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1 | 00:00:00,830 | 00:00:02,230 | New York City. | New York City. |
2 | 00:00:02,330 | 00:00:04,800 | Happy new year! | Happy new year! |
3 | 00:00:04,900 | 00:00:08,340 | At the dawn of the 80s, it was exploding with opportunity. | At the dawn of the 80s, it was exploding with opportunity. |
4 | 00:00:09,240 | 00:00:11,510 | [newsreader] Boom times, that's what the markets signal today. | [newsreader] Boom times, that's what the markets signal today. |
5 | 00:00:11,610 | 00:00:14,440 | An economy that's on a roll in this country. | An economy that's on a roll in this country. |
6 | 00:00:14,540 | 00:00:18,250 | A place to seek money, power, fame. | A place to seek money, power, fame. |
7 | 00:00:18,350 | 00:00:22,650 | Amid the glitz and greed, five titans seized their moment. | Amid the glitz and greed, five titans seized their moment. |
8 | 00:00:24,490 | 00:00:27,990 | But in 1987, the boom times came to a halt. | But in 1987, the boom times came to a halt. |
9 | 00:00:28,090 | 00:00:31,660 | And with the party over, the backlash began. | And with the party over, the backlash began. |
10 | 00:00:31,760 | 00:00:34,260 | A Wall Street cheat found his reputation in ruins. | A Wall Street cheat found his reputation in ruins. |
11 | 00:00:34,360 | 00:00:37,630 | [newsreader] Boesky admitted to profiting from insider trading. | [newsreader] Boesky admitted to profiting from insider trading. |
12 | 00:00:37,730 | 00:00:39,630 | And decided he wouldn't go down alone. | And decided he wouldn't go down alone. |
13 | 00:00:39,740 | 00:00:42,640 | Boesky ratted out everybody. | Boesky ratted out everybody. |
14 | 00:00:42,740 | 00:00:45,540 | A Hotel Queen faced a city full of angry subjects. | A Hotel Queen faced a city full of angry subjects. |
15 | 00:00:45,640 | 00:00:47,270 | And I hope she gets everything that comes to her. | And I hope she gets everything that comes to her. |
16 | 00:00:47,380 | 00:00:49,040 | And a future behind bars. | And a future behind bars. |
17 | 00:00:49,150 | 00:00:51,280 | She had been indicted on a great many counts. | She had been indicted on a great many counts. |
18 | 00:00:51,380 | 00:00:52,880 | I'm innocent. | I'm innocent. |
19 | 00:00:52,980 | 00:00:55,280 | A gilded gangster continued to taunt the feds. | A gilded gangster continued to taunt the feds. |
20 | 00:00:55,380 | 00:00:57,620 | He was just out there, thumbing his nose at law enforcement. | He was just out there, thumbing his nose at law enforcement. |
21 | 00:00:57,720 | 00:00:59,720 | Even as he handed them a smoking gun. | Even as he handed them a smoking gun. |
22 | 00:00:59,820 | 00:01:03,490 | Tape recorded conversations were a gold mine for the FBI, they were a jackpot. | Tape recorded conversations were a gold mine for the FBI, they were a jackpot. |
23 | 00:01:03,590 | 00:01:06,460 | And while a politically minded prosecutor pounced on them all... | And while a politically minded prosecutor pounced on them all... |
24 | 00:01:06,560 | 00:01:10,730 | Giuliani earned this reputation as this law and order person. | Giuliani earned this reputation as this law and order person. |
25 | 00:01:10,830 | 00:01:14,200 | If you violate the law, you go to prison. | If you violate the law, you go to prison. |
26 | 00:01:14,300 | 00:01:16,570 | A developer from Queens kept pushing his luck. | A developer from Queens kept pushing his luck. |
27 | 00:01:16,670 | 00:01:21,180 | Eventually, word started to get out. It was time to take him down. | Eventually, word started to get out. It was time to take him down. |
28 | 00:01:28,250 | 00:01:31,450 | It was a toxic wind that was ripe to blow up. | It was a toxic wind that was ripe to blow up. |
29 | 00:01:32,820 | 00:01:38,930 | He said, "I wish you could see her naked." Even today, it makes me uncomfortable. | He said, "I wish you could see her naked." Even today, it makes me uncomfortable. |
30 | 00:01:39,030 | 00:01:44,570 | These five titans would reshape the city and the world we live in today. | These five titans would reshape the city and the world we live in today. |
31 | 00:01:44,670 | 00:01:47,900 | But as the 90s neared, they'd finally face their day of reckoning. | But as the 90s neared, they'd finally face their day of reckoning. |
32 | 00:01:48,000 | 00:01:49,870 | -Are you surprised? -No comment. | -Are you surprised? -No comment. |
33 | 00:01:49,970 | 00:01:52,440 | And empires would fall. | And empires would fall. |
34 | 00:01:52,540 | 00:01:54,880 | We are very honorable people. | We are very honorable people. |
35 | 00:02:18,470 | 00:02:20,530 | [shouting] | [shouting] |
36 | 00:02:20,640 | 00:02:25,740 | Black Monday, October 19th, 1987 when the stock market went into a free fall. | Black Monday, October 19th, 1987 when the stock market went into a free fall. |
37 | 00:02:26,480 | 00:02:29,980 | Today's precipitous plunge struck fear in the hearts and pocket books | Today's precipitous plunge struck fear in the hearts and pocket books |
38 | 00:02:30,080 | 00:02:31,450 | of even Wall Street veterans. | of even Wall Street veterans. |
39 | 00:02:31,550 | 00:02:35,120 | The market is now down 221 points. | The market is now down 221 points. |
40 | 00:02:35,220 | 00:02:36,550 | Does that make you nervous? | Does that make you nervous? |
41 | 00:02:36,650 | 00:02:38,290 | No, I died already. | No, I died already. |
42 | 00:02:38,390 | 00:02:41,560 | Black Monday was the inflection point at which all of a sudden | Black Monday was the inflection point at which all of a sudden |
43 | 00:02:41,660 | 00:02:44,630 | the party screeched to a halt. | the party screeched to a halt. |
44 | 00:02:44,730 | 00:02:48,100 | [newsreader] In trading rooms on Wall Street there was panic. | [newsreader] In trading rooms on Wall Street there was panic. |
45 | 00:02:48,200 | 00:02:51,600 | Sell orders flooded in from big institutional investors, | Sell orders flooded in from big institutional investors, |
46 | 00:02:51,700 | 00:02:54,300 | from private investors. From mutual funds. | from private investors. From mutual funds. |
47 | 00:02:55,070 | 00:02:57,500 | A bull market that had gone on too far and too long | A bull market that had gone on too far and too long |
48 | 00:02:57,610 | 00:03:01,140 | without enough corrections suddenly just went down. | without enough corrections suddenly just went down. |
49 | 00:03:01,240 | 00:03:06,510 | [newsreader] The largest drop in stock market history, falling 508 points on the Dow. | [newsreader] The largest drop in stock market history, falling 508 points on the Dow. |
50 | 00:03:06,880 | 00:03:11,020 | It was this absolutely terrifying event where the market was plummeting | It was this absolutely terrifying event where the market was plummeting |
51 | 00:03:11,120 | 00:03:13,350 | and it didn't feel like it would ever stop. | and it didn't feel like it would ever stop. |
52 | 00:03:13,460 | 00:03:18,660 | [newsreader] More than 604 million shares changed hands with the decline of 22.6 percent | [newsreader] More than 604 million shares changed hands with the decline of 22.6 percent |
53 | 00:03:18,760 | 00:03:23,330 | far greater than the single-day loss of 1929 which ignited The Great Depression. | far greater than the single-day loss of 1929 which ignited The Great Depression. |
54 | 00:03:23,430 | 00:03:26,270 | Panic, complete panic. Everyone's going crazy. | Panic, complete panic. Everyone's going crazy. |
55 | 00:03:31,510 | 00:03:33,870 | What happens when everybody tries to leave the room at the same time? | What happens when everybody tries to leave the room at the same time? |
56 | 00:03:33,980 | 00:03:38,380 | Well, nobody can get out. And that's the 1987 crash in a nutshell. | Well, nobody can get out. And that's the 1987 crash in a nutshell. |
57 | 00:03:38,480 | 00:03:42,980 | There were moments where Washington bureaucrats believed that not only | There were moments where Washington bureaucrats believed that not only |
58 | 00:03:43,090 | 00:03:46,150 | Wall Street but the American economy could melt down. | Wall Street but the American economy could melt down. |
59 | 00:03:46,260 | 00:03:50,460 | The chastening that everybody who went through Black Monday went through. | The chastening that everybody who went through Black Monday went through. |
60 | 00:03:50,560 | 00:03:56,200 | There was a new found caution that it instilled in everybody I knew on Wall Street. | There was a new found caution that it instilled in everybody I knew on Wall Street. |
61 | 00:03:56,300 | 00:04:04,070 | We'd now seen what was possible when the confetti years suddenly turned dark. | We'd now seen what was possible when the confetti years suddenly turned dark. |
62 | 00:04:04,170 | 00:04:08,140 | It was a devastating blow to public confidence in the markets. | It was a devastating blow to public confidence in the markets. |
63 | 00:04:08,240 | 00:04:13,180 | But it wasn't the first. For months, a drum beat of revelations had cast a shadow | But it wasn't the first. For months, a drum beat of revelations had cast a shadow |
64 | 00:04:13,280 | 00:04:18,350 | on Wall Street. Starting with the spectacular collapse of an arbitrager. | on Wall Street. Starting with the spectacular collapse of an arbitrager. |
65 | 00:04:18,450 | 00:04:21,150 | [newsreader] Ivan Boesky came to the US District Court today | [newsreader] Ivan Boesky came to the US District Court today |
66 | 00:04:21,260 | 00:04:23,520 | squeezed into a Japanese compact car. | squeezed into a Japanese compact car. |
67 | 00:04:23,830 | 00:04:27,830 | He's already paid 100 million in penalties for insider trading violations, | He's already paid 100 million in penalties for insider trading violations, |
68 | 00:04:27,930 | 00:04:33,330 | is barred from the securities industry for life, disbarred, and, his lawyer says, broke. | is barred from the securities industry for life, disbarred, and, his lawyer says, broke. |
69 | 00:04:34,100 | 00:04:39,740 | [Sorkin] The Boesky story represented this rags-to-riches guy who came from nothing | [Sorkin] The Boesky story represented this rags-to-riches guy who came from nothing |
70 | 00:04:39,840 | 00:04:44,180 | who rode the Wall Street wave. He became emblematic | who rode the Wall Street wave. He became emblematic |
71 | 00:04:44,280 | 00:04:48,450 | of what Wall Street was in the 1980s and the idea that he was rubbing | of what Wall Street was in the 1980s and the idea that he was rubbing |
72 | 00:04:48,550 | 00:04:52,620 | his success in people's faces 'cause he was so out there with his success, | his success in people's faces 'cause he was so out there with his success, |
73 | 00:04:52,720 | 00:04:58,360 | he was so public about his success. When he came undone, the lips curled. | he was so public about his success. When he came undone, the lips curled. |
74 | 00:04:58,460 | 00:05:01,260 | People smiled. The schadenfreude was thick. | People smiled. The schadenfreude was thick. |
75 | 00:05:04,770 | 00:05:08,470 | [inaudible] | [inaudible] |
76 | 00:05:11,110 | 00:05:13,070 | [Stewart] When Boesky agreed to plead guilty, | [Stewart] When Boesky agreed to plead guilty, |
77 | 00:05:13,180 | 00:05:15,940 | he knew he's be sentenced to some kind of prison term. | he knew he's be sentenced to some kind of prison term. |
78 | 00:05:16,050 | 00:05:18,380 | Depending on the value of his cooperation. | Depending on the value of his cooperation. |
79 | 00:05:18,480 | 00:05:23,080 | [Madrick] Boesky decided to cooperate 'cause he didn't think he had any way to fight it out. | [Madrick] Boesky decided to cooperate 'cause he didn't think he had any way to fight it out. |
80 | 00:05:23,190 | 00:05:25,950 | He was guilty and he wanted to save his ass. | He was guilty and he wanted to save his ass. |
81 | 00:05:26,060 | 00:05:32,960 | [newsreader] Boesky faces up to five years in prison and a fine of $250,000. | [newsreader] Boesky faces up to five years in prison and a fine of $250,000. |
82 | 00:05:33,060 | 00:05:35,630 | It had been a remarkable run for the kid from Detroit. | It had been a remarkable run for the kid from Detroit. |
83 | 00:05:35,730 | 00:05:38,170 | But now he knew it had come to an end. | But now he knew it had come to an end. |
84 | 00:05:38,270 | 00:05:44,340 | And if he had to end other careers to minimize the fallout, well, so be it. | And if he had to end other careers to minimize the fallout, well, so be it. |
85 | 00:05:44,440 | 00:05:46,640 | So Boesky ratted out everybody. | So Boesky ratted out everybody. |
