1
00:00:05,000 --> 00:00:08,083
Previously on "Billions"...

2
00:00:08,166 --> 00:00:10,083
The only enemy
more dangerous

3
00:00:10,166 --> 00:00:13,083
than a man with
unlimited resources...

4
00:00:13,166 --> 00:00:13,959
is one
with nothing to lose.

5
00:00:14,041 --> 00:00:17,375
And that is what
you are looking at

6
00:00:17,458 --> 00:00:19,166
right here.

7
00:00:19,250 --> 00:00:21,000
This is for you...

8
00:00:21,083 --> 00:00:24,875
Look at them.
With that morning-after glow.

9
00:00:24,959 --> 00:00:28,000
This is what your wife
is out doing.

10
00:00:28,083 --> 00:00:29,000
You see things differently.

11
00:00:29,083 --> 00:00:31,625
That's an edge.
Congratulations.

12
00:00:31,709 --> 00:00:33,583
All the analysts
now answer to you.

13
00:00:33,667 --> 00:00:36,583
We've long suspected criminal
activity at Axe Capital.

14
00:00:36,667 --> 00:00:39,083
- Do you know how to do this?
- Some parts of the job

15
00:00:39,166 --> 00:00:40,625
are pretty intuitive.

16
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Is there any law enforcement
here?

17
00:00:42,542 --> 00:00:43,667
No.

18
00:00:43,750 --> 00:00:46,542
You let me know
if any show up.

19
00:00:46,625 --> 00:00:49,542
- You should name a C.I.O.
- I'll do it.

20
00:00:49,625 --> 00:00:52,291
But I'm not running with you.
And neither are the kids.

21
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So, you do what you got to do,
but we're staying.

22
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Black Jack Foley.

23
00:00:56,417 --> 00:00:58,000
- How are you, Charles?
- I'll be better

24
00:00:58,083 --> 00:01:01,041
if you help me out
with a little something.

25
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Jack.

26
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Will you make me governor?

27
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The Ice Juice IPO never tracks
back to my family,

28
00:01:09,625 --> 00:01:10,959
to my father's investment.

29
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Get out of the stock, Chuck.
They're gonna crush you.

30
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Wow, I'm glad to see
you view me as so defenseless.

31
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The Ice Juice short,
how do I get a piece of that?

32
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Ice Juice
never made anyone sick.

33
00:01:20,917 --> 00:01:21,792
You baited him?

34
00:01:21,875 --> 00:01:25,750
You used my company,
my career, my future...

35
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Where do you get
the fucking nerve?!

36
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I am done with you.

37
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You've been named
interim U.S. Attorney

38
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for the Eastern District.

39
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You didn't think this shit
happened by accident,

40
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did you, Mr. Dake?

41
00:01:36,750 --> 00:01:39,583
I've arranged that you'll lead
the prosecution at Eastern.

42
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Tell Sacker I'm gonna make
her Chief of Crim.

43
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I'm gonna find it.

44
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Whatever thread
you left behind.

45
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And I am gonna pull on it

46
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until your whole fucking world
unravels.

47
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I might go down behind
all of this,

48
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but you are gonna be
right there next to me.

49
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Worth it.

50
00:02:56,834 --> 00:03:00,041
I'm from horse country,
Chuck, West Texas.

51
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My family bred 'em,
American quarterhorses.

52
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Those babies
fetch quite the price,

53
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so we were real gentle
with the product.

54
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We used teasers.

55
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Those are stallions
you put into the stall

56
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with the sole purpose of
making sure the mare's in heat,

57
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primed for breeding.

58
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Now, a teaser, he doesn't get
to do any fucking.

59
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He's just there
to get the mare ready.

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Take her kicks.

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Try to mount,
take some more kicks.

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By God, that teaser,

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he's got a rager going on
the whole dang time.

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But that doesn't matter.

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As soon as that dam
is ready,

66
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we yank that teaser out of
there, lead the real stud in,

67
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and he gets to do
all the fucking.

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Teaser has to make do with some
mangy hay and a bucket of oats.

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Brutal.

70
00:03:42,959 --> 00:03:47,583
Yeah, nature often is.

71
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Right now, you're
that teaser, aren't you,

72
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with Dake
prosecuting Axelrod?

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He's getting all the credit

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00:03:53,375 --> 00:03:57,083
for putting the cuffs on him
and freezing his assets.

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Dake is fucking Axelrod
right now in front of everybody,

76
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and you,
you're back in the barn,

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nursing your rager
with a bucket of oats.

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Well, as long
as justice is served,

79
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credit doesn't matter
at all, General.

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Good.

81
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Why don't you tell me
how it really makes you feel

82
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to see Dake with the lariat
in his grip?

83
00:04:22,875 --> 00:04:25,709
You'd like to tear that case
from him with your bare hands

84
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and leave him crying
in the gutter.

85
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Hmm?

86
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You got some wolf in you,

87
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which is why
you're not getting fired.

88
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Not quite yet, anyway.

89
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No, sir, you are among
the blessed few.

90
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It's end times
for most of your brethren,

91
00:04:41,417 --> 00:04:44,083
but you have not been
raptured yet.

92
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I've only kept on
seven U.S. attorneys

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since the president
was good enough to appoint me

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Attorney General
of these United States.

95
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I just wanted to make sure
our agendas are aligned

96
00:04:53,458 --> 00:04:55,625
when it comes to
that justice you spoke of

97
00:04:55,709 --> 00:04:57,083
moments ago.

98
00:04:57,166 --> 00:05:00,458
These high-profile cases you
and your people have working?

99
00:05:00,542 --> 00:05:02,375
Heap of Wall Street-related
matters.

100
00:05:02,458 --> 00:05:05,333
Well, the markets
are within my purview.

101
00:05:05,417 --> 00:05:06,083
Well, that may be,

102
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but I come
from baseball country.

103
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We learn at an early age

104
00:05:10,667 --> 00:05:11,875
that a tie
goes to the runner.

105
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And that is how I want you to
think of our business community

106
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and its leaders
from now on.

107
00:05:17,000 --> 00:05:18,625
Now, look,
if there's a clear crime,

108
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then, by all means,
you go after it.

109
00:05:20,583 --> 00:05:24,458
But if it's a bang-bang play,
don't call a man out on a win.

110
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Just let that rally continue.

111
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I thought you come
from horse country.

112
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West Texas
contains multitudes, Chuck.

113
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Ahh.

114
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Prioritize the cases
that make sense.

115
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You know what to do
with the rest.

116
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They're marked
so there's no confusion.

117
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Come on, let's schottische on
into this ballroom.

118
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Come on.

119
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First order of business.

120
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There's going to be an idea
dinner night after tomorrow.

121
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- Platinum invite list...
- Fuck. Fuck that.

122
00:07:21,417 --> 00:07:23,250
Fuck having this meeting
without Axe here.

123
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Fuck all of this.

124
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- Easy, "Dollar" Bill.
- Nothing about this is easy.

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I've been humping my ass
into the city,

126
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hour and a half in traffic, into
this swanky Manhattan office,

127
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and you haven't called
a single meeting

128
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because the government's
frozen all the assets.

129
00:07:35,417 --> 00:07:37,041
So when you called
this meeting,

130
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I assumed that meant
it was go-time

131
00:07:38,750 --> 00:07:40,458
and they've finally been
unfrozen.

132
00:07:40,542 --> 00:07:43,041
Not yet. Still frozen like
Otzi in the goddamn Alps.

133
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That's the Frozen Man, right?

134
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I need those funds to flow

135
00:07:50,375 --> 00:07:52,834
like the Kancamangus Rapids.

136
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I'm ready to rock and roll
on full auto

137
00:07:55,250 --> 00:07:56,709
right the fuck now.

138
00:07:58,959 --> 00:08:01,542
Where the hell is Axe?

139
00:08:08,875 --> 00:08:12,083
I'm over here!

140
00:08:27,041 --> 00:08:29,333
Cool bachelor pad... bro.

141
00:08:29,417 --> 00:08:33,959
I wasn't gonna stay
in Westport.

142
00:08:34,041 --> 00:08:35,834
Guys like you
head to the city

143
00:08:35,917 --> 00:08:37,709
when their marriages
fall apart

144
00:08:37,792 --> 00:08:39,583
for the same reason
birds fly south

145
00:08:39,667 --> 00:08:42,333
instead of freezing
their asses off.

146
00:08:42,417 --> 00:08:43,458
It's in the genetic code.

147
00:08:43,542 --> 00:08:47,875
You're the first person
to see the place.

148
00:08:47,959 --> 00:08:49,667
Other than the kids.

149
00:08:49,750 --> 00:08:50,583
What do they think?

150
00:08:50,667 --> 00:08:54,125
It's stocked with video games
and snacks.

151
00:08:54,208 --> 00:08:55,667
They seem fine.

152
00:08:55,750 --> 00:08:58,542
How about you?

153
00:08:58,625 --> 00:09:01,625
Did you just change
out of the pajamas

154
00:09:01,709 --> 00:09:02,750
three minutes ago?

155
00:09:04,166 --> 00:09:06,625
Are you planning to come
to the office anytime soon?

156
00:09:06,709 --> 00:09:08,375
Yeah, once my assets
are unfrozen.

157
00:09:08,458 --> 00:09:09,542
Should everyone else
go home, too?

158
00:09:09,625 --> 00:09:12,625
Not if they want to stay
on the payroll.

159
00:09:12,709 --> 00:09:14,667
That's inspiring stuff.

160
00:09:14,750 --> 00:09:17,583
Must be what Kennedy said
to his staff

161
00:09:17,667 --> 00:09:18,583
during the Cuban
missile crisis.

162
00:09:18,667 --> 00:09:23,083
Kennedy wasn't under
as much pressure as I am.

163
00:09:23,166 --> 00:09:26,542
I tell you, Bobby,
it's times like these I...

164
00:09:26,625 --> 00:09:30,000
I wish you hadn't fired
Dr. Gus.

165
00:09:30,083 --> 00:09:31,834
Why?

166
00:09:31,917 --> 00:09:34,667
Because this...

167
00:09:34,750 --> 00:09:36,917
is a fuckin' disaster.

168
00:09:39,792 --> 00:09:41,000
I get it!
I get it.

169
00:09:41,083 --> 00:09:42,750
You're worried that every day
you're on the sidelines

170
00:09:42,834 --> 00:09:46,500
makes it harder for you to make
your numbers for the year.

171
00:09:46,583 --> 00:09:48,667
Not harder.
Impossible.

172
00:09:48,750 --> 00:09:50,667
- Right?
- Well, know this.

173
00:09:50,750 --> 00:09:52,458
You won't fall
below the hard deck.

174
00:09:52,542 --> 00:09:55,375
No one is crashing and burning.

175
00:09:55,458 --> 00:09:58,208
If you come through for me now,
you will all make a bonus

176
00:09:58,291 --> 00:10:00,583
of at least what you made
last year.

177
00:10:05,083 --> 00:10:08,041
But first, you need to deliver
on today's mission.

178
00:10:08,125 --> 00:10:10,333
The idea dinner.

179
00:10:10,417 --> 00:10:14,000
Top-ten hedge-fund managers
in the city will be there.

180
00:10:14,083 --> 00:10:15,208
These rat fucks

181
00:10:15,291 --> 00:10:16,542
are how these billionaires
measure themselves.

182
00:10:16,625 --> 00:10:19,333
Even being in the room
confers upon you

183
00:10:19,417 --> 00:10:21,125
almost mythical status,

184
00:10:21,208 --> 00:10:23,083
like you're a knight
of the Round Table.

185
00:10:23,166 --> 00:10:24,917
- They ride in on horses?
- Maybachs.

186
00:10:25,000 --> 00:10:27,875
I've heard Axe say he'd never go
to one of these hog shows.

187
00:10:27,959 --> 00:10:29,750
Yeah, that he couldn't
understand why anybody

188
00:10:29,834 --> 00:10:31,792
would want to sit with his
rivals and give away good plays.

