --> 00:24:16.868
Greenberg from Bear

749
00:24:16.868 --> 00:24:19.367
Sterns say you used to own 100% worth of assets

750
00:24:19.367 --> 00:24:21.767
that were worth nothing.

751
00:24:21.767 --> 00:24:24.033
(Inaudible ) owns 50% of things that are making a lot of money.

752
00:24:24.033 --> 00:24:26.267
What happened in Atlantic City --

753
00:24:26.267 --> 00:24:28.434
Is there a difference?

754
00:24:28.434 --> 00:24:30.534
There is a difference. I won 50% of the Castle.

755
00:24:30.534 --> 00:24:32.634
Why do I say I won 50%?

756
00:24:32.634 --> 00:24:34.701
I'm also paying much less interest because I

757
00:24:34.701 --> 00:24:36.767
sold 50% to bondholders.

758
00:24:36.767 --> 00:24:39.033
In return for that, I got a reduction in debt or a reduction

759
00:24:39.033 --> 00:24:41.267
in this and a reduction in interest so it's making a lot

760
00:24:41.267 --> 00:24:43.400
more money.

761
00:24:43.400 --> 00:24:45.067
In Trump Plaza's case in Atlantic City, I own 100% of it.

762
00:24:45.067 --> 00:24:46.734
That is turning out to be fantastic.

763
00:24:46.734 --> 00:24:48.400
I can take your word on all of this, right?

764
00:24:48.400 --> 00:24:50.067
Charlie, I have to tell you because

765
00:24:50.067 --> 00:24:51.501
of the fact and

766
00:24:51.501 --> 00:24:52.934
a big difference is, and that's why you see in all the casino

767
00:24:52.934 --> 00:24:54.400
things, because of the fact --

768
00:24:54.400 --> 00:24:55.834
Yeah but they want to see you as a winner

769
00:24:55.834 --> 00:24:57.267
because if you're a winner, it means

770
00:24:57.267 --> 00:24:59.167
that they're a winner.

771
00:24:59.167 --> 00:25:00.868
They don't want to see me as a winner actually

772
00:25:00.868 --> 00:25:02.367
because I have to tell you when things started going good, I was

773
00:25:02.367 --> 00:25:04.000
on the cover but instead of my hands being up, I

774
00:25:04.000 --> 00:25:05.467
had my chin down.

775
00:25:05.467 --> 00:25:07.100
Nobody wants to see me do good.

776
00:25:07.100 --> 00:25:08.534
Let me just stay with that image for a second.

777
00:25:08.534 --> 00:25:10.133
Was it embarrassing for you?

778
00:25:10.133 --> 00:25:11.567
They say about you, "They took his toys away.

779
00:25:11.567 --> 00:25:13.167
They took his yacht away.

780
00:25:13.167 --> 00:25:14.601
They took his -- "

781
00:25:14.601 --> 00:25:16.167
Nobody took it away. I sold it.

782
00:25:16.167 --> 00:25:17.601
Yeah but I mean did the banks put you on

783
00:25:17.601 --> 00:25:19.033
allowance or not?

784
00:25:19.033 --> 00:25:20.434
No.

785
00:25:20.434 --> 00:25:21.868
Help us understand how bad it

786
00:25:21.868 --> 00:25:23.300
got for you, whether

787
00:25:23.300 --> 00:25:25.200
you were embarrassed and whether you said, "Wow?"

788
00:25:25.200 --> 00:25:27.133
When you say, "Embarrassed," I didn't love

789
00:25:27.133 --> 00:25:29.067
waking up in the morning and walking out (crosstalk ).

790
00:25:29.067 --> 00:25:30.767
Help me understand us that.

791
00:25:30.767 --> 00:25:32.567
You were a guy who was a big winner.

792
00:25:32.567 --> 00:25:34.133
All of a sudden the paper spun a story that's

793
00:25:34.133 --> 00:25:35.834
saying, "Trump in trouble.

794
00:25:35.834 --> 00:25:37.367
Trump, Golden Boy, no longer has Midas touch."

795
00:25:37.367 --> 00:25:39.000
No. You know what?

796
00:25:39.000 --> 00:25:40.734
I'll tell you what the hardest part is and the hardest thing

797
00:25:40.734 --> 00:25:42.267
about life to understand.

798
00:25:42.267 --> 00:25:43.934
In baseball fi you get 15 runs in the first inning and you

799
00:25:43.934 --> 00:25:45.667
don't get any more runs, you still have 15 runs at the end of

800
00:25:45.667 --> 00:25:47.234
the game.

801
00:25:47.234 --> 00:25:48.901
It depends on what the other guys (inaudible ).

802
00:25:48.901 --> 00:25:50.400
I know but generally speaking, you're going

803
00:25:50.400 --> 00:25:51.767
to win that game.

804
00:25:51.767 --> 00:25:53.300
It's the (inaudible ) thing to say but you're going

805
00:25:53.300 --> 00:25:54.934
to win that game.

806
00:25:54.934 --> 00:25:56.434
It's pretty well over.

807
00:25:56.434 --> 00:25:57.801
At the Atlanta Braves.

808
00:25:57.801 --> 00:25:59.334
We've seen some examples but anyway in life, I

809
00:25:59.334 --> 00:26:00.734
was 15 and 0.

810
00:26:00.734 --> 00:26:02.267
Then I had 1 very bad year.

811
00:26:02.267 --> 00:26:03.667
I had a bad year maybe it was my fault because hey, it was a lot

812
00:26:03.667 --> 00:26:05.234
of people's fault.

813
00:26:05.234 --> 00:26:06.634
It was also the government's fault.

814
00:26:06.634 --> 00:26:08.300
It was a lot of people's fault.

815
00:26:08.300 --> 00:26:10.033
But you have to take some responsibility though.

816
00:26:10.033 --> 00:26:11.601
Absolutely.

817
00:26:11.601 --> 00:26:13.234
I have because I'd be a fool if I didn't but I have to tell you

818
00:26:13.234 --> 00:26:14.734
a lot of smart people are in real deep trouble right now.

819
00:26:14.734 --> 00:26:16.133
I'm not.

820
00:26:16.133 --> 00:26:17.400
A lot of people, really smart people, are dead.

821
00:26:17.400 --> 00:26:18.601
They dead.

822
00:26:18.601 --> 00:26:19.767
They're done.

823
00:26:19.767 --> 00:26:21.133
They're buried.

824
00:26:21.133 --> 00:26:22.667
They're over.

825
00:26:22.667 --> 00:26:23.868
THey're history.

826
00:26:23.868 --> 00:26:25.067
One more time, why are they dead, buried, gone,

827
00:26:25.067 --> 00:26:26.267
history and you are alive, well and as they say (inaudible )?

828
00:26:26.267 --> 00:26:27.467
Before I explain that I just want

829
00:26:27.467 --> 00:26:28.667
to say that you

830
00:26:28.667 --> 00:26:30.300
have 15 good years.

831
00:26:30.300 --> 00:26:32.300
You have 1 bad year.

832
00:26:32.300 --> 00:26:34.033
People judge you by your last thing.

833
00:26:34.033 --> 00:26:35.834
You're only as good as your last thing.

834
00:26:35.834 --> 00:26:37.667
You're only as good as your last article or what you've lately.

835
00:26:37.667 --> 00:26:39.567
That's it.

836
00:26:39.567 --> 00:26:41.234
You take a guy like Harry (inaudible ).

837
00:26:41.234 --> 00:26:42.734
The man had 50 great years.

838
00:26:42.734 --> 00:26:44.100
Then, unfortunately, he married Leona.

839
00:26:44.100 --> 00:26:45.400
This was a major mistake.

840
00:26:45.400 --> 00:26:46.601
Here we go.

841
00:26:46.601 --> 00:26:48.000
He marries Leona.

842
00:26:48.000 --> 00:26:49.567
Poor Harry.

843
00:26:49.567 --> 00:26:51.000
I feel so sorry for you.

844
00:26:51.000 --> 00:26:52.567
Harry, just literally leave her alone.

845
00:26:52.567 --> 00:26:53.968
Find a new woman if you can but I'll tell you what?

846
00:26:53.968 --> 00:26:55.300
He marries Leona.

847
00:26:55.300 --> 00:26:56.801
Now all of a sudden he has a couple of bad years to put it

848
00:26:56.801 --> 00:26:58.167
mildly (inaudible ).

849
00:26:58.167 --> 00:26:59.434
We're talking about major.

850
00:26:59.434 --> 00:27:00.868
They don't say the score's 50 to 2.

851
00:27:00.868 --> 00:27:02.467
(Inaudible ).

852
00:27:02.467 --> 00:27:04.167
Go ahead.

853
00:27:04.167 --> 00:27:05.667
They don't say the score's 50 to 2.

854
00:27:05.667 --> 00:27:07.067
As far as they're concerned, Harry is this major failure.

855
00:27:07.067 --> 00:27:08.601
That's a shame because that's not the way life should work.

856
00:27:08.601 --> 00:27:10.000
It should be 50 to 2.

857
00:27:10.000 --> 00:27:11.300
That's a pretty good record.

858
00:27:11.300 --> 00:27:12.534
I had 15 great, then I had the 1 bad year and 1

859
00:27:12.534 --> 00:27:13.734
1/2 real bad years.

860
00:27:13.734 --> 00:27:14.834
I had to fight.

861
00:27:14.834 --> 00:27:15.934
It was a struggle.

862
00:27:15.934 --> 00:27:17.267
It was a survival.

863
00:27:17.267 --> 00:27:18.501
It was surviving at the top.

864
00:27:18.501 --> 00:27:19.934
I wrote the book.

865
00:27:19.934 --> 00:27:21.267
It was "Surviving at the Top." It wasn't easy.

866
00:27:21.267 --> 00:27:22.767
It wasn't pleasant.

867
00:27:22.767 --> 00:27:24.367
Did you ever think you'd lose?

868
00:27:24.367 --> 00:27:26.100
No.

869
00:27:26.100 --> 00:27:27.634
Did you ever lose confidence?

870
00:27:27.634 --> 00:27:29.033
Did you ever say --

871
00:27:29.033 --> 00:27:30.601
No.

872
00:27:30.601 --> 00:27:32.033
-- "I may not get out of this""

873
00:27:32.033 --> 00:27:33.501
No.

874
00:27:33.501 --> 00:27:34.934
Not once?

875
00:27:34.934 --> 00:27:36.367
Not once. The reason I didn't say it is because

876
00:27:36.367 --> 00:27:37.834
I had to go back and do it myself.

877
00:27:37.834 --> 00:27:40.267
You see, I built what I built myself.

878
00:27:40.267 --> 00:27:42.567
I did it by working long hour, working hard and working smart.

879
00:27:42.567 --> 00:27:44.567
More importantly than anything else is by using my own brain.

880
00:27:44.567 --> 00:27:46.300
There was a point where I was making so much so fast and it

881
00:27:46.300 --> 00:27:47.868
was so easy that I almost got bored.

882
00:27:47.868 --> 00:27:49.267
It's true.

883
00:27:49.267 --> 00:27:50.901
I write about this.

