1
00:00:41,000 --> 00:00:43,000
Oh, no! No, no!

2
00:02:08,680 --> 00:02:10,440
<i>Massimo.</i>

3
00:02:10,480 --> 00:02:13,120
Franco Jannonefrom the Italian treasuryis coming in.

4
00:02:13,160 --> 00:02:16,200
I'm sure he wants to discusshow to manage their bonds.

5
00:02:16,240 --> 00:02:18,240
I need to know how Dominicmanages the auction.

6
00:02:18,280 --> 00:02:20,560
-I'll be back as soon as I can.<i>I'm on it.</i>

7
00:02:20,600 --> 00:02:23,280
Yes, please. Bye.
<i>Take care.</i>

8
00:02:23,320 --> 00:02:25,240
Dominic wouldn't be running
this auction

9
00:02:25,280 --> 00:02:27,240
unless it was important.

10
00:02:27,280 --> 00:02:30,360
We should be in London,not here.

11
00:02:42,520 --> 00:02:44,440
Not how you remember it?

12
00:02:47,160 --> 00:02:49,000
I don't know why I came.

13
00:02:49,040 --> 00:02:50,520
Maybe he wants to
make amends.

14
00:02:50,560 --> 00:02:51,680
He's dying.

15
00:03:19,600 --> 00:03:21,000
Massimo!

16
00:03:21,600 --> 00:03:23,160
Massimo Ruggero.

17
00:03:39,920 --> 00:03:41,200
What was that about?

18
00:03:42,120 --> 00:03:43,600
They don't like tourists.

19
00:03:45,880 --> 00:03:48,880
<i>Many experts are seeing it
as Italy's moment of truth.</i>

20
00:03:48,920 --> 00:03:51,360
<i>The bond auction set
for the end of the week</i>

21
00:03:51,400 --> 00:03:54,560
<i>is critical for Italy's
economic stability.</i>

22
00:03:54,600 --> 00:03:56,840
<i>There are rumors
that the Economic Ministry</i>

23
00:03:56,880 --> 00:03:59,880
<i>is planning to offer
five to eight billion euros</i>

24
00:03:59,920 --> 00:04:01,240
<i>in government bonds.</i>

25
00:04:01,840 --> 00:04:02,960
Was that him?

26
00:04:03,000 --> 00:04:04,320
Franco Jannone.

27
00:04:04,360 --> 00:04:06,320
He's much shorter
than he looks on TV.

28
00:04:06,360 --> 00:04:08,200
Why is Massimo so interested?

29
00:04:08,240 --> 00:04:10,040
Because Dominic's interested.

30
00:04:11,400 --> 00:04:13,280
How am I gonnaget inside this?

31
00:04:13,320 --> 00:04:15,760
You need to find out whoChris Bailey's got running sales

32
00:04:15,800 --> 00:04:18,040
and then... get rid of them.

33
00:04:19,880 --> 00:04:20,880
Oliver would know.

34
00:04:20,920 --> 00:04:22,720
-No way.
-Yes way.

35
00:04:23,680 --> 00:04:25,200
Are you...

36
00:04:25,240 --> 00:04:27,240
Are you asking for my help?

37
00:04:27,280 --> 00:04:29,560
-I just need a name.
-You...

38
00:04:29,600 --> 00:04:31,640
are asking for my help.

39
00:04:31,680 --> 00:04:33,600
Don't be a dick about it.

40
00:04:43,920 --> 00:04:45,360
Richard had to leave
for the day,

41
00:04:45,400 --> 00:04:48,240
so I'm replacing him
on the Jannone thing.

42
00:04:49,000 --> 00:04:50,280
Says who?

43
00:04:52,760 --> 00:04:54,040
Where is Richard, anyway?

44
00:04:54,080 --> 00:04:55,680
Family emergency.

45
00:04:55,720 --> 00:04:58,040
And seeing as Mr. Jannone's
looking to place at least

46
00:04:58,080 --> 00:04:59,360
five billion
in Italian bonds,

47
00:04:59,400 --> 00:05:01,160
you should have
picked me anyway.

48
00:05:01,200 --> 00:05:02,520
I...

49
00:05:03,800 --> 00:05:05,680
Why's that then?

50
00:05:05,720 --> 00:05:08,680
You mean apart from the fact
that I'm the best you've got?

51
00:06:34,560 --> 00:06:35,680
Massimo...

52
00:07:39,840 --> 00:07:41,160
Well?

53
00:07:42,400 --> 00:07:44,240
This is going to be a while.

54
00:07:44,280 --> 00:07:45,280
Okay.

55
00:07:45,320 --> 00:07:46,600
Meet me at my house.

56
00:07:46,640 --> 00:07:49,200
-I'll be there
as soon as I can.
-Cool.

