Here is trump, the heart of the deal, and here he is surviving at the top. Here is casino journal saying, gamings greatest comeback. Is new York Magazine out this week, fighting back, trump scrambles off the campus. Bill clinton after the New Hampshire primary went out front and had a press conference, and he said, even though he came in second, the comeback kid. Look at what happened to bill clinton. If you can translate that to you, where would it be . Where would it take you . What would be the equivalent of reaching the white house for you . Mr. Trump i think just doing what i am doing. I have had a great street after the last year. The economy is in a deplorable condition. The politicians destroyed the economy in 1986. Really got very lucky when i built the taj mahal, which everyone would said which everyone said would be his downfall, it turned out to be one of the best deals i have ever made. It made over 40 million a month. No casino in history has made anywhere near that. All three of my casinos were rated four stars. It has been an incredible period of six or seven months for me, and it has been gratifying. The comeback stories and everything else, i probably care less about that than i would have three or four euros ago, but it has been a good experience for me. Mr. Trump how are you different from three or four years ago . I may like toeday lose everything for a period of time to see who is loyal and who is not. I found out a lot. Charlie did you find out . R. Trump you cant guess it you would think some people would be loyal no matter what, and it turns out they are not. You cant predict it. Its very difficult. Charlie what hurt the most . Mr. Trump it is a different scene. You have a situation where you have everything going perfectly, and then you wake up at the world is coming to an end, from the standpoint of the economy. I have had a lot of luck. I have had a lot of good friends, and overall i have done really well with it. Charlie help me understand what it is to be you, and what happened. Some people have not been able to come back, some developers in canada and the United States who had a magnificent reputation for quality and for the deal are still in bankruptcy, in fact. How hot did it get for you . What was it like for you before the crash, and how loaded again for you when things how low did it get for you when things were starting to go bad, and people were counting you out . Mr. Trump i never thought i was that far from bankruptcy, but a lot of people were giving me a hard time, and i think overall, charlie, it was an experience that i dont think i want to go through again, i have to tell you. You know what it is like. You are in a position where i think that if you had to do it again, im not sure you could. I went through a period of two years that was truly tough. Charlie in what way . Mr. Trump you have parents, people that adore you, people that, for 15 years, nothing went wrong, and all of a sudden the world seems to be coming to an end. It was sort of an incredible experience to me. Charlie did you have to go to your father and say, bail me out, help me get through this crisis one more time . Mr. Trump my father would not have been in the position to bail me out, but he certainly helped. A federalister who is judge, and she is very, very strong. I never knew as to loyalty whether or not she would be there. She was there in spades. The incredible thing is you cant really tell who is going to be there and who is not. I would have bet my life on certain people. I would have said, politically speaking, that somebody you know, andrew stein, would have been there, and he was not. Charlie was not there for what . Mr. Trump for 15 years, i supported andrew stein. I never asked him for a thing. Until the very end when everyone else was on board, andrew was not there. I was surprised. Ultimately, he was there, but it should not have been so difficult. Charlie one of the things they you have you is that within you vindictiveness about that, and you are not going to forget that, and part of the trump style is that at some point you will try to get stein back. Mr. Trump i dont know if i will get steinback. I am disappointed in other people, not disappointed in some. One guy would call me every day charlie what did he say . Mr. Trump keep fighting, keep fighting. He is phenomenal, a great leader. His Parent Company has done tremendously well. But alan has been a loyal friend, and i have had a lot of other loyal friends. I think i am going to go into this in the third book. I do one book, a bestseller, another book, its a bestseller. Frankly, i think this will be the best book because i believe i know much more now than i knew for the other two. I have learned about hardship, something i really did not know. I went to the best school, did great. Everything goes smooth, you get out of school, you make a lot of money, every deal works out. It was like a series of charlie did you think you were invincible at that time . Mr. Trump i never thought i was invincible, because i have seen too much. But i had a 15 year run that was virtually unprecedented. All of a sudden, 1990 hit. I remember there was an article, welcome to the 1990s, donald. The economy w crashing, the banks were crashing, and everything was crashing. I learned a lot about myself and other people. Charlie what did you learn about yourself . Mr. Trump i think i learned for real that i am a pretty tough guy, because it really takes a tough guy it takes the brains and it takes this but it also takes toughness area to go through a period of turmoil where everything seems it takes toughness. To go through a period of turmoil where everything what greenberg said is that trump went from owning 100 of nothing to 50 of something making money. Fair . Mr. Trump i think thats what he said, and he said i am making a lot of money. Charlie thats right, he did say that. Mr. Trump what turns out is the casinos have turned out to be tremendous. Real estate in new york is starting to come back on a very slow basis. I think it is going to take a long time, but the casinos in particular have been fantastic. It has just worked out for me. It has not worked out for a lot of other people. I think a lot of that has to do with inner strength, and thats what i will be writing back writing about. It also has to