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1 00:00:00,830 00:00:02,260 New York City. New York City.
2 00:00:02,370 00:00:04,470 Happy New Year! Happy New Year!
3 00:00:04,570 00:00:08,070 At the dawn of the '80s, it was exploding with opportunity. At the dawn of the '80s, it was exploding with opportunity.
4 00:00:08,900 00:00:11,610 [newsreader] Boom times. That's what the numbers signal today, [newsreader] Boom times. That's what the numbers signal today,
5 00:00:11,710 00:00:13,910 an economy that's on a roll in this country. an economy that's on a roll in this country.
6 00:00:14,010 00:00:17,810 A place to seek money, power, fame. A place to seek money, power, fame.
7 00:00:17,910 00:00:22,820 Amid the glitz and greed, five titans seized their moment. Amid the glitz and greed, five titans seized their moment.
8 00:00:22,920 00:00:27,290 But by the end of the decade, that moment had passed But by the end of the decade, that moment had passed
9 00:00:27,390 00:00:31,930 and we'd put greed behind us for good. Or had we? and we'd put greed behind us for good. Or had we?
10 00:00:32,030 00:00:35,730 The President of the United States. The President of the United States.
11 00:00:35,830 00:00:39,200 A hot-shot developer was dodging questions about soaring debt... A hot-shot developer was dodging questions about soaring debt...
12 00:00:39,300 00:00:41,400 Trump, the cash crunch. Trump, the cash crunch.
13 00:00:41,500 00:00:43,240 ...and scandalous behavior. ...and scandalous behavior.
14 00:00:43,340 00:00:46,840 Well, she's a fantastic woman, but I won't say anymore. Well, she's a fantastic woman, but I won't say anymore.
15 00:00:46,940 00:00:50,510 But the tabloids that helped make him were about to take him down. But the tabloids that helped make him were about to take him down.
16 00:00:50,610 00:00:52,910 You have a lot of very dishonest reporters, in my opinion. You have a lot of very dishonest reporters, in my opinion.
17 00:00:53,020 00:00:56,620 A hard-charging prosecutor had become a candidate for mayor. A hard-charging prosecutor had become a candidate for mayor.
18 00:00:56,720 00:01:00,620 The word impossible is just not in my vocabulary. The word impossible is just not in my vocabulary.
19 00:01:00,720 00:01:03,690 But some in the city were growing tired of his crusades. But some in the city were growing tired of his crusades.
20 00:01:03,790 00:01:08,830 The people of our town don't want a prosecutor, they want a mayor. The people of our town don't want a prosecutor, they want a mayor.
21 00:01:08,930 00:01:12,370 A celebrity don was back on trial, feeding a media frenzy. A celebrity don was back on trial, feeding a media frenzy.
22 00:01:12,470 00:01:15,370 The Gotti trial is the hottest show off Broadway. The Gotti trial is the hottest show off Broadway.
23 00:01:15,470 00:01:16,970 And when the verdict was read... And when the verdict was read...
24 00:01:17,070 00:01:20,870 The Teflon is gone, the don is covered with Velcro. The Teflon is gone, the don is covered with Velcro.
25 00:01:22,580 00:01:25,380 [newsreader] Hundreds of Gotti supporters, outraged by that sentence, [newsreader] Hundreds of Gotti supporters, outraged by that sentence,
26 00:01:25,480 00:01:27,650 tried to storm the Brooklyn courthouse. tried to storm the Brooklyn courthouse.
27 00:01:27,750 00:01:32,820 And while the former king of Wall Street was finally headed for jail, And while the former king of Wall Street was finally headed for jail,
28 00:01:32,920 00:01:36,660 the Queen of Mean was mounting a last-ditch effort to remain a free woman. the Queen of Mean was mounting a last-ditch effort to remain a free woman.
29 00:01:36,760 00:01:40,330 Not guilty, not guilty. I am innocent. Not guilty, not guilty. I am innocent.
30 00:01:45,730 00:01:48,300 That was it. I'm gonna take you out, you're gonna take me out. That was it. I'm gonna take you out, you're gonna take me out.
31 00:01:48,400 00:01:49,870 This isn't gonna end well. This isn't gonna end well.
32 00:01:51,340 00:01:54,010 I've never seen anybody so heartbroken in my life. She was devastated. I've never seen anybody so heartbroken in my life. She was devastated.
33 00:01:54,110 00:01:59,250 There was almost a daily feeling of how crazy this is. There was almost a daily feeling of how crazy this is.
34 00:01:59,350 00:02:04,150 These larger than life figures would forever change our idea of success... These larger than life figures would forever change our idea of success...
35 00:02:04,250 00:02:05,750 My new game is Trump, the Game. My new game is Trump, the Game.
36 00:02:05,860 00:02:06,750 ...and excess... ...and excess...
37 00:02:06,860 00:02:09,220 Forty-two million. Forty-two million.
38 00:02:09,330 00:02:12,160 ...and though, at the end of the 80s, we may have delighted in their downfall... ...and though, at the end of the 80s, we may have delighted in their downfall...
39 00:02:12,260 00:02:15,660 [woman] These are card-carrying, crashing egotists. [woman] These are card-carrying, crashing egotists.
40 00:02:15,760 00:02:18,230 ...our celebration of their values was just beginning. ...our celebration of their values was just beginning.
41 00:02:18,330 00:02:21,200 [interviewer] But you have said that if you ran for president, you'd win. [interviewer] But you have said that if you ran for president, you'd win.
42 00:02:21,300 00:02:22,670 I think I'd have a very good chance. I think I'd have a very good chance.
43 00:02:23,240 00:02:26,040 [dramatic music playing] [dramatic music playing]
44 00:02:45,690 00:02:50,600 Okay! [applause] He's a man who is strong, smart, he's done very well for himself, Okay! [applause] He's a man who is strong, smart, he's done very well for himself,
45 00:02:50,700 00:02:54,570 for an ex Chippendale dancer. I've... oh! [laughs] for an ex Chippendale dancer. I've... oh! [laughs]
46 00:02:54,670 00:02:59,110 A man who, five minutes after he got here, tried to buy our studio. A man who, five minutes after he got here, tried to buy our studio.
47 00:02:59,210 00:03:01,740 So, who is this famous billionaire? So, who is this famous billionaire?
48 00:03:01,840 00:03:03,640 [audience] Donald Trump! [audience] Donald Trump!
49 00:03:04,950 00:03:07,150 He was the man with the Midas touch. He was the man with the Midas touch.
50 00:03:07,250 00:03:12,050 Builder of golden towers, high-rolling casino operator, bestselling author, Builder of golden towers, high-rolling casino operator, bestselling author,
51 00:03:12,150 00:03:14,290 myth maker of epic proportions. myth maker of epic proportions.
52 00:03:14,390 00:03:17,590 How rich are you, just basically? [laughs] Right now? How rich are you, just basically? [laughs] Right now?
53 00:03:18,530 00:03:20,590 Well, it depends on which magazine you read. Well, it depends on which magazine you read.
54 00:03:20,700 00:03:23,000 I mean, how much you got in your wallet? I wanna see-- I mean, how much you got in your wallet? I wanna see--
55 00:03:23,100 00:03:28,400 He was also sitting on a mountain of debt and an explosive personal secret. He was also sitting on a mountain of debt and an explosive personal secret.
56 00:03:28,500 00:03:31,340 But with every breathless news report, his legend only grew, But with every breathless news report, his legend only grew,
57 00:03:31,440 00:03:34,910 until it really did seem like his potential was limitless. until it really did seem like his potential was limitless.
58 00:03:35,180 00:03:38,180 [Emily Fox] He had his buildings, he had his hotels. [Emily Fox] He had his buildings, he had his hotels.
59 00:03:38,280 00:03:41,420 He presented himself, as he does now, He presented himself, as he does now,
60 00:03:41,520 00:03:44,950 as a man who was incredibly financially successful. as a man who was incredibly financially successful.
61 00:03:45,390 00:03:50,020 Privately, his businesses were having more trouble than he would let on. Privately, his businesses were having more trouble than he would let on.
62 00:03:50,130 00:03:54,030 He was a guy who thought he was invincible, He was a guy who thought he was invincible,
63 00:03:54,130 00:03:57,260 from a business standpoint and also from a personal standpoint. from a business standpoint and also from a personal standpoint.
64 00:03:59,270 00:04:03,370 And he gets the idea in his head that he should be running everything. And he gets the idea in his head that he should be running everything.
65 00:04:03,470 00:04:07,670 [newsreader] Trump has said, quite seriously, that he's a good enough bargainer [newsreader] Trump has said, quite seriously, that he's a good enough bargainer
66 00:04:07,780 00:04:11,380 to negotiate a nuclear disarmament treaty with the Russians. to negotiate a nuclear disarmament treaty with the Russians.
67 00:04:11,880 00:04:15,150 [David Cay Johnston] Donald first publicly talked about being president in 1987. [David Cay Johnston] Donald first publicly talked about being president in 1987.
68 00:04:15,620 00:04:20,020 He knew all he had to do was keep pressing ahead and he would have a shot at it. He knew all he had to do was keep pressing ahead and he would have a shot at it.
69 00:04:20,120 00:04:23,190 You have said that, if you ran for president, you'd win. You have said that, if you ran for president, you'd win.
70 00:04:23,290 00:04:25,330 I think I'd have a very good chance. I mean, I like to win. I think I'd have a very good chance. I mean, I like to win.
71 00:04:25,430 00:04:29,330 [Michael Kruse] Roger Stone, a long-time political operative, [Michael Kruse] Roger Stone, a long-time political operative,
72 00:04:29,430 00:04:32,000 called him a "prime piece of political horse flesh." called him a "prime piece of political horse flesh."
73 00:04:32,570 00:04:36,200 It was his idea for Trump to go to Portsmouth, New Hampshire, It was his idea for Trump to go to Portsmouth, New Hampshire,
74 00:04:36,310 00:04:41,070 where he gave a talk at a Rotary Club and created quite a stir. where he gave a talk at a Rotary Club and created quite a stir.
75 00:04:41,180 00:04:45,880 This country is being taken such advantage of, we need strength. This country is being taken such advantage of, we need strength.
76 00:04:45,980 00:04:52,150 I mean, you think Gorbachev is tough. Think of this character Khomeini. [laughter] I mean, you think Gorbachev is tough. Think of this character Khomeini. [laughter]
77 00:04:52,250 00:04:55,320 I mean, this son of a bitch is something like nobody's ever seen! I mean, this son of a bitch is something like nobody's ever seen!
78 00:04:56,160 00:05:00,390 [Barbara Res] Trump wanted to create the notion that he was so competent, [Barbara Res] Trump wanted to create the notion that he was so competent,
79 00:05:00,500 00:05:02,700 that he was so great at what he did that he was so great at what he did
80 00:05:02,800 00:05:05,070 that he could do the hardest, most important job that he could do the hardest, most important job
81 00:05:05,170 00:05:07,070 in the world and that's being president. in the world and that's being president.