86 | 00:05:46,740 | 00:05:50,610 | [newsreader] All over the US, people have been shocked by scenes like this. | [newsreader] All over the US, people have been shocked by scenes like this. |
87 | 00:05:50,710 | 00:05:56,480 | Investment banker Martin Siegel ducking reporters after pleading guilty to insider trading. | Investment banker Martin Siegel ducking reporters after pleading guilty to insider trading. |
88 | 00:05:56,590 | 00:06:02,260 | [Stewart] Siegel said always felt guilty for feeding information to Boesky | [Stewart] Siegel said always felt guilty for feeding information to Boesky |
89 | 00:06:02,360 | 00:06:06,690 | and now Martin Siegel is over and Boesky was at the heart of the case | and now Martin Siegel is over and Boesky was at the heart of the case |
90 | 00:06:06,800 | 00:06:10,530 | of securities law violations against Michael Milken. | of securities law violations against Michael Milken. |
91 | 00:06:10,630 | 00:06:13,100 | He was the center of this information hub. | He was the center of this information hub. |
92 | 00:06:13,200 | 00:06:16,770 | That's the most powerful position you can possible be on in Wall Street. | That's the most powerful position you can possible be on in Wall Street. |
93 | 00:06:16,870 | 00:06:21,110 | [newsreader] He was worth more than a billion dollars when he got caught cooking the books. | [newsreader] He was worth more than a billion dollars when he got caught cooking the books. |
94 | 00:06:21,210 | 00:06:25,350 | [Stewart] Michael Milken eventually pleaded guilty to six felonies | [Stewart] Michael Milken eventually pleaded guilty to six felonies |
95 | 00:06:25,450 | 00:06:28,750 | and agreed to pay 600 million in fines. | and agreed to pay 600 million in fines. |
96 | 00:06:29,080 | 00:06:32,020 | [Guiliani] Mr. Boesky has been extremely valuable, without his cooperation | [Guiliani] Mr. Boesky has been extremely valuable, without his cooperation |
97 | 00:06:32,120 | 00:06:38,660 | there would be people who would be involved in ongoing fraudulent transactions. | there would be people who would be involved in ongoing fraudulent transactions. |
98 | 00:06:38,760 | 00:06:42,460 | While the arbitrager downfall destroyed the careers of those around him, | While the arbitrager downfall destroyed the careers of those around him, |
99 | 00:06:42,560 | 00:06:46,500 | it bolstered the career of one cunning prosecutor who made the most | it bolstered the career of one cunning prosecutor who made the most |
100 | 00:06:46,600 | 00:06:48,740 | of every white collar crook he could cuff. | of every white collar crook he could cuff. |
101 | 00:06:49,710 | 00:06:54,980 | [newsreader] Since 1984 there have been more than 48 cases of insider trading, | [newsreader] Since 1984 there have been more than 48 cases of insider trading, |
102 | 00:06:55,080 | 00:07:00,710 | many involving the financial community, brought by New York's US Attorney, Rudolph Giuliani. | many involving the financial community, brought by New York's US Attorney, Rudolph Giuliani. |
103 | 00:07:00,820 | 00:07:06,050 | They're seen usually as very shrewd, very capable, very industrious. | They're seen usually as very shrewd, very capable, very industrious. |
104 | 00:07:06,160 | 00:07:09,720 | Yet there's this whole other side to their life | Yet there's this whole other side to their life |
105 | 00:07:09,830 | 00:07:11,660 | in which they are cheating and lying and stealing. | in which they are cheating and lying and stealing. |
106 | 00:07:11,760 | 00:07:14,030 | Which they keep secret. | Which they keep secret. |
107 | 00:07:14,130 | 00:07:17,360 | [Kirtzman] Rudy Giuliani wanted to be the center of attention and to give enormous power | [Kirtzman] Rudy Giuliani wanted to be the center of attention and to give enormous power |
108 | 00:07:17,470 | 00:07:22,470 | to ruin people's lives. There was a famous case of Giuliani going after traders | to ruin people's lives. There was a famous case of Giuliani going after traders |
109 | 00:07:22,570 | 00:07:26,110 | at Kidder Peabody and handcuffing them | at Kidder Peabody and handcuffing them |
110 | 00:07:26,210 | 00:07:28,880 | and marching them across the trading room floor. | and marching them across the trading room floor. |
111 | 00:07:28,980 | 00:07:31,340 | How much did you make from your inside information? | How much did you make from your inside information? |
112 | 00:07:31,450 | 00:07:36,720 | [Mahler] A perp walk is the idea of arresting people in this very public and almost theatrical way | [Mahler] A perp walk is the idea of arresting people in this very public and almost theatrical way |
113 | 00:07:36,820 | 00:07:40,620 | marching them out of offices so that the news cameras would capture these guys. | marching them out of offices so that the news cameras would capture these guys. |
114 | 00:07:40,720 | 00:07:43,020 | Do you think the others are doing the same thing you are? | Do you think the others are doing the same thing you are? |
115 | 00:07:43,130 | 00:07:48,360 | [Mahler] Publicly parading these Wall Street millionaires, as if they were common criminals | [Mahler] Publicly parading these Wall Street millionaires, as if they were common criminals |
116 | 00:07:48,460 | 00:07:52,230 | It was intended to be a form of deterrence, look what'll happen if you break the law. | It was intended to be a form of deterrence, look what'll happen if you break the law. |
117 | 00:07:52,330 | 00:07:55,800 | But you could just as easily argue that he was showboating. | But you could just as easily argue that he was showboating. |
118 | 00:07:55,900 | 00:07:59,040 | Everything was kind of a PR campaign for Giuliani. | Everything was kind of a PR campaign for Giuliani. |
119 | 00:07:59,140 | 00:08:02,080 | He's busting these guys, he's locking 'em up, he's indicting them. | He's busting these guys, he's locking 'em up, he's indicting them. |
120 | 00:08:02,180 | 00:08:07,050 | He did that on purpose and it enhanced his reputation as the Sheriff of New York. | He did that on purpose and it enhanced his reputation as the Sheriff of New York. |
121 | 00:08:07,150 | 00:08:12,150 | Part of the criticism was, "Well, those are decent white collar guys. | Part of the criticism was, "Well, those are decent white collar guys. |
122 | 00:08:12,250 | 00:08:15,890 | "They, they, and white guys, to boot. they shouldn't be subjected | "They, they, and white guys, to boot. they shouldn't be subjected |
123 | 00:08:15,990 | 00:08:18,930 | "to this kind of thing that actual criminals are subjected to." | "to this kind of thing that actual criminals are subjected to." |
124 | 00:08:19,030 | 00:08:21,560 | I, I thought, "No, this is good." | I, I thought, "No, this is good." |
125 | 00:08:21,660 | 00:08:25,730 | [Stewart] To this day there are people on Wall Street who criticize him | [Stewart] To this day there are people on Wall Street who criticize him |
126 | 00:08:25,830 | 00:08:31,070 | but the American people needed to see these people being held accountable, | but the American people needed to see these people being held accountable, |
127 | 00:08:31,170 | 00:08:36,780 | that these very wealthy, so- called Masters of the Universe were not above the law. | that these very wealthy, so- called Masters of the Universe were not above the law. |
128 | 00:08:36,880 | 00:08:41,080 | They committed crimes. Why not go after 'em? Why not go after the big fish? | They committed crimes. Why not go after 'em? Why not go after the big fish? |
129 | 00:08:41,180 | 00:08:48,990 | All this profligate behavior started to begin to move very much out of vogue. | All this profligate behavior started to begin to move very much out of vogue. |
130 | 00:08:49,090 | 00:08:50,920 | The so-called "Masters of the Universe" | The so-called "Masters of the Universe" |
131 | 00:08:51,030 | 00:08:53,460 | were trading their penthouses for prison cells. | were trading their penthouses for prison cells. |
132 | 00:08:53,560 | 00:08:57,000 | Once the heroes of the decade, they were now its villains. | Once the heroes of the decade, they were now its villains. |
133 | 00:08:57,400 | 00:09:04,100 | Anyone who embodied these areas of New York City power, Giuliani took aim at. | Anyone who embodied these areas of New York City power, Giuliani took aim at. |
134 | 00:09:04,210 | 00:09:08,170 | If you violate the law, whether it's insider trading or tax evasion, | If you violate the law, whether it's insider trading or tax evasion, |
135 | 00:09:08,280 | 00:09:11,710 | or fraud or bribery, and so-called "white collar crime," | or fraud or bribery, and so-called "white collar crime," |
136 | 00:09:11,810 | 00:09:15,180 | the overwhelming general rule is that you go to prison. | the overwhelming general rule is that you go to prison. |
137 | 00:09:15,280 | 00:09:20,820 | As the disgraced trader awaited his sentencing, the prosecutor savored his victory. | As the disgraced trader awaited his sentencing, the prosecutor savored his victory. |
138 | 00:09:20,920 | 00:09:26,130 | But not for long because he'd already set his sights on an even juicier target. | But not for long because he'd already set his sights on an even juicier target. |
139 | 00:09:26,230 | 00:09:30,800 | It is now alleged that they did not pay millions of dollars in taxes. | It is now alleged that they did not pay millions of dollars in taxes. |
140 | 00:09:31,570 | 00:09:35,400 | [newsreader] US Attorney Rudolph Giuliani said if the Helmsleys are found guilty, | [newsreader] US Attorney Rudolph Giuliani said if the Helmsleys are found guilty, |
141 | 00:09:35,500 | 00:09:37,640 | they will serve some jail time. | they will serve some jail time. |
142 | 00:09:41,640 | 00:09:45,610 | It was the late 80s in New York and the cultural tide was turning. | It was the late 80s in New York and the cultural tide was turning. |
143 | 00:09:45,710 | 00:09:49,420 | For years, some of the city's elite had treated their wealth and fame | For years, some of the city's elite had treated their wealth and fame |
144 | 00:09:49,520 | 00:09:51,890 | as a license to act with impunity. | as a license to act with impunity. |
145 | 00:09:53,890 | 00:09:56,560 | But now the public was growing tired of their antics and a hard-driving prosecutor | But now the public was growing tired of their antics and a hard-driving prosecutor |
146 | 00:09:56,660 | 00:09:58,430 | was capitalizing on their outrage, | was capitalizing on their outrage, |
147 | 00:09:59,930 | 00:10:01,530 | going after the formerly untouchable with a vengeance. | going after the formerly untouchable with a vengeance. |
148 | 00:10:02,970 | 00:10:05,570 | [newsreader] Former Miss America and New York City official Bess Myerson | [newsreader] Former Miss America and New York City official Bess Myerson |
149 | 00:10:05,670 | 00:10:09,400 | is facing a possible 30 years in prison and a half a million dollars in fines. | is facing a possible 30 years in prison and a half a million dollars in fines. |
150 | 00:10:09,500 | 00:10:11,300 | We prosecute all sorts of people. | We prosecute all sorts of people. |
151 | 00:10:11,410 | 00:10:13,110 | Little people, in-between people, | Little people, in-between people, |
152 | 00:10:13,210 | 00:10:16,110 | and some of the wealthiest billionaires in the United States. | and some of the wealthiest billionaires in the United States. |
153 | 00:10:16,210 | 00:10:18,750 | And there was no better target among New York's high society | And there was no better target among New York's high society |
154 | 00:10:18,850 | 00:10:23,280 | than the Queen of Real Estate, who had been outed as a tax cheat in the press. | than the Queen of Real Estate, who had been outed as a tax cheat in the press. |
155 | 00:10:23,990 | 00:10:28,250 | She might have been a scapegoat for the greed and excess of the 80s, | She might have been a scapegoat for the greed and excess of the 80s, |
156 | 00:10:28,360 | 00:10:29,720 | but she brought it on herself. | but she brought it on herself. |
157 | 00:10:30,330 | 00:10:33,290 | The Helmlseys, one of the world's wealthiest couples, were indicted | The Helmlseys, one of the world's wealthiest couples, were indicted |
158 | 00:10:33,400 | 00:10:37,230 | in New York today on state and federal charges involving a tax scam. | in New York today on state and federal charges involving a tax scam. |
159 | 00:10:37,330 | 00:10:43,500 | She was an easy target. So imperious, so mean. | She was an easy target. So imperious, so mean. |
160 | 00:10:43,610 | 00:10:48,410 | [inaudible] | [inaudible] |
