1 00:00:00,541 --> 00:00:02,581 Have you ever heard of Bernard L. Madoff? 2 00:00:02,583 --> 00:00:04,053 Yeah, sure. He's got a good reputation. 3 00:00:04,045 --> 00:00:05,335 In his investment fund, 4 00:00:05,336 --> 00:00:07,006 only 4% of his months are down months. 5 00:00:07,007 --> 00:00:08,507 Are you -- you saying he's insider trading? 6 00:00:08,509 --> 00:00:10,549 I'm accusing him of running a Ponzi scheme. 7 00:00:10,551 --> 00:00:12,341 If I told you what I had on Madoff, 8 00:00:12,343 --> 00:00:14,273 you wouldn't have the guts to print it. 9 00:00:14,265 --> 00:00:16,015 MICHAEL: Try me, Mr. Markopolos. 10 00:00:16,016 --> 00:00:17,686 BERNIE: We're getting audited. 11 00:00:17,688 --> 00:00:19,688 They had all kinds of questions about 12 00:00:19,690 --> 00:00:21,190 how you handle their money. 13 00:00:22,443 --> 00:00:24,533 How long are you people gonna be here, huh?! 14 00:00:24,525 --> 00:00:26,565 I need you to let me be my own man. 15 00:00:26,567 --> 00:00:28,357 In time, you'll understand! 16 00:00:28,359 --> 00:00:29,859 You're sick, aren't you? 17 00:00:29,860 --> 00:00:31,700 Mantle cell lymphoma. Oh! 18 00:00:31,702 --> 00:00:34,122 Andy's getting the best treatment money can buy. 19 00:00:34,115 --> 00:00:35,205 Money?! 20 00:00:35,206 --> 00:00:36,866 You can't throw money at this! 21 00:00:36,867 --> 00:00:38,787 BERNIE: The most humiliating moment 22 00:00:38,789 --> 00:00:40,789 they could choose to take me down -- 23 00:00:40,791 --> 00:00:43,371 at my own niece's wedding. 24 00:00:49,550 --> 00:00:51,630 ♪ Hava nagila, hava ♪ 25 00:00:51,632 --> 00:00:53,722 My own niece's wedding. 26 00:00:53,724 --> 00:00:57,444 This was the moment they'd chosen to take me down. 27 00:00:57,438 --> 00:01:01,308 Those smug, sniveling SEC agents. 28 00:01:01,312 --> 00:01:05,572 Nothing better to do than to try to humiliate me. 29 00:01:05,566 --> 00:01:07,066 I was 13 years old 30 00:01:07,067 --> 00:01:10,397 when my dad's sporting-goods business went bankrupt. 31 00:01:10,401 --> 00:01:13,401 My dad's failure was humiliating. 32 00:01:13,404 --> 00:01:16,464 But it was the look on our neighbors' faces -- 33 00:01:16,457 --> 00:01:20,327 the look of pity -- that was unacceptable. 34 00:01:21,752 --> 00:01:23,792 And I made a vow to myself that day 35 00:01:23,794 --> 00:01:26,304 that nobody would ever look at me like that. 36 00:01:26,297 --> 00:01:27,757 I was gonna make more money 37 00:01:27,758 --> 00:01:30,088 than anyone in Laurelton could even imagine. 38 00:01:30,090 --> 00:01:32,300 They weren't just gonna respect me. 39 00:01:32,303 --> 00:01:35,313 They were gonna honor me. They were gonna admire me. 40 00:01:35,306 --> 00:01:38,596 Nobody would ever pity Bernie Madoff. 41 00:01:39,770 --> 00:01:44,280 How would my family look at me when the SEC arrested me? 42 00:01:44,275 --> 00:01:46,935 Could I hold my head up high? 43 00:01:46,937 --> 00:01:49,607 Would I still be the magician? 44 00:01:49,610 --> 00:01:53,280 This was my worst nightmare coming true. 45 00:01:53,284 --> 00:01:54,794 Mr. Madoff? 46 00:01:54,785 --> 00:01:56,115 Mr. Madoff. 47 00:01:56,116 --> 00:01:56,826 Yeah. 48 00:01:56,827 --> 00:01:58,037 Uh, David Green. 49 00:01:58,038 --> 00:01:59,618 Yeah. 50 00:01:59,620 --> 00:02:01,290 SEC lawyer. 51 00:02:01,292 --> 00:02:03,542 So, how's life? 52 00:02:03,544 --> 00:02:05,344 How do you mean? 53 00:02:05,336 --> 00:02:09,626 Um, well, I think life's a pretty funny business. 54 00:02:10,801 --> 00:02:13,171 I'm gonna go get my wife. 55 00:02:14,305 --> 00:02:19,305 Unless you have something else to tell me. 56 00:02:27,318 --> 00:02:29,818 Actually, I do. 57 00:02:32,573 --> 00:02:34,663 And that is? 58 00:02:36,987 --> 00:02:38,657 Congratulations. 59 00:02:40,160 --> 00:02:41,200 On what? 60 00:02:41,202 --> 00:02:42,832 Oh, they didn't tell you yet? 61 00:02:42,833 --> 00:02:45,673 [ Laughs ] Cat's out of the bag now, I guess. 62 00:02:45,666 --> 00:02:47,836 Uh, they cleared you. 63 00:02:47,838 --> 00:02:52,208 You still have to register as an adviser, but that's it. 64 00:02:52,213 --> 00:02:54,853 It's over. 65 00:02:54,845 --> 00:02:58,055 Congratulations on your niece's wedding. 66 00:02:58,058 --> 00:02:59,888 One phone call. 67 00:02:59,890 --> 00:03:01,930 "Hello, DTC? 68 00:03:01,932 --> 00:03:03,182 What do you mean, 69 00:03:03,183 --> 00:03:05,363 there are no securities in the Madoff account?" 70 00:03:05,356 --> 00:03:07,106 That's all they had to do. 71 00:03:07,107 --> 00:03:09,187 A secretary could have done it! 72 00:03:09,189 --> 00:03:13,269 And the financial-enforcement arm of the Federal government 73 00:03:13,274 --> 00:03:19,284 of the greatest nation on Earth simply never made the call. 74 00:03:20,621 --> 00:03:23,741 WOMAN: Bank stocks were pummeled again today. 75 00:03:23,744 --> 00:03:24,884 [ Keyboard clacking ] 76 00:03:24,875 --> 00:03:26,535 [ Airplane engine whirs ] 77 00:03:26,537 --> 00:03:29,127 ♪♪ 78 00:03:29,129 --> 00:03:30,629 MAN 1: The president, at a news conference, 79 00:03:30,631 --> 00:03:31,961 tried today to... MAN 2: Nightmare on Wall Street. 80 00:03:31,962 --> 00:03:33,542 ♪♪ 81 00:03:33,544 --> 00:03:34,974 [ Camera shutters click ] 82 00:03:34,965 --> 00:03:36,635 [ Clanging ] 83 00:03:36,637 --> 00:03:39,717 ♪♪ 84 00:03:40,971 --> 00:03:42,721 HARRY: That's all they did -- 85 00:03:42,723 --> 00:03:45,563 made him register as an investment manager? 86 00:03:45,556 --> 00:03:46,806 You realize, don't you, 87 00:03:46,807 --> 00:03:49,437 that's like sending Ted Bundy to traffic school. 88 00:03:49,440 --> 00:03:52,230 O-okay, h-how about this, Ed? 89 00:03:52,232 --> 00:03:55,452 You talk to your bosses about sending me undercover 90 00:03:55,446 --> 00:03:57,066 into Madoff Securities, 91 00:03:57,067 --> 00:04:00,237 as some sort of special operative for the SEC? 92 00:04:00,240 --> 00:04:01,570 That way, we ca-- 93 00:04:01,572 --> 00:04:03,912 No. W-w-why? 94 00:04:03,914 --> 00:04:07,134 No, l-listen to me, Ed. I'll report directly to you. 95 00:04:07,127 --> 00:04:09,917 That way, we can penetrate head-on this thing 96 00:04:09,920 --> 00:04:11,130 and break it open. 97 00:04:11,131 --> 00:04:12,671 I've thought about this. 98 00:04:12,673 --> 00:04:14,173 I've done the work, Ed. 99 00:04:14,174 --> 00:04:14,934 Listen... 100 00:04:14,925 --> 00:04:16,005 Okay, don't hang up. 101 00:04:16,006 --> 00:04:17,086 Don't hang up, Ed. 102 00:04:20,641 --> 00:04:22,511 NEWSCASTER: Tonight, the Federal Reserve Board 103 00:04:22,513 --> 00:04:25,443 cuts interest rates for the first time in four years. 104 00:04:25,436 --> 00:04:27,646 The Fed hopes to stimulate the economy. 105 00:04:27,648 --> 00:04:30,308 Well, the move certainly stimulated Wall Street. 106 00:04:30,311 --> 00:04:36,031 Stocks closed up 336 points on the best trading day since 2003. 107 00:04:36,026 --> 00:04:38,526 My fund was stronger than ever. 108 00:04:38,529 --> 00:04:40,609 I'd kept my family safe. 109 00:04:41,782 --> 00:04:45,712 So what was this feeling in the pit of my stomach? 110 00:04:46,787 --> 00:04:49,787 RABBI: [ Praying in Hebrew ] 111 00:05:05,846 --> 00:05:07,686 Let us all say amen. 112 00:05:07,688 --> 00:05:09,058 MOURNERS: Amen. 113 00:05:09,059 --> 00:05:11,979 [ Praying in Hebrew ] 114 00:05:11,982 --> 00:05:15,322 FRANK: Heya, Peter. How you doing? 