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Date
Summary
Attorney Alan Pomerantz: Trump Worth ‘More Alive to Us than Dead’
Source
CNN
Name: CNN
URL: http://www.cnn.com/
Show
CNN Newsroom
Name: CNN Newsroom
URL: https://www.cnn.com/shows/newsroom
Persons
Gloria Borger
, Alan Pomerantz
Name: Gloria Borger
Employment: CNN
Position: Chief political analyst
Name: Alan Pomerantz
Event
Event location
–
Uploaded
10/05/2016 03:49 pm
Owner
Alex (staff)
Type
Video
Format
MP4 (1280x720)
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Duration
0:04:05
Views
168
Purchases
0
Social views
0
Transcript
in the 90s Nearly ░░░░░░░░ billion dollars worth How ░░░░░░░░ that even possible Trump ░░░░░░░░ big 2 30 11 ░░░░░░░░ When casino gaming came ░░░░░░░░ Atlantic City it was ░░░░░░░░ monopoly reporter Marvin Rothman ░░░░░░░░ the gaming business for ░░░░░░░░ prominent financial services firm ░░░░░░░░ had basically the whole ░░░░░░░░ market to themselves and ░░░░░░░░ was looking for land ░░░░░░░░ build a casino reporter ░░░░░░░░ liked those odds and ░░░░░░░░ two casinos in Atlantic ░░░░░░░░ in as many years ░░░░░░░░ plaza and Trump s ░░░░░░░░ all part of a ░░░░░░░░ spree in the 1980s ░░░░░░░░ included the iconic plaza ░░░░░░░░ in New York a ░░░░░░░░ Beach estate an airline ░░░░░░░░ yacht and the largest ░░░░░░░░ of undeveloped land in ░░░░░░░░ For but Trump it ░░░░░░░░ t enough After months ░░░░░░░░ complex negotiations he bought ░░░░░░░░ of the biggest casinos ░░░░░░░░ the world the taj ░░░░░░░░ in atlantic City And ░░░░░░░░ telephone rang and he ░░░░░░░░ Marvin didn t I ░░░░░░░░ a terrific deal And ░░░░░░░░ said I think you ░░░░░░░░ a great deal but ░░░░░░░░ think you made a ░░░░░░░░ You said to Donald ░░░░░░░░ you made a mistake ░░░░░░░░ said I think you ░░░░░░░░ a mistake and he ░░░░░░░░ what do you mean ░░░░░░░░ I said why own ░░░░░░░░ casinos in Atlantic City ░░░░░░░░ are you going to ░░░░░░░░ the marketing And here ░░░░░░░░ his comment Marvin you ░░░░░░░░ no vision This is ░░░░░░░░ to be a monster ░░░░░░░░ reporter That needed monster ░░░░░░░░ How big a risk ░░░░░░░░ you think he was ░░░░░░░░ Enormous risk To be ░░░░░░░░ to make this project ░░░░░░░░ to break even you ░░░░░░░░ have to generate a ░░░░░░░░ win of somewhere over ░░░░░░░░ million dollars a day ░░░░░░░░ no casino in the ░░░░░░░░ had ever even come ░░░░░░░░ to anything like that ░░░░░░░░ 32 17 PM reporter ░░░░░░░░ taj was the biggest ░░░░░░░░ of his career but ░░░░░░░░ his luck would run ░░░░░░░░ He knew he was ░░░░░░░░ big trouble I think ░░░░░░░░ borrowed more than most ░░░░░░░░ prudent real estate people ░░░░░░░░ had extended himself to ░░░░░░░░ Trump shuttle to a ░░░░░░░░ to a helicopter and ░░░░░░░░ a lot of thing ░░░░░░░░ weren t generating cash ░░░░░░░░ and he had to ░░░░░░░░ his life style so ░░░░░░░░ was in trouble 190 ░░░░░░░░ we re going to ░░░░░░░░ it reporter When the ░░░░░░░░ and the real estate ░░░░░░░░ plummeted in 1990 attorney ░░░░░░░░ Pomerantz says Trump owed ░░░░░░░░ billion to his debtors ░░░░░░░░ that billion dollars for ░░░░░░░░ he was personally responsible ░░░░░░░░ he personally guaranteed so ░░░░░░░░ debt the leverage shifted ░░░░░░░░ over to the banks ░░░░░░░░ it was no longer ░░░░░░░░ issue of a bank ░░░░░░░░ a piece of real ░░░░░░░░ it was a bank ░░░░░░░░ Donald Trump s actual ░░░░░░░░ reporter Trump owed money ░░░░░░░░ over town to 72 ░░░░░░░░ in all Pomerantz represented ░░░░░░░░ as a group How ░░░░░░░░ was he to going ░░░░░░░░ bankrupt Very reporter Trump ░░░░░░░░ a point of saying ░░░░░░░░ never went personally bankrupt ░░░░░░░░ there s a reason ░░░░░░░░ the banks decided to ░░░░░░░░ Trump whole We made ░░░░░░░░ decision he would be ░░░░░░░░ more alive to us ░░░░░░░░ dead Dead meaning in ░░░░░░░░ We don t want ░░░░░░░░ in bankruptcy we want ░░░░░░░░ in the world selling ░░░░░░░░ assets for us So ░░░░░░░░ wanted him alive because ░░░░░░░░ was a salesman and ░░░░░░░░ best sell his own ░░░░░░░░ That s correct We ░░░░░░░░ him alive to help ░░░░░░░░
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