1
00:00:08,430 --> 00:00:10,449
Previously on "Billions"...

2
00:00:10,450 --> 00:00:12,589
When did it become a crime
to succeed in this country?

3
00:00:12,590 --> 00:00:14,519
Everyone has access to the information.

4
00:00:14,520 --> 00:00:16,429
We just know how to analyze it better.

5
00:00:16,430 --> 00:00:19,519
Suspect trading pattern on
Pepsum Pharmaceuticals.

6
00:00:19,520 --> 00:00:20,609
They had inside information.

7
00:00:20,610 --> 00:00:22,539
You must get pings like that every day.

8
00:00:22,540 --> 00:00:23,559
It's bigger than that.

9
00:00:23,560 --> 00:00:26,529
All three firms have
links to Bobby Axelrod.

10
00:00:26,530 --> 00:00:27,569
This would be a big one.

11
00:00:27,570 --> 00:00:30,639
But a good matador doesn't
try to kill a fresh bull.

12
00:00:30,640 --> 00:00:33,629
You wait until he's been stuck a few times.

13
00:00:33,630 --> 00:00:35,639
Why aren't you prosecuting
the investment banks

14
00:00:35,640 --> 00:00:38,429
and hedge funds for insider trading?

15
00:00:38,430 --> 00:00:40,559
Go ask the 81 convicted
felons of financial crimes

16
00:00:40,560 --> 00:00:41,990
currently serving time.

17
00:00:42,015 --> 00:00:44,469
But you have a very specific
conflict of interest

18
00:00:44,470 --> 00:00:45,450
right in your own home.

19
00:00:45,451 --> 00:00:47,479
Your value to the firm is absolute.

20
00:00:47,480 --> 00:00:49,549
I've been working there since
before we were married

21
00:00:49,550 --> 00:00:51,100
and long before you were in office.

22
00:00:51,101 --> 00:00:52,529
I work for the public good.

23
00:00:52,530 --> 00:00:54,619
No, you work for the good of Chuck Rhoades.

24
00:00:54,620 --> 00:00:56,790
Maybe sometimes they intersect.

25
00:00:56,815 --> 00:00:58,509
You know the Norton place out at the beach?

26
00:00:58,510 --> 00:01:00,629
I just heard Bobby Axelrod
is trying to buy it.

27
00:01:00,630 --> 00:01:02,489
- How much?
- $83 million.

28
00:01:02,490 --> 00:01:04,519
People hate guys who buy things like that.

29
00:01:04,520 --> 00:01:07,409
You said there was only
one thing you were afraid of...

30
00:01:07,410 --> 00:01:09,409
Guys in windbreakers walking in your office

31
00:01:09,410 --> 00:01:11,459
saying, "step away from the computer."

32
00:01:11,460 --> 00:01:13,539
And you told me you'd make
sure it wouldn't happen.

33
00:01:13,540 --> 00:01:14,559
So let me make sure.

34
00:01:14,560 --> 00:01:15,569
Steven Birch?

35
00:01:15,570 --> 00:01:16,579
It's either him or you.

36
00:01:16,580 --> 00:01:17,570
Piedmont Capital.

37
00:01:17,571 --> 00:01:19,296
Yeah.

38
00:01:19,297 --> 00:01:21,489
That swap deal he did
on Arcadian Railroad...

39
00:01:21,490 --> 00:01:23,509
Do an autopsy on the deal,

40
00:01:23,510 --> 00:01:25,540
you'll find yourself a
pulitzer in the carcass.

41
00:01:26,796 --> 00:01:28,620
Front fucking page of The Post.

42
00:01:29,820 --> 00:01:31,459
It's like he's daring you.

43
00:01:31,460 --> 00:01:32,639
There's movement.

44
00:01:32,640 --> 00:01:35,579
It's likely they've opened
a case file on you.

45
00:01:35,580 --> 00:01:37,429
You know what?

46
00:01:37,430 --> 00:01:38,460
I'm ready.

47
00:01:58,510 --> 00:02:01,459
No, Pete, the gold standard
is never coming back.

48
00:02:01,460 --> 00:02:03,439
And if it did, this world
would be so fucked,

49
00:02:03,440 --> 00:02:05,529
I'd buy space travel, not gold.

50
00:02:05,530 --> 00:02:07,439
Nice pitch, though.

51
00:02:07,440 --> 00:02:08,519
If I'd have known it was a gold play,

52
00:02:08,520 --> 00:02:09,579
I'd have never put him through.

53
00:02:09,580 --> 00:02:11,429
Always put that lunatic through.

54
00:02:11,430 --> 00:02:14,499
One out of every 200 ideas
he has is fucking brilliant.

55
00:02:14,500 --> 00:02:16,470
I got this.

56
00:02:20,540 --> 00:02:21,629
Bad idea.

57
00:02:21,630 --> 00:02:24,589
"No man is a hero to his valet."

58
00:02:24,590 --> 00:02:26,459
That goes double for his C.O.O.,

59
00:02:26,460 --> 00:02:28,489
so you are fucked with me either way.

60
00:02:28,490 --> 00:02:30,589
Let's take a car to the
city instead of flying.

61
00:02:30,590 --> 00:02:32,629
What's underneath this?

62
00:02:32,630 --> 00:02:35,579
Look, if the U.S. attorney
is really coming,

63
00:02:35,580 --> 00:02:39,439
maybe it's better if we don't
make you more of a target.

64
00:02:39,440 --> 00:02:42,479
And more important,
Garth Sykes from Flagship.

65
00:02:42,480 --> 00:02:44,569
Hated seeing you on the cover of The Post

66
00:02:44,570 --> 00:02:46,589
with that goddamned oceanfront mansion.

67
00:02:46,590 --> 00:02:48,619
Teachers in that pension
fund make 40 grand a year.

68
00:02:48,620 --> 00:02:50,058
People who have it spend it.

69
00:02:50,059 --> 00:02:51,190
People who don't have it

70
00:02:51,215 --> 00:02:53,325
like billies better who
spend on other folks.

71
00:02:53,326 --> 00:02:54,590
Charity, good works.

72
00:02:54,591 --> 00:02:56,609
I do, I have, and you know it.

73
00:02:56,610 --> 00:02:59,140
Today, they only remember the house.

74
00:02:59,141 --> 00:03:01,439
I have a feeling there'll
be another one of us

75
00:03:01,440 --> 00:03:02,479
on the front pages soon enough,

76
00:03:02,480 --> 00:03:03,549
and they'll forget about that.

77
00:03:03,550 --> 00:03:05,609
But if Flagship does try and withdraw...

78
00:03:05,610 --> 00:03:07,519
We can't let him.

79
00:03:07,520 --> 00:03:10,639
If Flagship pulls its $1.5
billion, it gets public.

80
00:03:10,640 --> 00:03:12,639
Other institutions go, too.

81
00:03:12,640 --> 00:03:14,469
Whole thing could domino.

82
00:03:14,470 --> 00:03:15,639
Get with Sykes, keep them on board.

83
00:03:15,640 --> 00:03:17,509
That's just why I'm telling you

84
00:03:17,510 --> 00:03:18,629
to keep it a little more low-key.

85
00:03:18,630 --> 00:03:20,609
Who's more low-key than me?

86
00:03:45,570 --> 00:03:49,570
So, the key to bagging Axe is...  ?

87
00:03:50,470 --> 00:03:51,609
- Pete Decker.
- Oh.

88
00:03:51,610 --> 00:03:52,590
His fund. Has to be.

89
00:03:52,591 --> 00:03:54,429
We start with Decker

90
00:03:54,430 --> 00:03:55,609
since he had the longest
tenure at Axe Capital

91
00:03:55,610 --> 00:03:58,116
of anyone who left with Axe's backing.

92
00:03:58,117 --> 00:04:00,549
Get me some more of those cold
sesame noodles, would you?

93
00:04:00,550 --> 00:04:02,599
No, these are... these are Dandan noodles.

94
00:04:02,600 --> 00:04:05,078
Same fucking thing.

95
00:04:05,079 --> 00:04:07,439
No. No, one's Szechuan,
the other Taiwanese.

96
00:04:07,440 --> 00:04:08,479
It's a whole thing.

97
00:04:08,480 --> 00:04:10,539
You know, this is why I
don't mind the hours.

98
00:04:10,540 --> 00:04:13,449
I'm always learning something on the job.
It's incredible.

99
00:04:13,450 --> 00:04:14,639
Yeah, tell him about General Tso's, Bryan.

100
00:04:14,640 --> 00:04:16,579
Oh, no, he flings this shit at you, too?

101
00:04:16,580 --> 00:04:18,419
Sprays it all around.

102
00:04:18,420 --> 00:04:19,609
The only place you've ever been is Asia,

103
00:04:19,610 --> 00:04:21,539
you can't help yourself.

104
00:04:21,540 --> 00:04:24,519
Here... indictments on that Ponzi thing.

105
00:04:24,520 --> 00:04:26,489
Tell me about the general, Bryan. Come on.

106
00:04:26,490 --> 00:04:27,549
Well, now you've done it.

107
00:04:29,540 --> 00:04:32,529
General Tso, he was a statesman
in the Ging dynasty.

108
00:04:32,530 --> 00:04:34,449
Suppressed a revolution.

109
00:04:34,450 --> 00:04:36,449
Oh, and now he has the true glory.

110
00:04:36,450 --> 00:04:38,811
A fried chicken dish named
for him the world over, huh?

111
00:04:38,812 --> 00:04:40,459
That was created in America.

112
00:04:40,460 --> 00:04:43,439
Maybe after we nail Axe,
they'll reciprocate...

113
00:04:43,440 --> 00:04:44,639
Name a dish after you in China, huh?

114
00:04:44,640 --> 00:04:47,419
Oh-ho. General Chuck's?

115
00:04:47,420 --> 00:04:48,619
Really, what would that...  
what would that look like,

116
00:04:48,620 --> 00:04:50,529
a burger with the cheese
cooked on the inside?

117
00:04:51,570 --> 00:04:54,579
You really think I could
ever be that richly honored?

118
00:04:54,580 --> 00:04:56,539
Hey, I will make it so.

119
00:04:56,540 --> 00:04:58,509
Not if we're still stuck.

120
00:04:58,510 --> 00:05:02,499
We need to find a way to get
Pete Decker on the hook, right?

121
00:05:02,500 --> 00:05:06,429
Decker hires young, and he
pays at the top of the range.

122
00:05:06,430 --> 00:05:08,479
Now, once these guys get a
taste for that kind of money,

123
00:05:08,480 --> 00:05:09,639
they get desperate to keep it going.

124
00:05:09,640 --> 00:05:12,409
Start tracking all of his
analysts and traders.

125
00:05:12,410 --> 00:05:14,629
Next one makes a mistake,
we're right there.

126
00:05:23,560 --> 00:05:25,519
Nice move.

127
00:05:25,520 --> 00:05:28,449
Just like smoking in the
girls' bathroom at St. Mary's.

128
00:05:28,450 --> 00:05:30,480
You had to be quick, or
you'd be over a nun's knee.

129
00:05:31,550 --> 00:05:33,499
That's a fun picture to have in my head.

130
00:05:33,500 --> 00:05:35,559
Mm. Yeah. They weren't that kind of nun.

131
00:05:35,560 --> 00:05:37,499
They looked like Dick Cheney.

132
00:05:37,500 --> 00:05:39,500
Look at that.

133
00:05:40,560 --> 00:05:43,560
That is such a shitty name
on such a great building.

134
00:05:44,640 --> 00:05:47,609
Oh, don't. Don't focus on that.

135
00:05:47,610 --> 00:05:50,479
Think of all the good that's
going on here tonight.

136
00:05:50,480 --> 00:05:53,479
Can't. It Mars everything.

137
00:05:53,480 --> 00:05:55,439
The name up there should mean something.

138
00:05:55,440 --> 00:05:57,639
Should add... add to the
luster of the place.

