GOOD EVENING ONCE AGAIN FROM OUR NBC NEWS HEADQUARTERS HERE IN
NBC NEWS HEADQUARTERS HERE IN NEW YORK.
NEW YORK. IM STEVE KORNACKI IN FOR BRIAN
IM STEVE KORNACKI IN FOR BRIAN WILLIAMS.
WILLIAMS.
DAY 838 OF THE TRUMP
ADMINISTRATION, AND TONIGHT A BRAND-NEW REPORT FROM "THE NEW
BRAND-NEW REPORT FROM "THE NEW YORK TIMES" OFFERING ONE OF THE
YORK TIMES" OFFERING ONE OF THE MOST DETAILED LOOKS WE HAVE HAD
MOST DETAILED LOOKS WE HAVE HAD AT DONALD TRUMPS FINANCES
AT DONALD TRUMPS FINANCES DURING A DECADE-LONG PORTION OF
DURING A DECADE-LONG PORTION OF HIS CAREER.
HIS CAREER. "THE TIMES" HAS OBTAINED SOME OF
"THE TIMES" HAS OBTAINED SOME OF THE PRESIDENTS TAX INFORMATION
THE PRESIDENTS TAX INFORMATION FROM THE YEARS 1985 TO 1994.
FROM THE YEARS 1985 TO 1994.
THIS WAS A ROLLER COASTER PERIOD OF TIME THAT SAW TRUMP GO FROMOD
OF TIME THAT SAW TRUMP GO FROM BEING A PREEMINENT SYMBOL OF THE
BEING A PREEMINENT SYMBOL OF THE HIGH-LIVING 80s TO A BANKRUPTCY
HIGH-LIVING 80s TO A BANKRUPTCY STORY.
STORY.
WHAT WE ARE KNOWING FOR THE FIRST TIMEARE THE DETAILS WHICH
FIRST TIMEARE THE DETAILS WHICH STAGGERING.
STAGGERING.
QUOTE, THE DATA WHICH ARE
PRINTOUTS FROM MR. TRUMPS
OFFICIAL INTERNAL REVENUE
SERVICE TAX TRANSCRIPTS FROM THE FIGURES FROM HIS FEDERAL TAX THE
FIGURES FROM HIS FEDERAL TAX FIRM, THE 1040 FROM 1985 TO 1994
FIRM, THE 1040 FROM 1985 TO 1994 REPRESENTS THE FULLEST AND MOST
REPRESENTS THE FULLEST AND MOST DETAILED LOOK TO DATE AT THE
DETAILED LOOK TO DATE AT THE PRESIDENTS TAX, INFORMATION HE
PRESIDENTS TAX, INFORMATION HE HAS KEPT FROM PUBLIC VIEW.
HAS KEPT FROM PUBLIC VIEW.
"THE TIMES" NOTES THE
INFORMATION DOES NOT COVER THE
TAX YEARS CONGRESSES IS NOW
SEEKING.
CONTINUING FROM THE STORY, QUOTE, THE NUMBERS SHOW THAT IN
QUOTE, THE NUMBERS SHOW THAT IN 1985, MR. TRUMP REPORTED LOSSES
1985, MR. TRUMP REPORTED LOSSES OF $46.1 MILLION FROM HIS CORE
OF $46.1 MILLION FROM HIS CORE BUSINESSES, LARGELY CASINOS,
BUSINESSES, LARGELY CASINOS, HOTELS, AND RETAIL SPACE IN
HOTELS, AND RETAIL SPACE IN APARTMENT BUILDINGS.
APARTMENT BUILDINGS.
THEY CONTINUED TO LOSE MONEY EVERY YEAR, TOTALLING $1.17Y
EVERY YEAR, TOTALLING $1.17 BILLION IN LOSSES FOR THE
BILLION IN LOSSES FOR THE
DECADE.
IN FACT, YEAR AFTER YEAR, MR.