189
00:10:31,875 --> 00:10:33,375
The whys
and goddamned wherefores

190
00:10:33,458 --> 00:10:36,208
are not for you to concern
your pretty little heads with.

191
00:10:36,291 --> 00:10:38,792
I think it's great
that we're invited, considering.

192
00:10:38,875 --> 00:10:41,667
We're kind of the most toxic
shop on the street right now.

193
00:10:41,750 --> 00:10:43,875
They begged him to come,
sent emissaries, gifts,

194
00:10:43,959 --> 00:10:47,250
all to ensure he'd be there
to share his insights.

195
00:10:47,333 --> 00:10:48,250
I'm so radioactive right now,

196
00:10:48,333 --> 00:10:50,667
I had to beg an invite
to this idea dinner.

197
00:10:50,750 --> 00:10:53,000
I need to understand
why you'd do that.

198
00:10:53,083 --> 00:10:54,500
Why do you think it matters?

199
00:10:54,583 --> 00:10:56,000
Look at where I am.

200
00:10:56,083 --> 00:10:58,583
Indicted,
thanks to your husband.

201
00:10:58,667 --> 00:11:02,125
Thanks to you giving in
to the worst of your instincts.

202
00:11:02,208 --> 00:11:03,792
Well, yeah, maybe that, too.

203
00:11:03,875 --> 00:11:05,792
But the point is
I'm about to stand trial.

204
00:11:05,875 --> 00:11:09,458
If I win,
I want a company to return to.

205
00:11:09,542 --> 00:11:11,709
The government,
by freezing my funds,

206
00:11:11,792 --> 00:11:14,417
is trying to tell the story
that we're crooked.

207
00:11:14,500 --> 00:11:15,583
They know we're not.

208
00:11:15,667 --> 00:11:19,250
They know they spent years
trying and failing to prove it,

209
00:11:19,333 --> 00:11:20,333
but the story
is being written

210
00:11:20,417 --> 00:11:21,583
every day now.

211
00:11:21,667 --> 00:11:24,125
So events
like this idea dinner,

212
00:11:24,208 --> 00:11:25,417
they also tell a story.

213
00:11:25,500 --> 00:11:26,625
So if I'm there,
I'm telling the story

214
00:11:26,709 --> 00:11:29,750
that I'm not cowering,
I'm not hiding,

215
00:11:29,834 --> 00:11:30,917
I'm not defeated.

216
00:11:31,000 --> 00:11:33,333
But I can't just show up.
I have to dominate it.

217
00:11:33,417 --> 00:11:35,083
The only thing is,

218
00:11:35,166 --> 00:11:38,291
for the first time
in my life,

219
00:11:38,375 --> 00:11:42,625
I don't think I can.

220
00:11:42,709 --> 00:11:44,583
Fear?

221
00:11:44,667 --> 00:11:45,834
Rage.

222
00:11:45,917 --> 00:11:49,667
We need to arm him with an idea
that will shock and awe

223
00:11:49,750 --> 00:11:52,458
so the dinner ends
with Axe's idea

224
00:11:52,542 --> 00:11:54,500
e-mailed and texted
from firm to firm,

225
00:11:54,583 --> 00:11:56,792
leaving no doubt
we are still the sharpest.

226
00:11:56,875 --> 00:11:58,583
So go generate some speedballs
he can dazzle with

227
00:11:58,667 --> 00:12:02,667
or go the fuck home
for good.

228
00:12:09,959 --> 00:12:12,583
You're not authorized
to guarantee bonuses.

229
00:12:12,667 --> 00:12:14,917
Your ego just wrote a check
your body can't cash.

230
00:12:15,000 --> 00:12:16,458
I appreciate you waiting
until after the meeting

231
00:12:16,542 --> 00:12:18,625
to hit me with that one.

232
00:12:18,709 --> 00:12:19,750
I know holding back
doesn't come naturally.

233
00:12:19,834 --> 00:12:22,709
Well, I was so shocked
you could quote "Top Gun,"

234
00:12:22,792 --> 00:12:23,959
it took me a second
to respond.

235
00:12:24,041 --> 00:12:26,750
I figure speaking their language
is part of the job now.

236
00:12:26,834 --> 00:12:27,625
But none of this
is going to matter

237
00:12:27,709 --> 00:12:30,291
unless Axe gets us
back in the game.

238
00:12:30,375 --> 00:12:33,458
I have our best man
working on it right now.

239
00:12:33,542 --> 00:12:34,625
I want to run
a Dickens process.

240
00:12:34,709 --> 00:12:37,667
Tony Robbins took me through it
a few years back, so...

241
00:12:37,750 --> 00:12:38,333
Sit down.

242
00:12:44,208 --> 00:12:46,375
I take you to specific
moments in your life,

243
00:12:46,458 --> 00:12:47,834
use them to jump
into the future.

244
00:12:47,917 --> 00:12:49,500
You get to experience
different possible versions

245
00:12:49,583 --> 00:12:51,625
of your life, like in...

246
00:12:51,709 --> 00:12:55,166
Like "A Christmas Carol,"
hence, Dickens.

247
00:12:55,250 --> 00:12:57,166
Let's find a moment
early on

248
00:12:57,250 --> 00:12:59,417
when your rage served you.

249
00:12:59,500 --> 00:13:01,583
Close your eyes.

250
00:13:03,542 --> 00:13:07,125
Let it come to you.

251
00:13:10,250 --> 00:13:13,375
Fifth grade.

252
00:13:13,458 --> 00:13:14,875
I needed money.

253
00:13:14,959 --> 00:13:17,750
There were these rich
eighth-grade pricks

254
00:13:17,834 --> 00:13:18,834
from Harrison.

255
00:13:18,917 --> 00:13:20,667
God, I hated
their stupid faces.

256
00:13:20,750 --> 00:13:23,625
I had an Islander jersey
and a Koho hockey stick.

257
00:13:23,709 --> 00:13:26,250
I signed 'em Mike Bossy
and Bryan Trottier,

258
00:13:26,333 --> 00:13:28,166
and the dickbags bought 'em.

259
00:13:28,250 --> 00:13:29,291
What'd you get?

260
00:13:29,375 --> 00:13:32,750
$300 cash,
new sneakers, Atari.

261
00:13:32,834 --> 00:13:34,750
When they found out,
they went to town on me

262
00:13:34,834 --> 00:13:35,583
like
Dave "The Hammer" Schultz.

263
00:13:35,667 --> 00:13:40,208
God, I got so angry at them,

264
00:13:40,291 --> 00:13:42,542
my parents
for not having enough money,

265
00:13:42,625 --> 00:13:45,417
myself for getting caught.

266
00:13:45,500 --> 00:13:48,583
That rage...

267
00:13:48,667 --> 00:13:51,041
grew in me.

268
00:13:51,125 --> 00:13:53,375
It worked like jet fuel
for years.

269
00:13:53,458 --> 00:13:55,417
It was useful.

270
00:13:55,500 --> 00:13:58,250
Yeah. Fuck, yeah, it was.
Got me here.

271
00:13:58,333 --> 00:14:01,041
Your brain, instincts,
market feel, all that,

272
00:14:01,125 --> 00:14:02,166
had more to do with it.

273
00:14:02,250 --> 00:14:03,709
But for the moment,
let's agree

274
00:14:03,792 --> 00:14:05,417
that the rage worked
for a time.

275
00:14:05,500 --> 00:14:08,166
But let's look for a moment
when it was the wrong tool

276
00:14:08,250 --> 00:14:10,250
and it cost you
more than it made you.

277
00:14:10,333 --> 00:14:12,250
We're gonna talk
about your husband now?

278
00:14:12,333 --> 00:14:13,917
No, about you

279
00:14:14,000 --> 00:14:16,709
and how when you allow
your anger

280
00:14:16,792 --> 00:14:19,250
to make you blind
to consequences,

281
00:14:19,333 --> 00:14:22,542
it shuts off those other
more crucial skills.

282
00:14:25,667 --> 00:14:27,375
Let's take a moment

283
00:14:27,458 --> 00:14:29,208
from your personal life

284
00:14:29,291 --> 00:14:32,792
with Lara.

285
00:14:32,875 --> 00:14:35,875
She'd say I allowed my anger
to throw everything away,

286
00:14:36,000 --> 00:14:38,333
to crack the foundation
of trust.

287
00:14:38,417 --> 00:14:41,333
So what if you could go
back into your past?

288
00:14:41,417 --> 00:14:44,125
How would you handle
that memorabilia sale?

289
00:14:44,208 --> 00:14:46,125
My past?

290
00:14:46,208 --> 00:14:47,083
Nah, I wouldn't change it.

291
00:14:49,542 --> 00:14:51,667
Good. We can't.

292
00:14:51,750 --> 00:14:53,709
But holding on
to the feeling

293
00:14:53,792 --> 00:14:55,792
of that rage,
look to the future.

294
00:14:55,875 --> 00:14:57,667
Where do you see yourself
in five years

295
00:14:57,750 --> 00:15:00,125
if you carry on this way,

296
00:15:00,208 --> 00:15:04,417
if you continue to carry
the weight of this anger?

297
00:15:04,500 --> 00:15:07,542
Where are you in 10?

298
00:15:07,625 --> 00:15:09,834
20?

299
00:15:09,917 --> 00:15:11,959
Are you happy?

300
00:15:12,041 --> 00:15:14,792
Are you fulfilled?

301
00:15:14,875 --> 00:15:18,875
Or are you lonely, bitter?

302
00:15:18,959 --> 00:15:22,041
Lashing out.

303
00:15:22,125 --> 00:15:23,917
Fuck Dickens!

304
00:15:24,959 --> 00:15:27,542
All I see is jail

305
00:15:27,625 --> 00:15:30,041
and the company I spent
my lifetime building up

306
00:15:30,125 --> 00:15:31,000
reduced to rubble.

307
00:15:31,083 --> 00:15:33,709
Look, I want to do this
with you.

308
00:15:33,792 --> 00:15:36,333
I want to believe
that it can help.

309
00:15:36,417 --> 00:15:38,834
But I just don't think
I can.

310
00:15:38,917 --> 00:15:42,333
Okay.

311
00:15:42,417 --> 00:15:46,166
But now you know exactly
where your focus needs to be,

312
00:15:46,250 --> 00:15:47,667
where you need to be.

313
00:15:47,750 --> 00:15:49,458
At the office.

314
00:15:49,542 --> 00:15:52,041
And when you get back home
from this conclave,

315
00:15:52,125 --> 00:15:53,959
make sure you get
with your people.

316
00:15:54,041 --> 00:15:57,625
Make sure we are all
on the same bill of lading.

317
00:15:57,709 --> 00:15:59,208
There's a new sheriff in town.

318
00:15:59,291 --> 00:16:00,959
You are all my deputies.

319
00:16:01,041 --> 00:16:03,834
Gonna be one hell
of a turkey shoot!

320
00:16:03,917 --> 00:16:05,917
Thank you!

321
00:16:06,000 --> 00:16:07,166
God bless you.

322
00:16:10,625 --> 00:16:12,834
Are we still employed?

323
00:16:12,917 --> 00:16:14,333
We seem to be.

324
00:16:14,417 --> 00:16:17,333
Mm. And the shift in agenda
he was talking about,

325
00:16:17,417 --> 00:16:18,208
that hits us?

326
00:16:18,291 --> 00:16:20,500
Mm-hmm, but we press on,
as always.

327
00:16:20,583 --> 00:16:23,917
I'll handle the optics,
and we'll manage up the chain.

328
00:16:24,000 --> 00:16:27,208
Just so you know,
I'm as nimble as I need to be.

329
00:16:27,291 --> 00:16:28,417
I count on that.

330
00:16:28,500 --> 00:16:30,375
This is the fissile material.

331
00:16:30,458 --> 00:16:31,917
You'll know what to do.

332
00:16:32,000 --> 00:16:32,875
Well, well, well.

333
00:16:32,959 --> 00:16:35,834
Bryan Connerty
and his new lord.