139
00:05:57,640 --> 00:05:59,479
Just don't look.

140
00:05:59,480 --> 00:06:01,440
I like the building.

141
00:06:02,550 --> 00:06:03,530
How much?

142
00:06:07,366 --> 00:06:08,530
Good question.

143
00:06:11,327 --> 00:06:13,346
They're about to pass the hat.

144
00:06:13,347 --> 00:06:15,386
Get rid of this for us, will you?

145
00:06:15,387 --> 00:06:16,427
Mm-hmm.

146
00:06:30,347 --> 00:06:31,426
- Bobby!
- Birchy!

147
00:06:31,427 --> 00:06:33,377
Pchoo! Blow it up.

148
00:06:39,984 --> 00:06:41,456
Yeah, baby.

149
00:06:41,457 --> 00:06:43,406
Ohhh.

150
00:06:43,407 --> 00:06:44,436
Oh!

151
00:06:44,437 --> 00:06:46,346
What are you doing to me?

152
00:06:46,347 --> 00:06:48,436
You're making me weak.

153
00:06:56,457 --> 00:06:58,427
Time to power up.

154
00:07:05,067 --> 00:07:06,486
Ohh!

155
00:07:06,487 --> 00:07:08,466
That hits the spot.

156
00:07:08,467 --> 00:07:10,307
Mmm.

157
00:07:14,487 --> 00:07:16,466
Oh, fuck.

158
00:07:16,467 --> 00:07:18,346
It's work.

159
00:07:18,347 --> 00:07:19,386
It's my work ring.

160
00:07:19,387 --> 00:07:20,407
Jesus.

161
00:07:22,507 --> 00:07:24,316
It's Kornbluth.

162
00:07:24,317 --> 00:07:26,366
Thought you left white-collar
crime to cover the election.

163
00:07:26,367 --> 00:07:27,466
That's true,

164
00:07:27,467 --> 00:07:29,496
but I stumbled onto one too
good to give someone else.

165
00:07:29,497 --> 00:07:32,306
Get to it.

166
00:07:32,307 --> 00:07:33,307
What do you know

167
00:07:33,308 --> 00:07:35,396
about Steven Birch and Arcadian Railroad?

168
00:07:35,397 --> 00:07:37,326
What? What do you have?

169
00:07:37,327 --> 00:07:38,436
Birch made a big play in the Railroad...

170
00:07:38,437 --> 00:07:40,496
Captured 43% before good numbers,

171
00:07:40,497 --> 00:07:42,873
and expansion plans were announced

172
00:07:42,874 --> 00:07:44,426
with inside information.

173
00:07:44,427 --> 00:07:45,466
We want to know

174
00:07:45,467 --> 00:07:47,396
where the U.S. attorney
for the Southern district

175
00:07:47,397 --> 00:07:48,847
stands on an investigation.

176
00:07:48,848 --> 00:07:50,416
I'm posting this on the
web in five minutes.

177
00:07:50,417 --> 00:07:51,436
It's already on the desk.

178
00:07:51,437 --> 00:07:52,437
It'd be better

179
00:07:52,438 --> 00:07:54,516
with a comment for you...

180
00:07:54,517 --> 00:07:56,366
But I can't wait.

181
00:07:56,367 --> 00:07:58,416
It's late. That might not be
enough time to get a comment.

182
00:07:58,417 --> 00:08:00,406
I'm posting it. We can't
get beat on this story.

183
00:08:00,407 --> 00:08:02,526
You can't run it without
a motherfucking quote.

184
00:08:05,297 --> 00:08:06,516
Oh, god.

185
00:08:08,347 --> 00:08:09,386
Tara Mohr?

186
00:08:09,387 --> 00:08:11,446
Yeah, you're on speaker.

187
00:08:11,447 --> 00:08:13,527
Financial Journal called for
comment on Steven Birch.

188
00:08:15,357 --> 00:08:16,426
What about him?

189
00:08:16,427 --> 00:08:17,476
They're running a story

190
00:08:17,477 --> 00:08:19,406
that he made illegal trades
on Arcadian Railroad

191
00:08:19,407 --> 00:08:21,407
and that the evidence is incontrovertible.

192
00:08:22,387 --> 00:08:23,506
Stall while we check.

193
00:08:23,507 --> 00:08:25,436
But this sounds like bullshit.

194
00:08:25,437 --> 00:08:26,516
I mean, how could the paper have that

195
00:08:26,517 --> 00:08:28,396
before we do... or the FBI?

196
00:08:28,397 --> 00:08:30,486
You know, I went to school with
a few guys who work for Birch.

197
00:08:30,487 --> 00:08:33,296
- You want me to...
- Yes, right now.

198
00:08:33,297 --> 00:08:36,486
Get Terri McCue over at FBI
up on this, too... now.

199
00:08:36,487 --> 00:08:38,347
Right.

200
00:08:40,447 --> 00:08:43,326
I'm not tolling any bells for you, Bobby.

201
00:08:43,327 --> 00:08:44,416
Sounds a bit like you are.

202
00:08:44,417 --> 00:08:46,396
There's a reason you retained my firm.

203
00:08:46,397 --> 00:08:49,316
Ah, fuck the firm... a bunch
of rich, young lawyers.

204
00:08:49,317 --> 00:08:52,326
There's a reason you retained me... me.

205
00:08:52,327 --> 00:08:54,396
And that is...

206
00:08:54,397 --> 00:08:56,316
I look far enough down the road

207
00:08:56,317 --> 00:08:57,476
to let you avoid the speed traps.

208
00:08:57,477 --> 00:08:59,336
Okay.

209
00:08:59,337 --> 00:09:00,446
What do you see?

210
00:09:00,447 --> 00:09:03,476
U.S. attorney needs to bag you.

211
00:09:03,477 --> 00:09:06,456
Rhoades could bring it
quick or take two years.

212
00:09:06,457 --> 00:09:08,506
- Two years?
- Then it becomes a three-front war...

213
00:09:08,507 --> 00:09:11,336
P.R., redemptions, and the government.

214
00:09:11,337 --> 00:09:14,396
It's not too early to start a
makeover of the firm's culture.

215
00:09:14,397 --> 00:09:15,496
What fucking culture?

216
00:09:15,497 --> 00:09:17,426
Big returns that beat the
street by double digits

217
00:09:17,427 --> 00:09:19,396
year in, year out, making
our investors rich?

218
00:09:19,397 --> 00:09:21,416
- That culture?
- No... the rep.

219
00:09:21,417 --> 00:09:24,406
Smart money... maybe a little too smart.

220
00:09:24,407 --> 00:09:26,436
If they bring an action,

221
00:09:26,437 --> 00:09:29,296
the whole strategy becomes about
leveraging a settlement...

222
00:09:29,297 --> 00:09:31,336
A deferred prosecution
agreement and forfeiture

223
00:09:31,337 --> 00:09:32,426
that lets you keep working.

224
00:09:32,427 --> 00:09:36,336
And the best way to get that is
to act like you'd never settle.

225
00:09:36,337 --> 00:09:37,436
I'd never settle.

226
00:09:37,437 --> 00:09:40,376
That's the public posture, for sure.

227
00:09:40,377 --> 00:09:42,446
I'd never settle.

228
00:09:42,447 --> 00:09:44,386
Yeah.

229
00:09:44,387 --> 00:09:46,466
That's a good delivery. That'll work.

230
00:09:46,467 --> 00:09:49,306
- Thank you! Thank you!
- I'm gonna go find my table.

231
00:09:49,307 --> 00:09:52,316
Thank you. How you doing?

232
00:09:52,317 --> 00:09:54,426
My name is Penn Jillette
of Penn and Teller,

233
00:09:54,427 --> 00:09:57,526
and we're gonna give as
much money as we can.

234
00:09:57,527 --> 00:09:59,446
I will hurt myself,

235
00:09:59,447 --> 00:10:02,306
then you will hurt yourself with money.

236
00:10:02,307 --> 00:10:03,467
Gonna look like this.

237
00:10:12,367 --> 00:10:14,406
Think about how much that hurts

238
00:10:14,407 --> 00:10:16,526
and think about how good you would feel

239
00:10:16,527 --> 00:10:18,426
if you gave a million dollars.

240
00:10:18,427 --> 00:10:20,346
Who's giving a million dollars? Stand up.

241
00:10:20,347 --> 00:10:21,446
Come on! A million dollars!

242
00:10:21,447 --> 00:10:24,387
Starting at a stick. Fuck it.

243
00:10:25,407 --> 00:10:27,386
$1 million!

244
00:10:27,387 --> 00:10:28,487
I'll do it. I'll do it.

245
00:10:31,367 --> 00:10:33,376
Oh! You're a good man!

246
00:10:33,377 --> 00:10:35,447
No better than you.

247
00:10:38,457 --> 00:10:40,486
Wonderful. Wonderful. That's good.

248
00:10:40,487 --> 00:10:42,516
Who are the cheapskates
giving a half a million?

249
00:10:42,517 --> 00:10:43,477
Come on!

250
00:10:43,478 --> 00:10:45,517
Come on. Half a million up there.

251
00:10:47,357 --> 00:10:48,436
Get the fuck up,

252
00:10:48,437 --> 00:10:50,457
or people will think I'm
not paying you enough.

253
00:10:56,367 --> 00:10:57,456
Can I see $250,000?

254
00:10:57,457 --> 00:10:59,516
I'll get everybody standing up eventually.

255
00:10:59,517 --> 00:11:02,396
They will not let Teller go
unless everybody stands up.

256
00:11:02,397 --> 00:11:05,316
- How about $250,000 over here?
- _.

257
00:11:05,317 --> 00:11:06,466
Holy shit.

258
00:11:06,467 --> 00:11:09,356
Financial Journal just pasted Birch.

259
00:11:13,377 --> 00:11:15,336
100 grand... stand up.

260
00:11:27,387 --> 00:11:28,456
Anybody else?

261
00:11:28,457 --> 00:11:31,326
Anybody making $50,000? How about $25,000?

262
00:11:31,327 --> 00:11:33,467
He's gonna want that million back.

263
00:11:38,477 --> 00:11:41,457
Everybody should be
standing up at this point!

264
00:11:54,249 --> 00:11:56,386
Hey. You need a minute before we...

265
00:11:56,387 --> 00:11:57,396
For what?

266
00:11:57,397 --> 00:11:59,386
Pump-up sesh for the morning meeting,

267
00:11:59,387 --> 00:12:00,526
like every week.

268
00:12:00,527 --> 00:12:02,416
Not happening.

269
00:12:02,417 --> 00:12:05,456
Oh, what the fuck, Wend? I count on it.

270
00:12:05,457 --> 00:12:07,416
It's how I get in there and
deal with those animals.

271
00:12:07,417 --> 00:12:09,496
Canceled until further notice.

272
00:12:09,497 --> 00:12:12,336
You don't need it... not anymore.

273
00:12:12,337 --> 00:12:14,376
You're the best P.M. on the floor.

274
00:12:14,377 --> 00:12:16,296
You know it.

275
00:12:16,297 --> 00:12:17,376
They're fucking sure of it.

276
00:12:17,377 --> 00:12:19,456
Those animals are used to
you putting them down now.

277
00:12:19,457 --> 00:12:21,486
Hardly even whimper as it happens.

278
00:12:21,487 --> 00:12:24,416
Our sesh, while fun, is
a waste of your time.

279
00:12:24,417 --> 00:12:25,526
And mine.

280
00:12:25,527 --> 00:12:27,307
Go get 'em!

281
00:12:28,447 --> 00:12:30,397
Fuckin' A.

282
00:12:34,487 --> 00:12:36,527
You just did it, didn't you?

283
00:12:41,397 --> 00:12:42,466
All right.

284
00:12:42,467 --> 00:12:44,306
3 feet apart, all right?

285
00:12:44,307 --> 00:12:45,386
Tres, all right?

286
00:12:45,387 --> 00:12:48,346
And mucha agua en la mañana.