884
00:27:50.901 --> 00:27:52.801
I'm writing about this.

885
00:27:52.801 --> 00:27:54.501
It's really been an experience.

886
00:27:54.501 --> 00:27:56.567
I should believe you here saying, "In a way this

887
00:27:56.567 --> 00:27:58.434
was good because it gave me a chance to test myself.

888
00:27:58.434 --> 00:28:00.334
The adversity was good.

889
00:28:00.334 --> 00:28:01.868
It put me back and made me leaner and hungry again because

890
00:28:01.868 --> 00:28:03.367
everything was at stake.

891
00:28:03.367 --> 00:28:04.901
Therefore, I had to pay attention."

892
00:28:04.901 --> 00:28:06.434
I think I'll look at it in the

893
00:28:06.434 --> 00:28:07.968
future as being good.

894
00:28:07.968 --> 00:28:09.701
When it was happening, I had no choice.

895
00:28:09.701 --> 00:28:11.267
I just had to do it.

896
00:28:11.267 --> 00:28:12.934
I did it myself.

897
00:28:12.934 --> 00:28:14.467
Then all of a sudden -- I'll give you an

898
00:28:14.467 --> 00:28:16.234
example, Riverside South.

899
00:28:16.234 --> 00:28:17.868
I've had Riverside South for 5 years.

900
00:28:17.868 --> 00:28:19.601
I've had the plan for 5 years.

901
00:28:19.601 --> 00:28:21.434
I went through a succession of executives that were in charge

902
00:28:21.434 --> 00:28:23.334
of Riverside South.

903
00:28:23.334 --> 00:28:25.000
A year and a half ago, I took it over myself.

904
00:28:25.000 --> 00:28:26.767
As you say, I got a 12 to nothing vote.

905
00:28:26.767 --> 00:28:28.434
You were told that I sort of did it myself.

906
00:28:28.434 --> 00:28:30.100
I did do it myself.

907
00:28:30.100 --> 00:28:31.767
No, I read that you (inaudible ).

908
00:28:31.767 --> 00:28:33.434
You can't believe everything you

909
00:28:33.434 --> 00:28:35.100
read but I did do

910
00:28:35.100 --> 00:28:37.200
it largely by myself with a group of people but I really

911
00:28:37.200 --> 00:28:39.133
spearheaded something that's turned out to be I think's going

912
00:28:39.133 --> 00:28:40.934
to be a great thing.

913
00:28:40.934 --> 00:28:42.801
I really went back to work.

914
00:28:42.801 --> 00:28:44.267
I really did things myself.

915
00:28:44.267 --> 00:28:45.701
I think that's why I survived.

916
00:28:45.701 --> 00:28:47.167
I think maybe, who knows, (crosstalk ).

917
00:28:47.167 --> 00:28:48.601
Let me point out a couple of

918
00:28:48.601 --> 00:28:51.968
other things at this time.

919
00:28:51.968 --> 00:28:53.901
You lost during this period 3 key executives (crosstalk ) --

920
00:28:53.901 --> 00:28:55.901
Yeah, and friends.

921
00:28:55.901 --> 00:28:57.667
-- and friends who were running.

922
00:28:57.667 --> 00:28:59.300
Then you went through some executives after that and

923
00:28:59.300 --> 00:29:01.033
finally put your lawyer in charge down there, right?

924
00:29:01.033 --> 00:29:02.801
Yeah.

925
00:29:02.801 --> 00:29:04.567
He's done a great job.

926
00:29:04.567 --> 00:29:06.334
You had a divorce that was you were

927
00:29:06.334 --> 00:29:08.100
the -- Fair to

928
00:29:08.100 --> 00:29:10.200
say people were laughing at you about this divorce.

929
00:29:10.200 --> 00:29:12.367
When we were amused in the tabloids, I was living in New

930
00:29:12.367 --> 00:29:14.267
York at the time but we were amused but at the same time some

931
00:29:14.267 --> 00:29:16.167
people said, "Enough of this.

932
00:29:16.167 --> 00:29:18.133
I'm tired of (crosstalk )."

933
00:29:18.133 --> 00:29:20.100
I would have (crosstalk ).

934
00:29:20.100 --> 00:29:21.801
Yeah but you were feeding the columns too.

935
00:29:21.801 --> 00:29:23.801
I wasn't feeding them.

936
00:29:23.801 --> 00:29:25.434
You had no conversation

937
00:29:25.434 --> 00:29:27.334
with all these people?

938
00:29:27.334 --> 00:29:29.234
No, it wasn't a feud.

939
00:29:29.234 --> 00:29:31.167
It was a frenzy.

940
00:29:31.167 --> 00:29:32.868
I have to tell you.

941
00:29:32.868 --> 00:29:34.634
I wasn't feeding anybody.

942
00:29:34.634 --> 00:29:36.200
They were feeding themselves.

943
00:29:36.200 --> 00:29:37.634
They were making up stories.

944
00:29:37.634 --> 00:29:38.968
I call up one of the top people in one of the New York tabloids.

945
00:29:38.968 --> 00:29:40.467
I say, "Hey, look.

946
00:29:40.467 --> 00:29:42.100
This is ridiculous.

947
00:29:42.100 --> 00:29:43.534
This story didn't happen.

948
00:29:43.534 --> 00:29:44.901
Don't put it in." He said, "I know it didn't happen but,

949
00:29:44.901 --> 00:29:46.400
Donald, we're selling papers like crazy." They knew it before

950
00:29:46.400 --> 00:29:47.801
the story was written.

951
00:29:47.801 --> 00:29:49.334
They put it in anyway.

952
00:29:49.334 --> 00:29:51.000
I think for 28 days in a row -- We talk about Woody Allen was a

953
00:29:51.000 --> 00:29:52.467
big story.

954
00:29:52.467 --> 00:29:53.868
This thing just swamped everything.

955
00:29:53.868 --> 00:29:55.367
This was the biggest of the big.

956
00:29:55.367 --> 00:29:57.234
It was crazy.

957
00:29:57.234 --> 00:29:59.367
It was out of control.

958
00:29:59.367 --> 00:30:01.234
I guess it had all the elements of a soap opera.

959
00:30:01.234 --> 00:30:03.133
But did it bring any satisfaction to you that

960
00:30:03.133 --> 00:30:05.067
during this adversity, you were able to get out of the marriage

961
00:30:05.067 --> 00:30:06.767
at the time?

962
00:30:06.767 --> 00:30:08.267
Perhaps you gave up a lot less money than you might have

963
00:30:08.267 --> 00:30:10.067
imagined you would do at another time?

964
00:30:10.067 --> 00:30:11.901
Now come on.

965
00:30:11.901 --> 00:30:13.934
Tell me the truth.

966
00:30:13.934 --> 00:30:16.234
There were those people that say that I did this

967
00:30:16.234 --> 00:30:18.567
purposely in order to get (crosstalk ).

968
00:30:18.567 --> 00:30:20.567
No but there are those who said that you used

969
00:30:20.567 --> 00:30:22.367
that adversity at the time to say, "It may not ever get any

970
00:30:22.367 --> 00:30:24.167
better." People were saying, "You better make

971
00:30:24.167 --> 00:30:25.968
your deal now." True?

972
00:30:25.968 --> 00:30:27.767
I was really happy to pay Ivanka

973
00:30:27.767 --> 00:30:29.601
what I paid her.

974
00:30:29.601 --> 00:30:32.234
This is what I was supposed to pay her.

975
00:30:32.234 --> 00:30:34.467
This is what I did pay her because if anything happened a

976
00:30:34.467 --> 00:30:36.467
year ago where I went down the tubes where I really would have

977
00:30:36.467 --> 00:30:38.667
ended up with nothing, she and the children would always have

978
00:30:38.667 --> 00:30:40.567
been taken care of.

979
00:30:40.567 --> 00:30:42.234
That was very important to me.

980
00:30:42.234 --> 00:30:43.734
At the time, don't forget I was being sued for $2

981
00:30:43.734 --> 00:30:45.334
billion at one point.

982
00:30:45.334 --> 00:30:47.567
By her?

983
00:30:47.567 --> 00:30:49.467
By her.

984
00:30:49.467 --> 00:30:51.200
That was going to be a nasty, contentious suit.

985
00:30:51.200 --> 00:30:53.000
Frankly, had I not had a glitch, I would probably not be on this

986
00:30:53.000 --> 00:30:54.901
program right now.

987
00:30:54.901 --> 00:30:56.834
I'd be a divorce court.

988
00:30:56.834 --> 00:30:58.767
If you hadn't what Oh, if you hadn't been down

989
00:30:58.767 --> 00:31:00.734
(crosstalk ), if you hadn't bottomed out and put some

990
00:31:00.734 --> 00:31:02.434
pressure on her and (crosstalk ).

991
00:31:02.434 --> 00:31:04.234
No, it wasn't a question of pressure.

992
00:31:04.234 --> 00:31:05.834
There was a point where she probably thought I wasn't going

993
00:31:05.834 --> 00:31:07.267
to make it.

994
00:31:07.267 --> 00:31:08.834
There was a point where a lot of people thought that I wasn't

995
00:31:08.834 --> 00:31:10.300
going to make it except me.

996
00:31:10.300 --> 00:31:11.868
I (crosstalk ).

997
00:31:11.868 --> 00:31:13.567
Were you telling her differently, that maybe

998
00:31:13.567 --> 00:31:15.300
(crosstalk )?

999
00:31:15.300 --> 00:31:17.133
I wasn't telling her anything.

1000
00:31:17.133 --> 00:31:18.767
All she had to do was read the "New York Times" and the "Wall

1001
00:31:18.767 --> 00:31:20.467
Street Journal." They were making these dire predictions

1002
00:31:20.467 --> 00:31:22.234
about me and others but I guess I got more print

1003
00:31:22.234 --> 00:31:24.067
than anybody else.

1004
00:31:24.067 --> 00:31:25.968
That's the negative.

1005
00:31:25.968 --> 00:31:28.334
The good is when you're doing well and they do that.

1006
00:31:28.334 --> 00:31:30.601
The bad is when you're doing bad, they do it the other way.

1007
00:31:30.601 --> 00:31:32.868
They did it the other way times 10.

1008
00:31:32.868 --> 00:31:34.801
What happened is I had not been involved in a glitch, I don't

1009
00:31:34.801 --> 00:31:36.834
believe that we would be here right now.

1010
00:31:36.834 --> 00:31:39.100
I would be studying for tomorrow's

1011
00:31:39.100 --> 00:31:41.734
examination before a trial.

1012
00:31:41.734 --> 00:31:44.501
You'd duke it out in a lawsuit.

1013
00:31:44.501 --> 00:31:47.167
I think Ivana probably would have gone further

1014
00:31:47.167 --> 00:31:50.033
than she did but it got so bad and the stories began getting so

1015
00:31:50.033 --> 00:31:52.834
bad that she said, "Boy, I better take what I'm entitled to

1016
00:31:52.834 --> 00:31:55.400
according to the contract that we had signed." She ended up

1017
00:31:55.400 --> 00:31:57.834
taking the $10 million plus the this plus the that.

