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Secretary of Treasury. He's made of power, hates to give it away. I mean that. You know, he's made deals where the firm gets fifteen or twenty million dollars and he gets half of it. That's quite a lot of money for one deal. And you'd think you'd see their money all over the place. Very hard to track it unless they give it secretly which I rather doubt.
You must know better than anybody else where the money is in New York City because of what you do. Is that correct?.
Ah, sure I know where the old money is. There's an enormous amount of new money. I keep challenging people by saying, “Between eight and nine trillion dollars of new money have been made, where is it?” And every-people say, “What do you mean several trillion?” And then I say, “Well, look at what happened to the stock market, or real estate, or what have you.” And finally they say, “Yeah, I guess that's right. I wonder where it is.” Well, of course it is in the first place--the people who had it five years ago obviously have two, or three times as much now. A lot of it, is also brand new money, and not so cleanly discernible except that an awful lot of it is down on the street.
And it's not being given to non-profit-
You see, I have a theory that people who make a lot of money rather suddenly like to look at it before they begin to think
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