Page 7 - Billy Corbin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> hotels. real estate. it is all to sell the dream to the next people. >> anthony: in 1981, the fbi called miami the most violent city in america. the drug industry brought in an estimated $7 billion to $12 billion a year and that's of 1981 money. that is a lot of trickle down. one of the most successful documentaries in the history of film is "cocaine cowboys" that tells that story. the film made by these guys, alfred spellman and billy corbin. >>anthony: so things were in decline. cocaine sort of saved the city? >>alfred: we'd say so. am i going to get in trouble for it? yes. >> billy: by 1...

Branch in miami had a $5 billion cash surplus. mostly 50s and 100 dollar bills all of which had trace elements of cocaine on them. >> billy: and the guys who were in cocaine trafficking in the 70s and 80s got out and are now big medicare fraudsters. >> alfred: we're whispering because they're probably here. >> anthony: so where's the money now? how's business in general in miami and where is that business coming from? >> billy: oh remarkably, the rebound from the great recession, the people thought it would take almost a decade for all the condo inventory to get absorbed and it seemed to happe...

Estimated $7 to $12 billion a year and that's of 1981 money. that is a lot of trickle down. one of the most successful documentaries in the history of film is "cocaine cowboys" that tells that story. the film made by these guys, alfred spellman and billy corbin. >>anthony: so things were in decline. cocaine sort of saved the city? >>alfred: we'd say so. am i going to get in trouble for it? yes. >> billy: by 1981, you had a murder rate. 25% of those bodies had automatic weapons bullets. >> anthony: right. >> anthony: we talk about the uncomfortable reality of where a lot of modern miami came fr...

City in america. the drug industry brought in an estimated $7 to $12 billion a year and that's of 1981 money. that is a lot of trickle down. one of the most successful documentaries in the history of film is "cocaine cowboys" that tells that story. the film made by these guys, alfred spellman and billy corbin. >>anthony: so things were in decline. cocaine sort of saved the city? >>alfred: we'd say so. am i going to get in trouble for it? yes. >> billy: by 1981, you had a murder rate. 25% of those bodies had automatic weapons bullets. >> anthony: right. >> anthony: we talk about the uncomfortab...

Cash surplus. mostly 50s and 100 dollar bills all of which had trace elements of cocaine on them. >> billy: and the guys who were in cocaine trafficking in the 70s and 80s got out and are now big medicare fraudsters. >> alfred: we're whispering because they're probably here. >> anthony: so where's the money now? how's business in general in miami and where is that business coming from? >> billy: oh remarkably, the rebound from the great recession, the people thought it would take almost a decade for all the condo inventory to get absorbed and it seemed to happen almost overnight by 2010-2011 t...