1018
00:31:57.834 --> 00:32:00.167
It's probably a package of $20 or $25 million.

1019
00:32:00.167 --> 00:32:02.400
I think she was smart in doing it in the end.

1020
00:32:02.400 --> 00:32:04.601
I think her lawyers were horrendous.

1021
00:32:04.601 --> 00:32:06.234
I think she was horribly represented.

1022
00:32:06.234 --> 00:32:07.868
She could have gotten a lot more money earlier if she had decent

1023
00:32:07.868 --> 00:32:09.467
lawyers but she had layers who --

1024
00:32:09.467 --> 00:32:11.100
Meaning what? She could have gotten a lot more

1025
00:32:11.100 --> 00:32:12.734
money early?

1026
00:32:12.734 --> 00:32:14.601
At an earlier stage.

1027
00:32:14.601 --> 00:32:16.501
You would have been more amenable to giving her

1028
00:32:16.501 --> 00:32:18.767
money in a settlement?

1029
00:32:18.767 --> 00:32:21.033
I offered more money than she ended up getting

1030
00:32:21.033 --> 00:32:23.067
but Ivana who is somebody that I'll always love is -- She

1031
00:32:23.067 --> 00:32:24.868
decided in her great wisdom to hire these characters that were

1032
00:32:24.868 --> 00:32:26.434
just looking for fame and fortune for

1033
00:32:26.434 --> 00:32:28.133
themselves in my opinion.

1034
00:32:28.133 --> 00:32:30.200
They did a bad job for her.

1035
00:32:30.200 --> 00:32:32.434
They really did.

1036
00:32:32.434 --> 00:32:34.601
My folks did a great job for me.

1037
00:32:34.601 --> 00:32:37.200
I had a wonderful lawyer who did a great job for me.

1038
00:32:37.200 --> 00:32:39.567
In the end though I'm saddened by it because I would have

1039
00:32:39.567 --> 00:32:41.200
preferred the initial deal with Ivana.

1040
00:32:41.200 --> 00:32:42.801
She was very, very poorly represented in

1041
00:32:42.801 --> 00:32:44.434
this divorce action.

1042
00:32:44.434 --> 00:32:46.033
You must have some sensitivity

1043
00:32:46.033 --> 00:32:47.667
though for a woman

1044
00:32:47.667 --> 00:32:49.400
and what she might be going through.

1045
00:32:49.400 --> 00:32:52.300
You seem all-powerful there.

1046
00:32:52.300 --> 00:32:54.067
She doesn't know.

1047
00:32:54.067 --> 00:32:55.834
She hast to lean on the advice that she gets.

1048
00:32:55.834 --> 00:32:57.601
People are saying, "This guy's got tons of money."

1049
00:32:57.601 --> 00:32:59.400
She was leaning on the "Wall Street Journal."

1050
00:32:59.400 --> 00:33:01.167
When the bad stories started coming out, she was

1051
00:33:01.167 --> 00:33:02.934
believing those stories.

1052
00:33:02.934 --> 00:33:05.000
She should have believed those stories.

1053
00:33:05.000 --> 00:33:06.801
I'm not even saying the stories were wrong.

1054
00:33:06.801 --> 00:33:08.400
I've done things but I'm not saying those stories at the time

1055
00:33:08.400 --> 00:33:10.100
were wrong.

1056
00:33:10.100 --> 00:33:11.601
The economy was atrocious.

1057
00:33:11.601 --> 00:33:13.701
The business was bad.

1058
00:33:13.701 --> 00:33:15.767
The real estate business was horrendous.

1059
00:33:15.767 --> 00:33:17.901
The casino business was bad.

1060
00:33:17.901 --> 00:33:19.734
We're opening up the Taj Mahal in the middle of a war.

1061
00:33:19.734 --> 00:33:21.634
I'm opening the largest building in the world (crosstalk ).

1062
00:33:21.634 --> 00:33:23.534
People were not flooding Atlantic City then.

1063
00:33:23.534 --> 00:33:25.234
No.

1064
00:33:25.234 --> 00:33:26.734
Everyone's sitting home watching the war.

1065
00:33:26.734 --> 00:33:28.133
Also, she's reading about you

1066
00:33:28.133 --> 00:33:29.400
and another woman.

1067
00:33:29.400 --> 00:33:30.868
That can't be pleasing.

1068
00:33:30.868 --> 00:33:32.467
She's reading.

1069
00:33:32.467 --> 00:33:33.934
I never left for another woman.

1070
00:33:33.934 --> 00:33:35.501
This is one of the great misconceptions.

1071
00:33:35.501 --> 00:33:37.200
I left because I got tired of the balls, the ballroom gowns

1072
00:33:37.200 --> 00:33:38.968
and all of the nonsense.

1073
00:33:38.968 --> 00:33:40.801
What does that mean?

1074
00:33:40.801 --> 00:33:42.434
I'm just one that doesn't necessarily believe --

1075
00:33:42.434 --> 00:33:44.133
They call them the "charity events' but the people that have

1076
00:33:44.133 --> 00:33:45.934
these charity events are probably the least charitable

1077
00:33:45.934 --> 00:33:47.534
people I've met.

1078
00:33:47.534 --> 00:33:48.968
They have them for their own vilification.

1079
00:33:48.968 --> 00:33:50.300
They have them for their own -- Whatever it is, they have them

1080
00:33:50.300 --> 00:33:51.534
for their own.

1081
00:33:51.534 --> 00:33:52.767
They want the press.

1082
00:33:52.767 --> 00:33:54.000
They want the nonsense.

1083
00:33:54.000 --> 00:33:55.234
Why do we care if it generates a

1084
00:33:55.234 --> 00:33:57.968
lot of money for charity?

1085
00:33:57.968 --> 00:33:59.334
I'm not sure that it does.

1086
00:33:59.334 --> 00:34:00.868
I'm really not sure that it does.

1087
00:34:00.868 --> 00:34:02.701
I look at some of them.

1088
00:34:02.701 --> 00:34:04.734
I look at the expense.

1089
00:34:04.734 --> 00:34:06.501
I look at the magnificent table settings at the Plaza Hotel

1090
00:34:06.501 --> 00:34:08.367
which I'm very happy about but at the Plaza Hotel and all the

1091
00:34:08.367 --> 00:34:10.467
other places, in the end I don't think we make a hell of a lot

1092
00:34:10.467 --> 00:34:12.534
for charity.

1093
00:34:12.534 --> 00:34:14.434
Then I look at United Way where the man's paid virtually

1094
00:34:14.434 --> 00:34:16.334
millions of dollars to run United Way.

1095
00:34:16.334 --> 00:34:18.467
I look at what happens in charities.

1096
00:34:18.467 --> 00:34:20.334
I studied charities.

1097
00:34:20.334 --> 00:34:22.200
There are very few well-run charities.

1098
00:34:22.200 --> 00:34:23.868
You got tired of the gowns, the balls and all

1099
00:34:23.868 --> 00:34:25.367
that stuff.

1100
00:34:25.367 --> 00:34:27.000
I got tired of the scene.

1101
00:34:27.000 --> 00:34:28.701
I knew the scene.

1102
00:34:28.701 --> 00:34:30.267
I knew the people.

1103
00:34:30.267 --> 00:34:31.901
Some of the people I like in all fairness.

1104
00:34:31.901 --> 00:34:33.667
Some of the people I don't like.

1105
00:34:33.667 --> 00:34:35.467
They're a viscous breed.

1106
00:34:35.467 --> 00:34:37.300
You know someone listening to that, that hears

1107
00:34:37.300 --> 00:34:39.200
you say that, is, "That's not not what happened.

1108
00:34:39.200 --> 00:34:41.200
This was a guy who was on top of the world.

1109
00:34:41.200 --> 00:34:42.801
He wanted to have his cake and eat it too.

1110
00:34:42.801 --> 00:34:44.400
He wanted to be out."

1111
00:34:44.400 --> 00:34:46.000
No, I wanted out.

1112
00:34:46.000 --> 00:34:47.567
"He wanted out because you wanted to date a lot

1113
00:34:47.567 --> 00:34:49.167
of young, attractive women who viewed him as a giant catch and

1114
00:34:49.167 --> 00:34:50.834
an interesting man to be with it."

1115
00:34:50.834 --> 00:34:52.300
You know what?

1116
00:34:52.300 --> 00:34:53.701
I'm out now.

1117
00:34:53.701 --> 00:34:54.968
It's great.

1118
00:34:54.968 --> 00:34:56.434
I have to tell you.

1119
00:34:56.434 --> 00:34:58.000
I really like.

1120
00:34:58.000 --> 00:34:59.701
I think it's great.

1121
00:34:59.701 --> 00:35:01.234
I've never had a better time (crosstalk ).

1122
00:35:01.234 --> 00:35:02.868
Tell me what's great about it.

1123
00:35:02.868 --> 00:35:04.367
I just like it, for it is.

1124
00:35:04.367 --> 00:35:05.734
Maybe I shouldn't.

1125
00:35:05.734 --> 00:35:07.234
The freedom, the independence.

1126
00:35:07.234 --> 00:35:08.634
It's the freedom.

1127
00:35:08.634 --> 00:35:09.934
I can do what I want.

1128
00:35:09.934 --> 00:35:11.400
I can be with who I want to be with.

1129
00:35:11.400 --> 00:35:12.767
I really like it.

1130
00:35:12.767 --> 00:35:14.267
I would tell you if I didn't.

1131
00:35:14.267 --> 00:35:15.901
By the way, I think at a certain point I won't like it.

1132
00:35:15.901 --> 00:35:17.367
I'll get tired of it.

1133
00:35:17.367 --> 00:35:19.000
At a certain point you'll say, "I want to settle

1134
00:35:19.000 --> 00:35:20.434
down with 1 person."

1135
00:35:20.434 --> 00:35:22.033
At a certain point, I think I'll say that.

1136
00:35:22.033 --> 00:35:23.734
I think I'll say that very strongly but at this point, I do

1137
00:35:23.734 --> 00:35:25.367
like it.

1138
00:35:25.367 --> 00:35:26.801
I had a fabulous wife in many respects.

1139
00:35:26.801 --> 00:35:28.567
Great kids.

1140
00:35:28.567 --> 00:35:30.367
Fantastic children.

1141
00:35:30.367 --> 00:35:32.234
Great children.

1142
00:35:32.234 --> 00:35:34.133
I love them.

1143
00:35:34.133 --> 00:35:36.033
Therefore, that was so worthwhile.

1144
00:35:36.033 --> 00:35:37.968
I had another friend later who was also fantastic for a fairly

1145
00:35:37.968 --> 00:35:39.934
long period of time.

1146
00:35:39.934 --> 00:35:41.701
I just didn't want to settle down.

1147
00:35:41.701 --> 00:35:43.601
I didn't want to get married.

1148
00:35:43.601 --> 00:35:45.501
I didn't want to marry Marla.

1149
00:35:45.501 --> 00:35:47.501
I didn't want to settle down.

1150
00:35:47.501 --> 00:35:49.267
I'm just not ready for it.

1151
00:35:49.267 --> 00:35:51.067
It's just not me, at least not right now.

