MONTH. >>> THE MANAGING DIRECT HERB OF THE INTERNATIONAL MONETARY FUND RELEASED AN EYE-OPENING REPORT
ON THE HEALTH OF THE GLOBAL ECONOMY THIS PAST WEEK. AND THEN SAT DOWN WITH US. >> THE BIGGEST SURPRISE IS THAT
THE PICTURE WHILE IT REMAINS VERY CONCERNING IS LESS DIRE THAN IT WAS JUST TWO MONTHS AGO. SO IT IS NOT MUCH BETTER.
IT IS JUST LESS BAD. >>> THIS FORMER PROSECUTOR SAYS DONALD TRUMP'S OWN FINANCIAL STATEMENTS PROVE HE LIED TO
BANKS BY INFLATING HIS REAL ESTATE EMPIRE BY BILLIONS OF DOLLARS. MARK POMERANTZ QUIT THE
MANHATTAN D.A.'S OFFICE AFTER HE SAYS HIS BOSS WOULDN'T MOVE FORWARD WITH THE CASE. >> IF YOU TAKE THE EXACT SAME
CONDUCT AND MAKE IT NOT ABOUT DONALD TRUMP AND NOT ABOUT A FORMER PRESIDENT OF THE UNITED STATES, WOULD THE CASE HAVE BEEN
INDICTED? IT WOULD HAVE BEEN INDICTED IN A FLAT SECOND. >>> EVERYBODY GOOD?
>> IN L.A. WE MET THE RED HOT CHILI PEPPERS AT THE ROXY ON THE SUNSET STRIP WHERE THEY TOLD US JUST AS THEY CONNECT WITH
AUDIENCES THEY CONNECT WITH EACH OTHER. >> THE WAY JAZZ PLAYERS PLAY AND THE WAY THAT BASKETBALL PLAYERS
PLAY. TELEPATHICALLY UNDERSTANDING WHEN TO GO, WHEN TO MOVE WHEN TO DO THAT.
>> WE'RE SUPPORTING EACH OTHER SAME TIME. EVERY HAS DIFFERENT WAYS OF DOING THAT.
>> I SEE BASS AT LEAD INSTRUMENT WHOLE TIME. >> HIM AT LEASE INSTRUMENT. >> JYEAH.
A BEY SOLO. >> I'M LESLEY STAHL. >> I'M BILL WHITAKER. >> I'M SCOTT PELLEY.
>> THOSE STORIES AND MORE TONIGHT ON "60 MINUTES.">>> WIT INTEREST RATES AGAIN THIS PAST WEEK, A WAR RAGING IN UKRAINE
AND CHINA OPENING UP. WE WONDERED ABOUT THE GLOBAL ECONOMY. SO WE ASKED KRISTALINA GEORGE
YEAH VIRGINIA. USING TO BAIL OUT COUNTRIES DROWNING IN DEBT AND ISSUES QUARTERLY REPORTS THAT WORLD
LEADERS AND BANKERS RELY ON AND ANALYZES THE ECONOMIC HEALTH OF NEARLY 200 COUNTRIES. THE LAST IMF REPORT IN OCTOBER
PAINTED A DIRE PICTURE OF THE GLOBAL ECONOMY. MANAGING DIRECTOR GEORGIEVA WAS MAKING DOOM AND BLOOM
PREDICTIONS OF A DARK FUTURE BUT THE IMF'S NEW REPORT ON 2023 ISSUED THIS PAST WEEK HAS HER OPTIMISTIC SOMEWHAT.
>> THE BIGGEST SURPRISE IS THAT THE PICTURE WHILE IT REMAINS VERY CONCERNING IS LESS DIRE THAN IT WAS JUST TWO MONTHS AGO.
>> WE ARE STILL GOING FOR A YEAR OF SLOWING GROWTH. WE ARE STILL GOING TO HAVE INTEREST RATES RELATIVELY HIGH,
BECAUSE INFLATION HASN'T EVAPORATED. SO IT IS NOT MUCH BETTER. IT IS JUST LESS BAD.
>> THE REPORT SAYS, WE'RE GOING TO GO DOWN GENERALLY, THE WORLD, AND THEN WE'RE GOING TO EASE UP? >> THIS IS WHAT WE ARE EXPECTING
TO SEE. THAT INFLATION PROBABLY WOULD SHRINK FROM 8.8% IN '22 TO JUST SLIGHTLY OVER 4% IN 2024.
>> SO TELL US ABOUT THE PREDICTION FOR THE U.S. ECONOMY. >> THE U.S. ECONOMY IS ALSO GOING TO SLOW DOWN THIS YEAR,
BUT AT LEAST BASED ON THE DATA WE HAVE TODAY, WE THINK U.S. WOULD BE ABLE TO GO THROUGH THE YEAR NARROWLY AVOIDING FALLING
INTO RECESSION. > DOES THAT MEAN A SOFT LANDING? >> THAT MEANS A POSSIBILITY FOR
A SOFT LANDING FOR THE UNITED STATES >> WHAT ABOUT EMPLOYMENT? >> OUR EXPECTATION TOWARDS END
OF YEAR IS TO SEE SOMEWHAT WEAKER LABOR MARKETS, BUT LET'S BE VERY CLEAR. WE ARE NOT SCARED OF SOME BIG
UNEMPLOYMENT WAVE SWIPING THROUGH THE UNITED STATES. >> SO WHAT IS YOUR ADVICE TO THE U.S. FED?
SHOULD THEY CONTINUE RAISING RATES? >> OUR ADVICE TO THE FED IS TO STAY THE COURSE UNTIL CORE
INFLATION STARTS STREAMING DOWN. >> NOW, THIS IS EXTREMELY IMPORTANT WHAT YOU'RE SAYING, BECAUSE THE FED, LIKE ALL THE
OTHER FINANCIAL INSTITUTIONS, RELY ON THE IMF REPORTS. >> THE FED HAS TO BE VERY CAREFUL NOT TO START EASING
FINANCIAL CONDITIONS PREMATURELY. >> WHAT ABOUT AMERICAN POLITICS? I'M SPEAKING OF THE DEBT CEILING
SPECIFICALLY. SHOULD YOU FACTOR THAT IN? ARE YOU ASSUMING THAT THE UNITED STATES COULD GO INTO DEFAULT,
BECAUSE CONGRESS REFUSES TO LIFT THE DEBT CEILING? >> A DEFAULT OF U.S. WOULD CAUSE SIGNIFICANT DAMAGE TO THE GLOBAL
ECONOMY, BUT IF YOU LOOK AT HISTORY, USUALLY AFTER A LOT OF BACK AND FORTH, A SOLUTION IS BEING FOUND.