82 00:05:07,170 00:05:10,570 I love the country, but I think you're gonna have probably George Bush I love the country, but I think you're gonna have probably George Bush
83 00:05:10,670 00:05:13,340 as your next president. He's an excellent guy, an excellent man, as your next president. He's an excellent guy, an excellent man,
84 00:05:13,440 00:05:14,840 he's a friend of mine and I'm here for that reason. he's a friend of mine and I'm here for that reason.
85 00:05:14,940 00:05:18,880 That was not a serious idea in the late 80s, That was not a serious idea in the late 80s,
86 00:05:18,980 00:05:24,520 but it planted a seed that this guy, a developer in New York, a celebrity, but it planted a seed that this guy, a developer in New York, a celebrity,
87 00:05:24,620 00:05:29,760 the author of The Art of the Deal , would be trafficking in political ideas. the author of The Art of the Deal , would be trafficking in political ideas.
88 00:05:29,860 00:05:36,200 He was laying groundwork for what we would see decades later. He was laying groundwork for what we would see decades later.
89 00:05:36,300 00:05:38,470 Good luck, everyone. Thank you all for being here. Good luck, everyone. Thank you all for being here.
90 00:05:38,570 00:05:42,440 [Kurt Andersen] Donald Trump had delusions of grandeur from the get-go. [Kurt Andersen] Donald Trump had delusions of grandeur from the get-go.
91 00:05:42,540 00:05:48,040 At the same time, big, legitimate banks enabled Donald Trump. At the same time, big, legitimate banks enabled Donald Trump.
92 00:05:49,140 00:05:50,710 They kept giving him money. They kept giving him money.
93 00:05:52,350 00:05:56,880 [Charles Bagli] Donald is already starting to file tax returns that would indicate [Charles Bagli] Donald is already starting to file tax returns that would indicate
94 00:05:56,990 00:05:59,720 he was losing money, not making money. he was losing money, not making money.
95 00:05:59,820 00:06:04,460 [newsreader] Is Donald Trump in financial trouble? Some in the financial community [newsreader] Is Donald Trump in financial trouble? Some in the financial community
96 00:06:04,560 00:06:08,300 are looking for signs that Trump may be trying to raise cash are looking for signs that Trump may be trying to raise cash
97 00:06:08,400 00:06:12,630 because of a current, or anticipated shortage, caused by heavy debt. because of a current, or anticipated shortage, caused by heavy debt.
98 00:06:12,740 00:06:16,900 But in the meantime, there was a constant flow of money But in the meantime, there was a constant flow of money
99 00:06:17,010 00:06:20,010 from Wall Street and from investors. from Wall Street and from investors.
100 00:06:20,110 00:06:22,610 So, when the opportunity came So, when the opportunity came
101 00:06:22,710 00:06:29,180 to grab a hold of the biggest, most luxurious casino to grab a hold of the biggest, most luxurious casino
102 00:06:29,280 00:06:33,020 in Atlantic City, The Taj Mahal, he took it. in Atlantic City, The Taj Mahal, he took it.
103 00:06:33,120 00:06:36,920 Donald Trump today opened the doors to his billion-dollar gamble, Donald Trump today opened the doors to his billion-dollar gamble,
104 00:06:37,030 00:06:39,730 his new Atlantic City casino, The Taj Mahal. his new Atlantic City casino, The Taj Mahal.
105 00:06:40,360 00:06:44,160 [Bagli] It had been under construction for several years, it was way over budget, [Bagli] It had been under construction for several years, it was way over budget,
106 00:06:44,270 00:06:49,600 but it was supposed to dominate the whole Atlantic City gambling scene. but it was supposed to dominate the whole Atlantic City gambling scene.
107 00:06:49,710 00:06:53,210 [newsreader] The Taj Mahal stretches out over 17 acres along the boardwalk. [newsreader] The Taj Mahal stretches out over 17 acres along the boardwalk.
108 00:06:53,310 00:06:57,840 There's glitz and glitter galore, $15 million worth of chandeliers There's glitz and glitter galore, $15 million worth of chandeliers
109 00:06:57,950 00:06:59,880 and 1200 luxury hotel rooms. and 1200 luxury hotel rooms.
110 00:06:59,980 00:07:04,890 [Johnston] He buys it with entirely borrowed money, [Johnston] He buys it with entirely borrowed money,
111 00:07:04,990 00:07:09,060 junk bonds $675, million at 14% interest. junk bonds $675, million at 14% interest.
112 00:07:09,160 00:07:13,790 He's got over a quarter million dollar a day bill just for interest on the bonds He's got over a quarter million dollar a day bill just for interest on the bonds
113 00:07:13,900 00:07:17,860 and close to another million dollars a day to pay all the other bills of running the place and close to another million dollars a day to pay all the other bills of running the place
114 00:07:17,970 00:07:20,900 and of course, paying out the few winners that were out there. and of course, paying out the few winners that were out there.
115 00:07:21,000 00:07:24,870 Johnston Trump executives insist they can make a million dollars a day Johnston Trump executives insist they can make a million dollars a day
116 00:07:24,970 00:07:27,870 the experts say they'll need just to pay for the casino. the experts say they'll need just to pay for the casino.
117 00:07:27,980 00:07:32,480 And that is something that had never happened at any casino, And that is something that had never happened at any casino,
118 00:07:32,580 00:07:34,650 anywhere in the world at that point. anywhere in the world at that point.
119 00:07:34,750 00:07:40,050 So, it was not just ambitious, it was stupid. So, it was not just ambitious, it was stupid.
120 00:07:40,660 00:07:42,820 I do have a risk, I do have a financial risk, I do have a risk, I do have a financial risk,
121 00:07:42,930 00:07:45,690 but I have also a reputation risk and that's very important to me. but I have also a reputation risk and that's very important to me.
122 00:07:47,130 00:07:50,100 [Johnston] From day one, there are hundreds of contractors and vendors [Johnston] From day one, there are hundreds of contractors and vendors
123 00:07:50,200 00:07:53,100 who were delivering goods to him and he's not paying them, who were delivering goods to him and he's not paying them,
124 00:07:53,200 00:07:57,740 because he doesn't have the income to support all the borrowing he's done. because he doesn't have the income to support all the borrowing he's done.
125 00:07:57,840 00:08:02,740 And then the day came when Donald couldn't pay the monthly payments on his debt And then the day came when Donald couldn't pay the monthly payments on his debt
126 00:08:02,850 00:08:06,480 and it's very clear that this is going to collapse. and it's very clear that this is going to collapse.
127 00:08:07,120 00:08:11,920 There was almost a daily feeling of how crazy this is. There was almost a daily feeling of how crazy this is.
128 00:08:12,020 00:08:15,090 So, a million dollars a day, while it sounds like a lot of money, So, a million dollars a day, while it sounds like a lot of money,
129 00:08:15,190 00:08:18,020 for the building that we're talking about, it should be very easily made. for the building that we're talking about, it should be very easily made.
130 00:08:18,130 00:08:21,290 We realized that Donald was uncontrollable. We realized that Donald was uncontrollable.
131 00:08:21,800 00:08:24,260 [dramatic music playing] [dramatic music playing]
132 00:08:29,140 00:08:33,940 [Giuliani] New York is a city overwhelmed by crime, crack, and corruption. [man] New York City, 1989. [Giuliani] New York is a city overwhelmed by crime, crack, and corruption. [man] New York City, 1989.
133 00:08:34,040 00:08:37,580 The fear in our streets, parks, and subways The fear in our streets, parks, and subways
134 00:08:37,680 00:08:42,620 all point to a city that is out of control! all point to a city that is out of control!
135 00:08:42,720 00:08:47,420 He was the avenging US attorney with an audacious crime busting record He was the avenging US attorney with an audacious crime busting record
136 00:08:47,520 00:08:52,160 and he was now closer than ever to his ultimate goal of winning political office. and he was now closer than ever to his ultimate goal of winning political office.
137 00:08:52,260 00:08:55,000 With crime rates surging in 1989, With crime rates surging in 1989,
138 00:08:55,100 00:08:58,500 no one seemed better suited to become New York City's next mayor. no one seemed better suited to become New York City's next mayor.
139 00:08:58,600 00:09:02,400 From a policing perspective, it's a very violent era. From a policing perspective, it's a very violent era.
140 00:09:03,970 00:09:09,410 This was a very constant topic of conversation, the level of violence in the city. This was a very constant topic of conversation, the level of violence in the city.
141 00:09:10,050 00:09:12,810 [Kirtzman] Giuliani ran as the law-and-order candidate [Kirtzman] Giuliani ran as the law-and-order candidate
142 00:09:12,920 00:09:16,420 and New York needed more law and order. and New York needed more law and order.
143 00:09:16,520 00:09:18,080 As mayor, I will lead the battle As mayor, I will lead the battle
144 00:09:18,190 00:09:22,290 to take our streets back, hearts back, subways back from the criminals. to take our streets back, hearts back, subways back from the criminals.
145 00:09:22,660 00:09:24,930 He saw this as an opportunity to clean up the city. He saw this as an opportunity to clean up the city.
146 00:09:25,030 00:09:30,130 [newsreader] Giuliani remains a major threat to Koch's chances for a fourth term, [newsreader] Giuliani remains a major threat to Koch's chances for a fourth term,
147 00:09:30,230 00:09:33,700 assuming the mayor survives the Democratic primary, assuming the mayor survives the Democratic primary,
148 00:09:33,800 00:09:36,770 particularly the challenge from David Dinkins. particularly the challenge from David Dinkins.
149 00:09:36,870 00:09:39,470 [Kirtzman] David Dinkins had risen though the ranks [Kirtzman] David Dinkins had risen though the ranks
150 00:09:39,580 00:09:42,040 to become Manhattan borough president, to become Manhattan borough president,
151 00:09:42,140 00:09:44,310 a somewhat powerful job. a somewhat powerful job.
152 00:09:44,880 00:09:48,880 [Ken Auletta] During the primary race relations were very tender and Dinkins came in [Ken Auletta] During the primary race relations were very tender and Dinkins came in
153 00:09:48,980 00:09:51,180 as someone who might be a healer. as someone who might be a healer.
154 00:09:51,750 00:09:53,820 I felt the rise of David Dinkins I felt the rise of David Dinkins
155 00:09:53,920 00:09:59,660 in the context of a series of racial events through the age. in the context of a series of racial events through the age.
156 00:09:59,760 00:10:01,830 The Michael Stewart incident... The Michael Stewart incident...
157 00:10:06,100 00:10:07,970 there was the Eleanor Bumpurs incident... there was the Eleanor Bumpurs incident...
158 00:10:09,940 00:10:11,640 The Howard Beach incident. The Howard Beach incident.
159 00:10:11,740 00:10:13,970 The victims were three black men whose car had broken down. The victims were three black men whose car had broken down.
160 00:10:18,210 00:10:21,880 [Gil Troy] The crime problem, all too often in New York, is seen as a racial problem, [Gil Troy] The crime problem, all too often in New York, is seen as a racial problem,
161 00:10:21,980 00:10:27,690 but it's the incidents where blacks and whites interact that generate the headlines, but it's the incidents where blacks and whites interact that generate the headlines,
162 00:10:27,790 00:10:29,020 that generate the tensions. that generate the tensions.
