1 00:00:06,993 --> 00:00:09,193 Previously on "Billions"... 2 00:00:09,195 --> 00:00:12,530 The key to bagging Axe is Dollar Bill Stearn. 3 00:00:12,532 --> 00:00:14,766 Bill Stearn bribed the Pepsum researcher 4 00:00:14,768 --> 00:00:17,668 for proprietary information for a drug called Vaccarizine. 5 00:00:17,670 --> 00:00:18,869 I wanna put him on the rack 6 00:00:18,871 --> 00:00:21,504 and stretch him until he gives us Axe. 7 00:00:21,506 --> 00:00:23,273 The good news is this... when you get out of there, 8 00:00:23,275 --> 00:00:25,241 you're starting at $1.4, easy. 9 00:00:25,243 --> 00:00:28,712 - Better news... I'll hire you. - I'm staying. 10 00:00:28,714 --> 00:00:29,746 Still, Wendy's 11 00:00:29,748 --> 00:00:30,747 making things difficult for you. 12 00:00:30,749 --> 00:00:32,783 Why is she still working there? 13 00:00:32,785 --> 00:00:34,183 We started to discuss it. 14 00:00:34,185 --> 00:00:35,484 I've been working there since before we were married 15 00:00:35,486 --> 00:00:37,386 and long before you were in office. 16 00:00:37,388 --> 00:00:39,589 Your value to the firm is absolute. 17 00:00:39,591 --> 00:00:40,723 Stick with me. 18 00:00:42,193 --> 00:00:44,060 I don't wanna be out of line, 19 00:00:44,062 --> 00:00:45,895 but you might wanna consider recusing from this case. 20 00:00:45,897 --> 00:00:48,430 The conflict of interest... it's gonna be an issue. 21 00:00:48,432 --> 00:00:49,531 So what's the minimum investment 22 00:00:49,533 --> 00:00:50,865 for family and friends? 23 00:00:50,867 --> 00:00:53,534 I promised I wouldn't take any money away from Axe. 24 00:00:53,536 --> 00:00:54,903 What if he never finds out? 25 00:00:54,905 --> 00:00:56,270 If they bring an action, 26 00:00:56,272 --> 00:00:58,206 the whole strategy becomes about leveraging a settlement. 27 00:00:58,208 --> 00:00:59,507 I'd never settle. 28 00:00:59,509 --> 00:01:00,508 William Stearn, you are under arrest... 29 00:01:00,510 --> 00:01:01,743 Lawyer. 30 00:01:01,745 --> 00:01:03,311 ...for insider trading and securities fraud. 31 00:01:03,313 --> 00:01:04,412 - Lawyer. - You have the right... 32 00:01:04,414 --> 00:01:06,280 - Lawyer. - ...to remain silent. 33 00:01:12,554 --> 00:01:15,589 - sync and corrections by Caio - - www.addic7ed.com - 34 00:01:36,911 --> 00:01:40,613 Go on ahead. Right through there. 35 00:01:59,098 --> 00:02:00,397 Hello? 36 00:02:08,007 --> 00:02:09,974 You came. 37 00:02:09,976 --> 00:02:11,208 Did I have a choice? 38 00:02:11,210 --> 00:02:12,843 You always have a choice. 39 00:02:30,062 --> 00:02:31,594 Come in. 40 00:02:57,286 --> 00:03:01,322 It's been a weird couple of days. 41 00:03:01,324 --> 00:03:02,757 Yeah. 42 00:03:25,012 --> 00:03:27,179 Hello. 43 00:03:27,181 --> 00:03:30,182 Did you strike a blow for justice today, Mr. Rhoades? 44 00:03:30,184 --> 00:03:31,583 I do believe we did. 45 00:03:31,585 --> 00:03:32,852 You organized this 46 00:03:32,854 --> 00:03:34,419 and then made sure I wasn't there when it happened. 47 00:03:34,421 --> 00:03:35,788 You're welcome. 48 00:03:35,790 --> 00:03:38,023 Did you consider for a second what that was gonna do to me? 49 00:03:38,025 --> 00:03:39,024 Should I go? 50 00:03:39,026 --> 00:03:39,859 - Yes! - Yes. 51 00:03:39,861 --> 00:03:42,227 Okay. 52 00:03:43,529 --> 00:03:45,563 My name, my absence when it happened 53 00:03:45,565 --> 00:03:47,198 puts me under suspicion there forever. 54 00:03:47,200 --> 00:03:48,767 What should I have done? 55 00:03:48,769 --> 00:03:52,603 Told you so that you could be there for an arrest? 56 00:03:52,605 --> 00:03:55,473 And if you had been there, you'd be even more pissed off. 57 00:03:55,475 --> 00:03:57,041 You don't think so, but I know it. 58 00:03:57,043 --> 00:03:58,441 At least then they wouldn't think I knew it was coming. 59 00:03:58,443 --> 00:04:00,477 Oh, they all know it was coming. 60 00:04:00,479 --> 00:04:02,179 It's Judgment Day. 61 00:04:04,216 --> 00:04:07,217 My office is taking an action, and there's nothing 62 00:04:07,219 --> 00:04:09,419 that you or anybody there can do about it. 63 00:04:09,421 --> 00:04:11,922 And when that action is finished, it will be the end. 64 00:04:11,924 --> 00:04:14,324 There will be nothing left. 65 00:04:14,326 --> 00:04:15,858 So what they think of you, 66 00:04:15,860 --> 00:04:17,927 you can see how that might not matter so much. 67 00:04:17,929 --> 00:04:19,495 It's my job. 68 00:04:19,497 --> 00:04:21,097 You're beautiful and talented, 69 00:04:21,099 --> 00:04:22,999 and I'm sure you'll land on your feet. 70 00:04:23,001 --> 00:04:24,733 Fuck you. 71 00:04:27,105 --> 00:04:30,306 Get Emi Kenyon back in here! 72 00:04:43,887 --> 00:04:45,320 Hello? 73 00:05:07,209 --> 00:05:11,510 Yesterday, this company came under attack 74 00:05:11,512 --> 00:05:14,480 by an unscrupulous adversary 75 00:05:14,482 --> 00:05:16,850 who will stop at nothing 76 00:05:16,852 --> 00:05:18,952 to abuse the authority of the state, 77 00:05:18,954 --> 00:05:20,686 take away our freedoms, 78 00:05:20,688 --> 00:05:22,621 and close our doors forever. 79 00:05:22,623 --> 00:05:24,089 And it left us all 80 00:05:24,091 --> 00:05:26,225 wondering one thing... 81 00:05:26,227 --> 00:05:29,494 - What happens next? 82 00:05:33,968 --> 00:05:37,802 Dollar Bill Stearn. 83 00:05:37,804 --> 00:05:40,238 Stingiest multimillionaire on the planet. 84 00:05:41,707 --> 00:05:43,741 Better get ready to pay full price. 85 00:05:47,513 --> 00:05:49,413 Insider trading, securities fraud, 86 00:05:49,415 --> 00:05:52,549 conspiracy, wire fraud. What are we up to? 87 00:05:52,551 --> 00:05:54,285 Uh, 12-year prison term. 88 00:05:54,287 --> 00:05:55,486 Mm. 89 00:05:55,488 --> 00:05:56,653 $9 million fine, 90 00:05:56,655 --> 00:05:58,889 plus civil when it moves to SEC. 91 00:05:58,891 --> 00:06:02,025 Jesus, that's pricey, and that's just the beginning. 92 00:06:02,027 --> 00:06:04,261 They came for Dollar Bill yesterday, 93 00:06:04,263 --> 00:06:07,197 but it was an attack on all of us. 94 00:06:07,199 --> 00:06:08,431 - Right. Right. - Yeah. 95 00:06:08,433 --> 00:06:09,565 - That's right. - Yeah. 96 00:06:09,567 --> 00:06:11,434 - And I feel it. Do you? - Uh-huh. 97 00:06:11,436 --> 00:06:12,769 Yeah. 98 00:06:12,771 --> 00:06:14,003 Any one of us could be next. 99 00:06:14,005 --> 00:06:15,504 We're with you, Bobby! 100 00:06:15,506 --> 00:06:17,139 Yeah! 101 00:06:21,946 --> 00:06:23,512 Do you think this makes me happy, Bill? 102 00:06:23,514 --> 00:06:25,281 You don't need to answer that. 103 00:06:25,283 --> 00:06:26,581 - You happy, Bryan? - Yeah, I'm... 104 00:06:26,583 --> 00:06:27,783 Right? 105 00:06:27,785 --> 00:06:29,985 It doesn't feel right. It doesn't feel fair. 106 00:06:29,987 --> 00:06:34,455 Why you? Why are you sitting in that chair... 107 00:06:34,457 --> 00:06:35,823 and not somebody else? 108 00:06:35,825 --> 00:06:38,293 Today... 109 00:06:38,295 --> 00:06:41,129 we are standing at the precipice. 110 00:06:41,131 --> 00:06:43,697 Today is one day after. 111 00:06:43,699 --> 00:06:48,402 You have one chance to avoid a cell. 112 00:06:48,404 --> 00:06:50,170 Give me Axelrod. 113 00:06:52,207 --> 00:06:55,008 The day after Pearl Harbor, 114 00:06:55,010 --> 00:06:57,644 everybody knew a Japanese invasion would be coming. 115 00:06:57,646 --> 00:07:00,680 Air raid wardens. Anti-aircraft artillery. 116 00:07:00,682 --> 00:07:02,215 Cities blacked out. 117 00:07:02,217 --> 00:07:04,984 Mothers and fathers staying by the door 118 00:07:04,986 --> 00:07:08,254 with baseball bats and kitchen knives, 119 00:07:08,256 --> 00:07:12,058 bellies full of fear of the invading hordes. 120 00:07:12,060 --> 00:07:14,726 I know what he means to you. 121 00:07:14,728 --> 00:07:18,797 I know you're a loyal man, and I admire that. 122 00:07:18,799 --> 00:07:22,500 But this is what you know. 123 00:07:22,502 --> 00:07:26,204 You know he's crooked, and you know he's going down. 124 00:07:26,206 --> 00:07:28,974 But everyone was wrong. 125 00:07:28,976 --> 00:07:31,176 What happened on American soil next? 126 00:07:31,178 --> 00:07:32,577 Nothing. 127 00:07:32,579 --> 00:07:34,346 That's right. 128 00:07:34,348 --> 00:07:36,014 The invasion never came. 129 00:07:36,016 --> 00:07:37,148 Turned out Pearl Harbor was the best 130 00:07:37,150 --> 00:07:39,049 those sneak attacking motherfuckers had. 131 00:07:41,920 --> 00:07:44,788 I have the men. I have the tools. 132 00:07:44,790 --> 00:07:47,458 I have the will. 133 00:07:47,460 --> 00:07:49,994 Now if it's not you, it'll be someone else. 134 00:07:49,996 --> 00:07:52,429 I'll go through your shop, one PM at a time, 135 00:07:52,431 --> 00:07:54,098 pick up every piece of rotten fruit 136 00:07:54,100 --> 00:07:56,732 and squeeze until the juice comes out. 137 00:07:56,734 --> 00:07:59,102 You know. 138 00:07:59,104 --> 00:08:01,437 You know. 139 00:08:01,439 --> 00:08:04,207 So you can cooperate and walk out of here free, 140 00:08:04,209 --> 00:08:07,477 or you can go to jail for no good reason. 