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David Dinkins

Today, certain people file for bankruptcy, businesses and individuals, and it no longer has the stigma it once had. Now it's almost considered wise, a way to regroup and come back again.

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We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not only paid it off, but we paid it off ahead of time.

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I went downtown as a lawyer and then I worked in a liquor store at night, as I had done all through law school. And so when I got to the point where I could give up the night job, I joined the political club.

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Children are amazing, and while I go to places like Princeton and Harvard and Yale, and of course I teach at Columbia, NYU, and that's nice and I love students, but the most fun of all are the real little ones, the young ones.

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Some of us claim that New York City is the capital of the country, indeed the capital of the world. Now, that may be a bit much for those who don't come from New York, but clearly we are an important city for reasons of our cultural advantages.

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So it's a mistake for someone to think that they bailed New York out. They did assist us, for which we are grateful, but it's a mistake to say we bailed New York out by giving them a grant of money to help those poor people who throw it away on welfare.

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Well, I'm not sure, but of one thing I am certain: History judges one differently than contemporary observers, and so I think that as time passes, I hope that not me personally so much, but our administration will be seen for some of the things that we accomplished.

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