161 | 00:10:49,010 | 00:10:52,950 | Leona Helmsley was supposed to have impeccable taste, | Leona Helmsley was supposed to have impeccable taste, |
162 | 00:10:53,050 | 00:10:57,080 | you'd expect to have impeccable morals and she didn't. | you'd expect to have impeccable morals and she didn't. |
163 | 00:10:59,550 | 00:11:02,490 | New Yorkers had loved her as the queen who stood guard, | New Yorkers had loved her as the queen who stood guard, |
164 | 00:11:02,590 | 00:11:05,830 | tending to her customers' every whim. | tending to her customers' every whim. |
165 | 00:11:05,930 | 00:11:09,800 | But a queen who defrauded the government and stiffed her contractors? | But a queen who defrauded the government and stiffed her contractors? |
166 | 00:11:09,900 | 00:11:12,430 | That they found far less charming. | That they found far less charming. |
167 | 00:11:13,600 | 00:11:16,440 | [newsreader] Harry and Leona are in trouble because they spent millions of dollars | [newsreader] Harry and Leona are in trouble because they spent millions of dollars |
168 | 00:11:16,540 | 00:11:18,810 | on renovations at their Connecticut estate. | on renovations at their Connecticut estate. |
169 | 00:11:18,910 | 00:11:24,040 | Twenty-nine acres, 28 rooms, and allegedly charged it to their businesses for deductions. | Twenty-nine acres, 28 rooms, and allegedly charged it to their businesses for deductions. |
170 | 00:11:24,150 | 00:11:28,180 | [Plaskin] She was allegedly deducting personal expenses | [Plaskin] She was allegedly deducting personal expenses |
171 | 00:11:28,280 | 00:11:32,390 | as business expenses or expenses for her hotels. | as business expenses or expenses for her hotels. |
172 | 00:11:33,120 | 00:11:38,530 | [Feldshuh] She was indicted on one count of conspiracy to defraud the United States. | [Feldshuh] She was indicted on one count of conspiracy to defraud the United States. |
173 | 00:11:38,630 | 00:11:44,500 | Three counts of tax evasion, three counts of falsifying personal tax returns. | Three counts of tax evasion, three counts of falsifying personal tax returns. |
174 | 00:11:44,600 | 00:11:50,200 | Ten counts of mail fraud. She had been indicted on a great many counts. | Ten counts of mail fraud. She had been indicted on a great many counts. |
175 | 00:11:50,310 | 00:11:54,640 | [newsreader] The Feds also allege that Mrs. Helmsley extorted money from suppliers, | [newsreader] The Feds also allege that Mrs. Helmsley extorted money from suppliers, |
176 | 00:11:54,740 | 00:11:58,410 | demanded and received kickbacks in exchange for Helmsley business. | demanded and received kickbacks in exchange for Helmsley business. |
177 | 00:11:58,510 | 00:12:04,750 | Well, you wouldn't call her cheap. You would call her tight. She thought that, | Well, you wouldn't call her cheap. You would call her tight. She thought that, |
178 | 00:12:04,850 | 00:12:10,720 | "I'm paying him a lot of money, why won't he do this for me for next to nothing or nothing?" | "I'm paying him a lot of money, why won't he do this for me for next to nothing or nothing?" |
179 | 00:12:10,830 | 00:12:14,860 | I confronted her, I said, "Is it true that, you know, you didn't pay contractors | I confronted her, I said, "Is it true that, you know, you didn't pay contractors |
180 | 00:12:14,960 | 00:12:17,060 | "or you tried to get services for free?" | "or you tried to get services for free?" |
181 | 00:12:17,170 | 00:12:19,600 | She said, "Well, the bill that he gave me was too high." | She said, "Well, the bill that he gave me was too high." |
182 | 00:12:20,570 | 00:12:24,570 | She started talking about feeling victimized by the government. | She started talking about feeling victimized by the government. |
183 | 00:12:24,670 | 00:12:28,010 | After all, she paid millions of dollars in taxes. | After all, she paid millions of dollars in taxes. |
184 | 00:12:28,110 | 00:12:31,410 | She didn't think she did anything wrong and she stuck to that. | She didn't think she did anything wrong and she stuck to that. |
185 | 00:12:31,510 | 00:12:36,680 | It isn't fair. It isn't fair. Plus I look like [inaudible] | It isn't fair. It isn't fair. Plus I look like [inaudible] |
186 | 00:12:36,790 | 00:12:41,190 | It was clear from the beginning that Leona Helmsley was not interested in pleading guilty. | It was clear from the beginning that Leona Helmsley was not interested in pleading guilty. |
187 | 00:12:41,290 | 00:12:43,360 | I have done nothing wrong. | I have done nothing wrong. |
188 | 00:12:43,460 | 00:12:49,400 | [Plaskin] By the time she went to trial, she was so famous and so notorious, | [Plaskin] By the time she went to trial, she was so famous and so notorious, |
189 | 00:12:49,500 | 00:12:53,100 | it would have been almost impossible to find a jury of her peers | it would have been almost impossible to find a jury of her peers |
190 | 00:12:53,200 | 00:12:57,340 | who didn't have that image of her that had been painted in the press. | who didn't have that image of her that had been painted in the press. |
191 | 00:12:57,440 | 00:13:00,770 | Harry and Leona Helmlsey are so rich they could practically start | Harry and Leona Helmlsey are so rich they could practically start |
192 | 00:13:00,880 | 00:13:03,980 | their own country and if they did they wouldn't have to pay taxes, | their own country and if they did they wouldn't have to pay taxes, |
193 | 00:13:04,080 | 00:13:06,710 | since it appears that they're not too fond of them anyway. | since it appears that they're not too fond of them anyway. |
194 | 00:13:07,880 | 00:13:13,620 | [newsreader] Leona Helmsley made an understated entrance to court no lima, no husband Harry. | [newsreader] Leona Helmsley made an understated entrance to court no lima, no husband Harry. |
195 | 00:13:14,960 | 00:13:19,760 | [Dowling] The story was that he was no longer mentally able to go through a trial. | [Dowling] The story was that he was no longer mentally able to go through a trial. |
196 | 00:13:19,860 | 00:13:23,600 | But I think what actually happened was Harry had done | But I think what actually happened was Harry had done |
197 | 00:13:23,700 | 00:13:27,100 | so many favors for every judge, every official | so many favors for every judge, every official |
198 | 00:13:27,200 | 00:13:30,970 | that they were not about to prosecute their friend for something that his wife did. | that they were not about to prosecute their friend for something that his wife did. |
199 | 00:13:31,810 | 00:13:34,840 | [Feldshuh] Leona Helmlsey hired Gerald Feffer to defend her. | [Feldshuh] Leona Helmlsey hired Gerald Feffer to defend her. |
200 | 00:13:34,940 | 00:13:41,080 | He took an unorthodox point of view that he had hoped would save her. | He took an unorthodox point of view that he had hoped would save her. |
201 | 00:13:41,180 | 00:13:44,750 | [Devita] What he actually said in opening statement is, | [Devita] What he actually said in opening statement is, |
202 | 00:13:44,850 | 00:13:48,150 | "You may hear that Leona Helmsley is a tough bitch. | "You may hear that Leona Helmsley is a tough bitch. |
203 | 00:13:48,260 | 00:13:50,590 | "It's not a crime to be a tough bitch." | "It's not a crime to be a tough bitch." |
204 | 00:13:50,690 | 00:13:55,030 | Feldshuh He tried to prove that you cannot send a person to prison just for being | Feldshuh He tried to prove that you cannot send a person to prison just for being |
205 | 00:13:55,130 | 00:13:59,230 | a tough bitch, just for not liking them, just for thinking that they were imperialistic. | a tough bitch, just for not liking them, just for thinking that they were imperialistic. |
206 | 00:13:59,330 | 00:14:01,770 | These were oversights that she didn't know what was going on, | These were oversights that she didn't know what was going on, |
207 | 00:14:01,870 | 00:14:05,870 | that she was more concerned with dust in the corner than she was with her accounting firm. | that she was more concerned with dust in the corner than she was with her accounting firm. |
208 | 00:14:05,970 | 00:14:08,810 | Did we steal somebody's money? | Did we steal somebody's money? |
209 | 00:14:08,910 | 00:14:11,040 | Oh, the government says you stole theirs. | Oh, the government says you stole theirs. |
210 | 00:14:11,150 | 00:14:13,180 | Did they prove it? | Did they prove it? |
211 | 00:14:13,280 | 00:14:17,380 | [newsreader] Prosecution called 44 witnesses, many of them former employees | [newsreader] Prosecution called 44 witnesses, many of them former employees |
212 | 00:14:17,490 | 00:14:20,050 | who described Leona as greedy and arrogant. | who described Leona as greedy and arrogant. |
213 | 00:14:20,160 | 00:14:23,660 | Everybody who was around her knew what a terror she was. | Everybody who was around her knew what a terror she was. |
214 | 00:14:23,760 | 00:14:26,330 | And that always catches up with people. And it did. | And that always catches up with people. And it did. |
215 | 00:14:26,430 | 00:14:31,330 | [newsreader] Former employees testified about doctored invoices for everything | [newsreader] Former employees testified about doctored invoices for everything |
216 | 00:14:31,430 | 00:14:34,700 | from Louis XVI furniture to carrots and potatoes. | from Louis XVI furniture to carrots and potatoes. |
217 | 00:14:34,940 | 00:14:37,670 | You could see that she was unhappy at some of the testimony. | You could see that she was unhappy at some of the testimony. |
218 | 00:14:37,770 | 00:14:41,510 | Certainly, there must be one person in this entire world | Certainly, there must be one person in this entire world |
219 | 00:14:41,610 | 00:14:48,480 | that would say I'm a decent person. They didn't bring anyone in. | that would say I'm a decent person. They didn't bring anyone in. |
220 | 00:14:48,580 | 00:14:54,920 | [Silverstein] The coup de grâce was when her housekeeper testified that Leona had said, | [Silverstein] The coup de grâce was when her housekeeper testified that Leona had said, |
221 | 00:14:55,020 | 00:14:58,990 | "Only little people pay taxes." So everybody hated her after that. | "Only little people pay taxes." So everybody hated her after that. |
222 | 00:14:59,090 | 00:15:03,330 | I sat down with a housemaid ? | I sat down with a housemaid ? |
223 | 00:15:03,430 | 00:15:06,600 | And said, "Let's have tea?" Or where was it? | And said, "Let's have tea?" Or where was it? |
224 | 00:15:06,700 | 00:15:12,670 | In the bedroom, what? And I said, "Do you know only the little people pay taxes?" | In the bedroom, what? And I said, "Do you know only the little people pay taxes?" |
225 | 00:15:12,770 | 00:15:17,780 | Does this make sense to intelligent people? Huh? This story was concocted. | Does this make sense to intelligent people? Huh? This story was concocted. |
226 | 00:15:17,880 | 00:15:22,750 | And contrived. And boy did that make the newspapers, didn't it? | And contrived. And boy did that make the newspapers, didn't it? |
227 | 00:15:22,850 | 00:15:26,720 | "Paying taxes is for the little people." Wow, such a great line. | "Paying taxes is for the little people." Wow, such a great line. |
228 | 00:15:26,820 | 00:15:29,760 | It'll be on her gravestone, it probably is on her gravestone, actually. | It'll be on her gravestone, it probably is on her gravestone, actually. |
229 | 00:15:29,860 | 00:15:32,590 | "RIP Taxes are for the little people." | "RIP Taxes are for the little people." |
230 | 00:15:33,030 | 00:15:39,370 | "Only the little people pay taxes." That was her against us. | "Only the little people pay taxes." That was her against us. |
231 | 00:15:39,470 | 00:15:44,640 | We were the downtrodden, poor, misunderstood public | We were the downtrodden, poor, misunderstood public |
232 | 00:15:44,740 | 00:15:47,610 | and she was the big bad wolf. | and she was the big bad wolf. |
233 | 00:15:47,710 | 00:15:51,910 | Sooner or later you gotta pay the piper and I hope she gets everything that comes to her. | Sooner or later you gotta pay the piper and I hope she gets everything that comes to her. |
234 | 00:15:52,010 | 00:15:55,780 | It's poor, middle class who have to pay taxes. | It's poor, middle class who have to pay taxes. |
235 | 00:15:55,880 | 00:16:00,220 | But the little people don't just pay taxes. They sit on juries too. | But the little people don't just pay taxes. They sit on juries too. |
236 | 00:16:00,320 | 00:16:04,920 | And they were about to hand the Queen of Mean a verdict that would seal her fate. | And they were about to hand the Queen of Mean a verdict that would seal her fate. |