1152
00:35:51.067 --> 00:35:53.167
Is that what killed that

1153
00:35:53.167 --> 00:35:55.000
relationship you think?

1154
00:35:55.000 --> 00:35:56.634
A lot of things perhaps killed it but I would

1155
00:35:56.634 --> 00:35:58.534
say that probably that's the predominant thing.

1156
00:35:58.534 --> 00:36:00.467
I was very ancy.

1157
00:36:00.467 --> 00:36:02.167
I didn't want to settle.

1158
00:36:02.167 --> 00:36:03.701
Of course, don't forget I'm busy.

1159
00:36:03.701 --> 00:36:05.834
I'm doing a lot of different things.

1160
00:36:05.834 --> 00:36:07.934
I love doing them.

1161
00:36:07.934 --> 00:36:10.567
I'm so happy now.

1162
00:36:10.567 --> 00:36:13.067
I enjoy getting up and going out to the wars.

1163
00:36:13.067 --> 00:36:15.434
The wars are now becoming battles.

1164
00:36:15.434 --> 00:36:18.467
It's just worked out well but you can't devote lots of time to

1165
00:36:18.467 --> 00:36:21.434
a relationship when you're going through this.

1166
00:36:21.434 --> 00:36:24.501
There is also said in this piece by (inaudible )

1167
00:36:24.501 --> 00:36:27.033
that you love the limelight and that you seek in the public and

1168
00:36:27.033 --> 00:36:29.501
the public's adulation something, that the mirror of

1169
00:36:29.501 --> 00:36:34.234
that is somehow important, confirming. True?

1170
00:36:34.234 --> 00:36:36.400
I don't think so.

1171
00:36:36.400 --> 00:36:38.534
I think that I loved it at one point.

1172
00:36:38.534 --> 00:36:40.634
I think I've gotten used to it.

1173
00:36:40.634 --> 00:36:42.467
I think I do well in it.

1174
00:36:42.467 --> 00:36:44.334
Did you (crosstalk )?

1175
00:36:44.334 --> 00:36:46.434
See, I look at it differently.

1176
00:36:46.434 --> 00:36:48.868
It's great for my business.

1177
00:36:48.868 --> 00:36:51.033
The fact is that, as you know, my casinos are up more than any

1178
00:36:51.033 --> 00:36:53.334
casinos in the United States.

1179
00:36:53.334 --> 00:36:55.701
We're at Number 1, 2 and 3 in increases in Atlantic City,

1180
00:36:55.701 --> 00:36:57.968
Number 1, 2 and 3 every month.

1181
00:36:57.968 --> 00:37:00.167
But are they, and I want to hammer at this

1182
00:37:00.167 --> 00:37:02.300
question, at the same time the most profitable?

1183
00:37:02.300 --> 00:37:04.934
It's one thing to be up in revenue.

1184
00:37:04.934 --> 00:37:07.434
You're saying they're up in revenue.

1185
00:37:07.434 --> 00:37:09.567
You're not necessary saying that they are the most profitable.

1186
00:37:09.567 --> 00:37:11.667
The Taj Mahal has the largest gross operating

1187
00:37:11.667 --> 00:37:13.467
profit of any casino in Atlantic City by far, by far.

1188
00:37:13.467 --> 00:37:15.334
It's not even close.

1189
00:37:15.334 --> 00:37:17.234
When you're backing expenses, it has the

1190
00:37:17.234 --> 00:37:19.133
gross operating (crosstalk ).

1191
00:37:19.133 --> 00:37:21.100
It also has the biggest gross.

1192
00:37:21.100 --> 00:37:23.033
It's got the biggest gross but it's got the largest gross

1193
00:37:23.033 --> 00:37:25.000
operating profit in Atlantic City but what's happening is a

1194
00:37:25.000 --> 00:37:27.000
lot of people -- Now I will say this.

1195
00:37:27.000 --> 00:37:28.734
When people thought I was going down, they started deserting me.

1196
00:37:28.734 --> 00:37:30.267
You know this is not the way it should be.

1197
00:37:30.267 --> 00:37:31.934
Tell me who deserted you.

1198
00:37:31.934 --> 00:37:34.067
No, no, no.

1199
00:37:34.067 --> 00:37:36.501
I'm talking about customers.

1200
00:37:36.501 --> 00:37:39.000
I'm not talking about local friends, this, that.

1201
00:37:39.000 --> 00:37:41.167
When the customers, the Taj Mahal customer, when the

1202
00:37:41.167 --> 00:37:43.133
customers, the casino customers, even the condominium buyer

1203
00:37:43.133 --> 00:37:45.267
customers, when they thought I was going down for the count,

1204
00:37:45.267 --> 00:37:47.667
they really did desert me.

1205
00:37:47.667 --> 00:37:50.100
I have to say.

1206
00:37:50.100 --> 00:37:52.467
Now that they see I'm doing well again, now that they see I'm

1207
00:37:52.467 --> 00:37:54.734
back, now that they see all these crazy magazine covers, I

1208
00:37:54.734 --> 00:37:56.701
will tell you one of the reasons that my casinos are up so much

1209
00:37:56.701 --> 00:37:58.467
more is that they're all back with me.

1210
00:37:58.467 --> 00:38:00.033
Are you saying, therefore, it makes sense for

1211
00:38:00.033 --> 00:38:01.734
you to promote this notion?

1212
00:38:01.734 --> 00:38:03.467
Look at this picture here.

1213
00:38:03.467 --> 00:38:05.300
You like this?

1214
00:38:05.300 --> 00:38:06.901
Isn't he a handsome guy?

1215
00:38:06.901 --> 00:38:08.534
You like this, don't you?

1216
00:38:08.534 --> 00:38:10.133
No, I don't like it.

1217
00:38:10.133 --> 00:38:11.767
But is it good for you to promote

1218
00:38:11.767 --> 00:38:13.367
that because it

1219
00:38:13.367 --> 00:38:14.701
says, "Donald is back," and all of this stuff about scrambles

1220
00:38:14.701 --> 00:38:16.033
off the canvas in a sense is good for business so --

1221
00:38:16.033 --> 00:38:17.367
It is.

1222
00:38:17.367 --> 00:38:18.701
-- therefore you're promoting

1223
00:38:18.701 --> 00:38:20.033
image? (Crosstalk ).

1224
00:38:20.033 --> 00:38:21.734
You want people to believe that you're back.

1225
00:38:21.734 --> 00:38:23.234
As an example, it's late in the

1226
00:38:23.234 --> 00:38:24.868
evening right now.

1227
00:38:24.868 --> 00:38:26.334
It's not that late.

1228
00:38:26.334 --> 00:38:27.968
You're a fantastic guy.

1229
00:38:27.968 --> 00:38:29.667
We did this down in New Orleans but in New

1230
00:38:29.667 --> 00:38:31.200
Orleans it was 2:00PM.

1231
00:38:31.200 --> 00:38:32.834
It was really much more pleasant.

1232
00:38:32.834 --> 00:38:34.567
(crosstalk ) late in the evening.

1233
00:38:34.567 --> 00:38:36.367
Here we are doing an interview.

1234
00:38:36.367 --> 00:38:37.968
Heck of an interview it is.

1235
00:38:37.968 --> 00:38:39.400
I hope we're going to have a good time.

1236
00:38:39.400 --> 00:38:40.734
I hope you get good ratings too.

1237
00:38:40.734 --> 00:38:42.234
I do too.

1238
00:38:42.234 --> 00:38:43.868
Anything for you.

1239
00:38:43.868 --> 00:38:45.334
Exactly.

1240
00:38:45.334 --> 00:38:46.934
-- but I'll tell you what.

1241
00:38:46.934 --> 00:38:48.400
It happens to be -- (Crosstalk ).

1242
00:38:48.400 --> 00:38:50.000
That's right.

1243
00:38:50.000 --> 00:38:51.701
It happens to be great for business.

1244
00:38:51.701 --> 00:38:53.467
The fact that it's coming back.

1245
00:38:53.467 --> 00:38:55.033
Now it would be nice to be the other way.

1246
00:38:55.033 --> 00:38:56.467
If you have problems, it would make it (crosstalk ).

1247
00:38:56.467 --> 00:38:57.801
All right but apart from all

1248
00:38:57.801 --> 00:38:59.033
that, come on. Ego.

1249
00:38:59.033 --> 00:39:00.467
What?

1250
00:39:00.467 --> 00:39:01.801
I have an ego.

1251
00:39:01.801 --> 00:39:03.033
Of course you do.

1252
00:39:03.033 --> 00:39:04.234
I've never met a successful

1253
00:39:04.234 --> 00:39:05.367
person without an ego.

1254
00:39:05.367 --> 00:39:06.467
Nor have I.

1255
00:39:06.467 --> 00:39:07.801
Mother Theresa has an ego.

1256
00:39:07.801 --> 00:39:09.267
Absolutely.

1257
00:39:09.267 --> 00:39:10.634
(Crosstalk ).

1258
00:39:10.634 --> 00:39:11.968
I have never had the pleasure but nevertheless,

1259
00:39:11.968 --> 00:39:13.300
part of it you love the limelight.

1260
00:39:13.300 --> 00:39:14.634
You love beyond the business and what it does

1261
00:39:14.634 --> 00:39:16.000
and the whole sense

1262
00:39:16.000 --> 00:39:17.434
of the Trump image, you like it.

1263
00:39:17.434 --> 00:39:18.767
You like the fact that there's security guys coming ahead of

1264
00:39:18.767 --> 00:39:20.267
you and sweeping behind you.

1265
00:39:20.267 --> 00:39:21.634
There's this adulation.

1266
00:39:21.634 --> 00:39:22.934
Women want to be with you.

1267
00:39:22.934 --> 00:39:24.133
Wherever you go, there are flash bulbs and all of

1268
00:39:24.133 --> 00:39:25.300
this kind of thing.

1269
00:39:25.300 --> 00:39:26.667
You like it.

1270
00:39:26.667 --> 00:39:28.200
I don't know.

1271
00:39:28.200 --> 00:39:29.567
I don't mind it.

1272
00:39:29.567 --> 00:39:30.868
Don't mind it or relish it?

1273
00:39:30.868 --> 00:39:32.367
I'll tell you what.

1274
00:39:32.367 --> 00:39:33.701
I used to like it more.

1275
00:39:33.701 --> 00:39:35.234
I still like it.

1276
00:39:35.234 --> 00:39:36.601
I probably would miss it if it weren't here.

1277
00:39:36.601 --> 00:39:37.968
I probably (crosstalk ).

1278
00:39:37.968 --> 00:39:39.300
Because you've grown accustomed to it as part

1279
00:39:39.300 --> 00:39:40.667
of your --

1280
00:39:40.667 --> 00:39:42.000
Maybe. It's been wild but I also think it's

1281
00:39:42.000 --> 00:39:43.367
great for business.

1282
00:39:43.367 --> 00:39:45.200
It is great for the casino business.

1283
00:39:45.200 --> 00:39:47.100
It's great for the condominium business.

1284
00:39:47.100 --> 00:39:49.000
It's great.

1285
00:39:49.000 --> 00:39:50.701
Hey, they just came out with a report, the (inaudible ) Report.