287
00:12:48,347 --> 00:12:50,396
Can you tell him no food and
lots of water in the morning?

288
00:12:50,397 --> 00:12:52,356
- He knows.
- Does he? Yeah?

289
00:12:52,357 --> 00:12:54,426
'Cause I don't feel like I'm
getting much back from him.

290
00:12:54,427 --> 00:12:56,346
I know you get it.

291
00:12:56,347 --> 00:12:58,316
You know Lu wants to do
zucchini flowers on special

292
00:12:58,317 --> 00:12:59,356
now that the frost is gone,

293
00:12:59,357 --> 00:13:00,526
so let's be ready when they come in.

294
00:13:00,527 --> 00:13:02,356
You got it, boss.

295
00:13:02,357 --> 00:13:03,436
All right, ladies and gentlemen.

296
00:13:03,437 --> 00:13:05,426
We are up 32% year-to-date,

297
00:13:05,427 --> 00:13:08,376
and we are open to all moneymaking ideas.

298
00:13:08,377 --> 00:13:12,416
Longs, shorts, sells, covers...  
all Alpha welcome.

299
00:13:12,417 --> 00:13:16,316
The choppy waters out there
are perfect... for us.

300
00:13:16,317 --> 00:13:19,346
For the average investor, hell no.

301
00:13:19,347 --> 00:13:22,516
But never forget... what's
bad for him is good for us.

302
00:13:22,517 --> 00:13:26,517
If... if we're as smart as we think we are.

303
00:13:27,387 --> 00:13:31,296
If not, the heat'll melt us
like an almond joy in The Sun.

304
00:13:32,298 --> 00:13:34,526
So, are you smart enough?

305
00:13:34,527 --> 00:13:36,406
Some of us fuckin' are.

306
00:13:38,397 --> 00:13:39,397
How about you, Pouch?

307
00:13:40,457 --> 00:13:42,476
How am I supposed to answer that?

308
00:13:42,477 --> 00:13:44,356
You already have.

309
00:13:44,357 --> 00:13:45,506
Sadly.

310
00:13:45,507 --> 00:13:47,516
What happened on Eureka Trans-ship?

311
00:13:47,517 --> 00:13:49,701
You knew they were gonna
whiff their numbers.

312
00:13:49,702 --> 00:13:51,139
Why didn't you bang the short harder?

313
00:13:51,140 --> 00:13:52,516
You left 5 fucking percent on the table.

314
00:13:52,517 --> 00:13:55,526
I thought they were gonna
whiff, but I didn't know.

315
00:13:55,527 --> 00:13:59,306
You are such a pussy on the short side.

316
00:13:59,307 --> 00:14:01,396
Go home and
get your fuckin' shinebox.

317
00:14:01,397 --> 00:14:02,406
Insulted him a little bit.

318
00:14:02,407 --> 00:14:03,446
Yeah, a little bit.

319
00:14:03,447 --> 00:14:05,306
Axe, you saw my position.

320
00:14:05,307 --> 00:14:06,386
You could have upped him.

321
00:14:06,387 --> 00:14:07,506
That's what I'm paying you for.

322
00:14:07,507 --> 00:14:10,326
You see an opportunity like
that again, you grab it

323
00:14:10,327 --> 00:14:12,386
like it's a horse cock and
you're Catherine the Great.

324
00:14:13,477 --> 00:14:15,366
Okay, okay.

325
00:14:15,367 --> 00:14:19,386
Saldana, why are we still
tied up in those hospitals?

326
00:14:19,387 --> 00:14:20,476
Baby boomers.

327
00:14:20,477 --> 00:14:22,476
They're getting old, so
they're getting sick.

328
00:14:22,477 --> 00:14:24,406
When the group reports patient volumes,

329
00:14:24,407 --> 00:14:26,366
it's gonna overshoot street expectations.

330
00:14:26,367 --> 00:14:28,366
We're talking 10% move.

331
00:14:28,367 --> 00:14:30,456
That incremental revenue will
drop right to the bottom line,

332
00:14:30,457 --> 00:14:33,476
and the stock's gonna pop
like a prom queen's cherry.

333
00:14:34,468 --> 00:14:36,456
Good fucking answer.

334
00:14:36,457 --> 00:14:38,376
It really is. God damn it.

335
00:14:38,377 --> 00:14:40,336
Okay, new-idea time.

336
00:14:42,357 --> 00:14:44,427
Donnie Caan, what do you have for us?

337
00:14:45,527 --> 00:14:49,456
I think Apple still has room to move north.

338
00:14:49,457 --> 00:14:51,377
Really?

339
00:14:52,377 --> 00:14:55,336
Our investors pay us a 3% management fee

340
00:14:55,337 --> 00:14:56,526
and 30% of their profits,

341
00:14:56,527 --> 00:15:00,297
and you want me to tell them
we're buying some fucking Apple?

342
00:15:01,357 --> 00:15:02,396
Sorry, Axe.

343
00:15:02,397 --> 00:15:06,356
I-I guess I'm just not
seeing the matrix right now.

344
00:15:06,357 --> 00:15:08,336
That's a little unsettling, Donnie...

345
00:15:08,337 --> 00:15:10,486
Since seeing the matrix is
your entire fucking job.

346
00:15:10,487 --> 00:15:12,296
It's kind of like if you were a hurdler

347
00:15:12,297 --> 00:15:14,416
and instead of jumping over
the fucking hurdles...

348
00:15:14,417 --> 00:15:16,396
It's okay, Donnie.

349
00:15:16,397 --> 00:15:17,456
You'll see it again.

350
00:15:17,457 --> 00:15:18,496
Hang in.

351
00:15:18,497 --> 00:15:21,416
Okay, guys?

352
00:15:21,417 --> 00:15:23,396
Let's go out there, bring
some meat back to camp.

353
00:15:23,397 --> 00:15:24,516
Or some nuts.

354
00:15:24,517 --> 00:15:26,396
Hunt or gather.

355
00:15:30,297 --> 00:15:32,427
I'm sorry. I tried to give
you the heads-up, but...

356
00:15:36,100 --> 00:15:38,331
Phones down.

357
00:15:38,332 --> 00:15:40,381
We're S.E.C. Compliance.

358
00:15:40,382 --> 00:15:42,381
I need all portfolio managers and analysts

359
00:15:42,382 --> 00:15:44,311
to return to their desks.

360
00:15:44,312 --> 00:15:46,231
Traders, stay here.

361
00:15:46,232 --> 00:15:48,381
Case officers will meet each pod

362
00:15:48,382 --> 00:15:51,442
and expect full cooperation.

363
00:15:54,302 --> 00:15:57,422
Better answer their questions. Cooperate.

364
00:15:59,222 --> 00:16:00,381
This group of energy trades...

365
00:16:00,382 --> 00:16:02,391
I'd like you to supply the
research behind them.

366
00:16:02,392 --> 00:16:05,251
I was tasked, so I supplied it.

367
00:16:05,252 --> 00:16:07,311
Right, but going through
your reports, I see gaps.

368
00:16:07,312 --> 00:16:10,391
Like this boardwalk pipeline move...  
what supported it?

369
00:16:10,392 --> 00:16:12,352
It was an event-driven strategy.

370
00:16:15,222 --> 00:16:16,411
Okay, it was based on an unsolicited tip.

371
00:16:16,412 --> 00:16:19,321
The trade was near 100,000 shares.

372
00:16:19,322 --> 00:16:23,322
Close to a $2.5 million
position based on a rumor.

373
00:16:24,232 --> 00:16:26,231
It seemed...

374
00:16:26,232 --> 00:16:28,271
Solid.

375
00:16:28,272 --> 00:16:30,431
Looking at tele-comm... this Verizon trade?

376
00:16:30,432 --> 00:16:33,331
It's part of an event-driven macroplay.

377
00:16:33,332 --> 00:16:34,412
Bullshit.

378
00:16:36,312 --> 00:16:37,391
All right, I got a tip.

379
00:16:37,392 --> 00:16:39,351
And the pharmaceutical trades?

380
00:16:39,352 --> 00:16:40,431
That was phone-a-tip.

381
00:16:40,432 --> 00:16:43,361
Incoming tip. What am I, a fucking schmuck?

382
00:16:43,362 --> 00:16:44,441
Of course I'm gonna listen.

383
00:16:44,442 --> 00:16:47,381
That was a prom-night promise.

384
00:16:47,382 --> 00:16:49,281
And that means...  ?

385
00:16:49,282 --> 00:16:50,412
"Just the tip."

386
00:16:51,402 --> 00:16:54,251
So, this is your entire
book and trading history

387
00:16:54,252 --> 00:16:55,361
for the past three months?

388
00:16:55,362 --> 00:16:57,221
That's right.

389
00:16:57,222 --> 00:16:58,231
Wow.

390
00:16:58,232 --> 00:16:59,361
Bit of a rough patch, huh?

391
00:16:59,362 --> 00:17:02,331
Seriously?

392
00:17:02,332 --> 00:17:04,441
I need to see your trades
for the past 90 days.

393
00:17:04,442 --> 00:17:06,401
Unless you got a Wells
notice with my name on it,

394
00:17:06,402 --> 00:17:08,241
you're not gonna see jack shit.

395
00:17:08,242 --> 00:17:10,251
Come on, we can pull it all
down from the server anyway,

396
00:17:10,252 --> 00:17:11,361
so you may as well cooperate.

397
00:17:11,362 --> 00:17:13,331
Mm. Good point.

398
00:17:13,332 --> 00:17:14,322
Lawyer.

399
00:17:14,323 --> 00:17:16,281
Your boss said you should cooperate.

400
00:17:16,282 --> 00:17:18,271
Oh. Lawyer.

401
00:17:18,272 --> 00:17:19,402
Just answer the question.

402
00:17:20,402 --> 00:17:22,321
You answer me one.

403
00:17:22,322 --> 00:17:24,261
How much do you make?

404
00:17:27,212 --> 00:17:30,271
I'm gonna need access to your
files, paper, and computer.

405
00:17:30,272 --> 00:17:31,321
For what?

406
00:17:31,322 --> 00:17:33,261
I'm authorized to check
that all trades comply...

407
00:17:33,262 --> 00:17:34,291
I'm not a trader.

408
00:17:34,292 --> 00:17:36,381
Whatever you call yourself,
after I review...

409
00:17:36,382 --> 00:17:39,341
My files are confidential.
You're not seeing them.

410
00:17:39,342 --> 00:17:41,371
You can call the Attorney
General if you want,

411
00:17:41,372 --> 00:17:43,371
and tell her I say "hi" if you do.

412
00:17:43,372 --> 00:17:45,241
We had dinner last month.

413
00:17:45,242 --> 00:17:47,291
Otherwise, fuck off.

414
00:17:58,212 --> 00:18:00,371
Enough. Okay? Enough.

415
00:18:02,442 --> 00:18:05,261
I hope you enjoyed the
lifeboat drill this morning.

416
00:18:05,262 --> 00:18:06,381
Are you kidding me?

417
00:18:06,382 --> 00:18:08,301
We did not do well.

418
00:18:08,302 --> 00:18:11,211
In fact, we sank.

419
00:18:11,212 --> 00:18:14,231
If it were a real S.E.C. raid,
we would have been fucked.

420
00:18:14,232 --> 00:18:16,281
Get the fuck out of here.

421
00:18:16,282 --> 00:18:17,411
I shit my pants for nothing?

422
00:18:17,412 --> 00:18:19,421
I didn't do this for my amusement.

423
00:18:19,422 --> 00:18:21,421
What happened to Steven Birch...

424
00:18:21,422 --> 00:18:24,441
Who I am sure will be cleared
of any wrongdoing...

425
00:18:24,442 --> 00:18:26,261
It could happen to us.

426
00:18:26,262 --> 00:18:28,421
So we need to be prepared.

427
00:18:28,422 --> 00:18:30,301
To that end, say "hello"

428
00:18:30,302 --> 00:18:33,261
to our new and improved
compliance department.

