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00:00:28,279 --> 00:00:29,948
PROPERTY OF
FEDERAL BUREAU OF PRISONS
3
00:00:30,198 --> 00:00:32,200
One silk handkerchief.
4
00:00:33,785 --> 00:00:34,828
One necktie.
5
00:00:37,330 --> 00:00:38,623
One watch.
6
00:00:42,127 --> 00:00:43,420
One ring.
7
00:00:46,297 --> 00:00:48,550
One gold money clip with no money in it.
8
00:00:54,013 --> 00:00:56,182
And one mobile phone.
9
00:01:05,775 --> 00:01:08,820
Fifty cents a day,
minus what you spent inside,
10
00:01:08,903 --> 00:01:10,739
and a train ticket to the Big Apple.
11
00:01:10,822 --> 00:01:13,450
Good luck, Gekko, and don't come back.
12
00:01:14,409 --> 00:01:17,704
You want to know
what the mother of all bubbles was?
13
00:01:18,288 --> 00:01:21,040
It came out of nowhere. By chance.
14
00:01:21,124 --> 00:01:22,751
- How many you got, Mac?
- Five.
15
00:01:22,834 --> 00:01:25,503
They called it the Cambrian Explosion.
16
00:01:25,587 --> 00:01:28,006
It happened around 530 million years ago.
17
00:01:28,089 --> 00:01:29,090
Open the gate!
18
00:01:29,174 --> 00:01:33,678
And over the next 70, 80 million years,
the rate of evolution accelerated so fast
19
00:01:34,637 --> 00:01:36,347
that we came along.
20
00:01:36,806 --> 00:01:38,349
The human race.
21
00:01:39,768 --> 00:01:43,938
They still can't explain how that happened,
except that it happened.
22
00:01:44,481 --> 00:01:45,523
Here he is!
23
00:01:57,952 --> 00:01:58,953
Daddy!
24
00:02:12,717 --> 00:02:15,094
Some people say it was by chance,
25
00:02:16,262 --> 00:02:17,806
others, design.
26
00:02:19,849 --> 00:02:21,643
But who really knows?
27
00:04:29,604 --> 00:04:30,772
Stop sleeping.
28
00:04:30,855 --> 00:04:32,607
You mean "wake up."
29
00:04:32,690 --> 00:04:36,027
"Wake up" is positive.
"Stop sleeping" is a negative.
30
00:04:37,612 --> 00:04:39,530
Either way,
it's not my favorite part of the day.
31
00:04:39,614 --> 00:04:41,866
It's the best part of the day.
32
00:04:42,200 --> 00:04:47,205
I feel bad for anybody who feels that way.
It means their day can't get any better.
33
00:04:47,872 --> 00:04:50,959
You go to bed too late.
You don't sleep enough.
34
00:04:54,253 --> 00:04:56,547
What's going on with you today?
35
00:04:57,256 --> 00:04:58,800
Did I tell you, or did you forget?
36
00:04:59,550 --> 00:05:01,803
I'm going to Washington for the week.
37
00:05:01,886 --> 00:05:03,096
Yeah. New site, right?
38
00:05:03,638 --> 00:05:04,806
We're launching in 10 days,
39
00:05:04,889 --> 00:05:06,557
so the whole site's down
starting tomorrow.
40
00:05:06,641 --> 00:05:09,477
What are all those angry liberals
going to do without their daily fix, baby?
41
00:05:09,560 --> 00:05:12,897
You're just as liberal as they are,
Mr. Green Energy.
42
00:05:13,022 --> 00:05:15,692
No,no,no.
The only green is money, honey.
43
00:05:15,775 --> 00:05:18,611
You're so Wall Street, it makes me sick.
44
00:05:18,903 --> 00:05:22,240
- Baby, come here.
- No. What did I ever see in you?
45
00:05:22,323 --> 00:05:23,491
- Come here.
- No.
46
00:05:23,574 --> 00:05:24,993
My next guest, Gordon Gekko,
47
00:05:25,076 --> 00:05:27,537
was one of the biggest names
on Wall Street in the '80s
48
00:05:27,620 --> 00:05:31,165
before he went to prison
for insider trading and securities fraud.
49
00:05:31,249 --> 00:05:34,085
He's outwith a new book,
and it is a shocker, believe me.
