You know, when everybody else was swimming downstream, he'd be going the opposite way. You know, in the early 90s, he was, you know, $1 billion in debt. Yeah. The banks were coming after him. Interest rates in New York City were, you know, 20%. and everybody was frozen. Where were you at that time? I was. I was young. I was in grade school. Right. Did that affect you? But he was literally. (59:44–59:48)
CLAIM
Asserts that interest rates in New York City were 20% during the early 1990s.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
