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New York City.
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Happy New Year!
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At the dawn of the '80s,
it was exploding
with opportunity.
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[newsreader] Boom times.
That's what the numbers
signal today,
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an economy
that's on a roll
in this country.
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A place to seek money,
power, fame.
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Amid the glitz and greed,
five titans seized their moment.
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But by the end of the decade,
that moment had passed
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and we'd put greed behind us
for good.
Or had we?
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The President
of the United States.
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A hot-shot developer
was dodging questions
about soaring debt...
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Trump, the cash crunch.
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...and scandalous behavior.
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Well, she's a fantastic woman,
but I won't say anymore.
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But the tabloids that helped
make him
were about to take him down.
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You have a lot
of very dishonest reporters,
in my opinion.
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A hard-charging prosecutor
had become a candidate
for mayor.
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The word impossible
is just not in my vocabulary.
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But some in the city
were growing tired
of his crusades.
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The people of our town
don't want a prosecutor,
they want a mayor.
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A celebrity don was back
on trial,
feeding a media frenzy.
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The Gotti trial
is the hottest show
off Broadway.
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And when the verdict was read...
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The Teflon is gone,
the don is covered with Velcro.
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[newsreader] Hundreds
of Gotti supporters,
outraged by that sentence,
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tried to storm
the Brooklyn courthouse.
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And while the former
king of Wall Street
was finally headed for jail,
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the Queen of Mean was mounting
a last-ditch effort
to remain a free woman.
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Not guilty, not guilty.
I am innocent.
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That was it.
I'm gonna take you out,
you're gonna take me out.
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This isn't gonna end well.
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I've never seen anybody
so heartbroken in my life.
She was devastated.
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There was almost
a daily feeling
of how crazy this is.
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These larger than life figures
would forever change
our idea of success...
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My new game is Trump, the Game.
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...and excess...
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Forty-two million.
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...and though, at the end
of the 80s, we may have
delighted in their downfall...
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[woman] These are card-carrying,
crashing egotists.
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...our celebration
of their values
was just beginning.
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[interviewer] But you have said
that if you ran for president,
you'd win.
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I think I'd have
a very good chance.
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[dramatic music playing]
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Okay! [applause] He's a man
who is strong, smart, he's done
very well for himself,
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for an ex Chippendale dancer.
I've... oh! [laughs]
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A man who, five minutes
after he got here,
tried to buy our studio.
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So, who is
this famous billionaire?
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[audience] Donald Trump!
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He was the man
with the Midas touch.
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Builder of golden towers,
high-rolling casino operator,
bestselling author,
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myth maker of epic proportions.
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How rich are you,
just basically? [laughs]
Right now?
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Well, it depends
on which magazine you read.
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I mean, how much you got
in your wallet? I wanna see--
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He was also sitting
on a mountain of debt and
an explosive personal secret.
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But with every breathless
news report,
his legend only grew,
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until it really did seem
like his potential
was limitless.
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[Emily Fox] He had
his buildings,
he had his hotels.
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He presented himself,
as he does now,
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as a man
who was incredibly financially
successful.
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Privately, his businesses
were having more trouble
than he would let on.
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He was a guy who thought
he was invincible,
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from a business standpoint
and also
from a personal standpoint.
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And he gets the idea
in his head that he should
be running everything.
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[newsreader] Trump has said,
quite seriously, that he's
a good enough bargainer
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to negotiate
a nuclear disarmament treaty
with the Russians.
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[David Cay Johnston] Donald
first publicly talked
about being president in 1987.
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He knew all he had to do
was keep pressing ahead
and he would have a shot at it.
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You have said that,
if you ran for president,
you'd win.
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I think I'd have
a very good chance.
I mean, I like to win.
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[Michael Kruse] Roger Stone,
a long-time political operative,
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called him a "prime piece
of political horse flesh."
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It was his idea
for Trump to go
to Portsmouth, New Hampshire,
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where he gave a talk
at a Rotary Club
and created quite a stir.
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This country is being taken
such advantage of,
we need strength.
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I mean, you think Gorbachev is
tough. Think of this character
Khomeini. [laughter]
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I mean, this son of a bitch
is something like nobody's
ever seen!
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[Barbara Res] Trump wanted
to create the notion
that he was so competent,
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that he was so great
at what he did
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that he could do the hardest,
most important job
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in the world
and that's being president.
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I love the country, but I think
you're gonna have
probably George Bush
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as your next president.
He's an excellent guy,
an excellent man,
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he's a friend of mine
and I'm here for that reason.
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That was not a serious idea
in the late 80s,
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but it planted a seed
that this guy, a developer
in New York, a celebrity,
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the author of
The Art of the Deal , would be
trafficking in political ideas.
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He was laying groundwork
for what we would see
decades later.
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Good luck, everyone.
Thank you all for being here.
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[Kurt Andersen] Donald Trump
had delusions
of grandeur from the get-go.
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At the same time, big,
legitimate banks
enabled Donald Trump.
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They kept giving him money.
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[Charles Bagli] Donald is
already starting to file
tax returns that would indicate
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he was losing money,
not making money.
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[newsreader] Is Donald Trump
in financial trouble? Some
in the financial community
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are looking for signs
that Trump may be trying
to raise cash
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because of a current,
or anticipated shortage,
caused by heavy debt.
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But in the meantime,
there was a constant flow
of money
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from Wall Street
and from investors.
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So, when the opportunity came
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to grab a hold of the biggest,
most luxurious casino
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in Atlantic City,
The Taj Mahal, he took it.
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Donald Trump today
opened the doors
to his billion-dollar gamble,
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his new Atlantic City casino,
The Taj Mahal.
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[Bagli] It had been under
construction for several years,
it was way over budget,
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but it was supposed to dominate
the whole Atlantic City
gambling scene.
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[newsreader] The Taj Mahal
stretches out over 17 acres
along the boardwalk.
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There's glitz and glitter
galore, $15 million
worth of chandeliers
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and 1200 luxury hotel rooms.
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[Johnston] He buys it
with entirely borrowed money,
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junk bonds $675,
million at 14% interest.
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He's got over a quarter million
dollar a day bill
just for interest on the bonds
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and close to another million
dollars a day to pay all the
other bills of running the place
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and of course,
paying out the few winners
that were out there.
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Johnston Trump executives insist
they can make a million dollars
a day
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the experts say they'll need
just to pay for the casino.
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And that is something
that had never happened
at any casino,
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anywhere in the world
at that point.
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So, it was not just ambitious,
it was stupid.
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I do have a risk,
I do have a financial risk,
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but I have also a reputation
risk and that's very important
to me.
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[Johnston] From day one,
there are hundreds
of contractors and vendors
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who were delivering goods to him
and he's not paying them,
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because he doesn't have
the income to support
all the borrowing he's done.
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And then the day came
when Donald couldn't pay
the monthly payments on his debt
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and it's very clear
that this is going to collapse.
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There was almost a daily feeling
of how crazy this is.