141 00:08:09,414 --> 00:08:12,281 You have one chance to make this deal. 142 00:08:12,283 --> 00:08:14,483 A deal won't be on the table tomorrow. 143 00:08:14,485 --> 00:08:18,220 What came next was a war 144 00:08:18,222 --> 00:08:21,056 that unleashed the might of America. 145 00:08:21,058 --> 00:08:24,759 What came next was a victory that left us 146 00:08:24,761 --> 00:08:26,961 as the most powerful nation on Earth. 147 00:08:26,963 --> 00:08:27,996 Fuck, yeah! 148 00:08:33,602 --> 00:08:36,270 No deal. 149 00:08:36,272 --> 00:08:39,407 This company... 150 00:08:39,409 --> 00:08:43,110 This company will not wait for an uncertain future. 151 00:08:43,112 --> 00:08:46,147 We will make our own future! 152 00:08:46,149 --> 00:08:49,249 We will fight back hard. 153 00:08:49,251 --> 00:08:51,484 We will mobilize the war machine. 154 00:08:51,486 --> 00:08:53,853 And those who would try to bring down our house 155 00:08:53,855 --> 00:08:55,821 will see their own houses fall! 156 00:09:10,204 --> 00:09:13,972 The case against my client is entirely without merit. 157 00:09:16,410 --> 00:09:21,946 Bill Stearn bribed a company official 158 00:09:21,948 --> 00:09:24,415 in exchange for material inside information. 159 00:09:24,417 --> 00:09:27,218 It does not get any clearer. 160 00:09:27,220 --> 00:09:31,622 He became friends with a farmer working at a company he covers. 161 00:09:31,624 --> 00:09:35,159 He was so moved by the plight of that man's daughter 162 00:09:35,161 --> 00:09:38,795 that he arranged transportation and medical care for her. 163 00:09:38,797 --> 00:09:41,431 Now if you can convince a jury of citizens 164 00:09:41,433 --> 00:09:44,434 that paying to save the life of a sick child 165 00:09:44,436 --> 00:09:47,036 constitutes an illegal benefit, 166 00:09:47,038 --> 00:09:49,206 then you should go ahead and take us to trial. 167 00:09:52,411 --> 00:09:54,844 My client has no interest in cooperation, 168 00:09:54,846 --> 00:09:57,313 no interest in a plea... 169 00:10:02,820 --> 00:10:06,788 And he does not recognize your authority. 170 00:10:08,993 --> 00:10:11,760 What the fuck does that mean? 171 00:10:14,864 --> 00:10:17,765 Liquidate 2% of the fund immediately. 172 00:10:17,767 --> 00:10:19,066 That's our war chest. 173 00:10:19,068 --> 00:10:22,103 $300 million. Nice rack. Legal defense is paid for. 174 00:10:22,105 --> 00:10:23,704 How many billions are out the door 175 00:10:23,706 --> 00:10:25,039 at the first redemption? 176 00:10:25,041 --> 00:10:27,175 You should gate the whole damn fund 177 00:10:27,177 --> 00:10:28,676 before they start a run on... 178 00:10:41,123 --> 00:10:43,957 We're fucked. 179 00:10:43,959 --> 00:10:46,159 That's not the impression you gave out there. 180 00:10:46,161 --> 00:10:47,527 Pretty tough talk. 181 00:10:47,529 --> 00:10:49,162 You think I'm overreacting? 182 00:10:49,164 --> 00:10:52,498 I think... open war isn't good. 183 00:10:52,500 --> 00:10:54,500 - For who? - For anyone. 184 00:10:59,307 --> 00:11:03,142 I think your whole mentality right now is a mistake. 185 00:11:03,144 --> 00:11:04,242 You're not accepting 186 00:11:04,244 --> 00:11:05,877 that certain things are out of your control. 187 00:11:05,879 --> 00:11:07,145 Damn right I'm not. 188 00:11:07,147 --> 00:11:10,248 And it's causing you to lose more control. 189 00:11:10,250 --> 00:11:12,617 If you wanna get it back, if you really wanna survive this thing, 190 00:11:12,619 --> 00:11:15,520 then you may need to set aside the piece of you that's... 191 00:11:15,522 --> 00:11:18,223 raging, and do something 192 00:11:18,225 --> 00:11:19,857 that makes you a little uncomfortable. 193 00:11:27,400 --> 00:11:29,600 - He's not gonna flip? - No, he will, 194 00:11:29,602 --> 00:11:32,869 because you're gonna make it happen. All of you. 195 00:11:32,871 --> 00:11:35,506 Everything you have on him, get underneath it. 196 00:11:35,508 --> 00:11:37,174 Not the what... the why. 197 00:11:37,176 --> 00:11:40,009 What motivates him. Fears. Goals. 198 00:11:40,011 --> 00:11:41,444 Scars. 199 00:11:41,446 --> 00:11:45,215 He has a weak point, and we need to twist a knife in it. 200 00:11:45,217 --> 00:11:47,383 Is there something else? 201 00:11:47,385 --> 00:11:49,686 We know how Axelrod's operation works. 202 00:11:49,688 --> 00:11:51,087 He keeps himself insulated. 203 00:11:51,089 --> 00:11:52,388 Is there a point you're trying to make? 204 00:11:52,390 --> 00:11:54,789 Some random PM at Axe Cap isn't gonna have the goods. 205 00:11:54,791 --> 00:11:57,125 We need inner circle. Bill Stearn is our best shot. 206 00:11:57,127 --> 00:11:59,328 Is this something you think I don't understand? 207 00:11:59,330 --> 00:12:01,096 Hey, I just don't want Axe to walk away 208 00:12:01,098 --> 00:12:03,865 with a fine and a family office like Birch. 209 00:12:03,867 --> 00:12:08,002 Is that what you think I'm doing? No. 210 00:12:08,004 --> 00:12:10,004 Axe is no ordinary billionaire. 211 00:12:10,006 --> 00:12:12,506 He's not Steven fucking Birch. 212 00:12:12,508 --> 00:12:15,776 He's an icon of the wealth of our age, 213 00:12:15,778 --> 00:12:18,346 and he is a fraud. 214 00:12:18,348 --> 00:12:21,682 So when he falls, he's gonna hit the ground hard. 215 00:12:21,684 --> 00:12:24,619 Skilling got 14 years for Enron. I'm gonna beat that. 216 00:12:24,621 --> 00:12:27,221 I just wanna take this one to trial, let the jury decide. 217 00:12:27,223 --> 00:12:30,823 We're gonna put him in a cell, and everyone is gonna see... 218 00:12:30,825 --> 00:12:33,993 in Washington, in the fucking press... 219 00:12:33,995 --> 00:12:35,562 there's no better defender of the public trust 220 00:12:35,564 --> 00:12:37,163 than this office. 221 00:12:37,165 --> 00:12:39,165 They'll say Chuck Rhoades did that, 222 00:12:39,167 --> 00:12:41,501 and no one is out of his reach. 223 00:12:41,503 --> 00:12:45,704 You're damn skippy they will. 224 00:12:59,052 --> 00:13:00,286 Lara. 225 00:13:00,288 --> 00:13:01,853 You shouldn't be here. 226 00:13:01,855 --> 00:13:05,089 Come in quickly. I think they're watching the house. 227 00:13:09,095 --> 00:13:11,195 They went through everything. 228 00:13:11,197 --> 00:13:14,064 They broke Bill's home office... the door, in half. 229 00:13:14,066 --> 00:13:16,734 And I was getting the key. Look at this. 230 00:13:16,736 --> 00:13:18,736 All our accounts are frozen. 231 00:13:18,738 --> 00:13:20,537 They didn't even wipe their feet. 232 00:13:20,539 --> 00:13:23,440 Sandy, stay strong, okay? 233 00:13:23,442 --> 00:13:25,175 It's a difficult time for everyone. 234 00:13:27,913 --> 00:13:31,047 You brought muffins? 235 00:13:45,363 --> 00:13:46,895 This is your mortgage, property tax, 236 00:13:46,897 --> 00:13:49,965 insurance, school tuition, and that's for your foundation. 237 00:13:49,967 --> 00:13:53,668 Everything is taken care of, for as long as this lasts. 238 00:13:53,670 --> 00:13:56,971 Thank you. Thank you so much. 239 00:14:08,352 --> 00:14:09,484 Here. 240 00:14:09,486 --> 00:14:11,485 Want a taste? 241 00:14:12,755 --> 00:14:14,388 It's like whiskey dipped in milk chocolate. 242 00:14:15,825 --> 00:14:17,491 Are we celebrating something? 243 00:14:17,493 --> 00:14:22,095 Mm-hmm. I want to apologize. 244 00:14:22,097 --> 00:14:25,499 I was a big, puckered asshole yesterday. 245 00:14:25,501 --> 00:14:27,734 I had no right to talk to you that way. 246 00:14:27,736 --> 00:14:29,802 I'll drink to that. 247 00:14:41,949 --> 00:14:43,215 Oh, wow. 248 00:14:43,217 --> 00:14:45,384 Right? 249 00:14:45,386 --> 00:14:49,588 Yeah, the Taiwanese do it better than the Scots these days. 250 00:14:51,091 --> 00:14:53,925 How would you talk to me? 251 00:14:53,927 --> 00:14:57,829 If you had a do-over. 252 00:14:57,831 --> 00:14:59,765 What would you say? 253 00:14:59,767 --> 00:15:01,299 I don't want to have this fight again. 254 00:15:01,301 --> 00:15:03,267 Then let's not fight. Let's talk. 255 00:15:03,269 --> 00:15:06,103 No posturing. No bullshit. 256 00:15:06,105 --> 00:15:07,638 Okay. 257 00:15:08,674 --> 00:15:11,041 Right. 258 00:15:11,043 --> 00:15:12,743 What do you want to know? 259 00:15:12,745 --> 00:15:16,447 Why are you going after him so hard? Why Axe? 260 00:15:16,449 --> 00:15:19,282 For the same reason my office does anything. 261 00:15:19,284 --> 00:15:21,818 He broke the law. He cheated. 262 00:15:21,820 --> 00:15:23,653 Then why you? 263 00:15:23,655 --> 00:15:26,790 How many cases are you this involved with personally? 