334
00:16:35,917 --> 00:16:37,834
May your reign be long
and fruitful.

335
00:16:37,917 --> 00:16:40,583
I serve at the pleasure...

336
00:16:40,667 --> 00:16:42,417
Don't we all?

337
00:16:42,500 --> 00:16:44,083
Freezing the assets?

338
00:16:44,166 --> 00:16:47,083
Now, that's an Ivan Koloff bear
hug you're putting on the man.

339
00:16:47,166 --> 00:16:49,250
You're squeezing the breath
out of him.

340
00:16:49,333 --> 00:16:50,750
I was more Iron Sheik era.

341
00:16:50,834 --> 00:16:51,750
All right, fine.

342
00:16:51,834 --> 00:16:54,375
It's a camel clutch,
and a hell of a good one.

343
00:16:54,458 --> 00:16:56,125
You seem pretty comfy
at his elbow.

344
00:16:56,208 --> 00:16:58,041
That's the job.

345
00:16:58,125 --> 00:16:58,834
Until it ain't.

346
00:16:58,917 --> 00:17:01,667
Man, ain't that the truth?

347
00:17:01,750 --> 00:17:04,417
But you can't let this monster
have a chance to recover.

348
00:17:04,500 --> 00:17:06,333
Yes. I'll use my leverage
and strength

349
00:17:06,417 --> 00:17:08,250
and get something valuable
in return.

350
00:17:08,333 --> 00:17:09,792
I know my job, Chuck.

351
00:17:09,875 --> 00:17:13,041
And I also know the real reason
you need this to go quickly.

352
00:17:13,125 --> 00:17:16,083
Oh? And what do you imagine
that is?

353
00:17:16,166 --> 00:17:17,834
You are like a man who committed
a crime of passion.

354
00:17:17,917 --> 00:17:21,917
In the moment,
it felt so right.

355
00:17:22,000 --> 00:17:23,375
But in the morning,

356
00:17:23,458 --> 00:17:25,709
all he sees is the blood
splashed on the walls

357
00:17:25,792 --> 00:17:28,000
of his dead lover's bedroom,

358
00:17:28,083 --> 00:17:30,291
and he just wants it
all to go away,

359
00:17:30,375 --> 00:17:31,917
but it can't.

360
00:17:32,000 --> 00:17:34,125
I'm going to prosecute the case
to the full extent of the law

361
00:17:34,208 --> 00:17:37,417
without breaking the terms
of our agreement.

362
00:17:37,500 --> 00:17:39,417
So if you don't clean up
all the blood

363
00:17:39,500 --> 00:17:40,959
before the cops get there,

364
00:17:41,041 --> 00:17:43,667
I cannot guarantee your DNA
stays out of the courtroom.

365
00:17:43,750 --> 00:17:47,333
This is a conversation we need
to finish somewhere else...

366
00:17:47,417 --> 00:17:48,500
private.

367
00:18:05,750 --> 00:18:06,917
Hey.

368
00:18:07,000 --> 00:18:07,375
Hey.

369
00:18:08,750 --> 00:18:10,458
You ready?

370
00:18:10,542 --> 00:18:11,750
Yeah.

371
00:18:11,834 --> 00:18:12,375
Let's do this.

372
00:18:14,208 --> 00:18:17,166
And newly appointed
U.S. Treasury Secretary

373
00:18:17,250 --> 00:18:19,917
Todd Krakow was sworn in today.

374
00:18:20,000 --> 00:18:21,291
Look at that preening fuck.

375
00:18:21,375 --> 00:18:25,834
You know, his name on money may
actually make me like him less.

376
00:18:25,917 --> 00:18:28,208
Hello, Bobby.

377
00:18:29,333 --> 00:18:30,834
Birch!

378
00:18:30,917 --> 00:18:31,500
- Axe.
- Wendy.

379
00:18:31,583 --> 00:18:33,667
Lara.

380
00:18:35,917 --> 00:18:38,291
I'm here
to go over my assets.

381
00:18:38,375 --> 00:18:40,625
You were supposed to bring
a business manager

382
00:18:40,709 --> 00:18:41,750
or accountant,
not a competitor.

383
00:18:41,834 --> 00:18:44,500
I only compete with currently
active hedge funds.

384
00:18:44,583 --> 00:18:46,291
Ding, ding, ding!
I want a clean fight.

385
00:18:46,375 --> 00:18:47,458
Protect yourselves at all times.

386
00:18:47,542 --> 00:18:49,166
There'll be no
standing eight count.

387
00:18:49,250 --> 00:18:50,208
Give Lara full access
to the books.

388
00:18:50,291 --> 00:18:53,208
She has a right to see
the state of things.

389
00:18:53,291 --> 00:18:55,834
As you wish, my liege.

390
00:19:01,291 --> 00:19:04,542
Run her through
where the bodies are buried.

391
00:19:07,750 --> 00:19:10,333
This column,

392
00:19:10,417 --> 00:19:12,250
this one,
this one, and this one

393
00:19:12,333 --> 00:19:14,208
are the main holdings.

394
00:19:14,291 --> 00:19:16,041
There you have it.

395
00:19:16,125 --> 00:19:18,542
I see the balance
on the accounts.

396
00:19:18,625 --> 00:19:20,417
And what a soaring,
fat balance it is.

397
00:19:20,500 --> 00:19:22,041
We need to see
the trade history

398
00:19:22,125 --> 00:19:24,333
leading up to the redemptions
and cash positions.

399
00:19:24,417 --> 00:19:25,375
Sure. Let me bring up
a different screen.

400
00:19:25,458 --> 00:19:27,375
Like Squanto should have said
to the pilgrims,

401
00:19:27,458 --> 00:19:30,291
"Get the fuck out of here."
- Wags, come on.

402
00:19:30,375 --> 00:19:31,458
It's proprietary.
You're not seeing it.

403
00:19:31,542 --> 00:19:35,125
- This is bullshit, Wags.
- Lara, we're not having a fight.

404
00:19:35,208 --> 00:19:36,917
I'm telling you, you're not
gonna see that shit.

405
00:19:37,000 --> 00:19:37,875
As is often the case,

406
00:19:37,959 --> 00:19:39,333
the longer you can hold off,
the more likely

407
00:19:39,417 --> 00:19:42,250
you'll be screaming in pleasure
at the end.

408
00:19:42,333 --> 00:19:43,917
We're not making a porno,
Orrin,

409
00:19:44,000 --> 00:19:45,375
though I appreciate the effort
to make me laugh.

410
00:19:45,458 --> 00:19:49,375
My father always said laughter
was the best medicine,

411
00:19:49,458 --> 00:19:51,166
which is why I was so confused

412
00:19:51,250 --> 00:19:53,875
when I finally tried cocaine
in the '80s.

413
00:19:55,667 --> 00:19:57,750
Okay.
You lightened my mood.

414
00:19:57,834 --> 00:20:00,166
Now make me really happy
and tell me how we expose

415
00:20:00,250 --> 00:20:01,750
all the shit
that Rhoades pulled

416
00:20:01,834 --> 00:20:02,834
to suck me in.

417
00:20:02,917 --> 00:20:05,250
Easier said, Bobby,
because we can't introduce that

418
00:20:05,333 --> 00:20:08,250
without confirming
your actions as a response.

419
00:20:08,333 --> 00:20:10,250
We'd be virtually admitting
your role.

420
00:20:10,333 --> 00:20:14,041
What he did,
it's a fucking crime.

421
00:20:14,125 --> 00:20:17,000
Maybe.
But it's not a defense.

422
00:20:17,083 --> 00:20:18,458
All right, get to the rest.

423
00:20:18,542 --> 00:20:23,083
Let's get our new head
of compliance up here.

424
00:20:47,291 --> 00:20:48,834
The answer man is here.

425
00:20:48,917 --> 00:20:52,333
The charges carry
a long potential sentence.

426
00:20:52,417 --> 00:20:53,375
15 to 20 years

427
00:20:53,458 --> 00:20:57,000
and tens of millions
in fines, of course.

428
00:20:57,083 --> 00:20:59,542
They're using the locked-up
money to distract us

429
00:20:59,625 --> 00:21:02,208
as they meticulously build
their case.

430
00:21:02,291 --> 00:21:04,792
They are using the locked money
to do three things.

431
00:21:04,875 --> 00:21:06,166
One, to make me take a plea.

432
00:21:06,250 --> 00:21:08,583
Two, to make it hard
for my people so they'll quit.

433
00:21:08,667 --> 00:21:11,125
And, three, to spread the word
through implication

434
00:21:11,208 --> 00:21:13,041
that this is about more than
my actions against Ice Juice,

435
00:21:13,125 --> 00:21:15,667
that we are
an illegal enterprise.

436
00:21:15,750 --> 00:21:16,792
Turn on the telestrator,

437
00:21:16,875 --> 00:21:19,875
because you just diagramed
the shit out of this.

438
00:21:22,375 --> 00:21:24,333
How long can they really
keep it frozen?

439
00:21:24,417 --> 00:21:25,375
Wrong question.

440
00:21:25,458 --> 00:21:27,208
This is where
the holding out comes in.

441
00:21:27,291 --> 00:21:29,458
Don't let anyone know
you care.

442
00:21:29,542 --> 00:21:32,834
Mm, we'll find a way
to get you liquid again

443
00:21:32,917 --> 00:21:34,333
in four to six months.

444
00:21:34,417 --> 00:21:36,041
Months? Fuck that.

445
00:21:36,125 --> 00:21:38,166
There is one idea that might
get it done right away,

446
00:21:38,250 --> 00:21:41,375
but it's one
you're going to hate.

447
00:21:41,458 --> 00:21:45,375
Give up your so-called
license to trade.

448
00:21:45,458 --> 00:21:48,667
Walk away from the table.
Cash in your chips.

449
00:21:48,750 --> 00:21:52,083
They'd be forced to release
the bulk of your money.

450
00:21:52,166 --> 00:21:53,417
That is the only angle
that I see.

451
00:21:53,500 --> 00:21:56,959
And if it's the only angle
that I see,

452
00:21:57,041 --> 00:21:58,667
it's the only angle there is.

453
00:21:58,750 --> 00:22:00,208
You agree to stop trading,
you personally,

454
00:22:00,291 --> 00:22:03,166
and they give you back
your money.

455
00:22:03,250 --> 00:22:05,625
We would set something up
where Axe Cap trades it

456
00:22:05,709 --> 00:22:06,542
without your direction.

457
00:22:06,625 --> 00:22:09,250
It would function
like a blind trust,

458
00:22:09,333 --> 00:22:11,083
but the language
would be such

459
00:22:11,166 --> 00:22:13,709
and they'd be releasing
so much money back to you

460
00:22:13,792 --> 00:22:15,000
that if you violated it...

461
00:22:15,083 --> 00:22:17,291
Oh, that is a bozo no-no.

462
00:22:17,375 --> 00:22:20,750
Do that and you would earn
yourself a lifetime ban...

463
00:22:20,834 --> 00:22:22,417
and more.

464
00:22:24,583 --> 00:22:26,542
No.

465
00:22:26,625 --> 00:22:27,083
No fuckin' way.

466
00:22:27,166 --> 00:22:28,500
I'll never do that.

467
00:22:28,583 --> 00:22:31,583
If I give up my ability
to trade, I'm agreeing

468
00:22:31,667 --> 00:22:33,583
that they're right and I built
all this by cheating.

469
00:22:36,417 --> 00:22:38,917
I might as well give up
my license to breathe.

470
00:22:39,000 --> 00:22:40,917
You guys have to work it out
yourselves.

471
00:22:41,000 --> 00:22:42,542
Do not put me
in the middle of it.

472
00:22:42,625 --> 00:22:43,458
What the fuck is...

473
00:22:46,291 --> 00:22:47,166
What's the problem?

474
00:22:47,250 --> 00:22:49,583
Your lap dog
is not cooperating.