57
00:08:16,480 --> 00:08:19,960
<i>Italy needs to
sell bonds, debt,</i>

58
00:08:20,000 --> 00:08:23,760
<i>which is equivalent to
the whole of the Greek debt.</i>

59
00:08:23,800 --> 00:08:25,200
<i>Italy is huge!</i>

60
00:08:25,240 --> 00:08:26,960
This campaign against us,

61
00:08:27,000 --> 00:08:28,800
-it spreads mistrust.
-Hm.

62
00:08:28,840 --> 00:08:30,960
It's making it increasingly
difficult for us

63
00:08:31,000 --> 00:08:32,680
to finance public debt.

64
00:08:34,600 --> 00:08:35,680
"PIIGS"...

65
00:08:35,720 --> 00:08:37,160
Such a disgusting name.

66
00:08:38,400 --> 00:08:39,800
Terminology is contemptible.

67
00:08:39,840 --> 00:08:41,680
Still, we must accept reality.

68
00:08:41,720 --> 00:08:44,360
Even Rheinthaler
is dumping Italian debt.

69
00:08:44,400 --> 00:08:47,760
The last auction was tough.
We nearly didn't cover it.

70
00:08:47,800 --> 00:08:49,600
We can't riskthe slightest misstep this time.

71
00:08:49,640 --> 00:08:51,640
Well, what are you suggesting?

72
00:08:51,680 --> 00:08:54,440
Reduce the offeringand keep the price up.

73
00:08:54,480 --> 00:08:56,040
Now that would signal weakness
to the markets.

74
00:08:56,080 --> 00:08:57,920
Yeah, they smell fear,
next time they come in to kill.

75
00:08:57,960 --> 00:08:59,760
I can't leave this to chance.

76
00:08:59,800 --> 00:09:01,120
We need to be sure

77
00:09:01,160 --> 00:09:02,560
these bonds will sell
at their proper value.

78
00:09:02,600 --> 00:09:04,200
Eleanor's gonna
take care of you.

79
00:09:04,240 --> 00:09:05,800
Yields are already peaking.

80
00:09:05,840 --> 00:09:09,440
I'm confident we can place
all of them at market price.

81
00:09:09,480 --> 00:09:12,000
-Let's go big! Mr. Jannone.
Okay.

82
00:09:13,960 --> 00:09:16,320
Thank you so much.
See you soon
-See you soon.

83
00:09:16,360 --> 00:09:17,720
-Please.
Bye.

84
00:09:22,520 --> 00:09:24,360
Set a meeting with our clients.

85
00:09:24,880 --> 00:09:26,560
Do it in person.

86
00:09:26,600 --> 00:09:27,720
Be discreet.

87
00:09:28,520 --> 00:09:30,240
Low ball it.

88
00:09:30,280 --> 00:09:32,160
Tell them half
of what we told Jannone.

89
00:09:32,200 --> 00:09:34,160
Didn't we just
promise him the opposite?

90
00:09:34,200 --> 00:09:35,880
We need to service our clients.

91
00:09:35,920 --> 00:09:37,840
The Italian government
is one of our clients.

92
00:09:37,880 --> 00:09:40,760
If this auction goes south,
they could become Greece.

93
00:09:41,200 --> 00:09:42,480
Times ten.

94
00:09:43,960 --> 00:09:46,040
It's an opportunity
to prove your worth

95
00:09:46,080 --> 00:09:48,240
after that business
with the VaR.

96
00:09:52,080 --> 00:09:53,520
How's Massimo?

97
00:09:55,200 --> 00:09:56,600
Okay, I think.

98
00:09:57,600 --> 00:09:59,040
Where is he?

99
00:10:01,400 --> 00:10:03,640
Your guess would be
as good as mine, Mr. Morgan.

100
00:10:55,280 --> 00:10:56,960
<i>A decade ago, Naples...</i>

101
00:10:57,000 --> 00:10:59,080
I was wondering
what happened to you.

102
00:10:59,120 --> 00:11:01,200
<i>I'm protecting our investment.</i>

103
00:11:01,240 --> 00:11:03,160
-Where?
<i>
A little fishing village</i>

104
00:11:03,200 --> 00:11:04,560
<i>on the Amalfi coast.</i>

105
00:11:04,600 --> 00:11:06,560
<i>Oh, I see.</i>

106
00:11:07,800 --> 00:11:09,320
Massimo's father is dying.

107
00:11:09,360 --> 00:11:10,760
<i>And he brought you
along with him?</i>

108
00:11:10,800 --> 00:11:12,160
<i>We need him in London.</i>

109
00:11:12,200 --> 00:11:15,400
I'm earning his trust.Remember?

110
00:11:15,440 --> 00:11:17,800
You told me
to stick to him like glue.

111
00:11:17,840 --> 00:11:20,520
Then use that trust
to get some answers.