264 00:15:28,427 --> 00:15:29,926 I don't know. Uh, four, five. 265 00:15:29,928 --> 00:15:31,761 Why does this have to be one of them? 266 00:15:31,763 --> 00:15:34,163 Why don't you recuse yourself? 267 00:15:34,165 --> 00:15:35,497 - Out of the question. - Why? 268 00:15:35,499 --> 00:15:37,933 Because I owe it to my team. I owe it to the public. 269 00:15:37,935 --> 00:15:40,001 It's my responsibility to prosecute. 270 00:15:40,003 --> 00:15:43,338 It doesn't have to be you. 271 00:15:43,340 --> 00:15:44,973 Give the case to Bryan Connerty alone, 272 00:15:44,975 --> 00:15:46,875 or the Eastern District. 273 00:15:46,877 --> 00:15:50,412 This case? 274 00:15:50,414 --> 00:15:54,148 SEC, Eastern, uh, State AG... 275 00:15:54,150 --> 00:15:58,319 they have been whispering about Axelrod for years, waiting. 276 00:15:58,321 --> 00:15:59,821 I'm the one that stood up. 277 00:15:59,823 --> 00:16:01,823 I'm the only one that did something. 278 00:16:01,825 --> 00:16:04,158 This is an action against me. 279 00:16:04,160 --> 00:16:05,526 Do you understand? 280 00:16:05,528 --> 00:16:09,129 Do you? Because this is bigger than you. 281 00:16:09,131 --> 00:16:10,630 It's bigger than me. 282 00:16:10,632 --> 00:16:13,934 He runs more money than the GDP of a European nation. 283 00:16:13,936 --> 00:16:17,671 He's untouchable, and I have him dead to rights. 284 00:16:17,673 --> 00:16:19,773 You may think you do, but you don't. 285 00:16:19,775 --> 00:16:21,958 Really? What makes you so sure? 286 00:16:22,043 --> 00:16:23,843 Because... 287 00:16:24,045 --> 00:16:25,411 I have never seen him like this. 288 00:16:25,413 --> 00:16:28,481 He is digging trenches and laying wire, 289 00:16:28,483 --> 00:16:30,950 and he will scorch the earth under our feet. 290 00:16:30,952 --> 00:16:32,317 Tell me more about what he's doing. 291 00:16:32,319 --> 00:16:33,619 I can't go further. 292 00:16:33,621 --> 00:16:36,655 And it's wrong of you to push. I took an oath. 293 00:16:36,657 --> 00:16:40,058 Me, too. And that's why I can't recuse myself. 294 00:16:40,060 --> 00:16:42,294 Yes, you can. 295 00:16:42,296 --> 00:16:43,495 You just won't. 296 00:16:55,942 --> 00:16:58,376 Ahh. 297 00:17:30,642 --> 00:17:33,509 We've gone down this road, backwards and sideways. 298 00:17:33,511 --> 00:17:35,176 Now we gotta do it on our hands and knees. 299 00:17:35,178 --> 00:17:36,411 That's a fun image. 300 00:17:36,413 --> 00:17:37,846 I don't even know what we're looking for anymore. 301 00:17:37,848 --> 00:17:40,415 He's gotta be hiding something. 302 00:17:40,417 --> 00:17:43,018 I've never seen anybody so clean in his world. 303 00:17:43,020 --> 00:17:44,118 Ah, except for, you know, 304 00:17:44,120 --> 00:17:45,654 the bribery and securities fraud. 305 00:17:45,656 --> 00:17:47,288 Ah, he might not think it's illegal. 306 00:17:47,290 --> 00:17:50,391 He might be right. The courts keep moving the goalposts. 307 00:17:50,393 --> 00:17:51,526 Yeah, I know what they tell themselves. 308 00:17:51,528 --> 00:17:54,028 I've been to those Sohn conferences, too. 309 00:17:54,030 --> 00:17:57,164 "Capitalism is under siege." 310 00:17:57,166 --> 00:18:01,035 All those guys think if you can't prove they did the murder, 311 00:18:01,037 --> 00:18:02,903 then they're not a killer. 312 00:18:02,905 --> 00:18:05,105 Don't fucking kid yourself. 313 00:18:05,107 --> 00:18:07,207 They're only players 'cause they rigged the game. 314 00:18:07,209 --> 00:18:08,308 Of course. 315 00:18:10,812 --> 00:18:12,845 Huh? 316 00:18:14,716 --> 00:18:17,050 Hmm? That's all I got. 317 00:18:18,086 --> 00:18:20,086 Greedy or cheap, it's a fine line. 318 00:18:20,088 --> 00:18:21,821 What are his greatest hits, Terri? 319 00:18:21,823 --> 00:18:26,291 Uh, reusing paper towels. $1 taco night at Acapulco's. 320 00:18:26,293 --> 00:18:28,359 No Benz, no Audi. 321 00:18:28,361 --> 00:18:31,396 Just two identical Honda minivans. 322 00:18:31,398 --> 00:18:33,498 Who the fuck has two minivans? 323 00:18:33,500 --> 00:18:36,167 - One in beige, one in... - boring. 324 00:18:36,169 --> 00:18:38,436 Nobody. 325 00:18:39,840 --> 00:18:42,673 Nobody has two minivans. That's it. 326 00:18:42,675 --> 00:18:44,341 There's something there, and we need to find out what. 327 00:18:45,745 --> 00:18:49,480 We're gonna bleed out. 328 00:18:49,482 --> 00:18:51,115 We'll be a family office by the end of the year, 329 00:18:51,117 --> 00:18:52,617 by SEC mandate or not. 330 00:18:52,619 --> 00:18:53,918 We need to take action. 331 00:18:53,920 --> 00:18:55,452 We need to cut through the chatter. 332 00:18:55,454 --> 00:18:56,754 We need to get it out there... 333 00:18:56,756 --> 00:18:58,956 Rhoades has no case, he'll be laughed out of court. 334 00:18:58,958 --> 00:19:00,556 You know that doesn't matter. 335 00:19:00,558 --> 00:19:02,125 The smoke is enough to choke you. 336 00:19:02,127 --> 00:19:03,426 There doesn't need to be a fire. 337 00:19:03,428 --> 00:19:04,527 I don't accept that. 338 00:19:04,529 --> 00:19:07,430 Why not embrace this? 339 00:19:07,432 --> 00:19:09,866 We'll be a killer family office. 340 00:19:09,868 --> 00:19:11,935 We can downsize the staff. 341 00:19:11,937 --> 00:19:13,703 I can't stand half the people here anyway. 342 00:19:13,705 --> 00:19:17,506 Never. I need outside capital. 343 00:19:19,010 --> 00:19:20,909 Why? 344 00:19:20,911 --> 00:19:22,845 You have billions in assets to invest 345 00:19:22,847 --> 00:19:24,913 without a penny of outside money, 346 00:19:24,915 --> 00:19:26,915 and no one to answer to. 347 00:19:26,917 --> 00:19:28,617 I'll be dead to the world. 348 00:19:28,619 --> 00:19:30,552 I'll be called a cheat. Humiliated. 349 00:19:30,554 --> 00:19:33,155 Another rich dick playing the market with his own money. 350 00:19:33,157 --> 00:19:36,290 But you'll be the biggest dick. And it's so much money. 351 00:19:36,292 --> 00:19:38,159 Wags... 352 00:19:40,563 --> 00:19:42,429 What we need is a public endorsement, 353 00:19:42,431 --> 00:19:45,767 from the prime brokers... D-Bank, Citi, JP. 354 00:19:45,769 --> 00:19:47,869 - All of them? - No. There's only one 355 00:19:47,871 --> 00:19:50,171 that matters... Spartan-Ives. 356 00:19:52,908 --> 00:19:55,308 What would you want Lawrence Boyd to say? 357 00:19:55,310 --> 00:19:58,045 That he believes Axe Capital to be a reputable company, 358 00:19:58,047 --> 00:20:00,213 and we're gonna continue to do business together. 359 00:20:00,215 --> 00:20:03,316 Yeah, that's never gonna happen. 360 00:20:03,318 --> 00:20:04,751 Make it happen. 361 00:20:09,857 --> 00:20:12,992 What about a dog whistle? 362 00:20:12,994 --> 00:20:14,593 They're seen together, photographed, 363 00:20:14,595 --> 00:20:16,395 Boyd's arm around you at the Met. 364 00:20:16,397 --> 00:20:17,963 No, not fancy. 365 00:20:17,965 --> 00:20:22,267 A game, at the Stadium or at his box at Barclays. 366 00:20:22,269 --> 00:20:25,536 Boyd's touch is the healing waters of Lourdes. 367 00:20:25,538 --> 00:20:27,005 Cleaner than a maiden's honor. 368 00:20:27,007 --> 00:20:28,807 Get me in those waters. 369 00:20:28,809 --> 00:20:31,375 Both minivans registered to Bill Stearn 370 00:20:31,377 --> 00:20:33,377 under the same group insurance policy. 371 00:20:33,379 --> 00:20:34,545 But one of 'em... 372 00:20:34,547 --> 00:20:35,980 EZ Pass records track it all over New Jersey, 373 00:20:35,982 --> 00:20:37,315 never Connecticut. 374 00:20:37,317 --> 00:20:39,984 Speeding ticket from 2013 led to the Saddle River address. 375 00:20:39,986 --> 00:20:43,253 You went there? This is for real? 376 00:20:43,255 --> 00:20:45,022 We've fucking got him. 377 00:20:54,867 --> 00:20:57,801 601 Tanbark Trail. 378 00:20:57,803 --> 00:20:59,568 That supposed to mean something? 379 00:20:59,570 --> 00:21:01,704 How many days a week do you stay over there? 380 00:21:01,706 --> 00:21:04,340 I'm guessing 3.5. He's very meticulous. 381 00:21:04,342 --> 00:21:06,008 I try to be fair. 382 00:21:06,010 --> 00:21:07,476 He tell you? 383 00:21:07,478 --> 00:21:09,846 Bill Stearn has a second family. 384 00:21:09,848 --> 00:21:11,914 Two kids with a mistress in Saddle River, New Jersey. 385 00:21:11,916 --> 00:21:13,315 He's a family man. 386 00:21:13,317 --> 00:21:15,651 I wanna know how the hell you have the time 387 00:21:15,653 --> 00:21:17,452 to bribe farmers, manipulate the market, 388 00:21:17,454 --> 00:21:19,955 and coach two travel baseball teams? 389 00:21:19,957 --> 00:21:21,857 Timmy's in the spring, Carson's in the fall. 390 00:21:21,859 --> 00:21:23,458 I try to be fair. 391 00:21:23,460 --> 00:21:28,830 I want to know, how would Sandy react if she heard this? 392 00:21:28,832 --> 00:21:33,167 She must be very fragile these days since your arrest. 