115 00:05:16,737 --> 00:05:18,487 Thanks for making some time. 116 00:05:18,489 --> 00:05:22,149 I know things have been rough with Roger's passing. 117 00:05:22,152 --> 00:05:23,742 All you got to do 118 00:05:23,744 --> 00:05:29,084 is sign 'em where they're marked 119 00:05:29,079 --> 00:05:31,329 and, uh, here -- use these. 120 00:05:31,331 --> 00:05:32,831 Alternating randomly. 121 00:05:32,833 --> 00:05:34,513 [ Pens clatter ] 122 00:05:36,006 --> 00:05:37,006 What for? 123 00:05:37,007 --> 00:05:38,917 Different colors, different inks. 124 00:05:41,842 --> 00:05:44,012 Frank, these are from different years. 125 00:05:44,014 --> 00:05:45,684 Peter, you got questions, 126 00:05:45,676 --> 00:05:48,346 you should really take 'em up with your brother. 127 00:05:48,348 --> 00:05:51,178 In the meantime... 128 00:05:51,181 --> 00:05:54,351 ♪♪ 129 00:06:22,052 --> 00:06:24,892 PETER: My question is about sin. 130 00:06:26,386 --> 00:06:29,596 Is it possible to sin a little, 131 00:06:29,600 --> 00:06:32,720 but still be essentially good? 132 00:06:32,723 --> 00:06:33,723 Hmm. 133 00:06:33,724 --> 00:06:35,654 So, is it like having a cold? 134 00:06:35,646 --> 00:06:37,606 Someone asks how are you feeling, 135 00:06:37,608 --> 00:06:39,608 you can say, "I'm a little sick?" 136 00:06:39,610 --> 00:06:42,320 Yes, exactly. 137 00:06:43,323 --> 00:06:45,413 The Hebrew word for sin is "het." 138 00:06:45,405 --> 00:06:50,115 And it comes from archery, and it means "to go astray." 139 00:06:50,120 --> 00:06:52,740 An arrow that misses its mark is het. 140 00:06:52,743 --> 00:06:55,803 So, if we think of a bull's-eye, 141 00:06:55,796 --> 00:06:58,586 a-an arrow can be dead center, 142 00:06:58,589 --> 00:07:02,629 or it can be way out on the edge, almost astray, 143 00:07:02,633 --> 00:07:07,353 but still a bull's-eye, still grounded in righteousness. 144 00:07:07,347 --> 00:07:09,637 But if it does go astray, 145 00:07:09,640 --> 00:07:13,810 do you think it matters if it's by a little or a lot? 146 00:07:13,814 --> 00:07:14,774 [ Chuckles ] 147 00:07:14,765 --> 00:07:16,645 I'm no marksman, Peter, 148 00:07:16,647 --> 00:07:20,437 but it seems to me that if you miss, you miss. 149 00:07:21,862 --> 00:07:23,612 Yes. 150 00:07:26,276 --> 00:07:27,776 Yes. 151 00:07:29,830 --> 00:07:32,870 VERA: Some of the Swiss, Bernie, they're asking questions. 152 00:07:32,873 --> 00:07:34,793 BERNIE: And these questions are about... 153 00:07:34,785 --> 00:07:36,165 One of the Steiner brothers 154 00:07:36,166 --> 00:07:38,126 fancies himself a budding economist. 155 00:07:38,128 --> 00:07:39,288 Ah. 156 00:07:39,289 --> 00:07:42,629 He says he's confused why the volume of trading you do 157 00:07:42,633 --> 00:07:45,303 doesn't seem to impact the options market. 158 00:07:45,295 --> 00:07:48,635 I see. And what did you tell him? 159 00:07:48,639 --> 00:07:51,889 That if you're good enough for the world's biggest banks 160 00:07:51,892 --> 00:07:53,352 to build derivatives on, 161 00:07:53,353 --> 00:07:55,653 you should be good enough for him. 162 00:07:55,646 --> 00:07:58,306 It's very courteous of you, Vera. 163 00:07:58,308 --> 00:08:01,648 But you shouldn't have to come to my defense. 164 00:08:01,652 --> 00:08:03,062 Put him in touch with me. 165 00:08:03,063 --> 00:08:06,323 I would be more than happy to discuss these things with him. 166 00:08:06,316 --> 00:08:08,656 And if he's not entirely satisfied, 167 00:08:08,659 --> 00:08:12,069 I would be happy to release his family's investments 168 00:08:12,072 --> 00:08:13,412 from the fund. 169 00:08:13,413 --> 00:08:15,503 And once you're out of the fund, 170 00:08:15,495 --> 00:08:17,495 there's no coming back, is there? 171 00:08:17,497 --> 00:08:20,327 That's entirely correct. 172 00:08:28,338 --> 00:08:29,508 There you are. 173 00:08:29,509 --> 00:08:31,509 Hi. Honey. 174 00:08:31,511 --> 00:08:33,091 God, I'm glad you could come. 175 00:08:33,093 --> 00:08:35,023 This is nice, meeting my mom 176 00:08:35,015 --> 00:08:37,095 in her special place in the park. 177 00:08:37,097 --> 00:08:39,347 This is where you go to hide from Dad, huh? 178 00:08:39,349 --> 00:08:40,849 [ Laughs ] Yeah. 179 00:08:40,851 --> 00:08:42,521 So, what's up? 180 00:08:42,522 --> 00:08:45,072 What's up? Why does anything have to be up? 181 00:08:45,065 --> 00:08:46,195 I miss seeing you. 182 00:08:46,196 --> 00:08:48,446 God, you're so busy these days, huh? 183 00:08:48,448 --> 00:08:50,608 That's good. I'm glad. 184 00:08:54,785 --> 00:08:57,075 Andy, you know, I know that it often seemed 185 00:08:57,077 --> 00:08:58,787 that I put your father first. 186 00:08:58,789 --> 00:09:00,539 Mom, you don't have to -- Quiet. 187 00:09:00,540 --> 00:09:02,460 I'm doing the talking now. 188 00:09:02,462 --> 00:09:05,222 It's just that you were always so easy. 189 00:09:05,215 --> 00:09:07,795 Even as a baby, you were so reserved. 190 00:09:07,798 --> 00:09:12,258 [ Laughs ] You just watched everything. 191 00:09:12,262 --> 00:09:14,642 [ Laughs ] 192 00:09:14,635 --> 00:09:16,055 Yeah. 193 00:09:16,056 --> 00:09:20,136 Mark, God, sometimes I think he never stopped breastfeeding. 194 00:09:20,140 --> 00:09:21,310 Ah. 195 00:09:21,311 --> 00:09:24,061 He was always -- always wanted my attention. 196 00:09:24,064 --> 00:09:25,494 He sought me out. 197 00:09:25,485 --> 00:09:27,985 So, all -- all I wanted to say, honey, 198 00:09:27,988 --> 00:09:31,568 is that I want you to feel that you can reach out to us. 199 00:09:31,571 --> 00:09:34,281 We want to be there for you. I want to be there for you. 200 00:09:34,284 --> 00:09:36,004 Is this 'cause I'm sick? 201 00:09:35,996 --> 00:09:37,286 No. No. Mom, it's okay. 202 00:09:37,287 --> 00:09:38,407 It's not. It's fine. 203 00:09:38,408 --> 00:09:40,078 I'm okay with it, actually. 204 00:09:40,080 --> 00:09:42,120 I think it's kind of nice. 205 00:09:44,084 --> 00:09:45,634 Look, here's how I see it. 206 00:09:45,626 --> 00:09:46,966 Illness isn't just a curse. 207 00:09:46,967 --> 00:09:48,127 It's an opportunity. 208 00:09:48,128 --> 00:09:50,508 Well, I don't understand. 209 00:09:50,510 --> 00:09:51,970 Well, you want to know 210 00:09:51,972 --> 00:09:54,772 why I always kept to myself so much, right? 211 00:09:54,765 --> 00:09:58,805 It was because it was never going to matter what I did. 212 00:09:58,809 --> 00:10:01,429 I was always gonna be in the shadows, regardless. 213 00:10:01,431 --> 00:10:03,271 I was always gonna be Bernie's kid. 214 00:10:03,273 --> 00:10:05,493 [ Scoffs ] Son of the great, wise man. 215 00:10:05,485 --> 00:10:07,645 Then all three of us would be working 216 00:10:07,648 --> 00:10:09,488 up there in that marble tube. 217 00:10:09,489 --> 00:10:12,279 It's always been deeper and deeper in the shadows, 218 00:10:12,282 --> 00:10:13,532 my whole life. 219 00:10:13,533 --> 00:10:16,203 Honey, people don't see you the way you see yourself. 220 00:10:16,196 --> 00:10:17,826 Maybe not, but here's the thing... 221 00:10:19,619 --> 00:10:22,289 ...for the first time ever, it doesn't matter. 222 00:10:25,545 --> 00:10:27,625 The cancer treatment. 223 00:10:27,627 --> 00:10:30,127 The woman I love. 224 00:10:32,012 --> 00:10:35,392 For the first time ever, I have things that are mine, 225 00:10:35,385 --> 00:10:38,805 things that don't have anything to do with being a Madoff. 