1 00:00:07,702 --> 00:00:10,100 Previously on "Billions"... 2 00:00:10,125 --> 00:00:13,209 So, the key to bagging Axe is...? 3 00:00:13,264 --> 00:00:14,131 Pete Decker. 4 00:00:14,217 --> 00:00:17,777 Mr. Decker, we have an awful lot to talk about. 5 00:00:17,829 --> 00:00:19,712 You think you're gonna fucking blackmail me? 6 00:00:19,747 --> 00:00:23,449 You're gonna watch, listen, and report. 7 00:00:23,451 --> 00:00:26,118 We got a subpoena on your folks' investment portfolio, 8 00:00:26,170 --> 00:00:28,721 and it seems that they were in on the Pepsum trade. 9 00:00:28,756 --> 00:00:30,172 Yeah, I'll come in on Monday. 10 00:00:30,208 --> 00:00:32,558 I just lost my mojo somewhere along the line. 11 00:00:32,593 --> 00:00:33,631 It's fucking gone. 12 00:00:33,743 --> 00:00:35,764 Everyone else is up double digits. 13 00:00:37,178 --> 00:00:38,130 I'm down. 14 00:00:38,132 --> 00:00:39,799 You're just listening to the wrong voice. 15 00:00:39,801 --> 00:00:41,780 It's what I like to call the prisoner's dilemma. 16 00:00:41,811 --> 00:00:43,969 No, you don't like to call it that. That's what it's called. 17 00:00:44,021 --> 00:00:46,108 Does no one ever check you on this bullshit? 18 00:00:46,192 --> 00:00:48,428 You have to ask yourself, 19 00:00:49,277 --> 00:00:51,544 "What is he gonna attack next?" 20 00:00:51,579 --> 00:00:55,194 Find a way to bury the son of a bitch. 21 00:00:55,221 --> 00:00:57,221 I haven't been able to get Garth Sykes on the phone. 22 00:00:57,318 --> 00:00:58,751 He bails, it hurts us. 23 00:00:58,786 --> 00:01:01,487 When can I see Axe and talk to him about it? 24 00:01:01,539 --> 00:01:03,222 It's a crush-the-other-guy business. 25 00:01:03,257 --> 00:01:04,811 It's like Highlander. 26 00:01:04,863 --> 00:01:06,295 There can be only one. 27 00:01:07,600 --> 00:01:09,702 I want to give you a short that you're not gonna bail on. 28 00:01:09,756 --> 00:01:10,713 Do you know Cross-Co.? 29 00:01:10,748 --> 00:01:12,498 I don't see the short play. 30 00:01:12,928 --> 00:01:15,668 I don't need you to see it. I need you to do it. 31 00:01:23,077 --> 00:01:26,512 - sync and corrections by Caio - - www.addic7ed.com - 32 00:02:36,250 --> 00:02:37,800 Drop the weapon! Let's see your hands! 33 00:02:37,835 --> 00:02:39,752 Drop the weapon now! 34 00:02:39,804 --> 00:02:41,170 Go! 35 00:02:49,286 --> 00:02:50,610 Yeah. 36 00:02:52,892 --> 00:02:54,219 Okay. Where? 37 00:02:56,520 --> 00:02:58,304 I'm coming. 38 00:03:18,225 --> 00:03:19,992 How you keeping? 39 00:03:26,033 --> 00:03:27,700 I appreciate this. 40 00:03:43,868 --> 00:03:44,727 Okay. 41 00:03:45,403 --> 00:03:48,070 You got something in your stomach now. 42 00:03:48,122 --> 00:03:49,655 The cops are far away. 43 00:03:49,657 --> 00:03:51,991 This is when you tell me what the fuck transpired 44 00:03:51,993 --> 00:03:52,782 inside that head of yours. 45 00:03:53,294 --> 00:03:55,274 I was blowing steam, I guess. 46 00:03:56,907 --> 00:03:58,998 You're not tanking anymore. 47 00:03:59,050 --> 00:04:02,063 I've seen your runs. You pulled past even. 48 00:04:02,420 --> 00:04:03,836 Open road ahead of you. 49 00:04:03,838 --> 00:04:06,571 It was an $8 million day to the good. 50 00:04:09,343 --> 00:04:11,711 I had a drink. Three. 51 00:04:12,596 --> 00:04:14,024 Watched the Yanks lose. 52 00:04:15,766 --> 00:04:19,284 And then there was just... nothing. 53 00:04:19,320 --> 00:04:20,853 You don't feel anything. 54 00:04:20,855 --> 00:04:23,188 Maybe a twinge when I get crushed. 55 00:04:23,190 --> 00:04:24,523 Nothing when I'm up. 56 00:04:24,525 --> 00:04:25,399 It happens. 57 00:04:25,960 --> 00:04:28,527 You ever do this thing where you pull up your positions 58 00:04:28,562 --> 00:04:30,396 and just stare at them on the screen? 59 00:04:30,431 --> 00:04:33,198 Try to really hold on to all that money inside? 60 00:04:33,234 --> 00:04:35,034 No. 61 00:04:35,086 --> 00:04:36,802 Does it make you feel happy when you do? 62 00:04:36,837 --> 00:04:38,704 Like it's enough? 63 00:04:38,739 --> 00:04:39,738 No. 64 00:04:39,774 --> 00:04:41,040 Right. 65 00:04:41,092 --> 00:04:43,509 Because what drives you doesn't understand "enough." 66 00:04:45,429 --> 00:04:48,485 Well, last night, I was doing it... Staring at the numbers. 67 00:04:49,550 --> 00:04:51,860 I look away from the screen, out the window, 68 00:04:52,219 --> 00:04:53,500 and I see them out there, 69 00:04:54,722 --> 00:04:56,805 eating everything we planted 70 00:04:57,641 --> 00:04:59,789 like it's a fucking salad bar for them. 71 00:05:01,219 --> 00:05:03,946 And then just... rage 72 00:05:05,066 --> 00:05:06,953 over how fucking stupid they are. 73 00:05:08,069 --> 00:05:11,070 Eat, move, shit. Eat, move, shit. Repeat. 74 00:05:11,122 --> 00:05:13,238 I mean, how can things that dumb have the gall 75 00:05:13,274 --> 00:05:15,457 to occupy the same space that I do? 76 00:05:15,493 --> 00:05:17,176 Does that one make any sense to you? 77 00:05:18,279 --> 00:05:19,555 Yeah, more than you know. 78 00:05:24,351 --> 00:05:25,834 Is that Pete Decker? 79 00:05:25,886 --> 00:05:26,752 What? 80 00:05:27,610 --> 00:05:29,188 He used to work at Axe. 81 00:05:29,423 --> 00:05:31,323 Do you have business with him? 82 00:05:31,358 --> 00:05:32,424 Which guy? 83 00:05:32,476 --> 00:05:33,592 Decker. There. 84 00:05:36,013 --> 00:05:37,429 I don't know. I guess I missed him. 85 00:05:37,431 --> 00:05:38,931 I love you. 86 00:05:38,933 --> 00:05:40,632 Talk to you, okay? 87 00:05:41,986 --> 00:05:45,321 Look, there won't be any record of what happened here. 88 00:05:46,357 --> 00:05:47,673 It's been worked out. 89 00:05:49,282 --> 00:05:50,509 But I'll remember. 90 00:05:51,495 --> 00:05:52,845 I can't have this. 91 00:05:54,094 --> 00:05:56,477 Can't give the world another reason to hate us. 92 00:05:56,917 --> 00:05:59,852 Can't give a wedge to law enforcement, a way in. 93 00:06:01,205 --> 00:06:02,254 You understand? 94 00:06:04,447 --> 00:06:06,458 Go get yourself coffee. Shower in the gym. 95 00:06:06,510 --> 00:06:09,044 Don't fucking talk about any of this to anyone. 96 00:06:10,297 --> 00:06:13,465 Keep it together. All right? 97 00:06:16,020 --> 00:06:18,303 What you need to know before we even start 98 00:06:18,355 --> 00:06:20,038 is how tight these guys are with each other. 99 00:06:20,074 --> 00:06:22,207 They are grateful, and they're scared. 100 00:06:22,243 --> 00:06:24,576 Let's get started. 101 00:06:24,612 --> 00:06:25,611 This is a proffer session, 102 00:06:25,646 --> 00:06:26,745 otherwise known as Queen for a Day. 103 00:06:27,882 --> 00:06:30,149 As the documents you signed state, 104 00:06:30,201 --> 00:06:31,316 you lay out everything illegal 105 00:06:31,318 --> 00:06:32,718 you've done in the securities industry, 106 00:06:32,753 --> 00:06:34,853 particularly in regards to Axe Capital, 107 00:06:34,889 --> 00:06:38,157 in return for a felony 5K letter-reducing sentence. 108 00:06:38,209 --> 00:06:40,793 If you are untruthful or withholding, 109 00:06:40,828 --> 00:06:42,761 you can and will be prosecuted. 110 00:06:48,719 --> 00:06:51,657 "Sing for your supper and you'll get breakfast in the morn'." 111 00:06:54,308 --> 00:06:57,843 But what they don't spell out in that, uh, fine show stopper 112 00:06:57,845 --> 00:07:01,246 is what happens when you decide that you forgot the tune. 113 00:07:02,683 --> 00:07:06,485 Well, then you go to jail, Pete, and so do mom and dad. 114 00:07:08,422 --> 00:07:11,023 So, is it prison or start talking? 115 00:07:13,194 --> 00:07:15,508 Just another schnook running his own money. 116 00:07:16,363 --> 00:07:18,594 Fucking egg noodles with ketchup. 117 00:07:20,634 --> 00:07:23,602 Okay. Let's do this. 118 00:07:23,838 --> 00:07:26,705 How does the day start at Axe Capital? 119 00:07:26,707 --> 00:07:28,207 What does Axe do? 120 00:07:28,209 --> 00:07:30,676 The real answer is anything he wants. 121 00:07:31,679 --> 00:07:33,045 When you're at his level, 122 00:07:33,097 --> 00:07:35,597 you're more like a nation-state than a person. 123 00:07:35,633 --> 00:07:37,966 There is no schedule he's following. 124 00:07:38,018 --> 00:07:39,768 I mean, when he shows up, the meeting starts. 125 00:07:39,803 --> 00:07:41,553 I got it. He's rich. Let's go. 126 00:07:41,605 --> 00:07:42,554 Rich? 127 00:07:42,606 --> 00:07:43,889 Rich is a Marquis Jet card, 128 00:07:43,941 --> 00:07:45,774 uh, flying out East on a chopper. 129 00:07:45,809 --> 00:07:48,227 This is more like, "Hey, I want a cheesesteak. 130 00:07:48,229 --> 00:07:49,461 Send some guy to Philly 131 00:07:49,496 --> 00:07:50,729 and bring them back for everyone." 132 00:07:50,781 --> 00:07:51,886 Jim's or Shank's? 133 00:07:51,972 --> 00:07:54,006 Both. And Tony Luke's. 134 00:07:54,235 --> 00:07:57,486 The fact is, he does not need to call meetings. 135 00:07:57,538 --> 00:07:59,621 Everywhere he goes, they form around him. 136 00:07:59,657 --> 00:08:02,241 I mean, he's like a... Like an aircraft carrier 137 00:08:02,243 --> 00:08:03,625 in the center of a strike group. 138 00:08:03,661 --> 00:08:04,743 When he turns left, 139 00:08:04,745 --> 00:08:06,478 battleships, destroyers, subs, 140 00:08:06,513 --> 00:08:08,247 they all turn left with him. 141 00:08:08,299 --> 00:08:09,298 - I could use a coffee. - Yeah. 142 00:08:09,333 --> 00:08:11,250 - Anyone else? - In a minute. 