429
00:18:33,262 --> 00:18:35,221
These assholes work here now?

430
00:18:35,222 --> 00:18:36,341
That, they do.

431
00:18:36,342 --> 00:18:39,421
They're here for our support
and our protection,

432
00:18:39,422 --> 00:18:41,361
and you will not even be taking a piss

433
00:18:41,362 --> 00:18:44,361
without them close enough
to give it a shake.

434
00:18:44,362 --> 00:18:48,311
From here on, we evaluate every move...

435
00:18:48,312 --> 00:18:51,231
Not just for the upside, but
for its ethical grounding.

436
00:18:51,232 --> 00:18:52,232
We have to be more pure

437
00:18:52,233 --> 00:18:54,301
than the Virgin Mary
before her first period.

438
00:18:54,302 --> 00:18:56,331
Fuck, wags.

439
00:18:56,332 --> 00:19:00,301
How the hell are we
supposed to make any money?

440
00:19:00,302 --> 00:19:02,272
You think this is a joke, Victor?

441
00:19:04,242 --> 00:19:06,311
You, in particular, were flagged.

442
00:19:06,312 --> 00:19:07,421
Flagged?

443
00:19:07,422 --> 00:19:10,431
Your short on that chip maker.

444
00:19:10,432 --> 00:19:12,431
Eleva Peripherals.

445
00:19:12,432 --> 00:19:16,432
Netted 38% fresh blubber on that seal hunt.

446
00:19:16,917 --> 00:19:20,271
Rotten carcass... over the line.

447
00:19:20,272 --> 00:19:23,351
We're lucky the S.E.C.
hasn't come calling already.

448
00:19:23,352 --> 00:19:24,401
You're done.

449
00:19:24,402 --> 00:19:26,272
Fired.

450
00:19:27,312 --> 00:19:28,431
Clear out.

451
00:19:28,432 --> 00:19:30,402
Leave your key cards.

452
00:19:38,282 --> 00:19:40,221
This is bullshit.

453
00:19:40,222 --> 00:19:41,321
I didn't do anything out-of-bounds...

454
00:19:41,322 --> 00:19:43,211
No more than anyone else.

455
00:19:43,212 --> 00:19:44,311
Did I sign off on that trade?

456
00:19:44,312 --> 00:19:45,401
No, I did not.

457
00:19:45,402 --> 00:19:47,361
Don't say anything else.

458
00:19:47,362 --> 00:19:51,251
I trusted you with my name and my capital,

459
00:19:51,252 --> 00:19:52,381
and you fucked me.

460
00:19:52,382 --> 00:19:55,241
You put us all at risk

461
00:19:55,242 --> 00:19:57,251
with your deceitful, illegal moves.

462
00:19:57,252 --> 00:19:59,282
Now get out of here.

463
00:20:08,252 --> 00:20:10,281
All right, everybody, back at it.

464
00:20:10,282 --> 00:20:13,331
Play hard, play clean.

465
00:20:13,332 --> 00:20:16,291
Be careful out there.

466
00:20:16,292 --> 00:20:17,431
That was a hell of a public spanking.

467
00:20:17,432 --> 00:20:19,331
Make sure our investors know about it.

468
00:20:19,332 --> 00:20:20,371
On it.

469
00:20:20,372 --> 00:20:23,241
I'm gonna make sure Garth
Sykes hears about it A.S.A.P.

470
00:20:23,242 --> 00:20:25,251
You're gonna be a god on
the street by lunchtime.

471
00:20:25,252 --> 00:20:26,361
I thought I already was one.

472
00:20:26,362 --> 00:20:28,262
Greater god.

473
00:20:30,232 --> 00:20:32,411
Don't you fuckin' touch me!

474
00:20:32,412 --> 00:20:34,262
Or my cellphone.

475
00:20:49,292 --> 00:20:52,291
I was going to tell you
about the compliance gag,

476
00:20:52,292 --> 00:20:54,421
but you didn't show up
at the charity dinner,

477
00:20:54,422 --> 00:20:56,211
and then...

478
00:20:56,212 --> 00:20:59,281
Then... I was half a
hallway from your office.

479
00:20:59,282 --> 00:21:00,421
Try again.

480
00:21:00,422 --> 00:21:03,261
Honest? It was an oversight.

481
00:21:03,262 --> 00:21:04,421
No, it wasn't. You don't make them.

482
00:21:04,422 --> 00:21:06,281
And that matters.

483
00:21:06,282 --> 00:21:08,401
But what matters more
right now is that Victor

484
00:21:08,402 --> 00:21:11,371
is exactly the wrong
person to fire that way.

485
00:21:11,372 --> 00:21:12,391
That was spur-of-the-moment.

486
00:21:12,392 --> 00:21:15,222
It was a spur-of-the-moment fuck-up.

487
00:21:16,222 --> 00:21:18,261
His entire psychological makeup

488
00:21:18,262 --> 00:21:21,341
sets him up to react very
poorly to public humiliation.

489
00:21:21,342 --> 00:21:24,281
The same things that made
him a profit center for you

490
00:21:24,282 --> 00:21:26,261
will make him a difficult adversary

491
00:21:26,262 --> 00:21:27,341
if he's not handled right.

492
00:21:27,342 --> 00:21:29,261
He will stew and obsess

493
00:21:29,262 --> 00:21:31,322
and find a way to exact revenge on you.

494
00:21:32,282 --> 00:21:34,281
Okay. I can see that.

495
00:21:34,282 --> 00:21:35,322
Will you fix it?

496
00:21:38,402 --> 00:21:41,261
Go do it, please.

497
00:21:41,262 --> 00:21:43,291
I made a mistake not looping you in.

498
00:21:43,292 --> 00:21:44,331
I admit that.

499
00:21:44,332 --> 00:21:46,431
"Mistake."

500
00:21:46,432 --> 00:21:48,252
Last chance.

501
00:21:49,252 --> 00:21:50,421
Okay.

502
00:21:50,422 --> 00:21:52,351
It was a red team drill.

503
00:21:52,352 --> 00:21:55,312
I wanted everybody to react
as they would naturally.

504
00:21:58,312 --> 00:22:00,292
I left you out on purpose.

505
00:22:03,262 --> 00:22:05,211
And I will make it up to you.

506
00:22:05,212 --> 00:22:06,352
Please deal with Victor.

507
00:22:14,312 --> 00:22:16,402
Sean Ayles, please. It's Lara Axelrod.

508
00:22:18,242 --> 00:22:19,321
Sean. Hi.

509
00:22:19,322 --> 00:22:20,431
This is the call you've been waiting for.

510
00:22:20,432 --> 00:22:23,351
I wanted to talk to you
about making a donation.

511
00:22:24,402 --> 00:22:26,441
I figured you would.

512
00:22:26,442 --> 00:22:29,371
And about naming rights.

513
00:22:29,372 --> 00:22:32,371
And so the names on these buildings

514
00:22:32,372 --> 00:22:35,301
become more than just identifiers.

515
00:22:35,302 --> 00:22:39,814
They become signifiers of a grander age,

516
00:22:39,845 --> 00:22:42,241
when titans of industry understood

517
00:22:42,242 --> 00:22:44,271
that the purpose of their wealth

518
00:22:44,272 --> 00:22:46,281
was to support the performative arts

519
00:22:46,282 --> 00:22:48,211
to improve the quality of life

520
00:22:48,212 --> 00:22:51,362
for all those who live
in and visit this city.

521
00:22:52,362 --> 00:22:54,401
Now give me the Gettysburg Address.

522
00:22:54,402 --> 00:22:56,261
I'm sorry.

523
00:22:56,262 --> 00:22:58,412
That... sounded rehearsed.

524
00:23:00,302 --> 00:23:01,302
I'm vamping.

525
00:23:02,392 --> 00:23:03,421
I'm in a difficult spot.

526
00:23:03,422 --> 00:23:05,291
No, yeah, I know.

527
00:23:05,292 --> 00:23:09,271
Because what you need to tell
me is that the Eads family

528
00:23:09,272 --> 00:23:13,231
owns the naming rights to
this building in perpetuity.

529
00:23:13,232 --> 00:23:16,211
But I'm here offering you $100 million,

530
00:23:16,212 --> 00:23:18,311
which you need to extract somehow

531
00:23:18,312 --> 00:23:20,332
without giving me what I want.

532
00:23:22,262 --> 00:23:23,839
I'm in a difficult spot.

533
00:23:23,840 --> 00:23:26,211
No, yeah, I know.

534
00:23:26,212 --> 00:23:29,272
Also, "performative" does
not mean "performance."

535
00:23:30,442 --> 00:23:32,411
Most donors like an air of...

536
00:23:32,412 --> 00:23:34,232
I don't.

537
00:23:35,442 --> 00:23:37,421
There are other naming
opportunities on the ground

538
00:23:37,422 --> 00:23:40,341
that would give you the status
and sense of permanence

539
00:23:40,342 --> 00:23:41,351
that you need.

540
00:23:41,352 --> 00:23:44,232
Why is this building so important to you?

541
00:23:45,352 --> 00:23:48,311
Here's why it's important to you.

542
00:23:48,312 --> 00:23:51,261
It's the only way you are getting
even a dollar out of me.

543
00:23:51,262 --> 00:23:53,261
Now, I happen to have discovered

544
00:23:53,262 --> 00:23:55,261
that the remaining members
of the Eads family

545
00:23:55,262 --> 00:23:57,261
are in a financial pinch.

546
00:23:57,262 --> 00:23:59,241
They need to raise cash.

547
00:23:59,242 --> 00:24:00,331
And they will have a hard time

548
00:24:00,332 --> 00:24:02,261
getting ahold of the kind of loan they need

549
00:24:02,262 --> 00:24:03,488
to pay off their other loans.

550
00:24:04,242 --> 00:24:05,411
So, I want you to tell them

551
00:24:05,412 --> 00:24:08,351
that I will pay them $25 million

552
00:24:08,352 --> 00:24:12,352
to allow me to replace their
family name with mine.

553
00:24:13,983 --> 00:24:16,301
Then I will donate the 100,

554
00:24:16,302 --> 00:24:18,402
and you can begin your renovations.

555
00:24:25,128 --> 00:24:26,218
Oh.

556
00:24:28,342 --> 00:24:31,442
There is one condition I'll
need you to sign off on.

557
00:24:38,791 --> 00:24:40,411
Don't scream.

558
00:24:40,412 --> 00:24:42,361
Look there.

559
00:24:45,212 --> 00:24:47,331
What the fuck?

560
00:24:47,332 --> 00:24:48,371
Get out.

561
00:24:48,372 --> 00:24:49,421
I'm calling the police.

562
00:24:49,422 --> 00:24:51,352
You don't want to do that, Tara.

563
00:24:52,372 --> 00:24:53,401
Who the fuck are you?

564
00:24:54,442 --> 00:24:56,311
Your newest and bestest.

565
00:24:56,312 --> 00:24:59,431
You should stay and listen to me.

566
00:24:59,432 --> 00:25:02,361
Or else this goes viral.

567
00:25:02,362 --> 00:25:04,271
You're making me weak.

568
00:25:04,272 --> 00:25:06,281
"You're making me weak."

569
00:25:08,242 --> 00:25:10,371
We have... we have training against this.

570
00:25:10,372 --> 00:25:13,261
You think you're gonna
fucking blackmail me?

571
00:25:13,262 --> 00:25:15,441
So what? I fuck girls, guys. Who cares?

572
00:25:15,442 --> 00:25:17,231
Everyone fucks.

573
00:25:17,232 --> 00:25:20,231
That thing has no chance to compromise me.

574
00:25:20,232 --> 00:25:21,718
I hope it at least gets you off, man.

575
00:25:23,442 --> 00:25:25,331
What gets me off

576
00:25:25,332 --> 00:25:29,231
would disturb you at such
a deep level, honey,

577
00:25:29,232 --> 00:25:31,372
you'd be best-served never
to think about it again.