237 | 00:16:06,430 | 00:16:09,060 | Ms. Helmsley, do you have any response to these allegations at all? | Ms. Helmsley, do you have any response to these allegations at all? |
238 | 00:16:09,160 | 00:16:12,130 | While a day of reckoning had arrived for some New York titans | While a day of reckoning had arrived for some New York titans |
239 | 00:16:12,230 | 00:16:16,300 | who'd overplayed their hands, others continued to push their luck. | who'd overplayed their hands, others continued to push their luck. |
240 | 00:16:17,640 | 00:16:22,680 | By the late 1980s, Donald Trump was building seemingly everywhere. | By the late 1980s, Donald Trump was building seemingly everywhere. |
241 | 00:16:22,780 | 00:16:25,610 | And buying seemingly everything. | And buying seemingly everything. |
242 | 00:16:25,710 | 00:16:30,420 | [newsreader] He already owns Trump Tower, Trump Plaza, Trump Park, and Trump Castle. | [newsreader] He already owns Trump Tower, Trump Plaza, Trump Park, and Trump Castle. |
243 | 00:16:30,520 | 00:16:34,150 | He bought the Eastern Shuttle and renamed it Trump Shuttle. | He bought the Eastern Shuttle and renamed it Trump Shuttle. |
244 | 00:16:34,260 | 00:16:37,860 | We were the first plane out this morning, we were the most successful flight this morning. | We were the first plane out this morning, we were the most successful flight this morning. |
245 | 00:16:37,960 | 00:16:40,990 | We had more people than anybody else and I think we had better service than anybody else. | We had more people than anybody else and I think we had better service than anybody else. |
246 | 00:16:41,100 | 00:16:46,570 | All of these things were not money makers. So they added to his overall debt. | All of these things were not money makers. So they added to his overall debt. |
247 | 00:16:47,970 | 00:16:51,500 | [Kruse] The banks continued to give him more money. | [Kruse] The banks continued to give him more money. |
248 | 00:16:51,610 | 00:16:55,540 | the press he received largely was uncritical. | the press he received largely was uncritical. |
249 | 00:16:55,640 | 00:16:59,780 | He was living this consequence-free existence. | He was living this consequence-free existence. |
250 | 00:16:59,880 | 00:17:04,050 | So there was no reason for him to dial back his behavior. | So there was no reason for him to dial back his behavior. |
251 | 00:17:07,990 | 00:17:11,860 | By 1988, the striver from Queens had become a national celebrity. | By 1988, the striver from Queens had become a national celebrity. |
252 | 00:17:11,960 | 00:17:16,760 | And his thirst for attention was leading him to make one bold move after another. | And his thirst for attention was leading him to make one bold move after another. |
253 | 00:17:16,870 | 00:17:19,400 | But there were certain things he wasn't sharing with the press. | But there were certain things he wasn't sharing with the press. |
254 | 00:17:19,500 | 00:17:22,400 | And it was those that would threaten to undo him. | And it was those that would threaten to undo him. |
255 | 00:17:24,170 | 00:17:27,370 | It's gonna be fancier than ever. The Plaza Hotel is getting a face lift | It's gonna be fancier than ever. The Plaza Hotel is getting a face lift |
256 | 00:17:27,480 | 00:17:30,880 | and the new owners, the Trumps, reveal their ambitious plans today. | and the new owners, the Trumps, reveal their ambitious plans today. |
257 | 00:17:30,980 | 00:17:37,720 | The purchase of the Plaza Hotel for $400 million was simply a trophy purchase. | The purchase of the Plaza Hotel for $400 million was simply a trophy purchase. |
258 | 00:17:37,820 | 00:17:43,090 | And using junk bond, high interest rate financing, just complicated it more. | And using junk bond, high interest rate financing, just complicated it more. |
259 | 00:17:44,060 | 00:17:49,000 | I think that Donald thought that he was capable of pulling this off. | I think that Donald thought that he was capable of pulling this off. |
260 | 00:17:49,100 | 00:17:51,060 | You know, I, I think he was delusional. | You know, I, I think he was delusional. |
261 | 00:17:51,970 | 00:17:54,830 | The first thing that he did was announce to the world | The first thing that he did was announce to the world |
262 | 00:17:54,940 | 00:17:59,840 | that he was making Ivana Trump the president of the Plaza Hotel | that he was making Ivana Trump the president of the Plaza Hotel |
263 | 00:17:59,940 | 00:18:02,080 | and that he was going to pay her in dresses. | and that he was going to pay her in dresses. |
264 | 00:18:02,180 | 00:18:05,450 | That she could have as many dresses, buy as many dresses as she wants. | That she could have as many dresses, buy as many dresses as she wants. |
265 | 00:18:06,150 | 00:18:11,950 | I thought the greatest toy that I could give Ivana would be to put her at the Plaza Hotel. | I thought the greatest toy that I could give Ivana would be to put her at the Plaza Hotel. |
266 | 00:18:12,050 | 00:18:15,590 | [Kruse] When she started running the Plaza, this created friction. | [Kruse] When she started running the Plaza, this created friction. |
267 | 00:18:15,690 | 00:18:18,260 | He was Donald Trump but she was Ivana Trump. | He was Donald Trump but she was Ivana Trump. |
268 | 00:18:18,360 | 00:18:22,300 | She was becoming a character in her own right. | She was becoming a character in her own right. |
269 | 00:18:22,760 | 00:18:29,370 | Donald was so intent on building his empire and Ivana was sort of a piece in the empire. | Donald was so intent on building his empire and Ivana was sort of a piece in the empire. |
270 | 00:18:29,470 | 00:18:34,040 | She was a beautiful, smart woman who could fit into his life. | She was a beautiful, smart woman who could fit into his life. |
271 | 00:18:34,780 | 00:18:39,610 | A lot of women in your position would feel overshadowed by their husband. | A lot of women in your position would feel overshadowed by their husband. |
272 | 00:18:39,710 | 00:18:42,650 | -Do you ever feel that? -Not at all. Not at all. | -Do you ever feel that? -Not at all. Not at all. |
273 | 00:18:42,750 | 00:18:47,290 | [Brown] I think people forget what a big figure Ivana Trump was in the 80s. | [Brown] I think people forget what a big figure Ivana Trump was in the 80s. |
274 | 00:18:47,390 | 00:18:51,860 | I mean, we did as many pieces about Ivana as we did about The Donald. | I mean, we did as many pieces about Ivana as we did about The Donald. |
275 | 00:18:51,960 | 00:18:56,400 | Of course Ivana and he together were the ultimate glitzy duo | Of course Ivana and he together were the ultimate glitzy duo |
276 | 00:18:56,500 | 00:18:58,700 | who were out every night and who you could not miss. | who were out every night and who you could not miss. |
277 | 00:18:58,800 | 00:19:05,510 | She and he shared a certain aesthetic sensibility of blond and gold | She and he shared a certain aesthetic sensibility of blond and gold |
278 | 00:19:05,610 | 00:19:08,570 | and cosmeticized to within an inch of her life. | and cosmeticized to within an inch of her life. |
279 | 00:19:09,380 | 00:19:12,750 | [Res] I always thought Ivana would do whatever he asked her to do. | [Res] I always thought Ivana would do whatever he asked her to do. |
280 | 00:19:12,850 | 00:19:15,150 | It was always about pleasing him and impressing him. | It was always about pleasing him and impressing him. |
281 | 00:19:15,250 | 00:19:21,220 | [O'Donnell] She absolutely worshiped Donald Trump but they had a business relationship too | [O'Donnell] She absolutely worshiped Donald Trump but they had a business relationship too |
282 | 00:19:21,320 | 00:19:24,890 | Now all of us that ran these properties had screaming matches with Donald. | Now all of us that ran these properties had screaming matches with Donald. |
283 | 00:19:24,990 | 00:19:29,560 | And she did as well. She was not a pushover and anybody that suggests | And she did as well. She was not a pushover and anybody that suggests |
284 | 00:19:29,660 | 00:19:36,000 | that she was just didn't know, you know, really how smart and how tough Ivana Trump was. | that she was just didn't know, you know, really how smart and how tough Ivana Trump was. |
285 | 00:19:36,100 | 00:19:38,500 | Is there anything you wouldn't support you man in? | Is there anything you wouldn't support you man in? |
286 | 00:19:38,610 | 00:19:43,610 | Oh sure. [laughs] Oh sure. I wouldn't support him a few things. | Oh sure. [laughs] Oh sure. I wouldn't support him a few things. |
287 | 00:19:43,710 | 00:19:49,220 | I wouldn't support if Donald would be running around and fooling around. | I wouldn't support if Donald would be running around and fooling around. |
288 | 00:19:49,320 | 00:19:52,450 | You know, that I couldn't live with. | You know, that I couldn't live with. |
289 | 00:19:52,550 | 00:19:56,020 | I used to say to her, "Ivana, you know, you better keep your eye on the ball here | I used to say to her, "Ivana, you know, you better keep your eye on the ball here |
290 | 00:19:56,120 | 00:19:59,960 | "because, you know, Donald is young, handsome, and now very rich and powerful." | "because, you know, Donald is young, handsome, and now very rich and powerful." |
291 | 00:20:00,860 | 00:20:06,370 | [O'Donnell] I did see Donald talk publicly about Ivana in a way that he hadn't done | [O'Donnell] I did see Donald talk publicly about Ivana in a way that he hadn't done |
292 | 00:20:06,470 | 00:20:11,140 | up to that time. It was more negative, more jokingly, putting her down. | up to that time. It was more negative, more jokingly, putting her down. |
293 | 00:20:12,770 | 00:20:17,610 | And he talked about how women were after him. "This one wants me, that one wants me." | And he talked about how women were after him. "This one wants me, that one wants me." |
294 | 00:20:17,710 | 00:20:22,380 | [Fox] He loved beautiful women and he loves something that would stroke his ego. | [Fox] He loved beautiful women and he loves something that would stroke his ego. |
295 | 00:20:22,820 | 00:20:27,450 | Trump had spent his entire life believing he can get away with anything. | Trump had spent his entire life believing he can get away with anything. |
296 | 00:20:27,560 | 00:20:32,260 | [inaudible] | [inaudible] |
297 | 00:20:32,360 | 00:20:35,600 | As I was writing The Art of The Deal , it wasn't clear to me | As I was writing The Art of The Deal , it wasn't clear to me |
298 | 00:20:35,700 | 00:20:38,460 | that he was simultaneously carrying on an affair. | that he was simultaneously carrying on an affair. |
299 | 00:20:40,030 | 00:20:44,400 | [Evans] Every year there was an American Booksellers Association Convention. | [Evans] Every year there was an American Booksellers Association Convention. |
300 | 00:20:45,340 | 00:20:49,110 | This particular year was going to be in Las Vegas. Donald said, | This particular year was going to be in Las Vegas. Donald said, |
301 | 00:20:49,210 | 00:20:50,780 | "Hey, let's just go out in my plane." | "Hey, let's just go out in my plane." |
302 | 00:20:50,880 | 00:20:55,620 | What fun. His plane was set up like a living room. | What fun. His plane was set up like a living room. |
303 | 00:20:55,720 | 00:20:57,850 | It was very glamorous, lots of velvet. | It was very glamorous, lots of velvet. |
304 | 00:20:58,590 | 00:21:03,690 | And just as we land and are getting our things together, a door opens. | And just as we land and are getting our things together, a door opens. |
305 | 00:21:03,790 | 00:21:06,790 | A door to, I think a bedroom or something. | A door to, I think a bedroom or something. |
306 | 00:21:07,600 | 00:21:12,330 | All along, a stowaway, Marla Maples, comes out. | All along, a stowaway, Marla Maples, comes out. |
307 | 00:21:13,600 | 00:21:18,170 | She's been on the plane with us the entire time. I am so shocked, it's like, | She's been on the plane with us the entire time. I am so shocked, it's like, |
308 | 00:21:18,270 | 00:21:22,210 | I don't know, the scarlet letter or something right in front of me of like, | I don't know, the scarlet letter or something right in front of me of like, |
309 | 00:21:22,310 | 00:21:26,980 | "Oh." It was such a scandal, you cannot imagine. Everybody's mouth dropped. | "Oh." It was such a scandal, you cannot imagine. Everybody's mouth dropped. |
310 | 00:21:27,520 | 00:21:32,020 | [O'Donnell] Marla Maples was a fun loving, "let's have a party" kind of woman. | [O'Donnell] Marla Maples was a fun loving, "let's have a party" kind of woman. |
311 | 00:21:32,120 | 00:21:35,890 | Ivana and Marla were polar opposites. | Ivana and Marla were polar opposites. |