143 00:08:11,252 --> 00:08:12,417 Keep going. 144 00:08:13,671 --> 00:08:15,087 You just don't know where his focus is gonna stand. 145 00:08:15,139 --> 00:08:16,755 Sometimes, you hope it lands on you. 146 00:08:16,807 --> 00:08:18,557 Sometimes, you wish you were invisible. 147 00:08:18,592 --> 00:08:22,427 Because when it does land on you, he sees everything. 148 00:08:22,479 --> 00:08:24,196 No, no. 149 00:08:24,231 --> 00:08:26,798 I did get the offer, but I did turn it down. 150 00:08:26,834 --> 00:08:28,350 That's what I was coming to tell you. 151 00:08:28,402 --> 00:08:29,601 Good. 152 00:08:29,603 --> 00:08:31,103 Because it seemed like maybe you were trying to tell me 153 00:08:31,155 --> 00:08:33,105 if I didn't match it, you were gonna leave. 154 00:08:33,107 --> 00:08:35,340 No, I was... trying to be loyal. 155 00:08:35,376 --> 00:08:37,859 You don't try to be loyal. You just are. 156 00:08:37,912 --> 00:08:38,877 Or you're not. 157 00:08:38,913 --> 00:08:40,607 I am. 158 00:08:41,582 --> 00:08:43,782 Well, that's heartening, Mafee. 159 00:08:46,553 --> 00:08:47,819 Information flow. 160 00:08:47,855 --> 00:08:49,621 When you are Bobby Axelrod, 161 00:08:49,673 --> 00:08:51,506 you don't chase information. 162 00:08:51,542 --> 00:08:53,292 Information flows to you. 163 00:08:53,294 --> 00:08:55,727 - What kind? - All kinds. 164 00:08:55,763 --> 00:08:57,796 It could be an owner of a sports team 165 00:08:57,798 --> 00:08:59,464 inviting him to sit in a box 166 00:08:59,466 --> 00:09:00,899 at a... at an all-star game 167 00:09:00,935 --> 00:09:02,801 or some leader of an African republic 168 00:09:02,803 --> 00:09:04,412 looking for a-a handout. 169 00:09:04,905 --> 00:09:07,306 While the rest of us are plugging away, ants, 170 00:09:07,358 --> 00:09:08,740 he sees the whole board. 171 00:09:09,764 --> 00:09:10,530 Hey. 172 00:09:10,811 --> 00:09:12,377 You always said to call this number, 173 00:09:12,413 --> 00:09:15,213 and only this number, in a circumstance like this. 174 00:09:18,319 --> 00:09:19,404 I understand. 175 00:09:20,871 --> 00:09:22,764 This has to be an in-person conversation. 176 00:09:23,657 --> 00:09:25,240 I'll tell you a time and place. 177 00:09:26,210 --> 00:09:28,060 Hey, and thanks for the call, Constantine. 178 00:09:28,095 --> 00:09:29,350 You're a good friend. 179 00:09:29,997 --> 00:09:31,997 You never really know what he's doing or why. 180 00:09:32,639 --> 00:09:33,665 I mean, he says he's going to Morocco 181 00:09:33,667 --> 00:09:35,100 to check out a seven-star hotel, 182 00:09:35,135 --> 00:09:37,085 but then you find out he's really in Hangzhou 183 00:09:37,137 --> 00:09:38,170 making a web-portal play. 184 00:09:38,222 --> 00:09:39,721 Oh, hey. Pouch needs a minute with you. 185 00:09:39,757 --> 00:09:40,973 Later. 186 00:09:41,008 --> 00:09:43,592 Metallica's playing one North American gig this year. 187 00:09:43,644 --> 00:09:44,743 Tonight. Quebec. 188 00:09:44,778 --> 00:09:45,944 We going? 189 00:09:45,980 --> 00:09:47,980 You're half right. You got the conn, brother. 190 00:09:48,015 --> 00:09:49,247 And like I always say... 191 00:09:49,283 --> 00:09:51,600 Don't fuck it up. I know. 192 00:09:57,941 --> 00:09:59,658 - There he is! - Hey! 193 00:09:59,693 --> 00:10:00,692 There he is! 194 00:10:02,796 --> 00:10:04,296 Kill 'em all, baby! 195 00:10:04,331 --> 00:10:05,864 - Whoo-hoo! - Yeah, kill 'em all! 196 00:10:05,916 --> 00:10:07,366 Axe! 197 00:10:07,418 --> 00:10:10,035 Fuck, fellas. It is good to see you. 198 00:10:10,087 --> 00:10:11,953 - How are you, bro? - Metallica? Holy shit. 199 00:10:12,006 --> 00:10:13,672 I couldn't be more psyched if you told me 200 00:10:13,707 --> 00:10:16,041 Jillian Barberie was gonna ride my face like American Pharoah. 201 00:10:16,093 --> 00:10:17,626 That's beautiful. I want that on my tombstone. 202 00:10:17,678 --> 00:10:18,543 All yours. 203 00:10:18,595 --> 00:10:19,878 Hey, where's Freddy? Not coming? 204 00:10:19,930 --> 00:10:21,046 Yeah, he's late, as usual. 205 00:10:21,048 --> 00:10:22,764 Yeah, you know what? We should leave his ass. 206 00:10:22,800 --> 00:10:24,383 Rule is if a guy is flying you somewhere, 207 00:10:24,435 --> 00:10:26,351 he gets to show up last, step on the plane, 208 00:10:26,387 --> 00:10:27,853 close the door, take off, right? 209 00:10:27,888 --> 00:10:29,821 If you own the plane, you don't wait. 210 00:10:29,857 --> 00:10:31,189 That's the rules, but not for you guys. 211 00:10:31,225 --> 00:10:33,358 Never for you guys. Come on. 212 00:10:35,562 --> 00:10:37,729 Ah, that's not Freddy. Shit. 213 00:10:40,784 --> 00:10:41,900 Dude. 214 00:10:41,902 --> 00:10:43,735 How far do I have to go not to be bothered? 215 00:10:43,737 --> 00:10:44,836 I wanted to catch you... 216 00:10:44,872 --> 00:10:46,471 - Sorry I'm late, man. - Freddy! 217 00:10:46,507 --> 00:10:47,989 Freddy! Hey, what's up, brother? 218 00:10:48,042 --> 00:10:49,574 - Hey. - Hey, jump on. Jump on. 219 00:10:49,576 --> 00:10:51,243 - I'll be there in a sec. - Okay. 220 00:10:51,245 --> 00:10:54,012 Have to talk about the Cross-Co. short. 221 00:10:54,048 --> 00:10:55,247 I didn't understand the play 222 00:10:55,299 --> 00:10:56,415 when you had me make it. 223 00:10:56,467 --> 00:10:57,466 Now I do. 224 00:10:57,501 --> 00:10:58,917 We should get out of the position. 225 00:10:58,969 --> 00:11:00,419 I'd never do that. 226 00:11:00,471 --> 00:11:02,421 It's the only way to eliminate potential conflict of interest. 227 00:11:02,423 --> 00:11:04,723 - There's no conflict. - Come on. 228 00:11:04,758 --> 00:11:06,091 It won't look good. 229 00:11:06,143 --> 00:11:07,926 You set the position then jump onto the board of YumTime. 230 00:11:07,978 --> 00:11:09,594 If I made moves... 231 00:11:09,596 --> 00:11:11,430 ...based on what looked good, 232 00:11:11,432 --> 00:11:13,231 I'm damn sure I wouldn't have this puppy right here. 233 00:11:13,267 --> 00:11:14,516 And I'm on lots of boards. 234 00:11:15,853 --> 00:11:17,235 Those don't have contracts they're dumping 235 00:11:17,271 --> 00:11:18,837 with Cross-Co. Trucking. 236 00:11:21,442 --> 00:11:23,108 A guy I talked to 237 00:11:23,160 --> 00:11:24,443 who traffics in the name 238 00:11:24,445 --> 00:11:26,027 says he's hearing whispers 239 00:11:26,080 --> 00:11:27,546 the contract's going to be cancelled. 240 00:11:27,581 --> 00:11:29,614 This opens us up to contract steering, 241 00:11:29,666 --> 00:11:30,949 manipulation. 242 00:11:30,951 --> 00:11:31,959 It opens me up. 243 00:11:32,453 --> 00:11:35,387 I didn't have the board seat when we took the short position. 244 00:11:35,422 --> 00:11:38,056 And I don't have anything to do with the day-to-day at YumTime 245 00:11:38,092 --> 00:11:39,458 or their contracts with vendors. 246 00:11:39,460 --> 00:11:41,793 There's no paper that says I do. 247 00:11:41,845 --> 00:11:44,713 So, the only thing you're open to is making some money, 248 00:11:44,765 --> 00:11:46,565 which would make a nice change. 249 00:11:47,768 --> 00:11:49,885 Like your wife says, hold the fucking position 250 00:11:49,937 --> 00:11:51,803 until I tell you I'm done. 251 00:11:51,805 --> 00:11:53,772 Come on. Come on. 252 00:11:53,807 --> 00:11:54,890 I guess that meeting's over, huh? 253 00:11:54,942 --> 00:11:56,191 Shotgun! 254 00:11:56,226 --> 00:11:57,476 All right. 255 00:11:58,365 --> 00:12:00,729 Inside information, specifically. 256 00:12:00,781 --> 00:12:02,314 Where is it coming from? 257 00:12:03,417 --> 00:12:05,150 Where does rain come from? 258 00:12:05,202 --> 00:12:07,152 The sky. God himself. 259 00:12:07,204 --> 00:12:12,157 Information comes from everywhere and all at once, 260 00:12:12,209 --> 00:12:13,892 from guys who owe him, 261 00:12:13,927 --> 00:12:17,546 guys he's worked, charmed, hired, paid off for years. 262 00:12:17,581 --> 00:12:20,465 Sell-side traders looking to get a gold star next to their name. 263 00:12:20,501 --> 00:12:21,583 Disgruntled employees, 264 00:12:21,635 --> 00:12:23,335 execs at the company in question, 265 00:12:23,337 --> 00:12:25,837 an analyst covering a stock who feels underpaid. 266 00:12:25,839 --> 00:12:27,839 Like rain, it comes. 267 00:12:27,891 --> 00:12:30,175 Sounds like it's great to be Axe. 268 00:12:30,177 --> 00:12:33,178 It is. But it's a zero-sum game. 269 00:12:33,230 --> 00:12:35,096 Kill and eat or be eaten. 270 00:12:35,149 --> 00:12:36,481 I mean, don't kid yourselves. 271 00:12:36,517 --> 00:12:37,732 These guys are like kings. 272 00:12:37,768 --> 00:12:40,318 Someone is always coming to assassinate them. 273 00:12:44,775 --> 00:12:46,191 You ready, Quince? 274 00:12:46,193 --> 00:12:47,359 Yeah. 275 00:12:47,361 --> 00:12:49,277 But you're gonna love what I just heard 276 00:12:49,329 --> 00:12:51,263 from this British fruit, Farraday, 277 00:12:51,298 --> 00:12:53,098 my guy on the stock loan desk. 278 00:12:53,133 --> 00:12:55,167 Guess which hedge-funder's got himself 279 00:12:55,202 --> 00:12:56,952 in a precarious short, 280 00:12:57,004 --> 00:12:58,537 ripe for a squeeze? 281 00:12:58,539 --> 00:13:00,422 If you're talking Bobby Axelrod, 282 00:13:00,457 --> 00:13:03,708 this just became my favorite round of the year. 283 00:13:03,760 --> 00:13:06,211 - You have details? - I do. 284 00:13:06,213 --> 00:13:09,881 Hit first. And talk. 285 00:13:09,883 --> 00:13:13,318 I want to know what stock I'm running up his ass. 286 00:13:13,353 --> 00:13:17,889 It's a trucking company... Cross-Co. 287 00:13:19,226 --> 00:13:21,459 Right here on the course? 