578
00:25:36,342 --> 00:25:40,221
Folks in your line care about
that kind of thing, though.

579
00:25:40,222 --> 00:25:42,211
And this...

580
00:25:42,212 --> 00:25:44,431
Your hair...

581
00:25:44,432 --> 00:25:47,321
Which will test positive for cocaine,

582
00:25:47,322 --> 00:25:51,351
can be in Chuck Rhoades'
hands within an hour.

583
00:25:51,352 --> 00:25:55,391
You're gonna watch, listen, and report,

584
00:25:55,392 --> 00:25:58,262
and everything's gonna be fine.

585
00:26:01,372 --> 00:26:03,372
It's a lot to take in.

586
00:26:06,272 --> 00:26:07,411
We've already gone through
all of this crap.

587
00:26:07,412 --> 00:26:10,311
I heard back from my sources.

588
00:26:10,312 --> 00:26:12,371
There's a war room set up at Birch's.

589
00:26:12,372 --> 00:26:14,371
Lawyers, accountants... the whole thing.

590
00:26:14,372 --> 00:26:16,371
Guys at his shop are
prepping their résumés.

591
00:26:16,372 --> 00:26:19,401
Well, if it was just smoke,
they'd issue a denial...

592
00:26:19,402 --> 00:26:21,231
Keep working.

593
00:26:21,232 --> 00:26:23,331
Yeah. They're treating this
article like it's a warrant.

594
00:26:23,332 --> 00:26:25,261
Somebody wanted to hurt Birch,

595
00:26:25,262 --> 00:26:27,271
and they wanted us on the ass end.

596
00:26:27,272 --> 00:26:30,231
So they leaked it.

597
00:26:30,232 --> 00:26:31,311
And I do not like it.

598
00:26:31,312 --> 00:26:33,371
We need the reins back in our hands.

599
00:26:33,372 --> 00:26:34,381
Understood.

600
00:26:34,382 --> 00:26:36,411
You want me to stay on
this Axe/Decker thing?

601
00:26:36,412 --> 00:26:39,261
No. Set that aside.

602
00:26:39,262 --> 00:26:42,311
Until we know at least as much
as this fucking reporter knows,

603
00:26:42,312 --> 00:26:44,311
let's keep the brights on Steven Birch.

604
00:26:44,312 --> 00:26:45,351
All right.

605
00:26:45,352 --> 00:26:46,381
Get me every article

606
00:26:46,382 --> 00:26:50,281
Randy Kornbluth wrote in the past year.

607
00:26:50,282 --> 00:26:53,402
All of Mike Dimonda's articles, too.
We'll start there.

608
00:27:07,232 --> 00:27:08,351
Mike.

609
00:27:14,272 --> 00:27:16,421
Good parlor trick, knowing my address.

610
00:27:16,422 --> 00:27:19,231
That'll look like a fun intimidation tactic

611
00:27:19,232 --> 00:27:20,232
when I write this up.

612
00:27:20,233 --> 00:27:22,371
Oh. You're not writing this up.

613
00:27:22,372 --> 00:27:24,271
Because that would be a small win,

614
00:27:24,272 --> 00:27:26,391
and you're not in it for small wins.

615
00:27:26,392 --> 00:27:28,441
No, you've come too far.
Too young an age for that.

616
00:27:28,442 --> 00:27:30,431
I'm in it because people
deserve to know the truth

617
00:27:30,432 --> 00:27:32,331
- about power and money and...
- Whoa. Wait a minute.

618
00:27:32,332 --> 00:27:35,227
What are you, Glenn
Greenwald all of a sudden?

619
00:27:35,228 --> 00:27:36,432
Come on.

620
00:27:38,382 --> 00:27:41,301
You know, I've, uh, I've been reading...

621
00:27:41,302 --> 00:27:43,391
Randy Kornbluth lately.

622
00:27:43,392 --> 00:27:46,311
He usually covers state politics.

623
00:27:46,312 --> 00:27:49,291
He hasn't had a hard
business story in 18 months,

624
00:27:49,292 --> 00:27:50,401
but all of a sudden,

625
00:27:50,402 --> 00:27:53,281
he hooks into a full-blown crime story...

626
00:27:53,282 --> 00:27:54,422
On Steven Birch.

627
00:27:56,242 --> 00:27:57,411
His article quotes

628
00:27:57,412 --> 00:28:00,351
former federal prosecutor James Robbins,

629
00:28:00,352 --> 00:28:02,261
who says that the connection

630
00:28:02,262 --> 00:28:04,411
between hedge funds and company officials

631
00:28:04,412 --> 00:28:06,362
must be probed.

632
00:28:08,242 --> 00:28:10,391
You know who else likes
quoting James Robbins?

633
00:28:10,392 --> 00:28:12,281
You.

634
00:28:12,282 --> 00:28:14,441
Seven times in the past six months.

635
00:28:14,442 --> 00:28:16,331
He's a widely respected
source with connections...

636
00:28:16,332 --> 00:28:18,361
He's a fucking rent-a-quote.

637
00:28:18,362 --> 00:28:21,411
I know you really wrote the Birch story,

638
00:28:21,412 --> 00:28:25,803
and I think I know why you
chose to hide that fact.

639
00:28:26,068 --> 00:28:28,241
If I am such a careerist,

640
00:28:28,242 --> 00:28:29,441
why would I ever hide something that good?

641
00:28:29,442 --> 00:28:32,262
'Cause you thought it would
endear you to someone.

642
00:28:34,322 --> 00:28:35,381
What you should have done,

643
00:28:35,382 --> 00:28:38,301
if you were really playing
an elevated game,

644
00:28:38,302 --> 00:28:40,431
was come to me with what you had.

645
00:28:40,432 --> 00:28:42,351
See, if I had something better to give you

646
00:28:42,352 --> 00:28:43,727
in exchange for you holding on to it...

647
00:28:43,752 --> 00:28:46,411
You have never been willing to
play any kind of game with me.

648
00:28:46,412 --> 00:28:49,281
I didn't know you were ready
to play in the bigs, man.

649
00:28:49,282 --> 00:28:50,577
Now I do.

650
00:28:50,602 --> 00:28:54,039
So, these are the rules. You
tell me who fed you that...

651
00:28:54,040 --> 00:28:55,391
No.

652
00:28:55,392 --> 00:28:57,968
I'm gonna head inside.

653
00:28:57,969 --> 00:29:00,231
Because this conversation has peaked,

654
00:29:00,232 --> 00:29:03,341
and you don't get to tell me the rules.

655
00:29:03,342 --> 00:29:04,986
You're correct.

656
00:29:04,987 --> 00:29:07,261
I'm not gonna write up this ambush.

657
00:29:07,262 --> 00:29:08,411
But I can.

658
00:29:08,412 --> 00:29:11,371
Anytime I want to.

659
00:29:11,372 --> 00:29:13,381
So think about that the next time

660
00:29:13,382 --> 00:29:15,803
you try and bar me from a press conference

661
00:29:15,804 --> 00:29:17,391
or dodge my call.

662
00:29:17,392 --> 00:29:19,322
Have a good night.

663
00:29:32,322 --> 00:29:34,302
All right. Thank you.

664
00:29:39,272 --> 00:29:41,261
Uh...

665
00:29:41,262 --> 00:29:43,221
You know what?

666
00:29:43,222 --> 00:29:44,281
Here's the $20

667
00:29:44,282 --> 00:29:46,341
for whatever the guy in the
blue shirt back there wants.

668
00:29:46,342 --> 00:29:48,301
- I got you.
- Okay, thank you.

669
00:29:48,302 --> 00:29:50,241
Okay, guys, let's go. Come on.

670
00:29:50,242 --> 00:29:51,301
Now, you guys remember

671
00:29:51,302 --> 00:29:54,211
when we threw Grandpa a
surprise party for his birthday

672
00:29:54,212 --> 00:29:55,331
and we all had to keep the secret?

673
00:29:55,332 --> 00:29:56,371
Yeah.

674
00:29:56,372 --> 00:29:58,301
Okay. Why do we have to keep the secret?

675
00:29:58,302 --> 00:29:59,401
To make Grandpa happy.

676
00:29:59,402 --> 00:30:01,381
Right. So this is like that, okay?

677
00:30:01,382 --> 00:30:03,311
We don't tell anyone about the doughnuts

678
00:30:03,312 --> 00:30:05,261
to make Mommy happy.

679
00:30:05,262 --> 00:30:06,232
Okay?

680
00:30:07,262 --> 00:30:08,271
Rhoades!

681
00:30:08,272 --> 00:30:11,322
Don't you walk away
before you meet my kids.

682
00:30:12,352 --> 00:30:15,371
Mr. Kroll, we are in a public place...

683
00:30:15,372 --> 00:30:18,231
With, uh, as you say, our children.

684
00:30:18,232 --> 00:30:21,221
Uh, why don't you guys go sit
on the bench over there, okay?

685
00:30:21,222 --> 00:30:22,432
Take your sister over there.

686
00:30:23,432 --> 00:30:27,432
I-I don't need your, um... Kindness now.

687
00:30:28,262 --> 00:30:30,292
I-I needed it at sentencing.

688
00:30:33,312 --> 00:30:36,412
This is Margo and Stevie.

689
00:30:37,392 --> 00:30:39,271
Hello.

690
00:30:39,272 --> 00:30:41,271
I kept them out of school
today so we could be together

691
00:30:41,272 --> 00:30:43,242
because I go to prison tomorrow.

692
00:30:44,362 --> 00:30:46,281
How do you live with yourself?

693
00:30:46,282 --> 00:30:47,401
How?

694
00:30:47,402 --> 00:30:48,442
Yeah.

695
00:30:50,252 --> 00:30:51,321
I think long and hard

696
00:30:51,322 --> 00:30:55,411
before any prosecution in
my office goes forward.

697
00:30:55,412 --> 00:30:59,301
And I'm proudest of the cases
I choose not to prosecute.

698
00:30:59,302 --> 00:31:02,421
But when I go forward, it's full guns.

699
00:31:02,422 --> 00:31:05,301
I made one goddamn mistake.

700
00:31:05,302 --> 00:31:07,441
And who got hurt?

701
00:31:07,442 --> 00:31:08,432
No one.

702
00:31:08,433 --> 00:31:09,441
You could have let it go.

703
00:31:09,442 --> 00:31:11,221
You committed mail fraud.

704
00:31:11,222 --> 00:31:14,331
And you knew that my wife had died...

705
00:31:14,332 --> 00:31:16,321
Suddenly...

706
00:31:16,322 --> 00:31:18,381
And that I was desperate and lost.

707
00:31:18,382 --> 00:31:20,211
Y-you read the articles.

708
00:31:20,212 --> 00:31:21,341
You... you got letters from 100 people

709
00:31:21,342 --> 00:31:24,212
who vouched for the man that
I was and would be again.

710
00:31:25,362 --> 00:31:28,381
I'm what those kids have left.

711
00:31:28,382 --> 00:31:32,412
And they won't have me
again for four years.

712
00:31:34,292 --> 00:31:36,221
Have a nice stroll with yours.

713
00:31:36,222 --> 00:31:37,411
And take your fucking $20

714
00:31:37,412 --> 00:31:40,412
or just... leave it here
for the birds to pick at.

715
00:31:43,292 --> 00:31:44,321
Let's go, kids.

716
00:31:44,322 --> 00:31:46,332
Daddy's done with this asshole.

717
00:31:51,382 --> 00:31:53,251
You wanted to see me?

718
00:31:53,252 --> 00:31:54,352
Hey.

719
00:31:56,212 --> 00:31:57,441
I want to give you a short

720
00:31:57,442 --> 00:32:00,361
that you're not gonna bail on too quick.

721
00:32:00,362 --> 00:32:02,211
Do you know Cross-co.?

722
00:32:02,212 --> 00:32:04,241
Cross-co. Trucking. I've been tracking it.