SO I PUT MY HOPE AND TRUST THAT HISTORY WOULD BE REPEATED. >> SO YOUR ASSUMPTION IS THAT THE UNTHINKABLE WON'T HAPPEN?
>> TO BE MORE OPEN-MINDED, THAT THE UNTHINKABLE CAN HAPPEN. EVEN MORE SO, THE WAR IN UKRAINE, AND THIS IS WHY IT IS
VERY IMPORTANT FOR EVERYBODY CONCERNED TO TAKE THIS CONVERSATION VERY SERIOUSLY. IT WOULD BE VERY DAMAGING FOR
U.S. CONSUMERS IF U.S. DEFAULTS. THAT WOULD PUSH INTEREST RATES UP, AND IF PEOPLE DON'T LIKE INFLATION TODAY, THEY'RE NOT
GOING TO LIKE IT AT ALL WHAT MAY HAPPEN TOMORROW. >> KRISTALINA GEORGIEVA IS THE FIRST IMF DIRECTOR FROM AN
EMERGING MARKET HAVING GROWN UP HERE IN SOFIA, BULGARIA UNDER COMMUNISM. TODAY THE OLD LENIN MONUMENTS
HAVE BEEN REMOVED TO A REMOTE GARDEN MUSEUM, BUT SHE REFUSED TO GO SEE THEM WITH ME. >> WHEN WERE YOU GROWING UP,
HIGH SCHOOL, WERE YOU A COMMITTED COMMUNIST? >> ABSOLUTELY NOT. ABSOLUTELY NOT.
MY FAMILY WAS NOT PARTY MEMBER FAMILY. >> Reporter: LIFE WAS HARD. AT 15 SHE STARTED WORKING IN
SOFIA'S MAIN FOOD MARKET, STILL THERE TODAY. >> MY VERY FIRST DUTY WAS CABBAGE, TO CLEAN IT AND PUT IT
ON DISPLAY TO BE ATTRACTIVE. >> Reporter: THE FAMILY HAD LITTLE, BUT SHE REMEMBERS A HAPPY CHILDHOOD.
>> I WOULD BE COMING HOME FROM SCHOOL. WE LIVED ON THE FIRST FLOOR, AND THE WINDOWS WOULD BE OPEN, AND I
WOULD HEAR MY FATHER AND MY MOTHER SINGING. [ SNG [ SINGING NON-ENGLISH ].
>> SHE AND HER BROTHER STILL REMEMBER THE WORDS. TOUGH AS IT WAS UNDER COMMUNISM THINGS GOT EVEN WORSE WHEN THE
SOVIET UNION COLLAPSED. >> NOTHING IN THE STORES. NOTHING. I WOULD GET UP AT 4:00 IN THE
MORNING TO BUY MILK FOR MY DAUGHTER AND IN THE MID-'90s INFLATION BECAME SO BAD THAT ULTIMATELY 2,000% A YEAR.
>> OH, MY GOD. >> IT WIPED OUT PEOPLE'S SAVINGS. >> SHE LEARNED ECONOMICS AT THE
KARL MARX INSTITUTE IN SOFIA, BUT AS THE SOVIET GRIP LOOSENED SHE WAS FREE TO COMMIT TO CAPITALISM WINNING A SCHOLARSHIP
TO STUD ANY LONDON, THEN M.I.T. SHE JOINED THE WORLD BANK AS AN ECONOMIC RISING TO CEO, AND IN 2019 HEAD OF THE IMF.
FOR HER, THE WAR IN UKRAINE IS A CHILLING ECHO OF THE PAST AS RUSSIA ONCE AGAIN MENACES ONE OF ITS NEIGHBORS.
GEORGIEVA HAD A PERSONAL REASON TO WORRY. HER BROTHER WAS LIVING IN KHARKIV.
>> I WOULD BE CALLING HIM, AND I CAN HEAR THAT BOMBS ARE FALLING. I CAN HEAR IT ON THE PHONE. >> WHAT WAS IT LIKE?
>> Translator: IT IS SO DIFFICULT TO EXPLAIN. IT IS LIKE DESCRIBING TO SOMEBODY WHO IS BLIND WHAT THE
COLOR RED IS. >> THE IMF HAS LENT UKRAINE $2.7 BILLION AND SHE SAYS IS FINALIZING A PROGRAM TO SEND
MORE. >> UKRAINE LOST A THIRD OF ITS ECONOMY, AND UKRAINE WILL CONTINUE TO BE STRUGGLING,
BECAUSE OF THIS UNPROVOKED INVASION. >> WHEN YOU DID YOUR REPORT, HOW DID YOU FACTOR IN THE WAR?
>> WE EXPECT THAT THE WAR WOULD CONTINUE, BUT THE MOST SIGNIFICANT IMPACT OF THE WAR THAT WAS FOOD AND ENERGY PRICES
JUMPING UP IS GOING TO BE FELT LESS IN 2023. EUROPE HAS DONE AN EXCELLENT JOB TO FREE ITSELF FROM DEPENDENCY
ON RUSSIAN OIL AND GAS, AND BY DOING SO, THEY REDUCED THE PREMIUM ON PRICES THAT COMES FROM UNCERTAINTY.
>> BUT THE WAR HAS SENT FOOD, FUEL AND FERTILIZING PRICES WAY UP ON FOUR CONTINENTS. THE IMF WARNS THIS IS A DISASTER
ON TOP OF A DISASTER FOR MANY DEVELOPING NATIONS, AS THEY BORROWED EXCESSIVELY DURING COVID AND A GROWING NUMBER JUST
CAN'T PAY IT BACK. >> WE RISK TO GET TO A POINT WHERE COUNTRY AFTER COUNTRY AFTER COUNTRY FALLS OFF THE
CLIFF AND THEN CREATES CONDITION FOR A CRISIS. THIS IS BECOMING A VERY PRESSING ISSUE.
60% OF LOW-INCOME COUNTRIES ARE AT OR NEAR THAT DISTRESS. 60%. >> SO WE HAVE THE U.S. DOLLAR.