112
00:11:20,560 --> 00:11:22,480
<i>That's exactly what I'm doing.</i>

113
00:11:25,920 --> 00:11:27,480
You know, Sofia...

114
00:11:27,520 --> 00:11:29,880
<i>I can't help feeling
that you missed</i>

115
00:11:29,920 --> 00:11:31,760
<i>something on those CDO files.</i>

116
00:11:34,000 --> 00:11:35,320
What did I miss?

117
00:11:39,040 --> 00:11:40,240
You're meant to tell methe answers

118
00:11:40,280 --> 00:11:42,080
before I ask the questions.

119
00:11:43,960 --> 00:11:45,240
If you can't...

120
00:11:46,000 --> 00:11:47,440
<i>I'll get them myself.</i>

121
00:12:13,720 --> 00:12:15,760
-Massimo again?
I'm fucked.

122
00:12:15,800 --> 00:12:18,640
Dominic wants to drive
the Italian bond auction low.

123
00:12:18,680 --> 00:12:20,200
And bring down
the Italian government?

124
00:12:20,240 --> 00:12:21,640
So tell him!

125
00:12:21,680 --> 00:12:23,360
If I do,
he'll tell me not to do it.

126
00:12:23,400 --> 00:12:25,920
But Dominic's given mea direct order, so...

127
00:12:25,960 --> 00:12:28,000
So you are fucked.

128
00:12:28,040 --> 00:12:31,520
What if I persuadeall the clients to buyat the same price?

129
00:12:31,560 --> 00:12:33,280
Low, but not so much.

130
00:12:33,320 --> 00:12:35,480
Then I don't have todefy Dominic or tell Massimo.

131
00:12:35,520 --> 00:12:38,880
Clever, but if just one of them
tries to down bid the others,

132
00:12:38,920 --> 00:12:40,160
then you're doubly fucked.

133
00:12:40,200 --> 00:12:42,200
So do I tell Massimo or not?

134
00:12:42,840 --> 00:12:44,520
No idea.

135
00:12:44,560 --> 00:12:46,480
I appreciate the help, Kalim.

136
00:14:29,720 --> 00:14:32,440
<i>Well, over 20% of Europe's
population at this point</i>

137
00:14:32,480 --> 00:14:34,760
<i>is at risk of poverty.</i>

138
00:14:46,760 --> 00:14:48,320
-Hey.
-Hi.

139
00:14:52,920 --> 00:14:54,840
What happened?

140
00:14:54,880 --> 00:14:58,000
Someone threw it
through the window
this afternoon.

141
00:14:59,120 --> 00:15:01,680
I think this is for you,
for your father.

142
00:15:03,160 --> 00:15:05,040
But why threaten your father?

143
00:15:05,080 --> 00:15:07,240
He's suffering
just like they are.

144
00:15:08,000 --> 00:15:09,240
I don't know.

145
00:15:10,440 --> 00:15:11,480
No idea?

146
00:15:11,520 --> 00:15:12,640
No.

147
00:15:13,600 --> 00:15:15,000
Okay.

148
00:15:15,040 --> 00:15:16,080
So...

149
00:15:16,120 --> 00:15:17,600
what's the plan now?

150
00:15:19,320 --> 00:15:22,560
To go and see the mayorabout my father's boats.

151
00:15:22,600 --> 00:15:24,960
Then get the fuck
out of this place.

152
00:15:25,000 --> 00:15:27,040
-Are you okay?
-Mm-hmm.

153
00:15:28,120 --> 00:15:30,560
<i>Eleanor Bourg at NYL.</i>

154
00:15:30,600 --> 00:15:33,320
I said I'd be calling
with something big.

155
00:15:33,360 --> 00:15:35,360
Let's meet for a coffee,
talk about it.

156
00:15:46,480 --> 00:15:48,080
Fantastic!

157
00:15:48,120 --> 00:15:51,000
This information
is confidential,
but guaranteed.

158
00:15:57,200 --> 00:16:00,040
Guaranteed. Guaranteed.

159
00:16:06,040 --> 00:16:08,280
This information
is confidential,

160
00:16:08,320 --> 00:16:09,600
and guaranteed.

161
00:16:11,800 --> 00:16:13,520
You know, after Lehman's,

162
00:16:13,560 --> 00:16:16,920
I couldn't even take my kids
to school without being abused.

163
00:16:16,960 --> 00:16:21,040
They thought I was a criminal
just because I worked
in finance.

164
00:16:22,040 --> 00:16:23,600
Scamming auctions...

165
00:16:23,640 --> 00:16:25,320
is a crime that confirms
all their suspicions.

166
00:16:25,360 --> 00:16:27,960
All I'm doing is
offering a valued client

167
00:16:28,000 --> 00:16:32,400
-a preferred price.
-What about your
other valued clients?