50
00:05:34,168 --> 00:05:36,379
It is called ls Greed Good?
51
00:05:36,462 --> 00:05:39,340
The man himself is here with us.
Gordon, good to have you on the program.
52
00:05:39,424 --> 00:05:41,009
Thank you, Maria. It's nice to be out.
53
00:05:41,092 --> 00:05:42,677
- Turn it off.
- One sec.
54
00:05:42,760 --> 00:05:45,138
And I must tell you,
your show is a big, big hit in the can.
55
00:05:46,514 --> 00:05:48,349
You watched it in prison?
56
00:05:48,433 --> 00:05:49,475
Your show?
57
00:05:50,184 --> 00:05:52,353
Me and a whole lot of others.
58
00:05:52,895 --> 00:05:54,605
You wrote the book in prison?
59
00:05:54,689 --> 00:05:56,941
I did. I outlined my drafts...
60
00:06:00,111 --> 00:06:01,863
I'm taking a shower.
61
00:06:39,984 --> 00:06:41,652
See you next week.
62
00:06:42,361 --> 00:06:43,821
Good luck in Washington.
63
00:07:03,508 --> 00:07:05,009
- Hello?
- Jacob.
64
00:07:05,093 --> 00:07:06,094
Dr. Masters.
65
00:07:06,177 --> 00:07:08,179
Good morning, sir.
Don't you get any sleep?
66
00:07:08,262 --> 00:07:12,058
Jacob, it happened.
As close as we've come to burn yet.
67
00:07:12,183 --> 00:07:13,601
Really? How many lasers?
68
00:07:13,684 --> 00:07:17,688
We fired 72 this morning,
and we're going to go for 96 next week.
69
00:07:17,772 --> 00:07:20,525
That's fantastic.
That's a game changer, Doc.
70
00:07:20,608 --> 00:07:23,778
So let me guess, it means we're pushing
the pace, right? You need more money?
71
00:07:23,861 --> 00:07:27,115
Well, it'd be good
if we could get another $100 million.
72
00:07:27,198 --> 00:07:30,451
We could pick up
maybe six months on our schedule.
73
00:07:30,743 --> 00:07:32,286
A hundred million dollars?
74
00:07:32,787 --> 00:07:35,456
As long as the price of oil stays high,
we'll get the money.
75
00:07:35,540 --> 00:07:37,375
That would be nice. That would be nice.
76
00:07:37,542 --> 00:07:41,212
Because The Foundation says that they're
having some problems in the markets...
77
00:07:41,295 --> 00:07:43,297
You don't worry about that, though,
okay, Doc?
78
00:07:43,381 --> 00:07:46,134
You just keep building
that baby star, okay?
79
00:07:46,217 --> 00:07:49,804
Okay. Thank you, Jacob. Thank you.
80
00:07:49,887 --> 00:07:52,098
All right, I'll talk to you soon.
81
00:08:30,678 --> 00:08:32,847
Hydra Offshore.
82
00:08:32,930 --> 00:08:35,516
Let me repeat this again.
83
00:08:35,600 --> 00:08:39,520
A huge deep-sea exploration play
off the coast of Equatorial Guinea.
84
00:08:39,604 --> 00:08:41,856
That's an oil field
that's barely been touched.
85
00:08:41,939 --> 00:08:46,777
Remember, the stock's trading
roughly 31% off the 52-week high
86
00:08:46,861 --> 00:08:50,615
and it's part owned and funded
by none other than, guess who.
87
00:08:50,865 --> 00:08:52,116
Churchill Schwartz.
88
00:08:52,200 --> 00:08:54,702
So we know they won't let
anything too bad happen here.
89
00:08:54,785 --> 00:08:56,954
My suggestion is that we get aggressive.
90
00:08:57,038 --> 00:08:58,581
- Ag reed?
- Yeah.
91
00:08:59,624 --> 00:09:00,917
We all agree?
92
00:09:01,250 --> 00:09:03,252
Ed, what do you think?
93
00:09:03,336 --> 00:09:05,296
I don't agree. Maybe it's just me.
94
00:09:05,379 --> 00:09:07,798
Equatorial Guinea's
a pretty tough dictatorship.
95
00:09:07,882 --> 00:09:09,717
This guy's already nationalized
the gold and diamond mines.
96
00:09:09,800 --> 00:09:10,843
So what's your point?