EXTREMELY STRONG RIGHT NOW. HOW MUCH IS THAT FEEDING INTO THE PROBLEM OF DEBT? >> VERY DIFFICULT FOR EMERGING
MARKETS AND DEVELOPING ECONOMIES. THEIR CURRENCIES DEPRECIATE. SO IMAGINE YOU HAVE HIGH LEVEL
OF DEBT THASHT IS DOLLAR DOMINATES, INTEREST RATE GOES UP AND YOUR CURRENCY GOES DOWN. >> AND SO THEIR DEBT PAYMENTS
ARE HIGHER, BUT THE BIGGEST CREDITOR OF THESE DEVELOPING NATIONS ISN'T THE U.S. IT'S CHINA, WHICH HAS HANDED OUT
$1 TRILLION IN LOANS TO ALMOST 150 COUNTRIES TO BUILD ROADS, PORTS AND SO ON. >> CHINA OVER THE YEARS HAS BEEN
RELUCTANT TO NEGOTIATE ON THEIR LOANS, AND FORGIVE LOANS. >> YOU'RE ABSOLUTELY RIGHT. CHINA HAS PRO ACTIVELY SEEK
STRUCTURALLY OF THESE DEBT OBLIGATIONS. >> THERE'S SOMETHING CALLED "THE CHINA DEBT TRAP" AND IT HAS BEEN
THOUGHT THAT CHINA LIKED TO KEEP COUNTRIES INDEBTED TO THEM SO THAT THEY CAN APPLY POLITICAL PRESSURE AND MAKE THEM BEHOLDEN
TO CHINA. >> CHINA HAS TO CHANGE ITS POLICIES, BECAUSE LOW-INCOME COUNTRIES CANNOT PAY.
THIS IS WHEN THE INSTRA FROM YOUR YOUR -- INFRASTRUCTURE BECOMES -- WE ARE WORKING TO
BRILL CREDITORS FROM ADVANCED ECONOMIES NEW CREDITS, CHINA, SAUDI ARABIA, INDIA, AS WELL AS THE PRIVATE SECTOR AND PUT THEM
AROUND THE TABLE WITH THE BETTER COUNTRIES. WE ARE GOING TO BE IN BANGALORE, IN INDIA, IN END OF FEBRUARY.
>> HAS CHINA AGREED TO ATTEND? >> CHINA'S GOING TO PARTICIPATE AT THE LEVEL OF MINISTER OF FINANCE AND THE GOVERNOR OF
PEOPLE'S BANK OF CHINA. >> GEORGIEVA TRAVELED THE WORLD MEETING CHINA'S PREMIER AND OTHER LEADERS TO ARRANGE THIS
HISTORIC DEBT ROUNDTABLE. A BIG WIN FOR THE HEAD OF THE IMF, BECAUSE AS THE NEW REPORT POINTS OUT, THE WORLD IS
FRAGMENTING. >> THIS ORGANIZATION WAS FOUNDED AFTER WORLD WAR II. IT WAS IN OPERATION THROUGH THE
COLD WAR. AND THEN THROUGH GLOBALIZATION. ARE WE IN THE MIDST OF DEGLOBALIZATION?
AND IS IT DESTABILIZING? >> THIS IS REALLY -- PROBLEMATIC FOR OUR FUTURE, BECAUSE A FRAGMENTED WORLD IS POORER AND
LESS SECURE. WE DID ASSESSMENT HOW MUCH WOULD BE THE LOSS? JUST TRADE.
IF WE TRADE LESS WITH EACH OTHER. IF WE BREAK INTO BLOCS. THAT WOULD TAKE AWAY $1.5
TRILLION FROM THE WORLD YEAR AFTER YEAR. >> DO YOU CONSIDER FIGHTING DEGLOBALIZATION AS YOUR NUMBER
ONE PRIORITY? >> I DO CONSIDER MAKING THE CASE FOR AN INTEGRATED ECONOMY OUR MAIN PRIORITY TODAY, BUT LET ME
BE VERY FAIR TO YOUR QUESTION. GLOBALIZATION AS WE HAVE BUILT IT OVER THE LAST THREE DECADES WASN'T PERFECT, AND WE WERE SLOW
TO ADMIT THAT THERE WERE WINNERS, BUT THERE WERE ALSO LOSERS. UNLESS WE FIX THAT, UNLESS WE
PAY ATTENTION AND WE ARE HONEST, WHO BENEFITS WHO DOESN'T, AND CORRECT IT, GLOBALIZATION WILL HAVE ITS ENEMIES.
>> IS IT A PLUS THAT YOU CAME FROM BEHIND THE IRON CURTAIN? HOW DOES IT HELP YOU? >> I LEARNED THE COST OF BAD
POLICIES, AND HOW DEVASTATING THEY ARE TO ORDINARY PEOPLE, AND HOW YOU CAN CHANGE A COURSE OF THE ECONOMY WITH GOOD POLICIES.
THIS IS WHAT I APPLY TODAY IN MY JOB. >>> THIS PAST WEEK MANHATT DISTRICT ATTORNEY ALVIN BRAGG MADE HEADLINES WHEN IT WAS
REPORTED HE WAS PRESENTING EVIDENCE TO A GRAND JURY OF DONALD TRUMP'S ALLEGED INVOLVEMENT IN HUSH MONEY
PAYMENTS TO PORN STAR STORMY DANIELS. IT WAS THE MOST DRAMATIC NEWS INVOLVING D.A. BRAGG SINCE HE
HALTED ANOTHER GRAND JURY PAT O'BRIEN A YEAR AGO. THAT ONE OF MR. TRUMP'S REAL ESTATE FINANCIAL RECORDS.
BRAGG'S DECISION PROMPTED VETERAN PROSECUTOR MARK POMERANTZ TO RESIGN IN PROTEST. POMERANTZ HAS A REPUTATION FOR
HANDLING COMPLEX FINANCIAL CRIMES, AND HE TOLD US HE DOESN'T UNDERSTAND WHY HIS TEAM WAS STOPPED FROM PROCEEDING.
TONIGHT, YOU'LL HEAR WHAT POMERANTZ DISCOVERED IN HIS INVESTIGATION AND WHY HE STILL THINKS THE D.A. SHOULD PROSECUTE
THE FORMER PRESIDENT ON WHAT HE SAYS IS A VERY SIGNIFICANT CASE OF FINANCIAL FRAUD. >> TAKE THE EXACT SAME CONDUCT
AND MAKE IT NOT ABOUT DONALD TRUMP AND NOT ABOUT A FORMER PRESIDENT OF THE UNITED STATES, WOULD THE CASE HAVE BEEN
INDICTED? IT WOULD HAVE BEEN INDICTED IN A FLAT SECOND. >> YOU SAID IN YOUR RESIGNATION
LETTER THAT BRAGG'S DECISION AMOUNTED TO A GRAVE FAILURE OF JUSTICE. >> YEAH.
>> DO YOU STILL BELIEVE THAT? >> I STILL BELIEVE IT. >> DON'T PROSECUTORS OFTEN DISAGREE WITH DECISIONS MADE BY
THEIR BOSSES? I MEAN, WHAT MAKES THIS DIFFERENT? >> GIVEN ALL THE EVIDENCE THAT
WE HAD, AND THAT NOBODY SAID, HEY, THE GUY'S NOT GUILTY. >> NOBODY SAID THAT. >> NOBODY EVER SAID THAT.