288 00:13:21,495 --> 00:13:23,862 I'm President Emeritus. 289 00:13:23,897 --> 00:13:26,231 I do what I want. 290 00:13:27,284 --> 00:13:29,568 All right. To me. 291 00:13:31,038 --> 00:13:32,003 Come on. 292 00:13:32,039 --> 00:13:32,904 Eat those. 293 00:13:32,906 --> 00:13:34,372 - Wow. - Fuckers. 294 00:13:34,408 --> 00:13:35,740 There's nothing I can do. 295 00:13:35,792 --> 00:13:36,808 It was the only diamond in my hand. 296 00:13:36,843 --> 00:13:38,243 You know I can still read you, 297 00:13:38,245 --> 00:13:39,644 same as in ninth grade, right? 298 00:13:39,680 --> 00:13:41,146 I know when you're lying. 299 00:13:41,181 --> 00:13:42,480 I know when you're telling the truth. 300 00:13:42,516 --> 00:13:44,482 - Which is fucking rare. - Blow me. 301 00:13:44,518 --> 00:13:46,585 - Truthful request. - Exactly. 302 00:13:46,587 --> 00:13:48,420 - Eat another. - Guys, come on. 303 00:13:48,472 --> 00:13:50,472 You even think about letting me win? 304 00:13:50,507 --> 00:13:52,324 - My plane? - Oh, yeah? 305 00:13:52,359 --> 00:13:54,359 When we boxed in my basement, you think about letting me win? 306 00:13:54,394 --> 00:13:56,695 I'd try. 307 00:13:56,730 --> 00:13:58,597 You'd stick your fucking jaw out every time you threw a cross. 308 00:13:58,599 --> 00:13:59,864 It would just, like, sit there, begging to be hit. 309 00:13:59,900 --> 00:14:01,099 Freddy the cheat. 310 00:14:01,151 --> 00:14:04,002 Yeah, but I seem to recall beating all of your asses. 311 00:14:04,037 --> 00:14:05,503 - Indeed. - You had the ape strength. 312 00:14:05,539 --> 00:14:06,938 Ape smell, anyway. 313 00:14:08,442 --> 00:14:10,692 You know, the best thing was is that you always thought 314 00:14:10,744 --> 00:14:11,943 that you were gonna win, Axe, 315 00:14:11,945 --> 00:14:13,511 right up until the moment that you fell. 316 00:14:17,117 --> 00:14:20,118 You know, some of us have changed. 317 00:14:20,170 --> 00:14:22,187 Like when we used to play this, 318 00:14:22,222 --> 00:14:23,872 I always used to try to shoot the moon. 319 00:14:23,924 --> 00:14:24,956 Back then, I was reckless 320 00:14:24,958 --> 00:14:26,541 and, you know, I had nothing to lose, 321 00:14:26,593 --> 00:14:28,126 so I'd risk it all at the same time. 322 00:14:28,128 --> 00:14:31,179 But, you know, not now. 323 00:14:31,214 --> 00:14:34,799 - You're still reckless. - You just mask it better. 324 00:14:34,851 --> 00:14:36,718 You still need to crush, not just win. 325 00:14:36,770 --> 00:14:39,070 Still need to knock me the fuck out in my own basement. 326 00:14:39,106 --> 00:14:41,723 Whoa, Freddy. Take it easy. 327 00:14:41,775 --> 00:14:43,308 What the fuck? 328 00:14:43,310 --> 00:14:45,060 I mean, we used to go at each other hard 329 00:14:45,112 --> 00:14:46,811 all the time out of respect. 330 00:14:46,813 --> 00:14:48,213 That's the kind of friendship it was. 331 00:14:48,248 --> 00:14:50,548 What kind of prick would he be if he took it easy now? 332 00:14:50,584 --> 00:14:52,484 Hey, I'm just pointing out that while he's telling us 333 00:14:52,486 --> 00:14:53,818 he doesn't shoot the moon anymore, 334 00:14:53,870 --> 00:14:56,921 he just shot the fucking moon on us. 335 00:14:59,126 --> 00:15:02,093 Unless you can take this, which you can't. 336 00:15:02,129 --> 00:15:03,561 No. Sh... 337 00:15:03,597 --> 00:15:04,763 Freddy, you're the one who fucked that one up. 338 00:15:04,798 --> 00:15:06,214 I mean, you saw what he was up to. 339 00:15:06,249 --> 00:15:07,832 I mean, I caught on a little bit later, 340 00:15:07,834 --> 00:15:09,901 but I didn't have the cards to do anything about it. 341 00:15:09,936 --> 00:15:10,969 But you did. 342 00:15:11,004 --> 00:15:12,420 I mean, you haven't changed at all. 343 00:15:12,472 --> 00:15:13,638 I mean, y-you were just waiting 344 00:15:13,674 --> 00:15:15,006 for somebody to stop him, like Ike... 345 00:15:15,058 --> 00:15:16,057 - Right. - ...and you were just trying 346 00:15:16,093 --> 00:15:17,175 to preserve your own position. 347 00:15:17,227 --> 00:15:18,777 So, now I'm a dick 'cause I'm trying to win? 348 00:15:18,812 --> 00:15:19,844 - Yes. - Yeah. 349 00:15:19,896 --> 00:15:21,279 - You're the dick. - Yeah. You're the dick. 350 00:15:21,315 --> 00:15:24,582 The king. Who protects his flank? 351 00:15:24,618 --> 00:15:26,618 My client is getting hungry. 352 00:15:26,653 --> 00:15:27,852 You are. 353 00:15:27,904 --> 00:15:30,572 We'll take an hour... in a minute. 354 00:15:30,607 --> 00:15:32,073 Flank. 355 00:15:32,109 --> 00:15:34,526 Prime brokers, trading arms of the big banks. 356 00:15:34,528 --> 00:15:36,528 On paper, they're supposed to serve two functions... 357 00:15:36,530 --> 00:15:38,747 Provide credit and execute trades. 358 00:15:38,782 --> 00:15:39,864 They're like loan sharks 359 00:15:39,866 --> 00:15:41,599 for guys too rich to use loan sharks. 360 00:15:41,635 --> 00:15:43,068 Example. 361 00:15:44,204 --> 00:15:45,704 They let you trade on margin, 362 00:15:45,756 --> 00:15:47,339 lever up your book two, close to three times, 363 00:15:47,374 --> 00:15:48,640 even these days. 364 00:15:48,675 --> 00:15:50,425 And when you stumble, they're there to catch you, 365 00:15:50,460 --> 00:15:52,110 even if it means they take a short-term loss. 366 00:15:52,145 --> 00:15:53,545 Why would they do that? 367 00:15:53,597 --> 00:15:56,548 Their business model is like a casino's. 368 00:15:56,550 --> 00:15:58,116 Take care of the whales. 369 00:15:58,151 --> 00:16:00,218 So, it's in their interest to serve him 370 00:16:00,220 --> 00:16:02,220 in whatever way he needs. 371 00:16:02,222 --> 00:16:04,389 Right up until the whale gets beached. 372 00:16:06,526 --> 00:16:09,611 Wags, Roytan upgraded CXC, Cross-Co. Trucking, 373 00:16:09,646 --> 00:16:10,895 to a "strong buy." 374 00:16:10,947 --> 00:16:11,946 Shit. 375 00:16:11,982 --> 00:16:14,065 That's bad for our short. Target? 376 00:16:14,117 --> 00:16:15,400 They think it could hit $90. 377 00:16:15,402 --> 00:16:17,202 Fuck! 378 00:16:17,237 --> 00:16:19,954 Double scoop of shit. 379 00:16:19,990 --> 00:16:22,107 Look at that e-mail. 380 00:16:22,142 --> 00:16:24,008 They're recalling our shares. 381 00:16:24,044 --> 00:16:25,410 Pulling the fucking rug. 382 00:16:25,412 --> 00:16:26,778 I'm calling Axe. 383 00:16:30,384 --> 00:16:32,183 Hey, Chief. Sorry to bother you. 384 00:16:32,219 --> 00:16:34,919 Roytan analysts pumped it up on Cross-Co., target of $90, 385 00:16:34,971 --> 00:16:37,088 right when the prime e-mailed to take the stock back. 386 00:16:37,140 --> 00:16:38,840 That can't be a coincidence. 387 00:16:38,892 --> 00:16:40,308 No. 388 00:16:40,343 --> 00:16:42,427 Son of a bitch. 389 00:16:42,479 --> 00:16:44,646 It's a short squeeze. 390 00:16:44,681 --> 00:16:47,015 Someone found out about our position. 391 00:16:47,067 --> 00:16:48,867 Guys on the prime broker desks have looser lips 392 00:16:48,902 --> 00:16:51,336 than my first wife after the second kid. 393 00:16:51,371 --> 00:16:53,471 What do you want to do? Bleed some off? 394 00:16:53,507 --> 00:16:54,672 No. We got to hold. 395 00:16:54,708 --> 00:16:56,274 It's gonna pay off big time. 396 00:16:56,309 --> 00:16:59,210 Get the fucking prime broker on the phone right now. 397 00:17:00,447 --> 00:17:01,780 Farraday. Wags and Axe. 398 00:17:01,832 --> 00:17:02,714 Gentlemen. 399 00:17:02,749 --> 00:17:04,783 Don't "gentlemen" me. 400 00:17:04,785 --> 00:17:07,118 We need another day on Cross-Co., plain and simple. 401 00:17:07,170 --> 00:17:09,537 Axe, you know how important your business is to me, 402 00:17:09,589 --> 00:17:12,223 and ordinarily, I would, but we need the shares back now. 403 00:17:12,259 --> 00:17:13,792 Or you can buy in on the market. 404 00:17:13,794 --> 00:17:15,293 Why don't you buy the stock for us 405 00:17:15,345 --> 00:17:16,728 and hold it as a courtesy? 406 00:17:16,763 --> 00:17:19,197 Ordinarily, I'd take the loss for you with a smile, Axe, 407 00:17:19,232 --> 00:17:21,132 but no accommodations. 408 00:17:21,184 --> 00:17:22,901 This one's coming from on high. 409 00:17:22,936 --> 00:17:25,136 - Quincy's office? - No comment. 410 00:17:25,188 --> 00:17:28,640 You are making a $100 million fuck-up here. 411 00:17:28,642 --> 00:17:30,809 You spent years becoming my main prime. 412 00:17:30,861 --> 00:17:31,976 You're losing me now. 413 00:17:32,028 --> 00:17:33,311 I'm pulling my business. 414 00:17:33,313 --> 00:17:34,529 My hands are tied. 415 00:17:34,564 --> 00:17:36,064 If you don't make the borrow on the stock 416 00:17:36,116 --> 00:17:37,115 by opening bell tomorrow, 417 00:17:37,150 --> 00:17:38,399 I've been instructed to buy you in 418 00:17:38,452 --> 00:17:39,551 on your entire position. 419 00:17:42,088 --> 00:17:44,222 This isn't coming from me, Axe. 420 00:17:44,257 --> 00:17:45,156 Axe? 421 00:17:45,208 --> 00:17:46,391 I hung up on the little tool. 422 00:17:46,426 --> 00:17:47,659 Good. 423 00:17:47,694 --> 00:17:48,860 What now? 424 00:17:48,895 --> 00:17:51,229 Scour the 13-F for Cross-Co. 425 00:17:51,264 --> 00:17:53,364 Find me the top 10 shareholders. 426 00:17:53,400 --> 00:17:56,401 Hedge funds, not institutions. 