312 | 00:21:36,720 | 00:21:39,130 | [Fox] Marla Maples grew up in Georgia, | [Fox] Marla Maples grew up in Georgia, |
313 | 00:21:39,230 | 00:21:41,730 | she was definitely a southern belle and Georgia peach. | she was definitely a southern belle and Georgia peach. |
314 | 00:21:43,100 | 00:21:48,000 | She was someone who competed and won the Miss Hawaiian Tropic pageant. | She was someone who competed and won the Miss Hawaiian Tropic pageant. |
315 | 00:21:48,770 | 00:21:52,540 | [O'Donnell] Donald Trump just saw beauty in her and I think he saw youth. | [O'Donnell] Donald Trump just saw beauty in her and I think he saw youth. |
316 | 00:21:52,640 | 00:21:56,640 | He loved that image so much of being with a younger woman. | He loved that image so much of being with a younger woman. |
317 | 00:21:58,250 | 00:22:02,580 | One time at a dinner, he said, "I wish you could see her naked." | One time at a dinner, he said, "I wish you could see her naked." |
318 | 00:22:03,150 | 00:22:09,690 | And I was... I just cringed. Even today it makes me, it makes me uncomfortable. | And I was... I just cringed. Even today it makes me, it makes me uncomfortable. |
319 | 00:22:10,730 | 00:22:13,530 | [Fox] Marla was a struggling, young model. | [Fox] Marla was a struggling, young model. |
320 | 00:22:13,630 | 00:22:17,730 | Each opportunity that you find can be so instrumental in your future. | Each opportunity that you find can be so instrumental in your future. |
321 | 00:22:17,830 | 00:22:23,240 | She had nothing and needed him. And I think he loved that need to be needed. | She had nothing and needed him. And I think he loved that need to be needed. |
322 | 00:22:23,670 | 00:22:28,210 | -My wife Ivana, who's accepted-- -[applause] | -My wife Ivana, who's accepted-- -[applause] |
323 | 00:22:28,310 | 00:22:33,050 | [Fox] Eventually, word started to get out that Donald was dating another woman. | [Fox] Eventually, word started to get out that Donald was dating another woman. |
324 | 00:22:33,150 | 00:22:35,820 | And I don't think she wanted to believe it was true, | And I don't think she wanted to believe it was true, |
325 | 00:22:35,920 | 00:22:38,280 | no one wants to believe that about their husband. | no one wants to believe that about their husband. |
326 | 00:22:38,720 | 00:22:42,520 | [Carswell] Ivana knew that Donald liked blond, busty women. | [Carswell] Ivana knew that Donald liked blond, busty women. |
327 | 00:22:42,620 | 00:22:48,090 | So she went to California to meet with Michael Jackson's plastic surgeon. | So she went to California to meet with Michael Jackson's plastic surgeon. |
328 | 00:22:48,630 | 00:22:52,800 | And she comes back, she no longer looked like Ivana Trump. | And she comes back, she no longer looked like Ivana Trump. |
329 | 00:22:53,530 | 00:22:58,070 | I do remember saying to him, "Donald, look at what Ivana is doing for you. | I do remember saying to him, "Donald, look at what Ivana is doing for you. |
330 | 00:22:58,170 | 00:23:01,370 | "I mean, she's completely changed every part of her." | "I mean, she's completely changed every part of her." |
331 | 00:23:01,480 | 00:23:05,540 | And he disdained what she was doing. He was never going back to her. | And he disdained what she was doing. He was never going back to her. |
332 | 00:23:05,650 | 00:23:10,220 | [O'Donnell] Common sense would tell you that this is not gonna be a secret for long. | [O'Donnell] Common sense would tell you that this is not gonna be a secret for long. |
333 | 00:23:10,320 | 00:23:13,020 | And so we were waiting for the blow up. | And so we were waiting for the blow up. |
334 | 00:23:13,520 | 00:23:17,560 | [Evans] And then all of a sudden the tabloids start churning these stories out | [Evans] And then all of a sudden the tabloids start churning these stories out |
335 | 00:23:17,660 | 00:23:22,130 | on Marla Maples, Marla with Donald, Ivana, the whole triangle. | on Marla Maples, Marla with Donald, Ivana, the whole triangle. |
336 | 00:23:22,230 | 00:23:26,170 | [O'Donnell] I think Donald was very shocked by the publicity that he got. | [O'Donnell] I think Donald was very shocked by the publicity that he got. |
337 | 00:23:26,270 | 00:23:32,170 | But he also loved it but he believes this philosophy of all press is good press. | But he also loved it but he believes this philosophy of all press is good press. |
338 | 00:23:32,740 | 00:23:37,740 | He believed if you handle it in a certain way, you can get away with it. | He believed if you handle it in a certain way, you can get away with it. |
339 | 00:23:37,850 | 00:23:43,150 | And the affair was not the only big gamble he was making at the time. | And the affair was not the only big gamble he was making at the time. |
340 | 00:23:43,250 | 00:23:47,120 | At the end of the decade, the brash developer embarked on his biggest project yet. | At the end of the decade, the brash developer embarked on his biggest project yet. |
341 | 00:23:47,220 | 00:23:50,920 | Donald Trump today opened the doors to his billion dollar gamble, | Donald Trump today opened the doors to his billion dollar gamble, |
342 | 00:23:51,030 | 00:23:54,590 | his new Atlantic City casino, the Taj Mahal. | his new Atlantic City casino, the Taj Mahal. |
343 | 00:23:54,700 | 00:23:58,160 | Financed entirely through debt, the Taj Mahal would need to earn | Financed entirely through debt, the Taj Mahal would need to earn |
344 | 00:23:58,270 | 00:24:03,800 | over one million dollars a day to stay afloat. An amount no casino had ever raked in. | over one million dollars a day to stay afloat. An amount no casino had ever raked in. |
345 | 00:24:03,910 | 00:24:07,310 | [O'Donnell] I thought that the Taj Mahal was gonna be in desperate shape. | [O'Donnell] I thought that the Taj Mahal was gonna be in desperate shape. |
346 | 00:24:07,840 | 00:24:10,680 | The red flags were up prior to the deal being done. | The red flags were up prior to the deal being done. |
347 | 00:24:11,350 | 00:24:15,510 | [Johnston] After Donald Trump gets control of the Taj Mahal, he can't pay his bills. | [Johnston] After Donald Trump gets control of the Taj Mahal, he can't pay his bills. |
348 | 00:24:15,620 | 00:24:20,950 | And it was all Donald's reality running up against the hard numbers of banking. | And it was all Donald's reality running up against the hard numbers of banking. |
349 | 00:24:21,390 | 00:24:26,860 | [O'Donnell] It really was only a matter of time before this stuff was gonna catch up with him. | [O'Donnell] It really was only a matter of time before this stuff was gonna catch up with him. |
350 | 00:24:27,060 | 00:24:32,130 | He was hiding too many things for there not to be a day of reckoning. | He was hiding too many things for there not to be a day of reckoning. |
351 | 00:24:32,230 | 00:24:37,170 | His deals were crumbling. Eventually they're gonna catch up with the scam. | His deals were crumbling. Eventually they're gonna catch up with the scam. |
352 | 00:24:37,270 | 00:24:41,670 | [newsreader] Donald Trump, the larger-than-life New York developer celebrity. | [newsreader] Donald Trump, the larger-than-life New York developer celebrity. |
353 | 00:24:41,780 | 00:24:45,880 | Could it be that he's built his empire on 90 percent ego? | Could it be that he's built his empire on 90 percent ego? |
354 | 00:24:45,980 | 00:24:51,580 | The headlines are screaming "death of a legend," calling him the has-been of high finance. | The headlines are screaming "death of a legend," calling him the has-been of high finance. |
355 | 00:24:51,990 | 00:24:54,090 | It was time to take him down. | It was time to take him down. |
356 | 00:24:57,360 | 00:25:00,990 | [newsreader] It was a monster parade, even by New York standards.han | [newsreader] It was a monster parade, even by New York standards.han |
357 | 00:25:01,100 | 00:25:02,660 | to cheer the Mets. | to cheer the Mets. |
358 | 00:25:02,760 | 00:25:06,230 | In October of 1986, the Mets' legendary World Series victory | In October of 1986, the Mets' legendary World Series victory |
359 | 00:25:06,330 | 00:25:09,570 | over the Boston Red Sox united New Yorkers in celebration. | over the Boston Red Sox united New Yorkers in celebration. |
360 | 00:25:10,140 | 00:25:12,240 | [Deveney] The Mets really should have been a dynasty | [Deveney] The Mets really should have been a dynasty |
361 | 00:25:12,340 | 00:25:15,240 | and perhaps should have won multiple world series. | and perhaps should have won multiple world series. |
362 | 00:25:15,340 | 00:25:18,780 | They had these young players, Darryl Strawberry, Dwight Gooden. | They had these young players, Darryl Strawberry, Dwight Gooden. |
363 | 00:25:19,750 | 00:25:21,750 | But on the day of the parade | But on the day of the parade |
364 | 00:25:21,850 | 00:25:25,550 | in which The Mets were celebrating the 1986 World Series, | in which The Mets were celebrating the 1986 World Series, |
365 | 00:25:26,190 | 00:25:30,760 | Dwight Gooden is in Queens in a housing project, high on coke | Dwight Gooden is in Queens in a housing project, high on coke |
366 | 00:25:30,860 | 00:25:36,030 | and watching the parade on TV because he's still so high on coke he hasn't left the room. | and watching the parade on TV because he's still so high on coke he hasn't left the room. |
367 | 00:25:36,830 | 00:25:40,300 | The Mets were never the same after that. | The Mets were never the same after that. |
368 | 00:25:40,400 | 00:25:44,240 | A drug epidemic that had been ravaging the city didn't spare the Mets. | A drug epidemic that had been ravaging the city didn't spare the Mets. |
369 | 00:25:44,340 | 00:25:47,310 | And down the road from Shea Stadium in Queens, | And down the road from Shea Stadium in Queens, |
370 | 00:25:47,410 | 00:25:52,080 | an even deadlier threat was emerging. Hitting low-income communities hard. | an even deadlier threat was emerging. Hitting low-income communities hard. |
371 | 00:25:53,510 | 00:25:57,080 | [McDaniels] I grew up in Queens, New York, which was like the suburbs. | [McDaniels] I grew up in Queens, New York, which was like the suburbs. |
372 | 00:25:57,350 | 00:25:59,890 | We wasn't rich but people would mow their lawn. | We wasn't rich but people would mow their lawn. |
373 | 00:25:59,990 | 00:26:03,620 | And the kids would play in the sprinklers and ride their big wheels. | And the kids would play in the sprinklers and ride their big wheels. |
374 | 00:26:03,720 | 00:26:10,500 | You had the candy store. You had the delicatessen. You had the real estate office. | You had the candy store. You had the delicatessen. You had the real estate office. |
375 | 00:26:11,700 | 00:26:16,740 | In the 80s, I came back to my neighborhood and everybody started looking different. | In the 80s, I came back to my neighborhood and everybody started looking different. |
376 | 00:26:16,840 | 00:26:20,170 | My friend's sister, who was the sexiest girl in the neighborhood, | My friend's sister, who was the sexiest girl in the neighborhood, |
377 | 00:26:20,270 | 00:26:26,950 | came looking like someone out "The Walking Dead." It was a plague when crack came. | came looking like someone out "The Walking Dead." It was a plague when crack came. |
378 | 00:26:27,050 | 00:26:32,020 | [newsreader] Purveyors of the drug cocaine are now selling it in its purest form called crack. | [newsreader] Purveyors of the drug cocaine are now selling it in its purest form called crack. |
379 | 00:26:32,120 | 00:26:35,120 | Much of the nation's crack problem is concentrated in New York. | Much of the nation's crack problem is concentrated in New York. |
380 | 00:26:35,220 | 00:26:39,430 | Crack is basically just cocaine with a couple of ingredients added | Crack is basically just cocaine with a couple of ingredients added |
381 | 00:26:39,530 | 00:26:42,290 | and you throw it in the microwave. You had a situation | and you throw it in the microwave. You had a situation |
382 | 00:26:42,400 | 00:26:46,300 | where if you smoke crack, you're going to immediately love it. | where if you smoke crack, you're going to immediately love it. |
383 | 00:26:46,400 | 00:26:50,040 | [newsreader] Crack is smoked freebase and those who've used crack | [newsreader] Crack is smoked freebase and those who've used crack |
384 | 00:26:50,140 | 00:26:53,910 | describe the drug as the most powerful high they've ever had. | describe the drug as the most powerful high they've ever had. |
385 | 00:26:54,010 | 00:26:59,680 | It is what they call "the instant high." Once you ingest it, you're done. | It is what they call "the instant high." Once you ingest it, you're done. |