TRUMP APPEARS TO HAVE LOST MORE MONEY THAN NEARLY ANY OTHERMORE
MONEY THAN NEARLY ANY OTHER INDIVIDUAL AMERICAN TAXPAYER,
INDIVIDUAL AMERICAN TAXPAYER, "THE TIMES" FOUND WHEN IT
"THE TIMES" FOUND WHEN IT
COMPARED HIS RESULTS WITH
DETAILED INFORMATION THE IRS
COMPILES ON AN ANNUAL SAMPLING OF HIGH INCOME EARNERS.AMPLING
OF HIGH INCOME EARNERS. HIS CORE BUSINESS LOSSES IN 1990
HIS CORE BUSINESS LOSSES IN 1990
AND 1991, MORE THAN $250 MILLION EACH YEAR WERE MORE THAN DOUBLEN
EACH YEAR WERE MORE THAN DOUBLE THOSE OF THE NEAREST TAXPAYERS
THOSE OF THE NEAREST TAXPAYERS
IN THE IRS INFORMATION FOR THOSE
YEARS.
AS WE SAID, A GENERATION AGO, DONALD TRUMPS DISSENT INTO DEBT
DONALD TRUMPS DISSENT INTO DEBT WAS A MAJOR STORY NATIONALLY.
WAS A MAJOR STORY NATIONALLY.
WHAT DID IT LOOK LIKE IN
REAL-TIME?
WELL, FROM APRIL OF 1991, HERE
IS NBCS MIKE JENSON REPORTING
BACK THEN WHAT IN THAT MOMENT
LOOKED LIKE THE DEMISE OF THE
MAN WHO HAD BEEN DUBBED THE
DONALD.
>> Reporter: WHEN YOU BORROW AS
MUCH MONEY AS DONALD TRUMP DID,
NEARLY $2 BILLION AND THE ECONOMY GOES INTO A TAILSPIN AND
ECONOMY GOES INTO A TAILSPIN AND YOU CANT PAY THE INTEREST ON
YOU CANT PAY THE INTEREST ON
YOUR LOANS, THE BANKERS MOVE IN, AND THEY HAVE.E BANKERS MOVE IN,
AND THEY HAVE. HERES WHATS IN THE WORKS.
HERES WHATS IN THE WORKS. DONALDS $100 MILLION YACHT GOES
DONALDS $100 MILLION YACHT GOES TO THE BOSTON SAFETY DEPOSIT AND
TO THE BOSTON SAFETY DEPOSIT AND
TRUST COMPANY.
HIS HALF INTEREST IN THE GRAND
HYATT HOTEL GOES TO BANKERS TRUST.HOTEL GOES TO BANKERS
TRUST. HIS INTEREST IN ALEXANDERS
HIS INTEREST IN ALEXANDERS
DEPARTMENT STORE GOES TO CITI
CORP.
HIS TRUMP SHUTTLE GOES TO NORTHWEST AIRLINES.OES TO
NORTHWEST AIRLINES.
WHAT DONALD TRUMP GETS IS A
CHANCE TO START OVER.
HE PROBABLY WONT HAVE TO
DECLARE BANKRUPTCY.
ON THE BOARDWALK IN ATLANTIC CITY, HE KEEPS HIS CASINOS.C
CITY, HE KEEPS HIS CASINOS. IN NEW YORK, HE KEEPS THE PLAZA
IN NEW YORK, HE KEEPS THE PLAZA
HOTEL, WHICH HE HOPES TO CONVERT INTO CONDOMINIUMS.PES TO CONVERT
INTO CONDOMINIUMS. HE KEEPS THE OLD PENNSYLVANIA
HE KEEPS THE OLD PENNSYLVANIA
RAILROAD YARDS.
HE WANTS TO TURN THEM INTO A REAL ESTATE DEVELOPMENT.TO A
REAL ESTATE DEVELOPMENT. WHAT HE DOESNT KEEP IS IVANA.
WHAT HE DOESNT KEEP IS IVANA.
SHE DIVORCED HIM AND GOT $14 MILLION.RCED HIM AND GOT $14
MILLION.
IF DONALD WASNT SO BADLY IN HOCK, SHE MIGHT HAVE GOTTEN $2.5
HOCK, SHE MIGHT HAVE GOTTEN $2.5 BILLION.
BILLION.
DONALD IS TRYING TO PUT A GOOD
FACE ON ALL THIS. I WASNT FREE TO WHEEL AND DEAL
I WASNT FREE TO WHEEL AND DEAL DURING MY DIVORCE, HE SAYS.
