of exhilaration. we survived this miserable period. let s celebrate, let s party. we have money to spend. today the fad among young people is to have big salaries, fancy clothes and fast cars. and they are called yuppies. but who are these partiers with portfolios, yuppies? a yuppy is a person who owns a mcintosh and drinks white wine and that s me. i m having a great time here. a 29-year-old is making a million dollars a year, expecting to make $1.5 million next year and $2 million the year after that. for this generation, business is hip. capitalism is no sin, it s in. is money the number one goal? yes. all of the fun is waiting for you at the castle trump s castle in a world where mere millionaires are a dime a dozen, there s a new billionaire in town. he s 40 years old, his town is new york city, and he s made his money mainly from manhattan real estate. he puts his name on almost everything he builds. says it s a symbol of quality. but others say it s part
force under vice president bush to review regulations with an eye toward getting rid of as many as possible. the philosophy behind deregulation was that markets worked better than government controls. this bill represents the first step in our administration s comprehensive program of financial deregulation. introducing deregulation, finance began to get much more creative and frankly much more profitable too. in money matters, wall street, where leaping stocks have investors jumping. when the market opens for trading this morning, the dow jones industrial average will stand at its highest level ever. the past few months have been among the wildest in wall street s history. stock and bond prices soared in a frenzy of activity. optimists on wall street are talking about the beginnings of economic recovery. the supporters of deregulation point to the soaring stock market as evidence that a deregulated economy makes money for everyone. the stock market took off like a rock
a lot of nicotine in here. it was a week to remember. banker s hours posted on the doors of savings and loan institutions in ohio didn t mean a thing. the doors were locked. the run on ohio savings and loans began when home state savings bank was besieged by depositors who demanded their money. i don t have a whole lot and i m 79 years old, i need that money. i made a decision after weighing several options we had to close all 71 of the privately insured savings and loan institutions. they re faced with the dilemma of solving the worst financial crisis in ohio history, a situation that is being called the worst banking crisis in the u.s. since the depression. the deregulatory climate of the 1980s, savings and loans
if jim bakker paid jessica hahn hush money, quote/unquote, what else has he been doing with the ptl money? do you worry about the investigation? not at all. history will prove the bakkers were honest people. we interrupt this program for a special report. jim bakker, the defrocked head of the ptl ministry, has been found guilty on all 24 counts of fraud and conspiracy by a jury in charlotte, north carolina. bakker kept selling lifetime partnerships at heritage usa, even though he knew they were oversold. the heritage grand hotel could only accommodate 25,000 partnerships but 65,000 were sold. and for the lower-priced bunk house partnerships, about 7,000 were sold for a building that had only eight rooms. estelle sent jim and bakker s ptl club $15 for 15 years.
four days and three nights every year for the rest of your life. that mix of god and greed ends up derailing them and ends up leading them to breaking the very rules that they re preaching about. television evangelist jim bakker has stepped down as the head of the praise the lord or ptl ministry. bakker s resignation came because of a sexual encounter seven years ago. jessica hahn is to be paid monthly as long as she keeps quiet about the incident. it turns out jim bakker has been paying off this secretary, and that shakes the evangelical world. the evidence seems to indicate that effort and money have been expended to cover moral failure. if jim bakker paid jessica hahn hush money, quote/unquote, what else has he been doing with the ptl money? do you worry about the investigation? not at all. history will prove the bakkers were honest people. we interrupt this program for a special report.