475
00:22:49,667 --> 00:22:50,792
Wags, although Lara
should have faith,

476
00:22:50,875 --> 00:22:54,208
because I've shown I'm pretty
good at making a dollar,

477
00:22:54,291 --> 00:22:55,875
she has a right to choose
and make her own decisions,

478
00:22:55,959 --> 00:22:57,834
like I told you.

479
00:22:57,917 --> 00:22:59,417
I thought you were telling me
with a wink.

480
00:22:59,500 --> 00:23:00,959
That's why I played back
with the "liege" stuff.

481
00:23:01,041 --> 00:23:02,667
- Did I wink at you, ever?
- Not an actual wink, but...

482
00:23:02,750 --> 00:23:05,208
Are you planning on giving him
your money to manage?

483
00:23:05,291 --> 00:23:07,792
If it ever gets unfrozen,
I might.

484
00:23:07,875 --> 00:23:10,208
- Why?
- For general health, financial,

485
00:23:10,291 --> 00:23:11,500
and for things between us.

486
00:23:11,583 --> 00:23:13,500
Now that I'm able
to take outside money,

487
00:23:13,583 --> 00:23:14,834
I thought I'd start
with friends and family.

488
00:23:14,917 --> 00:23:16,750
We're neither.

489
00:23:16,834 --> 00:23:19,041
Listen, Lara,
I won't micromanage you.

490
00:23:19,125 --> 00:23:21,667
But if you really plan

491
00:23:21,750 --> 00:23:24,250
on giving billions of dollars
to this stock jockey,

492
00:23:24,333 --> 00:23:25,375
ask him this,

493
00:23:25,458 --> 00:23:28,834
how he's codified the behavioral
heuristics at his firm

494
00:23:28,917 --> 00:23:31,458
from stock selection
to position sizing

495
00:23:31,542 --> 00:23:33,959
to market timing
to risk management.

496
00:23:34,041 --> 00:23:34,750
He hasn't,

497
00:23:34,834 --> 00:23:38,041
because his
decision-flow process

498
00:23:38,125 --> 00:23:40,083
is Google, Exxon,
Proctor and Gamble,

499
00:23:40,166 --> 00:23:42,166
same as any old lady
in Kansas City,

500
00:23:42,250 --> 00:23:44,583
except she won't charge you
two and twenty for it.

501
00:23:44,667 --> 00:23:45,667
We are all in
the same game, Axe,

502
00:23:45,750 --> 00:23:48,750
protecting assets
and trying to find that edge.

503
00:23:48,834 --> 00:23:50,875
You have about as much edge
as Mister Rogers.

504
00:23:50,959 --> 00:23:51,917
Okay, guys!

505
00:23:53,333 --> 00:23:55,875
Okay, you go on ahead,
sweetheart.

506
00:23:55,959 --> 00:23:58,500
You look into everything
you want with Birch,

507
00:23:58,583 --> 00:24:01,333
and I will support
whatever you decide.

508
00:24:02,959 --> 00:24:03,834
Thank you, Bobby.

509
00:24:03,917 --> 00:24:06,667
You really want me
to let 'em into the books

510
00:24:06,750 --> 00:24:07,667
and see the trades?

511
00:24:07,750 --> 00:24:09,750
Lots of guys watch
Bruce Lee movies.

512
00:24:09,834 --> 00:24:11,625
Doesn't mean
you can do karate.

513
00:24:15,208 --> 00:24:17,667
Boot up the screen.

514
00:24:20,458 --> 00:24:22,375
I still can't believe
he made that move.

515
00:24:22,458 --> 00:24:23,750
It was the smart thing
to do.

516
00:24:23,834 --> 00:24:27,458
If I'd known what you were
doing, I would have never...

517
00:24:27,542 --> 00:24:28,667
Yes. No.

518
00:24:28,750 --> 00:24:30,792
I mean, if you'd known,
if you'd told me,

519
00:24:30,875 --> 00:24:32,000
if I'd known...

520
00:24:32,083 --> 00:24:34,667
It was a moment of peak.
I'm gonna stop and tell you?

521
00:24:34,750 --> 00:24:35,625
Wish you had.

522
00:24:35,709 --> 00:24:37,250
You were very convincing.

523
00:24:37,333 --> 00:24:40,041
But, in a way, it all had to
play itself out, didn't it?

524
00:24:40,125 --> 00:24:41,875
If I had known
what you were gonna do...

525
00:24:41,959 --> 00:24:44,208
- You'd have tried to stop me.
- Yes, I would have,

526
00:24:44,291 --> 00:24:45,583
and I might have succeeded.

527
00:24:45,667 --> 00:24:48,375
Well, that would have been
better in one way...

528
00:24:48,458 --> 00:24:50,458
but worse
in all the others...

529
00:24:50,542 --> 00:24:55,208
because now we are home,
and we are a "we" again.

530
00:24:55,291 --> 00:24:56,875
And if I hadn't have done
a thing,

531
00:24:56,959 --> 00:24:57,709
who knows
how I'd have felt,

532
00:24:57,792 --> 00:24:59,166
what resentments
might have festered?

533
00:24:59,250 --> 00:25:00,208
But you did and I did,

534
00:25:00,291 --> 00:25:02,917
and there is nothing
festering.

535
00:25:05,250 --> 00:25:07,458
Except for the thing
I'm off to deal with now.

536
00:25:07,542 --> 00:25:08,041
Yeah.

537
00:25:08,125 --> 00:25:09,625
Except that.

538
00:25:14,667 --> 00:25:16,500
Thank you.

539
00:25:18,166 --> 00:25:20,917
Your wife,
she still down in D.C.?

540
00:25:21,000 --> 00:25:22,417
Yes, outside.

541
00:25:22,500 --> 00:25:23,667
You must miss her.

542
00:25:23,750 --> 00:25:26,792
We talk every day,
and the train ride is only...

543
00:25:26,875 --> 00:25:28,917
Sure it is.
But the problem is

544
00:25:29,000 --> 00:25:31,041
that the free flow
of information,

545
00:25:31,125 --> 00:25:35,083
the casual details of the day,
can get lost.

546
00:25:35,166 --> 00:25:36,375
You know,
for a time, even though

547
00:25:36,458 --> 00:25:39,750
we did reside in the same house,
my wife and I lived that way.

548
00:25:39,834 --> 00:25:42,583
You're telling me that you
and your wife have no secrets?

549
00:25:42,667 --> 00:25:44,333
Oh I'm certain
some are still lurking.

550
00:25:44,417 --> 00:25:47,750
We all mask certain emotions,

551
00:25:47,834 --> 00:25:50,125
often our most intense ones,

552
00:25:50,208 --> 00:25:51,250
like Bjorn Borg did.

553
00:25:51,333 --> 00:25:52,709
But like Borg,

554
00:25:52,792 --> 00:25:56,834
eventually, it'll end up
costing you everything,

555
00:25:56,917 --> 00:25:58,625
so we're digging in, right?

556
00:25:58,709 --> 00:25:59,750
Digging in.
- Ah.

557
00:25:59,834 --> 00:26:02,792
She told you
about her short on Ice Juice.

558
00:26:02,875 --> 00:26:04,458
That's the kind of bond
we have.

559
00:26:04,542 --> 00:26:05,792
So you are here to tell me

560
00:26:05,875 --> 00:26:07,792
she will turn
state's evidence

561
00:26:07,875 --> 00:26:09,667
to avoid being the subject
of prosecution?

562
00:26:09,750 --> 00:26:12,875
She is a co-conspirator
in Axe's scheme.

563
00:26:12,959 --> 00:26:14,083
No, sir.

564
00:26:14,166 --> 00:26:17,583
She's safe due to the terms
of the deal you and I struck.

565
00:26:17,667 --> 00:26:20,166
That was about your father.

566
00:26:20,250 --> 00:26:23,041
I said me and my family.

567
00:26:23,125 --> 00:26:24,709
And you assented.

568
00:26:24,792 --> 00:26:28,583
And now you will say
this is unduly burdensome,

569
00:26:28,667 --> 00:26:31,375
which will force me to say
that it is less so

570
00:26:31,458 --> 00:26:33,250
than remaining a glorified
Internal Affairs grunt

571
00:26:33,333 --> 00:26:36,166
working out a dank office

572
00:26:36,250 --> 00:26:39,000
on the fringes
of our capital city.

573
00:26:39,083 --> 00:26:40,000
And, as you saw,

574
00:26:40,083 --> 00:26:41,667
Jock Jeffcoat is taking
my counsel these days

575
00:26:41,750 --> 00:26:45,041
on who should be in
and who should be out.

576
00:26:45,125 --> 00:26:47,250
There's only
so much compromise

577
00:26:47,333 --> 00:26:49,166
of my own system of morality

578
00:26:49,250 --> 00:26:51,291
that I can swallow.

579
00:26:51,375 --> 00:26:55,500
I happen to know
you're a Calvinist.

580
00:26:55,583 --> 00:27:00,291
You believe we're all fallen
beyond any hope for redemption.

581
00:27:00,375 --> 00:27:02,500
So answer me this.

582
00:27:02,583 --> 00:27:06,417
What's one more demerit
for a friend allied with you

583
00:27:06,500 --> 00:27:08,250
against a common foe?

584
00:27:08,333 --> 00:27:09,542
Ecumenically,
that's not exactly right,

585
00:27:09,625 --> 00:27:12,083
and it's borderline
offensive.

586
00:27:12,166 --> 00:27:14,083
But, also, it's...

587
00:27:14,166 --> 00:27:17,375
pretty much true.

588
00:27:17,458 --> 00:27:20,959
Okay. I'll do all I can

589
00:27:21,041 --> 00:27:23,500
to keep your wife
out of it,

590
00:27:23,583 --> 00:27:25,125
but now you owe me.

591
00:27:25,208 --> 00:27:26,375
Name it.

592
00:27:26,458 --> 00:27:28,375
I'll hold it in reserve.

593
00:27:28,458 --> 00:27:31,542
A favor to be named later.

594
00:27:33,333 --> 00:27:35,208
Look at you, huh?

595
00:27:35,291 --> 00:27:37,959
Muckin' in.

596
00:27:38,041 --> 00:27:39,458
Done.

597
00:27:39,542 --> 00:27:41,542
This is all on background,
no attribution.

598
00:27:41,625 --> 00:27:43,750
Yep, until
you want to go on record.

599
00:27:43,834 --> 00:27:45,291
Good. You know, if they
were gonna charge the firm,

600
00:27:45,375 --> 00:27:47,500
they would have.

601
00:27:47,583 --> 00:27:49,875
Well, isn't their argument
that this one instance

602
00:27:49,959 --> 00:27:52,625
could be the tip of the iceberg,
that they need to go

603
00:27:52,709 --> 00:27:55,417
through all the old trades
to see if there's a pattern?

604
00:27:55,500 --> 00:27:58,417
But that could take months.
It's harassment, Randy.

605
00:27:58,500 --> 00:27:59,917
They've already spent years

606
00:28:00,000 --> 00:28:00,917
going through
all those old trades,

607
00:28:01,000 --> 00:28:03,917
trying to make a case,
and they've failed.

608
00:28:04,000 --> 00:28:06,625
Now they've come up with this
story about me and sabotage,

609
00:28:06,709 --> 00:28:08,208
which you will see is false.

610
00:28:08,291 --> 00:28:09,959
Look, I shorted that company

611
00:28:10,041 --> 00:28:12,583
'cause I saw a faulty process
and bad financials,

612
00:28:12,667 --> 00:28:15,458
and I'm being penalized because
the markets agreed with me.

613
00:28:15,542 --> 00:28:16,500
I was set up.

614
00:28:16,583 --> 00:28:18,792
Now, soon you'll have
all these details,

615
00:28:18,875 --> 00:28:19,917
but what they are doing
right now

616
00:28:20,000 --> 00:28:23,625
is they're trying to ruin
not only my reputation

617
00:28:23,709 --> 00:28:26,250
but that of everyone
who works at Axe Capital,

618
00:28:26,333 --> 00:28:29,792
and that is the story
you should be digging into.

