market, including Mr. Trump's luxury buildings. "I don't see the subprime problems affecting the higher-end stuff," he said. In fact, he is advising investors that there are now great deals in buying subprime mortgages at a discount and repossessed houses at low prices.” [Globe and Mail, 3/20/07] • 7/24/07: New York Times: The Stock Market’s Biggest Worry Was The Slumping Housing Market Because Of Its Potential To Impact The Broader Economy And Financial System. “Countrywide Financial, the nation’s largest mortgage lender, said yesterday that more borrowers with good credit were falling behind on their loans and that the housing market might not begin recovering until 2009 because of a decline in house prices that goes beyond anything experienced in decades….The slumping housing market has become the biggest worry for the stock market, which just four days ago set records, because of its potential impact on the broader economy and financial system.” [New York Times, 7/25/07] TRUMP ACKNOWLEDGED THAT PRESIDENT OBAMA “INHERITED A MESS” AND PREDICTED “HE WILL BE SUCCESSFUL” 3/17/09: Donald Trump Said President Obama “Inherited A Mess” And That He Was “Doing As Well As Could Be Expected” And That “Ultimately, He Will Be Successful.” LARRY KING: “What's your read on how the president is doing?” DONALD TRUMP: “I think he's really trying. He inherited a mess. Mr. Bush gave him a total mess. But he's really trying hard. And I think he's doing as well as can be expected thus far. And I think, ultimately, he will be successful.”[Larry King Live, CNN, 3/17/09] 3/6/09: Donald Trump Said The U.S. Was In A “Terrible, Terrible Period Of Time” Worse Than Anything Since The Great Depression, And That Unemployment Would Reach Above 10 Percent. DONALD TRUMP: “We are in a terrible, terrible period of time, not since the Great Depression has there been anything like this. … So I-- I think, probably, it gets worse. Eventually, it’ll get better. The question is when.” HARRY SMITH: “How high do you think unemployment might get?” DONALD TRUMP: “I think it’ll go over ten percent, eventually. That’s very high. If you lose a half a million jobs in like a month, it’s unheard of.” [This Morning, CBS News, 3/6/09] SEPTEMBER, 2009: TRUMP SAID THE FINANCIAL CRISIS MAY BE WORST SINCE 1929 AND SUPPORTED THE AIG BAILOUT Donald Trump Said The 2008 Financial Crisis Had The Chance To Be The Worse Period Of Time Since 1929, And That The Government “Actually Made A Great Deal” And Was Right To Bailout AIG.DONALD TRUMP, TRUMP ORGANIZATION: “Well, I think it has the chance to be the worst period of time since 1929. This is a really devastating period. When you look at AIG, when you look at Goldman Sachs and Morgan Stanley and so many others that are potentially great companies, are great companies and they're just down the tubes. It's an incredible period. As far as ‘was the government right with respect to AIG?’ I believe so. And in a sense, they bought 80 percent of the company for a guarantee. They may have actually made a great deal. So I really believe they were right.” [Larry King Live, CNN, 9/21/08] 3/17/09: Donald Trump: “I Was One Of The First Ones That Said Depression And Used The Word Depression A Couple Years Ago.” “Well, you know, I was one of the first ones that said depression and used the word depression a couple years ago, because I have a lot of experience with banks and I see how incompetent some of the banks were. And I was very, very strong on -- you know, on your show and other shows, to be honest with you. Now what's Confidential Page 100