DURING MY DIVORCE, HE SAYS. NOW IM ABLE TO DO WHAT I DO
NOW IM ABLE TO DO WHAT I DO
BEST. BUT A LOT OF PEOPLE THINK DONALD
BUT A LOT OF PEOPLE THINK DONALD HAS HAD HIS DAY, THAT HIS GAME
HAS HAD HIS DAY, THAT HIS GAME
OF MONOPOLY IS ALMOST OVER.
THE MAN WHO WAS THE DARLING OF
THE 80s IS SEEN IN THE 90s AS
A MAN IN TROUBLE, AND HE KNOWS IT.AN IN TROUBLE, AND HE KNOWS
IT.
IM BEING PUT UP THERE, SAYS DONALD, WITH GORBACHEV AND THE
DONALD, WITH GORBACHEV AND THE KURDS.
KURDS.
>> AND THAT WAS 28 YEARS AGO BACK IN THE PRESENT DAY, THOUGH,
BACK IN THE PRESENT DAY, THOUGH, AS WEVE BEEN REPORTING, HOUSE
AS WEVE BEEN REPORTING, HOUSE DEMOCRATS RIGHT NOW ARE
DEMOCRATS RIGHT NOW ARE
DEMANDING SIX YEARS OF DONALD TRUMPS TAX RETURNS, RECENTALD
TRUMPS TAX RETURNS, RECENT RETURNS, NOT FROM THE YEARS THAT
RETURNS, NOT FROM THE YEARS THAT TONIGHTS "TIMES" STORY
TONIGHTS "TIMES" STORY
EXPLORES.
YESTERDAY TREASURY SECRETARY STEVE MNUCHIN SAID HE WOULDY
STEVE MNUCHIN SAID HE WOULD REFUSE TO COMPLY WITH THAT
REFUSE TO COMPLY WITH THAT
DEMAND.
"THE TIMES" POINTS OUT, QUOTE, THE NEW TAX INFORMATION DOES NOT
THE NEW TAX INFORMATION DOES NOT ANSWER QUESTIONS RAISED BY HOUSE
ANSWER QUESTIONS RAISED BY HOUSE
DEMOCRATS IN THEIR PURSUIT OF
THE LAST SIX YEARS OF MR.
TRUMPS RETURNS ABOUT HIS RECENT BUSINESS DEALINGS AND POSSIBLET
BUSINESS DEALINGS AND POSSIBLE FOREIGN SOURCES OF FINANCING AND
FOREIGN SOURCES OF FINANCING AND INFLUENCE.
INFLUENCE. HERE FOR A LEAD-OFF DISCUSSION
HERE FOR A LEAD-OFF DISCUSSION
ON A TUESDAY NIGHT, ONE OF THE REPORTERS ON TONIGHTS BIGF THE
REPORTERS ON TONIGHTS BIG STORY, RUSS BUETTNER,
STORY, RUSS BUETTNER, INVESTIGATIVE REPORTER FOR "THE
INVESTIGATIVE REPORTER FOR "THE NEW YORK TIMES."
NEW YORK TIMES."
HE WAS PART OF THE TEAM THAT JUST WON A PULITZER.EAM THAT
JUST WON A PULITZER. TIM OBRIEN, EXECUTIVE OF
TIM OBRIEN, EXECUTIVE OF BLOOMBERG OPINION.
BLOOMBERG OPINION. HIS LATEST BOOK IS CALLED "TRUMP
HIS LATEST BOOK IS CALLED "TRUMP
NATION: THE ART OF BEING THE
DONALD."
AND SUSAN PAGE, WASHINGTON
BUREAU CHIEF FOR USA TODAY AND
AUTHOR OF THE BEST-SELLING
BARBARA BUSH BIOGRAPHY "THE MATRIARCH."H BIOGRAPHY "THE
MATRIARCH."
THANKS TO ALL OF YOU FOR BEING WITH US.O ALL OF YOU FOR BEING
WITH US. RUSS, LET ME START WITH A BASIC
RUSS, LET ME START WITH A BASIC
QUESTION.
