Money Talks: How Did Trump Scam America? Lots of Luck.
Slate Books
Slate Podcasts
3.8 • 546 Ratings
🗓️ 22 October 2024
⏱️ 41 minutes
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| 0:00.0 | Hello and welcome to Money Talks, a podcast episode from Slate Money, where we chat with |
| 0:15.2 | brilliant and interesting people. I'm Emily Peck of Axios, and I'm co-host of Slate Money, |
| 0:20.3 | and today we have guests here who have busted one of the biggest financial myths I think is out there, which is that Donald Trump is a genius businessman. |
| 0:30.5 | We're talking with Pulitzer Prize winning New York Times investigative reporters Suzanne Craig and Russ Boutner, who published Lucky Loser, |
| 0:38.0 | how Donald Trump squandered his father's fortune and created the illusion of success. |
| 0:43.4 | Suzanne and Russ, welcome to Money Talks and congratulations on the book. |
| 0:47.1 | Thank you, Emily. |
| 0:47.9 | Thank you, Emily. |
| 0:48.5 | Okay, so you both have spent, I think, a decade, the last decade looking into the former president's finances. You famously got a |
| 0:57.6 | hold of his tax returns. You looked at his father, Fred Trump's financial documents. You've interviewed |
| 1:03.1 | hundreds of people. In running for president, Trump said he was an amazing businessman. He could |
| 1:08.0 | do for the U.S. what he'd done for himself in business. So what did |
| 1:12.3 | you find? Was Trump an amazing businessman? Is that in any way accurate? I mean, he's amazing |
| 1:18.8 | at some aspects of it. He's a great self-promoter. I think he's that everyone would guess. |
| 1:23.1 | He showed some competency as like a construction manager at times, overseeing jobs, although |
| 1:28.6 | he seemed to have a hard time in the projects we could see at keeping things on cost. |
| 1:33.3 | But the biggest problem was around 1985, he just took on this belief that he could do |
| 1:38.4 | anything he wanted to. |
| 1:40.0 | He had had three projects that he worked on with more experienced partners in big companies. |
| 1:45.7 | And then he just decided, well, that works. |
| 1:47.9 | Now I don't need partners. |
| 1:49.0 | And now I can do anything. |
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