168
00:16:32,440 --> 00:16:35,400
-What about them?-You offer them the same price?

169
00:16:36,880 --> 00:16:39,160
Do you know that all the money

170
00:16:39,200 --> 00:16:41,120
your bank takes from
the Italian government

171
00:16:41,160 --> 00:16:42,760
could be used
to pay the salaries

172
00:16:42,800 --> 00:16:44,200
of teachers and doctors.

173
00:16:44,240 --> 00:16:46,560
You work fora private fund, Mr. Sarti,

174
00:16:46,600 --> 00:16:48,240
not the government.

175
00:16:49,000 --> 00:16:50,600
Is this about patriotism?

176
00:17:01,360 --> 00:17:02,480
Shit!

177
00:17:15,200 --> 00:17:16,520
Massimo.

178
00:17:29,160 --> 00:17:32,400
Vincenzo Manfredi,
nice to meet you.

179
00:17:32,440 --> 00:17:34,200
Sofia.

180
00:17:34,240 --> 00:17:36,120
Massimo and I were
best friends, right?

181
00:17:36,640 --> 00:17:38,000
Long time ago.

182
00:17:42,720 --> 00:17:45,280
Sorry, would you mind
if Massimo and I have a chat?

183
00:17:46,600 --> 00:17:47,720
Thank you.

184
00:17:59,720 --> 00:18:01,080
Massimo...

185
00:20:04,000 --> 00:20:06,000
<i>Italy's returned to
the bond market,</i>

186
00:20:06,040 --> 00:20:09,760
<i>but despite the European
Central Bank <i>
buying Italian debt</i></i>

187
00:20:09,800 --> 00:20:13,160
<i>to break down
the amount of interest <i>
that Rome has to offer,</i></i>

188
00:20:13,200 --> 00:20:15,960
<i>there was relatively
weak demand...</i>

189
00:20:16,000 --> 00:20:17,440
Did you think
I wouldn't find out

190
00:20:17,480 --> 00:20:19,200
you were undercutting us?

191
00:20:20,960 --> 00:20:22,360
We're a bank.

192
00:20:22,400 --> 00:20:25,120
We're servicing our customers
as best we can.

193
00:20:25,160 --> 00:20:26,600
I represent a sovereign state,

194
00:20:26,640 --> 00:20:28,800
not some company
you can buy or short.

195
00:20:28,840 --> 00:20:30,320
Countries are companies.

196
00:20:30,360 --> 00:20:32,920
Italy is currently a company
that's on the ropes.

197
00:20:32,960 --> 00:20:34,360
We don't need to shill

198
00:20:34,400 --> 00:20:36,280
an auction for it
to go badly.

199
00:20:36,320 --> 00:20:39,040
You-you have no principles.

200
00:20:40,000 --> 00:20:41,680
With all due respect,
Doctor,

201
00:20:41,720 --> 00:20:43,360
you should not talk to us
about principles.

202
00:20:43,400 --> 00:20:44,840
Oh, for years,
we made everyone

203
00:20:44,880 --> 00:20:47,160
believe demand for your bonds
was sky-high,

204
00:20:47,200 --> 00:20:48,640
when we all knew it wasn't true.

205
00:20:48,680 --> 00:20:50,880
Our private debt is
among the world's lowest.

206
00:20:50,920 --> 00:20:53,360
Everyone in Italy has a home
and access to welfare.

207
00:20:53,400 --> 00:20:56,000
Private wealth is uselessif you don't tax it.

208
00:20:56,960 --> 00:20:58,200
W-we took hard decisions.

209
00:20:58,240 --> 00:20:59,560
"Hard decisions"?

210
00:21:00,760 --> 00:21:02,840
Your politicians have been
driving up public debt

211
00:21:02,880 --> 00:21:05,000
by buying votes
for 30 years.

212
00:21:05,040 --> 00:21:06,480
Restructural reform,

213
00:21:06,520 --> 00:21:09,400
cuts in spending, all waste.

214
00:21:09,440 --> 00:21:11,800
You can shift the blame
for this mess all you like.

215
00:21:11,840 --> 00:21:15,200
But our next auction
will not be yours to corrupt.

216
00:21:23,760 --> 00:21:26,440
Someone told him
he was being undercut.

217
00:21:28,160 --> 00:21:29,560
Who was it?

218
00:21:29,600 --> 00:21:31,160
It had to be Mr. Sarti.

219
00:21:32,080 --> 00:21:33,400
That's on you.

220
00:21:33,440 --> 00:21:34,800
No, I have to take
responsibility

221
00:21:34,840 --> 00:21:35,880
for Eleanor's appointment.

222
00:21:35,920 --> 00:21:36,960
Excuse me?

