1994 ABC Primetime interview w/Trump (Transcript)

[Hawaii Hiker]

https://politicalwire.com/2016/10/14/exchange-of-the-day-36/#disqus_thread

[Jarqui]

1. How do these 1994 comments on his debt, etc reconcile

http://www.hollywoodreporter.com/news/donald-trump-women-unearthed-1994-primetime-interview-nancy-collins-938176?utm_source=twitter

How much personal debt do you owe?

I had in excess of $5 billion worth of personal debt ... it ended up at $975 million and now it's down to $115 million, which I'm going to pay very quickly, in a short period of time. 


Daunting.

I always felt fine, my assets were substantially above that. But when the markets crashed the debt stayed the same, the assets went below the debt for the first time. At one point, I was worth minus $900 million. I thought, “I’ve worked a lifetime and this is it?” Pretty bad. I was living off income, fighting, arguing, things weren’t being paid.

Was your bankruptcy embarrassing?

I never went bankrupt; I’m very proud of that. A small portion of my companies were put into a prepack, a quick way to solve a problem. I threw some of our companies into bankruptcy to solve problems within the companies, but I didn’t have to revert to personal bankruptcy.

How did you avoid personal bankruptcy? The banks bailed you out?

Nobody's bailed me out, I bailed myself out; I've done a really good job of getting out of trouble.To get a deal with a good bank you have to have three things: Be professional, honest and they have to like you. I was all three. If they catch you with your fingers in the till, you’ll never work out a deal again. The banks were wise and it worked out well for everybody.

How is your company doing?

1994 may be my best year ever. 1990 was the worst year of my life but because I worked so hard in ’91, and ’92 this is the culmination. The Taj Mahal is breaking every record in Atlantic City, no casino has ever done that, very few in the world. Trump Plaza and The Castle also doing great.

with his 1995 tax return
http://www.nytimes.com/2016/10/02/us/politics/donald-trump-taxes.html?_r=0
Donald J. Trump declared a $916 million loss on his 1995 income tax returns

Now "loss" does not equal "debt" but "1994 may be my best year ever" and other remarks is a strange statement prior to a billion dollar loss in 1995, isn't it?

[Democat]

2. Trump bragging about making deals with bankers

Yesterday he was saying that bankers are evils and anyone who makes deals with them is evil.