163 00:10:31,990 00:10:35,830 A Wall Street investment banker remains unconscious in very critical condition tonight A Wall Street investment banker remains unconscious in very critical condition tonight
164 00:10:35,930 00:10:38,600 after a brutal attack while she was jogging in Central Park. after a brutal attack while she was jogging in Central Park.
165 00:10:39,430 00:10:44,870 The Central Park jogger case turned into one of the biggest rape cases The Central Park jogger case turned into one of the biggest rape cases
166 00:10:44,970 00:10:47,070 we have ever seen in New York City. we have ever seen in New York City.
167 00:10:47,180 00:10:53,450 A young, white woman was beaten badly, raped, and left for dead. A young, white woman was beaten badly, raped, and left for dead.
168 00:10:53,550 00:10:57,850 [newsreader] Today, police arrested four juveniles, ages 14 through 15, [newsreader] Today, police arrested four juveniles, ages 14 through 15,
169 00:10:57,950 00:11:00,190 all charged with attempted murder and rape. all charged with attempted murder and rape.
170 00:11:00,290 00:11:02,220 Black and Latino kids... Black and Latino kids...
171 00:11:02,320 00:11:07,430 Whatever the police and the prosecutors said was accepted as fact. Whatever the police and the prosecutors said was accepted as fact.
172 00:11:07,660 00:11:11,130 The horrifying crime has sparked a new call for the death penalty, The horrifying crime has sparked a new call for the death penalty,
173 00:11:11,230 00:11:13,800 this one from billionaire developer, Donald Trump. this one from billionaire developer, Donald Trump.
174 00:11:14,670 00:11:19,440 [Byfield] Donald Trump takes out an ad in all the major newspapers, [Byfield] Donald Trump takes out an ad in all the major newspapers,
175 00:11:19,540 00:11:23,810 calling for the death penalty, before there's been a trial! calling for the death penalty, before there's been a trial!
176 00:11:23,910 00:11:28,550 There's not a thing in the world wrong with hating in certain instances There's not a thing in the world wrong with hating in certain instances
177 00:11:28,650 00:11:33,290 and you have an instance here where you have killers roaming the street, preying on all of us and you have an instance here where you have killers roaming the street, preying on all of us
178 00:11:33,390 00:11:37,420 He said what he said in that ad and then he doubled down in a variety of other places. He said what he said in that ad and then he doubled down in a variety of other places.
179 00:11:38,530 00:11:44,960 He gave license to think those things about those kids, who didn't do it. He gave license to think those things about those kids, who didn't do it.
180 00:11:47,040 00:11:49,500 Amid this atmosphere of racial tension, Amid this atmosphere of racial tension,
181 00:11:49,600 00:11:53,510 comes the murder of Yusef Hawkins in Bensonhurst. comes the murder of Yusef Hawkins in Bensonhurst.
182 00:11:53,610 00:11:57,780 [newsreader] Police say 30 white teenagers armed with baseball bats and at least one gun, [newsreader] Police say 30 white teenagers armed with baseball bats and at least one gun,
183 00:11:57,880 00:12:00,410 attacked Hawkins and his three companions. attacked Hawkins and his three companions.
184 00:12:00,520 00:12:04,520 This confrontation leads to him being shot to death. This confrontation leads to him being shot to death.
185 00:12:04,620 00:12:06,450 [newsreader] In the aftermath of the killing, [newsreader] In the aftermath of the killing,
186 00:12:06,560 00:12:09,960 racial tensions in Bensonhurst and New York City have mounted. racial tensions in Bensonhurst and New York City have mounted.
187 00:12:10,360 00:12:12,260 It rocks the city. It rocks the city.
188 00:12:12,360 00:12:15,930 [crowd chanting] Bensonhurst! Bensonhurst! This is not Johannesburg! [crowd chanting] Bensonhurst! Bensonhurst! This is not Johannesburg!
189 00:12:16,030 00:12:18,000 There are not racists in this community. There are not racists in this community.
190 00:12:18,100 00:12:21,030 This is not a racist community, we just don't like black people, that's all. This is not a racist community, we just don't like black people, that's all.
191 00:12:21,140 00:12:25,870 People were feeling as if the city was reaching a point of ungovernability. People were feeling as if the city was reaching a point of ungovernability.
192 00:12:25,970 00:12:29,140 It's not enough for people to be angry. It's not enough for people to be angry.
193 00:12:29,240 00:12:33,150 If you don't have somebody bring a change in policy and procedures, If you don't have somebody bring a change in policy and procedures,
194 00:12:33,250 00:12:35,480 we'll never get ahead. we'll never get ahead.
195 00:12:35,720 00:12:41,320 Koch was perceived more and more as a divisive figure, and that David Dinkins Koch was perceived more and more as a divisive figure, and that David Dinkins
196 00:12:41,420 00:12:44,120 might be the solution to this. might be the solution to this.
197 00:12:44,230 00:12:47,390 In the minds of many, we weren't supposed to win In the minds of many, we weren't supposed to win
198 00:12:48,230 00:12:50,160 but nobody told us that. but nobody told us that.
199 00:12:50,770 00:12:54,800 After 12 years leading the city of New York, Ed Koch will no longer be mayor. After 12 years leading the city of New York, Ed Koch will no longer be mayor.
200 00:12:54,900 00:12:58,470 Instead, David Dinkins, the president of the borough of Manhattan, Instead, David Dinkins, the president of the borough of Manhattan,
201 00:12:58,570 00:13:02,380 is in a position to become the first black mayor of the nation's largest city. is in a position to become the first black mayor of the nation's largest city.
202 00:13:02,480 00:13:07,010 You gave me your votes and even more, in a tough time, you gave me your trust. You gave me your votes and even more, in a tough time, you gave me your trust.
203 00:13:07,120 00:13:11,920 This year, Dinkins faces strong opposition from former US Attorney Rudolph Giuliani. This year, Dinkins faces strong opposition from former US Attorney Rudolph Giuliani.
204 00:13:12,020 00:13:19,330 On the day I become mayor, the old political system that is dragging this city down is out! On the day I become mayor, the old political system that is dragging this city down is out!
205 00:13:19,430 00:13:23,230 Two candidates were left to battle it out for the mayor's seat. Two candidates were left to battle it out for the mayor's seat.
206 00:13:23,330 00:13:27,170 One, a seasoned politician with a message of harmony and justice. One, a seasoned politician with a message of harmony and justice.
207 00:13:27,270 00:13:32,440 The other, a righteous ex-lawman with a message of crime and punishment. The other, a righteous ex-lawman with a message of crime and punishment.
208 00:13:32,540 00:13:34,370 Emphasis on the punishment. Emphasis on the punishment.
209 00:13:34,480 00:13:38,510 Giuliani was a US attorney coming in as a hard-line guy. Giuliani was a US attorney coming in as a hard-line guy.
210 00:13:38,610 00:13:42,180 It's not about being the nice guy, it's about being the tough guy. It's not about being the nice guy, it's about being the tough guy.
211 00:13:42,280 00:13:45,920 [Kirtzman] For a person who had mastered the New York media, [Kirtzman] For a person who had mastered the New York media,
212 00:13:46,020 00:13:48,560 Giuliani didn't have his message together. Giuliani didn't have his message together.
213 00:13:48,660 00:13:55,060 He had people making all these allegations relating to the character of Dinkins. He had people making all these allegations relating to the character of Dinkins.
214 00:13:55,160 00:13:59,630 It was clear that Giuliani would stoop to low levels to get elected. It was clear that Giuliani would stoop to low levels to get elected.
215 00:13:59,730 00:14:03,340 Why does David Dinkins always wait until he gets caught? Why does David Dinkins always wait until he gets caught?
216 00:14:03,440 00:14:07,970 Rudy Giuliani: experience, integrity, and nobody owns him. Rudy Giuliani: experience, integrity, and nobody owns him.
217 00:14:08,080 00:14:14,480 Rudy was a tough campaigner, but we were pretty good also. Rudy was a tough campaigner, but we were pretty good also.
218 00:14:14,580 00:14:19,120 I think the people of our town don't want a prosecutor, they want a mayor. I think the people of our town don't want a prosecutor, they want a mayor.
219 00:14:19,220 00:14:22,390 [Guiliani] Well, wait, wait a second. I think the people of this town want a mayor [Guiliani] Well, wait, wait a second. I think the people of this town want a mayor
220 00:14:22,490 00:14:24,420 who has nothing to fear from a prosecutor. who has nothing to fear from a prosecutor.
221 00:14:24,530 00:14:27,960 I think it became an issue of who could really keep the city under control I think it became an issue of who could really keep the city under control
222 00:14:28,060 00:14:31,230 and they both were running with different philosophies. and they both were running with different philosophies.
223 00:14:31,330 00:14:34,230 The people do not want a city divided against itself. The people do not want a city divided against itself.
224 00:14:34,340 00:14:37,300 New York is a city overwhelmed by crime. New York is a city overwhelmed by crime.
225 00:14:37,410 00:14:41,410 What can unite us is far stronger than the forces that can keep us apart. [applause] What can unite us is far stronger than the forces that can keep us apart. [applause]
226 00:14:41,510 00:14:43,610 Who can reduce crime better? Who can reduce crime better?
227 00:14:43,710 00:14:46,780 I know how he feels. I come from a background of people that have been excluded. I know how he feels. I come from a background of people that have been excluded.
228 00:14:46,880 00:14:48,650 Who can get the drug problem under control better? Who can get the drug problem under control better?
229 00:14:48,750 00:14:51,350 I propose to be mayor of all of the people. I propose to be mayor of all of the people.
230 00:14:51,450 00:14:52,820 Take our city back. Take our city back.
231 00:14:52,920 00:14:54,350 Mayor of all the people. Mayor of all the people.
232 00:14:54,460 00:14:57,520 The word impossible is just not in my vocabulary. The word impossible is just not in my vocabulary.
233 00:14:57,630 00:15:01,190 We owe it to our children not to give up, give in, or turn back. We owe it to our children not to give up, give in, or turn back.
234 00:15:01,300 00:15:05,200 Biggest of all American cities has a black mayor, David Dinkins. Biggest of all American cities has a black mayor, David Dinkins.
235 00:15:05,300 00:15:07,930 Dinkins beat republican Rudolph Giuliani tonight. Dinkins beat republican Rudolph Giuliani tonight.
236 00:15:09,670 00:15:14,640 David Dinkins' message of racial harmony was the key to that race. David Dinkins' message of racial harmony was the key to that race.
237 00:15:14,740 00:15:18,810 It wasn't the time for a prosecutor, it was the time for harmony. It wasn't the time for a prosecutor, it was the time for harmony.
238 00:15:19,610 00:15:23,650 In the end, it was one of the closest mayoral elections in the history of New York. In the end, it was one of the closest mayoral elections in the history of New York.