619
00:28:29,875 --> 00:28:31,125
Hi.

620
00:28:31,208 --> 00:28:32,417
Want dinner?

621
00:28:32,500 --> 00:28:35,375
Do we need to do that?

622
00:28:42,166 --> 00:28:43,542
Hey.

623
00:28:43,625 --> 00:28:46,166
On Axelrod, I could use to see
the transaction records

624
00:28:46,250 --> 00:28:48,250
of all the people
who bought or sold stock

625
00:28:48,333 --> 00:28:49,709
in the Ice Juice IPO,
the victims in this thing.

626
00:28:49,792 --> 00:28:52,000
You mean besides the people
who were poisoned?

627
00:28:52,083 --> 00:28:55,375
Yeah, they were about
the only ones who got paid.

628
00:28:55,458 --> 00:28:58,208
S.E.C. said you were holding
the records for some reason.

629
00:28:58,291 --> 00:28:59,959
I've got forensic
financial analysts

630
00:29:00,041 --> 00:29:01,458
combing through
all that now.

631
00:29:01,542 --> 00:29:04,375
I didn't want you to, uh,
bog down in those details.

632
00:29:04,458 --> 00:29:06,625
I like knowing
the minutiae in my cases.

633
00:29:06,709 --> 00:29:09,750
Good,
as I would expect you to.

634
00:29:09,834 --> 00:29:11,875
I'll get the results to you
ASAP.

635
00:29:12,000 --> 00:29:12,750
- Great.
- Okay.

636
00:29:12,834 --> 00:29:15,458
You know,
I was just wondering,

637
00:29:15,542 --> 00:29:17,667
who'd you get the initial tip
from that started all this?

638
00:29:17,750 --> 00:29:20,333
I should interview
him or her.

639
00:29:20,417 --> 00:29:22,625
I understand
why you're asking,

640
00:29:22,709 --> 00:29:25,000
but my tipster
is not exactly

641
00:29:25,083 --> 00:29:27,667
Blue Horseshoe
loves Anacott Steel.

642
00:29:27,750 --> 00:29:28,667
Just a foot soldier.

643
00:29:28,750 --> 00:29:30,792
It was enough info
to get the FBI going

644
00:29:30,875 --> 00:29:32,542
but not a firsthand witness.

645
00:29:32,625 --> 00:29:35,667
If there were material value,
I would share the name.

646
00:29:35,750 --> 00:29:37,750
Of course.
I know you would.

647
00:29:39,500 --> 00:29:43,083
I am glad that I asked Chuck
to send you to me.

648
00:29:43,166 --> 00:29:44,792
I need your expertise.

649
00:29:44,875 --> 00:29:46,834
Glad to be here, boss.

650
00:29:46,917 --> 00:29:49,667
Ugh. Don't call me "boss."
We're peers.

651
00:29:49,750 --> 00:29:51,500
In a hierarchy, yes,
but colleagues.

652
00:29:51,583 --> 00:29:54,250
Call me "Oliver."

653
00:29:54,333 --> 00:29:57,792
You got it.

654
00:29:57,875 --> 00:30:01,375
Never trust an officer
who doesn't ask you to salute.

655
00:30:01,458 --> 00:30:02,500
It means that
what he does demand of you

656
00:30:02,583 --> 00:30:04,709
is gonna be a lot worse.

657
00:30:04,792 --> 00:30:05,834
Dake.

658
00:30:05,917 --> 00:30:07,000
All of it.

659
00:30:07,083 --> 00:30:09,750
You know,
you're in law school now.

660
00:30:09,834 --> 00:30:11,875
How does this fact pattern
smell to you?

661
00:30:11,959 --> 00:30:13,959
I get transferred
to prosecute Axelrod,

662
00:30:14,041 --> 00:30:15,875
but then he puts
a blindfold on me.

663
00:30:15,959 --> 00:30:19,667
I can't access certain documents
or know who the tipster is?

664
00:30:19,750 --> 00:30:22,458
Well, there's nothing to be
done about it now, so...

665
00:30:22,542 --> 00:30:24,583
drinks?

666
00:30:37,959 --> 00:30:38,959
Again?

667
00:30:39,041 --> 00:30:40,542
Hmm.

668
00:30:40,625 --> 00:30:42,458
Have you tried blinking rapidly
100 times?

669
00:30:42,542 --> 00:30:44,333
Yeah, I've tried it all.

670
00:30:52,500 --> 00:30:54,667
We shouldn't have stopped
seeing her.

671
00:30:54,750 --> 00:30:55,458
When you leave things
unresolved,

672
00:30:55,542 --> 00:30:57,875
this is what happens.

673
00:30:57,959 --> 00:31:02,417
Mm. Maybe you're right.

674
00:31:02,500 --> 00:31:05,417
Let's make an appointment.

675
00:31:16,583 --> 00:31:18,542
I'm taking a walk.

676
00:31:23,750 --> 00:31:25,458
Chocolate egg cream, please.

677
00:31:25,542 --> 00:31:26,125
Coming right up.

678
00:31:30,625 --> 00:31:33,542
I thought I'd find you here.

679
00:31:33,625 --> 00:31:35,208
What do you want?

680
00:31:35,291 --> 00:31:39,333
I became single-minded
to the point of myopia.

681
00:31:39,417 --> 00:31:42,959
I know that I have
transgressed materially

682
00:31:43,041 --> 00:31:45,625
but, more importantly,
in terms of loyalty.

683
00:31:45,709 --> 00:31:48,709
I will devote myself
to the long and arduous process

684
00:31:48,792 --> 00:31:50,583
of making up for the latter.

685
00:31:50,667 --> 00:31:54,083
As to the former,
I have an offer for you.

686
00:31:56,041 --> 00:31:57,709
I have lined up a seat for you

687
00:31:57,792 --> 00:31:59,834
on the Theakston-Manley
asbestos trust,

688
00:31:59,917 --> 00:32:01,375
rubber-stamping claims.

689
00:32:01,458 --> 00:32:02,792
One meeting per quarter.

690
00:32:02,875 --> 00:32:05,834
Your fee, 350K a year.

691
00:32:05,917 --> 00:32:07,583
Now, that'll lead
to more similar seats

692
00:32:07,667 --> 00:32:09,917
once you impress people.

693
00:32:10,000 --> 00:32:11,834
You put together
three of these babies,

694
00:32:11,917 --> 00:32:13,333
that's a nice little
sinecure.

695
00:32:13,417 --> 00:32:15,667
Well, I was on my way
to being a zillionaire,

696
00:32:15,750 --> 00:32:17,166
and you're giving me
a sinecure.

697
00:32:19,709 --> 00:32:20,709
I understand
the rancor, Ira.

698
00:32:20,792 --> 00:32:23,208
I don't begrudge you it.

699
00:32:23,291 --> 00:32:24,959
And I hesitate to bring up

700
00:32:25,041 --> 00:32:26,959
what I know you already know,

701
00:32:27,041 --> 00:32:28,542
but I want to hear it from you

702
00:32:28,625 --> 00:32:29,667
now that the smoke
has cleared

703
00:32:29,750 --> 00:32:32,166
that you will not say a word
about my role in the IPO.

704
00:32:32,250 --> 00:32:36,500
You know that it's in your
best interest as well as mine,

705
00:32:36,583 --> 00:32:39,834
because that's how you'll get
paid off in your civil case.

706
00:32:39,917 --> 00:32:42,709
Well, I've been punting
my interview with Eastern

707
00:32:42,792 --> 00:32:44,917
as long as I can.
It'll go on the books soon.

708
00:32:45,000 --> 00:32:48,417
But, no, Chuck,
I won't say a word.

709
00:32:57,959 --> 00:33:03,125
Funny thing,
the egg cream, hmm?

710
00:33:03,208 --> 00:33:05,375
No egg in it,
no cream, either.

711
00:33:05,458 --> 00:33:07,667
Just chocolate syrup,

712
00:33:07,750 --> 00:33:10,291
a splash of milk, seltzer.

713
00:33:10,375 --> 00:33:14,041
I guess the French had a drink
called chocolat et crème.

714
00:33:14,125 --> 00:33:16,750
The American corruption for that
became "egg cream."

715
00:33:17,750 --> 00:33:20,583
Wonderful arcana.

716
00:33:20,667 --> 00:33:21,917
That's...
That's so Chuck of you.

717
00:33:22,000 --> 00:33:24,834
God, I used to love
that shit.

718
00:33:24,917 --> 00:33:27,291
Go home and write it
in my journal.

719
00:33:27,375 --> 00:33:30,709
Now that the smoke
has cleared,

720
00:33:30,792 --> 00:33:33,375
you need to hear something.

721
00:33:33,458 --> 00:33:34,792
I've realized...

722
00:33:34,875 --> 00:33:37,875
that you need all this,

723
00:33:37,959 --> 00:33:41,959
to put people
in impossible positions,

724
00:33:42,041 --> 00:33:43,458
to dominate with your will,

725
00:33:43,542 --> 00:33:46,417
to torture.

726
00:33:46,500 --> 00:33:47,667
I never think
in those terms.

727
00:33:47,750 --> 00:33:49,875
Well, you've forced me to.

728
00:33:49,959 --> 00:33:51,375
Let's talk it out.

729
00:33:51,458 --> 00:33:53,375
No, this is it.

730
00:33:53,458 --> 00:33:58,750
I'll never talk to you again
once this conversation's over,

731
00:33:58,834 --> 00:34:02,166
which it is.

732
00:34:37,542 --> 00:34:39,333
You coming in, nagusi?

733
00:34:39,417 --> 00:34:41,875
Nope. Case. All day.

734
00:34:41,959 --> 00:34:44,250
Something hot for Axe.
An iron condor with four...

735
00:34:44,333 --> 00:34:46,250
- Please. Go back to B school.
- Anything good yet?

736
00:34:46,333 --> 00:34:48,583
How about a strangle where
we arb the vega on...

737
00:34:48,667 --> 00:34:50,125
You go back to fucking yourself.

738
00:34:50,208 --> 00:34:51,959
I just need two minutes
with Taylor.

739
00:34:52,041 --> 00:34:53,375
Everyone does.
You have to wait.

740
00:34:53,458 --> 00:34:54,667
- Hey, Wags, listen...
- Don't want to fucking hear it.

741
00:34:54,750 --> 00:34:56,959
Nope. As soon as.

742
00:34:57,041 --> 00:34:59,959
Yeah, well, be all over Taylor
till they figure it out.

743
00:35:00,041 --> 00:35:01,542
If I flame this dinner...

744
00:35:01,625 --> 00:35:02,875
No chance, sahabi.

745
00:35:02,959 --> 00:35:04,500
Never let it happen.

746
00:35:04,583 --> 00:35:06,917
Orrin, time for you
to go see your protégé.

747
00:35:07,000 --> 00:35:08,667
You want me
to propose the deal?

748
00:35:08,750 --> 00:35:11,333
I want you to remind him
what happens to guys like him

749
00:35:11,417 --> 00:35:12,834
when they take
this big a swing and miss.

750
00:35:12,917 --> 00:35:14,000
I want you to remind him

751
00:35:14,083 --> 00:35:16,834
that the political winds
have shifted.

752
00:35:16,917 --> 00:35:18,333
It's better if I show up
with something to offer.

753
00:35:18,417 --> 00:35:22,625
Then bring him a glass of
fuckin' milk, but go do it.

754
00:35:30,166 --> 00:35:31,875
Field trip. Come on.

755
00:35:31,959 --> 00:35:33,208
Where?

756
00:35:33,291 --> 00:35:35,709
Somewhere we can talk
without everyone coming at us.

757
00:35:35,792 --> 00:35:37,417
I know a place.

758
00:35:47,125 --> 00:35:48,875
Ever seen Eastern Promises?

759
00:35:48,959 --> 00:35:52,542
No. Have you ever been
to one of these idea dinners?