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So, a million dollars a day,
while it sounds
like a lot of money,
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for the building
that we're talking about,
it should be very easily made.
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We realized that Donald
was uncontrollable.
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[dramatic music playing]
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[Giuliani] New York
is a city overwhelmed
by crime, crack, and corruption.
[man] New York City, 1989.
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The fear in our streets, parks,
and subways
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all point to a city
that is out of control!
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He was the avenging US attorney
with an audacious
crime busting record
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and he was now closer than ever
to his ultimate goal
of winning political office.
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With crime rates surging
in 1989,
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no one seemed better suited
to become New York City's
next mayor.
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From a policing perspective,
it's a very violent era.
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This was a very constant topic
of conversation, the level
of violence in the city.
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[Kirtzman] Giuliani ran
as the law-and-order candidate
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and New York needed
more law and order.
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As mayor, I will lead the battle
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to take our streets back,
hearts back, subways back
from the criminals.
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He saw this as an opportunity
to clean up the city.
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[newsreader] Giuliani remains
a major threat to Koch's
chances for a fourth term,
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assuming the mayor survives
the Democratic primary,
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particularly the challenge
from David Dinkins.
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[Kirtzman] David Dinkins
had risen though the ranks
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to become
Manhattan borough president,
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a somewhat powerful job.
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[Ken Auletta] During the primary
race relations were very tender
and Dinkins came in
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as someone
who might be a healer.
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I felt the rise of David Dinkins
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in the context of a series
of racial events
through the age.
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The Michael Stewart incident...
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there was
the Eleanor Bumpurs incident...
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The Howard Beach incident.
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The victims
were three black men
whose car had broken down.
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[Gil Troy] The crime problem,
all too often in New York,
is seen as a racial problem,
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but it's the incidents
where blacks and whites interact
that generate the headlines,
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that generate the tensions.
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A Wall Street investment banker
remains unconscious in very
critical condition tonight
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after a brutal attack
while she was jogging
in Central Park.
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The Central Park jogger case
turned into one
of the biggest rape cases
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we have ever seen
in New York City.
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A young, white woman
was beaten badly,
raped, and left for dead.
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[newsreader] Today, police
arrested four juveniles,
ages 14 through 15,
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all charged
with attempted murder and rape.
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Black and Latino kids...
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Whatever the police
and the prosecutors said
was accepted as fact.
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The horrifying crime
has sparked a new call
for the death penalty,
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this one from billionaire
developer, Donald Trump.
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[Byfield] Donald Trump
takes out an ad
in all the major newspapers,
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calling for the death penalty,
before there's been a trial!
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There's not a thing in the world
wrong with hating
in certain instances
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and you have an instance here
where you have killers roaming
the street, preying on all of us
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He said what he said in that ad
and then he doubled down
in a variety of other places.
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He gave license to think
those things about those kids,
who didn't do it.
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Amid this atmosphere
of racial tension,
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comes the murder
of Yusef Hawkins in Bensonhurst.
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[newsreader] Police say 30 white
teenagers armed with baseball
bats and at least one gun,
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attacked Hawkins
and his three companions.
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This confrontation leads to him
being shot to death.
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[newsreader] In the aftermath
of the killing,
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racial tensions in Bensonhurst
and New York City have mounted.
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It rocks the city.
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[crowd chanting] Bensonhurst!
Bensonhurst!
This is not Johannesburg!
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There are not racists
in this community.
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This is not a racist community,
we just don't like black people,
that's all.
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People were feeling
as if the city was reaching
a point of ungovernability.
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It's not enough for people
to be angry.
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If you don't have somebody bring
a change in policy
and procedures,
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we'll never get ahead.
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Koch was perceived more and more
as a divisive figure,
and that David Dinkins
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might be the solution to this.
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In the minds of many,
we weren't supposed to win
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but nobody told us that.
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After 12 years leading the city
of New York, Ed Koch
will no longer be mayor.
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Instead, David Dinkins,
the president of the borough
of Manhattan,
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is in a position to become
the first black mayor
of the nation's largest city.
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You gave me your votes
and even more, in a tough time,
you gave me your trust.
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00:13:07,120 --> 00:13:11,923
This year, Dinkins faces
strong opposition from former
US Attorney Rudolph Giuliani.
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00:13:12,025 --> 00:13:19,330
On the day I become mayor,
the old political system that is
dragging this city down is out!
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Two candidates were left
to battle it out
for the mayor's seat.
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00:13:23,336 --> 00:13:27,172
One, a seasoned politician
with a message
of harmony and justice.
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00:13:27,274 --> 00:13:32,443
The other, a righteous ex-lawman
with a message
of crime and punishment.
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00:13:32,546 --> 00:13:34,379
Emphasis on the punishment.
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00:13:34,481 --> 00:13:38,516
Giuliani was a US attorney
coming in as a hard-line guy.
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00:13:38,618 --> 00:13:42,187
It's not about being
the nice guy, it's about being
the tough guy.
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00:13:42,289 --> 00:13:45,924
[Kirtzman] For a person
who had mastered
the New York media,
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00:13:46,026 --> 00:13:48,560
Giuliani didn't have
his message together.
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00:13:48,662 --> 00:13:55,066
He had people making
all these allegations relating
to the character of Dinkins.
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00:13:55,168 --> 00:13:59,637
It was clear that Giuliani
would stoop to low levels
to get elected.
215
00:13:59,739 --> 00:14:03,341
Why does David Dinkins
always wait
until he gets caught?
216
00:14:03,443 --> 00:14:07,979
Rudy Giuliani: experience,
integrity, and nobody owns him.
217
00:14:08,081 --> 00:14:14,485
Rudy was a tough campaigner,
but we were pretty good also.
218
00:14:14,588 --> 00:14:19,123
I think the people of our town
don't want a prosecutor,
they want a mayor.
219
00:14:19,226 --> 00:14:22,393
[Guiliani] Well, wait, wait
a second. I think the people
of this town want a mayor
220
00:14:22,495 --> 00:14:24,429
who has nothing to fear
from a prosecutor.
221
00:14:24,531 --> 00:14:27,966
I think it became an issue
of who could really keep
the city under control
222
00:14:28,068 --> 00:14:31,236
and they both were running
with different philosophies.
223
00:14:31,338 --> 00:14:34,239
The people do not want a city
divided against itself.
224
00:14:34,341 --> 00:14:37,308
New York is a city
overwhelmed by crime.
225
00:14:37,410 --> 00:14:41,412
What can unite us is far
stronger than the forces that
can keep us apart. [applause]
226
00:14:41,514 --> 00:14:43,615
Who can reduce crime better?
227
00:14:43,717 --> 00:14:46,784
I know how he feels. I come
from a background of people
that have been excluded.
228
00:14:46,887 --> 00:14:48,653
Who can get the drug problem
under control better?
229
00:14:48,755 --> 00:14:51,356
I propose to be mayor
of all of the people.
230
00:14:51,458 --> 00:14:52,824
Take our city back.
231
00:14:52,926 --> 00:14:54,359
Mayor of all the people.