226 00:10:39,890 --> 00:10:43,350 Even if the cancer kills me, it'll be mine. 227 00:10:44,394 --> 00:10:46,654 Just mine. 228 00:10:57,988 --> 00:11:00,828 NEWSCASTER: It has been a harrowing 48 hours 229 00:11:00,831 --> 00:11:02,491 in global financial markets. 230 00:11:02,492 --> 00:11:05,172 Foreign investors have been selling stocks 231 00:11:05,165 --> 00:11:06,875 at a frenzied pace. 232 00:11:06,877 --> 00:11:08,877 This morning, it looked like that tidal wave 233 00:11:08,879 --> 00:11:10,379 was headed for the U.S. 234 00:11:10,380 --> 00:11:12,420 GREG: There's no getting around it, Bernie. 235 00:11:12,422 --> 00:11:15,512 The rumors at Bear Stearns are having a real impact. 236 00:11:15,505 --> 00:11:17,885 Could you imagine if Bear was to fail? 237 00:11:17,888 --> 00:11:20,678 What's the bottom line? For my fund? 238 00:11:20,680 --> 00:11:22,350 Well, there would be some leakage, 239 00:11:22,352 --> 00:11:24,512 but the good news is it's individual investors. 240 00:11:24,514 --> 00:11:27,444 Some of those clients will probably leave, 241 00:11:27,437 --> 00:11:30,857 but the charities, endowments, the pension funds, 242 00:11:30,861 --> 00:11:33,521 they don't move their money unless the world is gonna end. 243 00:11:33,523 --> 00:11:35,453 You're not answering my question. 244 00:11:35,445 --> 00:11:37,865 What's the bottom line? 245 00:11:37,868 --> 00:11:40,618 Under $300 million. 246 00:11:44,374 --> 00:11:47,424 Okay, probably three to five, 247 00:11:47,417 --> 00:11:50,877 depending on how things work out. 248 00:11:50,881 --> 00:11:52,381 Ugh. 249 00:11:52,382 --> 00:11:54,132 Where are they taking this money? 250 00:11:54,134 --> 00:11:57,434 They're not going anywhere. They don't trust anything. 251 00:11:57,427 --> 00:11:59,217 They're just going to cash. 252 00:11:59,219 --> 00:12:03,429 But they all ask the same question before they pull out -- 253 00:12:03,433 --> 00:12:05,903 "How does Bernie make a profit 254 00:12:05,896 --> 00:12:09,556 when everyone else in the world is taking a bath?" 255 00:12:09,559 --> 00:12:11,059 And you tell them what? 256 00:12:11,061 --> 00:12:13,401 I tell them, Bernie, what I always tell them. 257 00:12:13,403 --> 00:12:14,613 You're a magician. 258 00:12:14,614 --> 00:12:16,574 That's it? That's not enough. 259 00:12:16,566 --> 00:12:20,316 You've got to reassure them that this system is not falling. 260 00:12:20,320 --> 00:12:23,070 The government will not let that happen. 261 00:12:23,073 --> 00:12:25,633 They said so -- too big to fail, huh? 262 00:12:25,625 --> 00:12:26,745 Huh? 263 00:12:26,746 --> 00:12:30,916 I can ride this market. I know how to do that. 264 00:12:30,921 --> 00:12:33,001 I can make your investors rich. 265 00:12:33,003 --> 00:12:34,463 Okay. 266 00:12:34,464 --> 00:12:36,934 I'll do my best. 267 00:12:42,302 --> 00:12:44,982 Oh, no. No, no, no, no, no. 268 00:12:44,975 --> 00:12:48,095 You've got to -- you've got to twist each one 269 00:12:48,098 --> 00:12:50,598 on a slight upward -- that's right. 270 00:12:50,600 --> 00:12:53,480 Are you taking anything for your back? 271 00:12:53,483 --> 00:12:57,113 I want you to... just clean up my desk. 272 00:12:57,107 --> 00:12:58,607 I can't do it today. So -- 273 00:12:58,608 --> 00:13:00,358 You start with the computer. 274 00:13:00,360 --> 00:13:02,450 Yeah, I've been wanting to talk to you about something. 275 00:13:02,452 --> 00:13:06,622 Um... It's awkward. 276 00:13:06,616 --> 00:13:08,616 Maybe even a little unprofessional. 277 00:13:08,618 --> 00:13:11,328 What is it? 278 00:13:11,331 --> 00:13:14,171 As you know, my -- my father died recently. 279 00:13:14,174 --> 00:13:17,134 And he left me some money. 280 00:13:17,127 --> 00:13:18,467 How much? 281 00:13:18,468 --> 00:13:21,878 $150,000. 282 00:13:21,882 --> 00:13:24,132 I know that's pennies to you, 283 00:13:24,134 --> 00:13:26,394 but it's a lot of money to me. 284 00:13:26,386 --> 00:13:29,346 And I don't know what to do with it. 285 00:13:29,349 --> 00:13:34,139 Well, you want to put the $150,000 in my fund. 286 00:13:34,144 --> 00:13:36,654 [ Chuckles ] 287 00:13:37,988 --> 00:13:40,238 Yeah, you're right. It's ridiculous. 288 00:13:40,240 --> 00:13:44,200 I mean, your clients probably make $150,000 in a day. 289 00:13:44,204 --> 00:13:47,334 Well, let me think about it. 290 00:13:47,327 --> 00:13:49,657 I should tell her to put it safely in the bank, 291 00:13:49,659 --> 00:13:52,039 but that's not what she wants to hear. 292 00:13:52,042 --> 00:13:54,662 Okay. I've thought about it. 293 00:13:56,166 --> 00:13:58,586 Bring in a bank check tomorrow. 294 00:14:01,671 --> 00:14:04,011 And I'll take care of you. 295 00:14:06,766 --> 00:14:09,016 You know you're a big softie, right, Bern? 296 00:14:09,019 --> 00:14:11,849 [ Chuckles ] 297 00:14:18,028 --> 00:14:19,278 [ Beep ] 298 00:14:19,279 --> 00:14:21,689 VERA: Bernie, it was so nice to see you. 299 00:14:21,691 --> 00:14:24,611 Unfortunately, I'm calling with not such good news. 300 00:14:24,614 --> 00:14:25,954 The Steiner brothers 301 00:14:25,946 --> 00:14:27,786 are withdrawing their money from the fund. 302 00:14:27,787 --> 00:14:29,617 All of it. What can you do? 303 00:14:29,619 --> 00:14:31,249 People do foolish things. 304 00:14:31,251 --> 00:14:32,371 Give my love to Ruth. 305 00:14:32,372 --> 00:14:33,622 [ Beep ] 306 00:14:33,623 --> 00:14:35,803 BERNIE: You hear that sound? 307 00:14:35,795 --> 00:14:39,875 No. You just hear the waves. 308 00:14:39,879 --> 00:14:43,209 The happy families playing at the beach. 309 00:14:43,213 --> 00:14:48,143 Me, I hear the growl of a beast who's never full. 310 00:14:48,138 --> 00:14:50,968 I always hear the beast. 311 00:14:50,971 --> 00:14:53,561 And now he's getting restless. 312 00:14:57,567 --> 00:15:00,897 Bernie, the Steiner brothers' $113 million withdrawal, 313 00:15:00,900 --> 00:15:02,320 it's not even a problem. 314 00:15:02,322 --> 00:15:04,822 One of Noel's sons-in-law just got back from Abu Dhabi 315 00:15:04,824 --> 00:15:07,124 with $250 million. 316 00:15:07,117 --> 00:15:10,737 That puts us over $7 billion in Harlin-Neale alone. 317 00:15:10,740 --> 00:15:14,660 I mean, $113 million, we can cover that in our sleep. 318 00:15:14,664 --> 00:15:16,634 It's like falling off a log. [ Laughs ] 319 00:15:16,626 --> 00:15:18,586 Want something real to worry about? 320 00:15:18,588 --> 00:15:21,958 Worry about what's going on upstairs. 321 00:15:21,962 --> 00:15:24,462 With Peter's spending half the day in temple 322 00:15:24,464 --> 00:15:26,434 and Andy going through chemo, 323 00:15:26,426 --> 00:15:28,676 that only leaves Mark up there anymore. 324 00:15:28,678 --> 00:15:30,968 Doesn't matter what happens up there. 325 00:15:30,971 --> 00:15:33,101 What the hell does that mean? 326 00:15:33,103 --> 00:15:36,613 It means we've been funneling cash to them for years, 327 00:15:36,606 --> 00:15:39,856 and all they're good for is just to cover for us. 328 00:15:39,859 --> 00:15:42,109 Do your sons know about that? 329 00:15:42,112 --> 00:15:43,942 Or Peter? 330 00:15:46,116 --> 00:15:47,486 Huh. 331 00:15:49,529 --> 00:15:50,699 Hey, Bernie? 332 00:15:52,372 --> 00:15:54,452 This... 333 00:15:56,206 --> 00:15:57,786 ...is for you. 334 00:16:00,130 --> 00:16:03,790 And, uh, what exactly is... 335 00:16:03,793 --> 00:16:05,183 Oh, my God. 336 00:16:05,175 --> 00:16:07,675 It's the same as mine, only that's the new line. 337 00:16:07,677 --> 00:16:09,797 I had my guy get it special. 