EVERYBODY HAS BEEN ASKING ABOUT
THE PRESIDENTS TAX RETURNS, AND
YOU HAVE EXTREMELY DETAILED
INFORMATION ABOUT THE
PRESIDENTS TAXES FROM 1985 TO 1994, BUT THIS WAS NOT BY5 TO
1994, BUT THIS WAS NOT BY
ACTUALLY LOOKING AT HIS RETURNS.
EXPLAIN EXACTLY WHAT YOU SAW
HERE AND HOW YOU GOT THIS
INFORMATION.
>> SURE.
THERE IS A DATABASE THAT THE IRS CREATES FROM EVERY TAX THAT GETS
CREATES FROM EVERY TAX THAT GETS FILED.
FILED.
NOW ITS DONE AUTOMATICALLY.
THEN IT WAS KEY-PUNCHED IN AND
ITS USED TO DETERMINE WHO
THEYRE GOING TO AUDIT, SET
NATIONAL POLICY, AND THEY ALSO CREATE SOMETHING CALLED A TAXO
CREATE SOMETHING CALLED A TAX TRANSCRIPT.
TRANSCRIPT.
IF A TAXPAYER WANTS TO KNOW WHAT THEIR RETURN LOOKED LIKE THREEAT
THEIR RETURN LOOKED LIKE THREE YEARS AGO, THEY CAN GET A TWO OR
YEARS AGO, THEY CAN GET A TWO OR
THREE-PAGE PRINTOUT THAT HAS
EVERY NUMBER THAT WAS ON THE
1040 AND THE ATTACHED SCHEDULES.
AND WHAT WE OBTAINED WAS A
PRINTOUT FROM THOSE NUMBERS
REFERRING TO MR. TRUMP FOR THOSE
YEARS.
I CANT REALLY GO INTO HOW WE
GOT IT.
IT WAS A DIFFICULT PROCESS TO BOTH GET IT AND TO CONFIRM IT.
BOTH GET IT AND TO CONFIRM IT. >> IS THERE SOMETHING -- IM
>> IS THERE SOMETHING -- IM
JUST CURIOUS HERE TOO.
THIS IS OBVIOUSLY 85 TO 94. AS YOUR STORY DOCUMENTS, THIS
AS YOUR STORY DOCUMENTS, THIS COVERS AS WE JUST SHOWED WHAT
COVERS AS WE JUST SHOWED WHAT
LOOKED IN REALTIME THE FOLKS
WATCHING THE NEWS THE END OF
TRUMP.
IS THERE A REASON YOU GOT ACCESS TO THOSE YEARS?ON YOU GOT ACCESS
TO THOSE YEARS?
>> THOSE WERE THE YEARS WE WERE
ABLE TO GET.
IT IS AN EXTRAORDINARILY
COLORFUL PERIOD OF HIS LIFE DURING WHICH HE IS CONSTANTLY
DURING WHICH HE IS CONSTANTLY CHURNING THROUGH DIFFERENT KIND
CHURNING THROUGH DIFFERENT KIND OF INTERESTS AND FOCUSES, ONE
OF INTERESTS AND FOCUSES, ONE THING COLLAPSING AND BEING
THING COLLAPSING AND BEING PROPPED UP BY SOMETHING ELSE AND
PROPPED UP BY SOMETHING ELSE AND ULTIMATELY AS THE GREAT PIECE
ULTIMATELY AS THE GREAT PIECE
POINTED OUT, THE WHOLE THING
SORT OF FALLS APART.
>> THE HEADLINE OVER THIS DECADE
LONG PERIOD, $1.17 BILLION IN
LOSSES.
AND IT LOOKS LIKE HALF OF THOSE
LOSSES ROUGHLY COMING IN THOSE
YEARS 90 AND 1991. THAT IS THE REAL ESTATE MARKET
THAT IS THE REAL ESTATE MARKET COLLAPSINGING AT THAT TIME.
COLLAPSINGING AT THAT TIME. THE ECONOMY WAS GOING DOWN.
THE ECONOMY WAS GOING DOWN.
HE BORROWED TOO MUCH AND IT
CAUGHT UP TO HIM IN THAT MOMENT?
>> IT WAS REALLY THAT.