232
00:14:54,461 --> 00:14:57,528
The word impossible
is just not in my vocabulary.
233
00:14:57,631 --> 00:15:01,199
We owe it to our children
not to give up, give in,
or turn back.
234
00:15:01,301 --> 00:15:05,203
Biggest of all American cities
has a black mayor,
David Dinkins.
235
00:15:05,305 --> 00:15:07,939
Dinkins beat republican
Rudolph Giuliani tonight.
236
00:15:09,676 --> 00:15:14,646
David Dinkins' message
of racial harmony
was the key to that race.
237
00:15:14,748 --> 00:15:18,816
It wasn't the time
for a prosecutor,
it was the time for harmony.
238
00:15:19,619 --> 00:15:23,655
In the end, it was one
of the closest mayoral elections
in the history of New York.
239
00:15:23,757 --> 00:15:28,693
It was close.
You win by one vote,
you're still the winner.
240
00:15:28,795 --> 00:15:31,462
I've just spoken to Major-Elect
David Dinkins.
241
00:15:31,564 --> 00:15:36,534
-[crowd booing]
-No! No! No! No!
242
00:15:36,636 --> 00:15:39,170
Quiet! Quiet!!
243
00:15:41,875 --> 00:15:43,841
Simply put,
this was David Dinkins' time.
244
00:15:43,944 --> 00:15:46,911
In the days ahead,
I will meet with him
and I will reach out
245
00:15:47,013 --> 00:15:48,913
to the many others
across this city.
246
00:15:49,382 --> 00:15:52,517
[Kirtzman] In many ways,
Giuliani's run for mayor
was an embarrassment.
247
00:15:52,619 --> 00:15:56,921
This was a person who had
a very, very strong reputation.
248
00:15:57,023 --> 00:16:01,092
After the loss to Dinkins,
he says that the election
was stolen from him
249
00:16:01,194 --> 00:16:05,863
because a lot of blacks
and Puerto Ricans voted
illegally in the outer boroughs.
250
00:16:05,966 --> 00:16:11,869
There's no evidence, but one
of the defining characteristics
of Rudy Giuliani
251
00:16:11,972 --> 00:16:16,607
is vindictiveness, is a desire
to avenge any kind of defeat.
252
00:16:16,710 --> 00:16:19,210
And you can see that in 1989.
253
00:16:19,479 --> 00:16:25,249
One of the fascinating things
about the Giuliani story is that
it was always hard to tell,
254
00:16:25,352 --> 00:16:28,720
on any given day,
whether this was a good man
or an evil man.
255
00:16:28,822 --> 00:16:32,623
Through the lens of that time,
you would have said
he saw wrong doing
256
00:16:32,726 --> 00:16:36,260
and was determined to punish it
and halt it
by any means necessary.
257
00:16:36,363 --> 00:16:40,031
I think you might look back
and decide maybe
he is a man who really,
258
00:16:40,133 --> 00:16:42,900
in some ways, is no different
than the people he prosecuted.
259
00:16:43,003 --> 00:16:46,971
He just had different tools
in which to exercise
his will to power.
260
00:16:47,073 --> 00:16:52,276
In the totality
of Giuliani's career, there was
too much good and bad.
261
00:16:56,416 --> 00:16:59,650
[journalist] Morning, Mr. Gotti.
What about all this news
of more indictments?
262
00:16:59,753 --> 00:17:01,319
You think the government's
gonna frame you?
263
00:17:01,421 --> 00:17:04,355
You guys [inaudible].
264
00:17:04,457 --> 00:17:08,192
Throughout the late 80s,
New York's most notorious
gangster had captivated
265
00:17:08,294 --> 00:17:12,463
the nation by strutting
for cameras and skillfully
dodging law enforcement.
266
00:17:12,565 --> 00:17:16,267
But, in 1990,
the feds had snagged him again
267
00:17:16,369 --> 00:17:19,537
and this time they had
his own words
to use against him.
268
00:17:21,441 --> 00:17:24,709
Secret FBI tapes
of reputed mob boss, John Gotti,
269
00:17:24,811 --> 00:17:28,212
reveal the dark
and violent world
of the Gambino crime family.
270
00:17:36,256 --> 00:17:38,856
[newsreader] Most
of the discussions
took place in an apartment
271
00:17:38,958 --> 00:17:42,460
two floors above Gotti's
Ravenite social club
in Little Italy,
272
00:17:42,562 --> 00:17:46,631
an apartment that Gotti
had no idea
was bugged by the FBI.
273
00:17:46,733 --> 00:17:51,035
Clearly, the man Gotti considers
his closest ally,
according to the tapes,
274
00:17:51,137 --> 00:17:54,372
is this man,
Sam "Sammy the Bull" Gravano.
275
00:17:54,474 --> 00:17:59,377
About a year or so
before we take them
off the street,
276
00:17:59,479 --> 00:18:02,914
John Gotti made Sammy
the underboss of the family.
277
00:18:03,917 --> 00:18:07,351
Sammy had the reputation
of being a shooter and a killer.
278
00:18:07,454 --> 00:18:10,721
So, he made sure that kind
of stuff got done
for John Gotti.
279
00:18:12,292 --> 00:18:17,562
Right now, Gotti and Gravano
were both behind bars together,
awaiting trial,
280
00:18:17,664 --> 00:18:20,231
and Sammy Bull had had listened
to some of the tapes.
281
00:18:26,739 --> 00:18:30,508
They got the tapes,
'cause they get to listen
to the evidence
282
00:18:30,610 --> 00:18:33,478
that the government's
gonna present,
and Sammy started hearing
283
00:18:33,580 --> 00:18:37,281
what John was saying in some
of the conversations
that he wasn't part of.
284
00:18:43,756 --> 00:18:47,725
Gotti's bad-mouthing Gravano,
Sammy's turning red,
he just wants to burst.
285
00:18:54,267 --> 00:18:59,770
Gotti was basically blaming him
for all the murders
that he was authorizing.
286
00:18:59,873 --> 00:19:04,108
That was it. He and John
were now on the outs and,
you know,
287
00:19:04,210 --> 00:19:07,445
I'm gonna take you out,
you're gonna take me out.
This isn't gonna end well.
288
00:19:07,547 --> 00:19:12,617
And that's what, you know,
put it in his head that he
needed to find another way out.
289
00:19:12,719 --> 00:19:14,218
He pricks your finger.
290
00:19:14,320 --> 00:19:15,386
[man] Who? Who?
291
00:19:15,488 --> 00:19:17,555
The Godfather.
292
00:19:17,657 --> 00:19:20,825
[newsreader] Since Jo Valachi
became the first sworn member
of La Cosa Nostra
293
00:19:20,927 --> 00:19:24,829
to break the code of silence,
only a small handful
of low-level hoods
294
00:19:24,931 --> 00:19:28,900
have chosen to follow
in violating that sacred code
of omertà .