393 00:21:36,873 --> 00:21:39,339 Getting the photo stream in her in-box... 394 00:21:39,341 --> 00:21:44,311 all those happy pictures of you and Carson and Anna... 395 00:21:44,313 --> 00:21:48,816 with a woman ten years younger than her... 396 00:21:48,818 --> 00:21:50,683 Well, that might just break her. 397 00:21:58,559 --> 00:22:00,960 I knew you'd come with that. 398 00:22:02,497 --> 00:22:05,932 I wrote a letter to my wife, the whole story. 399 00:22:10,504 --> 00:22:12,504 I just sent it. 400 00:22:14,275 --> 00:22:15,573 Uh... 401 00:22:15,575 --> 00:22:20,345 You just blew up your family... 402 00:22:20,347 --> 00:22:22,547 for Bobby Axelrod? 403 00:22:22,549 --> 00:22:25,549 I'm Keyser Soze, motherfucker. 404 00:22:32,625 --> 00:22:36,627 Ohh. 405 00:22:36,629 --> 00:22:38,796 Worst part of these sessions. 406 00:22:38,798 --> 00:22:41,164 I've got a small bladder. 407 00:22:42,935 --> 00:22:44,134 What is it with these guys? 408 00:22:44,136 --> 00:22:47,037 What... what is it about the cult of Bobby Axelrod 409 00:22:47,039 --> 00:22:50,006 that makes them wanna immolate themselves? 410 00:22:50,208 --> 00:22:52,575 You wouldn't understand. 411 00:22:52,577 --> 00:22:54,444 You're a lawyer. Persuade me. 412 00:22:55,948 --> 00:22:57,380 You're at the mercy of politics. 413 00:22:57,382 --> 00:22:59,581 Loyalty is a convenience. 414 00:22:59,583 --> 00:23:02,251 People turn on each other every election cycle. 415 00:23:02,253 --> 00:23:05,721 You do your three or five or ten years here, 416 00:23:05,723 --> 00:23:08,457 then you flip to our side, cash seven figures 417 00:23:08,459 --> 00:23:11,293 from the same big funds you're trying to bring down. 418 00:23:11,295 --> 00:23:13,595 For true believers like you, 419 00:23:13,597 --> 00:23:16,898 it's the worst 'cause you never see it coming. 420 00:23:18,902 --> 00:23:21,135 That's the problem with being a cynic. It blinds you. 421 00:23:21,137 --> 00:23:23,872 You think everybody's as cynical as you. 422 00:23:23,874 --> 00:23:27,675 Axe's guys, they're in it for life. 423 00:23:27,677 --> 00:23:29,177 Bill Stearn couldn't walk down the street 424 00:23:29,179 --> 00:23:30,979 if he sold out his friends. 425 00:23:30,981 --> 00:23:35,582 Guys who talk in their world may avoid a few years in a cell, 426 00:23:35,584 --> 00:23:39,019 but they're dead forever. 427 00:23:39,021 --> 00:23:41,321 See you soon, I guess... 428 00:23:41,323 --> 00:23:44,824 when Chuck comes at Axe with some lame fine, 429 00:23:44,826 --> 00:23:48,428 because obviously you've got nothing. 430 00:23:50,464 --> 00:23:52,431 No, not this time. 431 00:23:52,433 --> 00:23:53,565 Not Axe. 432 00:23:53,567 --> 00:23:55,301 This is personal for Chuck. 433 00:23:55,303 --> 00:23:57,403 The whole city puts your boy on a pedestal. 434 00:23:57,405 --> 00:23:59,171 But he doesn't... he doesn't make anything. 435 00:23:59,173 --> 00:24:00,806 He doesn't do anything. 436 00:24:00,808 --> 00:24:04,443 He's nothing but a filthy money pig. 437 00:24:04,445 --> 00:24:05,878 And I can see why he'd wanna make a deal, 438 00:24:05,880 --> 00:24:08,579 because he knows we're coming, 439 00:24:08,581 --> 00:24:10,248 and we will follow him till the end of the fucking Earth 440 00:24:10,250 --> 00:24:13,251 until he's walking in shackles. 441 00:24:13,253 --> 00:24:15,720 You know you just work here, right? 442 00:24:23,362 --> 00:24:25,963 - Lara, hi. - Hi. 443 00:24:25,965 --> 00:24:27,331 How is everything? 444 00:24:27,333 --> 00:24:29,233 - Great. - Good. 445 00:24:29,235 --> 00:24:30,867 Yeah, you know, we should get the kids together this Saturday. 446 00:24:30,869 --> 00:24:33,503 Sure, at the Bancroft twins' party. 447 00:24:33,505 --> 00:24:35,005 Right. Party. 448 00:24:35,007 --> 00:24:36,340 In Montauk. 449 00:24:36,342 --> 00:24:39,676 Yes, of course. I forgot it was this weekend. 450 00:24:39,678 --> 00:24:40,910 - Right. - I'll see you there. 451 00:24:40,912 --> 00:24:42,312 All right, I'll see you there. 452 00:24:49,054 --> 00:24:51,087 Hey, take it easy! 453 00:24:51,089 --> 00:24:54,790 You're at 120 feet per minute. You're gonna blow an Achilles! 454 00:24:54,792 --> 00:24:56,559 Aah! 455 00:24:57,995 --> 00:24:59,727 What's wrong? 456 00:24:59,729 --> 00:25:01,729 I'll be right back. 457 00:25:07,504 --> 00:25:09,737 Hey, I'm not getting anywhere with Lawrence Boyd. 458 00:25:09,739 --> 00:25:12,207 - The problem is... - Solve it. 459 00:25:12,209 --> 00:25:14,976 All those years of thought and planning and calculation 460 00:25:14,978 --> 00:25:16,610 that you and he put in are for nothing, 461 00:25:16,612 --> 00:25:18,846 and there's a high probability that it does go wrong. 462 00:25:18,848 --> 00:25:23,017 So it's in both your interests to... 463 00:25:23,019 --> 00:25:24,285 I'll have to call you back. 464 00:25:34,363 --> 00:25:37,397 You took $250,000 out of the fund. 465 00:25:37,399 --> 00:25:39,599 Why does it bother you? I still have $3 million in. 466 00:25:39,601 --> 00:25:41,001 Why'd you take it out? 467 00:25:41,003 --> 00:25:45,138 It's my money. I can do whatever I want with it. 468 00:25:45,140 --> 00:25:46,839 Or can't I? 469 00:25:46,841 --> 00:25:50,142 Dollar Bill earned a $10 million bonus last year. 470 00:25:50,144 --> 00:25:52,878 You know how much he took out? 2 grand. 471 00:25:52,880 --> 00:25:54,513 You've known about this for weeks. 472 00:25:54,515 --> 00:25:55,914 You're bringing it up now because 473 00:25:55,916 --> 00:25:57,682 you wanna know something. What is it you wanna know? 474 00:25:57,684 --> 00:25:59,951 Why don't you take it all out? 475 00:26:03,757 --> 00:26:05,756 I am not my husband. 476 00:26:05,758 --> 00:26:07,825 And I am not going to be the shuttlecock 477 00:26:07,827 --> 00:26:11,762 that you two smack back and forth. 478 00:26:15,168 --> 00:26:16,501 You two just sniffed each other one day 479 00:26:16,503 --> 00:26:18,469 and decided you didn't like the smell. 480 00:26:18,471 --> 00:26:22,939 So now you think you have to do this thing, but you don't. 481 00:26:22,941 --> 00:26:25,808 You don't have to do it. 482 00:26:49,233 --> 00:26:51,233 Dollar Bill is hard, man. 483 00:26:51,235 --> 00:26:53,069 Inspiring. 484 00:26:53,071 --> 00:26:55,237 He makes me wanna lose 30 pounds 485 00:26:55,239 --> 00:27:00,007 and stockpile automatic weapons to protect all my sister-wives. 486 00:27:00,009 --> 00:27:01,642 Will he be exonerated? 487 00:27:01,644 --> 00:27:03,445 It's the government. 488 00:27:03,447 --> 00:27:05,012 If he is, it'll be in five years, 489 00:27:05,014 --> 00:27:08,550 and no one will remember it. 490 00:27:08,552 --> 00:27:10,351 Look... 491 00:27:10,353 --> 00:27:11,986 just because he's not cooperating 492 00:27:11,988 --> 00:27:14,188 doesn't mean they can't tie you to Pepsum, 493 00:27:14,190 --> 00:27:18,092 doesn't mean they can't get you on something else. 494 00:27:18,094 --> 00:27:21,462 But we have an opportunity now to broach a deal. 495 00:27:21,464 --> 00:27:22,596 I'll never settle. 496 00:27:22,598 --> 00:27:27,267 No. Now's the time you drop that. 497 00:27:27,269 --> 00:27:30,669 Chuck's guy, Connerty... 498 00:27:30,671 --> 00:27:32,871 he's rattled. 499 00:27:32,873 --> 00:27:34,540 They're weak. 500 00:27:34,542 --> 00:27:36,008 And I think we could get a deal 501 00:27:36,010 --> 00:27:38,511 that would be very, very good for you. 502 00:27:38,513 --> 00:27:41,981 Look, guys try to sell me deals all day. 503 00:27:41,983 --> 00:27:43,249 I decide when they're good. 504 00:27:43,251 --> 00:27:45,318 The one I bring you will be the best one 505 00:27:45,320 --> 00:27:48,086 that'll ever on the table, 506 00:27:48,088 --> 00:27:50,255 'cause that's what I do all day. 507 00:27:50,257 --> 00:27:52,857 I see that. 508 00:27:52,859 --> 00:27:55,660 And it won't really hurt you, grand scheme, 509 00:27:55,662 --> 00:27:57,662 other than emotionally. 510 00:27:57,664 --> 00:28:00,132 It'll seem like a win to them, and they stop. 511 00:28:00,134 --> 00:28:03,935 Give them more time, who knows what they'll find? 512 00:28:06,071 --> 00:28:07,938 I didn't do anything 513 00:28:07,940 --> 00:28:10,741 that anybody else in my business doesn't do. 514 00:28:10,743 --> 00:28:12,276 I just did it better. 515 00:28:12,278 --> 00:28:14,245 And I will not tar myself with an admission of guilt 516 00:28:14,247 --> 00:28:15,746 - over some... - You wouldn't plead guilty. 517 00:28:15,748 --> 00:28:20,817 Any success that his bullshit investigation yields is toxic. 518 00:28:20,819 --> 00:28:25,488 He cannot just walk around using rumor and hearsay 519 00:28:25,490 --> 00:28:27,323 and destroy lives and businesses. 520 00:28:27,325 --> 00:28:30,660 I won't allow it. That needs to be the message. 521 00:28:30,662 --> 00:28:32,529 He's got nothing. 