223
00:21:37,000 --> 00:21:38,440
Well, Massimo always insisted

224
00:21:38,480 --> 00:21:41,480
that she was the best
salesperson we had.

225
00:21:41,520 --> 00:21:44,320
Perhaps his judgment
was clouded by, um...

226
00:21:45,000 --> 00:21:46,240
other factors.

227
00:21:49,480 --> 00:21:51,760
You're welcome
to review my record.

228
00:21:51,800 --> 00:21:53,240
What you won't find amongst

229
00:21:53,280 --> 00:21:54,600
the hundreds of millionsI've made for this bank

230
00:21:54,640 --> 00:21:56,720
is a promotion as a resultof my boss dying!

231
00:21:56,760 --> 00:21:58,240
You know what?
-Sorry, I think you crossed
the line.

232
00:21:58,280 --> 00:21:59,920
Hey! You know what
I care about? Results!

233
00:21:59,960 --> 00:22:01,560
If you're good, prove it!

234
00:22:01,600 --> 00:22:04,320
All the other bullshit,take it somewhere else!Go! Out!

235
00:22:50,480 --> 00:22:51,960
It's an internal document

236
00:22:52,000 --> 00:22:54,120
from the New York LondonInvestment Bank.

237
00:22:54,160 --> 00:22:56,960
I want you to go throughevery fucking page with a comb

238
00:22:57,000 --> 00:22:59,520
-until you find something.
-What am I looking for?

239
00:22:59,560 --> 00:23:03,800
Fraudulent assets relating
to a nuclear plant in Moldova.

240
00:23:03,840 --> 00:23:05,160
Get to it.

241
00:23:16,240 --> 00:23:17,800
You can help him.

242
00:23:22,480 --> 00:23:24,400
But I'm not sureI want to.

243
00:23:26,680 --> 00:23:28,240
Let me tell you something.

244
00:23:30,800 --> 00:23:32,560
This town is exactly

245
00:23:32,600 --> 00:23:36,280
just like the place
where I grew up in Argentina.

246
00:23:36,320 --> 00:23:38,520
And the story's the same story.

247
00:23:39,760 --> 00:23:41,120
Banks came in,

248
00:23:41,160 --> 00:23:43,440
took all the money...

249
00:23:45,080 --> 00:23:47,160
and people suffered and died.

250
00:23:47,200 --> 00:23:48,720
People like my brother...

251
00:23:49,760 --> 00:23:51,360
suffered and died.

252
00:23:54,520 --> 00:23:56,560
-But they're not my people.
-They're not your people?

253
00:23:56,600 --> 00:23:59,080
Yeah, because you're so much
better, right, Massimo?

254
00:23:59,120 --> 00:24:01,880
-You have this beautiful life.
-Oh, come on.

255
00:24:01,920 --> 00:24:03,200
Lucky you.

256
00:24:03,240 --> 00:24:05,000
Well, even if you
don't belong here,

257
00:24:05,040 --> 00:24:07,760
this is still your hometown.

258
00:24:07,800 --> 00:24:10,480
And these are still
the people you grew up with.

259
00:24:10,520 --> 00:24:13,120
And it would be
so easy for you.

260
00:26:51,000 --> 00:26:53,120
Stop it! Stop it!

261
00:27:03,560 --> 00:27:04,680
Get off him!

262
00:27:14,600 --> 00:28:07,240
Let's go.

263
00:28:09,200 --> 00:28:10,680
Massimo, let's go.

264
00:28:30,840 --> 00:28:33,320
Oh, come on!

265
00:28:36,080 --> 00:28:37,560
-Fuck.
- <i>The last
time there was a collection</i>

266
00:28:37,600 --> 00:28:39,760
<i>was the week before Christmas.</i>

267
00:28:39,800 --> 00:28:42,120
<i>The Italian government says
local council</i>

268
00:28:42,160 --> 00:28:44,360
<i>and organized crime
are to blame.</i>

269
00:28:44,400 --> 00:28:45,520
Hm.

270
00:28:46,480 --> 00:28:47,760
Where's Massimo?

271
00:28:47,800 --> 00:28:49,640
I don't fucking know.

272
00:28:52,360 --> 00:28:54,320
Do you always do
what he says?

273
00:28:56,680 --> 00:28:58,000
Good night, Oliver.

274
00:28:59,920 --> 00:29:01,320
You owe me a favor.

275
00:29:03,000 --> 00:29:04,400
For that favor...

276
00:29:05,720 --> 00:29:07,160
I'm callin' it in.

277
00:29:14,320 --> 00:29:17,160
How many times a day
do guys try and chat you up?

278
00:29:17,200 --> 00:29:19,560
Who knows?

279
00:29:19,600 --> 00:29:21,440
Used to be worse
when I was up and coming.

280
00:29:21,480 --> 00:29:24,600
Ah. Now that you made it,
what, they leave you alone?