427 00:17:56,436 --> 00:17:58,603 I need someone I can call for these shares. 428 00:17:58,638 --> 00:18:00,004 You got it. 429 00:18:07,347 --> 00:18:08,513 - Hey. - Hey. 430 00:18:08,515 --> 00:18:10,114 Were you in the proffer on Axelrod this morning? 431 00:18:10,150 --> 00:18:11,282 No. Why? 432 00:18:11,318 --> 00:18:12,233 Who was it with? 433 00:18:12,269 --> 00:18:14,185 Are they signing up a cooperator? 434 00:18:14,187 --> 00:18:15,887 I could get a jump on the release. 435 00:18:17,023 --> 00:18:18,356 You'll find out when it's time to find out. 436 00:18:18,358 --> 00:18:20,859 Of course. 437 00:18:25,198 --> 00:18:27,532 So, what happened on the plane, man? 438 00:18:27,534 --> 00:18:29,701 Oh, nothing I'm bothering you with. 439 00:18:29,703 --> 00:18:31,536 Oh, come on. 440 00:18:31,538 --> 00:18:33,955 When I thought that Cynthia was cheating on me, 441 00:18:34,007 --> 00:18:35,039 who'd I turn to? 442 00:18:35,041 --> 00:18:36,090 Yeah, but... 443 00:18:36,126 --> 00:18:37,542 Now, look, dude, 444 00:18:37,594 --> 00:18:39,010 I can see it in your face 445 00:18:39,045 --> 00:18:41,312 that this isn't some typical speed bump. 446 00:18:41,348 --> 00:18:43,598 Someone's trying to fuck me. 447 00:18:43,633 --> 00:18:45,216 Oh, so it is just like Cynthia. 448 00:18:47,220 --> 00:18:48,887 Yeah, but it's more expensive. 449 00:18:48,939 --> 00:18:50,121 I'm being short squeezed. 450 00:18:50,156 --> 00:18:51,389 Okay. 451 00:18:51,391 --> 00:18:54,275 Uh, someone's trying to make a stock go up, 452 00:18:54,311 --> 00:18:56,027 and I need it to go down. 453 00:18:56,062 --> 00:18:57,278 If you short a stock, 454 00:18:57,314 --> 00:18:59,731 you borrow someone's shares who has them, 455 00:18:59,733 --> 00:19:01,466 betting that the stocks are gonna go down. 456 00:19:01,501 --> 00:19:03,618 But sometimes, the stocks go up, 457 00:19:03,653 --> 00:19:05,904 then you have to buy in at the market price. 458 00:19:05,906 --> 00:19:07,906 And sometimes, the stocks just keep going up. 459 00:19:07,908 --> 00:19:08,873 Right. 460 00:19:08,909 --> 00:19:10,792 Being squeezed on a stock, Axe? 461 00:19:10,827 --> 00:19:12,310 Yeah, they're trying. 462 00:19:12,345 --> 00:19:14,979 Eh, they're always trying. 463 00:19:16,416 --> 00:19:18,483 Oh, yeah. 464 00:19:18,518 --> 00:19:20,335 This is Purple Urkle. 465 00:19:21,421 --> 00:19:24,255 THC level... 24.3%. 466 00:19:24,307 --> 00:19:26,324 - Ooh! - It's connoisseur cut. 467 00:19:26,359 --> 00:19:27,926 You guys said something about golf. 468 00:19:27,928 --> 00:19:29,594 This will be beautiful out on the links. 469 00:19:29,596 --> 00:19:30,595 Oh, yeah. 470 00:19:30,597 --> 00:19:32,764 One step closer? Whoo-hoo! 471 00:19:32,766 --> 00:19:35,149 Yeah, his life goal is to play on at least one course 472 00:19:35,185 --> 00:19:36,684 in every country on the planet. 473 00:19:36,736 --> 00:19:39,003 - And then... - Augusta, baby! 474 00:19:39,039 --> 00:19:40,405 - Gentlemen, have fun. - Will do. 475 00:19:40,440 --> 00:19:43,107 Guys, you go on ahead of me. I got to make a call. 476 00:19:43,109 --> 00:19:44,525 I know who's squeezing me. 477 00:19:44,578 --> 00:19:46,344 Chuck Rhoades' goddamn father. 478 00:19:46,379 --> 00:19:47,662 Augusta. 479 00:19:47,697 --> 00:19:49,781 I just flashed on the last time I played it. 480 00:19:49,833 --> 00:19:51,950 Farraday's boss, Quincy, and Rhoades Sr. 481 00:19:51,952 --> 00:19:54,552 In the clubhouse together, drinking fucking Azaleas. 482 00:19:54,588 --> 00:19:56,521 Crusty old bastard's coming after you. 483 00:19:56,556 --> 00:19:57,956 Feels like it. 484 00:19:58,008 --> 00:20:00,425 So, big shareholders of CXC. 485 00:20:00,460 --> 00:20:01,459 Yeah, you found one? 486 00:20:01,511 --> 00:20:03,378 Yeah, but you're not gonna like it. 487 00:20:03,430 --> 00:20:04,696 Ken Malverne at Vista Verde. 488 00:20:04,731 --> 00:20:06,798 Fuck! 489 00:20:11,438 --> 00:20:13,554 All right. Get with his office. 490 00:20:13,607 --> 00:20:15,607 Have him call me as soon as he can talk. 491 00:20:15,642 --> 00:20:17,141 You're gonna make a deal with that devil? 492 00:20:17,143 --> 00:20:18,726 Gonna try. 493 00:20:18,778 --> 00:20:20,812 Garth Sykes called about our exposure on Cross-Co. 494 00:20:20,814 --> 00:20:21,696 He's looking for you. 495 00:20:21,731 --> 00:20:23,081 This kind of shit worries him. 496 00:20:23,116 --> 00:20:25,116 You usually handle the worries. 497 00:20:25,151 --> 00:20:26,150 But today, you are. 498 00:20:37,881 --> 00:20:40,381 My sources says that Rhoades is proffering a witness 499 00:20:40,417 --> 00:20:41,432 against Axe Capital. 500 00:20:41,468 --> 00:20:42,834 Who? 501 00:20:42,886 --> 00:20:44,585 I don't know yet. I will. 502 00:20:44,638 --> 00:20:45,603 Find out. 503 00:20:45,639 --> 00:20:47,672 Also, 504 00:20:47,674 --> 00:20:49,474 I have reason to believe that Rhoades, Sr. 505 00:20:49,509 --> 00:20:50,925 Is making a play against me. 506 00:20:50,977 --> 00:20:53,394 Use it. Go after him. 507 00:20:54,514 --> 00:20:56,514 Well, I'm gonna see if we're gonna hold these gains 508 00:20:56,566 --> 00:20:57,565 here in the futures market... 509 00:20:57,600 --> 00:20:59,017 Hey, I thought you'd left. 510 00:20:59,069 --> 00:21:00,184 I was waiting for you. 511 00:21:00,186 --> 00:21:01,152 Hey, you see this? 512 00:21:01,187 --> 00:21:02,153 Cross-Co. is on a run. 513 00:21:02,188 --> 00:21:05,690 - Are you... Are you concerned? - Turn that shit off. 514 00:21:05,742 --> 00:21:07,525 Come on. Let's go. 515 00:21:27,347 --> 00:21:28,312 Yeah? 516 00:21:28,348 --> 00:21:29,297 Oh, sorry. 517 00:21:29,349 --> 00:21:31,349 I... Donna wasn't out there, 518 00:21:31,384 --> 00:21:34,135 and I have some AUSA quotes for your approval. 519 00:21:34,187 --> 00:21:35,953 Not now. 520 00:22:38,451 --> 00:22:39,851 What the fuck are you doing? 521 00:22:39,886 --> 00:22:42,453 Shit, I-I... Shit. 522 00:22:42,455 --> 00:22:44,288 I don't want to go to jail. 523 00:22:44,340 --> 00:22:45,790 Well, that's where you're going. 524 00:22:45,842 --> 00:22:47,692 Oh, there might be a path to rehab. 525 00:22:47,727 --> 00:22:51,229 She was compromised. She wasn't paid off. 526 00:22:51,264 --> 00:22:53,931 But, uh, this is an attack, any way we look at it. 527 00:22:53,967 --> 00:22:54,882 We need to move on it right away. 528 00:22:54,934 --> 00:22:56,017 You do. 529 00:22:56,052 --> 00:22:58,736 I can handle this proffer session myself. 530 00:22:58,772 --> 00:23:00,071 How did he make contact? 531 00:23:00,106 --> 00:23:02,273 He texts me. 532 00:23:02,308 --> 00:23:03,524 And he makes me tell him 533 00:23:03,560 --> 00:23:05,393 about every single financial case, 534 00:23:05,445 --> 00:23:06,377 all the big ones. 535 00:23:06,412 --> 00:23:08,146 We'll run the phone number. 536 00:23:08,148 --> 00:23:09,704 It'll come up a burner, but we'll run it. 537 00:23:09,743 --> 00:23:11,220 He tells me when and where to meet. 538 00:23:11,309 --> 00:23:13,134 Well, this time, you're texting him. 539 00:23:13,369 --> 00:23:15,720 And you tell him that you have something big. 540 00:23:15,755 --> 00:23:17,388 All right? 541 00:23:17,423 --> 00:23:19,157 You know, compromised or not, 542 00:23:19,159 --> 00:23:20,908 this was a personal betrayal. 543 00:23:20,960 --> 00:23:23,161 For all of us. 544 00:23:25,582 --> 00:23:28,916 Well, we are watching shares of Cross-Co. Pop this morning 545 00:23:28,968 --> 00:23:31,669 after unconfirmed reports from a trucking-industry blog 546 00:23:31,671 --> 00:23:34,338 speculating of an acquisition of CXC... 547 00:23:34,390 --> 00:23:36,090 - ...by trucking behemoth 548 00:23:36,142 --> 00:23:37,308 JT Hunsicker. 549 00:23:37,343 --> 00:23:38,843 And yet, other reports indicate 550 00:23:38,895 --> 00:23:40,728 that Hunsicker has an exclusive... 551 00:23:40,763 --> 00:23:43,231 Oh, yeah. Of course I'm watching it, Quince. 552 00:23:43,266 --> 00:23:45,283 Hell, I'm bathing in it. 553 00:23:45,318 --> 00:23:47,952 ...billion dollars, or about $90 a share... 554 00:23:47,987 --> 00:23:51,823 It's good to be alive, huh? 555 00:23:54,244 --> 00:23:55,860 Spyros. 556 00:23:55,912 --> 00:23:56,861 Look at the action on 557 00:23:56,863 --> 00:23:58,362 Cross-Co. trucking. 558 00:23:58,364 --> 00:24:00,164 Cross-Co. Trucking? What about it? 559 00:24:01,534 --> 00:24:04,252 Hello? Hello? 560 00:24:09,142 --> 00:24:10,958 Look at this, man. 561 00:24:11,010 --> 00:24:12,109 Oh, yeah. 562 00:24:12,145 --> 00:24:14,378 - Holy shit. - Whoa! 563 00:24:14,380 --> 00:24:15,763 The band's really excited you're getting to see this. 564 00:24:15,798 --> 00:24:16,848 Oh, man. 565 00:24:16,883 --> 00:24:18,099 That's the opening act setting up right now, 566 00:24:18,134 --> 00:24:19,467 and then Metallica will check. 567 00:24:19,519 --> 00:24:20,768 Oh, okay. 568 00:24:20,803 --> 00:24:22,019 You guys can help yourself to anything here while you wait. 569 00:24:22,055 --> 00:24:23,387 - Great. Thank you. - Yeah. I'm already there. 570 00:24:23,389 --> 00:24:24,555 - Thank you. Thank you. - Already there. 571 00:24:24,607 --> 00:24:25,606 Oh, yeah. 572 00:24:25,642 --> 00:24:26,891 Ooh. 573 00:24:26,943 --> 00:24:29,443 Ooh. Beer? 574 00:24:33,783 --> 00:24:35,066 All right. I'll supervise. 575 00:24:35,068 --> 00:24:36,734 You guys need some supervision. 576 00:24:38,071 --> 00:24:39,237 Oh, hello, ladies. 