386 | 00:26:59,780 | 00:27:05,680 | That high that you would get off that freebase would make all your troubles fade away. | That high that you would get off that freebase would make all your troubles fade away. |
387 | 00:27:06,220 | 00:27:09,120 | [Deveney] That high only lasts about 15 minutes. | [Deveney] That high only lasts about 15 minutes. |
388 | 00:27:09,220 | 00:27:12,790 | When you get through those 15 minutes, you're gonna need more. | When you get through those 15 minutes, you're gonna need more. |
389 | 00:27:13,390 | 00:27:15,530 | [interviewee] You're speeding like 100 miles an hour. | [interviewee] You're speeding like 100 miles an hour. |
390 | 00:27:15,630 | 00:27:18,660 | And when the mind is going that fast, it's just normal for you to become violent. | And when the mind is going that fast, it's just normal for you to become violent. |
391 | 00:27:18,770 | 00:27:21,030 | People were out of their minds, literally. | People were out of their minds, literally. |
392 | 00:27:21,140 | 00:27:24,740 | You go through such a low when you're out and you can't get any more | You go through such a low when you're out and you can't get any more |
393 | 00:27:24,840 | 00:27:25,970 | that you're ready to kill. | that you're ready to kill. |
394 | 00:27:26,610 | 00:27:28,270 | I remember one case, | I remember one case, |
395 | 00:27:28,380 | 00:27:33,150 | this young man had murdered his mother for money to buy crack. | this young man had murdered his mother for money to buy crack. |
396 | 00:27:33,250 | 00:27:35,850 | This was going on all over the city. | This was going on all over the city. |
397 | 00:27:36,580 | 00:27:41,220 | [Weatherspoon] People sold their souls to not live in their reality. | [Weatherspoon] People sold their souls to not live in their reality. |
398 | 00:27:41,320 | 00:27:44,760 | [newsreader] Crack is cocaine marketed to a lower-income people. | [newsreader] Crack is cocaine marketed to a lower-income people. |
399 | 00:27:44,860 | 00:27:49,400 | It's a very, very cheaply made drug. You could buy it for five bucks at a time. | It's a very, very cheaply made drug. You could buy it for five bucks at a time. |
400 | 00:27:49,900 | 00:27:54,330 | [Weatherspoon] Jobs disappear. Housing goes down the tube. Schools are not good. | [Weatherspoon] Jobs disappear. Housing goes down the tube. Schools are not good. |
401 | 00:27:54,440 | 00:27:59,440 | And then you bring in the drugs and the hustle to make a dollar. And you get it going. | And then you bring in the drugs and the hustle to make a dollar. And you get it going. |
402 | 00:28:00,010 | 00:28:04,710 | Crack dealers were making so much money off it. It made success easy. | Crack dealers were making so much money off it. It made success easy. |
403 | 00:28:04,810 | 00:28:10,520 | You could sell it for five bucks because you knew that once somebody smoked it once, | You could sell it for five bucks because you knew that once somebody smoked it once, |
404 | 00:28:10,620 | 00:28:12,520 | they'd be back probably in a half hour. | they'd be back probably in a half hour. |
405 | 00:28:12,620 | 00:28:15,790 | [chanting] We want our buildings back, no more crime, no more crack. | [chanting] We want our buildings back, no more crime, no more crack. |
406 | 00:28:15,990 | 00:28:18,220 | They have to take a stand, just like we're doing. | They have to take a stand, just like we're doing. |
407 | 00:28:18,330 | 00:28:21,360 | If they wanna get these drugs out of the neighborhood, they've got to take a stand. | If they wanna get these drugs out of the neighborhood, they've got to take a stand. |
408 | 00:28:21,930 | 00:28:25,230 | [Weatherspoon] You have decent people living in poor neighborhoods. | [Weatherspoon] You have decent people living in poor neighborhoods. |
409 | 00:28:25,330 | 00:28:27,400 | That's where they can afford to live. | That's where they can afford to live. |
410 | 00:28:27,500 | 00:28:32,810 | While those involved in the drug trade are surrounding them and smothering them. | While those involved in the drug trade are surrounding them and smothering them. |
411 | 00:28:32,910 | 00:28:36,280 | [newsreader] Crack use has grown so fast that it's outstripping the ability | [newsreader] Crack use has grown so fast that it's outstripping the ability |
412 | 00:28:36,380 | 00:28:38,810 | of law enforcement and drug treatment authorities to cope with it. | of law enforcement and drug treatment authorities to cope with it. |
413 | 00:28:38,910 | 00:28:42,610 | This has reached epidemic portions. | This has reached epidemic portions. |
414 | 00:28:42,720 | 00:28:45,120 | [Guilianni] I don't think we incapacitate drug dealers. | [Guilianni] I don't think we incapacitate drug dealers. |
415 | 00:28:45,220 | 00:28:49,460 | We do not put them away for long enough periods of time to really make a difference. | We do not put them away for long enough periods of time to really make a difference. |
416 | 00:28:50,660 | 00:28:56,360 | As soon as crack becomes a high profile problem, Giuliani instantly seizes on it. | As soon as crack becomes a high profile problem, Giuliani instantly seizes on it. |
417 | 00:28:56,460 | 00:29:01,300 | We do not give 40- and 50-year prison sentences that put the major drug dealers away. | We do not give 40- and 50-year prison sentences that put the major drug dealers away. |
418 | 00:29:01,400 | 00:29:05,940 | [Byfield] Giuliani earned this reputation as this law-and-order person. | [Byfield] Giuliani earned this reputation as this law-and-order person. |
419 | 00:29:06,040 | 00:29:09,910 | "The War on Drugs." He took that up as a part of his mantle. | "The War on Drugs." He took that up as a part of his mantle. |
420 | 00:29:10,010 | 00:29:13,010 | We will prosecute the biggest drug cases, the medium-sized drug cases, | We will prosecute the biggest drug cases, the medium-sized drug cases, |
421 | 00:29:13,110 | 00:29:17,680 | and the street drug cases in areas where the local courts for one reason or another | and the street drug cases in areas where the local courts for one reason or another |
422 | 00:29:17,790 | 00:29:20,120 | aren't able to deliver a deterrent effect. | aren't able to deliver a deterrent effect. |
423 | 00:29:20,220 | 00:29:25,260 | [Mahler] As US Attorney, Giuliani decided to demand stricter sentences | [Mahler] As US Attorney, Giuliani decided to demand stricter sentences |
424 | 00:29:25,360 | 00:29:27,290 | for low-level drug dealers. | for low-level drug dealers. |
425 | 00:29:27,390 | 00:29:30,960 | In most cases, these low-level drug dealers were people of color. | In most cases, these low-level drug dealers were people of color. |
426 | 00:29:31,070 | 00:29:35,970 | The prosecutor's crusade for stricter federal sentences largely impacted | The prosecutor's crusade for stricter federal sentences largely impacted |
427 | 00:29:36,070 | 00:29:41,310 | the city's poorer communities. With mandatory five-year prison terms for dealers and users. | the city's poorer communities. With mandatory five-year prison terms for dealers and users. |
428 | 00:29:41,410 | 00:29:43,040 | [newsreader] Narcotics police in northern Manhattan | [newsreader] Narcotics police in northern Manhattan |
429 | 00:29:43,140 | 00:29:45,680 | arrest small time dealers almost every night. | arrest small time dealers almost every night. |
430 | 00:29:45,910 | 00:29:49,880 | While crack is being used in poorer communities, | While crack is being used in poorer communities, |
431 | 00:29:49,980 | 00:29:53,450 | the people who are using the powdered version of cocaine | the people who are using the powdered version of cocaine |
432 | 00:29:53,550 | 00:29:58,960 | all across wealthy communities are not demonized in the press in the same way. | all across wealthy communities are not demonized in the press in the same way. |
433 | 00:29:59,730 | 00:30:05,060 | The fear that was generated around crack allowed huge disparities | The fear that was generated around crack allowed huge disparities |
434 | 00:30:05,170 | 00:30:07,470 | in arrests, prosecutions, sentencing. | in arrests, prosecutions, sentencing. |
435 | 00:30:07,570 | 00:30:10,840 | Crack cocaine would get you a ten-year sentence | Crack cocaine would get you a ten-year sentence |
436 | 00:30:10,940 | 00:30:13,470 | while cocaine might get you probation. | while cocaine might get you probation. |
437 | 00:30:13,940 | 00:30:19,180 | [Byfield] People didn't think twice about the lengthening of sentencing | [Byfield] People didn't think twice about the lengthening of sentencing |
438 | 00:30:19,280 | 00:30:23,180 | and police abuse of power in fighting the drug problem. | and police abuse of power in fighting the drug problem. |
439 | 00:30:23,280 | 00:30:27,820 | [newsreader] This is called Operation Pressure Point. Local police make the arrests | [newsreader] This is called Operation Pressure Point. Local police make the arrests |
440 | 00:30:27,920 | 00:30:32,360 | and turn the suspects over to US Attorney Giuliani's staff for prosecution. | and turn the suspects over to US Attorney Giuliani's staff for prosecution. |
441 | 00:30:32,460 | 00:30:34,890 | I take on things that nobody else has ever taken on | I take on things that nobody else has ever taken on |
442 | 00:30:35,000 | 00:30:38,430 | and I accomplish things that others haven't accomplished. | and I accomplish things that others haven't accomplished. |
443 | 00:30:38,530 | 00:30:41,370 | While the prosecutor's tough stance played well in the press, | While the prosecutor's tough stance played well in the press, |
444 | 00:30:41,470 | 00:30:44,770 | his harsh policies devastated neighborhood after neighborhood. | his harsh policies devastated neighborhood after neighborhood. |
445 | 00:30:46,640 | 00:30:49,110 | Angering many people in those communities. | Angering many people in those communities. |
446 | 00:30:49,210 | 00:30:53,080 | And it wouldn't be long before they made their voices heard. | And it wouldn't be long before they made their voices heard. |
447 | 00:30:55,850 | 00:30:59,750 | By the late 1980s, homicide rates had hit record highs in New York City | By the late 1980s, homicide rates had hit record highs in New York City |
448 | 00:30:59,850 | 00:31:02,350 | and pressure was mounting to curb the violence. | and pressure was mounting to curb the violence. |
449 | 00:31:03,820 | 00:31:05,360 | And despite major blows to organized crime, | And despite major blows to organized crime, |
450 | 00:31:05,460 | 00:31:09,860 | the US attorney's office had yet to catch public enemy number one. | the US attorney's office had yet to catch public enemy number one. |
451 | 00:31:10,700 | 00:31:13,270 | John Gotti understood power and strength. | John Gotti understood power and strength. |
452 | 00:31:14,540 | 00:31:18,440 | [Gabriel] It was important for him to show everyone he was an invincible boss. | [Gabriel] It was important for him to show everyone he was an invincible boss. |
453 | 00:31:18,540 | 00:31:22,310 | You just didn't wanna cross him. To his own people, he was ruthless. | You just didn't wanna cross him. To his own people, he was ruthless. |
454 | 00:31:23,380 | 00:31:25,880 | He was a tough guy and he wasn't afraid of anything. | He was a tough guy and he wasn't afraid of anything. |
455 | 00:31:25,980 | 00:31:29,450 | He truly believed that nobody would ever convict him. | He truly believed that nobody would ever convict him. |
456 | 00:31:29,550 | 00:31:34,250 | The FBI had been hunting the new godfather since he knocked off his boss. | The FBI had been hunting the new godfather since he knocked off his boss. |
457 | 00:31:34,360 | 00:31:37,060 | And so far, he'd escaped every trap they'd set. | And so far, he'd escaped every trap they'd set. |
458 | 00:31:37,160 | 00:31:41,390 | They knew they had to find a new approach and fast. | They knew they had to find a new approach and fast. |
459 | 00:31:43,160 | 00:31:46,770 | [newsreader] Gotti has been tried and tailed for five years now. | [newsreader] Gotti has been tried and tailed for five years now. |
460 | 00:31:46,870 | 00:31:50,840 | In that time never convicted of a crime. Outfoxing the foxes | In that time never convicted of a crime. Outfoxing the foxes |
461 | 00:31:50,940 | 00:31:55,440 | in a big stakes game of cops and robbers that has made Gotti kind of a legend. | in a big stakes game of cops and robbers that has made Gotti kind of a legend. |