HE DESIGNED BUSINESSES THAT WERE
JUST NOT GOOD ON THE COST SIDE.
HE TOOK ON TOO MUCH DEBT, AND
THEY NEVER SUSTAINED THEMSELVES
FROM THE REVENUE HE GENERATED.
AND HE OVERBUILT IN ATLANTIC
CITY.
AND ALL OF THAT VERY MUCH CAME
TO ROOST.
BUT ONE OF THE MOST INTERESTING
THINGS TO US IN THIS IS HIS
TROUBLES REALLY STARTED IN 1985,
WHICH IS THE FIRST YEAR THAT WE
HAVE THEM, MAYBE BEFORE THAT,
THE YEAR BEFORE THAT HE RECORDED
LOSSES AS WELL.
EVEN IN THE PERIOD THAT LOOKED
LIKE HIS REAL HEYDAY, HE WAS RECORDING MAJOR BUSINESS LOSSES
RECORDING MAJOR BUSINESS LOSSES YEAR AFTER YEAR.
YEAR AFTER YEAR. >> TIM, I REMEMBER I WAS A KID,
>> TIM, I REMEMBER I WAS A KID, BUT I REMEMBER GOING TO THE
BUT I REMEMBER GOING TO THE SUPERMARKET WITH MY MOM IN THE
SUPERMARKET WITH MY MOM IN THE EARLY 90s AND DONALD TRUMP ON
EARLY 90s AND DONALD TRUMP ON
THE COVER OF THE TABLOIDS, HIS EMPIRE IN RUINS, HIS MARRIAGE IN
EMPIRE IN RUINS, HIS MARRIAGE IN RUINS AT THE TIME.
RUINS AT THE TIME.
FAST FORWARD A GENERATION LATER.
OBVIOUSLY HE IS PRESIDENT NOW.
WE JUST SHOWED THAT CLIP FROM
NBC NEWS.
HOW ON EARTH DID -- WAS THAT NOT
THE END OF DONALD TRUMP?
HOW DID HE GET OUT OF THAT JAM? >> WELL, HE WAS FORTUNATE TOAM?
>> WELL, HE WAS FORTUNATE TO HAVE A VERY WEALTHY FATHER.
HAVE A VERY WEALTHY FATHER. SO A LOT OF PEOPLE WHO HAVE GONE
SO A LOT OF PEOPLE WHO HAVE GONE
THE KIND OF STRAITS HE WENT
FINANCIALLY WOULDNT HAVE HAD A
SAFETY NET ONCE HE FELL OFF.
HE HAD TO BORROW FROM HIS FAMILY
ON AT LEAST ONE OCCASION FOR
TENS OF MILLIONS OF DOLLAR THAT
PROTECTED HIM FROM GOING INTO PERSONAL BANKRUPTCY.OING INTO
PERSONAL BANKRUPTCY.
HE BORROWED AGAINST HIS INHERITANCE FROM HIS FATHERS
INHERITANCE FROM HIS FATHERS ESTATE.
ESTATE.
HIS FATHER CAME TO HIS RESCUE A NUMBER OF DIFFERENT TIMES WHENA
NUMBER OF DIFFERENT TIMES WHEN HE COULDNT PAY HIS DEBTS.
HE COULDNT PAY HIS DEBTS.
SO FIST AND FOREMOST, DONALD
TRUMP IS SOMEBODY WHO IS BORN ON
THIRD BASE AND CLAIMED HE HIT A TRIPLE.ASE AND CLAIMED HE HIT A
TRIPLE.
HE HAS ALWAYS BEEN A BENEFICIARY OF HIS FATHERS WEALTH.ENEFICIARY
OF HIS FATHERS WEALTH. BUT HE ENDED UP BEING A PARIAH
BUT HE ENDED UP BEING A PARIAH FOR MOST OF THE 90s OF MAJOR
FOR MOST OF THE 90s OF MAJOR
BANKS.
AFTER HE ALMOST WENT BANKRUPT IN
THE EARLY 90s, MOST MAJOR BANKS
WOULDNT TOUCH HIM.
HE LOST MOST OF HIS MAJOR
BUSINESSES.