295
00:19:29,636 --> 00:19:34,672
Well, the most significant rule
in the mafia, the rule
that enabled them to prevail
296
00:19:34,774 --> 00:19:38,676
and to succeed for as long
as they did, was the rule
of omertà , that is silence.
297
00:19:38,778 --> 00:19:41,779
You can't rat anyone out.
If you're caught,
you go and do your time,
298
00:19:41,881 --> 00:19:42,780
you keep your mouth shut.
299
00:19:44,584 --> 00:19:47,185
Just now
Sammy "The Bull" Gravano
listened to the tapes.
300
00:19:47,287 --> 00:19:48,753
He knew that his goose
was cooked.
301
00:19:51,057 --> 00:19:54,492
Sammy Bull got the sense
that he could get himself
a good deal.
302
00:19:58,765 --> 00:20:02,333
Sammy sent word
that he wanted to speak to us.
303
00:20:03,770 --> 00:20:06,370
We had to go to the jail
to take him out.
304
00:20:08,741 --> 00:20:12,443
[McDonald] So, they bring down
Sammy, he gets in the car
and we drive to a safe house.
305
00:20:12,545 --> 00:20:18,816
I asked Sammy, says,
"Tell us about the Castellano
body murder." "Okay."
306
00:20:18,918 --> 00:20:23,521
So he just went from A to Z.
I remember drawing a little map
showing East 46th Street.
307
00:20:23,623 --> 00:20:27,558
"I was here with John.
You're the shooters,"
you do the whole thing.
308
00:20:28,428 --> 00:20:31,295
He heard the tapes,
he said,
"Everything's accurate on it.
309
00:20:31,397 --> 00:20:37,835
I mean, you guys have us dead
to rights, but, you know,
he put me in those five murders
310
00:20:37,937 --> 00:20:40,238
and I'm gonna do life for it."
He said,
311
00:20:40,340 --> 00:20:44,075
"And you guys, I can trust you
more than I can trust the mob."
312
00:20:44,177 --> 00:20:46,410
He says,
"I wanna join Team America."
313
00:20:47,547 --> 00:20:51,549
John found out within
that night, word got to him
Sammy had been pulled out
314
00:20:51,651 --> 00:20:54,585
and he knew it was over,
just died inside.
315
00:20:55,088 --> 00:20:58,756
[newsreader] Sammy "The Bull"
Gravano has been transferred
out of a federal prison
316
00:20:58,858 --> 00:21:00,925
and is reportedly talking
to prosecutors--
317
00:21:01,027 --> 00:21:04,362
[newsreader 2] John Gotti's
closest ally,
facing 50 years in prison,
318
00:21:04,464 --> 00:21:06,564
has joined the ranks
of the squealers.
319
00:21:06,666 --> 00:21:12,403
The decision by Sammy Gravano
to testify is certainly
a big, big event.
320
00:21:12,505 --> 00:21:14,538
He knows where all the bodies
are buried.
321
00:21:14,641 --> 00:21:18,175
Every news organization
in the city was covering it.
322
00:21:18,278 --> 00:21:22,446
People inside, people outside
the courthouse, people watching,
people who came.
323
00:21:22,548 --> 00:21:24,782
It was a huge thing.
324
00:21:24,884 --> 00:21:29,587
In New York, the Gotti trial
is the hottest show off Broadway
with spectators lining up
325
00:21:29,689 --> 00:21:34,625
as early as two in the morning,
waiting hours for a chance
to get inside the courtroom.
326
00:21:34,727 --> 00:21:37,995
Mickey Rourke showed up,
Anthony Quinn showed up.
327
00:21:38,097 --> 00:21:41,399
This is one of the great dramas
that's going on today.
328
00:21:41,501 --> 00:21:45,236
A lot of people showed up
to express their, you know,
329
00:21:45,338 --> 00:21:49,073
concern and allegiance
with poor John Gotti,
330
00:21:49,175 --> 00:21:53,744
who was being fingered
by Sammy Gravano, the rat.
331
00:21:57,016 --> 00:22:01,118
The trial of reputed mob leader,
John Gotti, has begun
in New York City.
332
00:22:02,655 --> 00:22:04,955
[Gabriel] When Sammy came out,
you could have cut the air
with a knife.
333
00:22:05,058 --> 00:22:07,758
I mean, it just...
the two of them
stared each other down.
334
00:22:08,728 --> 00:22:11,495
I still think John probably felt
sicker than Sammy.
335
00:22:11,597 --> 00:22:16,534
If looks could kill, there were
two people who would be
falling down dead.
336
00:22:18,404 --> 00:22:22,173
He was a great witness.
John Gotti barked, I bit.
337
00:22:22,275 --> 00:22:26,477
He owned up to the crimes
he committed and he fingered
John Gotti
338
00:22:26,579 --> 00:22:31,816
for the murders
that he authorized and running
the crime family in his image.
339
00:22:31,918 --> 00:22:35,353
He nailed him, you know,
to the cross.
340
00:22:36,022 --> 00:22:40,324
Good morning, everybody.
Mob boss, John Gotti,
is facing life in prison
341
00:22:40,426 --> 00:22:43,260
after being convicted
of all 13 counts against him.
342
00:22:43,363 --> 00:22:47,198
The jury concluded
that he was responsible
for murdering five associates
343
00:22:47,300 --> 00:22:51,001
in the Gambino crime family
and was guilty
of racketeering charges.
344
00:22:52,071 --> 00:22:57,875
[Capeci] When the verdict came
in, he just sat there. He tried
to keep a stiff upper lip,
345
00:22:57,977 --> 00:23:01,712
but he knew
that he was dead in the water,
346
00:23:01,814 --> 00:23:04,982
convicted, and gonna go to jail
for the rest of his life.
347
00:23:05,585 --> 00:23:11,822
The Teflon has gone. The don
is covered with Velcro and every
charge in the indictment stuck.
348
00:23:11,924 --> 00:23:16,193
Outside, hundreds
of Gotti supporters,
outraged by that sentence,
349
00:23:16,295 --> 00:23:18,462
tried to storm
the Brooklyn courthouse.
350
00:23:18,865 --> 00:23:22,199
The immediate reaction was
a bunch of lunatics went down
to the courthouse
351
00:23:22,301 --> 00:23:26,637
and started overturning cars.
And people started
screaming, "Free John Gotti."
352
00:23:29,542 --> 00:23:33,911
John Gotti took power
of the mob at the right time.
353
00:23:34,013 --> 00:23:40,818
He was someone who was
out there when the media
was looking for a godfather.
354
00:23:41,754 --> 00:23:44,255
[Andersen] There was a kind
of nostalgia aspect
355
00:23:44,357 --> 00:23:48,092
to John Gotti
becoming this famous figure
in the 80s.
356
00:23:49,061 --> 00:23:53,364
Mafiosi were regarded
as high-stakes
entertainment figures.
357
00:23:53,466 --> 00:23:55,866
They could kill each other,
they could become famous,
they wear fancy suits
358
00:23:55,968 --> 00:24:00,838
and be on television
all the time. And like,
they're not gonna kill me,
359
00:24:00,940 --> 00:24:03,274
they're not gonna kill
my children, so, like, fine.