>> MARK POMERANTZ, WHO SPENT ONE YEAR EXAMINING THE FORMER PRESIDENT'S ANNUAL FINANCIAL STATEMENTS AND ACCOUNTING
DOCUMENTS FROM 2011 TO 2020 SAID EVERYONE ON HIS TEAM CONCLUDED DONALD TRUMP LIED ABOUT HIS ASSETS TO APPEAR WEALTHIER THAN
HE WAS TO OBTAIN LOANS TO GROW HIS EMPIRE. HE USED THE MONEY TO BUY THE DORAL HOTEL IN MIAMI, REFINANCE
THE TRUMP INTERNATIONAL HOTEL AND TOWER IN CHICAGO, AND TO RENOVATE THE OLD POST OFFICE PROPERTY IN WASHINGTON, D.C.
>> WHAT THE INVESTIGATION DETERMINED WAS THAT THE FINANCIAL STATEMENTS THAT WERE SUBMITTED TO BANKS FOR THOSE
YEARS WERE OVER STATED IN EACH CASE BY LITERALLY BILLIONS OF DOLLARS. >> BILLIONS?
>> BILLIONS OF DOLLARS. >> HOW WAS HIS BUSINESS EMPIRE DEPENDENT ON OR INFLUENCED BY THESE FALSE STATEMENTS?
>> THE FINANCIAL STATEMENTS THAT HE PREPARED WERE GIVEN TO THE BANKS AND HAD TO BE GIVEN TO THE BANKS IN ORDER TO GET THE LOANS
THAT HE GOT. SO HE GOT HUNDREDS OF MILLIONS OF DOLLARS OF BANK FINANCING IN CONNECTION WITH MANY OF HIS
PROPERTIES. >> SOUNDS LIKE YOU'RE SAYING THAT HIS EMPIRE'S BUILT ON LIES? >> HIS EMPIRE WAS BUILT ON LIES.
I AM SAYING THAT. >> Reporter: POMERANTZ SAYS THE INVESTIGATION FOUN DONALD TRUMP DRAMATICALLY INFLATED THE VALUES
OF HIS MARQUEE PROPERTIES. MAR-A-LAGO, 40 WALL STREET, 7 SPRINGS IN KEFTWEST CHESTOR COU NEW YORK AND GOLF COURSE, IN
ORDER TO BOLSTER HIS NET WORTH. >> WHAT YOU GET OUT OF IT WAS A NET WORTH TRUMP COULD ANNOUNCE TO THE WORLD WAS A NET WORTH HE
WANTED TO ANNOUNCE. >> THE TOTAL IS $8,737,540,000. NOW, I'M NOT DOING THAT -- I'M NOT GOING THAT TO BRAG, BECAUSE
YOU KNOW WHAT? I DON'T HAVE TO BRAG. I DON'T HAVE TO. FWLEEFB
BELIEVE IT OR NOT. >> Reporter: DONALD TRUMP BRAGGED OF HIS WEALTH ANNOUNCING HIS PRESIDENTIAL CAMPAIGN.
HIS FINANCIAL STATEMENTS ARE AT THE HEART OF A SEPARATE BUT SIMILAR FRAUD CASE PENDING AGAINST DONUT AND OTHERS.
>> THE EXPLAIN DEMONSTRATES DONALD TRUMP FALSELY INFLATED HIS NET WORTH BY BILLIONS OF DOLLARS.
>> Reporter: DONALD TRUMP HAS CALLED THE ATTORNEY GENERAL'S CASE A POLITICALLY-DRIVEN WITCH-HUNT AND DENIED
WRONGDOING. PARTLY, HE SAYS, BECAUSE HE PAID OFF THE LOANS. >> THAT DOESN'T MEAN THE BANKS
ARE OKAY WITH FALSE FINANCIAL STATEMENTS. >> HE PAID OFF THE LOANS. WHAT'S THE CRIME?
>> THE LAW IS CRYSTAL CLEAR THAT YOU DON'T HAVE TO PROVE THAT A LOAN WASN'T REPAID OR THAT A BANK LOST MONEY.
IT'S STILL A CRIME TO LIE TO A BANK TO GET A LOAN. >> Reporter: POMERANTZ HAS WRITTEN A BOOK "PEOPLE vs.
DONALD TRUMP" PUBLISHED BY OUR PARENT COMPANY, AND HE CAME OUT OF RETIREMENT TO JOIN THEN SERIA VANCE
CYRIL VANCE'S INVESTIGATION AND FORMER ATTORNEY INTERVIEWED MICHAEL COHEN. >> NOTHING BUT THE TRUTH SO HELP
YOU GOD. >> I DO. >> >> Reporter: WHO TESTIFIED BEFORE CONGRESS IN 2019 ABOUT
DONALD TRUMP'S FINANCIAL PRACTICES. >> TO YOUR KNOWLEDGE DID THE PRESIDENT OR HIS COMPANY EVER
INFLATE ASSETS OR REVENUES? >> YES. >> AND WAS THAT DONE WITH THE PRESIDENT'S KNOWLEDGE OR
DIRECTION? >> EVERYTHING WAS DONE WITH THE KNOWLEDGE AND AT THE DIRECTION OF MR. TRUMP.
>> AND WHAT HE TOLD US IN A NUTSHELL WAS THAT HE HAD BEEN IN THE ROOM WITH TRUMP AND WITH ALLEN WEISSELBERG, WHO WAS THE
CFO OF THE TRUMP ORGANIZATION, AND THE CONVERSATION INVOLVED DONALD TRUMP SAYING, MY NET WORTH NEEDS TO BE X.
AND SO YOU START WITH A NET WORTH TARGET, REVERSE ENGINEERING? >> RE VERSE ENGINEERING SO THAT
YOU COME BACK AND SAY, OKAY, BOSS. WE'VE DONE YOUR FINANCIAL STATEMENT, AND IT SHOWS $5
BILLION. >> THEN YOU GUYS GO OUT AND FIGURE OUT HOW TO ADD UP MY ASSETS TO REACH THIS FALSE
NUMBER? >> CORRECT. AND IT WAS EASIER TO BUMP UP CERTAIN ASSETS THAN OTHER
ASSETS. SEVEN SPRINGS, MAR-A-LAGO, THE TRIPLEX, RESIDENCES. EACH OF WHICH, BY THE WAY, HE
CLAIMED TO HAVE A VALUE IN -- THAT WAS MORE THAN ANYBODY HAD EVER BOUGHT OR SOLD A PRIVATE RESIDENCE FOR IN THE HISTORY OF
THE UNITED STATES EVER. >> EVER? >> CORRECT. >> BUT YOU'VE TOLD US, I MEAN,
HE ADMITTED, COHEN'S A CONVICTED PERJURER. >> THAT'S RIGHT. >> SO HOW FAR CAN HIS TESTIMONY
GO? >> AND THAT'S WHY IT WAS SO IMPORTANT FOR US TO GO TO THE ACCOUNTING DOCUMENTS.
