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Transcripts For CNNW The 20240704

Rogers weve had 29yearolds making 1 million a year, expecting to make 2 million the year after that. Diana ferry but if youve got plastic money, theres Nothing Holding you back. History will prove the bakkers were honest people. Reporter Insider Trading could become wall streets watergate. Pauley what do we call greed the day before an indictment . Im afraid recently, weve called it success. Robinson the u. S. Economy, which used to be the envy of the world, is in the most serious trouble since the Great Depression. Inflation is rising while our standard of living is declining. Thomas there was tremendous inflation and not much growth. The country was not in a Great Depression in 1980, but the United States
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Transcripts for CNN The Eighties 20240604 06:18:00

Has been found guilty on all 24 counts of fraud and conspiracy by a jury in charlotte, north carolina. jones: bakker kept selling lifetime partnerships at heritage usa even though he knew they were oversold. for example, the heritage grand hotel could accommodate only 25,000 partnerships, but 65,000 were sold. and for the lower-priced bunkhouse partnerships, about 7,000 were sold for a building that had only eight rooms. gumbel: estelle pollard sent jim and tammy bakker s ptl club $15 a month for 15 years. she thought that by giving to them, god would ease her pain and that of her ailing husband. i have been one to help make millionaires out of those people when i don t have enough to even live on. jones: bakker could be sentenced to 120 years in prison and fined over $5 million. i would say i feel sad, but encouraged in god. hall: tammy bakker said she could best describe her feelings in song. on christ, the solid rock i stand ....

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