522 00:28:32,531 --> 00:28:33,663 Billionaires all over the world 523 00:28:33,665 --> 00:28:35,064 are trying to bring me down every day. 524 00:28:35,066 --> 00:28:36,999 This guy? He can't even bring me to trial. 525 00:28:37,001 --> 00:28:39,268 He has failed at his job. 526 00:28:39,270 --> 00:28:40,902 Why the hell would I give him a win? 527 00:28:40,904 --> 00:28:45,674 What win? It's your win. 528 00:28:45,676 --> 00:28:47,442 You go free. 529 00:28:47,444 --> 00:28:49,077 You pay a fine, 530 00:28:49,079 --> 00:28:51,746 get busted down to a family office. 531 00:28:51,748 --> 00:28:54,983 That's nothing. It's headed that way anyway, isn't it? 532 00:28:54,985 --> 00:28:56,184 No! 533 00:29:01,057 --> 00:29:03,191 Adam. 534 00:29:03,193 --> 00:29:05,125 What brings you to our fair city, sir? 535 00:29:05,127 --> 00:29:06,960 I'm giving the commencement at Columbia Law. 536 00:29:06,962 --> 00:29:09,930 Ah. I gave that speech two years ago. 537 00:29:09,932 --> 00:29:11,599 You need some tips? 538 00:29:11,601 --> 00:29:15,468 Hey, congrats on getting Steve Birch. 539 00:29:15,470 --> 00:29:18,171 That's a solid double. 540 00:29:18,173 --> 00:29:19,972 Axelrod... 541 00:29:19,974 --> 00:29:21,174 that's bigger. 542 00:29:21,176 --> 00:29:22,709 You speaking for the Attorney General 543 00:29:22,711 --> 00:29:24,043 or is this off the cuff? 544 00:29:24,045 --> 00:29:25,978 I speak for everyone. 545 00:29:25,980 --> 00:29:27,414 It's fundraising season. 546 00:29:27,416 --> 00:29:29,182 The administration needs Wall Street money to compete. 547 00:29:29,184 --> 00:29:31,650 Nobody wants this to look like some kind of crusade. 548 00:29:31,652 --> 00:29:32,784 I'm doing my job. 549 00:29:32,786 --> 00:29:34,453 I don't think about what it looks like. 550 00:29:34,455 --> 00:29:36,121 Well, the AG does. 551 00:29:36,123 --> 00:29:37,456 I see. 552 00:29:37,458 --> 00:29:38,724 We feel... or she feels... 553 00:29:38,726 --> 00:29:40,526 that your investigation is problematic, 554 00:29:40,528 --> 00:29:42,595 given your personal connection to Axe Capital. 555 00:29:42,597 --> 00:29:44,396 I mean, the optics are bad. That article... 556 00:29:44,398 --> 00:29:46,931 Has no basis in fact. 557 00:29:46,933 --> 00:29:50,468 The idea, the very concept that I would be soft on Axe Capital 558 00:29:50,470 --> 00:29:51,769 because my wife works there, 559 00:29:51,771 --> 00:29:53,371 I'm going to erase that very, very quickly. 560 00:29:53,373 --> 00:29:55,106 I have. An arrest was made. 561 00:29:55,108 --> 00:29:58,075 Okay, so maybe you targeted Axelrod because she works there, 562 00:29:58,077 --> 00:30:00,077 which is fucked up. 563 00:30:00,079 --> 00:30:01,812 First, I'm too soft. Now I'm too tough. 564 00:30:01,814 --> 00:30:04,147 Uh, which is it, Goldilocks? 565 00:30:04,149 --> 00:30:07,351 Both. Either. I don't care. The point is, she works there. 566 00:30:07,353 --> 00:30:08,685 That's what they're gonna be writing about. 567 00:30:08,687 --> 00:30:09,986 And Axelrod will be paying an army of white-shoe lawyers 568 00:30:09,988 --> 00:30:11,755 $1,000 an hour... 569 00:30:11,757 --> 00:30:12,889 ...to come up with a thousand different ways 570 00:30:12,891 --> 00:30:14,391 to yell "conflict of interest." 571 00:30:14,393 --> 00:30:16,192 This is my office. 572 00:30:16,194 --> 00:30:18,462 I have broad discretion to pursue any actions 573 00:30:18,464 --> 00:30:20,096 exactly the way I see fit. 574 00:30:20,098 --> 00:30:22,398 Of course. The AG doesn't care about one case. 575 00:30:22,400 --> 00:30:24,032 She's thinking globally here. 576 00:30:24,034 --> 00:30:26,702 She's into movements, like a maestro. 577 00:30:26,704 --> 00:30:28,904 But a lost case is still a wrong note. 578 00:30:28,906 --> 00:30:31,274 I've never lost a case. 579 00:30:31,276 --> 00:30:33,476 And I'm sure you won't lose this one. 580 00:30:33,478 --> 00:30:35,043 if that conviction gets kicked on appeal 581 00:30:35,045 --> 00:30:37,412 because you didn't recuse yourself, well... 582 00:30:37,414 --> 00:30:38,680 even if you win, you lose. 583 00:30:38,682 --> 00:30:40,014 Does the Attorney General want me removed? 584 00:30:40,016 --> 00:30:41,816 She just wants you to be right. 585 00:30:41,818 --> 00:30:44,619 You do what you're gonna do, Chuck. Just be right. 586 00:30:44,621 --> 00:30:45,787 I gotta grab this. 587 00:30:45,789 --> 00:30:48,423 Yes? 588 00:30:48,425 --> 00:30:49,857 Fucking maestro. 589 00:30:55,831 --> 00:30:58,231 Get ready to head to Brooklyn. 590 00:30:58,233 --> 00:30:59,900 Tonight's the night of your baptism 591 00:30:59,902 --> 00:31:02,403 at the church of Barclays. 592 00:31:02,405 --> 00:31:05,238 Lawrence Boyd has invited you to his box. 593 00:31:05,240 --> 00:31:07,741 Washed in the blood of the lamb, baby. 594 00:31:07,743 --> 00:31:08,842 How'd it go down? 595 00:31:08,844 --> 00:31:10,177 Uh, maitre d' at a place I go 596 00:31:10,179 --> 00:31:12,144 had $1,000 on him to tell me when Boyd came in. 597 00:31:12,146 --> 00:31:16,081 Sent over a '61 Château Latour and picked up his dinner, 598 00:31:16,083 --> 00:31:17,517 courtesy of Bobby Axelrod. 599 00:31:17,519 --> 00:31:19,885 - Well played. - I have my moments. 600 00:31:30,331 --> 00:31:33,365 How you holding up? 601 00:31:33,367 --> 00:31:35,567 My lawyer today told me they don't have a case against me, 602 00:31:35,569 --> 00:31:37,569 but I should still settle. 603 00:31:37,571 --> 00:31:38,770 Can you believe that? 604 00:31:39,873 --> 00:31:42,173 Yeah. 605 00:31:42,175 --> 00:31:43,342 I'm guessing you don't mean that 606 00:31:43,344 --> 00:31:44,676 in a "fucking lawyers" kind of way. 607 00:31:44,678 --> 00:31:47,545 I think you have the best fucking lawyers. 608 00:31:47,547 --> 00:31:49,947 They know the law like you know the market. 609 00:31:49,949 --> 00:31:51,315 And if they're giving you a piece of advice, 610 00:31:51,317 --> 00:31:52,950 I think you should consider it. 611 00:31:52,952 --> 00:31:56,220 Wow. How does Chuck Rhoades terrify everybody so much? 612 00:31:56,222 --> 00:31:58,622 I don't give a shit about Chuck Rhoades. 613 00:31:58,624 --> 00:32:02,259 I care about protecting this family. 614 00:32:02,261 --> 00:32:04,594 We're gonna be pariahs. 615 00:32:04,596 --> 00:32:07,196 The kids got uninvited to the Bancroft party, 616 00:32:07,198 --> 00:32:10,066 and nothing's even happened yet. 617 00:32:10,068 --> 00:32:13,169 So if there is even close to an easy way out of this, 618 00:32:13,171 --> 00:32:14,504 I hope you would take it. 619 00:32:14,506 --> 00:32:16,038 Since when do I take the easy way out? 620 00:32:16,040 --> 00:32:18,107 This isn't some stock play. 621 00:32:18,109 --> 00:32:19,742 It's no different. 622 00:32:19,744 --> 00:32:22,177 It's all about tolerance and risk. 623 00:32:22,179 --> 00:32:24,513 Look, you don't win, you don't get to where I am 624 00:32:24,515 --> 00:32:26,648 without tolerating a lot of risk. 625 00:32:26,650 --> 00:32:29,651 We. Where we are. 626 00:32:29,653 --> 00:32:32,488 This is real, Bobby. You're risking our lives. 627 00:32:32,490 --> 00:32:34,790 You could go to jail. We could lose everything. 628 00:32:34,792 --> 00:32:36,824 And you can make it all go away and you won't? 629 00:32:36,826 --> 00:32:38,593 I can't. Not like that. 630 00:32:38,595 --> 00:32:39,827 Why not? 631 00:32:39,829 --> 00:32:41,529 Because I don't get on bended knee 632 00:32:41,531 --> 00:32:43,097 and pledge fealty to the king. 633 00:32:43,099 --> 00:32:45,165 It's not who I am. It's not who you married. 634 00:32:45,167 --> 00:32:47,402 Well, that's just fucking stupid. 635 00:32:47,404 --> 00:32:49,837 The ground is shifting, and you don't even see it. 636 00:32:49,839 --> 00:32:51,739 Or you refuse to see it. 637 00:32:51,741 --> 00:32:53,673 But if this were some stock play, 638 00:32:53,675 --> 00:32:55,208 it wouldn't be about pride. 639 00:32:55,210 --> 00:32:57,076 You'd have already cut your losses. 640 00:32:57,078 --> 00:32:59,613 Lara, the ground is shifting because I'm the one moving it. 641 00:32:59,615 --> 00:33:02,582 Lawrence Boyd invited me to his box today. 642 00:33:02,584 --> 00:33:04,851 That tells the Street, tells the world, 643 00:33:04,853 --> 00:33:07,421 that my stock, our stock, is about to rally 644 00:33:07,423 --> 00:33:09,656 because Spartan-Ives does not back a loser. 645 00:33:16,764 --> 00:33:19,164 I gotta go to work. 646 00:33:24,038 --> 00:33:27,205 I know for a fact Garth Sykes is dumping Axe. 647 00:33:27,207 --> 00:33:29,741 - Mm. - Moving over to Vista Verde. 648 00:33:29,743 --> 00:33:34,312 So there is blood in the water. It's a thing of beauty. 649 00:33:34,314 --> 00:33:36,314 I guess the invisible hand of the market 650 00:33:36,316 --> 00:33:38,416 is, uh, pushing him off a cliff. 