HOW DO YOU KNOW HE'S TELLING THE TRUTH? YOU KNOW IT BECAUSE YOU SEE IT IN THE DOCUMENTS.
>> Reporter: HE'S TALKING ABOUT DONALD TRUMP'S ACCOUNTING DOCUMENTS USED TO CALCULATE THE VALUE OF THE FORMER PRESIDENT'S
REAL ESTATE. SOME OF WHICH MARK POMERANTZ SHARED WITH US. HE RELEASED THEM AFTER THEY WERE
MADE PUBLIC IN LETITIA JAMES' LAWSUIT. ATTORNEY POMERANTZ SAID HE DID NOT SHARE GRAND JURY MATERIAL
WITH US. >> HE SAID WENT ON FOR YOUEARS. WHAT WAS THE PATTERN? >> TABLETICES VARIED FROM
PROPERTY TO PROPERTY TO PROPERTY. WHAT THEY HAD IN COMMON WAS THAT THEY WERE DISHONEST.
>> Reporter: THE ACCOUNTING SPREAD SHEET VALUED MAR-A-LAGO AT $739 MILLIO IN 2018. BUT ATTORNEY GENERAL JAMES
CONCLUDED IT WAS ONLY WORTH ABOUT $75 MILLION OPALMOST TEN TILES LESS. IN PART BECAUSE HE HAD GIVEN
AWAY THE RESIDENTIAL DEVELOPMENT RIGHTS FOR A TAX DEDUCTION. IN WESTCHESTER, NEW YORK, TRUMP'S FINANCIAL DOCUMENTS
VALUE DEVELOPMENT RIGHTS FOR HIS SEVEN SPRINGS PROPERTY AT $161 MILLION IN 2014. BUT POM- POMERANTZ OWN DEVELOP
ERG VALUED IT MUCH LESS. DONALD TRUMP PURCHASED HIS GOLF COURSE IN JUPITER, FLORIDA, FOR $5 MILLION IN 2012, SEVEN MONTHS
LATER ON HIS FINANCIAL DOCUMETS VALUED IT AT $62 MILLION. THEN FILED A LAWSUIT CLAIMING HIS TAXES WERE TOO HIGH.
>> HE NOT ONLY VALUES IT AT 12 TIMES WHAT HE PAID FOR, IN HIS FINANCIAL STATEMENT, BUT THEN HE SUES THE TAX ASSESSOR SAYING,
YOU HAD TO KNOW THIS COULDN'T BE WORTH MORE THAN 5, BECAUSE THAT'S WHAT I PAID FOR IT IN AN ARM'S LENGTH TRANSACTION.
>> SO WHAT TIES DONALD TRUMP DIRECTLY TO THIS? YOU KNOW, COULDN'T HE SAY MY ACCOUNTANT SAID IT'S WORTH THIS.
I SIGNED IT. >> THERE WERE MANY BITS AND PIECES OF EVIDENCE ON WHICH WE COULD RELY IN MAKING THAT CASE.
>> Reporter: ONE OF THOSE PIECES POMERANTZ SHOWED US PART OF A DEUTSCHE BANK LOAN SHOWING TRUMP PERSONALLY VERIFIED HIS
STATEMENTS ARE ACCURATE. >> HE WARRANTS THAT THE FINANCIAL STATEMENTS ARE TRUE AND CORRECT IN ALL MATERIAL,
RESPECTS, FINALLY, OF COURSE, ON THE GUARANTEES IS HIS SHARPEE SIGNIFICANT DONALD J. TRUMP. >> Reporter: IN 2015 AND 2016
ACCOUNTING DOCUMENTS, DONALD TRUMP LISTED HIS FIFTH AVENUE CONDOMINIUM AT 30,000 SQUARE FEET.
>> BUT IT WASN'T 30,000 SQUARE FEET. IT WAS 11,000 SQUARE FEET. THAT'S A HUGE DISCREPANCY.
A HUGE VARIATION. >> AND POMERANTZ SHOWED US BACK IN 1994, DONALD TRUMP SIGNED CONDOMINIUM PAPERWORK
ACKNOWLEDGING THE APARTMENT'S ACTUAL SQUARE FOOTAGE. TRULY IT SAYS RIGHT HERE, THAT THE SIZE OF THE APARTMENT IS 10
ZSHS 10,996 FEET WITH HIS SIGNATURE RIGHT HERE. >> YEAH.
FOR THE APARTMENT THAT HE LIVES IN, AND BUILT. >> Reporter: IN A STATEMENT TO "60 MINUTES," A LAWYER FOR
FORMER PRESIDENT TRUMP, JOE TACOPINA, SAYS POMERANTZ IS FALSELY ACCUING TRUMP TO SELL A BOOK.
PERSUADED THE FORMER DISTRICT ATTORNEY TO PROVIDE THE EVIDENCE TO A GRAND JURY SEEK AN INDICTMENT AGAINST DONALD TRUMP.
>> TOO OFTEN THERE ARE TWO STANDARDS OF JUSTICE. ONE FOR THE RICH AND POWERFUL AND CONNECTED AND ANOTHER FOR
EVERYONE ELSE. I'M ALVIN BRAGG AND I'M RUNNING FOR MANHATTAN DISTRICT ATTORNEY TO CHANGE THAT.
>> Reporter: IN JANUARY OF 2022, ALVIN BRAGG, WHO CAMPAIGNED ON A PROMISE TO HOLD POWERFUL NEW YORKERS ACCOUNTABLE, WAS SWORN
IN AS THE NEW MANHATTAN DISTRICT ATTORNEY. >> I, ALVIN LEONARD BRAGG JR. >> Reporter: ACCORDING TO
POMERANTZ, THE NEXT MONTH STOPPED HIS TEAM FROM SEEKING AN INDICTMENT OF MR. TRUMP. >> WHAT DID HE WANT YOU TO DO?
SLOW DOWN? DID HE EVER SAY THAT? >> HE DID NOT SAY TO SLOW DOWN. HE NEVER SAID, I DON'T WANT TO
BE RUSHED. THERE'S NOT ENOUGH TIME. I NEED MORE TIME TO STUDY THE FACTS.
JUST, OKAY. YOU NEED A DECISION. YOU'LL GET A DECISION. AND THE DECISION WAS, NO.