do with the loyalties of other people. Maybe how to treat people so they are loyal. Charlie did split the family . Did it cause division between you and your brother . Mr. Trump i was a little disappointed in my brother. I thought he would fight harder than he did. In my the opposite sister, a really phenomenal lady, just tremendous. My other sister, likewise, was tremendous. My parents have always been what i expect them to be. One of my attorneys said always count on your mother. Never appreciated my mother is much, but she was really fantastic. Charlie as was also said, you came out in defense of mike tyson. Your mother said, enough, donald, shut up. Mr. Trump that is the first time my mother got angry. My mother was so crazy when i came out in defense of mike tyson. Sheshe reason tough, but shes quality. Charlie but she said what . Mr. Trump she did not like the fact that i was defending iron mike, but i watched what happened with mike tyson. I watched how badly he was represented by an attorney that was charging 5 million against a local attorney, the best within 100 miles that the state hired, who just ate the other mans lunch. I watched the way he did it, and i heard about a girl who, late in the evening, knocked on his door, was taken in, was raped, perhaps, perhaps not. I dont know. I think he was badly represented. I did say, number one, she knocks late in the night, number two, she was dancing in a beauty contest happily at 8 00 in the morning, and now mike tyson is in jail for cointreau or five or six years. I had a really problem with that case. I had a real problem with honking. Don king. En to charlie it is established that he raped her in the hotel. Mr. Trump i dont know that it happened. As i said, if he did not testify, he would have been exonerated. Mike was a revenge a horrible witness from what i understand. I am not surprised. I would say generally speaking, you dont put mike on as a witness. To get five or six years, there were too many circumstances. Again, she was in a beauty contest and dancing with a beautiful smile on her face at 8 00 in the morning. Charlie but the jury had a chance to hear her and test her credibility, and also faced questions. This is the same man that represented john he clean and others and had an extraordinary reputation. Mr. Trump i have been with mike. People really take advantage of this man. I think this is one of those examples. I know we have a system of juries and a system where if you are found guilty, you are guilty, but somebody like me who maybe has a more independent say, hey, mike tyson, in my opinion, should really be given another break. Charlie do you think he will fight again, and he you believe he will ever be a heavyweight champ again . Mr. Trump i believe he will fight again. I dont know if he will be a heavyweight champ again. In the prison he is in, they dont allow boxing. Came back from the years he was off. Man. Rump ali was a unique i think tyson could come back. Charlie do you think hollifield will loose . Mr. Trump i dont know, but i think the next champion will be lennox lewis. , second round, this gentleman went 18 or 20 rounds. Charlie that was his claim to fame, that he survived being in the ring. Mr. Trump clinics it could be the first in the next could ennox could be l the first real thing since mike. Charlie are you an athlete . Mr. Trump scratch golfer. Charlie person into her 73 on good courses . Par 72 or 73 on good courses . Mr. Trump on good courses. Golf can help you through a period. During the adversity period. Thetrump i would go out on golf course, sometimes i would go out with friends, and we would play, and you dont really think about the problems of the world and the problems of everything. One of the things, frankly, i was doing so well and it was all so easy that i take it easy, and all of a sudden i started relying on other people. I said, listen, you went to the Wharton School of finance, you are a genius, you take care of this. And i stopped, and i got rid of people, and since then things have been fantastic. Charlie 1992, the best year of your life . Mr. Trump i think it could be one of the best years of my life, because it all came together financially speaking. Thesee i read all numbers, and this is not investigated journalism. We have the resources and manpower during a nightly show to do with someone would take six months doing on a piece about you. You know 5 million . Mr. Trump at one point, i think i am close to 5 million. They passed the tax law which was stupidity. Charlie a lot of people supported that. Bill bradley and a lot of people , the Tax Reform Act that of all time. Mr. Trump i like bill bradley. But i have to tell you, he destroyed the Home Building industry in the United States. Charlie the tax reform of 1986 did . Mr. Trump absolutely. Incentive was taken out of the real estate industry. When the values went down and they plummeted, they absolutely plummeted billions of dollars worth halfate is now the billions of dollars. Charlie the crisis came about because a lot of savings and loan splendid money to developers that were bad loans that should have never been made. Mr. Trump thats true, but a lot of that was exacerbated. A lot of loans that could have been good loans were made into bad loans because of the 1986 tax law change. What that dude is all of a sudden you have resolution trust, and you pay billions and billions. 