338 00:16:09,799 --> 00:16:12,969 So, why do I get this now? 339 00:16:12,972 --> 00:16:15,692 Because 30 years ago today, 340 00:16:15,685 --> 00:16:17,685 you took a chance on a kid from Howard Beach 341 00:16:17,687 --> 00:16:19,477 who didn't know his head from his ass. 342 00:16:19,479 --> 00:16:22,309 Now my kids all go to college debt-free. 343 00:16:22,312 --> 00:16:24,982 I live in the best neighborhood in New Jersey. 344 00:16:24,984 --> 00:16:27,164 My whole family, we worry for nothing. 345 00:16:27,157 --> 00:16:29,487 You earned every penny of it. 346 00:16:29,489 --> 00:16:30,989 You're a good worker. 347 00:16:31,991 --> 00:16:34,991 Hey, uh, Bernie, I was thinking -- maybe if you'd like, 348 00:16:34,994 --> 00:16:37,754 maybe you and Ruth would want to come out on my boat 349 00:16:37,747 --> 00:16:39,497 sometime with me and Rosalie? 350 00:16:39,499 --> 00:16:44,709 Hey, now, that's a beautiful watch, too. 351 00:16:57,016 --> 00:16:59,186 [ Whirring ] 352 00:17:11,451 --> 00:17:16,541 I...cannot see you anymore. 353 00:17:16,536 --> 00:17:20,116 It's not anything about you. 354 00:17:20,120 --> 00:17:21,540 Nice. 355 00:17:23,463 --> 00:17:24,923 In public. 356 00:17:24,924 --> 00:17:27,634 That way, I can't make a scene. 357 00:17:30,720 --> 00:17:33,930 You really are a son of a bitch, aren't you? 358 00:17:33,933 --> 00:17:37,313 I'm not gonna let you get to me, Sheryl. 359 00:17:37,307 --> 00:17:39,097 Why are you doing this? 360 00:17:39,099 --> 00:17:41,229 I never asked you for anything. 361 00:17:41,231 --> 00:17:43,311 I don't want you to leave Ruth. 362 00:17:43,313 --> 00:17:45,453 I am not gonna leave my husband. 363 00:17:45,445 --> 00:17:47,815 My son Andrew has cancer. 364 00:17:47,817 --> 00:17:50,147 I'm sorry. 365 00:17:55,074 --> 00:17:58,124 I don't want you to worry. 366 00:17:58,118 --> 00:18:01,658 I'll still take care of your money. 367 00:18:03,413 --> 00:18:06,633 PETER: Our whole family has been cursed. 368 00:18:06,626 --> 00:18:09,756 I try so hard to make sense of it. 369 00:18:09,759 --> 00:18:11,669 But I fail every time. 370 00:18:11,671 --> 00:18:15,141 It's not just how young Roger was. 371 00:18:15,135 --> 00:18:18,925 It's how faultless, how kind. 372 00:18:18,928 --> 00:18:21,928 He was... 373 00:18:21,931 --> 00:18:23,481 my heart. 374 00:18:24,684 --> 00:18:29,654 Perhaps it's not for you to make sense of your son's death. 375 00:18:29,649 --> 00:18:34,189 Perhaps it's for you to make peace with the senseless. 376 00:18:34,194 --> 00:18:39,544 The only way it makes any sense is... 377 00:18:39,539 --> 00:18:41,789 if God is punishing me. 378 00:18:41,791 --> 00:18:43,291 Why would you think that? 379 00:18:43,293 --> 00:18:46,963 Is there something you feel God is punishing you for? 380 00:18:50,800 --> 00:18:53,380 [ Brakes squealing, indistinct talking ] 381 00:18:56,466 --> 00:18:57,966 Hey, Bernie. 382 00:18:59,349 --> 00:19:01,559 I'm sure the rabbi would love to meet you 383 00:19:01,561 --> 00:19:03,391 if you feel like going in for... 384 00:19:03,393 --> 00:19:05,143 No, no thanks. 385 00:19:05,144 --> 00:19:07,234 Come on. Let's take a walk. 386 00:19:09,319 --> 00:19:11,899 Peter... 387 00:19:11,901 --> 00:19:14,731 You haven't been to the office much lately. 388 00:19:16,406 --> 00:19:18,156 What's going on? 389 00:19:18,157 --> 00:19:19,077 Yeah. 390 00:19:19,078 --> 00:19:20,698 No, I mean... 391 00:19:20,700 --> 00:19:22,160 Everything's okay. 392 00:19:22,161 --> 00:19:25,341 It doesn't have anything to do with work. 393 00:19:25,335 --> 00:19:28,165 I just don't want to find that I got -- 394 00:19:28,167 --> 00:19:30,167 I got to compete with God. 395 00:19:30,169 --> 00:19:31,999 Compete with God? 396 00:19:32,001 --> 00:19:34,711 For what? 397 00:19:42,181 --> 00:19:44,721 I hope it's the right one. 398 00:19:45,395 --> 00:19:47,515 My God, it's the MK III. 399 00:19:47,517 --> 00:19:50,517 1965 Drophead coupe. 400 00:19:50,520 --> 00:19:53,860 Only 37 made in the whole world. 401 00:19:57,026 --> 00:19:58,906 Can I get in? 402 00:20:08,538 --> 00:20:10,538 I know that you and Roger used to talk 403 00:20:10,540 --> 00:20:13,210 about this being the most beautiful car in the world, 404 00:20:13,212 --> 00:20:17,102 so I thought I'd get it for you... 405 00:20:17,096 --> 00:20:19,716 so that you would feel close to him. 406 00:20:19,719 --> 00:20:22,389 Thanks, Bernie. 407 00:20:22,392 --> 00:20:24,302 I... 408 00:20:24,304 --> 00:20:26,564 Could I... 409 00:20:26,556 --> 00:20:29,726 Would you mind if I just sat here by myself for a minute? 410 00:20:29,729 --> 00:20:32,559 Sure. Absolutely. Go ahead, Petey. 411 00:20:38,278 --> 00:20:40,738 [ Crying ] 412 00:20:40,740 --> 00:20:43,240 [ Sobbing ] 413 00:20:50,079 --> 00:20:52,289 Oh, my God. 414 00:20:54,334 --> 00:20:56,304 Roger. 415 00:20:56,296 --> 00:20:59,086 [ Sobbing ] 416 00:20:59,088 --> 00:21:03,258 He's been buying me off my whole life, hasn't he? 417 00:21:07,477 --> 00:21:10,267 For days, it was the hottest rumor on Wall Street -- 418 00:21:10,269 --> 00:21:13,809 a bank they called too big to fail was going broke. 419 00:21:13,813 --> 00:21:15,533 Today, those rumors became fact. 420 00:21:15,525 --> 00:21:16,815 Bear Stearns, 421 00:21:16,816 --> 00:21:19,026 one of the nation's largest investment banks, 422 00:21:19,028 --> 00:21:22,448 was forced to take an emergency loan funded by all of us. 423 00:21:22,452 --> 00:21:25,202 The taxpayer bailout prompted investors to dump their... 424 00:21:25,204 --> 00:21:29,464 NEWSCASTER 2: ...granted a rare 28-day loan from the Federal Reserve. 425 00:21:29,459 --> 00:21:31,959 NEWSCASTER 3: Just yesterday, the company swore it was okay, 426 00:21:31,961 --> 00:21:33,961 but things got worse in a hurry. 427 00:21:33,963 --> 00:21:36,803 All that scrambling by the Fed that you mentioned 428 00:21:36,796 --> 00:21:40,126 has, for now at least, staved off a full-scale meltdown. 429 00:21:40,129 --> 00:21:42,719 PRESIDENT BUSH: Our economy, obviously, is going through a tough time. 430 00:21:42,722 --> 00:21:45,132 And the challenge is not to do anything foolish 431 00:21:45,134 --> 00:21:45,984 in the meantime. 432 00:21:45,975 --> 00:21:47,225 In the long run, I'm confident 433 00:21:47,226 --> 00:21:48,886 that our economy will continue to grow 434 00:21:48,888 --> 00:21:50,188 because the foundation is solid. 435 00:21:50,189 --> 00:21:51,309 Confident, are you? 436 00:21:51,310 --> 00:21:52,690 You're trying to use my trick -- 437 00:21:52,692 --> 00:21:55,492 weather a crisis by inspiring confidence. 438 00:21:55,485 --> 00:21:59,485 Only problem is, you're not much good at it. 439 00:22:01,150 --> 00:22:02,700 Okay. 440 00:22:02,702 --> 00:22:04,572 All right. 441 00:22:04,574 --> 00:22:07,834 We lower the rate of return across the board 442 00:22:07,827 --> 00:22:09,997 so people think we're responding to the market. 443 00:22:09,999 --> 00:22:11,499 Okay, got you. 444 00:22:15,835 --> 00:22:17,415 Freaking Bear Stearns. 445 00:22:17,417 --> 00:22:20,507 I mean, how long have they been around, huh? 446 00:22:20,510 --> 00:22:23,920 85 years, and then poof. 447 00:22:23,923 --> 00:22:26,063 Gone in a day. 448 00:22:29,268 --> 00:22:30,678 Hey. 449 00:22:30,680 --> 00:22:34,520 You ever wish you could tell them? 450 00:22:34,524 --> 00:22:36,284 Tell who? 451 00:22:36,275 --> 00:22:37,685 The investors. 