YOU'RE NOT GOING FORWARD. >> Reporter: POMERANTZ AND THE OFFICE'S GENERAL COUNSEL CAREY DUNNE PROMPTLY RESIGNED.
BRAGG REPORTEDLY HAD CONCERNS ABOUT THE STRENGTH OF THE CASE. >> WE DECIDED NOT TO BRING ANY CHARGES AT THAT TIME, SO THAT WE
COULD CONTINUE OUR INVESTIGATION WHICH IS WHAT WE'RE DOING. >> Reporter: IN DECEMBER D.A. BRAGG WON A TAX FRAUD CASE
AGAINST THE TRUMP ORGANIZATION. HE DIDN'T CHARGE THE FORMER PRESIDENT. BUT POMERANTZ SAID THE CASE HE
DEVELOPED AGAINST DONALD TRUMP SHOULD STILL BE LAUNCHED. >> I KNOW YOU HAVE NOT SPOKEN TO ALVIN BRAGG, BUT IF YOU WERE TO
SPEAK TO HIM, WHAT WOULD YOU TELL HIM? >> THIS WAS A RIGHTEOUS CASE. YOU SHOULD BRING IT.
IT'S IMPORTANT. AND IF YOU MADE THE WRONG DECISION, MAKE A BETTER DECISION.
>> Reporter: IN A STATEMENT TO "60 MINUTES" DISTRICT ATTORNEY ALVIN BRAGG SAYS HE AGREED WITH SENIOR PROSECUTORS IN THE OFFICE
WHO BELIEVED THEY NEEDED TO INVESTIGATE FURTHER. THAT, HE WROTE US, IS WHAT HIS OFFICE HAS CONTINUED TO DO WITH
GREAT SKILL AND PROFESSIONALISM.
>>> ROCK BANDS ARE A SENSITIVE INSTRUMENT CREATIVE TENSIONS CLASHING EGOS, TOURING NONE OF IT SCREAMS STABILITY.
ADD DEMONS, DRUGS, AND A BREAKDOWN WAITING TO HAPPEN. THOUSAND EXPLAIN DURABILITY OF THE RED HOT CHILI PEPPERS?
THEY START IN THE THE '80s SWIVELING AMONG GENRES FUNK, PUNK, ROCK, RAP, AN UNDERGROUND L.A. BANDFUL THEY BROKE THROUGH.
40 YEARS ON THEY PERSIST. NOMINATED TONIGHT FOR ANOTHER GRAMMY AND ROCKING IN RELEVANCE FOR FAR FARTHER THAN ANYONE
WOULD HAVE PREDICTED. NOT LEAST, THEMSELVES. ♪ >> THE RED HOT CHILI PEPPERS
WARNED US. THE STAGE IS NO PLACE FOR BOUNDARIES. ALL INTENSITY AND IMPROVIZATION
AND HAPPY CHAOS, MUCH A BAND FOR THE EYE AS FOR THE EAR. ♪ >> WE SAW THEM IN NASHVILLE AND
AT THE AUSTIN CITY LIMITS FESTIVAL. ♪ >> THE LAST STOP OF THEIR MOST
SUCCESSFUL YEAR OF TOURING EVER. WORTH OF $200 MILLION GROWTH. ♪ AS REMARKABLE FACT AS IT IS, A
FOUNDING MEMBER WAS CELEBRATING A MILESTONE. A 60th ONE. >> HAPPY BIRTHDAY.
>> THANK YOU SO MUCH. >> GO OUT, 80,000 PEOPLE THAT ARE GOING TO KNOW EVERY WORD. >> YEAH.
>> CAN YOU WRAP YOUR BRAIN AROUND THAT AFTER ALL THESE YEARS? >> I FEEL LIKE THE PHENOMENON OF
OUR BAND AND THE THING I DO. I DO FIND KIND OF INEXPLICABLE EVERY TIME WE MAKE A NEW RECORD GO OUT DO A TOUR AND I LOOK OUT
INTO THE AUDIENCE FAR AS I CAN SEE ARE, ACNE-FACED TEENAGERS LOSING THEIR [ BLEEP ] MINDS. ♪
>> THAT'S MICHAEL BALZARY KNOWN UNIVERSALLY AS FLEA WHO PLAYS BASS IN THE QUARTET. ♪
THAT INCLUDES DRUMMER CHAD SMITH, AGE 61. GUITARIST JOHN FRUSCIANTE 52 AND LEAD SINGER ANTHONY KIEDIS, 60,
BORN WITHIN A FEW WEEKS OF FLEA. >> EVERYBODY GOOD? >> ALL RIGHT. >> IN L.A. WE MET THEM ON THE
ROXY ON THE SUNSET STRIP ONE OF THEIR EARLY HAUNTS AND JUST AS THEY CONNECT WITH AUDIENCES THEY CONNECT WITH EACH OTHER.
>> THE WAY JAZZ PLAYERS PLAY AND THE WAY BASKETBALL PLAYERS PLAY, JUST LIKE TELEPATHICALLY UNDERSTANDING WHEN TO GO AND
WHEN TO MOVE AND WHEN TO DO WHAT. WE'RE ALL SUPPORTING EACH OTHER AT THE SAME TIME.
IT'S EVERYBODY HAS DIFFERENT WAYS OF DOING THAT. YOU KNOW? >> I SEE THE BASS AS LEAD
INSTRUMENT THE WHOLE TIME. FLEA DOESN'T SEE IT THAT WAY. >> YOU SEE HIM AS THE LEAD INSTRUMENT?
>> OH, YEAH. YEAH. EACH SONG A BASS SOLO. THERE TO SUPPORT IT.
♪ >> TO UNDERSTAND THEIR ENDURING APPEAL START BY LISTENING TO THEIR FOUR DECADE LONG LIST OF
BANGERS THAT CUT A RIDICULOUSLY WIDE MUSICAL SLOT. ♪ >> BUT THAT'S ONLY A PARTIAL
EXPLANATION. IT'S ALSO THE TORRENTIAL TALENT. ♪ WILDLY CONSIDERED RANKING AMONG
THE GREATEST GUITAR PLAYERS, FRUSCIANTE. AND CHAT SMITH ONE OF TODAY'S GREAT DRUMMERS.
FLEA'S NAME SYNONYMOUS WITH VIRTUALITY. THIS MIGHT BE A BAND SUPERPOWER, THERE'S NO CLEAR RINGLEADER.
♪ >> WHAT DO YOU CALL YOURSELF? >> I DON'T CALL MYSELF ANYTHING, REALLY.
I CALL MYSELF A BAND MEMBER. >> ALL RIGHT. >> ON A GOOD DAY, MUSICIAN, SONGWRITER.