651 00:33:38,418 --> 00:33:41,252 I would kill for a window 652 00:33:41,254 --> 00:33:43,855 into the panic flowing through that place. 653 00:33:43,857 --> 00:33:45,489 Charles, be sensitive. 654 00:33:45,491 --> 00:33:47,090 Axe must take three sessions 655 00:33:47,092 --> 00:33:49,326 just to make it through a day, huh? 656 00:33:49,328 --> 00:33:51,495 Ugh. They're Neanderthals. 657 00:33:51,497 --> 00:33:54,698 It's the hormones. It makes their brains seem small. 658 00:33:54,700 --> 00:33:57,801 It's all right, Ellen. It is a difficult time. 659 00:33:57,803 --> 00:34:00,471 And it's going to get worse before it gets better. 660 00:34:05,443 --> 00:34:08,478 I don't understand why you can't smoke in the house. 661 00:34:08,480 --> 00:34:10,112 I don't smoke. 662 00:34:10,114 --> 00:34:13,382 You're not allowed to, you mean? 663 00:34:14,652 --> 00:34:17,487 I pretty much do what I want. 664 00:34:18,755 --> 00:34:20,489 Maybe not as much as you. 665 00:34:22,292 --> 00:34:25,727 Mm. 666 00:34:30,367 --> 00:34:32,801 Getting him to take the plea deal... 667 00:34:32,803 --> 00:34:35,470 that's the trick. 668 00:34:35,472 --> 00:34:38,138 A big settlement that'll hurt him, 669 00:34:38,140 --> 00:34:39,607 get him off of outside money. 670 00:34:39,609 --> 00:34:41,441 What makes you think I would settle? 671 00:34:41,443 --> 00:34:43,611 My desktop calendar. 672 00:34:43,613 --> 00:34:46,079 A conviction could take years. 673 00:34:46,081 --> 00:34:48,448 You don't want it to be your successor that gets the credit. 674 00:34:48,450 --> 00:34:52,952 No, I'll be on the podium for this. 675 00:34:52,954 --> 00:34:57,557 Son, has your vision of the future changed? 676 00:34:57,559 --> 00:34:59,826 Or is it just my vision? 677 00:34:59,828 --> 00:35:02,929 Because after... after that short squeeze incident... 678 00:35:02,931 --> 00:35:05,264 and I understand that I put you in a bad position. 679 00:35:05,266 --> 00:35:06,566 I understand that. 680 00:35:07,769 --> 00:35:11,570 Your performance left me more convinced than ever 681 00:35:11,572 --> 00:35:13,939 of your greatness. 682 00:35:13,941 --> 00:35:18,577 There is no high office in the land you could not attain. 683 00:35:18,579 --> 00:35:21,680 - Okay, Dad, I appreciate... - But if you want that, 684 00:35:21,682 --> 00:35:25,383 you have to think about things in a certain way. 685 00:35:25,385 --> 00:35:29,053 I didn't when I was younger, and it cost me. 686 00:35:29,055 --> 00:35:31,656 You can't allow yourself 687 00:35:31,658 --> 00:35:35,826 to get drawn in to an unwinnable fight. 688 00:35:35,828 --> 00:35:38,395 And I won't. 689 00:35:38,397 --> 00:35:41,098 Victory will be swift, Dad. 690 00:35:41,100 --> 00:35:45,201 No. Be realistic. 691 00:35:45,203 --> 00:35:47,437 This guy is gearing up... 692 00:35:47,439 --> 00:35:49,172 ...for trench warfare. 693 00:35:55,547 --> 00:35:57,647 You've been talking to Wendy, haven't you? 694 00:36:00,518 --> 00:36:03,118 Well, you're the one who's always telling me 695 00:36:03,120 --> 00:36:06,521 that she has your best interests at heart. 696 00:36:15,532 --> 00:36:17,532 What the hell was that? 697 00:36:17,534 --> 00:36:20,434 You've twisted my father into carrying your water now? 698 00:36:20,436 --> 00:36:23,537 He called. I told him what I think. 699 00:36:23,539 --> 00:36:25,106 He agreed with me. 700 00:36:25,108 --> 00:36:28,209 That I should settle, huh? 701 00:36:30,981 --> 00:36:33,014 Nice try. 702 00:36:33,016 --> 00:36:36,149 You want me to think that, uh, you're trying to save your job? 703 00:36:36,151 --> 00:36:37,784 Really, you're trying to save Axelrod. 704 00:36:37,786 --> 00:36:40,787 I am trying to save you 705 00:36:40,789 --> 00:36:42,723 and me and him... 706 00:36:42,725 --> 00:36:44,791 - and your father. 707 00:36:47,229 --> 00:36:49,496 Do you trust me? 708 00:36:52,266 --> 00:36:53,866 Just because I trust you 709 00:36:53,868 --> 00:36:57,637 doesn't mean I think you're right. 710 00:36:57,639 --> 00:37:01,373 Ask me anything. 711 00:37:01,375 --> 00:37:03,943 Are you gonna open up the book on Axe for me? 712 00:37:03,945 --> 00:37:05,544 The whole way? 713 00:37:05,546 --> 00:37:09,047 - What about the oath? - What do you want to know? 714 00:37:09,049 --> 00:37:10,414 What's he thinking right now? What's he doing? 715 00:37:10,416 --> 00:37:12,684 He's looking for a win. 716 00:37:12,686 --> 00:37:15,887 Always. He needs to find at least a small win 717 00:37:15,889 --> 00:37:18,256 in every endeavor, every exchange. 718 00:37:18,258 --> 00:37:19,791 What happens if he can't find one? 719 00:37:19,793 --> 00:37:21,926 Then he'll play a different game, 720 00:37:21,928 --> 00:37:23,327 with different rules... ones you don't know, 721 00:37:23,329 --> 00:37:25,996 no one knows, where... 722 00:37:25,998 --> 00:37:28,899 he can make your loss bigger than his loss. 723 00:37:28,901 --> 00:37:32,069 A lose-lose scenario. And that doesn't bother him? 724 00:37:32,071 --> 00:37:34,838 Of course it does, but Axe came from nothing. 725 00:37:34,840 --> 00:37:36,606 So unconsciously, he fears... 726 00:37:36,608 --> 00:37:41,779 No, he may even expect he'll have nothing again. 727 00:37:41,781 --> 00:37:44,413 So he... 728 00:37:44,415 --> 00:37:50,486 loves to put that same fear into others, 729 00:37:50,488 --> 00:37:52,521 especially if they're not familiar with it. 730 00:38:00,164 --> 00:38:02,764 Like the Eads family. 731 00:38:02,766 --> 00:38:04,666 The naming rights? I heard about that. 732 00:38:04,668 --> 00:38:07,936 But that's just the part of him I know... 733 00:38:07,938 --> 00:38:10,538 that he's allowed me to see. 734 00:38:10,540 --> 00:38:12,808 But you know him better than anybody. 735 00:38:12,810 --> 00:38:16,277 Well, I think I do, but I'm not really sure anyone can. 736 00:38:20,616 --> 00:38:22,750 He's most likely ahead of you... 737 00:38:24,687 --> 00:38:26,520 Especially when it looks like he's not. 738 00:38:26,522 --> 00:38:29,523 And if he does go down, he will pull you down with him. 739 00:38:29,525 --> 00:38:31,291 I'm not afraid to prosecute anybody. 740 00:38:31,293 --> 00:38:32,893 Okay, it's not about that. 741 00:38:32,895 --> 00:38:34,660 It's about you being your alpha self, 742 00:38:34,662 --> 00:38:36,362 not letting him pull you out of your game. 743 00:38:36,364 --> 00:38:38,932 That's his goal in all his deals... 744 00:38:38,934 --> 00:38:41,567 get under their skin, get them to make a mistake. 745 00:38:43,905 --> 00:38:47,907 If this was a different case, uh, at this stage, 746 00:38:47,909 --> 00:38:50,809 I would pursue a plea agreement. 747 00:38:50,811 --> 00:38:53,078 You would. 748 00:38:53,080 --> 00:38:55,047 It's a cardinal rule... you don't trust your career 749 00:38:55,049 --> 00:38:59,084 in the hands of a jury of 12 random crazy people 750 00:38:59,086 --> 00:39:01,519 who might decide a case based on a wink and a smile 751 00:39:01,521 --> 00:39:04,156 and not the law, 752 00:39:04,158 --> 00:39:06,558 which they can't fucking understand in the first place. 753 00:39:10,463 --> 00:39:12,663 Would he take a deal? 754 00:39:12,665 --> 00:39:15,199 He'd settle if he thought it was a win. 755 00:39:15,201 --> 00:39:17,268 If he thought he tricked you, even better. 756 00:39:17,270 --> 00:39:18,903 The only deal with teeth 757 00:39:18,905 --> 00:39:21,239 would have to take him out of business forever. 758 00:39:21,241 --> 00:39:22,974 That's the only deal he would never take. 759 00:39:22,976 --> 00:39:26,542 Would he take a family office? Would he admit guilt? 760 00:39:26,544 --> 00:39:28,078 Why don't you ask his lawyer? 761 00:39:28,080 --> 00:39:31,314 No, they have to come to me. 762 00:39:31,316 --> 00:39:36,319 If they come to me, then it's on my terms. 763 00:39:36,321 --> 00:39:39,956 I can get him to come to you. 764 00:39:39,958 --> 00:39:42,624 Are you sure? 765 00:39:42,626 --> 00:39:43,793 I mean... 766 00:39:43,795 --> 00:39:46,796 what if the Axe we're dealing with now... 767 00:39:46,798 --> 00:39:49,298 What if that's the part of him you don't know about? 768 00:40:07,884 --> 00:40:09,918 What happened? 769 00:40:09,920 --> 00:40:12,954 Well, Lawrence Boyd sent me the message. 770 00:40:12,956 --> 00:40:15,956 He pissed right in my face. 771 00:40:22,031 --> 00:40:24,832 Holy shit. Bobby Axelrod! 772 00:40:24,834 --> 00:40:27,234 Can I get a selfie? I'll get mad followers on my Instagram. 773 00:40:27,236 --> 00:40:28,969 He didn't show. 774 00:40:28,971 --> 00:40:32,639 The room was full of 20-year-old dipshits. 775 00:40:32,641 --> 00:40:34,173 It was mailroom night. 776 00:40:39,080 --> 00:40:41,413 Well, what the hell do we do now? 777 00:40:43,584 --> 00:40:44,717 It's worse than I thought. 