239 00:15:23,750 00:15:28,690 It was close. You win by one vote, you're still the winner. It was close. You win by one vote, you're still the winner.
240 00:15:28,790 00:15:31,460 I've just spoken to Major-Elect David Dinkins. I've just spoken to Major-Elect David Dinkins.
241 00:15:31,560 00:15:36,530 -[crowd booing] -No! No! No! No! -[crowd booing] -No! No! No! No!
242 00:15:36,630 00:15:39,170 Quiet! Quiet!! Quiet! Quiet!!
243 00:15:41,870 00:15:43,840 Simply put, this was David Dinkins' time. Simply put, this was David Dinkins' time.
244 00:15:43,940 00:15:46,910 In the days ahead, I will meet with him and I will reach out In the days ahead, I will meet with him and I will reach out
245 00:15:47,010 00:15:48,910 to the many others across this city. to the many others across this city.
246 00:15:49,380 00:15:52,510 [Kirtzman] In many ways, Giuliani's run for mayor was an embarrassment. [Kirtzman] In many ways, Giuliani's run for mayor was an embarrassment.
247 00:15:52,610 00:15:56,920 This was a person who had a very, very strong reputation. This was a person who had a very, very strong reputation.
248 00:15:57,020 00:16:01,090 After the loss to Dinkins, he says that the election was stolen from him After the loss to Dinkins, he says that the election was stolen from him
249 00:16:01,190 00:16:05,860 because a lot of blacks and Puerto Ricans voted illegally in the outer boroughs. because a lot of blacks and Puerto Ricans voted illegally in the outer boroughs.
250 00:16:05,960 00:16:11,860 There's no evidence, but one of the defining characteristics of Rudy Giuliani There's no evidence, but one of the defining characteristics of Rudy Giuliani
251 00:16:11,970 00:16:16,600 is vindictiveness, is a desire to avenge any kind of defeat. is vindictiveness, is a desire to avenge any kind of defeat.
252 00:16:16,710 00:16:19,210 And you can see that in 1989. And you can see that in 1989.
253 00:16:19,470 00:16:25,240 One of the fascinating things about the Giuliani story is that it was always hard to tell, One of the fascinating things about the Giuliani story is that it was always hard to tell,
254 00:16:25,350 00:16:28,720 on any given day, whether this was a good man or an evil man. on any given day, whether this was a good man or an evil man.
255 00:16:28,820 00:16:32,620 Through the lens of that time, you would have said he saw wrong doing Through the lens of that time, you would have said he saw wrong doing
256 00:16:32,720 00:16:36,260 and was determined to punish it and halt it by any means necessary. and was determined to punish it and halt it by any means necessary.
257 00:16:36,360 00:16:40,030 I think you might look back and decide maybe he is a man who really, I think you might look back and decide maybe he is a man who really,
258 00:16:40,130 00:16:42,900 in some ways, is no different than the people he prosecuted. in some ways, is no different than the people he prosecuted.
259 00:16:43,000 00:16:46,970 He just had different tools in which to exercise his will to power. He just had different tools in which to exercise his will to power.
260 00:16:47,070 00:16:52,270 In the totality of Giuliani's career, there was too much good and bad. In the totality of Giuliani's career, there was too much good and bad.
261 00:16:56,410 00:16:59,650 [journalist] Morning, Mr. Gotti. What about all this news of more indictments? [journalist] Morning, Mr. Gotti. What about all this news of more indictments?
262 00:16:59,750 00:17:01,310 You think the government's gonna frame you? You think the government's gonna frame you?
263 00:17:01,420 00:17:04,350 You guys [inaudible]. You guys [inaudible].
264 00:17:04,450 00:17:08,190 Throughout the late 80s, New York's most notorious gangster had captivated Throughout the late 80s, New York's most notorious gangster had captivated
265 00:17:08,290 00:17:12,460 the nation by strutting for cameras and skillfully dodging law enforcement. the nation by strutting for cameras and skillfully dodging law enforcement.
266 00:17:12,560 00:17:16,260 But, in 1990, the feds had snagged him again But, in 1990, the feds had snagged him again
267 00:17:16,360 00:17:19,530 and this time they had his own words to use against him. and this time they had his own words to use against him.
268 00:17:21,440 00:17:24,700 Secret FBI tapes of reputed mob boss, John Gotti, Secret FBI tapes of reputed mob boss, John Gotti,
269 00:17:24,810 00:17:28,210 reveal the dark and violent world of the Gambino crime family. reveal the dark and violent world of the Gambino crime family.
270 00:17:36,250 00:17:38,850 [newsreader] Most of the discussions took place in an apartment [newsreader] Most of the discussions took place in an apartment
271 00:17:38,950 00:17:42,460 two floors above Gotti's Ravenite social club in Little Italy, two floors above Gotti's Ravenite social club in Little Italy,
272 00:17:42,560 00:17:46,630 an apartment that Gotti had no idea was bugged by the FBI. an apartment that Gotti had no idea was bugged by the FBI.
273 00:17:46,730 00:17:51,030 Clearly, the man Gotti considers his closest ally, according to the tapes, Clearly, the man Gotti considers his closest ally, according to the tapes,
274 00:17:51,130 00:17:54,370 is this man, Sam "Sammy the Bull" Gravano. is this man, Sam "Sammy the Bull" Gravano.
275 00:17:54,470 00:17:59,370 About a year or so before we take them off the street, About a year or so before we take them off the street,
276 00:17:59,470 00:18:02,910 John Gotti made Sammy the underboss of the family. John Gotti made Sammy the underboss of the family.
277 00:18:03,910 00:18:07,350 Sammy had the reputation of being a shooter and a killer. Sammy had the reputation of being a shooter and a killer.
278 00:18:07,450 00:18:10,720 So, he made sure that kind of stuff got done for John Gotti. So, he made sure that kind of stuff got done for John Gotti.
279 00:18:12,290 00:18:17,560 Right now, Gotti and Gravano were both behind bars together, awaiting trial, Right now, Gotti and Gravano were both behind bars together, awaiting trial,
280 00:18:17,660 00:18:20,230 and Sammy Bull had had listened to some of the tapes. and Sammy Bull had had listened to some of the tapes.
281 00:18:26,730 00:18:30,500 They got the tapes, 'cause they get to listen to the evidence They got the tapes, 'cause they get to listen to the evidence
282 00:18:30,610 00:18:33,470 that the government's gonna present, and Sammy started hearing that the government's gonna present, and Sammy started hearing
283 00:18:33,580 00:18:37,280 what John was saying in some of the conversations that he wasn't part of. what John was saying in some of the conversations that he wasn't part of.
284 00:18:43,750 00:18:47,720 Gotti's bad-mouthing Gravano, Sammy's turning red, he just wants to burst. Gotti's bad-mouthing Gravano, Sammy's turning red, he just wants to burst.
285 00:18:54,260 00:18:59,770 Gotti was basically blaming him for all the murders that he was authorizing. Gotti was basically blaming him for all the murders that he was authorizing.
286 00:18:59,870 00:19:04,100 That was it. He and John were now on the outs and, you know, That was it. He and John were now on the outs and, you know,
287 00:19:04,210 00:19:07,440 I'm gonna take you out, you're gonna take me out. This isn't gonna end well. I'm gonna take you out, you're gonna take me out. This isn't gonna end well.
288 00:19:07,540 00:19:12,610 And that's what, you know, put it in his head that he needed to find another way out. And that's what, you know, put it in his head that he needed to find another way out.
289 00:19:12,710 00:19:14,210 He pricks your finger. He pricks your finger.
290 00:19:14,320 00:19:15,380 [man] Who? Who? [man] Who? Who?
291 00:19:15,480 00:19:17,550 The Godfather. The Godfather.
292 00:19:17,650 00:19:20,820 [newsreader] Since Jo Valachi became the first sworn member of La Cosa Nostra [newsreader] Since Jo Valachi became the first sworn member of La Cosa Nostra
293 00:19:20,920 00:19:24,820 to break the code of silence, only a small handful of low-level hoods to break the code of silence, only a small handful of low-level hoods
294 00:19:24,930 00:19:28,900 have chosen to follow in violating that sacred code of omertà . have chosen to follow in violating that sacred code of omertà .
295 00:19:29,630 00:19:34,670 Well, the most significant rule in the mafia, the rule that enabled them to prevail Well, the most significant rule in the mafia, the rule that enabled them to prevail
296 00:19:34,770 00:19:38,670 and to succeed for as long as they did, was the rule of omertà , that is silence. and to succeed for as long as they did, was the rule of omertà , that is silence.
297 00:19:38,770 00:19:41,770 You can't rat anyone out. If you're caught, you go and do your time, You can't rat anyone out. If you're caught, you go and do your time,
298 00:19:41,880 00:19:42,780 you keep your mouth shut. you keep your mouth shut.
299 00:19:44,580 00:19:47,180 Just now Sammy "The Bull" Gravano listened to the tapes. Just now Sammy "The Bull" Gravano listened to the tapes.
300 00:19:47,280 00:19:48,750 He knew that his goose was cooked. He knew that his goose was cooked.
301 00:19:51,050 00:19:54,490 Sammy Bull got the sense that he could get himself a good deal. Sammy Bull got the sense that he could get himself a good deal.
302 00:19:58,760 00:20:02,330 Sammy sent word that he wanted to speak to us. Sammy sent word that he wanted to speak to us.
303 00:20:03,770 00:20:06,370 We had to go to the jail to take him out. We had to go to the jail to take him out.
304 00:20:08,740 00:20:12,440 [McDonald] So, they bring down Sammy, he gets in the car and we drive to a safe house. [McDonald] So, they bring down Sammy, he gets in the car and we drive to a safe house.
305 00:20:12,540 00:20:18,810 I asked Sammy, says, "Tell us about the Castellano body murder." "Okay." I asked Sammy, says, "Tell us about the Castellano body murder." "Okay."
306 00:20:18,910 00:20:23,520 So he just went from A to Z. I remember drawing a little map showing East 46th Street. So he just went from A to Z. I remember drawing a little map showing East 46th Street.
307 00:20:23,620 00:20:27,550 "I was here with John. You're the shooters," you do the whole thing. "I was here with John. You're the shooters," you do the whole thing.
308 00:20:28,420 00:20:31,290 He heard the tapes, he said, "Everything's accurate on it. He heard the tapes, he said, "Everything's accurate on it.
309 00:20:31,390 00:20:37,830 I mean, you guys have us dead to rights, but, you know, he put me in those five murders I mean, you guys have us dead to rights, but, you know, he put me in those five murders
310 00:20:37,930 00:20:40,230 and I'm gonna do life for it." He said, and I'm gonna do life for it." He said,
311 00:20:40,340 00:20:44,070 "And you guys, I can trust you more than I can trust the mob." "And you guys, I can trust you more than I can trust the mob."
312 00:20:44,170 00:20:46,410 He says, "I wanna join Team America." He says, "I wanna join Team America."
313 00:20:47,540 00:20:51,540 John found out within that night, word got to him Sammy had been pulled out John found out within that night, word got to him Sammy had been pulled out
314 00:20:51,650 00:20:54,580 and he knew it was over, just died inside. and he knew it was over, just died inside.