462 | 00:31:56,410 | 00:32:01,210 | [Gabriel] The government couldn't get him. So by the time he gets acquittal number two, | [Gabriel] The government couldn't get him. So by the time he gets acquittal number two, |
463 | 00:32:01,320 | 00:32:04,780 | he's becoming this folk hero even to the mob. | he's becoming this folk hero even to the mob. |
464 | 00:32:04,890 | 00:32:09,590 | His third acquittal, people are now even more fearful of the mob | His third acquittal, people are now even more fearful of the mob |
465 | 00:32:09,690 | 00:32:13,160 | because, god, you can't even put this guy in jail, everyone knows he killed the boss, | because, god, you can't even put this guy in jail, everyone knows he killed the boss, |
466 | 00:32:13,260 | 00:32:15,190 | he's doing all this stuff, you can't touch him. | he's doing all this stuff, you can't touch him. |
467 | 00:32:15,300 | 00:32:18,500 | He was just out there and almost thumbing his nose at law enforcement. | He was just out there and almost thumbing his nose at law enforcement. |
468 | 00:32:18,600 | 00:32:23,040 | [Mouw] He became a magical figure in the city of New York. | [Mouw] He became a magical figure in the city of New York. |
469 | 00:32:24,000 | 00:32:26,100 | [Gabriel] Everybody was pulling for John Gotti. | [Gabriel] Everybody was pulling for John Gotti. |
470 | 00:32:26,210 | 00:32:29,510 | They've dismissed how bad of a guy he was. | They've dismissed how bad of a guy he was. |
471 | 00:32:29,610 | 00:32:32,040 | [newsreader] Gotti is somewhat of a local hero here. | [newsreader] Gotti is somewhat of a local hero here. |
472 | 00:32:32,450 | 00:32:34,550 | A lot of people said, "Boy, you're never gonna catch him. | A lot of people said, "Boy, you're never gonna catch him. |
473 | 00:32:34,650 | 00:32:37,480 | "You will never get this guy, he's untouchable. He's beaten all these cases." | "You will never get this guy, he's untouchable. He's beaten all these cases." |
474 | 00:32:37,580 | 00:32:41,350 | And it just created a sort of, almost a frenzy within law enforcement | And it just created a sort of, almost a frenzy within law enforcement |
475 | 00:32:41,460 | 00:32:47,030 | to try and make a case on him. And at that point, we had already been investigating Gotti | to try and make a case on him. And at that point, we had already been investigating Gotti |
476 | 00:32:47,530 | 00:32:51,560 | The FBI felt it needed taped conversations. | The FBI felt it needed taped conversations. |
477 | 00:32:52,270 | 00:32:55,830 | [Mouw] Our goal was to find out where John conducts his criminal activities | [Mouw] Our goal was to find out where John conducts his criminal activities |
478 | 00:32:55,940 | 00:32:59,000 | and put a microphone there and record all the conversations. | and put a microphone there and record all the conversations. |
479 | 00:32:59,110 | 00:33:02,570 | And it quickly became apparent that John established his headquarters | And it quickly became apparent that John established his headquarters |
480 | 00:33:02,680 | 00:33:06,380 | at the old Ravenite Social Club, 247 Mulberry Street. | at the old Ravenite Social Club, 247 Mulberry Street. |
481 | 00:33:07,050 | 00:33:09,150 | And after a few months we are able to pick up a pattern | And after a few months we are able to pick up a pattern |
482 | 00:33:09,250 | 00:33:11,850 | where he was coming there four to five nights a week. | where he was coming there four to five nights a week. |
483 | 00:33:11,950 | 00:33:15,020 | [newsreader] On the northern end of Little Italy, a brick façade | [newsreader] On the northern end of Little Italy, a brick façade |
484 | 00:33:15,120 | 00:33:19,060 | has replaced a wooden store front. It is the Ravenite Social Club. | has replaced a wooden store front. It is the Ravenite Social Club. |
485 | 00:33:20,230 | 00:33:23,400 | And more importantly for us, all the captains of the Gambino family | And more importantly for us, all the captains of the Gambino family |
486 | 00:33:23,500 | 00:33:25,100 | were summoned to meet him there. | were summoned to meet him there. |
487 | 00:33:26,530 | 00:33:29,900 | So every night you'd have four or five captains, 30 or 40 soldiers, | So every night you'd have four or five captains, 30 or 40 soldiers, |
488 | 00:33:30,000 | 00:33:36,140 | the associates in this club or outside the club. Which is a godsend for law enforcement. | the associates in this club or outside the club. Which is a godsend for law enforcement. |
489 | 00:33:37,510 | 00:33:41,350 | [McDonald] We were up doing physical surveillance and listening to devices | [McDonald] We were up doing physical surveillance and listening to devices |
490 | 00:33:41,450 | 00:33:45,250 | for a period of about eight months, struggling to get audible conversations. | for a period of about eight months, struggling to get audible conversations. |
491 | 00:33:45,350 | 00:33:50,090 | There's just a lot of people in a small room, all talking at the same time. | There's just a lot of people in a small room, all talking at the same time. |
492 | 00:33:50,190 | 00:33:54,630 | We were getting bits and pieces that led us to understand we were in the right place | We were getting bits and pieces that led us to understand we were in the right place |
493 | 00:33:54,730 | 00:33:56,960 | but nothing we could indict with. | but nothing we could indict with. |
494 | 00:33:57,060 | 00:34:00,530 | And a lot of people this time said, "You're wasting your time, you'll never get him." | And a lot of people this time said, "You're wasting your time, you'll never get him." |
495 | 00:34:02,770 | 00:34:05,270 | In the summer of '89 we finally got a nice break. | In the summer of '89 we finally got a nice break. |
496 | 00:34:07,010 | 00:34:12,580 | The FBI found out that Gotti was using an apartment two stories | The FBI found out that Gotti was using an apartment two stories |
497 | 00:34:12,680 | 00:34:17,650 | above the Ravenite Social Club to discuss important family business. | above the Ravenite Social Club to discuss important family business. |
498 | 00:34:18,190 | 00:34:21,220 | [Mouw] We found out that they're using an apartment up there owned by this widow | [Mouw] We found out that they're using an apartment up there owned by this widow |
499 | 00:34:21,320 | 00:34:24,490 | named Mrs. Cirelli, whose husband used to be a Gambino soldier, | named Mrs. Cirelli, whose husband used to be a Gambino soldier, |
500 | 00:34:24,590 | 00:34:26,320 | Mike Cirelli, used to run the club. | Mike Cirelli, used to run the club. |
501 | 00:34:27,900 | 00:34:32,760 | [Capeci] One particular weekend, when the widow was out of town, | [Capeci] One particular weekend, when the widow was out of town, |
502 | 00:34:33,900 | 00:34:39,070 | the FBI got in and they put a bug in her apartment. | the FBI got in and they put a bug in her apartment. |
503 | 00:34:40,740 | 00:34:43,840 | [McDonald] We had a location to observe comings and goings | [McDonald] We had a location to observe comings and goings |
504 | 00:34:43,940 | 00:34:47,410 | and we were tape recording conversations. | and we were tape recording conversations. |
505 | 00:34:50,520 | 00:34:52,520 | [Mouw] We hear him clomping up the stairs. | [Mouw] We hear him clomping up the stairs. |
506 | 00:34:54,320 | 00:35:00,090 | We hear the front door open. John Gotti is deaf in his left ear so they had to talk loud. | We hear the front door open. John Gotti is deaf in his left ear so they had to talk loud. |
507 | 00:35:02,000 | 00:35:04,230 | [Capeci] The FBI captured Gotti | [Capeci] The FBI captured Gotti |
508 | 00:35:04,330 | 00:35:10,670 | admitting to voluminous organized crime activity as well as murders. | admitting to voluminous organized crime activity as well as murders. |
509 | 00:35:24,450 | 00:35:28,820 | Tape recorded conversations were a gold mine for the FBI. They were a jackpot for them. | Tape recorded conversations were a gold mine for the FBI. They were a jackpot for them. |
510 | 00:35:29,860 | 00:35:34,390 | [Gabriel] Very much to our surprise, we hear John on a diatribe | [Gabriel] Very much to our surprise, we hear John on a diatribe |
511 | 00:35:34,500 | 00:35:38,160 | about why he killed Paul Castellano. He starts the conversation, | about why he killed Paul Castellano. He starts the conversation, |
512 | 00:35:38,270 | 00:35:42,300 | "When that guy Paul got sick." that was Paul died. | "When that guy Paul got sick." that was Paul died. |
513 | 00:35:42,770 | 00:35:47,910 | You know, here we are, several years after they killed this guy, it was astonishing to us. | You know, here we are, several years after they killed this guy, it was astonishing to us. |
514 | 00:35:48,380 | 00:35:52,980 | Fortunately for law enforcement, Gotti supplied many smoking guns | Fortunately for law enforcement, Gotti supplied many smoking guns |
515 | 00:35:53,080 | 00:35:56,980 | through his own words. He was intercepted taking about, you know, | through his own words. He was intercepted taking about, you know, |
516 | 00:35:57,080 | 00:36:00,350 | ordering the executions of people, saying that he was responsible for their murders. | ordering the executions of people, saying that he was responsible for their murders. |
517 | 00:36:00,590 | 00:36:02,190 | The smoking gun was Gotti himself. | The smoking gun was Gotti himself. |
518 | 00:36:02,990 | 00:36:06,690 | Just by listening to the tapes that we had, we knew we had a case that was solid, | Just by listening to the tapes that we had, we knew we had a case that was solid, |
519 | 00:36:06,790 | 00:36:09,360 | the game was over. The end was near. | the game was over. The end was near. |
520 | 00:36:12,570 | 00:36:17,070 | January, 1989. New York City. | January, 1989. New York City. |
521 | 00:36:17,170 | 00:36:23,110 | A blunt spoken prosecutor with boundless ambition had felled giant after giant. | A blunt spoken prosecutor with boundless ambition had felled giant after giant. |
522 | 00:36:23,210 | 00:36:25,580 | And now the end game was in sight. | And now the end game was in sight. |
523 | 00:36:26,010 | 00:36:29,750 | Crime buster, US Attorney Rudolph Giuliani announced that he is stepping down | Crime buster, US Attorney Rudolph Giuliani announced that he is stepping down |
524 | 00:36:29,850 | 00:36:32,920 | at the end of this month. He didn't say why but many believe | at the end of this month. He didn't say why but many believe |
525 | 00:36:33,020 | 00:36:36,690 | that he will be a Republican candidate for mayor of New York City. | that he will be a Republican candidate for mayor of New York City. |
526 | 00:36:36,790 | 00:36:40,360 | Giuliani was probably the most effective US Attorney | Giuliani was probably the most effective US Attorney |
527 | 00:36:40,460 | 00:36:42,190 | for the Southern District in history. | for the Southern District in history. |
528 | 00:36:44,300 | 00:36:47,630 | During his years as US Attorney, he really changed the nature of the office | During his years as US Attorney, he really changed the nature of the office |
529 | 00:36:47,730 | 00:36:49,800 | so that it became much more aggressive. | so that it became much more aggressive. |
530 | 00:36:51,570 | 00:36:54,940 | Rudy takes down all of the big villains of New York City, you know, a cast of bad guys. | Rudy takes down all of the big villains of New York City, you know, a cast of bad guys. |
531 | 00:36:55,040 | 00:36:58,880 | The prosecutor had been hounding the mafia for years | The prosecutor had been hounding the mafia for years |
532 | 00:36:58,980 | 00:37:02,610 | and the last domino to fall would be the Dapper Don himself. | and the last domino to fall would be the Dapper Don himself. |
533 | 00:37:02,720 | 00:37:06,150 | [newsreader] John Gotti, the reputed boss of the nation's largest mafia family | [newsreader] John Gotti, the reputed boss of the nation's largest mafia family |
534 | 00:37:06,250 | 00:37:09,550 | was arrested tonight along with his top three associates | was arrested tonight along with his top three associates |
535 | 00:37:09,660 | 00:37:13,390 | in a move by the FBI to crush the Gambino crime family. | in a move by the FBI to crush the Gambino crime family. |
536 | 00:37:13,560 | 00:37:15,660 | We decided to arrest him at the Ravenite. | We decided to arrest him at the Ravenite. |
537 | 00:37:15,760 | 00:37:18,300 | And I walked down there later, it was like shock and awe right after, you know, | And I walked down there later, it was like shock and awe right after, you know, |
538 | 00:37:18,400 | 00:37:21,130 | bombing attack, 'cause there are like 20 Gambino guys in there. | bombing attack, 'cause there are like 20 Gambino guys in there. |