1286
00:39:50.701 --> 00:39:52.200
The Trump Apartments in New York sell for more on a square foot

1287
00:39:52.200 --> 00:39:53.834
basis which is really the one thing than any apartments in New

1288
00:39:53.834 --> 00:39:55.634
York by far.

1289
00:39:55.634 --> 00:39:57.567
It's not even close.

1290
00:39:57.567 --> 00:39:59.701
A lot of that is all of this nonsense.

1291
00:39:59.701 --> 00:40:01.701
Let me talk about people you ought to say sorry

1292
00:40:01.701 --> 00:40:03.834
to, if there might be.

1293
00:40:03.834 --> 00:40:05.767
One, and I raise this person is, that guy in Philadelphia who

1294
00:40:05.767 --> 00:40:07.467
they say you got fired.

1295
00:40:07.467 --> 00:40:09.000
Do you remember the guy who did the stock (inaudible ) analysis?

1296
00:40:09.000 --> 00:40:10.400
I don't think so.

1297
00:40:10.400 --> 00:40:11.968
He did great.

1298
00:40:11.968 --> 00:40:13.634
He came out.

1299
00:40:13.634 --> 00:40:15.133
He did well.

1300
00:40:15.133 --> 00:40:16.767
Now he's my biggest champion.

1301
00:40:16.767 --> 00:40:18.234
He's the one that --

1302
00:40:18.234 --> 00:40:19.601
Yeah but you got him fired.

1303
00:40:19.601 --> 00:40:21.100
You've got to look back --

1304
00:40:21.100 --> 00:40:22.501
I can't help that he's been fired.

1305
00:40:22.501 --> 00:40:23.801
Oh come on.

1306
00:40:23.801 --> 00:40:25.267
Did they fire him because of a call from you?

1307
00:40:25.267 --> 00:40:26.601
I have no idea.

1308
00:40:26.601 --> 00:40:27.801
Really, I have no idea.

1309
00:40:27.801 --> 00:40:29.000
Okay but don't you any egrets for that?

1310
00:40:29.000 --> 00:40:30.200
Perhaps.

1311
00:40:30.200 --> 00:40:31.367
But 1 man may have lost a job

1312
00:40:31.367 --> 00:40:33.834
because you leaned on --

1313
00:40:33.834 --> 00:40:35.033
Because he's a tough guy. He's a savvy guy.

1314
00:40:35.033 --> 00:40:36.434
He's come out great.

1315
00:40:36.434 --> 00:40:37.734
He's a stock analyst.

1316
00:40:37.734 --> 00:40:38.968
He's now my biggest champion.

1317
00:40:38.968 --> 00:40:40.133
He's saying it's the greatest comeback, in fact he used the

1318
00:40:40.133 --> 00:40:41.501
word brilliant.

1319
00:40:41.501 --> 00:40:42.801
I hate to tell you this.

1320
00:40:42.801 --> 00:40:44.000
What's his name?

1321
00:40:44.000 --> 00:40:45.400
His name is Marvin (inaudible ).

1322
00:40:45.400 --> 00:40:46.968
That's right.

1323
00:40:46.968 --> 00:40:48.400
He did say.

1324
00:40:48.400 --> 00:40:49.968
He was a great critic of me.

1325
00:40:49.968 --> 00:40:51.634
Now he's saying that this was one of the most brilliant things

1326
00:40:51.634 --> 00:40:53.133
(inaudible ).

1327
00:40:53.133 --> 00:40:54.767
You did him a favor by getting him fired?

1328
00:40:54.767 --> 00:40:56.234
I think in the long run he's probably doing

1329
00:40:56.234 --> 00:40:57.834
better now than (crosstalk ).

1330
00:40:57.834 --> 00:41:00.033
Yeah, you did him a favor.

1331
00:41:00.033 --> 00:41:02.200
That's it.

1332
00:41:02.200 --> 00:41:04.300
Indirectly I did him -- I wasn't looking to do

1333
00:41:04.300 --> 00:41:06.400
him a favor but I think indirectly --

1334
00:41:06.400 --> 00:41:08.200
But don't you regret that?

1335
00:41:08.200 --> 00:41:09.801
No, I don't regret it.

1336
00:41:09.801 --> 00:41:11.267
Didn't this guy lose his job?

1337
00:41:11.267 --> 00:41:12.868
No because that's life. You can't look back.

1338
00:41:12.868 --> 00:41:14.300
I don't like to look back.

1339
00:41:14.300 --> 00:41:15.901
No regrets then?

1340
00:41:15.901 --> 00:41:17.334
There's no one that you'd say (crosstalk ).

1341
00:41:17.334 --> 00:41:18.901
No regrets?

1342
00:41:18.901 --> 00:41:20.367
If I had it to do again, would I have done things

1343
00:41:20.367 --> 00:41:21.868
differently? Yes.

1344
00:41:21.868 --> 00:41:23.334
What would you have done differently?

1345
00:41:23.334 --> 00:41:24.801
I probably instead of stopping with

1346
00:41:24.801 --> 00:41:26.300
the sale of the

1347
00:41:26.300 --> 00:41:28.133
Saint Maritz where I sold and I made a lot of money, I probably

1348
00:41:28.133 --> 00:41:29.767
would have sold some other things.

1349
00:41:29.767 --> 00:41:31.234
I think I would have treated people differently.

1350
00:41:31.234 --> 00:41:32.601
I think that some of the people that were most loyal to me were

1351
00:41:32.601 --> 00:41:34.100
people that I didn't think would be.

1352
00:41:34.100 --> 00:41:35.501
Some of the people that were least loyal to me are people

1353
00:41:35.501 --> 00:41:36.767
that I think I would have treated them differently.

1354
00:41:36.767 --> 00:41:38.234
I think I would have treated different groups differently.

1355
00:41:38.234 --> 00:41:39.601
I would have wiped the floor with the guys that weren't loyal

1356
00:41:39.601 --> 00:41:40.868
which I will now do which is great.

1357
00:41:40.868 --> 00:41:42.033
I love getting even with people but I will --

1358
00:41:42.033 --> 00:41:43.200
Slow up. You love getting even.

1359
00:41:43.200 --> 00:41:44.267
Oh absolutely.

1360
00:41:44.267 --> 00:41:45.234
You don't believe in the (inaudible )?

1361
00:41:45.234 --> 00:41:46.567
Yeah you do.

1362
00:41:46.567 --> 00:41:48.200
No.

1363
00:41:48.200 --> 00:41:49.801
I know you well enough.

1364
00:41:49.801 --> 00:41:51.167
I think you do but anyway --

1365
00:41:51.167 --> 00:41:52.534
But tell me. You're going to get even with some

1366
00:41:52.534 --> 00:41:53.901
people because --

1367
00:41:53.901 --> 00:41:55.267
If given the opportunity. If given the

1368
00:41:55.267 --> 00:41:56.634
opportunity, I will get even with some people that

1369
00:41:56.634 --> 00:41:58.634
were disloyal to me.

1370
00:41:58.634 --> 00:42:00.634
I had a group of people that were disloyal.

1371
00:42:00.634 --> 00:42:02.901
But how do you define disloyalty?

1372
00:42:02.901 --> 00:42:04.601
They didn't come to my aid.

1373
00:42:04.601 --> 00:42:06.300
What did they do?

1374
00:42:06.300 --> 00:42:08.000
Did they turn their back on you?

1375
00:42:08.000 --> 00:42:09.701
No but they didn't do small

1376
00:42:09.701 --> 00:42:13.467
things that would have helped.

1377
00:42:13.467 --> 00:42:15.501
They didn't do large things that would have helped.

1378
00:42:15.501 --> 00:42:17.534
Give me one example.

1379
00:42:17.534 --> 00:42:19.567
I had one man who frankly was on the board of a

1380
00:42:19.567 --> 00:42:21.601
company that I was selling.

1381
00:42:21.601 --> 00:42:23.601
It was a tremendous sale for me.

1382
00:42:23.601 --> 00:42:25.601
It was a great sale.

1383
00:42:25.601 --> 00:42:27.634
It would have been a very helpful sale.

1384
00:42:27.634 --> 00:42:29.234
It ended up going (inaudible ) but one of the things is that I

1385
00:42:29.234 --> 00:42:30.834
had to --

1386
00:42:30.834 --> 00:42:32.434
Is this the Shuttle?

1387
00:42:32.434 --> 00:42:34.033
No, this was a different company. It doesn't

1388
00:42:34.033 --> 00:42:35.634
matter which company.

1389
00:42:35.634 --> 00:42:37.634
It was a great thing for me but one of the things is I had to

1390
00:42:37.634 --> 00:42:39.667
clear the board.

1391
00:42:39.667 --> 00:42:41.667
Now I only put him on that board because of the fact I thought I

1392
00:42:41.667 --> 00:42:43.634
was doing him a favor.

1393
00:42:43.634 --> 00:42:45.634
He got some money by being a board member, et cetera.

1394
00:42:45.634 --> 00:42:47.634
He contributed nothing.

1395
00:42:47.634 --> 00:42:49.634
I had 5 board members.

1396
00:42:49.634 --> 00:42:51.634
When it came time to removing the slate and getting all my

1397
00:42:51.634 --> 00:42:53.400
people, everyone said, "I'm leaving.

1398
00:42:53.400 --> 00:42:55.200
Steve (inaudible )," everyone left except this one particular

1399
00:42:55.200 --> 00:42:56.801
person said, "I don't want to leave." He told my people, "I

1400
00:42:56.801 --> 00:42:58.267
don't want to leave.

1401
00:42:58.267 --> 00:42:59.868
When I heard about it, I went nuts.

1402
00:42:59.868 --> 00:43:01.300
I blasted him.

1403
00:43:01.300 --> 00:43:02.634
All of a sudden, he left.

1404
00:43:02.634 --> 00:43:03.901
I consider that a great act of disloyalty.

1405
00:43:03.901 --> 00:43:05.467
I put him on that board.

1406
00:43:05.467 --> 00:43:07.167
Now he did leave.

1407
00:43:07.167 --> 00:43:08.667
This is a little like Andrew.

1408
00:43:08.667 --> 00:43:10.300
Andrew ended up in favor of Riverside South but all I had

1409
00:43:10.300 --> 00:43:12.033
done, I had never asked him for anything.

1410
00:43:12.033 --> 00:43:13.601
This was a great job.

1411
00:43:13.601 --> 00:43:15.234
This was a job that he should have been in favor.

1412
00:43:15.234 --> 00:43:17.000
He had to do a poll in order to find out whether or not he was

1413
00:43:17.000 --> 00:43:18.601
going to support.

1414
00:43:18.601 --> 00:43:20.267
Yeah but how can you get even with Andy Stein?

1415
00:43:20.267 --> 00:43:21.767
This guy's --

1416
00:43:21.767 --> 00:43:23.400
It's not a question of getting even.

1417
00:43:23.400 --> 00:43:25.133
I can certainly be disappointed in certain people.

1418
00:43:25.133 --> 00:43:26.667
I was very disappointed.

