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
i guess, uh. making a lot of money. for yourself or for the company? myself and for the firm, yeah. when the economy started to recover and become more vibrant, i think there was a great sense of exhilaration. you know, 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. rose: but who are these partiers with portfolios, these yuppies? a yuppie is a person who owns a macintosh, who eats fine quiche, and drinks white wine, and that s me. i m having a great time here. 29-year-olds making $1 million a year, expecting to make a million and a half next year and $2 million the year after that. shriver: for this generation, business is hip. capitalism is no sin. it s in. shriver: is money the number-one goal? yes. all of the fun is waiting for you at the castle trump s castle wallace: in a world where mere millionaires are a
that s all it is? it has nothing to do with the ego. all i know is it sells. what do you do? security. we don t need security here. let s go outside. we have people outside. auletta: leona helmsley was the wife of harry helmsley, one of the major much bigger than trump real estate developers in new york. i asked for something. i did not get it from you. i want it. you have nothing to do? connelly: leona helmsley, the queen of mean. the idea was that she was so mean because she wanted you to have a great experience in one of her hotels. really? seemed like she was just mean. oh, my. it s paradise. he stands here and he says i m taking inventory, i own this, i own this, i own this, and that one and that one and that one. he plays monopoly, but with real buildings. with real buildings. wallace: they bought this connecticut estate a year ago 26 acres, 28 rooms for just the two of them. and this building structure is just what?
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 of the hype. troy: donald trump, he is the brand, and he is the symbol of a new swashbuckling approach to commerce, to entrepreneurship, and also to conspicuous consumption. smith: we definitely do now have people who have become celebrities just from being rich. i ll take the trumps as a good example. i mean, their celebrity is generally that they are rich. donald trump has also ventured into gambling and professional football and says he could negotiate a nuclear disarmament treaty with the soviet union. wallace: they say he s land-hungry, money-hungry, power-hungry. the power is nonsense. i love the creative process. wallace: what about the name of trump city? trump tower we re sitting in? trump plaza? trump castle? it sells, mike. all i kno