577 00:24:39,239 --> 00:24:41,138 Hey. How you doing? 578 00:24:41,174 --> 00:24:43,608 You're not going hunting? 579 00:24:44,661 --> 00:24:47,879 No. No, I'm here for the band. 580 00:24:47,914 --> 00:24:48,846 Bobby. 581 00:24:48,882 --> 00:24:51,053 Elise. I'm here for the band, too. 582 00:24:51,184 --> 00:24:52,901 You want to pass me a water? 583 00:24:55,521 --> 00:24:58,389 I practically wore out my Ride the Lightning CD 584 00:24:58,424 --> 00:24:59,724 by the time I was 12, 585 00:24:59,759 --> 00:25:02,760 so this is basically my childhood dream come true. 586 00:25:02,812 --> 00:25:04,178 I can die after tonight. 587 00:25:04,230 --> 00:25:05,930 I wore that album out, too. 588 00:25:05,932 --> 00:25:06,931 Yeah, okay. 589 00:25:06,983 --> 00:25:09,000 Best song. 590 00:25:09,035 --> 00:25:11,102 -Fade to Black. - Wrong. 591 00:25:11,154 --> 00:25:12,436 Creeping Death. 592 00:25:12,488 --> 00:25:15,206 But yours is respectable. Classic. 593 00:25:15,241 --> 00:25:17,775 Well, you can't beat a classic. 594 00:25:17,777 --> 00:25:19,477 Friends, cars, music. 595 00:25:20,780 --> 00:25:22,246 New things can be fun, too. 596 00:25:23,716 --> 00:25:26,617 Unless you're afraid of change. 597 00:25:26,619 --> 00:25:28,202 Oh, I'm not afraid of much, 598 00:25:28,254 --> 00:25:30,004 and I can change in an instant, 599 00:25:30,039 --> 00:25:32,089 but, uh, not just for the fuck of it. 600 00:25:33,927 --> 00:25:35,927 Sometimes, you just got to make the change blindly 601 00:25:35,962 --> 00:25:38,429 and pray that it all goes well. 602 00:25:38,464 --> 00:25:40,398 And most of the time, it does. 603 00:25:40,433 --> 00:25:41,966 Or it blows up in your face. 604 00:25:41,968 --> 00:25:44,685 Yeah. It can. 605 00:25:44,721 --> 00:25:46,971 It takes guts to make change. 606 00:25:48,474 --> 00:25:50,474 That's also called progress. 607 00:25:51,811 --> 00:25:54,078 I think I'll stick with the classics. 608 00:25:54,113 --> 00:25:56,147 Elise, we're ready for you. 609 00:25:56,199 --> 00:25:58,449 Yeah, well, here's the problem... 610 00:25:58,484 --> 00:26:00,401 Who gets to decide? 611 00:26:00,453 --> 00:26:02,053 You wouldn't want to miss one. 612 00:26:02,088 --> 00:26:03,888 I'm pretty good at spotting 'em. 613 00:26:03,923 --> 00:26:05,957 Yeah, we'll see. 614 00:26:10,163 --> 00:26:11,963 Hey, let's, um... 615 00:26:18,888 --> 00:26:19,887 Okay. 616 00:26:19,922 --> 00:26:21,922 One, two, three, four. 617 00:26:30,016 --> 00:26:33,584 ♪ Out on the streets, that's where we'll meet ♪ 618 00:26:33,619 --> 00:26:37,688 ♪ You make the night, I always cross the line ♪ 619 00:26:37,740 --> 00:26:41,742 ♪ Tighten our belts, abuse ourselves ♪ 620 00:26:41,778 --> 00:26:45,579 ♪ Get in our way, we'll put you on your shelf ♪ 621 00:26:45,615 --> 00:26:49,200 ♪ Another day, some other way ♪ 622 00:26:49,202 --> 00:26:53,537 ♪ We're gonna go, but then we'll see you again ♪ 623 00:26:53,589 --> 00:26:57,208 ♪ I've had enough, we've had enough ♪ 624 00:26:57,210 --> 00:27:00,544 ♪ Cold in vain, she said ♪ 625 00:27:00,596 --> 00:27:03,814 ♪ I knew right from the beginning ♪ 626 00:27:05,518 --> 00:27:07,151 ♪ That you would end up winning ♪ 627 00:27:07,186 --> 00:27:08,886 ♪ I knew... ♪ 628 00:27:08,888 --> 00:27:10,354 Yeah? 629 00:27:10,390 --> 00:27:12,556 Ken Malverne. 630 00:27:12,558 --> 00:27:13,891 You were looking to talk to me? 631 00:27:13,893 --> 00:27:14,809 Cross-Co. Trucking. 632 00:27:14,861 --> 00:27:16,977 ♪ ...through my heart ♪ 633 00:27:19,232 --> 00:27:21,532 ♪ Round and round ♪ 634 00:27:21,567 --> 00:27:26,504 ♪ With love, we'll find a way, just give it time ♪ 635 00:27:26,539 --> 00:27:28,039 You got your balls in a vice on that one, 636 00:27:28,074 --> 00:27:29,273 don't you? 637 00:27:29,308 --> 00:27:31,475 Well, if you heard that, you must know why I'm calling. 638 00:27:31,511 --> 00:27:34,011 Well, it'll be fun hearing you say it. 639 00:27:34,047 --> 00:27:37,481 I need to borrow your shares to keep my short position. 640 00:27:37,517 --> 00:27:38,883 Mm. 641 00:27:38,918 --> 00:27:40,084 What's your proposal? 642 00:27:40,136 --> 00:27:41,469 8%. 643 00:27:41,504 --> 00:27:42,753 8%? 644 00:27:42,805 --> 00:27:44,255 This must really matter to you. 645 00:27:44,307 --> 00:27:45,556 It does. 646 00:27:45,591 --> 00:27:48,342 Well, I'm long the stock, obviously, 647 00:27:48,394 --> 00:27:50,594 which is on quite a little tear, 648 00:27:50,596 --> 00:27:52,346 but if you're right and this company tanks, 649 00:27:52,398 --> 00:27:54,432 my position is screwed and I'll be holding it forever, 650 00:27:54,484 --> 00:27:55,483 waiting for it to recover. 651 00:27:55,518 --> 00:27:59,153 But you're gonna have to... 652 00:27:59,188 --> 00:28:01,605 make it more worth my while 653 00:28:01,657 --> 00:28:03,841 and pad my loss in the near term. 654 00:28:03,876 --> 00:28:06,444 More than 8%? Okay. 10%. 655 00:28:06,446 --> 00:28:08,279 25%. 656 00:28:08,331 --> 00:28:10,364 Twenty-fucking-five?! 657 00:28:10,416 --> 00:28:12,450 Am I a poacher, Axelrod, 658 00:28:12,452 --> 00:28:14,702 or am I your goddamn savior? 659 00:28:14,754 --> 00:28:15,836 Am I a plugger 660 00:28:15,872 --> 00:28:18,289 or am I the smartest guy on this phone call? 661 00:28:18,291 --> 00:28:20,591 How much do you want it? 662 00:28:22,011 --> 00:28:24,228 I want it. Done. 663 00:28:26,682 --> 00:28:28,382 I'm gonna enjoy the hell out of telling this story. 664 00:28:28,434 --> 00:28:29,533 You got your borrow. 665 00:28:29,569 --> 00:28:31,635 Uh-huh. 666 00:28:31,637 --> 00:28:33,137 Hey, Axe? 667 00:28:33,139 --> 00:28:35,372 There can be only one. 668 00:28:40,113 --> 00:28:43,214 Hey, Axe? Are you all right? 669 00:28:43,249 --> 00:28:44,315 Yeah, yeah, yeah. 670 00:28:44,317 --> 00:28:45,900 You know... You know, it's just bullshit. 671 00:28:45,952 --> 00:28:47,451 You know, I came out here to unplug, 672 00:28:47,487 --> 00:28:50,310 but I can't, um, you know, really unplug. 673 00:28:50,335 --> 00:28:53,324 I... Do you mind me... You mind me saying this? 674 00:28:53,326 --> 00:28:55,576 I just thought I'd get to a point where, uh, 675 00:28:55,628 --> 00:28:57,294 you know, I really fly, you know? 676 00:28:57,330 --> 00:28:58,329 Just feel free, 677 00:28:58,331 --> 00:29:00,064 let go of all that earthbound shit 678 00:29:00,099 --> 00:29:01,832 - and just, you know... - I hear you. 679 00:29:01,834 --> 00:29:03,083 ...fly free. 680 00:29:03,136 --> 00:29:05,419 Yeah, you should, man. You should. 681 00:29:05,471 --> 00:29:08,305 How do you do it, man? 682 00:29:08,341 --> 00:29:12,009 Mm, I play, man. I play. 683 00:29:22,488 --> 00:29:26,240 ♪ Harvester of sorrow ♪ 684 00:29:26,275 --> 00:29:27,691 ♪ Language of the mad ♪ 685 00:29:27,693 --> 00:29:31,278 ♪ Harvester of sorrow ♪ 686 00:29:31,330 --> 00:29:32,796 ♪ Language of the mad ♪ 687 00:29:32,832 --> 00:29:35,633 ♪ Harvester of sorrow ♪ 688 00:29:35,668 --> 00:29:37,701 Yeah! 689 00:29:37,703 --> 00:29:40,754 ♪ Harvester of sorrow ♪ 690 00:29:40,790 --> 00:29:42,473 Who gets to talk to Axe? 691 00:29:42,508 --> 00:29:44,875 Anyone can talk to him. 692 00:29:44,877 --> 00:29:46,210 But you better not waste his time, 693 00:29:46,212 --> 00:29:47,244 and you better not be wrong. 694 00:29:48,381 --> 00:29:50,381 These are time-sensitive. 695 00:29:55,888 --> 00:29:58,689 Excuse me a minute. 696 00:30:04,280 --> 00:30:06,780 How fucked are you? 697 00:30:06,816 --> 00:30:08,399 Really fucked. 698 00:30:08,401 --> 00:30:09,833 What do you want? 699 00:30:09,869 --> 00:30:15,713 Your father is fluffing Cross-Co. Trucking stock. 700 00:30:15,765 --> 00:30:17,131 How much is your cut? 701 00:30:17,184 --> 00:30:19,767 Your inheritance is being held in a blind trust 702 00:30:19,803 --> 00:30:21,519 so your financial motives 703 00:30:21,555 --> 00:30:23,972 are beyond reproach while in office. 704 00:30:24,024 --> 00:30:28,309 Uh, if what you're telling me is true, then my cut is none. 705 00:30:28,311 --> 00:30:31,112 Then the S.E.C. will just take down 706 00:30:31,147 --> 00:30:33,147 your father and his confederates. 707 00:30:40,223 --> 00:30:41,389 "Will" take down? 708 00:30:41,424 --> 00:30:43,591 It's not, uh... It's not in the system yet? 709 00:30:43,627 --> 00:30:44,959 It was the end of the day 710 00:30:44,995 --> 00:30:47,095 by the time I'd gotten it all together 711 00:30:47,130 --> 00:30:50,798 with a small, trusted team. 712 00:30:50,834 --> 00:30:52,717 And the reason it really seems to me 713 00:30:52,752 --> 00:30:53,835 that you're involved 714 00:30:53,887 --> 00:30:56,271 is there's someone we care a fuck of a lot about 715 00:30:56,306 --> 00:30:58,172 on the other side getting squeezed. 716 00:30:58,174 --> 00:30:59,891 No. 717 00:30:59,926 --> 00:31:00,909 No, my father would never... 718 00:31:00,944 --> 00:31:02,176 He did. 719 00:31:09,319 --> 00:31:11,853 Did he, uh... Did he sell yet? 720 00:31:11,905 --> 00:31:14,489 No. Not yet. 721 00:31:14,524 --> 00:31:17,659 But when he does... 722 00:31:21,464 --> 00:31:24,799 The block buys in his and his friends' accounts, 723 00:31:24,834 --> 00:31:26,367 the unlikely news 724 00:31:26,369 --> 00:31:30,038 coming at just the right time... 725 00:31:30,090 --> 00:31:32,373 Your father is an esteemed old bull, 726 00:31:32,375 --> 00:31:34,542 and he probably should have been nailed before. 