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Andrew HeiskellAndrew Heiskell
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Session:         Page of 824

Heiskell:

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.

Q:

You must know better than anybody else where the money is in New York City because of what you do. Is that correct?.

Heiskell:

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.

Q:

And it's not being given to non-profit-

Heiskell:

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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