"Listen to me. Listen. Listen to me. Listen to me. Listen to me. I assume many people are on the line. I know that before I make the call. And you have intelligence agencies, everybody listening. That call was a great call. It was a perfect call. A perfect call." — President Donald Trump, telling reporters Sunday about a phone call in which he encouraged Ukraine's president to dig up dirt on Democratic presidential candidate Joe Biden.
When Donald Trump moved into the Atlantic City gambling market in 1981, he contacted the Federal Bureau of Investigation seeking guidance. He wanted to know how best to keep organized crime out of his operation. Fair enough, but for the inconvenient fact that Trump's first two business partners there were, as he already knew, mobbed-up.
Two months later, Trump met again with the FBI and said he welcomed undercover operatives in his casino "to show that he was willing to fully cooperate," according to an FBI memo from the time. He asked for advice about staying the course in Atlantic City, and called on the agents yet again a few months later. At some point during those chats the FBI agents discouraged him from visiting a fourth time and gambling regulators eventually forced Trump to buy out his early, tainted partners.
Law enforcement and regulators in Atlantic City never prosecuted or penalized Trump for any of this; other operators (Hugh Hefner, Barron Hilton) lost their licenses for similar problems, but not Trump. Trump wore his transgressions on his sleeve — and he skated.
In 2005, while Trump was showing me the grounds of his Mar-a-Lago club in Palm Beach, he told me that one of the biggest mistakes he ever made was personally guaranteeing about $900 million of some $3.2 billion in loans he couldn't pay back in the early 1990s — recklessness that brought him to the brink of personal bankruptcy.
"My father was a pro, my father knew, like I knew, you don't personally guarantee. So I wrote a book called 'The Art of the Deal,' which as you know is the biggest of all time," Trump told me. "In the book, I say, 'Never personally guarantee.' And I've told people I didn't follow my own advice."
The Trump talking to me in 2005 presented himself as a financially chastened guy who wouldn't overreach and imperil himself, his family, and his business ever again. Personal guarantees were like time bombs, he assured me. He had learned his lesson.
But he hadn't.