HE HELD ON TO HIS CONDOMINIUM AT
MAR-A-LAGO, AND THATS ABOUT IT.
HE BASICALLY BECAME A HUMAN SHINGLE.ALLY BECAME A HUMAN
SHINGLE.
HE WOULD LICENSE HIS NAME OUT
FOR A FEE.
DURING THIS WHOLE PERIOD, HE WAS
LYING ABOUT HOW MUCH MONEY HE
ACTUALLY HAD.
HE STAYED IN THE PUBLIC EYE
SAYING HE WAS A BILLIONAIRE AND A PARTICULARLY SKILLFULAIRE AND
A PARTICULARLY SKILLFUL ENTREPRENEUR, WHEN THE RECORD
ENTREPRENEUR, WHEN THE RECORD ITSELF SHOWED HE WASNT WORTH AS
ITSELF SHOWED HE WASNT WORTH AS
MUCH MONEY AS HE SAID, AND THAT HE WAS ROUTINELY RUNNING HISHAT
HE WAS ROUTINELY RUNNING HIS BUSINESSES INTO THE GROUND.
BUSINESSES INTO THE GROUND.
I THINK ONE OF THE THINGS THAT
THE REPORTING BEARS OUT THERE IS PROOF DURING THE MEAT OF HISE IS
PROOF DURING THE MEAT OF HIS CAREER, THE LAST TIME HE
CAREER, THE LAST TIME HE
ACTUALLY DID SUBSTANTIALLY LARGE
DEALS, HE WAS LOSING 10s OF MILLIONS OF DOLLARS. 10s OF
MILLIONS OF DOLLARS.
>> SO THIS IS A KEY TURNING POINT, THEN.S A KEY TURNING
POINT, THEN. THE EARLY 90s JUST IN CAREER OF
THE EARLY 90s JUST IN CAREER OF DONALD TRUMP, GOING FROM IT, IT
DONALD TRUMP, GOING FROM IT, IT SOUNDS LIKE YOURE SAYING GOING
SOUNDS LIKE YOURE SAYING GOING
FROM REALLY BEING HEAVILY
INVESTED IN REAL ESTATE, REALLY
BEING HEAVILY INVESTED IN THAT
WORLD TO BEING A BRANDING
ENTERPRISE.
>> WELL, AND BEING A CREATION OF
THE BANKS, AND NOT HAVING THE
KIND OF FINANCIAL DISCIPLINE TO
MAKE SURE HE WASNT OVERPAYING FOR PROPERTIES AND THAT HE WAS
FOR PROPERTIES AND THAT HE WAS RUNNING THEM PROPERLY.
RUNNING THEM PROPERLY.
ULTIMATELY HE BURNED THE BANKS
FOR OVER $3 BILLION.
HE HAD GUARANTEED ABOUT 900
MILLION THAT HE COULDNT PAY
BACK.
REALLY FROM THE EARLY 1990s TO
THE DAWN "THE APPRENTICE" IN 2004, HE HAD BECOME THIS PUNCH
2004, HE HAD BECOME THIS PUNCH LINE ABOUT THE EXCESSES OF THE
LINE ABOUT THE EXCESSES OF THE 1980s AND 1990s.
1980s AND 1990s.
AND THEN "THE APPRENTICE" REALLY RESURRECTED HIM AND A WHOLE NEWY
RESURRECTED HIM AND A WHOLE NEW GENERATION GOT TO KNOW HIM AS
GENERATION GOT TO KNOW HIM AS
SOMETHING A PREVIOUS GENERATION
BEGAN TO LAUGH AT.
>> THATS THE OTHER PART OF
THIS, THE POLITICAL ASPECT OF
IT, SUSAN.
"THE APPRENTICE" DEBUTED IN
2004.
HE DID HAVE THAT I GUESS YOU
COULD CALL A SORT OF CAMPAIGN FOR PRESIDENT IN 1999 AND 2000.
FOR PRESIDENT IN 1999 AND 2000. DIDNT FULLY GET OFF THE GROUND.
DIDNT FULLY GET OFF THE GROUND. THEN THERE WAS "THE APPRENTICE."
THEN THERE WAS "THE APPRENTICE."