778 00:40:44,719 --> 00:40:46,552 That's why we're standing here. 779 00:40:46,554 --> 00:40:48,520 I didn't think it would go like this, 780 00:40:48,522 --> 00:40:52,257 this fast. 781 00:40:52,259 --> 00:40:53,291 What's the counter? 782 00:40:53,293 --> 00:40:54,759 It's easy. 783 00:40:54,761 --> 00:40:58,363 Rhoades is vulnerable, exposed. 784 00:40:58,365 --> 00:41:01,799 Conflict of interest. 785 00:41:01,801 --> 00:41:03,201 Wendy. 786 00:41:03,203 --> 00:41:06,571 I make it look like she's involved. 787 00:41:06,573 --> 00:41:09,139 Fraud, embezzlement. 788 00:41:09,141 --> 00:41:10,574 Or maybe she's having an affair... 789 00:41:10,576 --> 00:41:14,245 with Bill Stearn. 790 00:41:14,247 --> 00:41:16,981 With you, even. 791 00:41:16,983 --> 00:41:19,884 Watch how fast the case goes away. 792 00:41:21,754 --> 00:41:24,120 I'll let you know. 793 00:41:29,094 --> 00:41:31,127 He's working out of the office today. 794 00:41:31,129 --> 00:41:32,661 Will you tell him I need to talk? 795 00:41:32,663 --> 00:41:34,663 In person. It's important. 796 00:41:34,665 --> 00:41:37,633 Of course. 797 00:41:37,635 --> 00:41:39,168 You're gonna give him a deal? 798 00:41:39,170 --> 00:41:40,870 You're gonna fucking let him walk? 799 00:41:40,872 --> 00:41:43,505 If Axelrod comes to the table, we'll see what we can get. 800 00:41:43,507 --> 00:41:44,839 It's the smart way to go. 801 00:41:44,841 --> 00:41:48,043 That's not what you said two days ago. What happened? 802 00:41:48,045 --> 00:41:50,379 I changed my mind. 803 00:41:50,381 --> 00:41:54,116 Y... Ah, this is fucking Birch all over again. 804 00:41:54,118 --> 00:41:56,584 I didn't come here and sacrifice real money 805 00:41:56,586 --> 00:41:57,719 to let these guys write 806 00:41:57,721 --> 00:41:59,520 their own "get out of jail free" cards. 807 00:41:59,522 --> 00:42:02,223 Was it... Is that all just bullshit posturing? Why?! 808 00:42:02,225 --> 00:42:03,958 Because you don't have him! 809 00:42:06,495 --> 00:42:07,995 Give me more time. 810 00:42:09,465 --> 00:42:12,666 And I will build this case into a fucking guillotine 811 00:42:12,668 --> 00:42:14,035 and drop the blade. 812 00:42:14,037 --> 00:42:15,635 It's too late. We went into his house 813 00:42:15,637 --> 00:42:20,340 and, uh... we shit the bed. 814 00:42:20,342 --> 00:42:22,976 Every day I don't bring charges, we lose leverage, 815 00:42:22,978 --> 00:42:24,477 and the deal gets better for him. 816 00:42:24,479 --> 00:42:26,980 So, uh, take the rest of the day off. 817 00:42:26,982 --> 00:42:28,648 Or better yet, wait by the phone 818 00:42:28,650 --> 00:42:32,117 for his people to reach out. 819 00:42:41,628 --> 00:42:42,894 Hello, Wendy. 820 00:42:46,167 --> 00:42:47,566 Have we met? 821 00:42:47,568 --> 00:42:51,002 No. And we still haven't. 822 00:42:51,004 --> 00:42:54,138 If you wanna talk to him, get in. 823 00:42:57,577 --> 00:42:58,709 Where are we going? 824 00:43:20,032 --> 00:43:22,799 We have to take precautions. 825 00:43:22,801 --> 00:43:25,201 There's a protocol. 826 00:43:38,149 --> 00:43:41,349 It's been a weird couple of days. 827 00:43:41,351 --> 00:43:43,551 Yeah. 828 00:43:43,553 --> 00:43:46,687 It's hard to be sure about anything... 829 00:43:46,689 --> 00:43:48,289 anyone. 830 00:43:48,291 --> 00:43:51,292 I understand. 831 00:43:51,294 --> 00:43:55,730 I need to understand something, too. 832 00:43:55,732 --> 00:43:59,033 That's why we're sitting here like this. 833 00:43:59,035 --> 00:44:00,367 No one listening but us. 834 00:44:03,906 --> 00:44:07,974 Have I won your trust? 835 00:44:07,976 --> 00:44:10,110 What do you want to understand? 836 00:44:10,112 --> 00:44:13,980 Why are you sticking around? 837 00:44:17,985 --> 00:44:20,853 I am interested in what that question means to you. 838 00:44:20,855 --> 00:44:22,788 I wanna know... 839 00:44:22,790 --> 00:44:27,893 No, I know, I... you just wanna hear my answer. 840 00:44:27,895 --> 00:44:32,397 I'm not gonna tell you I'm staying because you need me. 841 00:44:32,399 --> 00:44:35,467 Even though you do, more than ever. 842 00:44:35,469 --> 00:44:37,436 And I'm not gonna tell you I'm here for my patients 843 00:44:37,438 --> 00:44:41,005 or because I love my job, even though I do love my job. 844 00:44:41,007 --> 00:44:44,943 And your collection of insecure egomaniacs 845 00:44:44,945 --> 00:44:46,445 would lose a billion a year 846 00:44:46,447 --> 00:44:49,113 if I didn't keep their heads straight. 847 00:44:49,115 --> 00:44:53,417 And I am not going to tell you I'm here spying for Chuck, 848 00:44:53,419 --> 00:44:57,788 Because you know that's total fucking nonsense. 849 00:45:01,461 --> 00:45:02,726 The answer... 850 00:45:05,163 --> 00:45:09,566 My answer is, I'm here for me. 851 00:45:09,568 --> 00:45:12,335 Because I built this company just as much as you did. 852 00:45:12,337 --> 00:45:14,270 That's a bold statement. 853 00:45:14,272 --> 00:45:16,906 That's a true statement. 854 00:45:16,908 --> 00:45:19,742 I put you back together again 855 00:45:19,744 --> 00:45:21,944 when your whole world burned. 856 00:45:26,484 --> 00:45:29,985 And I found meaning in that. 857 00:45:29,987 --> 00:45:31,886 I still do. 858 00:45:31,888 --> 00:45:34,089 I'm not... 859 00:45:34,091 --> 00:45:37,892 happy here, not always. Not... now. 860 00:45:41,097 --> 00:45:44,499 But meaning matters more to me than happiness. 861 00:45:44,501 --> 00:45:49,504 And I am in this water 862 00:45:49,506 --> 00:45:51,005 because I don't want to see you throw it all anyway 863 00:45:51,007 --> 00:45:52,240 when you don't have to. 864 00:45:52,242 --> 00:45:54,342 I know. 865 00:45:57,679 --> 00:45:59,412 And I don't want us to lose you. 866 00:46:10,725 --> 00:46:13,492 I wanna make a deal. Will he make one? 867 00:46:13,494 --> 00:46:16,028 - Yes. - Will I be able to live with it? 868 00:46:19,233 --> 00:46:21,733 That's up to you. 869 00:46:21,735 --> 00:46:23,769 That has nothing to do with the deal. 870 00:46:38,084 --> 00:46:40,351 How do you feel? 871 00:46:40,353 --> 00:46:42,086 Like somebody else. 872 00:46:44,558 --> 00:46:46,357 What am I gonna say about it? 873 00:46:49,695 --> 00:46:52,128 That I did the right thing. 874 00:46:56,468 --> 00:46:58,702 For all of us. 875 00:47:06,877 --> 00:47:09,278 Adam, hi. 876 00:47:09,280 --> 00:47:13,349 Uh, just wanted to thank you for stopping by the other day. 877 00:47:13,351 --> 00:47:17,520 I thought about what you said, and I'm not gonna recuse myself. 878 00:47:17,522 --> 00:47:20,223 Well, that's unfortunate. 879 00:47:20,225 --> 00:47:22,123 I believe the Greeks call that hamartia. 880 00:47:22,125 --> 00:47:23,758 I disagree, 881 00:47:23,760 --> 00:47:26,528 because I'm not gonna lose, and there will not be an appeal. 882 00:47:26,530 --> 00:47:28,996 Axelrod surrendered. 883 00:47:28,998 --> 00:47:30,398 What? A deal? 884 00:47:30,400 --> 00:47:32,400 Mm-hmm. Yeah, we have a deal on the table, 885 00:47:32,402 --> 00:47:36,438 a termination, a plea, and $1.9 billion. 886 00:47:37,974 --> 00:47:40,307 Biggest insider fine ever paid. 887 00:47:40,309 --> 00:47:42,175 Anyway, thanks again. 888 00:47:42,177 --> 00:47:44,077 Give my regards to the maestro. 889 00:47:44,079 --> 00:47:46,580 You got it, Chuck. Good job. 890 00:47:51,220 --> 00:47:54,154 Your father's still holding on the other line. 891 00:47:57,425 --> 00:47:58,891 Dad, hello. 892 00:47:58,893 --> 00:48:02,662 Chuckie boy, I heard. I heard you took him down. 893 00:48:02,664 --> 00:48:06,299 I'm, uh, I'm smoking a cigar for you right now... 894 00:48:06,301 --> 00:48:07,800 as soon as I get outside. 895 00:48:07,802 --> 00:48:09,469 I'm not supposed to in the house now that 896 00:48:09,471 --> 00:48:10,770 your mother heard Wendy's rule. 897 00:48:10,772 --> 00:48:13,672 But congratulations! 898 00:48:13,674 --> 00:48:15,574 Yeah, we're quite happy with the terms. 899 00:48:15,576 --> 00:48:17,576 - Well, it's the smart play. - Yeah. 900 00:48:17,578 --> 00:48:19,844 And even as a kid, you would never get into a fight 901 00:48:19,846 --> 00:48:21,680 unless you knew you could win it. 902 00:48:21,682 --> 00:48:25,884 Oh, do you remember that Mintz boy? 903 00:48:25,886 --> 00:48:27,552 He was a head taller than you, 904 00:48:27,554 --> 00:48:29,020 probably could've made you eat dirt. 905 00:48:29,022 --> 00:48:32,156 And he left that ball field thinking you were best friends. 906 00:48:32,158 --> 00:48:33,491 Okay, Dad, I gotta go. 907 00:48:33,493 --> 00:48:36,126 And then I made sure he didn't get into Dalton. 908 00:48:36,128 --> 00:48:37,728 Goodbye! 909 00:48:41,167 --> 00:48:42,933 Highest fucking fine ever levied... 910 00:48:42,935 --> 00:48:44,769 $1.9 billion. 911 00:48:44,771 --> 00:48:46,036 We got everything we wanted. 