315 00:20:55,080 00:20:58,750 [newsreader] Sammy "The Bull" Gravano has been transferred out of a federal prison [newsreader] Sammy "The Bull" Gravano has been transferred out of a federal prison
316 00:20:58,850 00:21:00,920 and is reportedly talking to prosecutors-- and is reportedly talking to prosecutors--
317 00:21:01,020 00:21:04,360 [newsreader 2] John Gotti's closest ally, facing 50 years in prison, [newsreader 2] John Gotti's closest ally, facing 50 years in prison,
318 00:21:04,460 00:21:06,560 has joined the ranks of the squealers. has joined the ranks of the squealers.
319 00:21:06,660 00:21:12,400 The decision by Sammy Gravano to testify is certainly a big, big event. The decision by Sammy Gravano to testify is certainly a big, big event.
320 00:21:12,500 00:21:14,530 He knows where all the bodies are buried. He knows where all the bodies are buried.
321 00:21:14,640 00:21:18,170 Every news organization in the city was covering it. Every news organization in the city was covering it.
322 00:21:18,270 00:21:22,440 People inside, people outside the courthouse, people watching, people who came. People inside, people outside the courthouse, people watching, people who came.
323 00:21:22,540 00:21:24,780 It was a huge thing. It was a huge thing.
324 00:21:24,880 00:21:29,580 In New York, the Gotti trial is the hottest show off Broadway with spectators lining up In New York, the Gotti trial is the hottest show off Broadway with spectators lining up
325 00:21:29,680 00:21:34,620 as early as two in the morning, waiting hours for a chance to get inside the courtroom. as early as two in the morning, waiting hours for a chance to get inside the courtroom.
326 00:21:34,720 00:21:37,990 Mickey Rourke showed up, Anthony Quinn showed up. Mickey Rourke showed up, Anthony Quinn showed up.
327 00:21:38,090 00:21:41,390 This is one of the great dramas that's going on today. This is one of the great dramas that's going on today.
328 00:21:41,500 00:21:45,230 A lot of people showed up to express their, you know, A lot of people showed up to express their, you know,
329 00:21:45,330 00:21:49,070 concern and allegiance with poor John Gotti, concern and allegiance with poor John Gotti,
330 00:21:49,170 00:21:53,740 who was being fingered by Sammy Gravano, the rat. who was being fingered by Sammy Gravano, the rat.
331 00:21:57,010 00:22:01,110 The trial of reputed mob leader, John Gotti, has begun in New York City. The trial of reputed mob leader, John Gotti, has begun in New York City.
332 00:22:02,650 00:22:04,950 [Gabriel] When Sammy came out, you could have cut the air with a knife. [Gabriel] When Sammy came out, you could have cut the air with a knife.
333 00:22:05,050 00:22:07,750 I mean, it just... the two of them stared each other down. I mean, it just... the two of them stared each other down.
334 00:22:08,720 00:22:11,490 I still think John probably felt sicker than Sammy. I still think John probably felt sicker than Sammy.
335 00:22:11,590 00:22:16,530 If looks could kill, there were two people who would be falling down dead. If looks could kill, there were two people who would be falling down dead.
336 00:22:18,400 00:22:22,170 He was a great witness. John Gotti barked, I bit. He was a great witness. John Gotti barked, I bit.
337 00:22:22,270 00:22:26,470 He owned up to the crimes he committed and he fingered John Gotti He owned up to the crimes he committed and he fingered John Gotti
338 00:22:26,570 00:22:31,810 for the murders that he authorized and running the crime family in his image. for the murders that he authorized and running the crime family in his image.
339 00:22:31,910 00:22:35,350 He nailed him, you know, to the cross. He nailed him, you know, to the cross.
340 00:22:36,020 00:22:40,320 Good morning, everybody. Mob boss, John Gotti, is facing life in prison Good morning, everybody. Mob boss, John Gotti, is facing life in prison
341 00:22:40,420 00:22:43,260 after being convicted of all 13 counts against him. after being convicted of all 13 counts against him.
342 00:22:43,360 00:22:47,190 The jury concluded that he was responsible for murdering five associates The jury concluded that he was responsible for murdering five associates
343 00:22:47,300 00:22:51,000 in the Gambino crime family and was guilty of racketeering charges. in the Gambino crime family and was guilty of racketeering charges.
344 00:22:52,070 00:22:57,870 [Capeci] When the verdict came in, he just sat there. He tried to keep a stiff upper lip, [Capeci] When the verdict came in, he just sat there. He tried to keep a stiff upper lip,
345 00:22:57,970 00:23:01,710 but he knew that he was dead in the water, but he knew that he was dead in the water,
346 00:23:01,810 00:23:04,980 convicted, and gonna go to jail for the rest of his life. convicted, and gonna go to jail for the rest of his life.
347 00:23:05,580 00:23:11,820 The Teflon has gone. The don is covered with Velcro and every charge in the indictment stuck. The Teflon has gone. The don is covered with Velcro and every charge in the indictment stuck.
348 00:23:11,920 00:23:16,190 Outside, hundreds of Gotti supporters, outraged by that sentence, Outside, hundreds of Gotti supporters, outraged by that sentence,
349 00:23:16,290 00:23:18,460 tried to storm the Brooklyn courthouse. tried to storm the Brooklyn courthouse.
350 00:23:18,860 00:23:22,190 The immediate reaction was a bunch of lunatics went down to the courthouse The immediate reaction was a bunch of lunatics went down to the courthouse
351 00:23:22,300 00:23:26,630 and started overturning cars. And people started screaming, "Free John Gotti." and started overturning cars. And people started screaming, "Free John Gotti."
352 00:23:29,540 00:23:33,910 John Gotti took power of the mob at the right time. John Gotti took power of the mob at the right time.
353 00:23:34,010 00:23:40,810 He was someone who was out there when the media was looking for a godfather. He was someone who was out there when the media was looking for a godfather.
354 00:23:41,750 00:23:44,250 [Andersen] There was a kind of nostalgia aspect [Andersen] There was a kind of nostalgia aspect
355 00:23:44,350 00:23:48,090 to John Gotti becoming this famous figure in the 80s. to John Gotti becoming this famous figure in the 80s.
356 00:23:49,060 00:23:53,360 Mafiosi were regarded as high-stakes entertainment figures. Mafiosi were regarded as high-stakes entertainment figures.
357 00:23:53,460 00:23:55,860 They could kill each other, they could become famous, they wear fancy suits They could kill each other, they could become famous, they wear fancy suits
358 00:23:55,960 00:24:00,830 and be on television all the time. And like, they're not gonna kill me, and be on television all the time. And like, they're not gonna kill me,
359 00:24:00,940 00:24:03,270 they're not gonna kill my children, so, like, fine. they're not gonna kill my children, so, like, fine.
360 00:24:03,370 00:24:06,570 [Gabriel] I think John was a product of what was going on in the 80s. [Gabriel] I think John was a product of what was going on in the 80s.
361 00:24:06,670 00:24:09,280 The page six stuff was becoming big. The page six stuff was becoming big.
362 00:24:09,380 00:24:14,610 Just being recognized on any platform was significant Just being recognized on any platform was significant
363 00:24:14,720 00:24:17,750 and he fed into that. I mean, it consumed him. and he fed into that. I mean, it consumed him.
364 00:24:17,850 00:24:21,390 [McDonald] I don't know what Gotti was thinking because nobody ever gets away with it. [McDonald] I don't know what Gotti was thinking because nobody ever gets away with it.
365 00:24:21,490 00:24:24,490 Eventually, they're gonna get caught, unless they just die in their own beds. Eventually, they're gonna get caught, unless they just die in their own beds.
366 00:24:24,590 00:24:26,930 But I guess he enjoyed his run while he had it. But I guess he enjoyed his run while he had it.
367 00:24:27,030 00:24:29,560 All that acclaim and notoriety and attention. All that acclaim and notoriety and attention.
368 00:24:29,660 00:24:30,960 Something that he craved. Something that he craved.
369 00:24:32,500 00:24:37,400 Whatever power the mafia had, it's gone. The mafia would never be the same Whatever power the mafia had, it's gone. The mafia would never be the same
370 00:24:37,510 00:24:41,470 once John Gotti was put in charge and then once he goes away. once John Gotti was put in charge and then once he goes away.
371 00:24:48,780 00:24:53,750 Been a big week on Wall Street all this week. It flirted with the 3000 mark, Been a big week on Wall Street all this week. It flirted with the 3000 mark,
372 00:24:53,860 00:24:58,520 Many of the rich and famous now are not as rich and some are infamous. Many of the rich and famous now are not as rich and some are infamous.
373 00:24:58,630 00:25:03,630 By 1990, the stock market may have recovered from the crash of '87, By 1990, the stock market may have recovered from the crash of '87,
374 00:25:03,730 00:25:07,270 but the verdict was in. Greed was no longer good. but the verdict was in. Greed was no longer good.
375 00:25:07,370 00:25:11,700 These are card-carrying, crashing egotists. These are card-carrying, crashing egotists.
376 00:25:11,810 00:25:15,810 The heroes of the 1980s had become villains right before our eyes. The heroes of the 1980s had become villains right before our eyes.
377 00:25:15,910 00:25:19,310 [newsreader] Another fallen mogul with a big ego, Ivan Boesky. [newsreader] Another fallen mogul with a big ego, Ivan Boesky.
378 00:25:19,410 00:25:23,720 He bribed people to give him inside information and made millions. He bribed people to give him inside information and made millions.
379 00:25:23,820 00:25:29,150 [Auletta] Ivan Boesky, he's not a guy who's gonna be on a magazine cover ever again. [Auletta] Ivan Boesky, he's not a guy who's gonna be on a magazine cover ever again.
380 00:25:29,260 00:25:32,960 But he did it. We're not doing it to him, he did it, But he did it. We're not doing it to him, he did it,
381 00:25:33,060 00:25:34,830 and therefore should pay a price. and therefore should pay a price.
382 00:25:35,530 00:25:38,000 [newsreader] Boesky served his time, grew a beard, [newsreader] Boesky served his time, grew a beard,
383 00:25:38,100 00:25:42,130 and was last seen testifying against a former friend in court. and was last seen testifying against a former friend in court.
384 00:25:42,240 00:25:44,400 Ivan Boesky, or Dennis Levine, Ivan Boesky, or Dennis Levine,
385 00:25:44,510 00:25:48,370 or some of the other perpetrators, they were pariahs. or some of the other perpetrators, they were pariahs.
386 00:25:48,480 00:25:53,050 [Madrick] Ivan Boesky was a tragic figure, partly because he had talents. [Madrick] Ivan Boesky was a tragic figure, partly because he had talents.
387 00:25:53,150 00:25:58,250 He was very disciplined, he worked very hard, but in the end, He was very disciplined, he worked very hard, but in the end,
388 00:25:58,350 00:26:02,420 the lesson of New York in the 80s is, greed wins out. the lesson of New York in the 80s is, greed wins out.