723
00:32:04,242 --> 00:32:06,361
Mid-size firm, has a big
distribution contract

724
00:32:06,362 --> 00:32:08,371
with that bakery company Yumtime.

725
00:32:08,372 --> 00:32:10,301
Been holding 50.

726
00:32:10,302 --> 00:32:12,361
Fundamentals are solid.

727
00:32:12,362 --> 00:32:14,361
I don't see the short play.

728
00:32:14,362 --> 00:32:17,281
I don't need you to see it.
I need you to do it.

729
00:32:17,282 --> 00:32:19,402
We'll get 50 on the tape.
We'll size up later.

730
00:32:21,422 --> 00:32:25,251
You got a fucking problem with this?

731
00:32:25,252 --> 00:32:26,242
No.

732
00:32:33,372 --> 00:32:35,271
You plug that investor leakage?

733
00:32:35,272 --> 00:32:37,261
I thought I'd done exactly that,

734
00:32:37,262 --> 00:32:39,382
but I haven't been able to get
Garth Sykes on the phone.

735
00:32:40,352 --> 00:32:42,311
He bails, it hurts us.

736
00:32:42,312 --> 00:32:44,231
Yeah. I tried.

737
00:32:44,232 --> 00:32:46,351
But I think I need you to
show face with this guy.

738
00:32:46,352 --> 00:32:48,075
You got this.

739
00:32:48,076 --> 00:32:49,341
That's why I have you.

740
00:32:53,392 --> 00:32:55,421
That fucker thinks that if
you come running over here,

741
00:32:55,422 --> 00:32:58,381
I'm gonna forget he fired me
in front of everyone I know?

742
00:32:58,382 --> 00:33:00,281
Who knows what he thinks?

743
00:33:00,282 --> 00:33:02,261
One minute, you're his
most trusted advisor,

744
00:33:02,262 --> 00:33:04,331
the next, you're on the outside.

745
00:33:04,332 --> 00:33:06,251
I'm here because...

746
00:33:06,252 --> 00:33:07,431
I think you might make
it worse for yourself,

747
00:33:07,432 --> 00:33:09,271
and I don't want to see that.

748
00:33:09,272 --> 00:33:11,341
The money I made him...

749
00:33:11,342 --> 00:33:13,291
He treated me like a lowlife.

750
00:33:13,292 --> 00:33:15,341
And that's a trigger for you.

751
00:33:15,342 --> 00:33:17,311
Everyone laughing at me growing up.

752
00:33:17,312 --> 00:33:19,231
The dyslexia.

753
00:33:19,232 --> 00:33:20,351
Even the teachers.

754
00:33:20,352 --> 00:33:22,261
I sent every one of those pricks

755
00:33:22,262 --> 00:33:24,371
a photo of my first
million-dollar bonus check.

756
00:33:24,372 --> 00:33:28,231
That made you feel really
good for about 24 hours,

757
00:33:28,232 --> 00:33:29,301
and then you hated yourself

758
00:33:29,302 --> 00:33:31,401
for letting them know they ever got to you.

759
00:33:31,402 --> 00:33:32,431
Kind of.

760
00:33:32,432 --> 00:33:35,251
Sometimes.

761
00:33:35,252 --> 00:33:37,241
This is different.

762
00:33:37,242 --> 00:33:39,371
I know plenty about how
Axe Capital works...

763
00:33:39,372 --> 00:33:41,251
The dirty edge...

764
00:33:41,252 --> 00:33:43,351
The proprietary trading techniques.

765
00:33:43,352 --> 00:33:45,231
I know how the secret sauce is made.

766
00:33:45,232 --> 00:33:47,211
Yeah. I'm sure you could put out

767
00:33:47,212 --> 00:33:48,321
a Schott's miscellany about the place.

768
00:33:48,322 --> 00:33:49,401
Schott's?

769
00:33:49,402 --> 00:33:52,421
It's like a farmer's almanac
for non-farm stuff.

770
00:33:52,422 --> 00:33:55,381
Then, yeah, I could put
out a couple of volumes

771
00:33:55,382 --> 00:33:57,281
of Schott's miscellany about the place.

772
00:33:57,282 --> 00:33:59,401
You just need to ask yourself
one question first...

773
00:33:59,402 --> 00:34:02,302
Are you rich enough to
never get another job?

774
00:34:06,372 --> 00:34:08,431
I did work for that man.

775
00:34:08,432 --> 00:34:10,361
Bribed an oil company C.F.O. for him...

776
00:34:10,362 --> 00:34:12,211
Stop talking.

777
00:34:12,212 --> 00:34:14,211
We're not in session.
That's not privileged.

778
00:34:14,212 --> 00:34:17,381
Point is, I got all muddied up for him.

779
00:34:17,382 --> 00:34:20,332
Hard not to rub it on his
clean, white shirt now.

780
00:34:24,871 --> 00:34:27,222
Remember Warren Jaffin, the analyst?

781
00:34:28,272 --> 00:34:29,351
Yeah.

782
00:34:29,352 --> 00:34:31,251
Bright guy?

783
00:34:31,252 --> 00:34:32,291
That kid was sharp.

784
00:34:32,292 --> 00:34:34,281
Employable?

785
00:34:34,282 --> 00:34:35,311
Real sharp, yeah.

786
00:34:35,312 --> 00:34:38,251
Then he balked at his bonus
one year and got popped.

787
00:34:38,252 --> 00:34:41,231
He got another job right
away at a huge bank...

788
00:34:41,232 --> 00:34:43,251
$3 million a year, guaranteed.

789
00:34:43,252 --> 00:34:44,301
Only, word got back to Axe

790
00:34:44,302 --> 00:34:46,361
that Warren had badmouthed
him in the interview...

791
00:34:46,362 --> 00:34:48,421
Said Axe wasn't generous with him.

792
00:34:48,422 --> 00:34:52,221
So Axe called the head of the bank,

793
00:34:52,222 --> 00:34:55,392
asked him to pull the offer
that day, which the guy did.

794
00:34:57,352 --> 00:34:59,321
Can you imagine...

795
00:34:59,322 --> 00:35:02,261
How humiliating that was for Warren?

796
00:35:02,262 --> 00:35:04,231
Probably told his whole
family, all his friends

797
00:35:04,232 --> 00:35:05,321
that he was back.

798
00:35:05,322 --> 00:35:07,271
But Axe didn't leave it there.

799
00:35:07,272 --> 00:35:09,301
He called the president or chairman

800
00:35:09,302 --> 00:35:12,331
of every prime broker, bank,
and fund in the industry

801
00:35:12,332 --> 00:35:13,411
and had him blackballed.

802
00:35:13,412 --> 00:35:15,341
Put it out over the loudspeaker,

803
00:35:15,342 --> 00:35:17,331
direct from the principal's office...

804
00:35:17,332 --> 00:35:20,121
"if you hire Warren Jaffin,
you are my enemy."

805
00:35:22,332 --> 00:35:25,432
Do you know what Warren does now?

806
00:35:27,352 --> 00:35:29,252
He's got a blog.

807
00:35:32,095 --> 00:35:35,251
You've built a real life
for yourself, Victor...

808
00:35:35,252 --> 00:35:36,361
A long way from Queens.

809
00:35:37,432 --> 00:35:40,271
If Axe is certain you'll
act like a gentleman,

810
00:35:40,272 --> 00:35:42,352
he will make sure to take care of you.

811
00:35:44,232 --> 00:35:47,231
You were the one that always
told me to stand up for myself.

812
00:35:47,232 --> 00:35:50,351
When you can win, yes.

813
00:35:50,352 --> 00:35:54,292
The only way you can win
now is by letting it go.

814
00:36:00,302 --> 00:36:03,391
You know, I have to confess to something.

815
00:36:03,392 --> 00:36:04,441
Okay.

816
00:36:04,442 --> 00:36:06,321
You're not gonna like it.

817
00:36:06,322 --> 00:36:08,231
Fire away.

818
00:36:08,232 --> 00:36:11,241
I took the kids for doughnuts.

819
00:36:11,242 --> 00:36:13,271
I know.

820
00:36:13,272 --> 00:36:14,402
Kevin told me.

821
00:36:16,322 --> 00:36:17,322
Good.

822
00:36:17,323 --> 00:36:18,401
Oh.

823
00:36:18,402 --> 00:36:20,281
You're glad he cracked?

824
00:36:20,282 --> 00:36:23,291
No, I never want them to
keep secrets from you.

825
00:36:23,292 --> 00:36:25,441
They're gonna keep them from
me their entire teenage years.

826
00:36:25,442 --> 00:36:27,211
They should at least know

827
00:36:27,212 --> 00:36:29,281
that they always can confide in you.

828
00:36:29,282 --> 00:36:33,282
And among your many gifts,
that is a great one.

829
00:36:34,222 --> 00:36:37,381
Everyone feels like you're
always on their side.

830
00:36:37,382 --> 00:36:40,441
Well, I try to be, or at least...

831
00:36:40,442 --> 00:36:43,261
Understand where they're coming from.

832
00:36:43,262 --> 00:36:44,441
That's the wonderful part of your job.

833
00:36:44,442 --> 00:36:47,302
You get to employ your empathy.

834
00:36:48,342 --> 00:36:51,944
I have to be a real prick
sometimes, you know?

835
00:36:53,332 --> 00:36:54,411
At work.

836
00:36:54,412 --> 00:36:56,046
Yeah.

837
00:36:56,928 --> 00:37:00,331
Sometimes, we all do things
we're not proud of at work.

838
00:37:00,332 --> 00:37:01,351
Well, this is different.

839
00:37:03,362 --> 00:37:06,211
When I was in the park with the kids,

840
00:37:06,212 --> 00:37:08,342
there was this guy who...

841
00:37:09,392 --> 00:37:11,493
Specifics don't matter.

842
00:37:13,242 --> 00:37:14,341
What does is,

843
00:37:14,342 --> 00:37:18,261
that every once in a while,
there's this thing we say...

844
00:37:18,262 --> 00:37:19,381
"I am never so proud

845
00:37:19,382 --> 00:37:22,543
as when I choose not to prosecute a case."

846
00:37:23,879 --> 00:37:26,199
And that's true... in theory.

847
00:37:27,252 --> 00:37:31,292
But once in a while, I wish
that I could just be more...

848
00:37:33,382 --> 00:37:35,382
...  human.

849
00:37:38,292 --> 00:37:40,291
But I haven't figured out how to do that

850
00:37:40,292 --> 00:37:43,351
and my job at the same time.

851
00:37:43,352 --> 00:37:44,381
You know?

852
00:37:45,206 --> 00:37:48,272
Being 100% good at your job...

853
00:37:50,322 --> 00:37:53,282
...  and 100% good...

854
00:37:55,252 --> 00:37:56,351
...  if you figure that one out,

855
00:37:56,352 --> 00:37:58,322
let's both quit and write that book.

856
00:38:10,422 --> 00:38:12,381
It's a luxury to relax
every once in a while,

857
00:38:12,382 --> 00:38:14,221
isn't it, Garth?

858
00:38:14,222 --> 00:38:16,361
I remember this place... fondly.

859
00:38:16,362 --> 00:38:20,271
Look, the stability of this firm
has never been in question.

860
00:38:20,272 --> 00:38:23,401
I need to look into Axelrod's
eyes, hear him say it.

861
00:38:23,402 --> 00:38:25,401
Yeah, he will.

862
00:38:25,402 --> 00:38:27,351
I just wanted to hear you first.

863
00:38:27,352 --> 00:38:30,251
I may be from Kentucky, but I'm no rube.

864
00:38:30,252 --> 00:38:31,311
I don't bet on long shots

865
00:38:31,312 --> 00:38:34,321
when it comes to investing
the pensions of my members.

866
00:38:34,322 --> 00:38:37,391
That's why they trust me
with their $5 billion.

