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 was in the dumps. Dobyns on wall street, it was cold, gray, wet, and miserable. There was no comfort to be found outside. And for investors, there was not much inside, either. The tickers carried almost nothing but bad news. Mclean wed come off a terrible decade for investing. Peopl
to stay on the air, and they need to stay on the air to raise money money for the kind of electronic equipment any network would be proud to own. i believe god wants us in the next 30 days to have every one of these bills paid in full, and ptl can live if we pay our bills. it pays the bills if we would all just do [voice breaking] something. troy: as televangelism grows, jim bakker is the one who truly gets it. he understands that preaching on television is not just about standing up and giving a fire-and-brimstone speech. he understands that in the age of television, the johnny carson approach to televangelism, that being more intimate, showing your lifestyle, and your beautiful family is essential because it brings people in. and he s a brilliant entrepreneur, and he s a brilliant salesman of himself. ptl and now here are jim and tammy! clayton: their appeal is powerful. last year, a million people responded to the bakkers constant request for money. tammy bakker: how many do
rogers: we ve had 29-year-olds making $1 million a year, expecting to make $2 million the year after that. diana ferry: but if you ve got plastic money, there s nothing holding you back. history will prove the bakkers were honest people. reporter: insider trading could become wall street s watergate. pauley: what do we call greed the day before an indictment? i m afraid recently, we ve called it success.
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
americans seem utterly hooked on home shopping. your order has been completed for one of the ruby bracelets. so, i have you down for two of the plush musical bunnies. [ cowbell clanging ] safer: there are home shopping club parties. like-minded consumers gather together to do what comes naturally. i want four of those bird figurines. you don t have to leave your house, and stuff will come to you. welcome to america. jim bakker: give us 300 more people to call on their credit card, right now. if you and enough people will send me $100 immediately, i need some very quick money. go to the phone right now. now! quit talking about saying you believe in god without ever acting on his word. now! faith is an act! koppel: in all, there are 1,600 television ministers. and of the $1.5 billion grossed annually, just three of them pat robertson s, jimmy swaggart s, and jim bakker s took in close to $500 million. safer: the prime-time preachers say they need the money