452 00:22:37,687 --> 00:22:40,187 Don't you wish you could just say to them, 453 00:22:40,189 --> 00:22:43,689 "Hey, hey, you idiot, you schmuck, 454 00:22:43,693 --> 00:22:45,363 you think you're being all safe 455 00:22:45,364 --> 00:22:47,414 and taking your money out of the market, 456 00:22:47,407 --> 00:22:49,907 but your money's safer here in our savings account 457 00:22:49,909 --> 00:22:51,579 because we ain't in the market." 458 00:22:51,581 --> 00:22:52,871 [ Laughs ] 459 00:22:52,872 --> 00:22:55,372 Bear Stearns is the market. We're not the market. 460 00:22:55,374 --> 00:23:00,214 Well, actually, I have thought that exact thought. 461 00:23:00,209 --> 00:23:01,379 More than once. 462 00:23:01,380 --> 00:23:03,800 What are you gonna do? People are cowards. 463 00:23:03,803 --> 00:23:06,313 Okay. 464 00:23:07,717 --> 00:23:10,467 I got it. I'll drop the rate to 5%. 465 00:23:10,470 --> 00:23:13,640 Is that it? Is there anything else? 466 00:23:13,643 --> 00:23:15,483 Yeah. 467 00:23:17,567 --> 00:23:20,317 I'm making you CFO. 468 00:23:20,319 --> 00:23:22,979 What, of what we do down here? 469 00:23:22,982 --> 00:23:25,582 No. [ Chuckles ] The whole company. 470 00:23:25,575 --> 00:23:27,405 Bernie, I'm -- No, no, no. 471 00:23:27,406 --> 00:23:29,826 Don't, don't, don't, don't. You earned it. 472 00:23:31,451 --> 00:23:33,411 Mark is gonna lose his mind. 473 00:23:33,412 --> 00:23:35,502 Mark can be replaced. 474 00:23:35,495 --> 00:23:37,495 You can't. 475 00:23:44,924 --> 00:23:46,934 [ Talking indistinctly ] 476 00:23:55,765 --> 00:23:57,935 Oh, good morning, honey. 477 00:23:57,937 --> 00:24:00,647 Hi, Mom. A little early for that, isn't it? 478 00:24:00,650 --> 00:24:04,820 I've been up since your daughter started crying at 4:00 a.m., 479 00:24:04,824 --> 00:24:07,664 so it's afternoon for me. [ Chuckles ] 480 00:24:07,657 --> 00:24:09,447 Well, it's good to be here with you. 481 00:24:09,448 --> 00:24:12,488 How'd you turn out to be such a sweetheart? 482 00:24:12,492 --> 00:24:13,782 I -- I am proud. 483 00:24:13,783 --> 00:24:16,383 I am really proud of the man you've become. 484 00:24:16,375 --> 00:24:18,875 I really am. Your dad is, too. 485 00:24:18,878 --> 00:24:20,958 He's got a funny way of showing it. 486 00:24:20,960 --> 00:24:23,290 The entire economy is tanking, 487 00:24:23,292 --> 00:24:25,722 and he makes Frank DiPascali CFO. 488 00:24:25,715 --> 00:24:27,965 Oops, Dark Mark's back. 489 00:24:27,967 --> 00:24:29,467 I'm sorry, but it's one thing 490 00:24:29,468 --> 00:24:31,468 when he was in charge of the 17th floor. 491 00:24:31,470 --> 00:24:33,640 But this pretty much makes him my boss. 492 00:24:33,643 --> 00:24:35,653 It's like Dad enjoys rubbing it in my face. 493 00:24:35,645 --> 00:24:37,055 Now, that's not true. 494 00:24:37,056 --> 00:24:39,396 Your father would do anything in the world for you and Andy. 495 00:24:39,398 --> 00:24:40,478 You know that. 496 00:24:40,479 --> 00:24:41,979 So we're not self-made like him. 497 00:24:41,981 --> 00:24:43,481 We didn't grow up in Queens 498 00:24:43,482 --> 00:24:45,702 with some big-ass chip on our shoulder. 499 00:24:45,695 --> 00:24:47,235 Yeah, we grew up privileged. 500 00:24:47,236 --> 00:24:48,986 How can he hold that against us? 501 00:24:48,988 --> 00:24:50,658 He made us that way. 502 00:24:50,660 --> 00:24:52,990 You know, you're blowing this out of proportion. 503 00:24:52,992 --> 00:24:56,422 So what if he made Frank the CFO? 504 00:24:56,415 --> 00:24:57,875 What does that mean? 505 00:24:57,877 --> 00:24:59,707 It's just nothing -- it's a title. 506 00:24:59,709 --> 00:25:02,079 I'm the Vice President of the firm, 507 00:25:02,081 --> 00:25:04,501 and all I do is hire the decorators. 508 00:25:04,503 --> 00:25:05,503 [ Sighs ] 509 00:25:05,504 --> 00:25:08,184 So just lighten up. 510 00:25:08,177 --> 00:25:10,387 Come on, lighten up. 511 00:25:10,389 --> 00:25:13,009 There's my boy. Come on, come on. 512 00:25:13,012 --> 00:25:14,342 Okay. [ Laughs ] 513 00:25:14,343 --> 00:25:16,693 NEWSCASTER: Today, this country witnessed scenes 514 00:25:16,686 --> 00:25:19,186 many hoped we would never see again in America -- 515 00:25:19,188 --> 00:25:20,558 anxious customers lined up 516 00:25:20,560 --> 00:25:22,690 outside the headquarters of a bank -- 517 00:25:22,692 --> 00:25:24,902 IndyMac Bank in Los Angeles. 518 00:25:24,904 --> 00:25:27,574 A run on that bank caused the Federal government 519 00:25:27,567 --> 00:25:30,357 to take it over, declare that none of the bank's customers 520 00:25:30,359 --> 00:25:31,699 could touch their money. 521 00:25:31,701 --> 00:25:34,361 NEWSCASTER 2: Bad news. Citigroup lost half its value. 522 00:25:34,363 --> 00:25:35,793 NEWSCASTER 3: The President, at a news conference, 523 00:25:35,785 --> 00:25:36,955 tried today to calm people. 524 00:25:36,956 --> 00:25:38,536 NEWSCASTER 4: ...cracked down on investors 525 00:25:38,537 --> 00:25:40,117 who have not only profited on the drop... 526 00:25:40,119 --> 00:25:43,209 NEWSCASTER 5: The fears are real. It closed below 11,000. 527 00:25:43,212 --> 00:25:46,052 NEWSCASTER 6: Bank stocks, including AmericanWest, 528 00:25:46,045 --> 00:25:48,875 Wells Fargo, and Wachovia were pummeled again today. 529 00:25:48,878 --> 00:25:50,628 Meanwhile, the Treasury Secretary 530 00:25:50,630 --> 00:25:52,300 faced tough questions on the plan 531 00:25:52,301 --> 00:25:54,221 to rescue Fannie Mae and Freddie Mac. 532 00:25:54,223 --> 00:25:56,643 NATHAN: Well, I appreciate you very much, Bernie, 533 00:25:56,636 --> 00:25:58,556 taking the time to come and meet me. 534 00:25:58,557 --> 00:26:02,057 I know you've got a really busy schedule. 535 00:26:02,061 --> 00:26:06,571 My son, Ethan, he got out of Stanford about a year ago. 536 00:26:06,565 --> 00:26:07,985 Super smart kid. 537 00:26:07,987 --> 00:26:11,067 He wasn't the valedictorian, but he was real close to it. 538 00:26:11,070 --> 00:26:13,650 He and a couple of his fraternity buddies 539 00:26:13,653 --> 00:26:16,623 have some great ideas about some new technology. 540 00:26:16,616 --> 00:26:18,116 And so I'm pretty frightened 541 00:26:18,117 --> 00:26:19,907 about what I read in the Journal. 542 00:26:19,909 --> 00:26:23,159 But I-I told him, if the time came, 543 00:26:23,162 --> 00:26:25,802 if he had a good idea, I'd be able to -- to help him out. 544 00:26:25,795 --> 00:26:27,465 To your son. 545 00:26:27,466 --> 00:26:29,756 All these years, I've been making them all rich. 546 00:26:29,759 --> 00:26:33,259 You've always said that if I ever needed my money out, 547 00:26:33,262 --> 00:26:35,132 all I had to do was ask. 548 00:26:35,134 --> 00:26:37,484 They never had to worry about a thing 549 00:26:37,476 --> 00:26:39,476 because I did their worrying for them. 550 00:26:39,478 --> 00:26:41,768 Well, this is me asking. 551 00:26:41,771 --> 00:26:43,021 No problem. 552 00:26:43,022 --> 00:26:44,432 My son will have the money? 553 00:26:44,433 --> 00:26:47,363 It's the money that he won't have that I can't give you. 554 00:26:47,356 --> 00:26:49,106 But I understand completely. 555 00:26:49,108 --> 00:26:50,278 It's a scary time. 556 00:26:50,279 --> 00:26:54,189 Chair's... 557 00:26:54,193 --> 00:26:55,663 feels like rocks. 558 00:26:55,655 --> 00:26:58,325 Now I saw it was the other way around. 