360
00:24:03,376 --> 00:24:06,577
[Gabriel] I think John
was a product
of what was going on in the 80s.
361
00:24:06,679 --> 00:24:09,280
The page six stuff
was becoming big.
362
00:24:09,382 --> 00:24:14,618
Just being recognized
on any platform was significant
363
00:24:14,720 --> 00:24:17,755
and he fed into that.
I mean, it consumed him.
364
00:24:17,857 --> 00:24:21,392
[McDonald] I don't know
what Gotti was thinking because
nobody ever gets away with it.
365
00:24:21,494 --> 00:24:24,495
Eventually, they're gonna
get caught, unless they just die
in their own beds.
366
00:24:24,597 --> 00:24:26,931
But I guess he enjoyed
his run while he had it.
367
00:24:27,033 --> 00:24:29,567
All that acclaim and notoriety
and attention.
368
00:24:29,669 --> 00:24:30,968
Something that he craved.
369
00:24:32,505 --> 00:24:37,408
Whatever power the mafia had,
it's gone. The mafia
would never be the same
370
00:24:37,510 --> 00:24:41,479
once John Gotti was put
in charge and then
once he goes away.
371
00:24:48,788 --> 00:24:53,757
Been a big week on Wall Street
all this week. It flirted
with the 3000 mark,
372
00:24:53,860 --> 00:24:58,529
Many of the rich and famous now
are not as rich
and some are infamous.
373
00:24:58,631 --> 00:25:03,634
By 1990, the stock market
may have recovered
from the crash of '87,
374
00:25:03,736 --> 00:25:07,271
but the verdict was in.
Greed was no longer good.
375
00:25:07,373 --> 00:25:11,709
These are card-carrying,
crashing egotists.
376
00:25:11,811 --> 00:25:15,813
The heroes of the 1980s
had become villains
right before our eyes.
377
00:25:15,915 --> 00:25:19,316
[newsreader] Another
fallen mogul with a big ego,
Ivan Boesky.
378
00:25:19,418 --> 00:25:23,721
He bribed people to give him
inside information
and made millions.
379
00:25:23,823 --> 00:25:29,159
[Auletta] Ivan Boesky,
he's not a guy who's gonna be
on a magazine cover ever again.
380
00:25:29,262 --> 00:25:32,963
But he did it.
We're not doing it to him,
he did it,
381
00:25:33,065 --> 00:25:34,832
and therefore
should pay a price.
382
00:25:35,535 --> 00:25:38,002
[newsreader] Boesky served
his time, grew a beard,
383
00:25:38,104 --> 00:25:42,139
and was last seen
testifying against
a former friend in court.
384
00:25:42,241 --> 00:25:44,408
Ivan Boesky, or Dennis Levine,
385
00:25:44,510 --> 00:25:48,379
or some of the other
perpetrators, they were pariahs.
386
00:25:48,481 --> 00:25:53,050
[Madrick] Ivan Boesky
was a tragic figure,
partly because he had talents.
387
00:25:53,152 --> 00:25:58,255
He was very disciplined,
he worked very hard,
but in the end,
388
00:25:58,357 --> 00:26:02,426
the lesson of New York
in the 80s is, greed wins out.
389
00:26:02,528 --> 00:26:06,530
As fate set in and former
masters of the universe
were shamed by the city
390
00:26:06,632 --> 00:26:10,100
that once worshiped them,
one wasn't giving up
without a fight.
391
00:26:10,202 --> 00:26:13,237
Harry and Leona Helmsley,
one of the world's
wealthiest couples,
392
00:26:13,339 --> 00:26:15,940
are charged tonight
with cheating
on their income taxes.
393
00:26:16,042 --> 00:26:19,577
Accompanied by her husband,
Harry, who wasn't well enough
to stand trial,
394
00:26:19,679 --> 00:26:21,912
and pushing her way
through a mob of photographers,
395
00:26:22,014 --> 00:26:24,548
Leona Helmsley arrives
to learn her sentence.
396
00:26:24,650 --> 00:26:26,317
Hang 'em by the toes. [laughs]
397
00:26:26,419 --> 00:26:28,085
I think she should be given
the maximum.
398
00:26:29,755 --> 00:26:34,491
[Devita] Leona Helmsley was
convicted of income tax evasion
and aiding and assisting
399
00:26:34,594 --> 00:26:39,263
in the preparation
of false tax returns. She was
also found guilty for mail fraud
400
00:26:39,365 --> 00:26:42,967
relating to the New York state
income tax return.
401
00:26:43,703 --> 00:26:46,070
[newsreader] Leona Helmsley
won't go to prison right away.
402
00:26:46,172 --> 00:26:49,306
She left court with her husband,
free on bail
to prepare an appeal.
403
00:26:49,408 --> 00:26:53,143
I've done nothing wrong.
I have done nothing wrong.
404
00:26:53,245 --> 00:26:55,579
Leona Helmsley felt
she was innocent.
405
00:26:55,681 --> 00:26:57,414
I'm innocent.
406
00:26:57,516 --> 00:27:00,985
And that she was indicted
only because
"I'm Leona Helmsley."
407
00:27:02,154 --> 00:27:08,392
That had she been a man
in business, she clearly
would have walked
408
00:27:08,494 --> 00:27:10,227
or been elected president.
409
00:27:11,564 --> 00:27:13,497
Once she was indicted,
410
00:27:13,599 --> 00:27:18,302
Leona Helmsley hired
Gerald Feffer to defend her.
He did not win the case.
411
00:27:19,405 --> 00:27:23,173
Of course, he went
from being her hero
to being some awful person,
412
00:27:23,275 --> 00:27:25,476
so she replaced him
with Alan Dershowitz.
413
00:27:25,578 --> 00:27:29,146
[newsreader] Power defense
attorney, Alan Dershowitz,
has promised to take her case
414
00:27:29,248 --> 00:27:31,515
all the way to the Supreme Court
if necessary.
415
00:27:32,218 --> 00:27:38,288
The joke is over! We're talking
about putting
a 71-year-old woman
416
00:27:38,391 --> 00:27:42,593
with an ailing husband in jail!
Enough is enough!
417
00:27:42,695 --> 00:27:47,931
We will file our brief
in three weeks and we will
approve and assert...
418
00:27:48,034 --> 00:27:49,767
-We will win.
-...total innocence.
419
00:27:49,869 --> 00:27:51,635
At the urging
of her new attorney,
420
00:27:51,737 --> 00:27:53,837
the Queen of Mean
embarked on a media tour
421
00:27:53,939 --> 00:27:56,173
to rehabilitate
her public image...
422
00:27:56,275 --> 00:27:58,976
or at least let them know
how unfairly she'd been treated.
423
00:27:59,078 --> 00:28:02,980
I got a $25 million bail.
424
00:28:03,082 --> 00:28:08,018
There's a man in Milwaukee
that chops up people
and eats them.
425
00:28:08,354 --> 00:28:12,222
Revolting story.