727 00:31:34,544 --> 00:31:36,210 Just get to it. 728 00:31:36,263 --> 00:31:38,446 A little respect. 729 00:31:39,849 --> 00:31:42,984 No, a lot of fucking respect. 730 00:31:43,019 --> 00:31:44,552 Courtesy on Axelrod. 731 00:31:44,588 --> 00:31:45,637 I speak first. 732 00:31:45,689 --> 00:31:48,389 I answer questions first at every presser. 733 00:31:48,425 --> 00:31:50,782 And in the future, if I put you onto a case, 734 00:31:50,784 --> 00:31:52,621 you take it ASAP. 735 00:31:54,291 --> 00:31:55,690 And in the future, if I put you on 736 00:31:55,726 --> 00:31:58,059 Who's the confused dog now? 737 00:32:03,367 --> 00:32:05,200 Tell me about short squeezes. 738 00:32:05,235 --> 00:32:06,568 Why? Because I want to know. 739 00:32:07,788 --> 00:32:09,955 Specific to Axelrod. 740 00:32:11,208 --> 00:32:13,141 Well, no one has successfully squeezed him. 741 00:32:13,176 --> 00:32:14,242 Mm-hmm. 742 00:32:14,294 --> 00:32:15,327 I mean, sure, he's lost on shorts, 743 00:32:15,379 --> 00:32:17,045 but if he takes a big position, 744 00:32:17,080 --> 00:32:18,213 it's because he knows something. 745 00:32:18,248 --> 00:32:20,215 So, if the squeezers are winning, 746 00:32:20,250 --> 00:32:21,800 uh, riding it up...? 747 00:32:21,835 --> 00:32:23,301 They better sell quick, because with Axe, 748 00:32:23,337 --> 00:32:26,421 it's gonna go down at some point soon. 749 00:32:31,428 --> 00:32:33,428 Dad? 750 00:32:33,430 --> 00:32:36,431 I know. 751 00:32:36,433 --> 00:32:39,017 Do not make another phone call tonight. 752 00:32:39,069 --> 00:32:42,020 Do not go on the Internet. 753 00:32:42,072 --> 00:32:45,273 Do not call your broker or make a trade 754 00:32:45,325 --> 00:32:47,659 or do one fucking thing 755 00:32:47,694 --> 00:32:51,947 until I see you first thing in the morning. 756 00:32:51,999 --> 00:32:53,415 And the only words 757 00:32:53,450 --> 00:32:56,451 I want to hear you say are "Okay, son," 758 00:32:56,453 --> 00:33:01,172 and then the phone going dead. 759 00:33:04,795 --> 00:33:07,429 Okay, son. 760 00:34:03,820 --> 00:34:05,754 No. This went bad. 761 00:34:09,860 --> 00:34:11,609 How are you sure? 762 00:34:11,661 --> 00:34:12,660 She knows. 763 00:34:18,535 --> 00:34:21,202 ♪ Come crawling faster ♪ 764 00:34:22,589 --> 00:34:25,540 ♪ Obey your master ♪ 765 00:34:25,592 --> 00:34:26,925 Give it to me! 766 00:34:26,960 --> 00:34:31,129 ♪ Your life burns faster ♪ 767 00:34:31,181 --> 00:34:34,482 ♪ Obey your master, master ♪ 768 00:34:34,518 --> 00:34:38,219 ♪ Master of puppets, I'm pulling your strings ♪ 769 00:34:38,255 --> 00:34:41,389 ♪ Twisting your mind, smashing your dreams ♪ 770 00:34:41,425 --> 00:34:44,325 ♪ Blinded by me, you can't see a thing... ♪ 771 00:34:44,361 --> 00:34:46,778 Hey, Garth. What's up, brother? 772 00:34:46,813 --> 00:34:48,196 Hey, I'm not in the office today, 773 00:34:48,231 --> 00:34:49,798 but believe me, I'm all over this thing. 774 00:34:49,833 --> 00:34:51,566 Sounds like you at the end of the goddamn world. 775 00:34:51,618 --> 00:34:53,485 Listen. 776 00:34:53,537 --> 00:34:54,569 I got people asking 777 00:34:54,621 --> 00:34:56,671 why the hell you've drifted non-compliant. 778 00:34:56,706 --> 00:34:58,706 Well, we notified you as a courtesy. 779 00:34:58,742 --> 00:35:00,575 No, I was notified 780 00:35:00,577 --> 00:35:03,078 because of the 1.5 large that I have with you, 781 00:35:03,130 --> 00:35:05,830 which may not be a lot to you, but it's a mountain to my folks. 782 00:35:05,882 --> 00:35:07,182 Last time I listened to you, 783 00:35:07,217 --> 00:35:09,834 I slapped my name on a building for the ages. 784 00:35:09,886 --> 00:35:13,088 If that isn't enough, maybe the fund isn't for you. 785 00:35:13,090 --> 00:35:14,923 You know, you can go to many other funds 786 00:35:14,925 --> 00:35:17,759 and get 4% nice and fucking quiet. 787 00:35:17,761 --> 00:35:19,160 Go buy some T-bills. 788 00:35:19,196 --> 00:35:21,096 But if you want the high-altitude returns, 789 00:35:21,148 --> 00:35:23,264 you got to be prepared to go where eagles dare. 790 00:35:23,266 --> 00:35:27,569 Your granddaddy made a fortune in bourbon. 791 00:35:27,604 --> 00:35:29,521 Did he fold up shop when they passed the Volstead Act? 792 00:35:29,573 --> 00:35:31,673 How the fuck do you think you got to where you are today? 793 00:35:31,708 --> 00:35:33,825 You think you got a suite in Churchill Downs 794 00:35:33,860 --> 00:35:35,743 because of your winning goddamn personality? 795 00:35:35,779 --> 00:35:37,545 If you want to stay, stay. 796 00:35:37,581 --> 00:35:39,497 You want to pull, then tell me in the morning, 797 00:35:39,533 --> 00:35:42,250 but either way, get off my dick. 798 00:35:49,876 --> 00:35:52,627 My source got burnt, so I don't have any details. 799 00:35:52,679 --> 00:35:55,463 This may be the last thing we get for a long time. 800 00:35:55,515 --> 00:35:57,031 It was Decker who flipped. 801 00:35:57,067 --> 00:35:58,800 They have Pepsum. 802 00:36:00,470 --> 00:36:01,603 Okay. 803 00:36:16,987 --> 00:36:18,736 - Thanks. - No problem. 804 00:36:22,959 --> 00:36:24,959 Hey. 805 00:36:24,995 --> 00:36:26,494 You walked out on me. 806 00:36:26,546 --> 00:36:28,496 That kind of thing could give a girl a complex. 807 00:36:28,548 --> 00:36:30,715 I'm sorry. My loss. 808 00:36:30,750 --> 00:36:33,501 It was a work thing. How was your show? 809 00:36:33,503 --> 00:36:37,172 It was your loss. 810 00:36:37,174 --> 00:36:40,141 Peace offering. What are you drinking? 811 00:36:40,177 --> 00:36:43,428 Your best tequila on the rocks, three limes. On him. 812 00:36:43,480 --> 00:36:45,563 Coming right up. 813 00:36:45,599 --> 00:36:48,349 If it's any consolation, I almost missed Metallica, 814 00:36:48,401 --> 00:36:51,019 and I flew in especially for them and my oldest friends. 815 00:36:51,021 --> 00:36:53,321 That's tragic. Why? 816 00:36:53,356 --> 00:36:55,823 Uh, you don't want to hear about it. 817 00:36:55,859 --> 00:36:58,276 Okay. 818 00:36:58,328 --> 00:37:00,662 You know, the road manager told me who you are. 819 00:37:00,697 --> 00:37:02,997 Not sure what you're worrying about. 820 00:37:03,033 --> 00:37:03,998 I wouldn't be. 821 00:37:04,034 --> 00:37:06,868 Well, you'd be surprised. 822 00:37:06,920 --> 00:37:09,037 At what? How difficult your day job is? 823 00:37:09,039 --> 00:37:11,422 Ludicrous, I know. 824 00:37:13,927 --> 00:37:16,511 Look, I get it. 825 00:37:16,546 --> 00:37:18,846 But I barely have a dime. 826 00:37:18,882 --> 00:37:21,349 And when I want to do something, I do it. 827 00:37:21,384 --> 00:37:23,518 When I want to go somewhere, I go. 828 00:37:23,553 --> 00:37:25,954 I guess I'm just lucky I do what I love. 829 00:37:25,989 --> 00:37:28,556 Yeah, me, too. 830 00:37:28,558 --> 00:37:30,558 Most of the time. 831 00:37:30,610 --> 00:37:34,862 And when I don't, all the choices are mine, 832 00:37:34,898 --> 00:37:36,464 which is the fucked thing. 833 00:37:38,501 --> 00:37:40,535 I think I just figured that out. 834 00:37:40,570 --> 00:37:42,737 Well, this is getting tragic again. 835 00:37:42,739 --> 00:37:45,173 Don't go all Charles Foster Kane on me. 836 00:37:45,208 --> 00:37:47,575 You know, I've never seen it. 837 00:37:47,577 --> 00:37:49,577 Seen Rocky seven times. 838 00:37:49,579 --> 00:37:51,162 But never Kane. 839 00:37:51,214 --> 00:37:54,182 If you, of all people, have never seen Citizen Kane, 840 00:37:54,217 --> 00:37:56,918 you have to, immediately, 841 00:37:56,920 --> 00:37:59,420 projected on a big screen, on film. 842 00:37:59,472 --> 00:38:01,956 That's doctor's orders. 843 00:38:01,992 --> 00:38:03,825 Promise me. 844 00:38:03,860 --> 00:38:06,728 I promise. 845 00:38:13,486 --> 00:38:17,021 I'm not into missed opportunities, just so you know. 846 00:38:17,073 --> 00:38:18,940 Good. Me neither. 847 00:38:18,992 --> 00:38:20,825 And I'm not down with regret, 848 00:38:20,860 --> 00:38:23,778 so wherever you see this night going, 849 00:38:23,830 --> 00:38:25,780 I'm okay with it. 850 00:38:34,591 --> 00:38:36,541 You know what? 851 00:38:36,593 --> 00:38:39,961 If there were two of me, I'd go for this right now. 852 00:38:40,013 --> 00:38:43,798 But there's not. There's just one. 853 00:38:43,800 --> 00:38:45,633 You're married? 854 00:38:45,685 --> 00:38:46,801 Yeah. 855 00:38:46,853 --> 00:38:50,221 And it's a real thing. 856 00:38:50,273 --> 00:38:51,806 Road manager didn't tell me that. 857 00:38:53,610 --> 00:38:56,311 I get it. That's cool. 858 00:38:56,346 --> 00:38:58,646 She must be, uh... 859 00:38:58,698 --> 00:39:02,050 a real classic. 860 00:39:02,085 --> 00:39:04,619 She is. 861 00:39:04,654 --> 00:39:06,821 Fuck. 862 00:39:06,873 --> 00:39:09,824 I don't usually misread situations like this. 863 00:39:09,876 --> 00:39:11,059 Don't. Don't. You didn't. 864 00:39:11,094 --> 00:39:14,879 No, I know. You totally led me on. 865 00:39:14,914 --> 00:39:16,664 And now I'm gonna let it go 866 00:39:16,666 --> 00:39:18,750 because you made the tough choice, 867 00:39:18,802 --> 00:39:19,834 and that's rare. 868 00:39:21,004 --> 00:39:22,837 Your wife is lucky. 869 00:39:23,201 --> 00:39:25,284 Although you know what? You're probably the lucky one. 870 00:39:25,476 --> 00:39:26,642 True. 871 00:39:27,535 --> 00:39:28,717 Don't forget it. 872 00:39:38,321 --> 00:39:40,755 Describe the setup once you left Axe Capital 873 00:39:40,790 --> 00:39:43,825 and hung up your own shingle. 