559 00:26:58,327 --> 00:27:01,787 Don't take offense, Bernie. It is just, in this market, 560 00:27:01,791 --> 00:27:04,121 how are you finding counterparties to trade with? 561 00:27:04,123 --> 00:27:06,673 The market -- they're not even in the market. 562 00:27:06,666 --> 00:27:07,956 They're with me. 563 00:27:07,957 --> 00:27:09,707 If there was a way I could tell them -- 564 00:27:09,709 --> 00:27:13,339 you're making a solid 2% because your money 565 00:27:13,342 --> 00:27:15,682 is in my Chase Manhattan bank account. 566 00:27:15,675 --> 00:27:20,675 I had given my investors a steady return, no matter what. 567 00:27:20,680 --> 00:27:24,140 And now I needed one little thing in return. 568 00:27:24,143 --> 00:27:26,693 Just leave your damn money in the fund. 569 00:27:26,686 --> 00:27:29,316 And all they could think of was themselves. 570 00:27:33,232 --> 00:27:35,702 [ Telephones ringing ] 571 00:27:46,045 --> 00:27:47,165 Bernie? 572 00:27:47,166 --> 00:27:49,046 [ Sighs ] 573 00:27:49,048 --> 00:27:51,998 I'm not out of my mind. I just... 574 00:27:52,001 --> 00:27:53,671 This damn back. 575 00:27:54,673 --> 00:27:56,513 Give me the redemptions folder. 576 00:27:57,887 --> 00:28:00,177 You okay? Can I get you anything? 577 00:28:00,179 --> 00:28:02,349 No, no. 578 00:28:02,351 --> 00:28:04,351 Just go away. 579 00:28:09,899 --> 00:28:15,519 $3.5 billion out the door, just like that. 580 00:28:16,525 --> 00:28:20,945 All I needed was someone who still had a little faith in me. 581 00:28:20,950 --> 00:28:23,870 ♪♪ 582 00:28:23,873 --> 00:28:25,923 CARL: You're no longer Bernie the Kid. 583 00:28:25,915 --> 00:28:28,875 You're older now than I was when I retired. 584 00:28:28,878 --> 00:28:30,288 Thanks. 585 00:28:30,289 --> 00:28:32,789 You really know how to make a guy feel great, Carl. 586 00:28:32,792 --> 00:28:34,212 32 years ago. 587 00:28:34,213 --> 00:28:37,103 Sometimes I feel like I haven't done a damn thing since then. 588 00:28:37,096 --> 00:28:38,256 Aw, come on. 589 00:28:38,257 --> 00:28:40,967 Your name is on libraries, universities, 590 00:28:40,970 --> 00:28:42,470 and research institutes. 591 00:28:42,471 --> 00:28:44,641 All the stuff you've done with your foundations -- 592 00:28:44,643 --> 00:28:46,613 Philanthropy is just giving away your money. 593 00:28:46,605 --> 00:28:47,975 Other people do all the work. 594 00:28:47,977 --> 00:28:50,307 Investing -- where is the satisfaction in that? 595 00:28:50,309 --> 00:28:51,479 I used to make something. 596 00:28:51,480 --> 00:28:52,900 I would see a woman walking down the street 597 00:28:52,902 --> 00:28:54,402 in a Kay Windsor dress, and I thought, 598 00:28:54,403 --> 00:28:55,823 "My company made that. We did that." 599 00:28:55,815 --> 00:28:57,735 We did things that people needed. 600 00:28:57,736 --> 00:29:02,156 Now what do I do? I just move money around. 601 00:29:05,324 --> 00:29:07,794 What's up? Why the impromptu visit? 602 00:29:07,787 --> 00:29:12,417 Carl, you know that I have never pushed you 603 00:29:12,421 --> 00:29:13,961 to put your money with me, right? 604 00:29:13,963 --> 00:29:15,753 Never. Not once. That's right. 605 00:29:15,754 --> 00:29:18,264 I have never tried to sell you. 606 00:29:19,298 --> 00:29:20,588 How much you need? 607 00:29:24,804 --> 00:29:28,984 Carl's $250 million wasn't gonna last a week. 608 00:29:28,978 --> 00:29:32,688 I had stabbed him in the back for a Band-Aid. 609 00:29:32,691 --> 00:29:34,151 NEWSCASTER: And then at the end of the trading day, 610 00:29:34,153 --> 00:29:35,273 the bottom fell out. 611 00:29:35,274 --> 00:29:38,364 The Dow dropped to a 504-point loss. 612 00:29:38,357 --> 00:29:40,987 Financial institutions are in trouble. 613 00:29:40,990 --> 00:29:44,280 158-year-old Lehman Brothers filed for bankruptcy. 614 00:29:44,283 --> 00:29:46,333 It is all a bit dizzying. 615 00:29:46,325 --> 00:29:49,535 NEWSCASTER 2: This was the day we were afraid to wake up to. 616 00:29:49,538 --> 00:29:51,958 NOEL: Don't take this the wrong way, Bernie, 617 00:29:51,961 --> 00:29:53,621 but now that we've gone global, 618 00:29:53,622 --> 00:29:55,502 some of our investors 619 00:29:55,504 --> 00:29:58,724 are not the kind of people you say no to. 620 00:29:58,717 --> 00:30:01,377 Sounds like some kind of a threat. 621 00:30:01,380 --> 00:30:03,840 Bernie, no. Of course not. 622 00:30:03,843 --> 00:30:06,313 All I'm saying is that our investors 623 00:30:06,305 --> 00:30:09,185 are just like everyone else the world over. 624 00:30:09,188 --> 00:30:11,058 They haven't lost confidence in you. 625 00:30:11,060 --> 00:30:13,140 They've lost confidence in everything -- 626 00:30:13,142 --> 00:30:14,312 the whole system. 627 00:30:14,313 --> 00:30:16,323 They think the Titanic is going down. 628 00:30:16,315 --> 00:30:18,645 You have to face the music, Bernie. 629 00:30:18,647 --> 00:30:23,067 What is it, exactly, that you think you do? 630 00:30:23,072 --> 00:30:27,162 Hm? Do you think you're wizards? 631 00:30:27,156 --> 00:30:29,996 You're not wizards. 632 00:30:29,999 --> 00:30:31,499 I'm a wizard. 633 00:30:31,500 --> 00:30:33,370 I'm a rainmaker. 634 00:30:33,372 --> 00:30:35,042 I make it rain. 635 00:30:35,044 --> 00:30:38,174 You guys are just shepherds. 636 00:30:38,167 --> 00:30:39,837 [ Chuckles ] 637 00:30:39,838 --> 00:30:41,338 You're marketers. 638 00:30:41,340 --> 00:30:44,010 Two sorority girls from New Jersey 639 00:30:44,013 --> 00:30:46,523 can do your job just as well as you do. 640 00:30:46,515 --> 00:30:48,345 You don't have the balls 641 00:30:48,347 --> 00:30:51,427 to tell your investors to stick with it, 642 00:30:51,430 --> 00:30:53,850 and I can't grow 'em for you. 643 00:30:53,852 --> 00:30:56,862 1962, 1987, 644 00:30:56,855 --> 00:31:00,685 1989, 2000, 2001 -- 645 00:31:00,689 --> 00:31:05,779 every crash, I made money for my investors. 646 00:31:05,784 --> 00:31:08,204 But bring me your redemptions. 647 00:31:08,197 --> 00:31:10,697 Bring me all your redemptions, and I will honor them all. 648 00:31:10,699 --> 00:31:12,449 But don't get too comfortable 649 00:31:12,451 --> 00:31:14,411 because when the smoke clears 650 00:31:14,413 --> 00:31:17,593 and you want a place at this table, you don't get it. 651 00:31:17,586 --> 00:31:18,706 Bernie -- 652 00:31:18,707 --> 00:31:20,457 No, no, no, no, no, no. I'm through. 653 00:31:20,459 --> 00:31:22,049 You just -- you talk to Frank. 654 00:31:22,051 --> 00:31:23,881 He'll write you a check. 655 00:31:31,600 --> 00:31:32,810 So, Annette and Jodi 656 00:31:32,811 --> 00:31:35,561 started talking a little too loud for my taste. 657 00:31:35,564 --> 00:31:37,614 They're worried about this and that, 658 00:31:37,606 --> 00:31:40,276 and people hear more than they need to know. 659 00:31:40,279 --> 00:31:42,109 Need to know? What does that mean? 660 00:31:42,111 --> 00:31:45,481 Well, people talk like that, people get scared. 661 00:31:45,484 --> 00:31:47,084 Okay, we don't need that. 662 00:31:47,076 --> 00:31:51,406 And you told them what, exactly? 663 00:31:51,410 --> 00:31:53,910 I told them that Bernie's the captain. 664 00:31:53,912 --> 00:31:56,132 He charts the course. 665 00:31:56,125 --> 00:31:57,745 You're gonna turn this around. 666 00:31:57,746 --> 00:31:59,456 I know you are. 667 00:31:59,458 --> 00:32:00,668 As always, right? 