760
00:35:52,625 --> 00:35:55,000
No seconds in attendance.

761
00:35:59,125 --> 00:36:01,542
Ugh.

762
00:36:03,458 --> 00:36:06,625
Where are we on an idea?

763
00:36:06,709 --> 00:36:09,792
Haven't fully cracked
the big one yet.

764
00:36:09,875 --> 00:36:11,417
Trying.

765
00:36:11,500 --> 00:36:12,542
Are you?

766
00:36:12,625 --> 00:36:13,375
Trying?

767
00:36:14,834 --> 00:36:18,417
Ask the real question.

768
00:36:18,500 --> 00:36:21,458
Are you shopping offers
on the street?

769
00:36:24,000 --> 00:36:25,500
Just to get it
out of the way,

770
00:36:25,583 --> 00:36:28,750
let me apologize for anything
that might have offended

771
00:36:28,834 --> 00:36:29,417
at the poker tournament.

772
00:36:29,500 --> 00:36:30,417
Now that I'm at Treasury,

773
00:36:30,500 --> 00:36:33,959
I need to find someone
to steward my firm.

774
00:36:34,041 --> 00:36:37,041
I'm already stewarding
a firm, a bigger one.

775
00:36:37,125 --> 00:36:38,625
Not that size matters.

776
00:36:38,709 --> 00:36:42,500
Right.

777
00:36:42,583 --> 00:36:45,917
Whatever Axe's flaws,
one thing he knows is people,

778
00:36:46,000 --> 00:36:48,417
and if he believes
you can do it well,

779
00:36:48,500 --> 00:36:49,667
I believe you can.

780
00:36:49,750 --> 00:36:51,834
And I'd actually be
hands off.

781
00:36:51,917 --> 00:36:53,959
Let you operate
as you saw fit.

782
00:36:54,041 --> 00:36:55,583
That's my situation now.

783
00:36:55,667 --> 00:36:58,500
Is it?

784
00:37:02,709 --> 00:37:04,208
I said no.

785
00:37:04,291 --> 00:37:05,709
With finality

786
00:37:05,792 --> 00:37:08,041
or as a negotiating ploy?

787
00:37:08,125 --> 00:37:10,917
Look, I know it's Axe's faith
that confers value on me

788
00:37:11,000 --> 00:37:12,750
until I have
a track record of my own,

789
00:37:12,834 --> 00:37:15,291
until others actually see
what I can do.

790
00:37:15,375 --> 00:37:16,792
So I am loyal to him.

791
00:37:16,875 --> 00:37:19,709
Until and unless it becomes
necessary, I will not leave.

792
00:37:19,792 --> 00:37:21,291
All right.

793
00:37:21,375 --> 00:37:23,458
You can take the heat.
I believe you.

794
00:37:30,458 --> 00:37:32,792
Such disrespect.

795
00:37:32,875 --> 00:37:35,500
Look at you,
sitting here with your tits out.

796
00:37:38,333 --> 00:37:41,166
You got a problem
with my tits?

797
00:37:41,250 --> 00:37:45,625
Or maybe
they're turning you on

798
00:37:45,709 --> 00:37:47,625
and that's the problem.

799
00:37:51,291 --> 00:37:53,875
You know, I could have done
that for myself.

800
00:37:53,959 --> 00:37:56,208
I know.
I wanted the release.

801
00:37:56,291 --> 00:37:59,625
It was even better
than a hand job.

802
00:37:59,709 --> 00:38:03,208
You chose to meet here
in the anteroom

803
00:38:03,291 --> 00:38:05,000
instead of the dining room.

804
00:38:05,083 --> 00:38:07,500
I seem to have lost
my appetite lately.

805
00:38:07,583 --> 00:38:10,583
- Hmm.
- And, no, it's not my health.

806
00:38:10,667 --> 00:38:11,667
Full workup.

807
00:38:11,750 --> 00:38:14,709
Radiology fine,
bloodwork perfect.

808
00:38:14,792 --> 00:38:15,792
Heart, too.

809
00:38:15,875 --> 00:38:18,041
Still, nothing
wants to stay down.

810
00:38:18,125 --> 00:38:20,583
So, what's got your duodenum
inside out?

811
00:38:20,667 --> 00:38:21,667
Want a hint?

812
00:38:21,750 --> 00:38:24,208
His name
is the same as mine.

813
00:38:24,291 --> 00:38:27,291
Oh, that boy is a feisty one,
there's no denying that.

814
00:38:27,375 --> 00:38:30,041
What he is
is unfit for office,

815
00:38:30,125 --> 00:38:31,417
unfit to run, even.

816
00:38:31,500 --> 00:38:34,125
I came here
to tell you that I am sorry

817
00:38:34,208 --> 00:38:36,583
I asked you
to put him forward.

818
00:38:36,667 --> 00:38:37,875
It was a mistake.

819
00:38:37,959 --> 00:38:41,583
And I will throw my full weight
behind whomever it is

820
00:38:41,667 --> 00:38:42,500
that you say I should.

821
00:38:42,583 --> 00:38:46,208
- Well, that's disheartening.
- It is.

822
00:38:46,291 --> 00:38:48,667
I hate delivering the message,
but I owe it to you.

823
00:38:48,750 --> 00:38:49,959
The candidate's
too volatile.

824
00:38:50,041 --> 00:38:51,166
He's unpredictable,

825
00:38:51,250 --> 00:38:53,667
a liability to all of us.

826
00:38:53,750 --> 00:38:54,917
Oh, Charles.

827
00:38:55,000 --> 00:38:57,834
For a father to speak
that way of his own son.

828
00:38:57,917 --> 00:38:59,291
I myself will pass up
supper tonight.

829
00:38:59,375 --> 00:39:02,625
That's how disappointing
I find this.

830
00:39:02,709 --> 00:39:04,417
So you understand?

831
00:39:04,500 --> 00:39:08,125
Not in the way
you hope I might.

832
00:39:08,208 --> 00:39:11,417
I have had this
in my possession,

833
00:39:11,500 --> 00:39:14,083
hoping not to be forced
to use it.

834
00:39:14,166 --> 00:39:17,291
But I cannot stand by

835
00:39:17,375 --> 00:39:20,083
and watch you run
that young man down.

836
00:39:20,166 --> 00:39:22,208
You used his money,
Charles,

837
00:39:22,291 --> 00:39:24,542
without his consent,
I might add,

838
00:39:24,625 --> 00:39:26,709
to invest in something
so risky

839
00:39:26,792 --> 00:39:28,500
as to almost be the ruin
of both of you.

840
00:39:28,583 --> 00:39:33,041
Now, I believe Chuck
will not only survive it

841
00:39:33,125 --> 00:39:34,000
but that the ruthlessness
he has shown

842
00:39:34,083 --> 00:39:36,083
these past few months

843
00:39:36,166 --> 00:39:39,291
will serve him well
on our shared mission,

844
00:39:39,375 --> 00:39:42,709
making him governor
of this great state.

845
00:39:42,792 --> 00:39:45,166
I'd like you
to embrace it.

846
00:39:45,250 --> 00:39:47,959
But you at least
have to accept it.

847
00:39:48,041 --> 00:39:49,959
Hmm.

848
00:39:50,041 --> 00:39:53,792
I accept nothing
when it comes to that boy.

849
00:39:53,875 --> 00:39:57,041
We'll see.

850
00:40:04,041 --> 00:40:09,000
Hello, Dad.

851
00:40:09,083 --> 00:40:11,750
Ah, let's all get
our appetites back, hmm?

852
00:40:11,834 --> 00:40:14,500
Together.
What do you say, Charles?

853
00:40:14,583 --> 00:40:18,291
This is a bridge too far,
Black Jack.

854
00:40:18,375 --> 00:40:20,125
This is a bridge

855
00:40:20,208 --> 00:40:22,667
too fucking far.

856
00:40:28,000 --> 00:40:31,375
Ah, he'll come 'round.

857
00:40:31,458 --> 00:40:35,417
I've seen this play
a thousand times.

858
00:40:35,500 --> 00:40:38,542
By the time
the curtain comes down,

859
00:40:38,625 --> 00:40:42,000
he'll take your hand,
and you'll share the bow.

860
00:40:42,959 --> 00:40:45,458
I don't know.

861
00:40:45,542 --> 00:40:49,000
Well, what's meant to happen
always does.

862
00:40:49,083 --> 00:40:51,000
Let's eat.
I'm fuckin' famished.

863
00:41:16,625 --> 00:41:20,542
That's some serious
fucking topspin.

864
00:41:20,625 --> 00:41:21,542
You putting sneakers on
for a match,

865
00:41:21,625 --> 00:41:25,208
or you come up here
with a specific proposal?

866
00:41:25,291 --> 00:41:26,709
Axe'll wait you out,

867
00:41:26,792 --> 00:41:30,959
no matter how long you manage
to keep the money frozen.

868
00:41:31,041 --> 00:41:32,709
He won't make a deal.

869
00:41:32,792 --> 00:41:34,333
We'll find out, huh?

870
00:41:34,417 --> 00:41:36,792
What's it going to be, Bryan?

871
00:41:36,875 --> 00:41:37,959
Pistols at dawn?

872
00:41:38,041 --> 00:41:40,083
Fists?

873
00:41:40,166 --> 00:41:42,625
You insist on picking
through every transaction,

874
00:41:42,709 --> 00:41:44,542
he'll embarrass you.

875
00:41:44,625 --> 00:41:45,709
Embarrassment is free.

876
00:41:45,792 --> 00:41:46,709
We'll cost your client
a fortune

877
00:41:46,792 --> 00:41:49,917
keeping his money
out of play for half a year,

878
00:41:50,000 --> 00:41:51,208
maybe his whole fortune.

879
00:41:51,291 --> 00:41:53,125
You can't even count
that high.

880
00:41:53,208 --> 00:41:54,375
It doesn't matter.

881
00:41:54,458 --> 00:41:56,583
The case has no support
in D.C.

882
00:41:56,667 --> 00:41:59,083
It used to,
but all that's changed.

883
00:41:59,166 --> 00:42:01,458
This is exactly
the type of matter

884
00:42:01,542 --> 00:42:04,041
the A.G. is walking
away from these days.

885
00:42:04,125 --> 00:42:06,208
No. No.

886
00:42:06,291 --> 00:42:08,083
He's walking away
from insider trading,

887
00:42:08,166 --> 00:42:09,875
funny accounting,
all sorts of shit,

888
00:42:09,959 --> 00:42:10,834
but the reason he can

889
00:42:10,917 --> 00:42:12,542
is because a case like this
gives him cover.

890
00:42:12,625 --> 00:42:15,792
People care about it
on a visceral level

891
00:42:15,875 --> 00:42:17,417
because it's about sabotage,

892
00:42:17,500 --> 00:42:20,542
breaking the public trust,
hurting the average guy twice,

893
00:42:20,625 --> 00:42:21,959
once
with the tainted juice,

894
00:42:22,041 --> 00:42:24,000
and a second time
with the stock pricing.

895
00:42:24,083 --> 00:42:27,083
How's that
for serious fucking topspin?

896
00:42:27,166 --> 00:42:29,041
You want us to ease off,

897
00:42:29,125 --> 00:42:31,375
you have to give something
in return.

898
00:42:31,458 --> 00:42:34,667
I understand your position,

899
00:42:34,750 --> 00:42:35,458
and at this time,

900
00:42:35,542 --> 00:42:39,166
I don't have
anything to offer.

901
00:42:39,250 --> 00:42:41,458
Then maybe wait until you do

902
00:42:41,542 --> 00:42:46,458
before wasting
my fucking time.

903
00:42:50,667 --> 00:42:52,959
Bach almost offered up
Axe's ability to trade.

904
00:42:53,041 --> 00:42:54,291
I felt it.

905
00:42:54,375 --> 00:42:58,208
Either he wasn't authorized,
or he sensed weakness.

906
00:42:58,291 --> 00:42:59,959
Did you show weakness?

907
00:43:00,041 --> 00:43:01,333
I did not.