5 billion inve taxes, we are now paying trillions of dollars. Charlie ron perlman the other day made a billion dollars or something. Mr. Trump he is a good man. I hope you didnt make a lot of money hope he did make a lot of money. But the government passed a stupid law. Charlie here is the other side, people with great youepreneurial gifts like did there gets extended too far. When the economy goes up and goes down, if you get yourself extended too far and you have a huge debt service, push comes to shove, and you find yourself in a very between a rock and a hard place. It is that, extending yourself too far, that causes so many people to come to reality. Mr. Trump i am not going to take blame for that. I think everyone takes blame for that. The only people who dont get in trouble are the people who dont do anything. When i built the taj mahal, they said it was a billiondollar building, how could it possibly be successful . It turned out to be successful. Riverside south will be a tremendous success. Charlie lets stop at Riverside South. Arguments, you faced huge opposition on the part of the planning. You turned it around, and most of the people give you the credit for turning it around. What was it, 90 . Mr. Trump a 120 vote. Andlie how did you do it, did you make so many confessions in doing it, that it is no longer economically viable . Mr. Trump today, nothing is viable. You could have the greatest piece of land in the best location in new york, and nothing is viable. When i did the Grand Hyatt Hotel . A lot of people said, donald, you are crazy, and i was crazy, but i did it. Charlie would it have been successful without the zoning and the abatement . Mr. Trump no, it would not. Charlie so you got concessions. Mr. Trump absolutely, and now we are asking for certain things to make Riverside South successful. We have tremendous popularity. Charlie but they are supporting it because of the concessions you made. The question remains, can you deliver . Mr. Trump the bottom line is, the market comes back, you deliver. The bottom line the market does not come back, you dont deliver. Zoning foring to get a piece of land that is unsound, employing no people, sitting there, rotting, rat infested, and if i get the zoning, the city desperately needs the job. If the economy turns around and incentives are put back into real estate on the federal basis there have been hits on everything. When i did trump tower, people said i was crazy. It was too big, too expensive, everything, but it turned out to be probably the most successful Condominium Development ever in this country. It was the most Successful Development ever built in this country on a condominium basis. Two years before i started construction, people thought i was crazy to do it. It really worked out to be fantastic. You can say the taj mahal, trump plaza. So many of the jobs i do at the time imd remember supposed to be not good, and they turn out to be tremendous. Who makes the decision, you are the bankers . Are you going to parcel those projects off . Mr. Trump the city is lucky to have the bankers. They have invested a lot. They have confidence in me, confidence in the city. Otherwise, there could be a war, and that would be bad for everybody. Gone withks that have me, they believe in me, and i think ultimately the decision is going to be right. Say,ie you know what they when you grow as much money as you did, they become your partners. Mr. Trump thats really false, because they know a lot more money than me. Trouble. Charlie are they in bankruptcy . Mr. Trump they are in deep trouble. My banks now i am good, i do it the best, and they also know i am honest. Charlie but the assets are not there to get their low back. Mr. Trump i am not saying i would have been easy had the other route gone, but they had a choice, and they could have gone a different route. Charlie what is the route they would have gone . Mr. Trump did could have been contentious, rather than working with me, etc. , and that would have been bad for me. You cant pay it back, we will call the tune. Mr. Trump they could have done that, and it would have been bad for everybody, including men. Including them. The banksll, i find to be very underrated in terms of intelligence level, the whole thing. I have worked with banks for two years, and these guys have done a fantastic job, at least as far as my stuff is concerned. I have done great for them, they have done great for me. I believe that in six months, 12 months, i may be stronger than i was two years ago or three years ago. I would like to see an uptick in the market. Charlie whitey you think you will be stronger, now that you have given up equity why do you think you will be stronger, now that you have given up equity . Mr. Trump very little equity. Charlie you sold it for more money than you paid for it . Mr. Trump no, i will tell you charlie you sold it for more money than you paid for. Mr. Trump not for less, i reduced my debt by hundreds of millions of dollars. Charlie you sold it for less than you paid for it . Not, imp no, i did probably sold it for more than i paid for it, but it is a very complex formula. If we set out with a pencil and paper, we could figure it out in maybe five years. But i got rid of a tremendous amount of debt. I got rid of a lot of personal guarantees, being personal guarantees to banks. A piece of a loan. Basically, if you take the Atlantic City properties, i have up to 80 of the taj mahal. The thing is making a fortune. Making a fortune, or is it generating a fortune in revenue, but as a fortune plus index and says . In expenses . How much of it is net cash flow . A lot of money is flowing in, but the other door, there is money going the other way. Mr. Trump i think the taj could have a cash flow of 30 million or 40 million after debt. That is a great cash flow. What do i do with it . The riverside yards, other things. Trump plaza, i own 100 of trump plaza. There is this misconception. I sold very little. Charlie why would greenberg from bear stearns say you used to own 100 of assets that were worth nothing . Mr. Trump what happened at Atlantic City there is a difference, and i owned 50 of the castle. I am also i own 50 , paying much less interest, because i sold 50 to bondholders. I got reductions, so it is making a lot more money. In trump plazas case, i own 100 , and that is turning out fantastic. There are big differences, and thats what you see in all the big casinos. Aarlie they want to see you winner, because if you are a winner, that means they are a winner. Mr. Trump they dont want to see me as a winner. When things were doing good, i was on the cover, but instead of having my chin up, i had my chin down. Charlie let me stay with that image for a second. They say about you, they took your toys away, took your yacht away. Mr. Trump they did not take it away, i sold it. Charlie but did the banks put it on an allowance or not . How bad did he get you . Are you embarrassed . How bad did it gets for you . Were you embarrassed . The papers were saying, trump in trouble, trump, golden boy, no longer has midas touch. Mr. Trump in baseball, if you get 15 runs in the first inning and you dont get more runs, you still have if teen at the end of the game. Generally speaking, y