668 00:32:00,669 --> 00:32:02,589 Yeah. 669 00:32:02,591 --> 00:32:04,251 [ Car door closes ] 670 00:32:06,005 --> 00:32:08,965 So, where to now, Mr. DiPascali? 671 00:32:08,968 --> 00:32:11,098 Hey. Hey, nice watch. 672 00:32:11,100 --> 00:32:13,640 Oh, yeah, Mr. Madoff gave it to me. 673 00:32:16,265 --> 00:32:18,015 So, where to now? 674 00:32:20,269 --> 00:32:22,609 I don't care. Just drive. 675 00:32:24,653 --> 00:32:26,993 [ Indistinct talking ] 676 00:32:26,986 --> 00:32:29,616 There's no particular reason for this. 677 00:32:29,618 --> 00:32:32,328 No announcement or anything, no big news. 678 00:32:32,331 --> 00:32:35,031 It's just that I, um... 679 00:32:35,034 --> 00:32:37,794 I miss -- I miss you. 680 00:32:37,786 --> 00:32:39,166 You see us every day. 681 00:32:39,168 --> 00:32:41,628 But not as a family, 682 00:32:41,630 --> 00:32:45,790 and the market has been so crazy that, um... 683 00:32:45,794 --> 00:32:47,554 [ Sighs ] 684 00:32:47,546 --> 00:32:49,296 I... 685 00:32:49,298 --> 00:32:52,468 I just want to hear good news from people I love, all right? 686 00:32:52,471 --> 00:32:53,301 That's all. 687 00:32:53,302 --> 00:32:54,722 To family. 688 00:32:54,723 --> 00:32:55,973 To family. 689 00:32:55,974 --> 00:32:57,484 [ Glasses clinking ] 690 00:32:57,476 --> 00:32:58,976 To family. 691 00:32:58,977 --> 00:33:00,727 [ Glasses clinking ] 692 00:33:00,729 --> 00:33:01,809 All right. 693 00:33:01,810 --> 00:33:03,310 Ah. 694 00:33:03,312 --> 00:33:06,072 Everyone here has good news. Ruth, you start. 695 00:33:06,065 --> 00:33:08,485 Mm, you know me, Bernie. 696 00:33:08,487 --> 00:33:10,817 Everything's always the same. 697 00:33:10,819 --> 00:33:11,989 Good. 698 00:33:11,990 --> 00:33:13,160 Audrey's walking. 699 00:33:13,162 --> 00:33:14,242 Well, she's falling. 700 00:33:14,243 --> 00:33:15,823 She's trying. She's trying. 701 00:33:15,824 --> 00:33:18,174 You've got to fall before you walk. 702 00:33:18,167 --> 00:33:19,327 Congratulations. 703 00:33:19,328 --> 00:33:20,538 I'm in remission. 704 00:33:20,539 --> 00:33:22,329 [ Silence ] 705 00:33:22,331 --> 00:33:23,751 [ Exhales ] 706 00:33:23,752 --> 00:33:25,672 You're kidding. 707 00:33:25,674 --> 00:33:28,184 You -- what, you've been keeping this a secret? 708 00:33:28,177 --> 00:33:31,587 I don't know. I just wanted to find the right time, I guess. 709 00:33:31,590 --> 00:33:34,840 Andrew, this kind of news, it's always the right time. 710 00:33:34,843 --> 00:33:37,233 -Holy moly. -Great! 711 00:33:37,226 --> 00:33:39,686 -L'chaim! -L'chaim! 712 00:33:39,688 --> 00:33:42,898 RUTH: My God, what a thing to celebrate. 713 00:33:42,901 --> 00:33:44,191 [ Glasses clinking ] 714 00:33:52,531 --> 00:33:53,701 Oh! 715 00:33:53,702 --> 00:33:55,362 Oh. 716 00:33:58,367 --> 00:34:01,077 Remember the morning of 9/11? 717 00:34:01,080 --> 00:34:03,290 What made you think of that? 718 00:34:03,292 --> 00:34:05,212 Remember how panicked you were 719 00:34:05,214 --> 00:34:07,134 that we couldn't find the boys? 720 00:34:07,126 --> 00:34:08,376 We couldn't connect? 721 00:34:09,968 --> 00:34:10,968 Yeah. 722 00:34:10,969 --> 00:34:12,299 I have a confession. 723 00:34:14,133 --> 00:34:16,893 That was the morning I realized 724 00:34:16,885 --> 00:34:20,725 that as long as you were okay... 725 00:34:20,729 --> 00:34:23,389 I could handle anything. 726 00:34:24,983 --> 00:34:26,783 Hm. 727 00:34:29,448 --> 00:34:30,948 I love you. 728 00:34:32,651 --> 00:34:34,241 You need me. 729 00:34:34,243 --> 00:34:35,743 There's a difference. 730 00:34:35,744 --> 00:34:37,914 No. There isn't. 731 00:34:37,906 --> 00:34:40,326 I wish that you'd let me help you more. 732 00:34:40,329 --> 00:34:42,659 I -- you act like I don't know or care 733 00:34:42,661 --> 00:34:45,121 anything about the world -- your world. 734 00:34:45,124 --> 00:34:46,974 I follow the news. 735 00:34:46,965 --> 00:34:50,415 I-I know how much pressure you're under. 736 00:34:50,419 --> 00:34:52,759 Are you talking about the financial world 737 00:34:52,761 --> 00:34:53,971 is going into flames? 738 00:34:53,972 --> 00:34:55,472 I had lunch with Laura. 739 00:34:55,474 --> 00:34:58,934 She told me that Ira's cashing in his stocks left and right, 740 00:34:58,927 --> 00:35:00,267 converting to cash. 741 00:35:00,269 --> 00:35:02,809 He's thinking about moving to some island. 742 00:35:02,811 --> 00:35:04,271 Ira Stemple is a chump. 743 00:35:04,273 --> 00:35:06,653 He's always been a chump. 744 00:35:06,645 --> 00:35:08,145 He's made five fortunes, 745 00:35:08,147 --> 00:35:10,987 and he's lost all of them because he panics. 746 00:35:10,989 --> 00:35:12,859 Maybe. 747 00:35:12,861 --> 00:35:15,611 She asked me how you can stay so calm. 748 00:35:15,614 --> 00:35:18,664 I told her it's because you know the future. 749 00:35:18,657 --> 00:35:20,117 You always have. 750 00:35:20,118 --> 00:35:23,698 That's how your business does well, even in bad times. 751 00:35:23,702 --> 00:35:26,802 And that's why you and I are gonna be okay. 752 00:35:28,957 --> 00:35:30,547 Tell me again. 753 00:35:30,549 --> 00:35:32,799 What? 754 00:35:32,801 --> 00:35:35,341 That you love me. 755 00:35:39,678 --> 00:35:41,968 I love you. 756 00:35:48,146 --> 00:35:49,476 I love you. 757 00:35:54,573 --> 00:35:58,163 I hadn't made a sales call in 40 years. 758 00:35:58,156 --> 00:36:01,866 40 years, I'd made them come to me. 759 00:36:01,870 --> 00:36:04,040 Now was the worst time in history 760 00:36:04,042 --> 00:36:05,492 to drum up new business. 761 00:36:05,494 --> 00:36:07,344 Ah, screw it. 762 00:36:13,051 --> 00:36:15,921 Martin? Bernie Madoff. 763 00:36:15,924 --> 00:36:17,764 [ Chuckles ] 764 00:36:17,756 --> 00:36:20,006 Yeah, it's been a long, long time. 765 00:36:20,008 --> 00:36:21,848 Listen, I'm starting a new fund. 766 00:36:21,850 --> 00:36:23,350 It's a specialized thing. 767 00:36:23,352 --> 00:36:25,182 It's only for big fish like you. 768 00:36:25,183 --> 00:36:26,693 No, no, no. 769 00:36:26,685 --> 00:36:28,355 Warren, with the relationships 770 00:36:28,357 --> 00:36:30,357 that I've developed over the years, 771 00:36:30,359 --> 00:36:32,519 the market doesn't stay frozen for me. 772 00:36:32,521 --> 00:36:34,731 Demitri, of course it's exclusive. 773 00:36:34,733 --> 00:36:37,703 Would I be calling you unless it was exclusive? 774 00:36:37,696 --> 00:36:39,076 I don't really give a crap 775 00:36:39,077 --> 00:36:42,077 what the Mandarin word for "counterparties" is. 776 00:36:42,080 --> 00:36:44,120 You just tell them I'm Bernie Madoff. 777 00:36:44,122 --> 00:36:45,912 I'll worry about that. 778 00:36:45,914 --> 00:36:48,964 And -- And -- And you've got to give me an answer tonight 779 00:36:48,957 --> 00:36:52,537 because this -- this whole fund is closing tonight. 780 00:36:52,541 --> 00:36:56,211 Ruth, honey, do me a favor. 781 00:36:56,214 --> 00:36:57,894 Transfer some funds 782 00:36:57,886 --> 00:37:01,636 from business-private to joint-personal. 783 00:37:01,640 --> 00:37:04,970 About $15, $16 million. 784 00:37:04,973 --> 00:37:06,273 And -- and -- and... 785 00:37:06,265 --> 00:37:09,895 40 years of keeping my head above water. 786 00:37:09,898 --> 00:37:12,558 And now I'm finally drowned. 787 00:37:16,905 --> 00:37:19,945 ♪♪ 788 00:37:51,650 --> 00:37:54,190 Dad? What are you doing down there? 