How Kevin Bacon & Kyra Sedgwick Survived Bernie Madoff’s Ponzi Scheme

“Let’s um, have sex or something…it’s free.” Kevin Bacon reveals how he and wife, Kyra Sedgwick, survived after losing their money to Bernie Madoff.

Released on 7/16/2015

Credits

Starring: Kevin Bacon and Michael Hainey

Transcript

00:00
(upbeat music)
00:06
I just want to touch on the Madoff question here.
00:09
Sure.
00:10
Because, and the only question I ask about that is,
00:13
what's fascinating to me, observing that from
00:16
a distance is...
00:18
Mm-Hmm.
00:19
In any couple, you know,
00:23
always the most charged conversations
00:26
are about money, right?
00:27
Yeah.
00:28
[Michael] But how did you and Kyra navigate that?
00:30
Well, look, we've been through a situation already
00:33
because we've been married for a really long time.
00:36
And in our relationship, I made all the money.
00:40
And then she got on The Closer,
00:44
and I wasn't making jack shit.
00:46
And for seven years, she made all the money.
00:49
So we already had this kind of like, there was
00:53
a certain sort of balance about that whole issue.
00:56
Even if, I think we were pretty cool about it
01:00
from the beginning,
01:01
but even if we weren't, like that really made
01:06
a great balance.
01:09
And I think that when the Madoff thing happened
01:12
we didn't want to sell our apartment,
01:14
and we didn't want to sell, you know, whatever.
01:19
But we knew we could.
01:21
You know, we would be all right.
01:23
We knew we were gonna have each other
01:26
and that our kids were okay.
01:29
They were, you know, through school and you know, almost.
01:35
We both felt like we would work.
01:36
And there were so many people that got hit
01:40
so much harder than us.
01:41
And yeah, I mean, I don't think there was
01:45
a moment where, that thing happened and then
01:48
we got pissed at each other.
01:49
It just, that just, it was sort of the opposite.
01:52
We kind of went, holy shit, you know, let's
01:56
you know, let's,
01:58
(laughs)
01:59
I don't know, let's have sex or something.
02:04
(laughs)
02:05
I don't know, I don't know.
02:07
It's free.
02:08
It's free.
02:08
(laughs)
02:10
(upbeat music)