97
00:09:10,927 --> 00:09:11,969
I just don't think it's a risk our desk
98
00:09:12,053 --> 00:09:13,971
should be taking right now, that's all.
I'd wait.
99
00:09:14,096 --> 00:09:15,223
- Wait? Wait for what?
- Yeah.
100
00:09:15,306 --> 00:09:16,974
Your "Beam me up, Scottie"
hydrogen fusion deal?
101
00:09:17,058 --> 00:09:19,810
Now you're talking about something else.
It's United Fusion Corporation, Stan.
102
00:09:19,894 --> 00:09:20,978
Come on. It's apples and oranges.
103
00:09:21,062 --> 00:09:22,146
- Really?
- Yeah.
104
00:09:22,230 --> 00:09:25,900
You mean the deal that we already sank
$50 million into, Mr. Brainiac?
105
00:09:25,983 --> 00:09:29,320
Alternative energy
is what biotech was 15 years ago, Stan.
106
00:09:29,570 --> 00:09:30,780
Come on. You were young once.
You know that.
107
00:09:30,863 --> 00:09:32,740
Profits aren't quarterly.
The runs could be huge.
108
00:09:32,823 --> 00:09:35,576
We'll all be dead by the time
your nutty professor makes us any money.
109
00:09:35,660 --> 00:09:38,829
Right, this coming from the guy
who said Google was a bubble.
110
00:09:40,539 --> 00:09:44,001
Anyway. Hydra Offshore.
111
00:09:44,085 --> 00:09:47,880
It's priced right for us to make
three to five times on our money.
112
00:09:47,964 --> 00:09:50,258
And better yet, what we all love the most.
113
00:09:50,841 --> 00:09:52,176
Big year-end bonuses.
114
00:09:55,805 --> 00:09:58,015
Let's go! Let's go! Let's make some dough!
115
00:09:58,099 --> 00:09:59,183
What's up? You good?
116
00:10:11,696 --> 00:10:13,990
I can't! It's not up to me.
117
00:10:14,073 --> 00:10:18,286
Maybe I can do it, maybe I can't do it.
People are telling me something.
118
00:10:18,369 --> 00:10:21,122
Jesus! Harry, you gave me your word.
119
00:10:21,205 --> 00:10:22,873
You know I know!
120
00:10:24,875 --> 00:10:26,377
You okay, Lou?
121
00:10:27,753 --> 00:10:31,757
Good day, I'm okay. Bad day, I'm okay.
What's the difference?
122
00:10:33,342 --> 00:10:35,511
Do me a favor.
Don't ask me dumb questions.
123
00:10:35,886 --> 00:10:37,138
You wanted to see me?
124
00:10:37,221 --> 00:10:38,973
Steve, stay on top of Harry, okay?
125
00:10:39,056 --> 00:10:41,434
- He's driving me crazy.
- You got it, boss.
126
00:10:43,227 --> 00:10:44,270
Follow me.
127
00:10:50,609 --> 00:10:51,694
Why?
128
00:10:51,777 --> 00:10:54,155
That's some "Thank you."
What do you want, a kiss, too?
129
00:10:54,238 --> 00:10:56,657
I thought maybe the news out of London
would've wrecked the mood.
130
00:10:56,741 --> 00:10:58,909
London? Don't tell me London.
131
00:10:58,993 --> 00:11:03,456
I take a look at their sheets. They tell me
they got a $125 million profit, right?
132
00:11:03,539 --> 00:11:05,207
I look at the same lousy spread,
133
00:11:05,291 --> 00:11:07,043
to me it looks like
a buck and a quarter loss.
134
00:11:07,126 --> 00:11:10,713
Then they tell me, "Don't worry about it.
We're making money on the losses."
135
00:11:10,796 --> 00:11:13,799
How do you make money on losses?
You tell me.
136
00:11:14,258 --> 00:11:15,843
I'm just an old dinosaur.
137
00:11:15,926 --> 00:11:17,970
Lou, I believe in Keller Zabel. We're fine.
138
00:11:18,054 --> 00:11:19,221
And you're not a dinosaur. Come on.
139
00:11:19,305 --> 00:11:20,681
It's no fun anymore, Jacob.
140
00:11:21,807 --> 00:11:24,602
I'm talking to some guy
in Mumbai, Dumbai.
