ARCHIVAL VIDEO: 1989: Paul Manafort Admits to Influence Pedaling in Wake of US Department of Housing and Urban Development Federal Investigation

The political strategist said he was just working within the system when he purchased apartments to renovate after he lobbied HUD to make rent subsidies available.
0:50 | 04/11/16

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Transcript for ARCHIVAL VIDEO: 1989: Paul Manafort Admits to Influence Pedaling in Wake of US Department of Housing and Urban Development Federal Investigation
The story of how and on wanted housing project was developed anyway. The story was told before a house subcommittee investigating charges of influence peddling and corruption. At the Department of Housing and Urban Development during the Reagan administration but things are always taxpayers' money at hearted tone arm or the outraged that that this kind of mines and weighs its project. The project was approved after lobbying by Paul Mann a port hot campaign strategist for President Bush. And a fourth consulting firm was paid 326000. Dollars thousand dollars for each unit. April 1987. After man a quick lobbying helped persuade Hyde to make grants subsidies available Massport and some partners bought the apartment. Mattapoisett he was just working within the system but I'll stipulate person today that you can characterize this is influenced.

This transcript has been automatically generated and may not be 100% accurate.

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