867
00:38:37,392 --> 00:38:41,221
I get nervous, I see someone
like Axelrod running around

868
00:38:41,222 --> 00:38:43,431
spending his money like
he's a goddamn rap singer.

869
00:38:43,432 --> 00:38:46,381
Emcee. Like a rap emcee.

870
00:38:46,382 --> 00:38:49,281
No, some of 'em sing now.
My kids showed me.

871
00:38:49,282 --> 00:38:52,231
Snoop and Kid Rock both.

872
00:38:52,232 --> 00:38:55,431
You're right... you are no rube.

873
00:38:55,432 --> 00:38:58,361
But Bobby Axelrod isn't, either.

874
00:38:58,362 --> 00:39:01,361
We've crushed the S&P seven years running,

875
00:39:01,362 --> 00:39:05,241
which means you have crushed the S&P.

876
00:39:05,242 --> 00:39:06,411
You turn over now.

877
00:39:08,242 --> 00:39:11,321
Everyone beats it... till they don't.

878
00:39:11,322 --> 00:39:14,361
When I can I see Axe, talk to him about it?

879
00:39:14,362 --> 00:39:17,271
You don't want to rush off now, do you?

880
00:39:23,362 --> 00:39:26,381
Here's McCue. She got some stuff on Birch.

881
00:39:26,382 --> 00:39:29,221
You are gonna love my nuts.

882
00:39:29,222 --> 00:39:33,241
Pierre Bernard, longtime C.F.O.
of the Arcadian,

883
00:39:33,242 --> 00:39:35,231
gets passed over for C.E.O.,

884
00:39:35,232 --> 00:39:37,422
gets censured internally for
certain financial improprieties.

885
00:39:39,292 --> 00:39:41,351
Press clippings I thought you might want.

886
00:39:41,352 --> 00:39:43,411
And Bernard interviews for a job at Birch

887
00:39:43,412 --> 00:39:45,291
shortly before the trades.

888
00:39:45,292 --> 00:39:47,421
We have secretaries on both
sides confirming the meet.

889
00:39:47,422 --> 00:39:51,422
Birch's trades in Arcadian
occur a half-hour afterward.

890
00:39:52,252 --> 00:39:53,441
We alerted our counterparts up north.

891
00:39:53,442 --> 00:39:55,431
The Railroad has fired Bernard.

892
00:39:55,432 --> 00:39:57,401
The Canadians are considering prosecution.

893
00:39:57,402 --> 00:40:00,211
He's ready to make a
statement implicating Birch.

894
00:40:00,212 --> 00:40:01,401
At Quantico, they call a
case this straightforward...

895
00:40:01,402 --> 00:40:03,271
Nobody cares.

896
00:40:03,272 --> 00:40:04,291
Of course not. Why would they?

897
00:40:04,292 --> 00:40:06,412
Rookies always bring up Quantico.

898
00:40:08,332 --> 00:40:10,282
Uh, do you need something else?

899
00:40:11,262 --> 00:40:14,261
Let me know if you need
PDF backups of those.

900
00:40:14,262 --> 00:40:15,252
Will do.

901
00:40:15,253 --> 00:40:16,351
He is right, though.

902
00:40:16,352 --> 00:40:18,352
This Birch thing's a dunker.

903
00:40:20,302 --> 00:40:22,312
Dominique all day.

904
00:40:24,262 --> 00:40:26,362
Wilkins!

905
00:40:40,422 --> 00:40:43,341
So, tomorrow morning, when the
arrest warrant is issued,

906
00:40:43,342 --> 00:40:44,411
along with a search warrant,

907
00:40:44,412 --> 00:40:47,301
we meet near Birch's firm, all right?

908
00:40:47,302 --> 00:40:49,381
You guys take him, we take his records.

909
00:40:49,382 --> 00:40:51,291
- Hey, quick question.
- Alan.

910
00:40:51,292 --> 00:40:52,411
Are we gonna handcuff him?

911
00:40:52,412 --> 00:40:54,211
Yeah, obviously.

912
00:40:54,212 --> 00:40:56,381
What about the S.E.C.?
Should we alert them?

913
00:40:56,382 --> 00:40:57,431
We already have.

914
00:40:57,432 --> 00:40:58,422
Press?

915
00:40:58,423 --> 00:41:00,261
Probably, all right?

916
00:41:00,262 --> 00:41:01,431
I mean, those news cameras

917
00:41:01,432 --> 00:41:04,391
just have a way of showing up
at the right time, don't they?

918
00:41:06,352 --> 00:41:08,241
- So, we're gonna hit 'em full-on, right? 
- Yes.

919
00:41:08,242 --> 00:41:10,331
We'll get local law
enforcement there on the perimeter,

920
00:41:10,332 --> 00:41:11,351
but with the lights out.

921
00:41:16,382 --> 00:41:19,341
All right, any more questions?

922
00:41:22,432 --> 00:41:23,402
Bryan?

923
00:41:27,332 --> 00:41:29,351
Let's put a pin in the arrest.

924
00:41:29,352 --> 00:41:30,272
Boss?

925
00:41:30,273 --> 00:41:31,411
Get Birch in here.

926
00:41:31,412 --> 00:41:33,231
It's time to settle.

927
00:41:33,232 --> 00:41:35,241
No, no. N-no way.

928
00:41:35,242 --> 00:41:38,211
We... we have him dead
to rights on this trial.

929
00:41:38,212 --> 00:41:40,311
I'm first chair. Then it's
jail for this jamoke.

930
00:41:40,312 --> 00:41:42,371
We have him dead to rights,
so he'll fold quick,

931
00:41:42,372 --> 00:41:45,411
and then we get back to what
we were doing... Axelrod.

932
00:41:45,412 --> 00:41:49,412
I'm not letting us follow the
riderless horse any longer.

933
00:41:50,212 --> 00:41:51,241
Wait. Riderless h...

934
00:41:51,242 --> 00:41:53,291
Butch Cassidy and the Sundance Kid.

935
00:41:53,292 --> 00:41:54,402
They were smart.

936
00:41:56,352 --> 00:41:59,291
They sent one of their horses
off in a different direction

937
00:41:59,292 --> 00:42:02,211
so the posse would have to split up...

938
00:42:02,212 --> 00:42:04,321
Get distracted.

939
00:42:04,322 --> 00:42:08,301
But this was no ordinary posse.

940
00:42:08,302 --> 00:42:11,391
This was a super posse... the super posse.

941
00:42:11,392 --> 00:42:13,321
Mixed group of superheroes...

942
00:42:13,322 --> 00:42:16,221
A sheriff, a marshal, an Indian.

943
00:42:16,222 --> 00:42:17,382
"Native American."

944
00:42:18,382 --> 00:42:19,352
Sure.

945
00:42:19,353 --> 00:42:20,391
And the Cherokee...

946
00:42:20,392 --> 00:42:23,281
Man, he could read the
depth of the impression

947
00:42:23,282 --> 00:42:26,281
the horse's hooves made on rock.

948
00:42:26,282 --> 00:42:30,302
And when he realized they were
chasing a riderless horse...

949
00:42:31,372 --> 00:42:34,411
...  they got right back on Butch's trail.

950
00:42:34,412 --> 00:42:36,321
I remember now.

951
00:42:36,322 --> 00:42:38,361
I watched it with my dad

952
00:42:38,362 --> 00:42:41,291
on one of the Saturdays he showed up.

953
00:42:41,292 --> 00:42:43,431
I didn't root for the super posse.

954
00:42:43,432 --> 00:42:45,331
I rooted for Butch and Sundance.

955
00:42:45,332 --> 00:42:47,332
Of course you did. We all did.

956
00:42:49,392 --> 00:42:52,302
But that's not who we are anymore.

957
00:43:04,442 --> 00:43:06,382
How are you, Bobby?

958
00:43:10,262 --> 00:43:12,241
Hey, Garth.

959
00:43:12,242 --> 00:43:13,282
Ken.

960
00:43:15,442 --> 00:43:17,361
I'd call you "Sir Ken" out of respect

961
00:43:17,362 --> 00:43:19,441
for your advanced age and
your accomplishments,

962
00:43:19,442 --> 00:43:22,301
but, as much as you'd like it,
you were born in Chicago,

963
00:43:22,302 --> 00:43:24,291
and no one born there was ever knighted.

964
00:43:24,292 --> 00:43:26,241
He would like it if we called him "Sir."

965
00:43:26,242 --> 00:43:28,261
He is that type.

966
00:43:28,262 --> 00:43:30,291
You are that type, Ken.

967
00:43:30,292 --> 00:43:32,321
And then what would we call you, Axe?

968
00:43:32,322 --> 00:43:35,342
Oh, hell, Kenny, call me
whatever the fuck you want.

969
00:43:39,382 --> 00:43:42,341
Or better, don't ever call me.

970
00:43:42,342 --> 00:43:44,311
You know the reason why
you should never call me?

971
00:43:44,312 --> 00:43:46,301
Because you're a poacher, Ken,

972
00:43:46,302 --> 00:43:49,341
and guys like Garth and me,
we do not like poachers.

973
00:43:49,342 --> 00:43:50,441
Come drag a deer off my land,

974
00:43:50,442 --> 00:43:52,362
see what the fuck happens to you.

975
00:43:54,262 --> 00:43:57,261
Well, now that you've joined
us, let me ask you...

976
00:43:57,262 --> 00:43:58,361
How you doing?

977
00:43:58,362 --> 00:44:01,351
I'm gonna let you in on
something here, Garth.

978
00:44:01,352 --> 00:44:03,371
Hedge fund guys only ask that question

979
00:44:03,372 --> 00:44:06,241
when they know the other
guy is running bad,

980
00:44:06,242 --> 00:44:08,089
which he thinks because
you are sitting with him.

981
00:44:08,090 --> 00:44:09,924
Oh, we're just catching up.

982
00:44:09,949 --> 00:44:11,371
And you still haven't answered.

983
00:44:11,372 --> 00:44:13,421
It's a "crush the other guy" business.

984
00:44:13,422 --> 00:44:17,231
It's like "Highlander"...  
there can be only one.

985
00:44:17,232 --> 00:44:20,322
I don't blame you, Ken.
I'd do the same thing.

986
00:44:21,312 --> 00:44:23,659
But I'm up 32% this year,

987
00:44:24,362 --> 00:44:26,431
which, from what I know of
your run-and-hide approach,

988
00:44:26,432 --> 00:44:30,281
is 30 points better than
what you are at Vista Verde.

989
00:44:30,282 --> 00:44:32,351
Well, you can call it what you want,

990
00:44:32,352 --> 00:44:34,361
but I call it "careful."

991
00:44:34,362 --> 00:44:37,241
Risk-averse.

992
00:44:37,242 --> 00:44:38,421
When I opened my fund,

993
00:44:38,422 --> 00:44:40,431
I was very aware of the responsibility

994
00:44:40,432 --> 00:44:43,221
that people like Garth put in my hands,

995
00:44:43,222 --> 00:44:46,271
which is why I hedge my investments.

996
00:44:46,272 --> 00:44:48,422
I protect the downside.

997
00:44:50,332 --> 00:44:52,371
I may not be a rock star,

998
00:44:52,372 --> 00:44:54,331
but I'm still plugging away,

999
00:44:54,332 --> 00:44:56,382
all these many years later.

1000
00:44:58,362 --> 00:45:00,282
Have fun with your plugger.

1001
00:45:01,352 --> 00:45:03,402
Can we step away for a sec?

1002
00:45:11,969 --> 00:45:13,351
I love talking to you, Axe,

1003
00:45:13,352 --> 00:45:15,360
and you made us a shit ton of money, but...

1004
00:45:16,157 --> 00:45:19,801
I need to keep things nice and comfy...

1005
00:45:19,802 --> 00:45:22,251
Results and optics.

1006
00:45:22,252 --> 00:45:24,411
My job's to spot the fund manager

1007
00:45:24,412 --> 00:45:28,251
taking his eye off the ball
before he strikes out.

1008
00:45:28,252 --> 00:45:29,401
That's what my members count on.