539 | 00:37:21,240 | 00:37:24,400 | And they're all sitting out there smoking, looking around. They were amazed. | And they're all sitting out there smoking, looking around. They were amazed. |
540 | 00:37:24,500 | 00:37:29,010 | The greatest fear was that John Gotti got arrested. These are like the untouchables. | The greatest fear was that John Gotti got arrested. These are like the untouchables. |
541 | 00:37:29,110 | 00:37:33,210 | In many respects, I have to say the guy was a very good wise guy. | In many respects, I have to say the guy was a very good wise guy. |
542 | 00:37:33,310 | 00:37:38,750 | But what draws against that is the fact that he did everything so publicly, | But what draws against that is the fact that he did everything so publicly, |
543 | 00:37:38,850 | 00:37:43,920 | made so many stupid mistakes and really brought down the Gambino family. | made so many stupid mistakes and really brought down the Gambino family. |
544 | 00:37:44,020 | 00:37:48,530 | So where he was a good wise guy, he wasn't good at how he executed it. | So where he was a good wise guy, he wasn't good at how he executed it. |
545 | 00:37:48,630 | 00:37:52,530 | [newsreader] Arrested with Gotti tonight was his under boss Sammy "The Bull" Gravano, | [newsreader] Arrested with Gotti tonight was his under boss Sammy "The Bull" Gravano, |
546 | 00:37:52,630 | 00:37:55,970 | his consigliere, or family advisor, Frank Locascio. | his consigliere, or family advisor, Frank Locascio. |
547 | 00:37:56,070 | 00:37:59,870 | And one of his top capos or captains, Tommy Gambino. | And one of his top capos or captains, Tommy Gambino. |
548 | 00:37:59,970 | 00:38:03,170 | If he beats this massive federal case brought on by the FBI, | If he beats this massive federal case brought on by the FBI, |
549 | 00:38:03,280 | 00:38:07,450 | it could make him the biggest gangster in America since the legendary Al Capone. | it could make him the biggest gangster in America since the legendary Al Capone. |
550 | 00:38:07,550 | 00:38:12,620 | If he loses, it's likely Gotti will spend the rest of his life in jail. | If he loses, it's likely Gotti will spend the rest of his life in jail. |
551 | 00:38:12,720 | 00:38:17,690 | And just as he chased gangsters in Queens, the prosecutor also took aim | And just as he chased gangsters in Queens, the prosecutor also took aim |
552 | 00:38:17,790 | 00:38:23,460 | at traders in Manhattan. His biggest catch? The king of arbitrage himself. | at traders in Manhattan. His biggest catch? The king of arbitrage himself. |
553 | 00:38:23,960 | 00:38:26,700 | Picture this. Ivan Boesky jail bird. | Picture this. Ivan Boesky jail bird. |
554 | 00:38:26,800 | 00:38:29,570 | [Guiliani] The three-year sentence given by Judge Lasker | [Guiliani] The three-year sentence given by Judge Lasker |
555 | 00:38:29,670 | 00:38:33,840 | gives the real world of what happens in criminal proceedings | gives the real world of what happens in criminal proceedings |
556 | 00:38:33,940 | 00:38:37,180 | and in federal courts around this country. A heavy sentence. | and in federal courts around this country. A heavy sentence. |
557 | 00:38:37,280 | 00:38:40,810 | Mr. Boesky accepts the court's decision. | Mr. Boesky accepts the court's decision. |
558 | 00:38:41,550 | 00:38:44,420 | He now must pick up the remnants | He now must pick up the remnants |
559 | 00:38:44,520 | 00:38:48,420 | and try to get on with the business of living | and try to get on with the business of living |
560 | 00:38:48,520 | 00:38:51,520 | a constructive and useful life. | a constructive and useful life. |
561 | 00:38:51,630 | 00:38:56,430 | For Boesky to go from Master of the Universe to a prisoner, surely humbled him. | For Boesky to go from Master of the Universe to a prisoner, surely humbled him. |
562 | 00:38:56,530 | 00:38:59,700 | I think surely it depressed him. | I think surely it depressed him. |
563 | 00:38:59,800 | 00:39:04,370 | Ivan Boesky, who was used to earning more than a million dollars in a single day, | Ivan Boesky, who was used to earning more than a million dollars in a single day, |
564 | 00:39:04,470 | 00:39:09,270 | will now be paid 11 cents an hour for his work at the prison. | will now be paid 11 cents an hour for his work at the prison. |
565 | 00:39:09,510 | 00:39:14,210 | Ivan Boesky spent a couple of years at a low security prison out in California. | Ivan Boesky spent a couple of years at a low security prison out in California. |
566 | 00:39:14,310 | 00:39:17,680 | You go, you do your time and with luck, you know, no one shivs you. | You go, you do your time and with luck, you know, no one shivs you. |
567 | 00:39:17,780 | 00:39:23,920 | He got shamed. He's not a guy who's gonna be celebrated in gossip columns. | He got shamed. He's not a guy who's gonna be celebrated in gossip columns. |
568 | 00:39:24,020 | 00:39:27,190 | He's gonna be, guy's gonna walk down the street and people are gonna whisper, | He's gonna be, guy's gonna walk down the street and people are gonna whisper, |
569 | 00:39:27,290 | 00:39:30,800 | "Hey, that's Ivan Boesky. That's the guy who went to jail." | "Hey, that's Ivan Boesky. That's the guy who went to jail." |
570 | 00:39:30,900 | 00:39:33,300 | He's got a scarlet letter on his head. | He's got a scarlet letter on his head. |
571 | 00:39:34,200 | 00:39:36,800 | But people are capable of having second acts. | But people are capable of having second acts. |
572 | 00:39:39,040 | 00:39:44,110 | And there was the Queen of the Palace herself, prosecuted for tax fraud. | And there was the Queen of the Palace herself, prosecuted for tax fraud. |
573 | 00:39:44,210 | 00:39:46,640 | Many embittered associates testified against her | Many embittered associates testified against her |
574 | 00:39:46,750 | 00:39:51,880 | but in the end, it was her own words that would truly seal her fate. | but in the end, it was her own words that would truly seal her fate. |
575 | 00:39:51,990 | 00:39:57,790 | Leona's line that only the little people pay taxes resonated so much | Leona's line that only the little people pay taxes resonated so much |
576 | 00:39:57,890 | 00:39:59,990 | after this exhausting decade | after this exhausting decade |
577 | 00:40:00,090 | 00:40:05,330 | of the big shots getting richer while others were not. | of the big shots getting richer while others were not. |
578 | 00:40:05,430 | 00:40:10,840 | Here was a perfect expression of the ruling class. | Here was a perfect expression of the ruling class. |
579 | 00:40:10,940 | 00:40:14,610 | She has a reputation that is a woman who really has no scruples. | She has a reputation that is a woman who really has no scruples. |
580 | 00:40:14,710 | 00:40:19,740 | Greed will do you in and I guess that's what they, motto that they live by. | Greed will do you in and I guess that's what they, motto that they live by. |
581 | 00:40:19,850 | 00:40:22,850 | After a two-month trial, a jury found her guilty. | After a two-month trial, a jury found her guilty. |
582 | 00:40:24,220 | 00:40:27,420 | [Devita] Leona Helmsley was convicted of income tax evasion. | [Devita] Leona Helmsley was convicted of income tax evasion. |
583 | 00:40:27,520 | 00:40:31,160 | She was convicted of aiding, assisting in the filing of false tax returns. | She was convicted of aiding, assisting in the filing of false tax returns. |
584 | 00:40:31,260 | 00:40:36,260 | She was convicted of mail fraud in connection with her New York state income tax returns. | She was convicted of mail fraud in connection with her New York state income tax returns. |
585 | 00:40:36,360 | 00:40:40,630 | [Feldshuh] She stepped over bodies to make sure she had her marble dance floor. | [Feldshuh] She stepped over bodies to make sure she had her marble dance floor. |
586 | 00:40:40,730 | 00:40:42,700 | And that was her downfall. | And that was her downfall. |
587 | 00:40:42,800 | 00:40:48,210 | She was brought to account for her misdeeds. | She was brought to account for her misdeeds. |
588 | 00:40:48,310 | 00:40:52,180 | [newsreader] Many New Yorkers consider her the personification of greed. | [newsreader] Many New Yorkers consider her the personification of greed. |
589 | 00:40:52,280 | 00:40:57,680 | Leona Helmsley had become a symbol of excess and of greed | Leona Helmsley had become a symbol of excess and of greed |
590 | 00:40:57,780 | 00:41:00,550 | and of just how money can just make someone awful. | and of just how money can just make someone awful. |
591 | 00:41:00,650 | 00:41:04,960 | Leona Helmsley was so awful that even Donald Trump took pleasure in her fall. | Leona Helmsley was so awful that even Donald Trump took pleasure in her fall. |
592 | 00:41:05,060 | 00:41:07,060 | Harry would never fire him, he's... [inaudible] | Harry would never fire him, he's... [inaudible] |
593 | 00:41:07,160 | 00:41:10,700 | Perhaps unsurprisingly, she immediately planned an appeal. | Perhaps unsurprisingly, she immediately planned an appeal. |
594 | 00:41:11,430 | 00:41:18,040 | I have done nothing wrong. I'm innocent. My only crime is that I'm Leona Helmsley. | I have done nothing wrong. I'm innocent. My only crime is that I'm Leona Helmsley. |
595 | 00:41:22,110 | 00:41:24,740 | As the decade's icons faced a day of reckoning, | As the decade's icons faced a day of reckoning, |
596 | 00:41:24,850 | 00:41:29,250 | the former sheriff of New York moved to seize control of the whole city. | the former sheriff of New York moved to seize control of the whole city. |
597 | 00:41:29,620 | 00:41:31,380 | [announcer] The man who's gonna be our next Mayor, | [announcer] The man who's gonna be our next Mayor, |
598 | 00:41:31,490 | 00:41:34,990 | who's gonna give the City of New York back its soul, Rudy Giuliani. | who's gonna give the City of New York back its soul, Rudy Giuliani. |
599 | 00:41:35,090 | 00:41:37,360 | [applause] | [applause] |
600 | 00:41:37,460 | 00:41:39,920 | [Kirtzman] In New York there's no greater stage than mayor. | [Kirtzman] In New York there's no greater stage than mayor. |
601 | 00:41:40,030 | 00:41:43,360 | The mayor is the center of the tabloid's focus. | The mayor is the center of the tabloid's focus. |
602 | 00:41:43,460 | 00:41:48,230 | New York is a city overwhelmed by crime, crack, and corruption. | New York is a city overwhelmed by crime, crack, and corruption. |
603 | 00:41:48,340 | 00:41:52,200 | There was a sense the New York was out of control and Giuliani, | There was a sense the New York was out of control and Giuliani, |
604 | 00:41:52,310 | 00:41:57,180 | his whole thing is control. And so it was a natural office for him to run for. | his whole thing is control. And so it was a natural office for him to run for. |
605 | 00:41:57,280 | 00:42:02,910 | Now is the time to take our city back from the violent criminals on the streets | Now is the time to take our city back from the violent criminals on the streets |
606 | 00:42:03,020 | 00:42:06,050 | and the white collar criminals in their office suites. | and the white collar criminals in their office suites. |
607 | 00:42:06,150 | 00:42:12,220 | Coming in as a hard lying guy, the cops are backing him, the days are numbered for that. | Coming in as a hard lying guy, the cops are backing him, the days are numbered for that. |
608 | 00:42:12,330 | 00:42:16,190 | The candidate's years of combative tactics would lead to his own day of reckoning | The candidate's years of combative tactics would lead to his own day of reckoning |
609 | 00:42:16,300 | 00:42:20,930 | when he faced his toughest opponent yet: the citizens of New York City. | when he faced his toughest opponent yet: the citizens of New York City. |
610 | 00:42:21,030 | 00:42:24,240 | Before the night is over, New Yorkers will either elect David Denkins, | Before the night is over, New Yorkers will either elect David Denkins, |
611 | 00:42:24,340 | 00:42:26,700 | the first black mayor of New York City history, | the first black mayor of New York City history, |
612 | 00:42:26,810 | 00:42:29,210 | or one-time US Attorney Rudolph Giuliani | or one-time US Attorney Rudolph Giuliani |
613 | 00:42:29,310 | 00:42:31,480 | will become the first Republican mayor in 20 years. | will become the first Republican mayor in 20 years. |
614 | 00:42:31,580 | 00:42:35,080 | Giuliani's mayoral run was a total disaster. | Giuliani's mayoral run was a total disaster. |
614 | 00:42:31,580 | 00:42:35,080 | Giuliani's mayoral run was a total disaster. | Giuliani's mayoral run was a total disaster. |