AND OBVIOUSLY 2016, HE PRESENTS HIMSELF TO THE COUNTRY AS THISS
HIMSELF TO THE COUNTRY AS THIS GREAT BUSINESS SUCCESS STORY.
GREAT BUSINESS SUCCESS STORY.
>> YEAH.
AND OF COURSE THE DETAILS IN
THIS "NEW YORK TIMES" REPORT TONIGHT ARE QUITE AT ODDS WITH
TONIGHT ARE QUITE AT ODDS WITH THE PUBLIC IMAGE THAT DONALD
THE PUBLIC IMAGE THAT DONALD
TRUMP WAS PRESENTING TO THE WORLD, THE IDEA THAT HE KNEW THE
WORLD, THE IDEA THAT HE KNEW THE ART OF THE DEAL AND COULD WRITE
ART OF THE DEAL AND COULD WRITE
A BOOK ABOUT IT WHILE BEING A
DEAL MAKER WHO GOT LOSSES THAT
OUTPACED BASICALLY ANY OTHER
AMERICAN ON THE SCENE FOR THOSE YEARS ARE QUITE EXTRAORDINARY.E
YEARS ARE QUITE EXTRAORDINARY. THERE ARE SOME THINGS, OF
THERE ARE SOME THINGS, OF
COURSE, WE DONT KNOW FROM THIS. AND ONE OF THE THINGS I THINK WE
AND ONE OF THE THINGS I THINK WE DONT KNOW IS WHY DONALD TRUMP
DONT KNOW IS WHY DONALD TRUMP HAS BEEN SO DETERMINED TO SHIELD
HAS BEEN SO DETERMINED TO SHIELD
THESE TAXES FROM PUBLIC VIEW.
IS IT SIMPLY BECAUSE IT SHOWS
HIM NOT TO BE THE GREAT
BUSINESSMAN THAT HE HAS
DESCRIBED HIMSELF AS BEING, OR
IS THERE SOMETHING ELSE THAT
WERE NOT QUITE SEEING YET THAT
TELLS US WHY HE HAS BROKEN WITH
40 YEARS OF AMERICAN TRADITION
FOR U.S. PRESIDENTS IN NOT
RELEASING HIS TAX RETURNS.
>> SUSAN, I GUESS THE QUESTION
TWO, I THINK WERE ALWAYS ASKING
THIS WHEN THERE ARE THESE BIG
STORIES, SURPRISE REVELATION,
WHATEVER YOU WANT.
DO YOU THINK THIS FUNDAMENTALLY
CHANGES THE WAY FOLKS LOOK AT
DONALD TRUMP OR WAS THIS IN SOME WAY BAKED IN?OR WAS THIS IN SOME
WAY BAKED IN? >> YOU KNOW, IF THIS HAD BEEN
>> YOU KNOW, IF THIS HAD BEEN KNOWN FROM THE VERY BEGINNING, I
KNOWN FROM THE VERY BEGINNING, I THINK IT MIGHT HAVE HAD SOME
THINK IT MIGHT HAVE HAD SOME
EFFECT IN UNDERCUTTING HIS IMAGE
AS A SUCCESSFUL BUSINESS WHO
COULD MAKE A DEAL WITH CHINA OR
MEMBERS OF CONGRESS OR WHOEVER.
BUT AT THIS POINT I DONT THINK
IT HAS BIG POLITICAL IMPACT, AT
LEAST NOT SO FAR, UNLESS WE LEARN MORE THAT WE DONT KNOW
LEARN MORE THAT WE DONT KNOW YET.
YET.
I THINK THE REASON HIS SUPPORTERS HAVE BEEN SO LOYAL TO
SUPPORTERS HAVE BEEN SO LOYAL TO HIM ARE APART AND DISTINCT FROM
HIM ARE APART AND DISTINCT FROM
THE IDEA THAT HE WAS IN FACT A SUCCESSFUL BUSINESSMAN. FACT A
SUCCESSFUL BUSINESSMAN. IT HAS MORE TO DO WITH HIS
IT HAS MORE TO DO WITH HIS ATTITUDE OF GRIEVANCE TOWARDS
ATTITUDE OF GRIEVANCE TOWARDS
SOME OF THE DEVELOPMENTS IN THE