389 00:26:02,520 00:26:06,530 As fate set in and former masters of the universe were shamed by the city As fate set in and former masters of the universe were shamed by the city
390 00:26:06,630 00:26:10,100 that once worshiped them, one wasn't giving up without a fight. that once worshiped them, one wasn't giving up without a fight.
391 00:26:10,200 00:26:13,230 Harry and Leona Helmsley, one of the world's wealthiest couples, Harry and Leona Helmsley, one of the world's wealthiest couples,
392 00:26:13,330 00:26:15,940 are charged tonight with cheating on their income taxes. are charged tonight with cheating on their income taxes.
393 00:26:16,040 00:26:19,570 Accompanied by her husband, Harry, who wasn't well enough to stand trial, Accompanied by her husband, Harry, who wasn't well enough to stand trial,
394 00:26:19,670 00:26:21,910 and pushing her way through a mob of photographers, and pushing her way through a mob of photographers,
395 00:26:22,010 00:26:24,540 Leona Helmsley arrives to learn her sentence. Leona Helmsley arrives to learn her sentence.
396 00:26:24,650 00:26:26,310 Hang 'em by the toes. [laughs] Hang 'em by the toes. [laughs]
397 00:26:26,410 00:26:28,080 I think she should be given the maximum. I think she should be given the maximum.
398 00:26:29,750 00:26:34,490 [Devita] Leona Helmsley was convicted of income tax evasion and aiding and assisting [Devita] Leona Helmsley was convicted of income tax evasion and aiding and assisting
399 00:26:34,590 00:26:39,260 in the preparation of false tax returns. She was also found guilty for mail fraud in the preparation of false tax returns. She was also found guilty for mail fraud
400 00:26:39,360 00:26:42,960 relating to the New York state income tax return. relating to the New York state income tax return.
401 00:26:43,700 00:26:46,070 [newsreader] Leona Helmsley won't go to prison right away. [newsreader] Leona Helmsley won't go to prison right away.
402 00:26:46,170 00:26:49,300 She left court with her husband, free on bail to prepare an appeal. She left court with her husband, free on bail to prepare an appeal.
403 00:26:49,400 00:26:53,140 I've done nothing wrong. I have done nothing wrong. I've done nothing wrong. I have done nothing wrong.
404 00:26:53,240 00:26:55,570 Leona Helmsley felt she was innocent. Leona Helmsley felt she was innocent.
405 00:26:55,680 00:26:57,410 I'm innocent. I'm innocent.
406 00:26:57,510 00:27:00,980 And that she was indicted only because "I'm Leona Helmsley." And that she was indicted only because "I'm Leona Helmsley."
407 00:27:02,150 00:27:08,390 That had she been a man in business, she clearly would have walked That had she been a man in business, she clearly would have walked
408 00:27:08,490 00:27:10,220 or been elected president. or been elected president.
409 00:27:11,560 00:27:13,490 Once she was indicted, Once she was indicted,
410 00:27:13,590 00:27:18,300 Leona Helmsley hired Gerald Feffer to defend her. He did not win the case. Leona Helmsley hired Gerald Feffer to defend her. He did not win the case.
411 00:27:19,400 00:27:23,170 Of course, he went from being her hero to being some awful person, Of course, he went from being her hero to being some awful person,
412 00:27:23,270 00:27:25,470 so she replaced him with Alan Dershowitz. so she replaced him with Alan Dershowitz.
413 00:27:25,570 00:27:29,140 [newsreader] Power defense attorney, Alan Dershowitz, has promised to take her case [newsreader] Power defense attorney, Alan Dershowitz, has promised to take her case
414 00:27:29,240 00:27:31,510 all the way to the Supreme Court if necessary. all the way to the Supreme Court if necessary.
415 00:27:32,210 00:27:38,280 The joke is over! We're talking about putting a 71-year-old woman The joke is over! We're talking about putting a 71-year-old woman
416 00:27:38,390 00:27:42,590 with an ailing husband in jail! Enough is enough! with an ailing husband in jail! Enough is enough!
417 00:27:42,690 00:27:47,930 We will file our brief in three weeks and we will approve and assert... We will file our brief in three weeks and we will approve and assert...
418 00:27:48,030 00:27:49,760 -We will win. -...total innocence. -We will win. -...total innocence.
419 00:27:49,860 00:27:51,630 At the urging of her new attorney, At the urging of her new attorney,
420 00:27:51,730 00:27:53,830 the Queen of Mean embarked on a media tour the Queen of Mean embarked on a media tour
421 00:27:53,930 00:27:56,170 to rehabilitate her public image... to rehabilitate her public image...
422 00:27:56,270 00:27:58,970 or at least let them know how unfairly she'd been treated. or at least let them know how unfairly she'd been treated.
423 00:27:59,070 00:28:02,980 I got a $25 million bail. I got a $25 million bail.
424 00:28:03,080 00:28:08,010 There's a man in Milwaukee that chops up people and eats them. There's a man in Milwaukee that chops up people and eats them.
425 00:28:08,350 00:28:12,220 Revolting story. He got a million dollar's bail. Revolting story. He got a million dollar's bail.
426 00:28:12,320 00:28:15,390 I've done nothing and look what they have done to us. I've done nothing and look what they have done to us.
427 00:28:15,490 00:28:18,020 I did not do anything. I did not do anything.
428 00:28:18,130 00:28:20,490 Not guilty, not guilty, not guilty. I am innocent. Not guilty, not guilty, not guilty. I am innocent.
429 00:28:20,590 00:28:24,360 Why she was going on television was to gain sympathy, Why she was going on television was to gain sympathy,
430 00:28:24,470 00:28:28,230 but you have to first apologize, which she never did. but you have to first apologize, which she never did.
431 00:28:28,340 00:28:31,640 Leona blamed everybody for her own problems. Leona blamed everybody for her own problems.
432 00:28:31,740 00:28:34,740 She blamed the prosecutor, Rudolph Giuliani. She blamed the prosecutor, Rudolph Giuliani.
433 00:28:34,840 00:28:37,180 ...is out to get you, Leona? ...is out to get you, Leona?
434 00:28:37,280 00:28:41,980 Oh yes. Mr Giuliani, there is no question about it. I was a great stepping stone for him. Oh yes. Mr Giuliani, there is no question about it. I was a great stepping stone for him.
435 00:28:42,580 00:28:48,190 [Bagli] She blamed the ad company that developed the whole "Queen of the Hotels." [Bagli] She blamed the ad company that developed the whole "Queen of the Hotels."
436 00:28:48,290 00:28:54,530 I think, for those that were more steeped in Leonaism, it was the perfect expression. I think, for those that were more steeped in Leonaism, it was the perfect expression.
437 00:28:54,930 00:29:00,370 The Queen of the Mean, because she was such an unloving personality. The Queen of the Mean, because she was such an unloving personality.
438 00:29:01,740 00:29:05,870 She was, in the perception of society, gratuitously cruel. She was, in the perception of society, gratuitously cruel.
439 00:29:05,970 00:29:11,840 She really defined the archetypal paranoid bully. She really defined the archetypal paranoid bully.
440 00:29:11,950 00:29:14,510 And that was her downfall. And that was her downfall.
441 00:29:17,120 00:29:19,720 [newsreader] She's 71, she's given millions to charity. [newsreader] She's 71, she's given millions to charity.
442 00:29:19,820 00:29:23,420 Her husband is gravely ill and she's on her way to prison. Her husband is gravely ill and she's on her way to prison.
443 00:29:24,260 00:29:30,430 [Plaskin] She paid a seven million dollar fine, she was convicted to four years in jail, [Plaskin] She paid a seven million dollar fine, she was convicted to four years in jail,
444 00:29:30,530 00:29:34,870 and 250 hours of community service. and 250 hours of community service.
445 00:29:34,970 00:29:37,470 [newsreader] The judge has ordered her to begin serving her four-year [newsreader] The judge has ordered her to begin serving her four-year
446 00:29:37,570 00:29:41,710 tax evasion sentence, ironically, on April 15, tax day. tax evasion sentence, ironically, on April 15, tax day.
447 00:29:42,980 00:29:45,940 [singing] Everything we've heard about her is absolutely vile. [singing] Everything we've heard about her is absolutely vile.
448 00:29:46,050 00:29:52,280 From the testimony tit-bits from her terrible trial. But her reign of terror is over, From the testimony tit-bits from her terrible trial. But her reign of terror is over,
449 00:29:52,390 00:29:55,450 'cause Leona's going to, yes, any day, she's going to-- 'cause Leona's going to, yes, any day, she's going to--
450 00:29:55,560 00:30:00,490 Leona's going to jail! Leona's going to jail!
451 00:30:04,370 00:30:06,400 EvI wonder what Trump's game, is this time? EvI wonder what Trump's game, is this time?
452 00:30:06,500 00:30:08,670 Mr. Trump! Mr. Trump, Mr. Trump. Mr. Trump, please. Mr. Trump! Mr. Trump, Mr. Trump. Mr. Trump, please.
453 00:30:08,770 00:30:10,700 My new game is Trump, the Game. My new game is Trump, the Game.
454 00:30:10,810 00:30:15,070 Trump, the Game. It's not whether you win or lose, it's whether you win. Trump, the Game. It's not whether you win or lose, it's whether you win.
455 00:30:15,180 00:30:17,340 -Yes! -I think you'll like it. -Yes! -I think you'll like it.
456 00:30:17,440 00:30:21,050 For years, the developer turned super star had been tempting fate For years, the developer turned super star had been tempting fate
457 00:30:21,150 00:30:26,250 in matters both professional and personal, and now they were coming to a head. in matters both professional and personal, and now they were coming to a head.
458 00:30:26,350 00:30:29,350 In Atlantic City, his casinos were teetering on the edge, In Atlantic City, his casinos were teetering on the edge,
459 00:30:29,460 00:30:31,920 while his marriage was on equally shaky ground. while his marriage was on equally shaky ground.
460 00:30:32,030 00:30:37,030 By the late 80s, he wants more and more and more in terms of objects, By the late 80s, he wants more and more and more in terms of objects,
461 00:30:37,130 00:30:41,600 totems of wealth. But he also wants somebody else. totems of wealth. But he also wants somebody else.
462 00:30:41,700 00:30:45,700 [newsreader] We think that's her on the right, or at least Donald Trump brought a woman [newsreader] We think that's her on the right, or at least Donald Trump brought a woman
463 00:30:45,810 00:30:49,940 who looks a lot like Marla to a party thrown by Ted Tuner in 1988. who looks a lot like Marla to a party thrown by Ted Tuner in 1988.
464 00:30:50,040 00:30:56,480 [Kruse] He was stowing Marla Maples in his casinos, in his hotels. [Kruse] He was stowing Marla Maples in his casinos, in his hotels.
465 00:30:56,580 00:30:59,420 Eventually this would all come to light. Eventually this would all come to light.
466 00:31:02,320 00:31:06,190 The chatter is getting louder and louder and louder. Then the story broke. The chatter is getting louder and louder and louder. Then the story broke.