1419
00:43:26.667 --> 00:43:28.334
Yeah but you've already said, "An eye for an

1420
00:43:28.334 --> 00:43:29.834
eye." If he hits you, you're going to hit him back.

1421
00:43:29.834 --> 00:43:31.434
I might.

1422
00:43:31.434 --> 00:43:33.167
How much would you hit him back?

1423
00:43:33.167 --> 00:43:34.968
We'll see.

1424
00:43:34.968 --> 00:43:36.801
Hey, time will tell I guess, right?

1425
00:43:36.801 --> 00:43:38.667
Are you looking for the opportunity?

1426
00:43:38.667 --> 00:43:40.601
No, I'm not looking.

1427
00:43:40.601 --> 00:43:42.267
I'm just really so disappointed in him.

1428
00:43:42.267 --> 00:43:43.767
I'm disappointed in other people.

1429
00:43:43.767 --> 00:43:45.434
I was disappointed in this one man that didn't want to get off

1430
00:43:45.434 --> 00:43:47.133
the (inaudible ).

1431
00:43:47.133 --> 00:43:48.701
He got off.

1432
00:43:48.701 --> 00:43:50.367
Okay but he got off.

1433
00:43:50.367 --> 00:43:51.834
Not only did he got off, he got off after being

1434
00:43:51.834 --> 00:43:53.467
hit over the head with a canon.

1435
00:43:53.467 --> 00:43:55.434
What was the canon?

1436
00:43:55.434 --> 00:43:57.400
The canon was me.

1437
00:43:57.400 --> 00:43:59.367
What was the threat though?

1438
00:43:59.367 --> 00:44:00.801
Did you blast him in the paper and that was enough --

1439
00:44:00.801 --> 00:44:02.234
No.

1440
00:44:02.234 --> 00:44:03.634
-- or did you say --

1441
00:44:03.634 --> 00:44:05.067
No. The threat was just a strong threat. He

1442
00:44:05.067 --> 00:44:06.501
would have gone through a lot of hell if he didn't get off.

1443
00:44:06.501 --> 00:44:08.200
Then he gets off.

1444
00:44:08.200 --> 00:44:09.734
He acts like he does me a favor.

1445
00:44:09.734 --> 00:44:11.133
He got off maybe (crosstalk ).

1446
00:44:11.133 --> 00:44:12.667
You owe me, Donald, because I'm getting off

1447
00:44:12.667 --> 00:44:14.100
the board.

1448
00:44:14.100 --> 00:44:15.634
Yeah.

1449
00:44:15.634 --> 00:44:17.067
It was like one of the great jokes of the century but it

1450
00:44:17.067 --> 00:44:18.634
ended up that he got off.

1451
00:44:18.634 --> 00:44:20.300
The deal went through but that doesn't mean I have to love this

1452
00:44:20.300 --> 00:44:22.067
particular guy.

1453
00:44:22.067 --> 00:44:23.634
It doesn't mean I have to love him.

1454
00:44:23.634 --> 00:44:25.300
I want somebody that's loyal from the beginning, not somebody

1455
00:44:25.300 --> 00:44:27.000
that's loyal because they're afraid or because they're this

1456
00:44:27.000 --> 00:44:28.534
or because they're that.

1457
00:44:28.534 --> 00:44:30.100
I've had a lot of instances like that.

1458
00:44:30.100 --> 00:44:31.868
Again, I think the new book -- I don't know why I'm promoting a

1459
00:44:31.868 --> 00:44:33.701
book that's not going to come out for 3 or 4 months.

1460
00:44:33.701 --> 00:44:35.567
I don't want to waste a lot of time (crosstalk ) but I think

1461
00:44:35.567 --> 00:44:37.467
that the most interesting aspect -- That's right.

1462
00:44:37.467 --> 00:44:39.367
We'll do it when you go national.

1463
00:44:39.367 --> 00:44:41.334
That's right.

1464
00:44:41.334 --> 00:44:43.267
We'll do that (crosstalk ).

1465
00:44:43.267 --> 00:44:45.234
Forget the local stuff.

1466
00:44:45.234 --> 00:44:47.234
No, the local stuff is important.

1467
00:44:47.234 --> 00:44:49.434
Without the local stuff, there's no national stuff.

1468
00:44:49.434 --> 00:44:51.067
That's right.

1469
00:44:51.067 --> 00:44:52.667
You don't do the second step --

1470
00:44:52.667 --> 00:44:54.300
Exactly.

1471
00:44:54.300 --> 00:44:55.901
-- but I think the most interesting aspect of

1472
00:44:55.901 --> 00:44:57.534
that book is the loyalty area, the loyalty chapters.

1473
00:44:57.534 --> 00:44:59.467
You mention loyalty in terms of your own

1474
00:44:59.467 --> 00:45:01.434
relationship with Roy Cone.

1475
00:45:01.434 --> 00:45:02.968
Do you feel like you stuck by Roy Cone --

1476
00:45:02.968 --> 00:45:04.501
I do.

1477
00:45:04.501 --> 00:45:06.033
-- and you showed your stripes by doing that?

1478
00:45:06.033 --> 00:45:07.601
I don't think I showed my stripes. You see, I'm

1479
00:45:07.601 --> 00:45:09.133
so loyal to people.

1480
00:45:09.133 --> 00:45:10.934
Maybe I'm loyal to a fault but I'm so loyal to people that when

1481
00:45:10.934 --> 00:45:12.767
somebody is slightly disloyal to me, I look upon it as a great

1482
00:45:12.767 --> 00:45:14.434
act of horror.

1483
00:45:14.434 --> 00:45:15.901
Who are you going to support for mayor?

1484
00:45:15.901 --> 00:45:17.534
I think David Dinkens I have to tell you has

1485
00:45:17.534 --> 00:45:19.000
done a real good comeback.

1486
00:45:19.000 --> 00:45:20.634
You talk about comebacks?

1487
00:45:20.634 --> 00:45:22.067
David Dinkens has done one hell of a comeback

1488
00:45:22.067 --> 00:45:23.400
in the last 6 months.

1489
00:45:23.400 --> 00:45:24.667
You saw what happened in Los Angeles.

1490
00:45:24.667 --> 00:45:25.868
You saw what happened.

1491
00:45:25.868 --> 00:45:27.334
People really like the man.

1492
00:45:27.334 --> 00:45:28.968
I've been with him.

1493
00:45:28.968 --> 00:45:30.801
I've watched him.

1494
00:45:30.801 --> 00:45:32.667
He has really become a very popular guy.

1495
00:45:32.667 --> 00:45:34.667
I think he's going to be very hard to beat in a lot of ways.

1496
00:45:34.667 --> 00:45:36.834
Now I have to tell you that a year and a half ago nobody

1497
00:45:36.834 --> 00:45:38.701
wanted to run against George Bush.

1498
00:45:38.701 --> 00:45:40.601
It took a man from Arkansas who was the only one, virtually one

1499
00:45:40.601 --> 00:45:42.667
of the few people that wanted to run because

1500
00:45:42.667 --> 00:45:44.767
George Bush was unbeatable.

1501
00:45:44.767 --> 00:45:46.601
There was no way you could bet this guy.

1502
00:45:46.601 --> 00:45:48.501
It turns out he just ran out of gas.

1503
00:45:48.501 --> 00:45:50.400
It looked like David Dinkens couldn't possibly

1504
00:45:50.400 --> 00:45:52.334
win re-election a year ago.

1505
00:45:52.334 --> 00:45:54.267
Then you had (crosstalk ) and other things.

1506
00:45:54.267 --> 00:45:56.234
Now he's in a much better position (crosstalk )?

1507
00:45:56.234 --> 00:45:58.200
He's done a great comeback.

1508
00:45:58.200 --> 00:46:00.167
Do you support him over Juliani?

1509
00:46:00.167 --> 00:46:01.901
I'm not a (inaudible ) supporter.

1510
00:46:01.901 --> 00:46:03.701
I don't think it's even relevant.

1511
00:46:03.701 --> 00:46:05.567
I just think that Dinkens has really done a great job in terms

1512
00:46:05.567 --> 00:46:07.434
of coming back.

1513
00:46:07.434 --> 00:46:09.367
I also think he's a great human being.

1514
00:46:09.367 --> 00:46:11.033
I think he's a very (crosstalk ).

1515
00:46:11.033 --> 00:46:12.801
Did he help you on the Planning Commission?

1516
00:46:12.801 --> 00:46:14.634
He helped me but he was tough.

1517
00:46:14.634 --> 00:46:16.501
He was strong.

1518
00:46:16.501 --> 00:46:18.167
He was very committed to our anthem.

1519
00:46:18.167 --> 00:46:19.901
He was very much for the people in that sense but one, he gave

1520
00:46:19.901 --> 00:46:21.701
me his word that he would now support the job.

1521
00:46:21.701 --> 00:46:23.300
He lived up to that word.

1522
00:46:23.300 --> 00:46:24.767
There was also a guy on the political scene this

1523
00:46:24.767 --> 00:46:26.334
year named Ross Perot, a billionaire.

1524
00:46:26.334 --> 00:46:28.033
Were you once a billionaire?

1525
00:46:28.033 --> 00:46:29.934
I don't know.

1526
00:46:29.934 --> 00:46:31.834
I was projected as being a billionaire (crosstalk ).

1527
00:46:31.834 --> 00:46:33.767
I know you were but you never can tell

1528
00:46:33.767 --> 00:46:35.467
(crosstalk ) because I saw there at least $900 million but did

1529
00:46:35.467 --> 00:46:37.267
you actually have a net worth of (crosstalk )?

1530
00:46:37.267 --> 00:46:38.834
What did you have yourself up to?

1531
00:46:38.834 --> 00:46:40.267
I don't know.

1532
00:46:40.267 --> 00:46:41.601
I had myself up to maybe what I have right now.

1533
00:46:41.601 --> 00:46:43.067
Nobody knows what I'm worth.

1534
00:46:43.067 --> 00:46:44.968
What's the Taj Mahal worth?

1535
00:46:44.968 --> 00:46:46.734
What's the Westside worth?

1536
00:46:46.734 --> 00:46:48.634
I have no idea what I'm worth.

1537
00:46:48.634 --> 00:46:50.334
What was it you used to say about the Plaza?

1538
00:46:50.334 --> 00:46:52.901
You said,"This is a trophy.

1539
00:46:52.901 --> 00:46:55.100
Therefore, it's a different place if it's a trophy.

1540
00:46:55.100 --> 00:46:56.968
It's vast and unique.

1541
00:46:56.968 --> 00:46:58.901
People will pay a premium for the best and unique."

1542
00:46:58.901 --> 00:47:00.601
But people don't buy trophies so much anymore.

1543
00:47:00.601 --> 00:47:02.100
That's true. (Crosstalk ).

1544
00:47:02.100 --> 00:47:05.033
Did you pay too much for that trophy? Probably?

1545
00:47:05.033 --> 00:47:06.434
No.

1546
00:47:06.434 --> 00:47:08.000
I'll tell you what.

1547
00:47:08.000 --> 00:47:09.667
When I bought the Plaza I was offered a huge

1548
00:47:09.667 --> 00:47:11.167
profit the year after.