281
00:29:25,320 --> 00:29:27,040
It's just different.

282
00:29:27,080 --> 00:29:28,360
Anything big goes wrong,

283
00:29:28,400 --> 00:29:30,200
it's because the woman's
been over-emotional.

284
00:29:30,240 --> 00:29:31,560
Huh.

285
00:29:32,720 --> 00:29:34,160
How do you deal with that?

286
00:29:35,320 --> 00:29:37,240
Not very well this time.

287
00:29:40,160 --> 00:29:42,120
So...

288
00:29:42,160 --> 00:29:43,960
If you can't get this, uh,

289
00:29:44,000 --> 00:29:46,600
Sarti character back onside...

290
00:29:47,520 --> 00:29:48,640
you're screwed?

291
00:29:49,400 --> 00:29:51,400
Years of building a career...

292
00:29:51,960 --> 00:29:53,280
gone.

293
00:29:56,960 --> 00:29:58,240
Anyway...

294
00:30:01,800 --> 00:30:03,080
Thanks.

295
00:30:08,520 --> 00:30:10,640
<i>Italy's too big to fail,
isn't it?</i>

296
00:30:10,680 --> 00:30:12,480
<i>Exactly. It's too big to fail</i>

297
00:30:12,520 --> 00:30:14,760
<i>and there isn't enough
money to save it.</i>

298
00:30:14,800 --> 00:30:17,800
<i>Italy's sucked into
the continent's debt crisis.</i>

299
00:30:17,840 --> 00:30:20,000
<i>Just how bad is
Italy's economy doing?</i>

300
00:30:33,800 --> 00:30:36,560
Hey. How are you?

301
00:30:36,600 --> 00:30:37,760
Let me see.

302
00:30:39,160 --> 00:30:40,600
Oh, I'm fine.

303
00:30:47,880 --> 00:30:49,600
What were you trying to do?

304
00:30:50,280 --> 00:30:51,640
Punish yourself?

305
00:30:55,480 --> 00:30:56,600
I don't know.

306
00:30:59,200 --> 00:31:02,040
Stefano saidyou killed his father.

307
00:31:08,600 --> 00:31:10,000
He drowned...

308
00:31:13,240 --> 00:31:15,400
after we stole his boat.

309
00:31:16,840 --> 00:31:18,280
Who's "we"?

310
00:31:24,200 --> 00:31:25,480
Vincenzo...

311
00:31:25,520 --> 00:31:27,080
and me.

312
00:31:28,200 --> 00:31:30,680
<i>Vincenzo the mayor?</i>

313
00:31:32,080 --> 00:31:33,400
Yes.

314
00:31:34,000 --> 00:31:35,360
Talk to me.

315
00:31:37,000 --> 00:31:38,800
Tell me what happened.

316
00:31:48,360 --> 00:31:49,800
How long were you here?

317
00:31:56,960 --> 00:31:58,240
Two years.

318
00:32:02,960 --> 00:32:04,080
How did Stefano's father

319
00:32:04,120 --> 00:32:06,160
even get into the water?

320
00:32:08,360 --> 00:32:10,560
He was rowing out
to catch us.

321
00:32:13,920 --> 00:32:15,480
We were going
to hit his boat.

322
00:32:15,520 --> 00:32:18,360
I... I shouted at Vincenzo
to slow down,

323
00:32:18,400 --> 00:32:20,640
but he couldn't hear me
over the engine.

324
00:32:25,480 --> 00:32:28,600
It wasn't your fault.You were just a boy.

325
00:32:52,480 --> 00:32:54,280
It's not what the judge said.

326
00:32:57,800 --> 00:32:59,480
What happened to Vincenzo?

327
00:33:04,520 --> 00:33:06,320
Nothing.

328
00:33:06,360 --> 00:33:08,120
What do you mean "nothing"?

329
00:33:11,600 --> 00:33:14,200
Vincenzo's father
was a powerful man.

330
00:33:15,880 --> 00:33:19,360
He was never going to
allow manslaughter
on his son's record.

331
00:33:21,160 --> 00:33:22,520
So...

332
00:33:24,080 --> 00:33:25,920
He paid my father...

333
00:33:25,960 --> 00:33:27,560
to keep Vincenzo out of it.

334
00:33:29,200 --> 00:33:30,800
We were badly off.

335
00:33:32,640 --> 00:33:37,400
So he took that money
to buy his first boat.

336
00:33:47,800 --> 00:33:50,320
Everyone kept their mouth shut,

337
00:33:51,400 --> 00:33:53,160
so I could take the fall.

338
00:34:07,120 --> 00:34:09,640
The boy who killed
Stefano's father.

339
00:34:33,840 --> 00:34:38,640
I hear they make
a decent Italian coffee here,
Mr... Sarti.