789 00:37:54,192 --> 00:37:55,982 I'm fine. 790 00:37:55,984 --> 00:37:57,864 It's just my back. 791 00:37:57,856 --> 00:38:00,446 Well, you -- you don't look fine. 792 00:38:01,610 --> 00:38:04,160 I guess I'll be the judge of that. 793 00:38:04,162 --> 00:38:06,502 I'm worried about you, okay? 794 00:38:06,495 --> 00:38:07,825 You're acting weird. 795 00:38:07,826 --> 00:38:08,996 I'm fine. 796 00:38:08,997 --> 00:38:10,497 If your back is that bad -- 797 00:38:10,499 --> 00:38:12,119 I'm fine! 798 00:38:12,120 --> 00:38:14,620 And if you don't have anything important to say to me, 799 00:38:14,623 --> 00:38:16,633 would you consider doing some actual work 800 00:38:16,625 --> 00:38:19,465 instead of just whimpering about me? 801 00:38:19,468 --> 00:38:21,798 Bernie, why you got to talk to him like that? 802 00:38:21,800 --> 00:38:22,970 Oh, shush. 803 00:38:22,971 --> 00:38:24,721 NEWSCASTER: The incredible volatility 804 00:38:24,723 --> 00:38:27,143 we saw today in the market is a sign of how unnerved... 805 00:38:27,135 --> 00:38:29,475 Those unnerved investors are calling their brokers, 806 00:38:29,478 --> 00:38:31,638 calling their bankers, calling their rich uncles, 807 00:38:31,640 --> 00:38:33,310 wanting to know how to protect themselves, 808 00:38:33,311 --> 00:38:34,811 their families, and their futures. 809 00:38:34,813 --> 00:38:36,823 NEWSCASTER: Call it "Nightmare on Wall Street." 810 00:38:36,815 --> 00:38:38,485 The meltdown in the financial... 811 00:38:38,487 --> 00:38:40,487 NEWSCASTER 2: The big three American automakers 812 00:38:40,489 --> 00:38:43,489 were back on Capitol Hill today, saying their companies, 813 00:38:43,492 --> 00:38:45,902 pillars of the American economy for decades, 814 00:38:45,904 --> 00:38:47,834 are on the brink of disappearing. 815 00:38:47,826 --> 00:38:49,826 NEWSCASTER 3: Nearly 3 million Americans 816 00:38:49,828 --> 00:38:52,208 have joined the ranks of the unemployed this year, 817 00:38:52,210 --> 00:38:54,870 pushing the total number of those out of work... Fraud, fraud, fraud, fraud! 818 00:38:54,873 --> 00:38:58,513 ...or looking for work to more than 10 million. Fraud, fraud, 819 00:38:58,507 --> 00:39:00,167 fraud, fraud! 820 00:39:00,168 --> 00:39:02,168 FRANK: You're gonna turn this around, Bernie. 821 00:39:02,170 --> 00:39:04,670 Just like you always do. 822 00:39:04,673 --> 00:39:09,603 NEWSCASTER: Stocks in the financial sector down 17%, retail down 10%. 823 00:39:09,598 --> 00:39:11,178 NEWSCASTER 2: Wall Street's top executives 824 00:39:11,179 --> 00:39:12,429 have been holding emergency meetings 825 00:39:12,431 --> 00:39:13,521 with government officials... 826 00:39:13,522 --> 00:39:15,022 -...made in China. -I think I got him. 827 00:39:15,023 --> 00:39:17,363 It's like the blind leading the blind. 828 00:39:17,355 --> 00:39:18,735 NEWSCASTER: ...battered investment bank. 829 00:39:18,737 --> 00:39:20,357 NEWSCASTER 2: ...as the huge bank dramatically collapsed. 830 00:39:20,358 --> 00:39:21,438 NEWSCASTER 3: Stocks reeling again. 831 00:39:21,440 --> 00:39:24,070 Dow Industrials were off almost 700 points. 832 00:39:24,072 --> 00:39:26,542 That's the fourth-largest point drop in a day. 833 00:39:26,535 --> 00:39:28,195 Eleanor! 834 00:39:28,196 --> 00:39:30,446 NEWSCASTER: The holiday weekend seems to have soured things. 835 00:39:30,449 --> 00:39:31,619 Keep it going. I am. 836 00:39:31,620 --> 00:39:33,200 Come on, get the kink out in here, all right? 837 00:39:33,201 --> 00:39:34,411 [ Bell clanging ] 838 00:39:34,413 --> 00:39:36,293 The glow of the holiday weekend faded quickly. 839 00:39:36,294 --> 00:39:39,554 NEWSCASTER 2: Holiday sales are not likely to turn things around. 840 00:39:39,548 --> 00:39:40,588 Eleanor! 841 00:39:40,589 --> 00:39:42,459 Eleanor! 842 00:39:42,461 --> 00:39:44,211 What? What is it? 843 00:39:44,212 --> 00:39:47,392 Where is my address book, please? 844 00:39:47,385 --> 00:39:49,595 Oh, Bernie, you gave it to me yesterday to update. 845 00:39:49,598 --> 00:39:50,928 It's on my desk. Get it! 846 00:39:50,929 --> 00:39:53,269 You want me to turn a light on in here or something? 847 00:39:53,271 --> 00:39:54,311 Just get it! Okay. 848 00:39:59,728 --> 00:40:01,978 It's like working in the Bat Cave or something. 849 00:40:01,980 --> 00:40:03,320 Here you go. 850 00:40:07,075 --> 00:40:09,155 [ Coughs ] 851 00:40:14,162 --> 00:40:19,462 Boys...I want to give early Christmas bonuses this year. 852 00:40:19,458 --> 00:40:22,128 These are the names of the people 853 00:40:22,130 --> 00:40:23,420 I want to give something early. 854 00:40:23,421 --> 00:40:25,091 Can I call you back? Let me call you back. 855 00:40:30,308 --> 00:40:32,098 W-Why do you want to do that? 856 00:40:32,100 --> 00:40:34,970 What do you mean, why? We had a good year. 857 00:40:34,973 --> 00:40:38,773 Why would you want to give early bonuses in this market? 858 00:40:38,767 --> 00:40:42,317 Uh...yeah. 859 00:40:42,320 --> 00:40:45,150 Right, right, right. 860 00:40:45,153 --> 00:40:47,373 Forget it. Yeah, forget it. 861 00:40:47,365 --> 00:40:48,615 Do you want this back? 862 00:40:48,617 --> 00:40:49,617 No, no. 863 00:40:52,491 --> 00:40:54,621 Hey, yeah, go ahead. 864 00:40:54,623 --> 00:40:57,133 [ Groans ] 865 00:41:08,967 --> 00:41:10,137 [ Coughs ] 866 00:41:10,138 --> 00:41:11,888 [ Gasping ] 867 00:41:16,184 --> 00:41:18,484 [ Groans ] 868 00:41:18,476 --> 00:41:21,556 Ah, Tweedledum and Tweedledee. 869 00:41:21,560 --> 00:41:22,810 Dad, we're worried about you. 870 00:41:22,811 --> 00:41:23,981 We're here to help. 871 00:41:23,982 --> 00:41:25,152 You can tell us if there's something wrong. 872 00:41:25,153 --> 00:41:26,913 Well, I'll file that away, okay? 873 00:41:26,905 --> 00:41:28,235 But there's nothing wrong. 874 00:41:28,236 --> 00:41:30,026 Should I call 911? I'm fine. 875 00:41:30,028 --> 00:41:31,408 I think we should have a doctor come in 876 00:41:31,409 --> 00:41:32,569 and check you out just in case. 877 00:41:32,571 --> 00:41:33,821 Get out of here. 878 00:41:33,822 --> 00:41:35,162 [ Gasping ] 879 00:41:35,163 --> 00:41:36,203 I can't do this here. 880 00:41:36,204 --> 00:41:38,334 You can't do what? I have to go home. 881 00:41:38,326 --> 00:41:39,576 I'm gonna call the car. 882 00:41:39,578 --> 00:41:40,828 [ Sobbing ] Dad? 883 00:41:40,829 --> 00:41:42,249 Dad, what's going on? 884 00:41:42,250 --> 00:41:43,830 Could we have the car outside? 885 00:41:43,832 --> 00:41:48,222 I can't -- I want to go home to Ruth. 886 00:41:48,216 --> 00:41:49,386 Tell me what's going on. 887 00:41:49,387 --> 00:41:50,677 I want to go home! [ Groaning ] 888 00:41:50,679 --> 00:41:52,009 Dad, are you okay? Get me up. 889 00:41:52,010 --> 00:41:53,090 I have to go see Ruth. 890 00:41:53,091 --> 00:41:54,341 Dad, what's going on? 891 00:41:54,342 --> 00:41:55,182 Just get me up. 892 00:41:55,183 --> 00:41:56,263 Okay. Come on. 893 00:41:56,264 --> 00:41:57,734 I need a hand. 894 00:41:57,726 --> 00:41:59,686 [ Groans ] 895 00:41:59,688 --> 00:42:01,018 One, two, three. 896 00:42:01,019 --> 00:42:02,439 All right, thanks. 897 00:42:02,440 --> 00:42:04,020 Thanks. Thank you. 898 00:42:04,022 --> 00:42:05,522 Thank you. 899 00:42:08,737 --> 00:42:11,697 [ Horns honking ] 900 00:42:26,965 --> 00:42:29,045 What -- What is it? 901 00:42:31,720 --> 00:42:33,630 Okay. 902 00:42:33,632 --> 00:42:35,132 Bernie. Okay. 903 00:42:39,808 --> 00:42:42,558 I have something to tell you. 904 00:42:45,443 --> 00:42:47,493 ♪♪