>> FRONT MAN? >> THREE FRONTMEN, THE RED HOT CHILI PEPPERS, ALWAYS HAVE. WE HAVE A FRONT MAN IN THE BACK.
MR. CHAD SMITH. ♪ >> I'M REALLY STRUCK BY THE PHYSICALITY OF WHAT YOU'RE
DOING. >> WE VALUE SO MUCH THE ABILITY TO GO ROCK OUT ONSTAGE FOR TWO HOURS.
NOBODY WANTS TO LOSE THAT. ♪ >> SO WHAT HAPPENS TO YOU ONSTAGE?
DESCRIBE IT FROM YOUR PERSPECTIVE. >> IT'S A SACRED TIME FOR ME. ♪
SO WHEN I GET ONSTAGE, LIKE, NO MATTER WHAT I'M GOING TO GIVE EVERYTHING I CAN. I WANT TO ARTICULATE ALL OF THE
FEELINGS PHYSICALLY. I WANT TO HONOR GREAT ENTERTAIN ENTERTAINERS THAT CAME BEFORE, FRANK SINATRA, JIMI HENDRIX, JON
COLTRANE. >> YOU SEE YOURSELF ON THIS CONTINUUM? >> I DO AND I THINK HAVING THAT
VISION IS A, A BIG PART OF WHY THE CHILI PEPPERS HAVE MANAGED TO MAINTAIN FOR SO MANY YEARS AND FOR US, AT LEAST TO
OURSELVES, WE STILL FEEL RELEVANT AND VIBRANT. >> STILL BASED IN GREATER LOS ANGELES, IT'S THE CITY THEY LIVE
IN, THE CITY OF ANGELS. THEY'RE NOT JUST FROM THE AREA, BUT OF IT. KIEDIS IS A LOCAL FIXTURE ON HIS
MOTORCYCLE. FLEA, AT LAKER GAMES AND IN HIS RETRO RIDE. >> THIS IS YOUR TOWN.
>> YEAH. LOOK, I'M AN L.A. BOY ALL MY LIFE AND I KNOW THIS TOWN INSIDE OUT, EVERY LITTLE CRACK IN EVERY
SIDEWALK. >> THEIR STORY BEGINS ON THE PAVEMENT OF HOLLYWOOD. NOT PALM-LINED MOVIE STAR
HOLLYWOOD BUT THE SEEDY ONE FROM THE '70s. FLEA SPENT EARLY YEARS IN NEW YORK BEFORE HEADING WEST WITH
HIS MOM. ANTHONY KIEDIS A TRANSPLANT FROM MICHIGAN LIVING WITH THIS FATHER.
NEITHER CRITICALLY HAD BROTHERS. LONG BEFORE THEY WERE BANDMATES KIEDIS AND FLEA WERE BEST MATES AT FAIRFAX HIGH.
>> WHAT WAS THE FRIENDSHIP BORN OF? >> BOTH CAME FROM BROKEN HOMES, ATYPICAL HOMES, NON-CONVENTION'S
HOMES AND REALLY WANTED TO GET IN TROUBLE. HOW MUCH TROUBLE CAN WE GET IN WITHOUT GOING TO JAIL.
>> JUST LITTLE STREET URCHIN PETTY THIEVING RUN AROUND IN THE STREET, TRYING SO HARD. YEARNING SO MUCH TO FIGURE IT
OUT. LIKE, HOW CAN WE MATTER? MY RELATIONSHIP WITH ANTHONY IS A PROFOUND THING FOR ME.
I REMEMBER MOM TELLING ME, MICHAEL, YOU CAME HOME AND YOU SAID, MOM, I MET SOMEBODY THAT I'VE NERVE EVERY BEEN ABLE TO
TALK TO -- LIKE THAT BEFORE. YOU KNOW? LIKE, SOMEONE I CAN REALLY TALK TO, AND THAT I FELT HEARD BY.
>> FLEA AND KIEDIS FOUT KINSHIP WITH TWO OTHER OUTCAST CLASSMATES. HILLEL SLOVAK AND JACK IRONS A
DRUMMER. WORKING ON THEIR MUSICIANSHIP, SHOWS UP IN AN AFTER-SCHOOL SPECIAL.
>> I PROMISE NOT TO BE THE WORD -- >> EVENTUALLY JOINS KIEDIS IN A BAND.
IN BEGINNING WASN'T EVEN SINGING. HE WAS RAPPINGANTS A LOT OF IT HAD TO DO WITH HIP-HOP AND
GRANDMASTER FLASH, LIKE I NEVER SAW MYSELF AS A WILDLY MELODIC PERSON BUT AT THAT MOMENT I WAS LIKE, OH.
YOU CAN JUST TELL A STORY AND BE IN A BAND. YOU DON'T HAVE TO NECESSARILY BE AL GREEN AND BE IN A BAND.
THAT WAS MY TICKET TO THINK, I CAN DO THIS. >> Reporter: THEY CALLED THEMSELVES THE RED HOT CHILI
PEPPERS A NOD TO EARLY 20th CENTURY JAZZ BANDS. WITHIN A YEAR HAD A RECORD CONTRACT.
FROM THE BEGINNING, THEY WENT FULL THROTTLE. ALL GAS, NO BRAKE. >> WE HAD A LOT OF MUSICAL
INFLUENCES FROM HARD CORE BEBOP JAZZ TO CRAZY PROGRESSIVE ROCK TO HIP-HOP, BUT WE ALSO HAD THE THREE STOOGES, ALSO HAD THE MARX
BROTHERS, ALSO HAD RICHARD PRYOR AND RED FOXX. YOU KNOW, COMEDY AND BEING RIDICULOUS.
>> MELD THOSE TOGETHER. >> MELD THEM. >> WHAT DOES THAT LEAVE YOU WITH?
>> A MAKE IT OR BREAK IT BUNCH OF BOYS WILLING TO RISK EVERYTHING TO HAVE FUN IN THE MOMENT.
>> AT THE SAME TIME, THEY'VE ALREADY TAKEN THE WORK SERIOUSLY. ♪
>> HOW DO YOU WRITE AND CONSTRUCT SONGS? HOW DOES THIS WORK? COME IN WITH, I'VE GOT IDEAS.
>> FLEA AND I USED TO DO FACE-OFFS QUITE A BIT. >> WHAT'S A FACE-OFF? >> HE'S IN A SECONDS, GOT A
VERSE. NIECE A CHORUS. OLD DAYS START IT OUT GOING LIKE THAT, GIVE EACH OTHER A DIRTY
LOOK. GO INSIDE THE ROOM. COME IN AND -- EACH GUY PLAYS HIS SECTION FOR THE OTHER GUYS.