He got a million dollar's bail.
426
00:28:12,324 --> 00:28:15,392
I've done nothing and look
what they have done to us.
427
00:28:15,494 --> 00:28:18,028
I did not do anything.
428
00:28:18,130 --> 00:28:20,497
Not guilty, not guilty,
not guilty. I am innocent.
429
00:28:20,599 --> 00:28:24,368
Why she was going on television
was to gain sympathy,
430
00:28:24,470 --> 00:28:28,238
but you have to first apologize,
which she never did.
431
00:28:28,340 --> 00:28:31,642
Leona blamed everybody
for her own problems.
432
00:28:31,744 --> 00:28:34,745
She blamed the prosecutor,
Rudolph Giuliani.
433
00:28:34,847 --> 00:28:37,181
...is out to get you, Leona?
434
00:28:37,283 --> 00:28:41,985
Oh yes. Mr Giuliani, there is
no question about it. I was
a great stepping stone for him.
435
00:28:42,588 --> 00:28:48,192
[Bagli] She blamed the ad
company that developed the whole
"Queen of the Hotels."
436
00:28:48,294 --> 00:28:54,531
I think, for those that were
more steeped in Leonaism,
it was the perfect expression.
437
00:28:54,934 --> 00:29:00,370
The Queen of the Mean,
because she was such
an unloving personality.
438
00:29:01,741 --> 00:29:05,876
She was, in the perception
of society, gratuitously cruel.
439
00:29:05,978 --> 00:29:11,849
She really defined
the archetypal paranoid bully.
440
00:29:11,951 --> 00:29:14,518
And that was her downfall.
441
00:29:17,123 --> 00:29:19,723
[newsreader] She's 71,
she's given millions to charity.
442
00:29:19,825 --> 00:29:23,427
Her husband is gravely ill
and she's on her way to prison.
443
00:29:24,263 --> 00:29:30,434
[Plaskin] She paid a seven
million dollar fine, she was
convicted to four years in jail,
444
00:29:30,536 --> 00:29:34,872
and 250 hours
of community service.
445
00:29:34,974 --> 00:29:37,474
[newsreader] The judge has
ordered her to begin serving
her four-year
446
00:29:37,576 --> 00:29:41,712
tax evasion sentence,
ironically, on April 15,
tax day.
447
00:29:42,982 --> 00:29:45,949
[singing] Everything we've heard
about her is absolutely vile.
448
00:29:46,051 --> 00:29:52,289
From the testimony tit-bits
from her terrible trial.
But her reign of terror is over,
449
00:29:52,391 --> 00:29:55,459
'cause Leona's going to, yes,
any day, she's going to--
450
00:29:55,561 --> 00:30:00,497
Leona's going to jail!
451
00:30:04,370 --> 00:30:06,403
EvI wonder what Trump's game,
is this time?
452
00:30:06,505 --> 00:30:08,672
Mr. Trump! Mr. Trump, Mr. Trump.
Mr. Trump, please.
453
00:30:08,774 --> 00:30:10,707
My new game is Trump, the Game.
454
00:30:10,810 --> 00:30:15,078
Trump, the Game. It's not
whether you win or lose,
it's whether you win.
455
00:30:15,181 --> 00:30:17,347
-Yes!
-I think you'll like it.
456
00:30:17,449 --> 00:30:21,051
For years, the developer
turned super star
had been tempting fate
457
00:30:21,153 --> 00:30:26,256
in matters both professional
and personal, and now
they were coming to a head.
458
00:30:26,358 --> 00:30:29,359
In Atlantic City, his casinos
were teetering on the edge,
459
00:30:29,461 --> 00:30:31,929
while his marriage
was on equally shaky ground.
460
00:30:32,031 --> 00:30:37,034
By the late 80s, he wants more
and more and more
in terms of objects,
461
00:30:37,136 --> 00:30:41,605
totems of wealth.
But he also wants somebody else.
462
00:30:41,707 --> 00:30:45,709
[newsreader] We think that's her
on the right, or at least
Donald Trump brought a woman
463
00:30:45,811 --> 00:30:49,947
who looks a lot like Marla
to a party thrown
by Ted Tuner in 1988.
464
00:30:50,049 --> 00:30:56,486
[Kruse] He was stowing
Marla Maples
in his casinos, in his hotels.
465
00:30:56,589 --> 00:30:59,423
Eventually this would
all come to light.
466
00:31:02,328 --> 00:31:06,196
The chatter is getting louder
and louder and louder.
Then the story broke.
467
00:31:06,298 --> 00:31:09,299
One of the nation's
most publicly married couples
468
00:31:09,401 --> 00:31:11,635
is heading
for a very public divorce.
469
00:31:11,737 --> 00:31:15,606
He was accused of consorting
with an attractive young woman
named Marla Maples.
470
00:31:15,708 --> 00:31:18,008
Lurid newspaper headlines
made much of that.
471
00:31:18,110 --> 00:31:23,513
There is really nothing
more Trumpian than the way
their divorce played out.
472
00:31:23,616 --> 00:31:28,619
And it was all dished out
and eaten up by the tabloids.
473
00:31:30,990 --> 00:31:33,824
Marla Maples saying,
"The best sex I ever had."
474
00:31:33,926 --> 00:31:37,127
If that was said
about most human beings,
475
00:31:37,229 --> 00:31:40,664
they would not get out of bed
that day. Donald Trump
glorified in it.
476
00:31:40,766 --> 00:31:42,466
He said, "This is wonderful!"
477
00:31:42,568 --> 00:31:46,270
Well, she's a fantastic woman,
but I won't say any more
on that.
478
00:31:46,372 --> 00:31:47,971
We're here to cover
a boxing match.
479
00:31:49,608 --> 00:31:53,844
I mean, Ivana was... I've never
seen anybody so heartbroken
in my life as she was.
480
00:31:53,946 --> 00:31:56,480
She was devastated.
481
00:31:56,582 --> 00:31:58,448
Poor thing!
482
00:31:58,550 --> 00:32:01,451
[newsreader] Some people think
this first celebrity divorce
of the 90s
483
00:32:01,553 --> 00:32:04,321
is something serious
being turned into a circus.
484
00:32:04,423 --> 00:32:06,323
No matter who it is,
separations are sad.
485
00:32:06,425 --> 00:32:12,396
Ultimately, I think Ivana won.
She was this sympathetic figure
486
00:32:12,498 --> 00:32:17,334
who had been wronged
by her husband who was bragging
about his affair
487
00:32:17,436 --> 00:32:22,039
with another woman. It was not
the best look for him.
It was sort of the moment
488
00:32:22,141 --> 00:32:27,010
where he lost control
of his ability to dictate
what the narrative would be
489
00:32:27,112 --> 00:32:30,347
and that irked him more
than just about anything.
490
00:32:30,449 --> 00:32:34,184
You have a lot of very dishonest
reporters, in my opinion.
And I mean dishonest.