1549
00:47:11.167 --> 00:47:12.801
Brilliantly, I decided not to take that profit.

1550
00:47:12.801 --> 00:47:14.501
Who sold it to you?

1551
00:47:14.501 --> 00:47:16.300
Was it the (inaudible )?

1552
00:47:16.300 --> 00:47:18.133
No, it was a consortium of people.

1553
00:47:18.133 --> 00:47:20.033
But the (inaudible ) were involved.

1554
00:47:20.033 --> 00:47:21.934
I have to tell you truth.

1555
00:47:21.934 --> 00:47:23.868
I'm very happy with my purchase of the Plaza Hotel.

1556
00:47:23.868 --> 00:47:25.834
I think it's working out fantastically.

1557
00:47:25.834 --> 00:47:27.667
I think it's going to worth out.

1558
00:47:27.667 --> 00:47:29.400
Adversity's a really funny thing.

1559
00:47:29.400 --> 00:47:31.234
When you have adversity, it's like in golf.

1560
00:47:31.234 --> 00:47:32.834
It's like in sports.

1561
00:47:32.834 --> 00:47:34.634
It's a question of how many shots have you had not so many

1562
00:47:34.634 --> 00:47:36.634
good shots but how many bad shots?

1563
00:47:36.634 --> 00:47:38.634
In other words, minimize your bad shots.

1564
00:47:38.634 --> 00:47:40.634
It's not a question of getting because

1565
00:47:40.634 --> 00:47:42.634
everybody's going to get in trouble.

1566
00:47:42.634 --> 00:47:44.667
It's a question of how you get out of trouble.

1567
00:47:44.667 --> 00:47:46.400
I think the Plaza Hotel is going to turn out to be a great deal

1568
00:47:46.400 --> 00:47:48.234
for me.

1569
00:47:48.234 --> 00:47:50.100
It's already turning out to be a great deal for me.

1570
00:47:50.100 --> 00:47:51.968
I think it's going to be good.

1571
00:47:51.968 --> 00:47:53.667
But golf, that sporting metaphor may be correct

1572
00:47:53.667 --> 00:47:55.400
because in golf if you were playing and you've got to go

1573
00:47:55.400 --> 00:47:57.701
over the water to reach the green, sometimes you don't make

1574
00:47:57.701 --> 00:48:00.133
it over the water.

1575
00:48:00.133 --> 00:48:02.467
Sometimes you don't but I'm not --

1576
00:48:02.467 --> 00:48:04.701
Then it can put you into bogey land.

1577
00:48:04.701 --> 00:48:06.634
-- necessarily (crosstalk ) but that's not

1578
00:48:06.634 --> 00:48:08.334
where I am although I could have been.

1579
00:48:08.334 --> 00:48:09.868
You're not in bogey land but are

1580
00:48:09.868 --> 00:48:11.501
you back to par?

1581
00:48:11.501 --> 00:48:12.968
You're not even at par.

1582
00:48:12.968 --> 00:48:14.667
You're at least at bogey.

1583
00:48:14.667 --> 00:48:16.167
No, I think - Again, I attended this.

1584
00:48:16.167 --> 00:48:17.834
I make this prediction.

1585
00:48:17.834 --> 00:48:19.300
I think in 6 months I'll be stronger than I was 3 or 4 years

1586
00:48:19.300 --> 00:48:20.901
ago, whatever my (crosstalk ).

1587
00:48:20.901 --> 00:48:22.367
That's a birdie, isn't it?

1588
00:48:22.367 --> 00:48:23.968
I believe.

1589
00:48:23.968 --> 00:48:25.667
What I did is I restructured thing in the early '90s in the

1590
00:48:25.667 --> 00:48:27.167
bad times.

1591
00:48:27.167 --> 00:48:28.567
Now it's turning out to be very good.

1592
00:48:28.567 --> 00:48:30.100
I believe I'll be stronger than I was 2 years

1593
00:48:30.100 --> 00:48:31.767
ago but who knows.

1594
00:48:31.767 --> 00:48:33.501
We'll see what happens.

1595
00:48:33.501 --> 00:48:35.334
Let's see what happens with the economy.

1596
00:48:35.334 --> 00:48:37.167
Let's see what happens with (crosstalk ).

1597
00:48:37.167 --> 00:48:39.067
Ross Perot had $3 billion.

1598
00:48:39.067 --> 00:48:41.000
He was willing to spend it and got something -- I haven't seen

1599
00:48:41.000 --> 00:48:42.667
in the last tally, maybe 17, 18% of the vote, 19% of the vote.

1600
00:48:42.667 --> 00:48:44.434
There was a time in which you wanted to tease Americans you

1601
00:48:44.434 --> 00:48:45.834
might even want to run for President.

1602
00:48:45.834 --> 00:48:47.200
People said that.

1603
00:48:47.200 --> 00:48:48.601
I never did but people said that.

1604
00:48:48.601 --> 00:48:50.000
You didn't go to New Hampshire

1605
00:48:50.000 --> 00:48:51.334
to test the water?

1606
00:48:51.334 --> 00:48:52.701
You know what?

1607
00:48:52.701 --> 00:48:54.033
I went to --

1608
00:48:54.033 --> 00:48:55.200
(Crosstalk ) influence of Roger Stone say, "This

1609
00:48:55.200 --> 00:48:56.367
is an interesting idea.

1610
00:48:56.367 --> 00:48:57.534
Let's go up and see what we can do."

1611
00:48:57.534 --> 00:48:58.701
I really went to New Hampshire because they

1612
00:48:58.701 --> 00:49:01.334
wanted me to go to New Hampshire.

1613
00:49:01.334 --> 00:49:02.934
They wanted me to (crosstalk ).

1614
00:49:02.934 --> 00:49:04.634
But you knew that your appearance there would

1615
00:49:04.634 --> 00:49:06.167
generate the talk.

1616
00:49:06.167 --> 00:49:07.801
It certainly did generate talk.

1617
00:49:07.801 --> 00:49:09.534
But you knew that your appearance would generate

1618
00:49:09.534 --> 00:49:11.334
the talk.

1619
00:49:11.334 --> 00:49:13.200
No, I didn't do it for that reason.

1620
00:49:13.200 --> 00:49:15.067
Charlie, I didn't do it for that reason.

1621
00:49:15.067 --> 00:49:16.734
I had no idea how much talk would be generated.

1622
00:49:16.734 --> 00:49:18.501
I had no intention of running for President.

1623
00:49:18.501 --> 00:49:20.334
I wouldn't have an intention of running for President.

1624
00:49:20.334 --> 00:49:22.234
I will say this.

1625
00:49:22.234 --> 00:49:23.901
Ross Perot, he made some monumental mistakes.

1626
00:49:23.901 --> 00:49:25.734
Had he not dropped out of the election, had he not made the

1627
00:49:25.734 --> 00:49:27.601
gaps about the watchdogs and the guard dogs and everybody in the

1628
00:49:27.601 --> 00:49:29.501
(crosstalk ).

1629
00:49:29.501 --> 00:49:31.434
If he didn't have 3 or 4 bad days, and they were real bad

1630
00:49:31.434 --> 00:49:33.133
days, he could have conceivably won this crazy election.

1631
00:49:33.133 --> 00:49:34.634
You'll get some political people who are smarter

1632
00:49:34.634 --> 00:49:36.267
than you and I both about politics who will

1633
00:49:36.267 --> 00:49:38.000
say the same thing.

1634
00:49:38.000 --> 00:49:39.801
I believe it.

1635
00:49:39.801 --> 00:49:41.267
-- that he could have made it a very competitive

1636
00:49:41.267 --> 00:49:42.734
race --

1637
00:49:42.734 --> 00:49:44.200
He was up by 42 points at one time.

1638
00:49:44.200 --> 00:49:45.667
-- and possibly won but at the same time

1639
00:49:45.667 --> 00:49:47.167
whatever it is that made him generate $2 billion which

1640
00:49:47.167 --> 00:49:49.000
enabled him to do as well as he did in part, in part -- He was

1641
00:49:49.000 --> 00:49:50.901
very effective in the debates.

1642
00:49:50.901 --> 00:49:53.300
That had nothing to do with how much money he had.

1643
00:49:53.300 --> 00:49:55.067
At the same time, maybe you have to take the good with the bad.

1644
00:49:55.067 --> 00:49:56.868
Part of the personnel that helped him make $2 billion also

1645
00:49:56.868 --> 00:49:58.634
made him the way he is about the paranoia about ..

1646
00:49:58.634 --> 00:50:00.400
The paranoia maybe created some of the money but

1647
00:50:00.400 --> 00:50:02.167
it's not necessarily (crosstalk ).

1648
00:50:02.167 --> 00:50:04.267
-- or the drive that creates both.

1649
00:50:04.267 --> 00:50:06.334
One of the problems with politics and

1650
00:50:06.334 --> 00:50:08.400
politicians is that you really can't have done very much wrong.

1651
00:50:08.400 --> 00:50:10.200
That means you can't have done very much because if you're

1652
00:50:10.200 --> 00:50:12.033
doing a lot -- Hey, I do a lot of things.

1653
00:50:12.033 --> 00:50:13.934
Most of them turn out good but some of them have

1654
00:50:13.934 --> 00:50:15.467
to turn out bad.

1655
00:50:15.467 --> 00:50:17.033
They'll hit you with a little bad.

1656
00:50:17.033 --> 00:50:18.567
It makes it a little bit more difficult.

1657
00:50:18.567 --> 00:50:20.133
Franklin Roosevelt I think

1658
00:50:20.133 --> 00:50:21.667
once said -- (crosstalk

1659
00:50:21.667 --> 00:50:23.634
) was here the other night.

1660
00:50:23.634 --> 00:50:25.501
I'm not sure he said this but I think FDR once said, "I'm proud

1661
00:50:25.501 --> 00:50:27.467
of all my enemies I've earned." What enemies are you proud of?

1662
00:50:27.467 --> 00:50:29.501
I'm proud of having a guy like Ed Koch as an

1663
00:50:29.501 --> 00:50:31.501
enemy because I think he's a major loser.

1664
00:50:31.501 --> 00:50:33.534
He did a lousy job as Mayor.

1665
00:50:33.534 --> 00:50:35.534
He's a promoter.

1666
00:50:35.534 --> 00:50:37.534
He's very much of a promoter.

1667
00:50:37.534 --> 00:50:39.567
He did not do a good job as a Mayor.

1668
00:50:39.567 --> 00:50:41.801
He got very upset because after 8 years of trying to build the

1669
00:50:41.801 --> 00:50:43.968
(inaudible ) Skating Rink, I was able to do it in 4 months for

1670
00:50:43.968 --> 00:50:46.200
about 1/10th the money that they spent.

1671
00:50:46.200 --> 00:50:48.567
Instead of thanking me, he took great umbrage to the fact that I

1672
00:50:48.567 --> 00:50:50.868
was able to do this.

1673
00:50:50.868 --> 00:50:53.334
I just wanted to have my kids go ice skating in Central Park.