912 00:48:46,038 --> 00:48:47,537 Family office. Sure. 913 00:48:47,539 --> 00:48:48,971 - Yeah. - That's worse 914 00:48:48,973 --> 00:48:51,174 than the fucking fine. 915 00:48:51,176 --> 00:48:53,610 The money I can get back, but not my name. 916 00:48:53,612 --> 00:48:55,578 We'll petition for reinstatement, 917 00:48:55,580 --> 00:48:59,081 after Rhoades leaves, after the White House turns over. 918 00:48:59,083 --> 00:49:00,483 We'll get it. 919 00:49:00,485 --> 00:49:03,585 You'll be managing outside money again within five years. 920 00:49:03,587 --> 00:49:07,456 That's five years I'll never get back. 921 00:49:07,458 --> 00:49:08,657 Where's the silverware? 922 00:49:08,659 --> 00:49:11,427 No, it's, uh, it's Ethiopian. 923 00:49:11,429 --> 00:49:15,163 I got you extra injera, and, uh, you use your hands. 924 00:49:18,669 --> 00:49:22,169 This is an opportunity to be here with us. 925 00:49:22,171 --> 00:49:24,372 Step it up, Ben Kim. 926 00:49:24,374 --> 00:49:26,674 Step... it... up. 927 00:49:26,676 --> 00:49:29,544 Sorry. I'll go... I'll go get some. 928 00:49:29,546 --> 00:49:31,346 You have it? 929 00:49:31,348 --> 00:49:33,581 Right here. 930 00:49:51,500 --> 00:49:54,234 Uh... there's one other thing. 931 00:49:54,236 --> 00:49:56,168 I do not like other things. 932 00:49:56,170 --> 00:49:59,938 I sensed a possible waffle on the specifics of the plea. 933 00:49:59,940 --> 00:50:02,341 Connerty did commit to a no guilty plea 934 00:50:02,343 --> 00:50:05,411 but said he would have to reconfirm with Rhoades. 935 00:50:05,413 --> 00:50:07,279 What could they come with? 936 00:50:07,281 --> 00:50:10,783 At worst, the company will have to plead guilty to conspiracy. 937 00:50:10,785 --> 00:50:12,817 - Fuck. - Penalty is the same. 938 00:50:12,819 --> 00:50:14,586 An admission of guilt? 939 00:50:17,190 --> 00:50:20,425 If they put that in front of me tomorrow, 940 00:50:20,427 --> 00:50:22,894 I don't think I can sign it. 941 00:50:35,274 --> 00:50:36,707 It's gonna be okay. 942 00:50:36,709 --> 00:50:39,042 Mm. 943 00:51:06,236 --> 00:51:08,437 They're coming up. 944 00:51:28,190 --> 00:51:30,023 You've been briefed by your lawyers, Mr. Axelrod. 945 00:51:30,025 --> 00:51:33,226 We'll try to get you out of here as soon as possible. 946 00:51:33,228 --> 00:51:36,729 "As part of the proposed global resolution, 947 00:51:36,731 --> 00:51:39,766 the defendant agrees to an aggregate financial penalty 948 00:51:39,768 --> 00:51:42,401 of $1.9 billion. 949 00:51:42,403 --> 00:51:45,572 To the termination of their investment advisory business 950 00:51:45,574 --> 00:51:47,674 and... 951 00:51:47,676 --> 00:51:51,243 the company agrees to plead guilty to conspiracy." 952 00:52:00,287 --> 00:52:02,354 Do we have a deal, Mr. Axelrod? 953 00:52:15,869 --> 00:52:18,669 Okay. 954 00:52:18,671 --> 00:52:20,905 Okay. 955 00:52:20,907 --> 00:52:23,774 Axe Capital accepts such a penalty as 956 00:52:23,776 --> 00:52:26,210 fair, reasonable, and adequate within the limitations 957 00:52:26,212 --> 00:52:28,945 Congress has imposed on federal regulators 958 00:52:28,947 --> 00:52:31,147 to recover investor losses. 959 00:52:31,149 --> 00:52:34,651 Bryan... 960 00:52:34,653 --> 00:52:38,454 didn't he say that he would never settle? 961 00:52:38,456 --> 00:52:40,557 That's what he's been saying. 962 00:52:40,559 --> 00:52:42,959 You know, out there, you guys always talk so tough, 963 00:52:42,961 --> 00:52:46,094 but you always end up in here. 964 00:52:46,096 --> 00:52:48,664 Why is that? 965 00:52:48,666 --> 00:52:51,667 Because he knows he's a crook. 966 00:52:51,669 --> 00:52:54,003 Innocent people would never take a hit like that. 967 00:52:54,005 --> 00:52:55,604 Beyond the pale. My client... 968 00:52:55,606 --> 00:52:57,773 You got me, Rhoades. 969 00:52:57,775 --> 00:52:59,708 $1.9 billion. 970 00:52:59,710 --> 00:53:01,876 It's gonna hurt. 971 00:53:01,878 --> 00:53:04,412 But not... not like a shark bite. 972 00:53:04,414 --> 00:53:06,748 It's more like a... what? A bee sting. 973 00:53:06,750 --> 00:53:10,018 Bee sting? No, that hurts. More like a horse-fly. 974 00:53:10,020 --> 00:53:11,686 One of those little green horse-flies? 975 00:53:11,688 --> 00:53:12,987 Yeah, a nasty nip. 976 00:53:12,989 --> 00:53:15,322 No, more like an ant. Like a red ant. 977 00:53:15,324 --> 00:53:19,927 Yeah, yeah. Stings for a minute but doesn't ruin the picnic. 978 00:53:19,929 --> 00:53:22,863 "Plea Agreement is subject to judicial approval, 979 00:53:22,865 --> 00:53:25,065 pursuant to Rule 11 980 00:53:25,067 --> 00:53:28,134 of the Federal Rules of Criminal Procedure." 981 00:53:28,136 --> 00:53:30,637 Actually, it's good to get past this stuff. 982 00:53:30,639 --> 00:53:32,238 You know, just get it out of the way. 983 00:53:32,240 --> 00:53:34,908 And we can make that $1.9 back in, what, eight months? 984 00:53:34,910 --> 00:53:36,809 Six. 985 00:53:36,811 --> 00:53:39,311 The termination of Axe Capital's advisory business 986 00:53:39,313 --> 00:53:41,948 closes the fund to outside investors. 987 00:53:41,950 --> 00:53:46,385 Yeah, you can score that one for the superstars over at the SEC. 988 00:53:46,387 --> 00:53:47,820 As a family office, 989 00:53:47,822 --> 00:53:50,389 Mr. Axelrod can invest his personal assets... 990 00:53:50,391 --> 00:53:52,958 No. 991 00:53:52,960 --> 00:53:56,127 No family office. 992 00:53:56,129 --> 00:53:57,328 Lifetime ban. 993 00:54:06,740 --> 00:54:08,707 Put the money in a trust, fine. 994 00:54:08,709 --> 00:54:11,108 but you never trade securities again. 995 00:54:13,913 --> 00:54:17,380 Not for institutions, not for individual investors, 996 00:54:17,382 --> 00:54:19,316 not even for yourself. 997 00:54:50,547 --> 00:54:52,881 What the fuck just happened? 998 00:55:48,502 --> 00:55:49,802 I heard. 999 00:55:52,405 --> 00:55:54,972 How did it happen? 1000 00:55:54,974 --> 00:55:58,976 The moment came and, uh, Axe blew a gasket. 1001 00:55:58,978 --> 00:56:02,246 Took down the whole meeting. 1002 00:56:02,248 --> 00:56:04,115 Tore the check up into tiny pieces. 1003 00:56:04,117 --> 00:56:08,319 I thought he might trash the room on his way out. 1004 00:56:08,321 --> 00:56:11,387 Christ. 1005 00:56:11,389 --> 00:56:14,691 We're back to this. 1006 00:56:14,693 --> 00:56:16,492 No, it's fucking worse. 1007 00:56:16,494 --> 00:56:19,863 I c... I can't... live in the middle. 1008 00:56:19,865 --> 00:56:23,066 You... you won't. 1009 00:56:23,068 --> 00:56:26,936 I've decided, for the good of our marriage, 1010 00:56:26,938 --> 00:56:30,973 I'm not gonna be a part of the case going forward. 1011 00:56:30,975 --> 00:56:33,175 - Really? - Mm-hmm. 1012 00:56:33,177 --> 00:56:35,410 I've recused myself. 1013 00:56:35,412 --> 00:56:37,813 I already notified Washington. 1014 00:56:39,751 --> 00:56:43,184 - I am proud of you. - Mm. 1015 00:56:43,186 --> 00:56:45,787 Looking past yourself. 1016 00:56:45,789 --> 00:56:47,021 Seeing the bigger picture. 1017 00:56:47,023 --> 00:56:48,322 Five years ago, you wouldn't have. 1018 00:56:48,324 --> 00:56:52,393 That... is substantial fucking growth. 1019 00:56:55,966 --> 00:56:57,398 Mmm. 1020 00:57:09,145 --> 00:57:12,712 I gotta go walk the dog. 1021 00:57:12,714 --> 00:57:14,014 Mm. 1022 00:57:16,051 --> 00:57:17,583 I'll be back. 1023 00:57:22,991 --> 00:57:24,891 Thanks for coming out so late. 1024 00:57:24,893 --> 00:57:26,893 Always. 1025 00:57:26,895 --> 00:57:29,361 You're a goddamn hero 1026 00:57:29,363 --> 00:57:30,930 for standing up to those pricks today. 1027 00:57:30,932 --> 00:57:33,166 Okay. 1028 00:57:33,168 --> 00:57:36,201 You can count on me to finish what you started. 1029 00:57:36,203 --> 00:57:38,303 I'm all in. 1030 00:57:38,305 --> 00:57:39,604 And I'm gonna put a hurt on him 1031 00:57:39,606 --> 00:57:40,972 that he can't buy his way out of. 1032 00:57:40,974 --> 00:57:43,241 Good. I want you to keep me in the loop 1033 00:57:43,243 --> 00:57:44,976 about what you're doing. 1034 00:57:44,978 --> 00:57:48,079 But you're recusing yourself. 1035 00:57:48,081 --> 00:57:50,481 I'm still gonna need you to keep me informed. 1036 00:57:50,483 --> 00:57:52,917 Then you're not really recused. 1037 00:57:52,919 --> 00:57:56,987 I am. Officially. 1038 00:57:56,989 --> 00:57:59,023 There can't be any trail back to me. 1039 00:57:59,025 --> 00:58:01,491 No documents, no e-mail chains, no witnesses. 1040 00:58:01,493 --> 00:58:03,227 We only talk behind closed doors. 1041 00:58:03,229 --> 00:58:05,362 I can handle this case on my own. 1042 00:58:05,364 --> 00:58:07,864 Of course you can, but the gloves are off. 1043 00:58:07,866 --> 00:58:11,968 We do whatever it takes. 1044 00:58:13,501 --> 00:58:17,026 - sync and corrections by Caio - - www.addic7ed.com -