"I've never seen press reporting as I have with regard to me," the then-President-to-be bemoans in the clip. "I hope the general public understands how inherently dishonest the press in this country is."
"As a member of the press, let me try to clear up some of the things which we say are untrue," Barbara matter-of-factly replies, before quoting Trump directly from a published interview.
"'My bankers and I worked out a terrific deal which allows me to come out stronger than ever — I see the deal as a great victory.'" she said before asking: "Being on the verge of bankruptcy, being bailed out by the banks..."
At this point Trump tries to interrupt, but a stern hand from Barbara immediately shuts him down.
"... skating on thin ice and almost drowning; that's a businessman who should be admired?"
Trump tries to explain his way out: "You say on the verge of bankruptcy Barbara, and you talk on the verge, and you listen to what people are saying..."
"I talked to your bankers," Barbara interjects.
After a labored pause, Trump squirms: "Well that's fine, and what did they say? You know depending on what banker you're talking to..."
"I don't know what the bankers have said, The Plaza is a very valuable property, everybody told me 'oh, you paid too much, you paid too much'... now they're all saying 'what a great deal he made...'"
Two years earlier, Trump had bought the Plaza Hotel in New York from the Westin group for a whopping $390million (the equivalent of $850million in today's money); another $50million of renovations saw it turn over a healthy operating income, but not nearly enough to cover the massive debt.
By 1992 the company Trump set up to operate it was declared bankrupt, the fourth of six times he would file one.
While the President has previously boasted about using corporate bankruptcy as a business tool, he has never filed for a personal one, insulating his personal fortune from any business dealings that go awry.
Either way, Twitter was in awe of how the unflappable Walters dealt with the property magnate, even if he didn't quite have the power of the Oval Office behind him back then.