1674
00:50:53.334 --> 00:50:55.934
I got tired of watching these people sitting on their, I'm not

1675
00:50:55.934 --> 00:50:58.501
allowed to say asses on this program so, of course, I won't

1676
00:50:58.501 --> 00:51:00.934
say it, but I got tired of watching these people just

1677
00:51:00.934 --> 00:51:03.367
sitting down, not working, not doing it right and having no

1678
00:51:03.367 --> 00:51:05.701
plan and no leadership.

1679
00:51:05.701 --> 00:51:07.968
Instead of thanking me and saying, "Donald, that was a

1680
00:51:07.968 --> 00:51:10.167
great job," he went around saying, "I think we could have

1681
00:51:10.167 --> 00:51:12.033
done it if we this or we that." I think he was

1682
00:51:12.033 --> 00:51:13.968
just (crosstalk ).

1683
00:51:13.968 --> 00:51:15.901
Ed Koch.

1684
00:51:15.901 --> 00:51:18.200
Who else?

1685
00:51:18.200 --> 00:51:20.167
What other enemies are you proud of?

1686
00:51:20.167 --> 00:51:22.167
I'm not proud of enemies.

1687
00:51:22.167 --> 00:51:23.934
I'm the kind of guy that wants great friends and great enemies

1688
00:51:23.934 --> 00:51:25.734
but I'm not proud of this.

1689
00:51:25.734 --> 00:51:27.367
Is your father still the Seminole influence in

1690
00:51:27.367 --> 00:51:28.801
your life?

1691
00:51:28.801 --> 00:51:30.434
I have a great father.

1692
00:51:30.434 --> 00:51:31.901
I have a wonderful father.

1693
00:51:31.901 --> 00:51:33.534
He's somebody I love very much.

1694
00:51:33.534 --> 00:51:35.434
I'd say my mother and father made me (crosstalk ).

1695
00:51:35.434 --> 00:51:37.367
Together?

1696
00:51:37.367 --> 00:51:39.334
Yeah, together because I have (crosstalk ).

1697
00:51:39.334 --> 00:51:41.033
In what way did they influence you differently?

1698
00:51:41.033 --> 00:51:43.133
They were different people.

1699
00:51:43.133 --> 00:51:45.567
My father's a very business-oriented guy but a very

1700
00:51:45.567 --> 00:51:47.901
good man.

1701
00:51:47.901 --> 00:51:50.300
If somebody came up to my father on the street and said I need

1702
00:51:50.300 --> 00:51:52.334
$100, I need $200, my father is the softest touch when it comes

1703
00:51:52.334 --> 00:51:54.734
to people that are really in trouble.

1704
00:51:54.734 --> 00:51:56.901
He's really a very great humanitarian in that sense but

1705
00:51:56.901 --> 00:51:59.000
he's a strong man.

1706
00:51:59.000 --> 00:52:01.100
People think of him as being cold but he's not cold but my

1707
00:52:01.100 --> 00:52:03.267
mother is openly warm.

1708
00:52:03.267 --> 00:52:05.234
She's just a wonderful woman.

1709
00:52:05.234 --> 00:52:07.000
Except when it comes to Mike Tyson.

1710
00:52:07.000 --> 00:52:08.901
Except when it came to Mike Tyson.

1711
00:52:08.901 --> 00:52:10.934
It took 40 years.

1712
00:52:10.934 --> 00:52:12.667
Finally, she came out.

1713
00:52:12.667 --> 00:52:14.501
She said something but she's a fabulous woman.

1714
00:52:14.501 --> 00:52:16.100
She made you like yourself when you

1715
00:52:16.100 --> 00:52:17.501
were growing up.

1716
00:52:17.501 --> 00:52:18.934
Her love reinforced your sense of self.

1717
00:52:18.934 --> 00:52:20.334
She really did.

1718
00:52:20.334 --> 00:52:21.734
Greenberg again in this "New

1719
00:52:21.734 --> 00:52:23.133
York" magazine article

1720
00:52:23.133 --> 00:52:24.868
said about you, he said, "If Donald give you his word, it's

1721
00:52:24.868 --> 00:52:27.067
good as gold.

1722
00:52:27.067 --> 00:52:29.567
However -- "

1723
00:52:29.567 --> 00:52:31.701
He said that sometimes I had a bad memory.

1724
00:52:31.701 --> 00:52:33.567
That leaves you wide open to the fact that --

1725
00:52:33.567 --> 00:52:35.667
I have a photographic memory.

1726
00:52:35.667 --> 00:52:37.734
That's the problem I have.

1727
00:52:37.734 --> 00:52:39.767
Exactly.

1728
00:52:39.767 --> 00:52:41.567
It raises this question, "Can you trust what Donald really

1729
00:52:41.567 --> 00:52:43.167
says because his memory may be short?"

1730
00:52:43.167 --> 00:52:45.200
No, I think he meant that jokingly.

1731
00:52:45.200 --> 00:52:47.267
He's a great friend.

1732
00:52:47.267 --> 00:52:49.667
He's a great gentleman.

1733
00:52:49.667 --> 00:52:52.000
I think but perhaps he's had some bad experiences.

1734
00:52:52.000 --> 00:52:54.501
I really don't know.

1735
00:52:54.501 --> 00:52:56.634
What brings you the greatest satisfaction now?

1736
00:52:56.634 --> 00:52:58.634
Is it conquering adversity or is it something else?

1737
00:52:58.634 --> 00:53:00.434
I used to think just continued success but I got

1738
00:53:00.434 --> 00:53:02.667
bored by it.

1739
00:53:02.667 --> 00:53:04.601
Enough is enough.

1740
00:53:04.601 --> 00:53:06.734
Enough.

1741
00:53:06.734 --> 00:53:08.567
Then I really think that right now I'm just really proud with

1742
00:53:08.567 --> 00:53:09.868
the way I've handled things.

1743
00:53:09.868 --> 00:53:11.200
I really think that I've handled things well

1744
00:53:11.200 --> 00:53:12.501
from a business standpoint.

1745
00:53:12.501 --> 00:53:13.801
Somebody who steps forward and

1746
00:53:13.801 --> 00:53:15.100
says, "This is just

1747
00:53:15.100 --> 00:53:16.701
Donald's hype.

1748
00:53:16.701 --> 00:53:18.467
He's a giant hype.

1749
00:53:18.467 --> 00:53:20.300
He hasn't come back.

1750
00:53:20.300 --> 00:53:22.067
Times have turned a little bit around.

1751
00:53:22.067 --> 00:53:24.167
He sold up some assets but it's not the great comeback that he

1752
00:53:24.167 --> 00:53:26.267
believe sit is." You say?

1753
00:53:26.267 --> 00:53:28.501
All they have to do is look at the numbers.

1754
00:53:28.501 --> 00:53:30.434
When you look at the numbers in the casino journals and you look

1755
00:53:30.434 --> 00:53:32.167
at the numbers, it's been a tremendous comeback.

1756
00:53:32.167 --> 00:53:33.734
I'm not saying I'm as far back as I will be in 6 months.

1757
00:53:33.734 --> 00:53:35.167
I'm back.

1758
00:53:35.167 --> 00:53:36.667
I'm not in any trouble.

1759
00:53:36.667 --> 00:53:38.334
I'm doing well.

1760
00:53:38.334 --> 00:53:40.300
I'm making money.

1761
00:53:40.300 --> 00:53:42.033
Money is a score card for me.

1762
00:53:42.033 --> 00:53:43.834
Money is not as important as people would think it would be

1763
00:53:43.834 --> 00:53:45.667
to a guy like me but it is a score card.

1764
00:53:45.667 --> 00:53:47.567
I've really (crosstalk ).

1765
00:53:47.567 --> 00:53:49.667
What is the most important thing

1766
00:53:49.667 --> 00:53:51.701
to a guy like you?

1767
00:53:51.701 --> 00:53:53.767
I think the way I've survived, the quality in

1768
00:53:53.767 --> 00:53:56.033
which I've lived under the survival mode, the image that

1769
00:53:56.033 --> 00:53:58.033
I've portrayed during this survival period.

1770
00:53:58.033 --> 00:53:59.934
People haven't seen me go into a corner and put my thumb in my

1771
00:53:59.934 --> 00:54:01.934
mouth and say, "I give up." This kid doesn't give up.

1772
00:54:01.934 --> 00:54:03.734
Some people did give up.

1773
00:54:03.734 --> 00:54:05.367
I have to tell you, Charlie.

1774
00:54:05.367 --> 00:54:07.067
You're not going to be doing interviews with them.

1775
00:54:07.067 --> 00:54:08.601
Some people did give up.

1776
00:54:08.601 --> 00:54:10.434
Many people gave up.

1777
00:54:10.434 --> 00:54:12.300
Many tough, smart (inaudible ) gave up.

1778
00:54:12.300 --> 00:54:14.200
They just gave up.

1779
00:54:14.200 --> 00:54:15.901
They said, "I can't do it any more." I think the way in which

1780
00:54:15.901 --> 00:54:17.667
I survived was very important to me.

1781
00:54:17.667 --> 00:54:19.234
Part of the comeback, soon

1782
00:54:19.234 --> 00:54:20.901
to be out -- What?

1783
00:54:20.901 --> 00:54:22.234
You're going to be out in the beginning of (crosstalk )?

1784
00:54:22.234 --> 00:54:23.601
3 or 4 months.

1785
00:54:23.601 --> 00:54:24.934
You're writing this alone?

1786
00:54:24.934 --> 00:54:26.300
I'm doing this one alone because I

1787
00:54:26.300 --> 00:54:27.634
really want to

1788
00:54:27.634 --> 00:54:29.200
get my flavor.

1789
00:54:29.200 --> 00:54:30.634
I've had 2 wonderful writers.

1790
00:54:30.634 --> 00:54:32.200
My other books were both Number 1 best-sellers.

1791
00:54:32.200 --> 00:54:33.868
I'm doing this alone.

1792
00:54:33.868 --> 00:54:35.400
I want to get my own flavor.

1793
00:54:35.400 --> 00:54:37.000
It's really become somewhat of a passion because I think people

1794
00:54:37.000 --> 00:54:38.501
are going to learn a lot from it.

1795
00:54:38.501 --> 00:54:39.834
Good to have you.

1796
00:54:39.834 --> 00:54:41.367
I had a good time.

1797
00:54:41.367 --> 00:54:43.000
Thanks very much.

1798
00:54:43.000 --> 00:54:44.734
Thank you.

1799
00:54:44.734 --> 00:54:46.267
Donald Trump is back.

1800
00:54:46.267 --> 00:54:47.934
Thank you for joining us tonight.

1801
00:54:47.934 --> 00:54:49.701
Monday we'll talk with World Series hero Dave (inaudible ).

1802
00:54:49.701 --> 00:54:51.234
Trump would like to hear that.

1803
00:54:51.234 --> 00:54:52.901
Also, a lot of other people will be here.

1804
00:54:52.901 --> 00:54:55.200
We're taking next week an hour with Charlie Kuralt, one of my

1805
00:54:55.200 --> 00:54:57.434
friends from North Carolina.

1806
00:54:57.434 --> 00:54:59.634
A lot more interesting things coming up.

1807
00:54:59.634 --> 
See you Monday.