874 00:39:43,860 --> 00:39:46,060 Well after your years of service, 875 00:39:46,096 --> 00:39:48,096 if you leave with the right combination 876 00:39:48,131 --> 00:39:49,597 of loyalty and ass-kissery, 877 00:39:49,632 --> 00:39:51,332 he wishes you well. 878 00:39:51,368 --> 00:39:52,367 And? 879 00:39:54,871 --> 00:39:57,422 He gives you a chunk of capital, seed money, 880 00:39:57,457 --> 00:39:58,539 and in return, 881 00:39:58,591 --> 00:40:00,641 you give him transparency on all your ideas. 882 00:40:00,677 --> 00:40:03,978 You open the kimono, so to speak. 883 00:40:04,013 --> 00:40:05,947 More like a colonoscopy. 884 00:40:05,982 --> 00:40:08,216 He makes bigger, faster moves on all your ideas, 885 00:40:08,218 --> 00:40:09,550 often rendering them useless, 886 00:40:09,552 --> 00:40:11,302 but then the tips start to come in, 887 00:40:11,354 --> 00:40:12,387 and it's all worth it. 888 00:40:12,389 --> 00:40:13,921 Uh-huh. 889 00:40:17,360 --> 00:40:20,328 So, he directs you to make trades on his behalf? 890 00:40:20,363 --> 00:40:22,397 Not exactly. 891 00:40:22,399 --> 00:40:25,900 Just say information starts to show up. 892 00:40:27,287 --> 00:40:29,170 And what does he get in return? 893 00:40:29,205 --> 00:40:30,405 A taste. 894 00:40:30,440 --> 00:40:32,123 A sweet taste. 895 00:40:32,158 --> 00:40:34,275 So, he was an investor with you? 896 00:40:34,310 --> 00:40:36,477 We couldn't find any documentation or linkage. 897 00:40:36,513 --> 00:40:38,913 Not exactly. 898 00:40:38,965 --> 00:40:42,166 There are accounts with names of holding companies, 899 00:40:42,218 --> 00:40:44,218 LLCs, re-insurers on them 900 00:40:44,254 --> 00:40:45,837 that clear to other accounts with other names. 901 00:40:45,889 --> 00:40:48,089 At what point... At what exact moment 902 00:40:48,141 --> 00:40:51,759 did Axelrod instruct you to buy Pepsum Pharmaceuticals? 903 00:40:55,098 --> 00:40:57,064 Never. 904 00:40:57,100 --> 00:41:00,334 What the fuck? What... What the fuck? 905 00:41:00,370 --> 00:41:04,405 You will be prosecuted for lying in this room, Mr. Decker. 906 00:41:04,441 --> 00:41:06,107 He never instructed me. 907 00:41:06,109 --> 00:41:08,810 But you believe it was insider trading? 908 00:41:08,845 --> 00:41:10,044 I know it was. 909 00:41:10,079 --> 00:41:11,546 How? Who told you? 910 00:41:11,581 --> 00:41:13,681 It was a voice on the phone. 911 00:41:16,920 --> 00:41:18,686 If it wasn't Axelrod, who was it? 912 00:41:18,721 --> 00:41:20,755 Well, I can't be 100% sure, 913 00:41:20,790 --> 00:41:23,391 but if I had to guess, it was probably "Dollar" Bill. 914 00:41:23,426 --> 00:41:25,493 Bill Stearn. 915 00:41:25,528 --> 00:41:27,862 Which is odd, because his portfolio 916 00:41:27,897 --> 00:41:32,300 is in industrials and agriculture. 917 00:41:32,302 --> 00:41:34,852 But that is the last thing you need to know 918 00:41:34,888 --> 00:41:36,304 about how this all works. 919 00:41:36,356 --> 00:41:39,140 Because you can't know, not really. 920 00:41:39,192 --> 00:41:41,526 That's why even though I opened up my own place, 921 00:41:41,561 --> 00:41:44,812 I could never have really done it, been him. 922 00:41:44,864 --> 00:41:46,230 There's so much you have to keep in your head... 923 00:41:46,282 --> 00:41:48,616 Balancing, weighing, deciding. 924 00:41:48,651 --> 00:41:51,052 You can't let anyone know all of it, maybe any of it. 925 00:41:51,087 --> 00:41:53,154 I mean, to be Bobby Axelrod 926 00:41:53,206 --> 00:41:56,324 is to keep so much in your head, 927 00:41:56,376 --> 00:41:58,543 just to keep it from blowing up your brain 928 00:41:58,578 --> 00:42:01,496 takes Benedictine-monk-like discipline. 929 00:42:01,498 --> 00:42:04,999 Not sure the Benedictines would dig the comparison. 930 00:42:06,336 --> 00:42:07,802 We're done. 931 00:42:14,310 --> 00:42:16,344 Well, we didn't get what we wanted, but we got something. 932 00:42:16,346 --> 00:42:18,679 Bill Stearn. Get the FBI on him now. 933 00:42:18,681 --> 00:42:21,933 I want this motherfucker's genome mapped. 934 00:42:21,985 --> 00:42:24,569 That is how deep I want this to go. 935 00:42:24,604 --> 00:42:26,604 Find out how he got what he got on Pepsum 936 00:42:26,656 --> 00:42:28,906 and whatever else dirty he may do in this life. 937 00:42:28,942 --> 00:42:30,525 I want to put him on the rack 938 00:42:30,527 --> 00:42:34,128 and stretch him until he gives us Axe. 939 00:42:34,163 --> 00:42:36,797 Constantine, my old friend. 940 00:42:36,833 --> 00:42:39,367 - You showed. - Of course. 941 00:42:39,369 --> 00:42:40,868 You said it was important, 942 00:42:40,870 --> 00:42:43,170 but I knew that meant total disaster. 943 00:42:45,875 --> 00:42:48,109 I have been at Mundia Tel my entire career. 944 00:42:48,144 --> 00:42:50,545 What people thought was bedrock was really bullshit. 945 00:42:50,597 --> 00:42:53,581 But now everyone is going to finally see the truth. 946 00:42:55,852 --> 00:42:57,418 I sensed that you, of all people, 947 00:42:57,453 --> 00:42:58,786 would understand... 948 00:42:58,821 --> 00:43:02,790 and would know what to do with what I'm going to tell you. 949 00:43:02,825 --> 00:43:05,259 So tell me. 950 00:43:12,285 --> 00:43:14,135 Hey. Hey. 951 00:43:14,170 --> 00:43:16,270 Where are the guys? 952 00:43:16,306 --> 00:43:18,789 Uh... after party with the band. 953 00:43:21,294 --> 00:43:23,244 Oh, I picked that up for you. 954 00:43:23,296 --> 00:43:24,912 Thought you'd like it. 955 00:43:24,914 --> 00:43:26,948 Yeah, nice. Thanks. 956 00:43:30,587 --> 00:43:32,136 Thanks, man. 957 00:43:33,423 --> 00:43:35,923 What the fuck's wrong? 958 00:43:35,925 --> 00:43:38,259 I'm in some shit. 959 00:43:38,311 --> 00:43:40,177 I fucked up. 960 00:43:40,229 --> 00:43:41,996 Yeah? Fucked up how? 961 00:43:44,267 --> 00:43:47,318 Um... 962 00:43:47,353 --> 00:43:51,372 I heard your Cross-Co. play on the runway, 963 00:43:51,407 --> 00:43:53,107 and I-I-I jumped on it. 964 00:43:53,142 --> 00:43:54,675 You rode along on my intel? 965 00:43:54,711 --> 00:43:56,844 I piggybacked because I figured you always know. 966 00:43:56,879 --> 00:43:59,046 You stole my fucking idea. 967 00:43:59,082 --> 00:44:00,348 You're like Paulie Pennino. 968 00:44:00,383 --> 00:44:01,282 Who? 969 00:44:01,317 --> 00:44:02,984 Paulie, Adrian's brother, 970 00:44:03,019 --> 00:44:06,220 putting the Shamrock Meats logo on Rocky's robe. 971 00:44:08,324 --> 00:44:12,059 You should've asked, man, like any friend would. 972 00:44:12,095 --> 00:44:13,761 If you had, we could have worked it out 973 00:44:13,796 --> 00:44:15,863 to get you in on this without attracting attention. 974 00:44:15,898 --> 00:44:20,534 Instead, you... you promoted me like someone at work. 975 00:44:20,561 --> 00:44:23,202 They don't get to be here. You do. 976 00:44:23,296 --> 00:44:26,140 I know. I-I know. I fucked up. 977 00:44:26,142 --> 00:44:29,310 I fucked up. 978 00:44:29,312 --> 00:44:33,314 I-I put pretty much everything into that short. 979 00:44:33,316 --> 00:44:35,149 And then, when the stock took off, 980 00:44:35,151 --> 00:44:37,034 it was too late to ask you for help, 981 00:44:37,070 --> 00:44:40,788 and now I-I'm getting a margin call. 982 00:44:40,823 --> 00:44:42,490 Broker's saying I got to make good by morning, 983 00:44:42,492 --> 00:44:43,724 but I can't cover. 984 00:44:43,760 --> 00:44:46,594 I'm ready to... I'm ready to puke all over myself. 985 00:44:46,629 --> 00:44:47,762 How much? 986 00:44:47,797 --> 00:44:49,497 How much do I owe? 987 00:44:49,532 --> 00:44:50,631 Yeah. 988 00:44:50,667 --> 00:44:52,800 I want to know how much our friendship's worth. 989 00:44:59,509 --> 00:45:01,842 I'm in the hole just a little over $210,000. 990 00:45:01,844 --> 00:45:05,312 I'm gonna be pretty much wiped out. 991 00:45:14,691 --> 00:45:16,607 This your brokerage? 992 00:45:16,659 --> 00:45:18,275 Yeah. 993 00:45:28,037 --> 00:45:29,870 I'm sending instructions to my people 994 00:45:29,922 --> 00:45:32,707 to guarantee your margin. 995 00:45:33,710 --> 00:45:34,759 Axe, I... 996 00:45:34,794 --> 00:45:37,928 It'll turn around in the morning. 997 00:45:37,964 --> 00:45:39,714 Stay short. 998 00:45:39,716 --> 00:45:42,550 Don't cover until then. 999 00:45:42,552 --> 00:45:46,387 The thing you got to remember is if a short's going against you, 1000 00:45:46,422 --> 00:45:48,556 you got to be able to withstand the pressure 1001 00:45:48,591 --> 00:45:49,557 or it'll crush you. 1002 00:45:49,592 --> 00:45:52,493 You see it all so clearly. 1003 00:45:52,528 --> 00:45:54,395 I don't lie to myself, 1004 00:45:54,430 --> 00:45:57,765 and I don't hold on to a loser. 1005 00:45:57,800 --> 00:45:59,834 The moment it doesn't feel right, 1006 00:45:59,869 --> 00:46:01,769 I let it go, get away from it. 1007 00:46:09,545 --> 00:46:13,347 Let's call it a night. Plane leaves at 9:30. 1008 00:46:20,473 --> 00:46:22,556 Thanks, man. 1009 00:46:35,605 --> 00:46:36,604 Hey. 1010 00:46:36,606 --> 00:46:37,605 Hey. 1011 00:46:37,657 --> 00:46:39,356 You know, I know you know. 1012 00:46:39,408 --> 00:46:41,776 But, uh, that was Pete Decker today, 1013 00:46:41,828 --> 00:46:43,611 and I'm proffering him. 1014 00:46:43,663 --> 00:46:45,613 In that second, I felt, uh, 1015 00:46:45,665 --> 00:46:47,531 guilty and defensive, 1016 00:46:47,583 --> 00:46:50,668 so I dissembled. 