TRUMP: I THINK I'LL DO WELL.JUST LIKE I HAVE DONE WELL WITH THE "APPRENTICE" BUT I LOVE BUILDING BUILDINGS.THAT'S MY PROBLEM.

QUICK: YOU SEE SOME OPPORTUNITIES THAT YOU DIDN'T SEE TWO YEARS AGO WHAT KINDS OF OPPORTUNITIES ARE YOU TALKING ABOUT?

TRUMP: GREAT OPPORTUNITIES.YOU GO INTO THE HOUSING COMPANIES.I'M DEALING WITH TWO HOUSING COMPANIES RIGHT NOW AND BUYING SOME OF THEIR STUFF, SOME OF THEIR ASSETS IN ONE CASE IT TOOKTHEM TEN YEARS TO GET ZONED.FINALLY GOT IT ZONED.ZONING IN THIS COUNTRY IS VERY TOUGH.IT'S INTERESTING.I GO TO QATAR AND DUBAI AND THEY FILL IN THE OCEAN, OKAY? DO YOU HAVE AN ENVIRONMENTAL IMPACT STUDY?THEY LOOK LIKE I'M CRAZY.WHAT ARE YOU TALKING ABOUT. OVER HERE IT TAKES TEN YEARS ON GET ZONING ON SOMETHING BECAUSE THERE'S A LAKE THAT'S TEN MILES AWAY THIS COUNTRY IS AT REALLY A VERY BIG DISADVANTAGE. IF I WANT TO BUILD A CERTAIN TYPE OF BUILDING IN NEW YORK, THEY LAUGH AT ME. I'M DOING A 44-STORY BUILDING IN SOHO, AND THE ZONING WAS MURDER. AND IN DUBAI, I'M BUILDING A BUILDING, AND, BY THE WAY, IT'S MAGNIFICENT. GOTTEN REVIEWS, BUT YOU COULDN'T BUILD IT IN NEW YORK. THE RESTRICTIONS AND REGULATIONS ARE MAKING US NONCOMPETITIVE.

KERNEN: WE'LL HAVE A LOT MORE REGULATIONS AND RESTRICTIONS, DONALD.

TRUMP: TELL ME ABOUT IT.

KERNEN: THERE'S NO WAY AROUND IT THIS TIME, RIGHT?

TRUMP: YOU'RE TALKING ABOUT REGULATIONS AND RESTRICTIONS ON MORTGAGES.WHY I'D LOVE TO BE ABLE TO HELP PEOPLE, I DON'T SEE HOW THE GOVERNMENT CAN MANAGE THAT YOU KNOW, THAT'S A HUGE PROBLEM.I HEAR THEY WANT TO GIVE SUBSIDIES TO PEOPLE WITH MORTGAGES.THE GOVERNMENT CAN'T GET OUT OF THEIR OWN WAY.SO I LISTEN TO IT, I HEAR IT, AND I LOVE THE CONCEPT, BUT HOW DO YOU MANAGE SOMETHING LIKE THAT WITH MILLIONS AND MILLIONS OF PEOPLEFORECLOSURES UP 66% FROM LAST YEAR, THAT'S A TERRIBLE THING.I LISTEN TO THE FOLKS ON YOUR SHOW.THEY SAY WE'RE NOT IN A RECESSION.I SAY WHO ARE THESE MORONS?

KERNEN: OKAY.I WILL SAY, DONALD, FAR BE IT FROM YOU TO EVER HAVE AN INTEREST IN YOUR OWN HOLDINGS AND THINGSIF REAL ESTATE WAS HOT LIKE OIL RIGHT NOW AND ONE SAID TAX THE HELL OUT OF REAL ESTATE, YOU MIGHT HAVE A DIFFERENT TAKE ON IT.

TRUMP: THE FACT IS IT'S NOT HOT LIKEOIL.AND OIL'S BEEN HOT FOREVER. PEOPLE TELL ME -- I HAVE FRIENDS THAT HAVE SONS AND THEY WANT TO MEET ME BECAUSE OF THE SUCCESS OF THE "APPRENTICE". I TELL THEM TO GO INTO THE OIL BUSINESS.SINCE I'VE BEEN GROWING UP, LITERALLY, IT'S NEVER HAD A DOWN TICK.ONE YEAR IT WAS A LITTLE DOWN, BUT BASICALLY NEVER HAD A DOWN TICK.I HAVE TWO FRIENDS, BOTH GRADUATED FROM THE WHARTON SCHOOL OF FINANCE WITH ME.ONE WAS VERY SMART, ONE WASN'T.THE VERY SMART ONE WENT INTO THEAIRLINE BUSINESS, HE'S A TOTAL DISASTER, MAKE NOS MONEY. THE OTHER ONE NOT AS SMART AS HIM, HE'S NO LONGER A FRIEND OF MINE SO I CAN TALK THIS WAY.HE WENT INTO THE OIL BUSINESS AND ONE OF THE TOP GUYS AT ONE OF THE OIL COMPANIES AND MAKING A FORTUNE.IT'S A QUESTION OF CHOOSING THE BUSINESS AND AIRLINE BUSINESS ISTHE WORST, BUT THE OIL BUSINESS IS THE BEST.

QUICK: WHO IS IT?

TRUMP: I'D LOVE TO GIVE YOU THE NAME, BUT I CAN'T DO THAT.I DON'T WANT TO EMBARRASS YOU IN FACT, FRANKLY, I HOPE HE'S NOT WATCHING.WILBUR WILL GET IT FROM ME OVER DINNER AT MAR LARGO.

TRUMP: I CAN'T BELIEVE YOU RAN FOR PRESIDENT AT SOME POINT.EVERYBODY SAYS I RAN, BUT I DIDN'T RUN.

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