141
00:11:24,685 --> 00:11:26,437
I don't know what he's talking about.
142
00:11:26,520 --> 00:11:28,481
I don't know what he's selling,
I don't know who he is,
143
00:11:28,564 --> 00:11:29,982
I don't know how much I'm putting up.
144
00:11:30,066 --> 00:11:33,444
And my partners, they're in their graves.
They're laughing at me.
145
00:11:33,778 --> 00:11:36,364
It's just a bunch of machines now,
telling us what to do.
146
00:11:36,447 --> 00:11:38,824
That's why you got people like me here,
Lou, to lighten the load.
147
00:11:39,450 --> 00:11:42,453
Getting old is not for sissies, kid.
148
00:11:47,958 --> 00:11:49,877
Take that money, huh?
149
00:11:49,960 --> 00:11:52,588
You spend it on that pretty girl.
You deserve it.
150
00:11:54,924 --> 00:11:57,218
I remember when the pro sent me you.
151
00:11:57,301 --> 00:11:59,929
This skinny kid with crazy hair.
152
00:12:00,012 --> 00:12:02,973
I said, "Jimmy, what are you doing to me?
Give me a real caddy."
153
00:12:03,516 --> 00:12:06,685
I was having a bad day,
and you wouldn't shut up.
154
00:12:06,769 --> 00:12:08,729
Twelve years old,
you're talking to me about
155
00:12:08,813 --> 00:12:12,942
companies and sectors and earnings.
156
00:12:16,487 --> 00:12:20,950
You had the hunger, Jake.
I could smell it then. You still got it.
157
00:12:23,119 --> 00:12:25,287
I've just never had a check like this
in my hands before.
158
00:12:25,371 --> 00:12:28,749
You spend it. Somebody has to keep
our economy going.
159
00:12:29,291 --> 00:12:31,377
Well, get out of my office.
160
00:12:41,971 --> 00:12:43,389
Thank you.
161
00:12:51,147 --> 00:12:52,356
Princess cut.
162
00:12:52,523 --> 00:12:54,984
Platinum-banded, one and a half carat.
163
00:12:55,860 --> 00:12:57,903
There's nothing quite like a ring...
164
00:12:57,987 --> 00:13:02,366
Can you take me to the money room?
165
00:13:03,742 --> 00:13:07,538
You mean the private client foyer?
166
00:13:08,205 --> 00:13:09,498
That's it.
167
00:13:42,573 --> 00:13:44,867
Olga from Russia, with love.
168
00:13:45,409 --> 00:13:46,619
How are you?
169
00:13:47,077 --> 00:13:49,747
Shots or champagne, guys?
170
00:14:05,262 --> 00:14:10,059
She was scoping you for the kill, bro.
Perfect. An 11, man. Gisele time.
171
00:14:10,142 --> 00:14:11,727
No. This is...
172
00:14:16,065 --> 00:14:18,609
Wow. You're serious.
173
00:14:18,776 --> 00:14:19,777
Yeah.
174
00:14:21,153 --> 00:14:24,740
So young, and already pricing yourself
off the market.
175
00:14:25,074 --> 00:14:26,617
-'Tron?
- Shots.
176
00:14:29,411 --> 00:14:31,205
So when are you gonna ask her?
177
00:14:31,288 --> 00:14:33,165
She's not that crazy
about marriage, you know.
178
00:14:33,249 --> 00:14:34,208
I mean, look at her parents.
179
00:14:34,291 --> 00:14:36,710
A girl's got to get it straight with her pop,
don't you think?
180
00:14:36,794 --> 00:14:39,213
- What if you have kids?
- Yeah, it's going be tough.
181
00:14:39,296 --> 00:14:40,881
Did you hear what he said on TV
the other night?
182
00:14:41,423 --> 00:14:45,010
"Home loan defaults are just the first
raindrop in the mother of all storms."
183
00:14:45,135 --> 00:14:47,846
Christ. Sour grapes, this man.
184
00:14:47,930 --> 00:14:50,516
The guy is a legend. Gordon the Gekko.
185
00:14:50,849 --> 00:14:53,686
He's speaking next week
up at your old alma mater, Fordham.
186
00:14:53,936 --> 00:14:54,895
Watch yourself.