1017 00:46:50,703 --> 00:46:52,286 Oh, I put you in a position. 1018 00:46:52,338 --> 00:46:53,287 I didn't mean to. 1019 00:46:53,289 --> 00:46:55,706 But there were a hundred 1020 00:46:55,758 --> 00:46:59,693 legitimate things you could have said, 1021 00:46:59,729 --> 00:47:01,729 including, "I can't talk about it." 1022 00:47:01,764 --> 00:47:03,798 You're right. 1023 00:47:03,800 --> 00:47:06,350 Not to pile on, but your dad called me. 1024 00:47:06,385 --> 00:47:07,902 Said he's been trying to find you for the last hour. 1025 00:47:07,937 --> 00:47:11,105 Yeah. He texted me six times. 1026 00:47:12,141 --> 00:47:14,442 You know, he has a rare ability... 1027 00:47:14,488 --> 00:47:16,605 It's a gift almost... To push my buttons. 1028 00:47:16,630 --> 00:47:18,646 You know the plans he had for himself 1029 00:47:18,698 --> 00:47:19,980 when he was your age, 1030 00:47:20,032 --> 00:47:22,199 before the fire hit that building. 1031 00:47:22,235 --> 00:47:25,319 When every paper in New York calls you a slum lord, 1032 00:47:25,371 --> 00:47:28,155 it doesn't help out a brand-new political career. 1033 00:47:28,157 --> 00:47:30,374 Now you're it. 1034 00:47:30,409 --> 00:47:32,409 You're the chance to grow his own legend. 1035 00:47:32,461 --> 00:47:35,246 If only you'd get into line and do what he needs you to. 1036 00:47:35,298 --> 00:47:37,832 And if you get chewed up in the process, 1037 00:47:37,834 --> 00:47:39,900 well, hell, it was a good try. 1038 00:47:39,936 --> 00:47:43,003 I just have to keep reminding myself again and again and again 1039 00:47:43,055 --> 00:47:46,974 that he can't help himself, you know, when it comes to me. 1040 00:47:47,009 --> 00:47:48,375 That's right. 1041 00:47:50,229 --> 00:47:53,514 You know... 1042 00:47:53,566 --> 00:47:56,684 you have to remember when it comes to yourself, too... 1043 00:47:56,686 --> 00:47:59,353 When you're raised by someone like that, 1044 00:47:59,405 --> 00:48:03,157 your instincts, no matter how hard you fight them, 1045 00:48:03,192 --> 00:48:06,994 sometimes fall towards self-preservation. 1046 00:48:07,029 --> 00:48:09,430 You end up hurting those you love, too. 1047 00:48:12,201 --> 00:48:15,069 Yeah, I know. 1048 00:48:15,104 --> 00:48:17,171 I'm trying. 1049 00:48:19,175 --> 00:48:21,609 I know. 1050 00:48:34,480 --> 00:48:35,055 Hey. 1051 00:48:35,107 --> 00:48:36,774 I just wanted to see your face, 1052 00:48:36,809 --> 00:48:38,309 hear your voice. 1053 00:48:38,361 --> 00:48:40,060 Here I am. 1054 00:48:41,752 --> 00:48:42,658 How was it? 1055 00:48:43,736 --> 00:48:45,682 Didn't turn out how I thought. 1056 00:48:46,702 --> 00:48:48,485 This trip's given me a lot to think about. 1057 00:48:48,537 --> 00:48:49,737 It'll be good to get home. 1058 00:48:49,789 --> 00:48:52,673 It'll be good to have you home. 1059 00:48:52,708 --> 00:48:54,575 You want to go back to sleep? 1060 00:48:54,610 --> 00:48:56,911 No. 1061 00:48:56,963 --> 00:48:59,079 I'll sit up with you for a bit. 1062 00:49:05,171 --> 00:49:08,672 Bonjour! Housekeeping! 1063 00:49:09,759 --> 00:49:12,259 Hello? Monsieur? 1064 00:49:12,261 --> 00:49:13,677 Service! 1065 00:49:30,780 --> 00:49:33,213 And in a near-term crippling blow for Cross-Co., 1066 00:49:33,249 --> 00:49:34,915 its biggest and longest-running client, 1067 00:49:34,951 --> 00:49:36,333 YumTime Bakeries, 1068 00:49:36,369 --> 00:49:38,552 has announced it is dropping the trucking company, 1069 00:49:38,587 --> 00:49:40,454 citing rampant driver violations, 1070 00:49:40,489 --> 00:49:42,456 even negligence as the cause. 1071 00:49:42,508 --> 00:49:43,791 Guys! Guys! 1072 00:49:43,843 --> 00:49:44,959 Analysts are predicting a major dive 1073 00:49:44,961 --> 00:49:46,226 for the mid-size shipper's stock... 1074 00:49:46,262 --> 00:49:47,628 Guys! 1075 00:49:47,680 --> 00:49:49,463 Axe! 1076 00:49:49,515 --> 00:49:51,849 Breakfast is on me! 1077 00:50:13,556 --> 00:50:15,039 Epic, man. 1078 00:50:16,826 --> 00:50:18,375 That was an all-timer. 1079 00:50:20,997 --> 00:50:22,396 Thanks for bringing us. 1080 00:50:22,431 --> 00:50:25,065 Having you here made the trip, man. 1081 00:50:45,855 --> 00:50:47,688 Well, I waited. 1082 00:50:47,740 --> 00:50:49,289 You pumped the trucking-company stock. 1083 00:50:49,325 --> 00:50:51,358 It's a bare-knuckles brawl. I was just doing... 1084 00:50:51,394 --> 00:50:53,027 Stop. 1085 00:50:54,997 --> 00:50:58,699 Market manipulation, insider trading, fraud. 1086 00:50:58,734 --> 00:51:01,735 You bought it, and you propped it up. 1087 00:51:02,805 --> 00:51:04,905 I'm just goddamn glad that you haven't dumped it yet 1088 00:51:04,940 --> 00:51:06,707 because then it would be a slam-dunk case, 1089 00:51:06,709 --> 00:51:08,175 and there would be absolutely nothing 1090 00:51:08,210 --> 00:51:09,376 that I could do to help you. 1091 00:51:09,378 --> 00:51:13,097 Even if my office chose not to prosecute, 1092 00:51:13,132 --> 00:51:14,765 Eastern wouldn't. 1093 00:51:14,800 --> 00:51:17,301 And as it is, I had to give my neck to an enemy. 1094 00:51:17,353 --> 00:51:19,053 God damn it. 1095 00:51:19,055 --> 00:51:21,522 The S.E.C. may be feckless, but they're not incompetent. 1096 00:51:21,557 --> 00:51:22,806 Where's the stock at? 1097 00:51:22,858 --> 00:51:24,641 Oh, they just made an announcement. 1098 00:51:24,693 --> 00:51:25,726 It's cascading down. 1099 00:51:25,728 --> 00:51:26,894 It is time to dump out. 1100 00:51:26,896 --> 00:51:28,896 Hold it. 1101 00:51:28,898 --> 00:51:30,898 - Come on. - You'll hold it. 1102 00:51:30,950 --> 00:51:33,067 No profit. 1103 00:51:33,119 --> 00:51:34,568 Nothing to entice a prosecutor, 1104 00:51:34,570 --> 00:51:38,005 nothing fancy or flashy to sell a jury. 1105 00:51:38,040 --> 00:51:40,157 The great Charles Rhoades won't be winning this one 1106 00:51:40,209 --> 00:51:41,742 and dazzling the Street once again. 1107 00:51:41,794 --> 00:51:43,961 Don't you get it? Don't you understand? 1108 00:51:43,996 --> 00:51:46,797 This wasn't about me making a few shekels. 1109 00:51:46,832 --> 00:51:49,750 This was about me striking at our common enemy, 1110 00:51:49,802 --> 00:51:51,585 to hurt him where he lives. 1111 00:51:51,587 --> 00:51:52,586 I do understand. 1112 00:51:52,638 --> 00:51:53,921 You want me to get Axe 1113 00:51:53,923 --> 00:51:56,173 because he fucked with your side piece 1114 00:51:56,225 --> 00:51:57,925 and then he beat you. 1115 00:51:57,977 --> 00:52:03,414 For both of us! And I did it because you wouldn't act. 1116 00:52:06,435 --> 00:52:08,268 Oh, Christ. 1117 00:52:08,320 --> 00:52:09,686 It's at $65. 1118 00:52:09,738 --> 00:52:11,321 At least let me take a small piece. 1119 00:52:11,357 --> 00:52:13,273 Not even a fucking taste. 1120 00:52:15,811 --> 00:52:18,178 Okay. 1121 00:52:18,214 --> 00:52:20,414 You've made your point, son. I get it. 1122 00:52:20,449 --> 00:52:21,448 It's not a game. 1123 00:52:21,450 --> 00:52:23,083 I shouldn't have gone off-piste like this. 1124 00:52:23,119 --> 00:52:26,620 But by the time I get out, with commissions, 1125 00:52:26,622 --> 00:52:28,188 - I'll be lucky to break even. - No. 1126 00:52:32,178 --> 00:52:34,595 $55. This is where I bought in. 1127 00:52:34,630 --> 00:52:37,326 It's not a crime anymore. It's a sell-off. 1128 00:52:38,601 --> 00:52:41,018 A little more medicine. 1129 00:52:41,053 --> 00:52:44,171 This is goddamn ridiculous. 1130 00:52:50,179 --> 00:52:51,845 It's below $45. 1131 00:53:02,291 --> 00:53:04,625 Clark, get me out of CXC. 1132 00:53:04,660 --> 00:53:06,560 All of it. 1133 00:53:11,917 --> 00:53:14,334 I just dumped $480,000 on this. 1134 00:53:16,138 --> 00:53:17,638 Axelrod still made 1135 00:53:17,673 --> 00:53:21,475 at least $15 million, despite it all. 1136 00:53:23,395 --> 00:53:25,345 Are you happy now? 1137 00:53:26,982 --> 00:53:29,683 Do I look fucking happy? 1138 00:53:33,189 --> 00:53:36,607 Will you get this son of a bitch already? 1139 00:53:45,301 --> 00:53:48,168 I've got a good one to show you, boss. 1140 00:53:48,204 --> 00:53:49,786 Hey. Good trip? 1141 00:53:49,838 --> 00:53:52,539 Whatever you did to Garth Sykes gentled him down real good. 1142 00:53:52,591 --> 00:53:54,541 He e-mailed, said he's ready to soar with you, 1143 00:53:54,593 --> 00:53:55,959 whatever the fuck that means. 1144 00:54:04,303 --> 00:54:07,454 Sorry. Sorry. 1145 00:54:19,034 --> 00:54:22,135 Eat. Move. 1146 00:54:22,171 --> 00:54:25,989 Shit. Repeat. 1147 00:54:26,041 --> 00:54:27,624 What? 1148 00:54:27,660 --> 00:54:29,309 Sell everything. 1149 00:54:31,046 --> 00:54:32,846 Everything? 1150 00:54:32,881 --> 00:54:34,047 What the fuck happened to you 1151 00:54:34,083 --> 00:54:35,048 while you were gone? 1152 00:54:35,084 --> 00:54:37,417 5% from all our positions 1153 00:54:37,453 --> 00:54:39,386 right across the board, for starters. 1154 00:54:39,421 --> 00:54:41,901 De-lever. But take it slow. 1155 00:54:41,926 --> 00:54:43,492 Control the bleeding. 1156 00:54:44,760 --> 00:54:46,009 Then we'll dump, sector by sector, 1157 00:54:46,061 --> 00:54:48,028 starting with telecom. 1158 00:54:50,432 --> 00:54:52,399 - People will think... - That I'm out. 1159 00:54:56,355 --> 00:54:57,904 So, are you? 1160 00:55:12,116 --> 00:55:15,077 - sync and corrections by Caio - - www.addic7ed.com -