467 00:31:06,290 00:31:09,290 One of the nation's most publicly married couples One of the nation's most publicly married couples
468 00:31:09,400 00:31:11,630 is heading for a very public divorce. is heading for a very public divorce.
469 00:31:11,730 00:31:15,600 He was accused of consorting with an attractive young woman named Marla Maples. He was accused of consorting with an attractive young woman named Marla Maples.
470 00:31:15,700 00:31:18,000 Lurid newspaper headlines made much of that. Lurid newspaper headlines made much of that.
471 00:31:18,110 00:31:23,510 There is really nothing more Trumpian than the way their divorce played out. There is really nothing more Trumpian than the way their divorce played out.
472 00:31:23,610 00:31:28,610 And it was all dished out and eaten up by the tabloids. And it was all dished out and eaten up by the tabloids.
473 00:31:30,990 00:31:33,820 Marla Maples saying, "The best sex I ever had." Marla Maples saying, "The best sex I ever had."
474 00:31:33,920 00:31:37,120 If that was said about most human beings, If that was said about most human beings,
475 00:31:37,220 00:31:40,660 they would not get out of bed that day. Donald Trump glorified in it. they would not get out of bed that day. Donald Trump glorified in it.
476 00:31:40,760 00:31:42,460 He said, "This is wonderful!" He said, "This is wonderful!"
477 00:31:42,560 00:31:46,270 Well, she's a fantastic woman, but I won't say any more on that. Well, she's a fantastic woman, but I won't say any more on that.
478 00:31:46,370 00:31:47,970 We're here to cover a boxing match. We're here to cover a boxing match.
479 00:31:49,600 00:31:53,840 I mean, Ivana was... I've never seen anybody so heartbroken in my life as she was. I mean, Ivana was... I've never seen anybody so heartbroken in my life as she was.
480 00:31:53,940 00:31:56,480 She was devastated. She was devastated.
481 00:31:56,580 00:31:58,440 Poor thing! Poor thing!
482 00:31:58,550 00:32:01,450 [newsreader] Some people think this first celebrity divorce of the 90s [newsreader] Some people think this first celebrity divorce of the 90s
483 00:32:01,550 00:32:04,320 is something serious being turned into a circus. is something serious being turned into a circus.
484 00:32:04,420 00:32:06,320 No matter who it is, separations are sad. No matter who it is, separations are sad.
485 00:32:06,420 00:32:12,390 Ultimately, I think Ivana won. She was this sympathetic figure Ultimately, I think Ivana won. She was this sympathetic figure
486 00:32:12,490 00:32:17,330 who had been wronged by her husband who was bragging about his affair who had been wronged by her husband who was bragging about his affair
487 00:32:17,430 00:32:22,030 with another woman. It was not the best look for him. It was sort of the moment with another woman. It was not the best look for him. It was sort of the moment
488 00:32:22,140 00:32:27,010 where he lost control of his ability to dictate what the narrative would be where he lost control of his ability to dictate what the narrative would be
489 00:32:27,110 00:32:30,340 and that irked him more than just about anything. and that irked him more than just about anything.
490 00:32:30,440 00:32:34,180 You have a lot of very dishonest reporters, in my opinion. And I mean dishonest. You have a lot of very dishonest reporters, in my opinion. And I mean dishonest.
491 00:32:34,280 00:32:37,550 I'm not talking about they're slightly off, I mean they are totally dishonest, I'm not talking about they're slightly off, I mean they are totally dishonest,
492 00:32:37,650 00:32:39,690 where they'll report things knowingly that they're wrong. where they'll report things knowingly that they're wrong.
493 00:32:39,790 00:32:45,360 It is this demarcation point when we learn that Trump's gonna get divorced It is this demarcation point when we learn that Trump's gonna get divorced
494 00:32:46,290 00:32:50,860 and Trump actually is probably not nearly as rich as we thought. and Trump actually is probably not nearly as rich as we thought.
495 00:32:51,630 00:32:57,940 Stuff starts to unravel pretty quickly for Trump in 1990. Stuff starts to unravel pretty quickly for Trump in 1990.
496 00:33:00,070 00:33:01,910 [Johnston] He can't pay the interest payments [Johnston] He can't pay the interest payments
497 00:33:02,010 00:33:04,540 on The Taj Mahal, his newest casino. on The Taj Mahal, his newest casino.
498 00:33:04,650 00:33:10,380 The Trump Shuttle collapses. He can't run the Plaza Hotel in New York The Trump Shuttle collapses. He can't run the Plaza Hotel in New York
499 00:33:10,480 00:33:12,050 that he grossly overpaid for. that he grossly overpaid for.
500 00:33:12,150 00:33:15,450 Within months, this was not a viable enterprise. Within months, this was not a viable enterprise.
501 00:33:15,560 00:33:20,260 [newsreader] Donald could even lose the dome of his new gambling casino, The Taj Mahal. [newsreader] Donald could even lose the dome of his new gambling casino, The Taj Mahal.
502 00:33:20,360 00:33:23,360 He hasn't finished paying for it and there's talk He hasn't finished paying for it and there's talk
503 00:33:23,460 00:33:26,030 that the contractor might repossess it. that the contractor might repossess it.
504 00:33:26,270 00:33:28,800 [newsreader 2] The Trump Organization, one of the glitziest companies [newsreader 2] The Trump Organization, one of the glitziest companies
505 00:33:28,900 00:33:31,970 in America, confirmed today that it is in meetings with bankers in America, confirmed today that it is in meetings with bankers
506 00:33:32,070 00:33:34,370 in an attempt to reorganize its vast debt. in an attempt to reorganize its vast debt.
507 00:33:34,480 00:33:38,980 Over 1000 lawyers were working on this case. Over 1000 lawyers were working on this case.
508 00:33:39,080 00:33:43,320 A thousand lawyers trying to sort out Donald Trump's finances. A thousand lawyers trying to sort out Donald Trump's finances.
509 00:33:43,420 00:33:46,550 The New Jersey Casino Control Commission has unanimously approved The New Jersey Casino Control Commission has unanimously approved
510 00:33:46,650 00:33:51,460 Donald Trump's bail out plan. That plan allows him to use his three Atlantic City casinos Donald Trump's bail out plan. That plan allows him to use his three Atlantic City casinos
511 00:33:51,560 00:33:54,730 as collateral for a $65 million loan. as collateral for a $65 million loan.
512 00:33:54,830 00:34:00,070 He borrowed so brazenly that he was, in effect, too big to fail. He borrowed so brazenly that he was, in effect, too big to fail.
513 00:34:00,170 00:34:02,330 The banks did not let him go down. The banks did not let him go down.
514 00:34:02,440 00:34:07,010 The banks can't afford to let him go broke. Katie, they would go broke, The banks can't afford to let him go broke. Katie, they would go broke,
515 00:34:07,110 00:34:11,310 so they've got to let The Donald be The Donald. so they've got to let The Donald be The Donald.
516 00:34:11,410 00:34:15,780 After casino regulators approved Donald Trump's out-of-court corporate bankruptcy After casino regulators approved Donald Trump's out-of-court corporate bankruptcy
517 00:34:15,880 00:34:18,080 that he doesn't wanna call bankruptcy, what does he do? that he doesn't wanna call bankruptcy, what does he do?
518 00:34:18,190 00:34:20,790 He walks out in front of the cameras and goes, this is a great day for Donald Trump. He walks out in front of the cameras and goes, this is a great day for Donald Trump.
519 00:34:20,890 00:34:22,690 This is a huge victory. This is a huge victory.
520 00:34:22,790 00:34:24,790 We had a great victory, I'm as happy as hell. Thank you very much. We had a great victory, I'm as happy as hell. Thank you very much.
521 00:34:24,890 00:34:27,290 [Johnston] Well, you know what? It was! He didn't have to pay people back [Johnston] Well, you know what? It was! He didn't have to pay people back
522 00:34:27,390 00:34:32,260 and he walked away a wealthy man, leaving all this damage behind him. and he walked away a wealthy man, leaving all this damage behind him.
523 00:34:32,370 00:34:35,030 His empire is saved, at least temporarily. His empire is saved, at least temporarily.
524 00:34:35,140 00:34:37,600 But his public image ain't what it used to be. But his public image ain't what it used to be.
525 00:34:41,110 00:34:46,180 [Carswell] After he was exposed, it was time for America not to take him as seriously [Carswell] After he was exposed, it was time for America not to take him as seriously
526 00:34:46,280 00:34:48,950 as we once did in the 1980s. as we once did in the 1980s.
527 00:34:50,220 00:34:52,880 [Auletta] There was a good reason to think, by the early 90s, [Auletta] There was a good reason to think, by the early 90s,
528 00:34:52,990 00:34:59,460 that Donald Trump's time had passed. He's not the success he claims to be, it was over. that Donald Trump's time had passed. He's not the success he claims to be, it was over.
529 00:34:59,560 00:35:02,390 He was not in exile, exactly, He was not in exile, exactly,
530 00:35:02,500 00:35:07,070 but considered to be a little bit closer to a clown. but considered to be a little bit closer to a clown.
531 00:35:07,770 00:35:11,470 He was just a guy who was famous and had crazy hair. He was just a guy who was famous and had crazy hair.
532 00:35:12,310 00:35:15,810 [singing] Green Acres is the place to be. [singing] Green Acres is the place to be.
533 00:35:15,910 00:35:19,340 Farm living is the life for me! Farm living is the life for me!
534 00:35:19,450 00:35:22,380 Mr. and Mrs. Donald Trump. Mr. and Mrs. Donald Trump.
535 00:35:22,480 00:35:28,990 Donald Trump would show up sort of randomly in cameos in television shows, in movies. Donald Trump would show up sort of randomly in cameos in television shows, in movies.
536 00:35:29,090 00:35:32,420 And in one of the Home Alone sequels, all of a sudden there's Donald Trump. And in one of the Home Alone sequels, all of a sudden there's Donald Trump.
537 00:35:32,530 00:35:36,500 -Excuse me, where's the lobby? -Down the hall and to the left. -Thanks. -Excuse me, where's the lobby? -Down the hall and to the left. -Thanks.
538 00:35:36,600 00:35:39,160 [Kruse] Anything to keep himself going. [Kruse] Anything to keep himself going.
539 00:35:40,600 00:35:47,170 You know, when people ask me, "Well, what are his virtues?" Indefatigable... You know, when people ask me, "Well, what are his virtues?" Indefatigable...
540 00:35:47,270 00:35:52,280 [announcer] Hey, look at this! Donald Trump! Donald Trump! [laughs] [announcer] Hey, look at this! Donald Trump! Donald Trump! [laughs]
541 00:35:52,380 00:35:53,550 [Schwartz] ...relentless. [Schwartz] ...relentless.
542 00:35:53,650 00:35:56,380 [announcer] The hostile take-over of Donald Trump! [announcer] The hostile take-over of Donald Trump!
543 00:35:56,480 00:36:01,720 Here he was, last man standing, and that was the story that he told. Here he was, last man standing, and that was the story that he told.