340
00:34:39,200 --> 00:34:41,160
Have we met?

341
00:34:41,200 --> 00:34:43,960
I work at
New York London Bank.

342
00:34:44,000 --> 00:34:46,960
Your colleague has calledfor reinforcements.

343
00:34:47,000 --> 00:34:49,640
Listen, please just leaveand let me enjoy my espresso.

344
00:34:49,680 --> 00:34:52,920
No, I'm new to this
bank actually, but, uh...

345
00:34:52,960 --> 00:34:55,280
You've been in this business
a long time, haven't you?

346
00:34:56,840 --> 00:34:58,160
It must be tough.

347
00:34:59,120 --> 00:35:01,280
It must be.
Constant pressure,

348
00:35:01,320 --> 00:35:03,560
risks, the scams...

349
00:35:03,600 --> 00:35:06,560
It's a bit unsavory
for a man of your character.

350
00:35:06,600 --> 00:35:09,080
You know nothing
about my character.

351
00:35:09,120 --> 00:35:12,440
I know that you applied for
a job at the IMF last year.

352
00:35:12,480 --> 00:35:16,160
A job where you wouldn't
have to get your hands dirty.

353
00:35:16,200 --> 00:35:18,960
Where you could work
to change things from above.

354
00:35:19,000 --> 00:35:20,760
-What's your point, Mr...?
-Harris.

355
00:35:20,800 --> 00:35:21,840
Harris.

356
00:35:21,880 --> 00:35:23,680
Oliver Harris.

357
00:35:23,720 --> 00:35:27,000
Now, you didn't get the job
at IMF last year, did you?

358
00:35:28,000 --> 00:35:29,520
But my boss...

359
00:35:29,560 --> 00:35:32,000
Dominic Morgan...

360
00:35:33,160 --> 00:35:34,600
he's a powerful man.

361
00:35:35,600 --> 00:35:37,600
Do a service
for Mr. Morgan

362
00:35:38,040 --> 00:35:39,200
and the bank...

363
00:35:39,240 --> 00:35:41,560
it'll do a service for you.

364
00:35:41,600 --> 00:35:44,680
In Italy,we call this corruption.

365
00:35:46,880 --> 00:35:48,200
Well, here...

366
00:35:53,400 --> 00:35:55,000
we call it sliding doors.

367
00:37:40,840 --> 00:37:42,360
What is Sarti doing here?

368
00:37:42,400 --> 00:37:44,640
You two,
Mr. Morgan's office.

369
00:37:45,440 --> 00:37:46,600
Now.

370
00:37:47,280 --> 00:37:48,400
Did you fuck me over?

371
00:37:48,440 --> 00:37:50,400
You did that
all by yourself.

372
00:37:57,400 --> 00:37:59,000
Look, would you excuse me,let me take care of this?

373
00:37:59,040 --> 00:38:00,400
-Of course.
-Thank you.

374
00:38:16,200 --> 00:38:17,800
Sarti just left.

375
00:38:19,320 --> 00:38:21,680
Oliver informs me that...

376
00:38:22,760 --> 00:38:24,080
you offered him a bribe.

377
00:38:25,480 --> 00:38:27,360
A job at the IMF.

378
00:38:27,400 --> 00:38:29,680
-Mr. Morgan, I--
It's a little obvious.

379
00:38:31,920 --> 00:38:33,200
But effective.

380
00:38:34,520 --> 00:38:36,120
Sarti's going to keep
his mouth shut.

381
00:38:36,160 --> 00:38:38,280
Congratulations.

382
00:38:38,320 --> 00:38:39,960
I just did my job, Mr. Morgan.

383
00:38:40,000 --> 00:38:41,360
Really well done.

384
00:38:42,480 --> 00:38:44,800
Okay, that's all. Thank you.

385
00:42:46,200 --> 00:42:47,760
Who made you
shill the auction?

386
00:42:47,800 --> 00:42:50,120
I had no choice, Massimo.

387
00:42:50,160 --> 00:42:52,240
You know that, don't you?

388
00:42:54,200 --> 00:42:55,520
Yes, I know.

389
00:43:00,000 --> 00:43:01,320
<i>Bye.</i>

390
00:43:03,760 --> 00:43:05,120
What?

391
00:43:06,200 --> 00:43:07,960
Dominic's attacking Italy.

392
00:43:08,000 --> 00:43:10,960
The other countries
will follow now.

393
00:43:11,000 --> 00:43:12,120
When are you
going to be back?

394
00:43:12,160 --> 00:43:13,960
I don't know.

395
00:43:14,000 --> 00:43:16,000
I'm going to stay
a little longer.

396
00:43:17,000 --> 00:43:18,400
You did the right thing.

397
00:43:20,000 --> 00:43:21,160
For the town.