1009
00:45:29,402 --> 00:45:33,798
And they see someone like
Kenneth, dry ass that he is,

1010
00:45:34,641 --> 00:45:36,421
as solid...

1011
00:45:36,422 --> 00:45:39,321
Part of the firmament.

1012
00:45:39,322 --> 00:45:41,232
Sometimes that's important.

1013
00:45:41,892 --> 00:45:42,790
I hear you.

1014
00:45:43,342 --> 00:45:45,611
And I know you hated the
headline in the newspaper.

1015
00:45:47,312 --> 00:45:49,236
Do what you have to do.

1016
00:45:49,814 --> 00:45:51,381
But I hope that in the days to come,

1017
00:45:51,382 --> 00:45:53,422
you see me as part of that firmament.

1018
00:45:55,442 --> 00:45:57,402
I think you will.

1019
00:46:07,422 --> 00:46:11,251
You've all seen the evidence we've gathered

1020
00:46:11,252 --> 00:46:13,381
regarding your Railroad trades.

1021
00:46:13,382 --> 00:46:17,301
If we prevail at trial... which
we're confident we will...

1022
00:46:17,302 --> 00:46:18,411
The federal sentencing guidelines

1023
00:46:18,412 --> 00:46:21,442
call for you to serve 11 years.

1024
00:46:24,222 --> 00:46:26,371
We understand that you have young children.

1025
00:46:26,372 --> 00:46:28,351
Well, maybe they'll be out of college

1026
00:46:28,352 --> 00:46:30,371
by the time you're released.

1027
00:46:30,372 --> 00:46:33,221
Maybe you can make it to their weddings.

1028
00:46:33,222 --> 00:46:36,441
But like we told your lawyers,

1029
00:46:36,442 --> 00:46:39,341
we're willing to forgo
that for a quick plea...

1030
00:46:39,342 --> 00:46:40,391
An admission of guilt,

1031
00:46:40,392 --> 00:46:44,392
a forfeiture money
judgment of $386 million.

1032
00:46:45,222 --> 00:46:47,411
As well as the voluntary
shuttering of your fund

1033
00:46:47,412 --> 00:46:50,391
and conversion of it to a family office.

1034
00:46:50,392 --> 00:46:52,401
You'll no longer handle any outside money.

1035
00:46:52,402 --> 00:46:55,231
I can get the S.E.C. in
here right now to do that

1036
00:46:55,232 --> 00:46:56,212
if you don't agree.

1037
00:46:58,302 --> 00:47:00,272
So, settlement or trial?

1038
00:47:01,432 --> 00:47:04,211
We're prepared to fight
this for as long as we...

1039
00:47:04,212 --> 00:47:05,351
I...

1040
00:47:05,352 --> 00:47:08,242
Came here today to take a deal.

1041
00:47:09,272 --> 00:47:11,282
I don't want to go to jail.

1042
00:47:12,432 --> 00:47:15,371
Wise choice, Mr. Birch.

1043
00:47:15,372 --> 00:47:16,401
Stay in the light.

1044
00:47:16,402 --> 00:47:19,442
You won't be getting a
chance like this again.

1045
00:47:31,222 --> 00:47:32,321
This doesn't have to be over.

1046
00:47:32,322 --> 00:47:34,331
I'm actually relieved we settled.

1047
00:47:50,362 --> 00:47:52,924
_

1048
00:48:11,026 --> 00:48:12,252
Comfortable?

1049
00:48:13,312 --> 00:48:15,205
For the first time all fucking day.

1050
00:48:16,272 --> 00:48:19,251
Well, I have someone coming in here soon,

1051
00:48:19,252 --> 00:48:22,222
and they might be a little
freaked to see their boss...

1052
00:48:26,352 --> 00:48:29,301
I just came by to say
"thank you" and "sorry"...

1053
00:48:29,302 --> 00:48:31,241
Two words I don't say very often.

1054
00:48:31,242 --> 00:48:34,391
So it's handled with Victor?

1055
00:48:34,392 --> 00:48:37,341
You nailed it... on every count.

1056
00:48:37,342 --> 00:48:39,251
And he got paid.

1057
00:48:39,252 --> 00:48:42,431
I used everything I knew about
him to make him capitulate.

1058
00:48:42,432 --> 00:48:44,361
That's why I asked you to go.

1059
00:48:44,362 --> 00:48:46,391
You know why I went?

1060
00:48:46,392 --> 00:48:48,392
For you.

1061
00:48:50,422 --> 00:48:52,042
You and I...

1062
00:48:53,910 --> 00:48:57,361
We've never let each other
down in all these years.

1063
00:48:57,362 --> 00:48:59,311
And I wasn't about to start

1064
00:48:59,312 --> 00:49:01,472
because you acted like that never happened.

1065
00:49:05,412 --> 00:49:08,231
Cut me out again...

1066
00:49:08,232 --> 00:49:08,900
And I'm gone.

1067
00:49:11,272 --> 00:49:12,424
I know.

1068
00:49:19,373 --> 00:49:21,904
_

1069
00:49:24,252 --> 00:49:25,312
I won't.

1070
00:49:40,272 --> 00:49:41,331
Ellis Eads.

1071
00:49:41,332 --> 00:49:44,311
We are honored to share this
privilege with you, Mr. Axelrod.

1072
00:49:44,312 --> 00:49:45,421
With you, too, Mrs. Axelrod.

1073
00:49:45,422 --> 00:49:48,211
There's no sharing, Ellis.
It's Axelrod Hall now.

1074
00:49:48,212 --> 00:49:49,371
No. Of course. We understand.

1075
00:49:49,372 --> 00:49:51,272
You think you do.

1076
00:49:53,412 --> 00:49:55,401
Now, I saw that when I came in here,

1077
00:49:55,402 --> 00:49:57,291
you don't remember me, Chad.

1078
00:49:57,292 --> 00:49:59,301
I know who you are.

1079
00:49:59,302 --> 00:50:03,231
But you don't actually remember.

1080
00:50:03,232 --> 00:50:04,212
We've met before.

1081
00:50:05,432 --> 00:50:08,401
I caddied at The Spoon when I was a kid.

1082
00:50:08,402 --> 00:50:11,291
It was the perfect summer job.

1083
00:50:11,292 --> 00:50:14,391
I carried your grandfather's
bag quite a few times.

1084
00:50:14,392 --> 00:50:17,322
Your bag, too, Chad, in the
summer after middle school.

1085
00:50:18,402 --> 00:50:21,391
How funny that we all end up here.

1086
00:50:21,392 --> 00:50:23,421
Now, here's the thing.

1087
00:50:23,422 --> 00:50:26,241
A lot of numbers have been thrown around...

1088
00:50:26,242 --> 00:50:29,417
100 for the naming rights, 25
for your name to come down.

1089
00:50:30,546 --> 00:50:33,421
But there is one number that
really matters to me...

1090
00:50:33,422 --> 00:50:35,190
16.

1091
00:50:36,909 --> 00:50:39,441
And we'll see if you still
think it's funny, Chad.

1092
00:50:39,442 --> 00:50:43,391
$16 is what a caddy got paid for a loop.

1093
00:50:43,392 --> 00:50:47,401
Four hours of humping bags,
smelling sour cigars,

1094
00:50:47,402 --> 00:50:49,381
and watching all of you lie to each other

1095
00:50:49,382 --> 00:50:52,341
about your golf scores
in the 95-degree heat,

1096
00:50:52,342 --> 00:50:55,261
but I was happy for the job.

1097
00:50:55,262 --> 00:50:58,291
That 16 bucks... and I
would do two loops a day,

1098
00:50:58,292 --> 00:51:01,261
so it was $32 on a
Saturday, $32 on a Sunday.

1099
00:51:01,262 --> 00:51:03,421
By the end of the weekend,
I'd have 64 bucks.

1100
00:51:03,422 --> 00:51:07,381
16 weekends, memorial to labor day, $1,024.

1101
00:51:07,382 --> 00:51:09,441
That was his spending
money for the entire year.

1102
00:51:09,442 --> 00:51:12,321
He'd stretch it out until the next summer.

1103
00:51:12,322 --> 00:51:14,272
Pretty much.

1104
00:51:15,302 --> 00:51:17,311
Until...

1105
00:51:17,312 --> 00:51:19,301
And you were there for this, Chad...

1106
00:51:19,302 --> 00:51:22,301
Your grandfather asked
me to read a putt on 3.

1107
00:51:22,302 --> 00:51:25,211
It was a left-to-right
leaker, and I told him so.

1108
00:51:25,212 --> 00:51:27,301
I'd seen the putt all summer long.

1109
00:51:27,302 --> 00:51:30,321
He closed the face, pulled
it, missed it by a foot.

1110
00:51:31,008 --> 00:51:32,149
You laughed at him.

1111
00:51:32,649 --> 00:51:34,301
You made fun of his eyesight.

1112
00:51:34,930 --> 00:51:37,221
And he turned to me,

1113
00:51:37,222 --> 00:51:40,231
and he fired me right there.

1114
00:51:40,232 --> 00:51:44,261
Not from the round, but from the club.

1115
00:51:44,262 --> 00:51:47,311
Now, I needed that $16, but
he didn't give a shit.

1116
00:51:47,312 --> 00:51:49,381
Because he was embarrassed
to have missed a putt

1117
00:51:49,382 --> 00:51:50,441
in front of his grandson.

1118
00:51:50,442 --> 00:51:52,251
Are you saying we are here

1119
00:51:52,252 --> 00:51:53,341
because of that ancient bullshit?

1120
00:51:53,342 --> 00:51:55,321
That's right!

1121
00:51:55,322 --> 00:51:57,232
16.

1122
00:51:59,332 --> 00:52:01,261
Which is why I am presenting you

1123
00:52:01,262 --> 00:52:05,391
with a check for $25 million

1124
00:52:05,392 --> 00:52:07,421
minus 16,

1125
00:52:07,422 --> 00:52:10,281
which leaves you with $9 million.

1126
00:52:10,282 --> 00:52:12,271
That is bullshit!

1127
00:52:12,272 --> 00:52:13,361
- This is unacceptable.
- Ellis, this is bullshit.

1128
00:52:13,362 --> 00:52:16,231
We will walk out of here if you
don't honor the full amount.

1129
00:52:16,232 --> 00:52:17,431
No, you won't.

1130
00:52:17,432 --> 00:52:20,231
You need this $9 million.

1131
00:52:20,232 --> 00:52:22,401
Because none of you... not one...

1132
00:52:22,402 --> 00:52:24,381
Has done a single day of work

1133
00:52:24,382 --> 00:52:26,431
from the moment your miserable
prick of a grandfather

1134
00:52:26,432 --> 00:52:29,311
fell facedown in the sand in Palm Beach.

1135
00:52:29,312 --> 00:52:31,943
And after reviewing your holdings,

1136
00:52:31,944 --> 00:52:34,231
your business interests, your debts,

1137
00:52:34,232 --> 00:52:36,231
I know that this check is the only thing

1138
00:52:36,232 --> 00:52:39,281
standing between your
family and bankruptcy.

1139
00:52:39,282 --> 00:52:42,361
So pick it up, put it in your pocket,

1140
00:52:42,362 --> 00:52:44,351
and walk out of here.

1141
00:52:44,352 --> 00:52:46,432
Or I will.

1142
00:52:57,322 --> 00:52:59,321
Let's get out of here.

1143
00:52:59,322 --> 00:53:00,442
Mnh!

1144
00:53:07,302 --> 00:53:09,331
So, now the Axelrod name

1145
00:53:09,332 --> 00:53:13,441
will be forever affixed to
this building for all time.

1146
00:53:13,442 --> 00:53:17,252
Or until some guy richer than
me wants it to come down.

1147
00:53:19,222 --> 00:53:20,441
You really started something.

1148
00:53:37,266 --> 00:53:41,217
Synced & corrected by -robtor-
www.addic7ed.com