491
00:32:34,286 --> 00:32:37,554
I'm not talking about they're
slightly off, I mean
they are totally dishonest,
492
00:32:37,656 --> 00:32:39,690
where they'll report things
knowingly that they're wrong.
493
00:32:39,792 --> 00:32:45,362
It is this demarcation point
when we learn that Trump's
gonna get divorced
494
00:32:46,298 --> 00:32:50,867
and Trump actually
is probably not nearly
as rich as we thought.
495
00:32:51,637 --> 00:32:57,941
Stuff starts to unravel
pretty quickly for Trump
in 1990.
496
00:33:00,079 --> 00:33:01,912
[Johnston] He can't pay
the interest payments
497
00:33:02,014 --> 00:33:04,548
on The Taj Mahal,
his newest casino.
498
00:33:04,650 --> 00:33:10,387
The Trump Shuttle collapses.
He can't run the Plaza Hotel
in New York
499
00:33:10,489 --> 00:33:12,055
that he grossly overpaid for.
500
00:33:12,157 --> 00:33:15,459
Within months, this was not
a viable enterprise.
501
00:33:15,561 --> 00:33:20,263
[newsreader] Donald could even
lose the dome of his new
gambling casino, The Taj Mahal.
502
00:33:20,366 --> 00:33:23,367
He hasn't finished paying
for it and there's talk
503
00:33:23,469 --> 00:33:26,036
that the contractor
might repossess it.
504
00:33:26,271 --> 00:33:28,805
[newsreader 2]
The Trump Organization, one of
the glitziest companies
505
00:33:28,907 --> 00:33:31,975
in America, confirmed today
that it is in meetings
with bankers
506
00:33:32,077 --> 00:33:34,378
in an attempt to reorganize
its vast debt.
507
00:33:34,480 --> 00:33:38,982
Over 1000 lawyers were working
on this case.
508
00:33:39,084 --> 00:33:43,320
A thousand lawyers trying
to sort out Donald Trump's
finances.
509
00:33:43,422 --> 00:33:46,556
The New Jersey Casino Control
Commission has unanimously
approved
510
00:33:46,658 --> 00:33:51,461
Donald Trump's bail out plan.
That plan allows him to use
his three Atlantic City casinos
511
00:33:51,563 --> 00:33:54,731
as collateral
for a $65 million loan.
512
00:33:54,833 --> 00:34:00,070
He borrowed so brazenly
that he was, in effect,
too big to fail.
513
00:34:00,172 --> 00:34:02,339
The banks did not let him
go down.
514
00:34:02,441 --> 00:34:07,010
The banks can't afford
to let him go broke.
Katie, they would go broke,
515
00:34:07,112 --> 00:34:11,314
so they've got to let The Donald
be The Donald.
516
00:34:11,417 --> 00:34:15,786
After casino regulators approved
Donald Trump's out-of-court
corporate bankruptcy
517
00:34:15,888 --> 00:34:18,088
that he doesn't wanna call
bankruptcy, what does he do?
518
00:34:18,190 --> 00:34:20,791
He walks out in front
of the cameras and goes, this is
a great day for Donald Trump.
519
00:34:20,893 --> 00:34:22,692
This is a huge victory.
520
00:34:22,795 --> 00:34:24,795
We had a great victory,
I'm as happy as hell.
Thank you very much.
521
00:34:24,897 --> 00:34:27,297
[Johnston] Well, you know what?
It was! He didn't have to pay
people back
522
00:34:27,399 --> 00:34:32,269
and he walked away
a wealthy man, leaving
all this damage behind him.
523
00:34:32,371 --> 00:34:35,038
His empire is saved,
at least temporarily.
524
00:34:35,140 --> 00:34:37,607
But his public image
ain't what it used to be.
525
00:34:41,113 --> 00:34:46,183
[Carswell] After he was exposed,
it was time for America
not to take him as seriously
526
00:34:46,285 --> 00:34:48,952
as we once did in the 1980s.
527
00:34:50,222 --> 00:34:52,889
[Auletta] There was
a good reason to think,
by the early 90s,
528
00:34:52,991 --> 00:34:59,463
that Donald Trump's time
had passed. He's not the success
he claims to be, it was over.
529
00:34:59,565 --> 00:35:02,399
He was not in exile, exactly,
530
00:35:02,501 --> 00:35:07,070
but considered to be
a little bit closer to a clown.
531
00:35:07,773 --> 00:35:11,475
He was just a guy who was famous
and had crazy hair.
532
00:35:12,311 --> 00:35:15,812
[singing] Green Acres
is the place to be.
533
00:35:15,914 --> 00:35:19,349
Farm living is the life for me!
534
00:35:19,451 --> 00:35:22,385
Mr. and Mrs. Donald Trump.
535
00:35:22,488 --> 00:35:28,992
Donald Trump would show up
sort of randomly in cameos
in television shows, in movies.
536
00:35:29,094 --> 00:35:32,429
And in one of the Home Alone
sequels, all of a sudden
there's Donald Trump.
537
00:35:32,531 --> 00:35:36,500
-Excuse me, where's the lobby?
-Down the hall and to the left.
-Thanks.
538
00:35:36,602 --> 00:35:39,169
[Kruse] Anything
to keep himself going.
539
00:35:40,606 --> 00:35:47,177
You know, when people ask me,
"Well, what are his virtues?"
Indefatigable...
540
00:35:47,279 --> 00:35:52,282
[announcer] Hey, look at this!
Donald Trump!
Donald Trump! [laughs]
541
00:35:52,384 --> 00:35:53,550
[Schwartz] ...relentless.
542
00:35:53,652 --> 00:35:56,386
[announcer]
The hostile take-over
of Donald Trump!
543
00:35:56,488 --> 00:36:01,725
Here he was, last man standing,
and that was the story
that he told.
544
00:36:01,827 --> 00:36:06,129
And pretty soon, people forgot
about all the problems.
545
00:36:07,099 --> 00:36:12,235
[Kruse] The most important thing
Donald Trump learned was not
to change his ways.
546
00:36:12,337 --> 00:36:16,239
It was not to be
more responsible with money.
547
00:36:16,341 --> 00:36:19,943
It was, "I can't be killed,
I'm too big to fail."
548
00:36:20,045 --> 00:36:24,281
In spite of all the excesses
of the 80s,
he survived in the 90s
549
00:36:24,383 --> 00:36:30,887
because of those excesses.
What a take-away.
550
00:36:41,767 --> 00:36:44,668
se of us old enough
to remember the 1970s,
551
00:36:45,437 --> 00:36:49,573
when we wander
around New York today,
we drive our children crazy.
552
00:36:50,442 --> 00:36:57,414
It used to be so dirty!
It used to be so dangerous.
It used to be decaying.
553
00:37:03,322 --> 00:37:07,924
And all of a sudden it's
as if Cinderella's
fairy god mother came
554
00:37:08,026 --> 00:37:13,597
and eliminated crime
and eliminated grime and made
towers grow and made a city
555
00:37:13,699 --> 00:37:17,067
that looked like it was
on its way to becoming
the ash heap of history
556
00:37:17,169 --> 00:37:19,402
into the next great center
of civilization.