>> EITHER GO HOME, THINK OF IT AT HOME OR GO HOME. >> WHAT I LOVE ABOUT THE FACE-OFF?
IT'S AN UNEXPECTED MOMENT OF HUMILITY. THEY PUT THEIR IDEAS ON THE LINE, AND WHATEVER IS THE BEST
FOR THE SONG, NO ONE CARES. >> HOW DO YOU HIT THAT BALANCE BETWEEN COMMITMENT TO THE CRAFT AND ALSO THE RIDICULOUSNESS
YOU'RE PROUD OF? >> JUST ARE ALL OF THOSE THINGS. JUST BEING OURSELVES, DISCIPLINED.
WE WORK HARD. WE'RE SILLY, FUNNY. >> WE'RE ENTERTAINERS. >> WE'RE ENTERTAINERS.
>> LIKE ALL ENTERTAINERS THEY MAINTAIN AT HITTING THINK PEAKS. PRACTICE, STAY IN SHAP CHAD SMITH REPLACED JACK IRONS.
NOW THEY HAVE TECH SPORT AND PHYSICAL TRANNERS, NOT GROUPIES. >> HOW IS YOUR BODY HOLDING UP? >> PRETTY GOOD FOR AND OLD
GENTLEMAN. >> I WANT TO MAKE SURE MY GUYS KNOW THAT HE'S BACK THERE, THE ENGINE IS RUNNING.
LIKE A WELL-TUNED, AND GIVES THEM CONFIDENCE THEY CAN -- LIKE PAINT. THE CANNES THEY GET TO PAINT ON
TOP OF IT. ♪ >> JOHN "48 FRUSCIANTE PLAYS PERPETUALLY AND WARMS UP FOUR
HOURS ON DAYS OF CONCERTS. AND A TRUMPET PLAYER PLAYING BASS. SHOWS US AT HIS MALIBU HOME
STUDIO. >> NOTHING FANCY. WALKING, TWO DIFFERENT FINGERS. ♪
AND THEN THUMPING AND POPPING, THIS SOUND. MAKE THE SOUND THEN, POPPING. ♪
>> I DID THIS SO MUCH AND SO AGGRESSIVELY THAT THIS CALLUS ON MY THUMB WAS SPLIT OPEN. I HAD THIS GASH.
OPEN WOUND IN MY THUMB AND I FIGURED OUT HOW TO FIX IT BY POW ARE SUPER GLUE IN THERE ♪ TELL ME BABY ♪
>> THE BAND ALSO CONFRONTED THE KIND OF PHYSICAL CHALLENGES THAT CANNOT BE SO EASILY HACKED. NOT LEAST SOBRIETY.
HILLEL SLOVAK DIED OF A HEROIN OVERDOSE IN 1988. HIS VENCHTUAL REPLACEMENT INTO HARD DRUGS, HEROIN.
WHO LEFT THE BAND TWICE BEFORE RETURNING. ♪ >> AS FOR ANTHONY KIEDIS, HE
TOLD US HE WORKS AT STAVING OFF HIS VARIOUS ADDICTIONS. CLICHE, SEX, DRUGS AND ROCK 'N' ROLL, HE HIT THAT TRIFECTA LARGE
AND DISCUSSED IN HIS 2004 MEMOIR. >> CULTURAL NORMS. LOOK BACK AT ANTICS AND BEHAVE
FROM THE '70s AND '80s IN PARTICULAR. WOMEN IN PARTICULAR THAT WOULDN'T FLY TODAY.
HOW DO YOU PROCESS THAT? >> WOW. AH -- I FEEL LIKE I WAS WHO I WAS WHEN I WAS THAT PERSON.
I WOULDN'T BLAME IT ON AN ERA OR A CULTURAL LANDSCAPE OR A DIFFERENCE IN THE WAY SOCIETY VIEWS PEOPLE.
IT'S LIKE, IF I DID SOMETHING STUPID THEN IT WOULD BE STUPID TODAY, AND VICE VERSA. HOPEFULLY I'VE MADE AMOUNTS
ALONG THE WAY. ♪ >> THEREIN MAY LIE ANOTHER SECRET TO THE BAND'S LONGEVITY.
JUST AS BAD IS BAD, GOOD IS GOOD. ERA BE DAMNED. THE RED HOT CHILI PEPPERS
EVOLVED WITHOUT CONCESSIONS. NOT JUST PLAYING THEIR INSTRUMENTS BUT STILL ATTACKING THEM.
THEY'VE SURVIVED, TIME SOMETIMES IN SPITE OF THEMSELVES. NO CODA IN EARSHOT, NO END IN SIGHT.
♪
♪ WAITING ON ♪ >> NOT JUST TROTTING OUTSIDE HIT FROM 20, 30 YEARS AGO. A VIBRANT CREATING ENTERPRISE?
>> YEAH. IT TAKES DILIGENCE. IT TAKES SACRIFICE. WE WORK, WE WRITE.
WE NEVER STOP. THIS IS OUR PURPOSE. LIKE, WE'RE HUMBLE. WE'RE STUDENTS.
WE CARE. WE WANT TO GROW. WE WANT TO LEARN. >> NOT EVERY ARTIST FEELS THAT.
>> EVERY GOOD ONE DOES.
>>> WHAT HAPPENS AT HOME WITH THE RED HOT CHILI PEPPERS? A "
>>> "THIS MORNING" OF "60 MINUTES" IS SPONSORED BY -- UNITED HEALTH CARE. GET MEDICARE WITH MORE.
>>> NOW, AN UPDATE ON A STORY FROM OCTOBER. WHAT HAPPENED AT GRIZZLY FLATS INVESTIGATED WHY A WILDFIRE
WIPED OUT A CALIFORNIA HAMLET. WE FOUND EVIDENCE OF MISMANAGEMENT BY THE U.S. FIRE SERVICE, WHICH HAD DONE LITTLE
TO MITIGATE THE FIRE RISK. IT COMPOUNDED THE PROBLEM WITH ITS DECISIONS ONCE THE FIRE APPROACHED.
CANDACE TYLER LOST HER FAMILY RANCH. >> THE FOREST SERVICE THEY DID ALL THEY COULD.
>> YOUR MAPS SAY, WE'RE GOING TO BURN. YOUR MODELS SHOW WE'RE GAWK TO BURN BUT YOU'RE NOT WORRIED
ABOUT IT? OH, YOU DON'T HAVE THE RESOURCES? THAT'S A JOKE.
>> THIS MONTH MEMBERS OF KEEFE DELEGATION WILL MEET WITH THE FOREST SERVICE TO HEAR AN EXPLANATION.
I'M BILL