908
00:43:01,417 --> 00:43:04,041
You have some scouting report
on me saying that I did?

909
00:43:04,125 --> 00:43:04,583
It was just a question.

910
00:43:04,667 --> 00:43:07,417
A better question is

911
00:43:07,500 --> 00:43:08,417
which is Axelrod
going to bet on,

912
00:43:08,500 --> 00:43:11,500
his present or his future?

913
00:43:11,583 --> 00:43:14,125
A man who believes
he'll win at trial

914
00:43:14,208 --> 00:43:15,291
sits calmly on the sideline
for six months

915
00:43:15,375 --> 00:43:17,667
until his money is unfrozen,

916
00:43:17,750 --> 00:43:20,166
and then he prevails in court,
goes on with his life.

917
00:43:20,250 --> 00:43:23,000
But a man who thinks he's going
to lose that trial?

918
00:43:23,083 --> 00:43:25,333
Well, he's desperate
to get his money

919
00:43:25,417 --> 00:43:26,625
back in the game
as soon as possible

920
00:43:26,709 --> 00:43:29,458
because he sees it
all going away.

921
00:43:29,542 --> 00:43:31,667
Him giving up trading

922
00:43:31,750 --> 00:43:34,250
would necessitate
a reinvention of who he is.

923
00:43:34,333 --> 00:43:37,000
I've seen him
walk away from the table

924
00:43:37,083 --> 00:43:38,083
on an impulse

925
00:43:38,166 --> 00:43:40,166
when we were certain
that only a deal

926
00:43:40,250 --> 00:43:41,667
would keep him
out of prison.

927
00:43:41,750 --> 00:43:44,000
No one gets where he got
by acting only on impulse.

928
00:43:44,083 --> 00:43:47,792
When it comes to billionaires
and Bobby Axelrod in particular,

929
00:43:47,875 --> 00:43:50,250
the thing
you got to understand is...

930
00:43:50,333 --> 00:43:51,542
they're meat-eaters.

931
00:43:51,625 --> 00:43:55,583
The only win they can live with
is total, present and future.

932
00:43:55,667 --> 00:43:57,375
If he gave up trading
and got his money back,

933
00:43:57,458 --> 00:43:59,875
it'd be because he believed

934
00:43:59,959 --> 00:44:03,208
he was gonna kick
our asses at trial.

935
00:44:03,291 --> 00:44:06,667
He expects to get all of it,
everything.

936
00:44:06,750 --> 00:44:08,291
That's who he is.

937
00:44:08,375 --> 00:44:10,041
But still,
we keep the pressure on.

938
00:44:10,125 --> 00:44:14,834
See if he makes a mistake
now that it's all on the line.

939
00:44:14,917 --> 00:44:16,542
And then,
no matter what he does,

940
00:44:16,625 --> 00:44:19,083
we have to
position ourselves

941
00:44:19,166 --> 00:44:21,625
to claim victory.

942
00:44:30,291 --> 00:44:31,875
Here, boy.

943
00:44:35,208 --> 00:44:37,000
Okay, break it down for me.

944
00:44:37,083 --> 00:44:39,875
We are the Czechoslovakian
gymnastics team in the '70s.

945
00:44:39,959 --> 00:44:42,083
A lot of pride
for what this country was,

946
00:44:42,166 --> 00:44:44,333
but if something doesn't change
soon, defections are coming.

947
00:44:44,417 --> 00:44:47,667
How'd Taylor do?

948
00:44:47,750 --> 00:44:49,083
Fine.

949
00:44:49,166 --> 00:44:51,917
- I'm not asking you to rat.
- I mean, you are.

950
00:44:52,000 --> 00:44:54,458
Well, I won't tell anyone
it came from you, but...

951
00:44:54,542 --> 00:44:56,709
It was a shit show.

952
00:44:59,250 --> 00:45:00,792
Yeah. Get me Taylor,
Wags, and Wendy.

953
00:45:04,166 --> 00:45:06,875
Why the fuck did you lead
the first morning meeting back

954
00:45:06,959 --> 00:45:08,125
without Wendy there
to handle the troops?

955
00:45:08,208 --> 00:45:11,250
- Taylor handled it, as well...
- I'm talking to both of you,

956
00:45:11,333 --> 00:45:14,125
and from what "Dollar Bill"
tells me, it was a shit show.

957
00:45:14,208 --> 00:45:16,458
- Hey, you ratted.
- I pay for the information.

958
00:45:16,542 --> 00:45:18,291
It's mine to use.
That's how it goes.

959
00:45:20,041 --> 00:45:23,917
Wendy wasn't here.
She was with you, I gather.

960
00:45:24,000 --> 00:45:24,959
We needed ideas.
We needed to come together...

961
00:45:25,041 --> 00:45:27,834
So you made a bad thing worse
by jumping in

962
00:45:27,917 --> 00:45:29,709
before you had a plan, and...
- No, Axe.

963
00:45:29,792 --> 00:45:30,500
It wouldn't have mattered
who was in the room

964
00:45:30,583 --> 00:45:31,667
with the PMs
and the traders.

965
00:45:31,750 --> 00:45:33,709
It was always gonna be
a shit show

966
00:45:33,792 --> 00:45:34,458
if the message wasn't
"We're liquid again."

967
00:45:34,542 --> 00:45:37,250
- Hallelujah.
- Don't be an ass.

968
00:45:37,333 --> 00:45:38,500
You're right.

969
00:45:38,583 --> 00:45:40,667
I meant Axe,
but you, too, Bill.

970
00:45:40,750 --> 00:45:41,917
Will you leave us alone
for a minute?

971
00:45:45,875 --> 00:45:48,959
Whoever you're trying
to destroy, stop.

972
00:45:49,041 --> 00:45:51,709
You need to focus
on fighting for your freedom.

973
00:45:51,792 --> 00:45:54,709
You know what
you're suggesting I do.

974
00:45:54,792 --> 00:45:57,208
The one thing
you can do right now.

975
00:45:57,291 --> 00:45:59,750
You taught me an average trader
makes a trade and feels good.

976
00:45:59,834 --> 00:46:02,500
A great trader makes a trade
and feels nothing,

977
00:46:02,583 --> 00:46:04,750
as in be cold and act.

978
00:46:04,834 --> 00:46:05,709
Don't get hung up on emotion.

979
00:46:05,792 --> 00:46:08,500
Give up trading
till the case is over.

980
00:46:08,583 --> 00:46:12,125
You get it back if you win.

981
00:46:12,208 --> 00:46:14,583
If you lose,
you've got bigger problems.

982
00:46:14,667 --> 00:46:17,000
Let them trade for you,
then feed the press a line

983
00:46:17,083 --> 00:46:19,333
about how it proves
the government has no case.

984
00:46:19,417 --> 00:46:23,709
Unless you're worried about
something harder to admit,

985
00:46:23,792 --> 00:46:27,583
that Taylor will be the public
face of Axe Cap and not you.

986
00:46:27,667 --> 00:46:28,625
It's Theseus's Ship.

987
00:46:28,709 --> 00:46:31,125
Once you change out the sails
and all the planks

988
00:46:31,208 --> 00:46:33,542
that make up the hull,
whose ship is it?

989
00:46:33,625 --> 00:46:35,500
Yeah. You got it.

990
00:46:35,583 --> 00:46:38,208
As long as it's your money,

991
00:46:38,291 --> 00:46:39,250
it is still Axe Capital,

992
00:46:39,333 --> 00:46:42,875
no matter who's making
the day-to-day decisions.

993
00:46:42,959 --> 00:46:44,667
Are you sure?

994
00:46:44,750 --> 00:46:49,291
It's not me
that has to be sure.

995
00:47:01,875 --> 00:47:03,709
- Yes?
- I'm holding in my hand

996
00:47:03,792 --> 00:47:06,333
Robert Axelrod's signature
relinquishing his ability

997
00:47:06,417 --> 00:47:07,709
to trade securities.

998
00:47:07,792 --> 00:47:10,750
He gave it up.

999
00:47:10,834 --> 00:47:12,792
Well...

1000
00:47:12,875 --> 00:47:16,667
ol' Samson
got a real buzz cut.

1001
00:47:16,750 --> 00:47:18,875
Uh, we need to get
our version out right away.

1002
00:47:18,959 --> 00:47:20,583
I've already taken steps.

1003
00:47:20,667 --> 00:47:22,583
A.G. on the phone.

1004
00:47:22,667 --> 00:47:24,834
Got to go, Ollie.

1005
00:47:27,917 --> 00:47:28,875
Rhoades.

1006
00:47:28,959 --> 00:47:30,458
Is this really the attorney
of the United States

1007
00:47:30,542 --> 00:47:32,709
for the southern district?

1008
00:47:32,792 --> 00:47:33,750
Am I that lucky?

1009
00:47:33,834 --> 00:47:36,166
There must be streams
in the desert.

1010
00:47:36,250 --> 00:47:37,083
General, a pleasure.

1011
00:47:37,166 --> 00:47:40,750
Your predecessor called
once a term.

1012
00:47:40,834 --> 00:47:42,667
I'm in the habit
of counting the herd

1013
00:47:42,750 --> 00:47:44,250
at the end of the day,
Chuck.

1014
00:47:44,333 --> 00:47:44,917
Sure.

1015
00:47:45,000 --> 00:47:47,417
Eastern had a good day today.

1016
00:47:47,500 --> 00:47:50,166
Axelrod's put his office keys
on Dake's desk.

1017
00:47:50,250 --> 00:47:51,375
Good for them.

1018
00:47:51,458 --> 00:47:52,875
But you're calling
because you want to make sure

1019
00:47:52,959 --> 00:47:54,625
that I have adjusted
the priorities.

1020
00:47:54,709 --> 00:47:57,083
Pass the message along.

1021
00:47:57,166 --> 00:47:57,667
I'm a thorough man.

1022
00:47:57,750 --> 00:48:00,375
As am I. It's done.

1023
00:48:00,458 --> 00:48:02,959
Attaboy.

1024
00:48:03,041 --> 00:48:04,709
I'll eagerly await
our next chat.

1025
00:48:12,291 --> 00:48:13,959
Hey, you boys ready to go?

1026
00:48:14,041 --> 00:48:15,500
Daddy's got to head out.

1027
00:48:15,583 --> 00:48:16,458
- See ya, fellas.
- Later.

1028
00:48:16,542 --> 00:48:19,125
Go wait in the car.
I'll be right down.

1029
00:48:22,208 --> 00:48:24,625
Your office said
the money's unfrozen.

1030
00:48:24,709 --> 00:48:25,875
Yeah, I told 'em
to call you.

1031
00:48:25,959 --> 00:48:28,750
Should I have it wired
to Birch?

1032
00:48:28,834 --> 00:48:29,959
No, Bobby.

1033
00:48:30,041 --> 00:48:33,166
I pictured you two
running around together.

1034
00:48:33,250 --> 00:48:35,083
That fuckin' starter plane
of his.

1035
00:48:35,166 --> 00:48:37,792
I wouldn't be caught dead
in that sardine can.

1036
00:48:44,208 --> 00:48:45,125
The money, Bobby.

1037
00:48:47,667 --> 00:48:50,125
Just don't fuckin'
lose it.

1038
00:48:51,750 --> 00:48:53,875
Now, there's one bitter
thing that we have to swallow

1039
00:48:53,959 --> 00:48:55,959
along with
this delicious lo mein.

1040
00:48:56,041 --> 00:48:59,834
We have to slow down
on a couple of cases.

1041
00:49:05,834 --> 00:49:07,417
You like giving up
those cases?

1042
00:49:07,500 --> 00:49:09,291
- I hate it.
- Me, too.

1043
00:49:09,375 --> 00:49:13,500
No A.G. picks our cases.
I'm chafing against it.

1044
00:49:13,583 --> 00:49:15,333
I'm chafed.

1045
00:49:15,417 --> 00:49:17,375
So, are we gonna do
something about it?