544 00:36:01,820 00:36:06,120 And pretty soon, people forgot about all the problems. And pretty soon, people forgot about all the problems.
545 00:36:07,090 00:36:12,230 [Kruse] The most important thing Donald Trump learned was not to change his ways. [Kruse] The most important thing Donald Trump learned was not to change his ways.
546 00:36:12,330 00:36:16,230 It was not to be more responsible with money. It was not to be more responsible with money.
547 00:36:16,340 00:36:19,940 It was, "I can't be killed, I'm too big to fail." It was, "I can't be killed, I'm too big to fail."
548 00:36:20,040 00:36:24,280 In spite of all the excesses of the 80s, he survived in the 90s In spite of all the excesses of the 80s, he survived in the 90s
549 00:36:24,380 00:36:30,880 because of those excesses. What a take-away. because of those excesses. What a take-away.
550 00:36:41,760 00:36:44,660 se of us old enough to remember the 1970s, se of us old enough to remember the 1970s,
551 00:36:45,430 00:36:49,570 when we wander around New York today, we drive our children crazy. when we wander around New York today, we drive our children crazy.
552 00:36:50,440 00:36:57,410 It used to be so dirty! It used to be so dangerous. It used to be decaying. It used to be so dirty! It used to be so dangerous. It used to be decaying.
553 00:37:03,320 00:37:07,920 And all of a sudden it's as if Cinderella's fairy god mother came And all of a sudden it's as if Cinderella's fairy god mother came
554 00:37:08,020 00:37:13,590 and eliminated crime and eliminated grime and made towers grow and made a city and eliminated crime and eliminated grime and made towers grow and made a city
555 00:37:13,690 00:37:17,060 that looked like it was on its way to becoming the ash heap of history that looked like it was on its way to becoming the ash heap of history
556 00:37:17,160 00:37:19,400 into the next great center of civilization. into the next great center of civilization.
557 00:37:21,940 00:37:24,540 And yet, those things come with a cost. And yet, those things come with a cost.
558 00:37:24,940 00:37:28,770 And New York City not only symbolizes all the great that occurred in the 1980s, And New York City not only symbolizes all the great that occurred in the 1980s,
559 00:37:28,880 00:37:31,740 but the underlying hangover from the 1980s. but the underlying hangover from the 1980s.
560 00:37:34,620 00:37:39,080 [Sorkin] In the 80s, the idea of the American dream was transported. [Sorkin] In the 80s, the idea of the American dream was transported.
561 00:37:39,190 00:37:44,860 It became an individual dream. It was about individual success and individual power. It became an individual dream. It was about individual success and individual power.
562 00:37:45,360 00:37:49,860 And we didn't, unfortunately, care enough about how they attained that success And we didn't, unfortunately, care enough about how they attained that success
563 00:37:49,960 00:37:51,560 and how they attained that wealth. and how they attained that wealth.
564 00:37:52,500 00:37:57,040 The American dream actually is very deceiving. The American dream actually is very deceiving.
565 00:37:57,840 00:38:02,370 The self-flattering idea of America is a place where you play by the rules The self-flattering idea of America is a place where you play by the rules
566 00:38:02,480 00:38:08,650 and you're industrious, you'll do well. Well, here are all these people and you're industrious, you'll do well. Well, here are all these people
567 00:38:08,750 00:38:15,050 who became unreasonably, fabulously, financially successful by breaking the rules who became unreasonably, fabulously, financially successful by breaking the rules
568 00:38:15,160 00:38:19,060 You will lie, you will cheat, you will steal, you will back-stab You will lie, you will cheat, you will steal, you will back-stab
569 00:38:19,160 00:38:21,430 'cause doing it the right way takes too long. 'cause doing it the right way takes too long.
570 00:38:21,530 00:38:28,370 [newsreader] Money. Who's got it? Is there an unelected elite that rules our town? [newsreader] Money. Who's got it? Is there an unelected elite that rules our town?
571 00:38:28,470 00:38:33,840 [Mahler] In the moment, it may seem as though it was just a temporary change, [Mahler] In the moment, it may seem as though it was just a temporary change,
572 00:38:33,940 00:38:37,940 that America kind of lost its mind for a few years there in the 1980s. that America kind of lost its mind for a few years there in the 1980s.
573 00:38:38,050 00:38:40,250 That all these people got their comeuppance. That all these people got their comeuppance.
574 00:38:40,350 00:38:43,320 Whether it's Ivan Boesky, who became a pariah, Whether it's Ivan Boesky, who became a pariah,
575 00:38:43,920 00:38:48,450 Donald Trump, whose company went bankrupt before, of course, reinventing himself, Donald Trump, whose company went bankrupt before, of course, reinventing himself,
576 00:38:48,560 00:38:52,420 Leona Helmsley, who becomes a figure of total ridicule, Leona Helmsley, who becomes a figure of total ridicule,
577 00:38:52,530 00:38:55,360 John Gotti, who finally gets nailed, John Gotti, who finally gets nailed,
578 00:38:55,460 00:38:58,600 and Rudy Giuliani, who was ruthlessly ambitious, and Rudy Giuliani, who was ruthlessly ambitious,
579 00:38:58,700 00:39:01,800 who lost his first mayoral race in 1989. who lost his first mayoral race in 1989.
580 00:39:01,900 00:39:06,500 What seemed like kind of a fleeting moment is in fact a defining moment What seemed like kind of a fleeting moment is in fact a defining moment
581 00:39:06,610 00:39:10,540 because the legacy of those years are what we are living with now. because the legacy of those years are what we are living with now.
582 00:39:10,640 00:39:14,710 This obsession with wealth, with celebrity. This sort of turning away This obsession with wealth, with celebrity. This sort of turning away
583 00:39:14,820 00:39:19,180 from the idea that it's part of your job as a citizen to take care of other people. from the idea that it's part of your job as a citizen to take care of other people.
584 00:39:20,420 00:39:24,720 Today, there is so much anger spilled about the Kardashians Today, there is so much anger spilled about the Kardashians
585 00:39:25,030 00:39:28,730 and Instagram influencers, how they have corrupted society, and Instagram influencers, how they have corrupted society,
586 00:39:28,830 00:39:31,160 how these people don't deserve to be successful. how these people don't deserve to be successful.
587 00:39:31,260 00:39:35,130 It's all based on nothing and based on a lie. But what we're seeing today, It's all based on nothing and based on a lie. But what we're seeing today,
588 00:39:35,240 00:39:37,900 it started in New York in the 80s it started in New York in the 80s
589 00:39:38,000 00:39:42,640 by people who were also making up their own realities, by people who were also making up their own realities,
590 00:39:42,740 00:39:45,210 exaggerating their own successes. exaggerating their own successes.
591 00:39:45,310 00:39:49,480 Greedy in a way that we had never seen before Greedy in a way that we had never seen before
592 00:39:49,580 00:39:53,790 and willing to do whatever it took in order to propagate these myths. and willing to do whatever it took in order to propagate these myths.
593 00:39:56,090 00:40:01,190 Wall Street, it's still fueled by the greed, by fear, by testosterone. Wall Street, it's still fueled by the greed, by fear, by testosterone.
594 00:40:01,290 00:40:04,900 And so we can sit here and talk about Ivan Boesky and Michael Milkin And so we can sit here and talk about Ivan Boesky and Michael Milkin
595 00:40:05,000 00:40:08,530 and young people beside the TV can say, "Who the heck are those guys?" and young people beside the TV can say, "Who the heck are those guys?"
596 00:40:08,640 00:40:13,240 Well, the same guys that are working on Wall Street today, it's all the same. Well, the same guys that are working on Wall Street today, it's all the same.
597 00:40:13,340 00:40:14,940 It's all the same, just different names. It's all the same, just different names.
598 00:40:15,740 00:40:18,380 [James B. Stewart] And, we had another huge round [James B. Stewart] And, we had another huge round
599 00:40:18,480 00:40:23,280 of insider trading scandals, again, in the 2000s. of insider trading scandals, again, in the 2000s.
600 00:40:24,020 00:40:26,280 There is something about it, There is something about it,
601 00:40:26,390 00:40:31,120 about the risk-free potential to make so much money, about the risk-free potential to make so much money,
602 00:40:31,220 00:40:34,090 that some people just find irresistible. that some people just find irresistible.
603 00:40:37,160 00:40:41,430 [Sorkin] I think, today, we see the underbelly of it. [Sorkin] I think, today, we see the underbelly of it.
604 00:40:41,540 00:40:46,300 We see that so much of it was about smoke and mirrors, was a house of cards. We see that so much of it was about smoke and mirrors, was a house of cards.
605 00:40:46,410 00:40:50,140 And I think that's been a real punch to the gut for a lot of people. And I think that's been a real punch to the gut for a lot of people.
606 00:40:50,240 00:40:53,450 [crowd chanting] We want the 99 percent! [crowd chanting] We want the 99 percent!
607 00:40:53,550 00:40:56,480 [newsreader] Hundreds have occupied Wall Street. Protesters gathered-- [newsreader] Hundreds have occupied Wall Street. Protesters gathered--
608 00:40:56,580 00:40:59,320 [crowd chanting] I can't breathe! I can't breathe! [crowd chanting] I can't breathe! I can't breathe!
609 00:40:59,420 00:41:04,460 [newsreader] People spilling into the streets, their message underscored with star power. [newsreader] People spilling into the streets, their message underscored with star power.
610 00:41:05,360 00:41:08,290 [Troy] There's so much anger and so much alienation [Troy] There's so much anger and so much alienation
611 00:41:08,400 00:41:11,460 and so much fear and so much partisanship. and so much fear and so much partisanship.
612 00:41:11,570 00:41:14,930 That great disconnect of today is rooted in the 1980s. That great disconnect of today is rooted in the 1980s.
613 00:41:15,640 00:41:17,700 It's rooted in the high and the low. It's rooted in the high and the low.
614 00:41:17,800 00:41:22,410 It's rooted in the great excess that also meant that we no longer judged ourselves It's rooted in the great excess that also meant that we no longer judged ourselves
615 00:41:22,510 00:41:25,680 by normal standards, by our neighbor's standards, but by celebrity standards, by normal standards, by our neighbor's standards, but by celebrity standards,
616 00:41:25,780 00:41:28,480 and it came at the cost of our souls. and it came at the cost of our souls.
617 00:41:32,820 00:41:36,120 So, as we wander around New York City in the 21st century, So, as we wander around New York City in the 21st century,
618 00:41:36,220 00:41:40,360 we start seeing symbols of the American Dream with an asterisk, we start seeing symbols of the American Dream with an asterisk,
619 00:41:40,460 00:41:44,760 the American Dream tarnished, the American Dream at what cost? the American Dream tarnished, the American Dream at what cost?
620 00:42:17,530 00:42:19,730 I, Donald John Trump, do solemnly swear-- I, Donald John Trump, do solemnly swear--
620 00:42:17,530 00:42:19,730 I, Donald John Trump, do solemnly swear-- I, Donald John Trump, do solemnly swear--