398
00:43:21,200 --> 00:43:22,560
For yourself.

399
00:43:26,440 --> 00:43:29,080
I wish you didn't
have to go back to London.

400
00:43:29,120 --> 00:43:30,600
I wish neither of us did.

401
00:43:34,800 --> 00:43:37,560
We could run off to an island.

402
00:43:40,360 --> 00:43:41,760
Do you want to come?

403
00:44:56,200 --> 00:44:57,640
Had a nice time?

404
00:45:02,000 --> 00:45:03,040
Where's Massimo?

405
00:45:03,080 --> 00:45:04,680
Still in Italy,

406
00:45:04,720 --> 00:45:06,440
with his father.

407
00:45:17,800 --> 00:45:19,240
So, what is it?

408
00:45:24,760 --> 00:45:26,320
The CDO document.

409
00:45:26,360 --> 00:45:28,440
Why didn't you tell me
you had it?

410
00:45:29,240 --> 00:45:30,800
You went through my things?

411
00:45:30,840 --> 00:45:32,040
Answer the question,
please.

412
00:45:32,080 --> 00:45:34,000
Uh, you don't
trust me anymore?

413
00:45:36,280 --> 00:45:39,920
This CDO is guaranteed
on fraudulent assets

414
00:45:39,960 --> 00:45:42,800
and an abandoned nuclear plant.

415
00:45:42,840 --> 00:45:45,200
You said you didn't
find anything in Moldova.

416
00:45:46,080 --> 00:45:47,400
That's right, I didn't.

417
00:45:47,440 --> 00:45:49,560
What about the photos
in your camera?

418
00:45:55,200 --> 00:45:56,680
The plant was abandoned,

419
00:45:56,720 --> 00:45:59,280
but the valuation
matched government records.

420
00:45:59,320 --> 00:46:01,560
There was nothing
fraudulent about it.

421
00:46:01,600 --> 00:46:03,120
Okay...

422
00:46:03,160 --> 00:46:04,520
You might have told me that.

423
00:46:05,400 --> 00:46:06,800
You might have asked.

424
00:46:09,400 --> 00:46:10,520
Well...

425
00:46:11,520 --> 00:46:13,560
it is a fraudulent asset,
all right.

426
00:46:13,600 --> 00:46:16,680
Which means we're sitting on
proof of a criminal conspiracy

427
00:46:16,720 --> 00:46:19,160
that could bring
Dominic Morgan and the NYL

428
00:46:19,200 --> 00:46:20,680
to their fucking knees.

429
00:46:24,600 --> 00:46:26,720
-Good news then.
-Yeah.

430
00:46:27,720 --> 00:46:29,040
Great news.

431
00:47:20,800 --> 00:47:22,080
Sí.

432
00:47:51,920 --> 00:47:53,760
<i>The cost of Italy's borrowing</i>

433
00:47:53,800 --> 00:47:56,160
<i>has gone up to a record level
since the Eurozone deal.</i>

434
00:47:56,200 --> 00:47:59,560
<i>The country had to offer
a rate of return never seen</i>

435
00:47:59,600 --> 00:48:01,720
<i>since joining
the single currency.</i>

436
00:48:01,760 --> 00:48:04,560
<i>It had to promise the return
of more than six percent</i>

437
00:48:04,600 --> 00:48:08,120
<i>as opposed to 5.8%
a month ago.</i>

438
00:48:08,160 --> 00:48:10,680
<i>And there now concerns
that Italy's on its way <i>
to becoming</i></i>

439
00:48:10,720 --> 00:48:12,880
<i>the next victim of
the European debt crisis.</i>

440
00:48:12,920 --> 00:48:15,440
<i>Investors bet that
Silvio Berlusconi's days</i>

441
00:48:15,480 --> 00:48:17,280
<i>as Prime Minister
are numbered.</i>

442
00:51:11,320 --> 00:51:14,000
<i>Was this the moment
that brought the curtain down</i>

443
00:51:14,040 --> 00:51:17,240
<i>on Silvio Berlusconi's
long running one-man show?</i>

444
00:51:17,280 --> 00:51:20,160
<i>Mr. Berlusconi
finally resigned last night.</i>

445
00:51:20,200 --> 00:51:21,840
<i>If the worst does happen,</i>

446
00:51:21,880 --> 00:51:25,040
<i>what you're saying is,
Italy's too big to rescue.</i>

447
00:51:25,080 --> 00:51:26,520
<i>Well, hang on a minute.
Wasn't it too big</i>

448
00:51:26,560 --> 00:51:28,560
<i>to be accepted into
the Eurozone club</i>

449
00:51:28,600 --> 00:51:31,000
<i>in the first place,
if it was ever too big <i>
to rescue?</i></i>

450
00:51:31,040 --> 00:51:32,600
<i>How did they invite it in?</i>