1046
00:49:17,458 --> 00:49:19,333
When I know, you'll know.

1047
00:49:22,125 --> 00:49:24,000
IoT, you know?

1048
00:49:24,083 --> 00:49:25,583
Sure, Internet of Things.

1049
00:49:25,667 --> 00:49:27,166
When companies
that make appliances

1050
00:49:27,250 --> 00:49:29,500
and digital thermostats
contract with the firms

1051
00:49:29,583 --> 00:49:31,625
that manufacture the microchips
to make their products smart,

1052
00:49:31,709 --> 00:49:34,041
the connected things inside,

1053
00:49:34,125 --> 00:49:36,583
they force the chip companies
to sign nondisclosures.

1054
00:49:36,667 --> 00:49:37,792
They don't want
their competitors

1055
00:49:37,875 --> 00:49:40,834
to be able to mimic them.
- Right, so it's hard to know

1056
00:49:40,917 --> 00:49:43,500
which chip companies are poised
to dominate the market.

1057
00:49:43,583 --> 00:49:44,875
If we could find
a common component

1058
00:49:44,959 --> 00:49:47,417
among a bunch
of varied devices...

1059
00:49:47,500 --> 00:49:48,709
You could
reverse-engineer it.

1060
00:49:48,792 --> 00:49:51,000
You have fun
smashing shit apart?

1061
00:49:51,083 --> 00:49:51,917
A blast.
And I found a component

1062
00:49:52,000 --> 00:49:53,959
that matched the specs
for a Quartes chip.

1063
00:49:54,041 --> 00:49:57,083
So I called Quartes
and claimed to be building

1064
00:49:57,166 --> 00:49:59,000
an Internet-connected
washing machine

1065
00:49:59,083 --> 00:50:00,959
that sends a message to the
owner when the laundry is done.

1066
00:50:01,041 --> 00:50:03,000
Got the full specs
on their latest chips.

1067
00:50:03,041 --> 00:50:05,500
- And they matched.
- That they did.

1068
00:50:05,583 --> 00:50:08,458
Everyone tries to hide it,
but Quartes is the main supplier

1069
00:50:08,542 --> 00:50:10,709
for 85% of loT products
on the market.

1070
00:50:10,792 --> 00:50:12,041
So, that's the shot?

1071
00:50:12,125 --> 00:50:13,083
That's the shot.

1072
00:50:13,166 --> 00:50:16,000
It plays.
Good work.

1073
00:50:16,083 --> 00:50:18,417
You'd have found something
like it if you weren't...

1074
00:50:18,500 --> 00:50:19,291
That's why I have you, Taylor.

1075
00:50:19,375 --> 00:50:20,917
It's a good thing
that you can deliver

1076
00:50:21,000 --> 00:50:23,375
when I can't,
not a bad thing.

1077
00:50:23,458 --> 00:50:23,917
Thank you.

1078
00:50:24,000 --> 00:50:25,250
Once you leave here,

1079
00:50:25,333 --> 00:50:27,083
we can't really talk
individual names

1080
00:50:27,166 --> 00:50:28,041
of companies again
for a long time.

1081
00:50:28,125 --> 00:50:31,417
Management issues, sure,
but not stocks.

1082
00:50:31,500 --> 00:50:32,792
It'll all be up to you.

1083
00:50:32,875 --> 00:50:35,125
I can't be seen
to be guiding the firm.

1084
00:50:35,208 --> 00:50:37,875
It'll look as though I'm
violating the terms of my deal.

1085
00:50:37,959 --> 00:50:40,083
I know. You saved the firm
by doing what you did.

1086
00:50:40,166 --> 00:50:41,917
We bought back into the market
late in the position.

1087
00:50:42,000 --> 00:50:45,333
Tonight's a big one for me.

1088
00:50:51,333 --> 00:50:54,667
The most important managers
in the business will be there.

1089
00:50:54,750 --> 00:50:57,583
Between them, they cover
all the meaningful strategies

1090
00:50:57,667 --> 00:50:59,834
currently in play.

1091
00:51:01,959 --> 00:51:03,083
Quite the cotillion.

1092
00:51:03,166 --> 00:51:06,125
It's the social event
of the season.

1093
00:51:06,208 --> 00:51:09,500
Tonight plants our flag
for the future.

1094
00:51:09,583 --> 00:51:11,291
This room will set the agenda
for what the industry's

1095
00:51:11,375 --> 00:51:14,792
talking about for
the next week, month, year.

1096
00:51:14,875 --> 00:51:17,750
And what they will be talking
about is Axe Capital.

1097
00:51:34,083 --> 00:51:35,667
All right, guys.

1098
00:51:35,750 --> 00:51:37,709
Mom and Dad are going
to their therapist.

1099
00:51:37,792 --> 00:51:38,834
Hour of screen time
only, okay?

1100
00:51:38,917 --> 00:51:41,875
Probably grab a bite afterwards,
but we won't be late.

1101
00:51:41,959 --> 00:51:43,041
Okay?

1102
00:51:43,125 --> 00:51:43,959
Bye.

1103
00:51:44,041 --> 00:51:46,000
- Bye.
- Bye.

1104
00:52:19,333 --> 00:52:21,583
Look at all the trouble
you've caused.

1105
00:52:21,667 --> 00:52:24,500
What a disgrace.

1106
00:52:24,583 --> 00:52:26,542
Agreed.

1107
00:52:26,625 --> 00:52:29,542
He's almost beyond reclamation.

1108
00:52:29,625 --> 00:52:31,875
I can't stand the sight
of this dog.

1109
00:52:31,959 --> 00:52:34,417
I want to leave him here,

1110
00:52:34,500 --> 00:52:35,792
and I'm tempted
to take you with me.

1111
00:52:35,875 --> 00:52:38,667
It's up to you, mistress.

1112
00:52:38,750 --> 00:52:42,625
Leave with me or administer
the required corrections.

1113
00:52:45,458 --> 00:52:49,333
He's in need of punishment.

1114
00:52:49,417 --> 00:52:50,834
I'll stay.

1115
00:53:04,000 --> 00:53:06,250
Have you missed this?

1116
00:53:06,333 --> 00:53:09,166
Then why aren't you showing
the proper appreciation?

1117
00:53:09,250 --> 00:53:12,875
I should put you
in this fucking cage.

1118
00:53:12,959 --> 00:53:15,750
Perhaps you're in need
of something deeper?

1119
00:53:15,834 --> 00:53:18,250
Yeah.

1120
00:53:18,333 --> 00:53:19,875
Have you missed this?

1121
00:53:19,959 --> 00:53:23,083
It's not about me.

1122
00:53:23,166 --> 00:53:25,250
Or maybe you found, uh,
other outlets.

1123
00:53:26,291 --> 00:53:28,125
How dare you question me?

1124
00:53:29,625 --> 00:53:31,750
I can take care
of my own needs.

1125
00:53:31,834 --> 00:53:33,542
Oh.

1126
00:53:33,625 --> 00:53:35,041
Explored
other fantasies, then?

1127
00:53:35,125 --> 00:53:38,125
What fantasies exactly?

1128
00:53:38,208 --> 00:53:40,709
You being with other men.

1129
00:53:44,458 --> 00:53:48,083
Of course.

1130
00:53:48,166 --> 00:53:51,500
That's your fantasy.

1131
00:53:51,583 --> 00:53:53,875
You're that pathetic,
aren't you?

1132
00:53:54,709 --> 00:53:57,667
I am. I am.

1133
00:53:57,750 --> 00:53:59,709
I want to hear
about you and...

1134
00:53:59,792 --> 00:54:00,834
Young men?

1135
00:54:00,917 --> 00:54:05,625
Yeah, yeah, yeah.

1136
00:54:05,709 --> 00:54:09,458
Um...

1137
00:54:09,542 --> 00:54:11,291
will he be handsome, rich?

1138
00:54:11,375 --> 00:54:12,917
- Of course.
- Yeah?

1139
00:54:13,000 --> 00:54:14,000
He's brilliant.

1140
00:54:14,083 --> 00:54:16,834
Barely 30 years old.

1141
00:54:16,917 --> 00:54:19,834
- With the washboard abs?
- Oh, yeah, he's ripped.

1142
00:54:19,917 --> 00:54:21,625
Tell me!

1143
00:54:21,709 --> 00:54:22,750
That's how you want
to be punished?

1144
00:54:22,834 --> 00:54:26,166
Yes! Yes!

1145
00:54:26,250 --> 00:54:30,458
It's... It's the most
excruciating thing

1146
00:54:30,542 --> 00:54:31,542
that I can think of.

1147
00:54:31,625 --> 00:54:33,417
I want to know
what he does to you,

1148
00:54:33,500 --> 00:54:35,417
what you do to him.

1149
00:54:38,333 --> 00:54:39,625
We're somewhere private.

1150
00:54:39,709 --> 00:54:42,500
- A hotel?
- A hotel.

1151
00:54:42,583 --> 00:54:44,792
White sheets thrown around us.

1152
00:54:44,875 --> 00:54:45,834
Our clothes are off.

1153
00:54:48,959 --> 00:54:52,166
Hands and mouths on bare skin.

1154
00:54:52,250 --> 00:54:54,500
I take him in my hands.

1155
00:54:56,500 --> 00:54:57,709
Is he...

1156
00:54:57,792 --> 00:54:59,542
Yeah, hard.

1157
00:54:59,625 --> 00:55:01,458
Thick.

1158
00:55:01,542 --> 00:55:03,333
I give myself to him

1159
00:55:03,417 --> 00:55:08,750
and let him do
whatever he wants.

1160
00:55:08,834 --> 00:55:11,667
Is it good?

1161
00:55:11,750 --> 00:55:15,542
Good? No.
It's fucking amazing.

1162
00:55:19,959 --> 00:55:22,083
He understands me.

1163
00:55:22,166 --> 00:55:27,291
He knows exactly what I need.

1164
00:55:49,500 --> 00:55:51,583
Oh, Axe is so fucked!
From the Journal.

1165
00:55:51,667 --> 00:55:55,083
"Government defangs Axelrod,
barred from trading."

1166
00:55:55,166 --> 00:55:56,917
I'd love to agree, but I think
he bested those fuckers,

1167
00:55:57,000 --> 00:55:59,250
and so does B.I.

1168
00:55:59,333 --> 00:56:01,875
"Axe Capital poised to plunge
heavy back into the markets."

1169
00:56:01,959 --> 00:56:03,834
He has his money.
What else does he need?

1170
00:56:03,917 --> 00:56:06,583
To do with as he pleases.
But what's the fucking point?

1171
00:56:06,667 --> 00:56:08,375
He's gonna be here soon.

1172
00:56:08,458 --> 00:56:11,041
We're gonna know by the look
on his face what happened.

1173
00:56:11,125 --> 00:56:13,083
Either he crushed them,
or he's become

1174
00:56:13,166 --> 00:56:14,917
the government's favorite bitch.

1175
00:56:23,333 --> 00:56:25,750
Who's this?

1176
00:56:25,834 --> 00:56:27,417
I'm Taylor Mason,

1177
00:56:27,500 --> 00:56:28,625
Chief Investment Officer,
Axe Capital,

1178
00:56:28,709 --> 00:56:33,375
and I have a silver-backed
fucking gorilla of an idea.

1179
00:56:33,458 --> 00:56:35,917
It's an angle of attack
on an Internet sector

1180
00:56:36,000 --> 00:56:38,250
that's worth 12X
what you think it is.

1181
00:56:38,333 --> 00:56:39,458
But the sector
is only the beginning.

1182
00:56:39,542 --> 00:56:42,458
I'll walk you through
both the technical side

1183
00:56:42,542 --> 00:56:44,834
and the types of derivatives
that are available

1184
00:56:44,917 --> 00:56:46,125
to both bet on it
and to effectively hedge it

1185
00:56:46,208 --> 00:56:49,291
so that the play
is risk-neutral.

1186
00:56:52,208 --> 00:56:56,291
That's how Axe Cap is doing it.