557
00:37:21,940 --> 00:37:24,541
And yet, those things
come with a cost.
558
00:37:24,943 --> 00:37:28,778
And New York City not only
symbolizes all the great
that occurred in the 1980s,
559
00:37:28,880 --> 00:37:31,748
but the underlying hangover
from the 1980s.
560
00:37:34,620 --> 00:37:39,089
[Sorkin] In the 80s, the idea
of the American dream
was transported.
561
00:37:39,191 --> 00:37:44,861
It became an individual dream.
It was about individual success
and individual power.
562
00:37:45,364 --> 00:37:49,866
And we didn't, unfortunately,
care enough about how they
attained that success
563
00:37:49,968 --> 00:37:51,568
and how they attained
that wealth.
564
00:37:52,504 --> 00:37:57,040
The American dream
actually is very deceiving.
565
00:37:57,843 --> 00:38:02,379
The self-flattering idea
of America is a place
where you play by the rules
566
00:38:02,481 --> 00:38:08,652
and you're industrious,
you'll do well. Well, here are
all these people
567
00:38:08,754 --> 00:38:15,058
who became unreasonably,
fabulously, financially
successful by breaking the rules
568
00:38:15,160 --> 00:38:19,062
You will lie, you will cheat,
you will steal,
you will back-stab
569
00:38:19,164 --> 00:38:21,431
'cause doing it the right way
takes too long.
570
00:38:21,533 --> 00:38:28,371
[newsreader] Money. Who's got
it? Is there an unelected elite
that rules our town?
571
00:38:28,473 --> 00:38:33,843
[Mahler] In the moment,
it may seem as though
it was just a temporary change,
572
00:38:33,945 --> 00:38:37,947
that America kind of lost
its mind for a few years
there in the 1980s.
573
00:38:38,050 --> 00:38:40,250
That all these people
got their comeuppance.
574
00:38:40,352 --> 00:38:43,320
Whether it's Ivan Boesky,
who became a pariah,
575
00:38:43,922 --> 00:38:48,458
Donald Trump, whose company
went bankrupt before, of course,
reinventing himself,
576
00:38:48,560 --> 00:38:52,429
Leona Helmsley, who becomes
a figure of total ridicule,
577
00:38:52,531 --> 00:38:55,365
John Gotti,
who finally gets nailed,
578
00:38:55,467 --> 00:38:58,601
and Rudy Giuliani,
who was ruthlessly ambitious,
579
00:38:58,704 --> 00:39:01,805
who lost his first mayoral race
in 1989.
580
00:39:01,907 --> 00:39:06,509
What seemed like kind of
a fleeting moment is in fact
a defining moment
581
00:39:06,611 --> 00:39:10,547
because the legacy
of those years are what
we are living with now.
582
00:39:10,649 --> 00:39:14,718
This obsession with wealth,
with celebrity.
This sort of turning away
583
00:39:14,820 --> 00:39:19,189
from the idea that it's part
of your job as a citizen
to take care of other people.
584
00:39:20,425 --> 00:39:24,728
Today, there is so much anger
spilled about the Kardashians
585
00:39:25,030 --> 00:39:28,732
and Instagram influencers,
how they have corrupted society,
586
00:39:28,834 --> 00:39:31,167
how these people don't deserve
to be successful.
587
00:39:31,269 --> 00:39:35,138
It's all based on nothing
and based on a lie.
But what we're seeing today,
588
00:39:35,240 --> 00:39:37,907
it started in New York
in the 80s
589
00:39:38,009 --> 00:39:42,645
by people who were
also making up
their own realities,
590
00:39:42,748 --> 00:39:45,215
exaggerating
their own successes.
591
00:39:45,317 --> 00:39:49,486
Greedy in a way
that we had never seen before
592
00:39:49,588 --> 00:39:53,790
and willing to do whatever
it took in order to propagate
these myths.
593
00:39:56,094 --> 00:40:01,197
Wall Street, it's still fueled
by the greed, by fear,
by testosterone.
594
00:40:01,299 --> 00:40:04,901
And so we can sit here
and talk about Ivan Boesky
and Michael Milkin
595
00:40:05,003 --> 00:40:08,538
and young people
beside the TV can say,
"Who the heck are those guys?"
596
00:40:08,640 --> 00:40:13,243
Well, the same guys
that are working on Wall Street
today, it's all the same.
597
00:40:13,345 --> 00:40:14,944
It's all the same,
just different names.
598
00:40:15,747 --> 00:40:18,381
[James B. Stewart] And,
we had another huge round
599
00:40:18,483 --> 00:40:23,286
of insider trading scandals,
again, in the 2000s.
600
00:40:24,022 --> 00:40:26,289
There is something about it,
601
00:40:26,391 --> 00:40:31,127
about the risk-free potential
to make so much money,
602
00:40:31,229 --> 00:40:34,097
that some people
just find irresistible.
603
00:40:37,169 --> 00:40:41,438
[Sorkin] I think, today,
we see the underbelly of it.
604
00:40:41,540 --> 00:40:46,309
We see that so much of it
was about smoke and mirrors,
was a house of cards.
605
00:40:46,411 --> 00:40:50,146
And I think that's been
a real punch to the gut
for a lot of people.
606
00:40:50,248 --> 00:40:53,450
[crowd chanting] We want
the 99 percent!
607
00:40:53,552 --> 00:40:56,486
[newsreader] Hundreds
have occupied Wall Street.
Protesters gathered--
608
00:40:56,588 --> 00:40:59,322
[crowd chanting]
I can't breathe!
I can't breathe!
609
00:40:59,424 --> 00:41:04,461
[newsreader] People spilling
into the streets, their message
underscored with star power.
610
00:41:05,363 --> 00:41:08,298
[Troy] There's so much anger
and so much alienation
611
00:41:08,400 --> 00:41:11,468
and so much fear
and so much partisanship.
612
00:41:11,570 --> 00:41:14,938
That great disconnect of today
is rooted in the 1980s.
613
00:41:15,640 --> 00:41:17,707
It's rooted in the high
and the low.
614
00:41:17,809 --> 00:41:22,412
It's rooted in the great excess
that also meant that we
no longer judged ourselves
615
00:41:22,514 --> 00:41:25,682
by normal standards,
by our neighbor's standards,
but by celebrity standards,
616
00:41:25,784 --> 00:41:28,485
and it came at the cost
of our souls.
617
00:41:32,824 --> 00:41:36,125
So, as we wander
around New York City
in the 21st century,
618
00:41:36,228 --> 00:41:40,363
we start seeing symbols
of the American Dream
with an asterisk,
619
00:41:40,465 --> 00:41:44,767
the American Dream tarnished,
the American Dream at what cost?
620
00:42:17,536 --> 00:42:19,736
No, it isn't truth.
Truth isn't truth.
621
00:42:27,479 --> 00:42:31,848
I, Donald John Trump,
do solemnly swear--