187
00:14:54,979 --> 00:14:56,605
- Hey buddy, get a cane.
- Come on, come on.
188
00:14:57,481 --> 00:14:59,692
A few of us are going up after work
to check him out. Come along.
189
00:14:59,775 --> 00:15:01,569
I can't. Winnie, you know.
190
00:15:02,278 --> 00:15:04,154
The only God you worship is Zabel.
191
00:15:04,238 --> 00:15:07,074
I don't worship the man.
He got me a seat at the table.
192
00:15:07,157 --> 00:15:10,578
The word is he's stuck with a ton of toxic
sub-prime debt off the balance sheet.
193
00:15:10,661 --> 00:15:12,580
Billions. Can't find a bid for it.
194
00:15:12,663 --> 00:15:13,831
Yeah, so what?
195
00:15:14,248 --> 00:15:16,750
So, buddy, it don't matter
if the rumors are true or not.
196
00:15:16,834 --> 00:15:18,919
Because in this climate,
it's what buyers believe.
197
00:15:19,003 --> 00:15:20,504
And where there's smoke, there's fire.
198
00:15:20,796 --> 00:15:22,506
- I'll make you a bet right now.
- Go.
199
00:15:22,590 --> 00:15:25,092
I got a million dollars
left of my bonus, okay?
200
00:15:25,175 --> 00:15:26,927
It's yours tomorrow a.m.
201
00:15:27,011 --> 00:15:29,221
You put it in KZI shares.
You leverage that to the max.
202
00:15:29,305 --> 00:15:30,431
That's how much I believe
in this company.
203
00:15:30,514 --> 00:15:31,849
Did you not hear me?
204
00:15:31,932 --> 00:15:33,684
Listen, as your only friend left
205
00:15:33,767 --> 00:15:36,854
from a place in Long Island no one can
remember, let alone pronounce,
206
00:15:36,937 --> 00:15:39,231
I'm telling you,
you're acting like your mama.
207
00:15:40,399 --> 00:15:42,484
Don't do that. Leave her out of this.
208
00:15:42,568 --> 00:15:45,321
Plus, why would he spot-bonus me
right now if we were in trouble, huh?
209
00:15:45,404 --> 00:15:46,447
It makes no sense.
210
00:15:46,530 --> 00:15:48,741
Look, you don't want to
make any money on this, fine.
211
00:15:48,824 --> 00:15:51,118
- I'm sure Harry Shapiro would love to.
- Okay, okay.
212
00:15:51,201 --> 00:15:53,287
I'm a hooker, too. Send it to me.
213
00:15:53,370 --> 00:15:54,830
You're still young enough to recover.
214
00:15:56,165 --> 00:15:58,083
I'll ream you on the commission.
215
00:15:58,167 --> 00:16:01,253
I'm gonna love the look on your face
when I make so much money off this.
216
00:16:01,337 --> 00:16:03,047
I'll have no choice but to walk away.
217
00:16:06,800 --> 00:16:09,428
Guys, we're looking
at an unprecedented meltdown here.
218
00:16:09,511 --> 00:16:11,013
I've never seen anything like it...
219
00:16:11,388 --> 00:16:14,266
Keller Zabel's loss today
was the worst in over a year.
220
00:16:14,350 --> 00:16:16,644
And this big drop may be
just the beginning
221
00:16:16,727 --> 00:16:18,896
of a much deeper correction.
222
00:16:19,188 --> 00:16:22,733
It is an amazing story.
Keller Zabel stock is getting hammered.
223
00:16:22,816 --> 00:16:25,653
How is it you've never been more wrong
in your life than right now?
224
00:16:25,736 --> 00:16:28,113
You're losing all your money right now.
I see it, it's going down.
225
00:16:28,197 --> 00:16:31,533
Somebody is betting big money
that Zabel's stock is about to collapse.
226
00:16:31,617 --> 00:16:32,660
You wanna owe?
227
00:16:32,826 --> 00:16:34,703
This stock's about to lose
its bar mitzvah, Jake.
228
00:16:34,787 --> 00:16:37,706
Take the haircut and sell.
You're on a 50% margin, buddy.
229
00:16:37,790 --> 00:16:40,959
I can still get you out now
at a total loss, but at least you won't owe.
230
00:16:41,293 --> 00:16:42,836
...threatening the firm's liquidity.
231
00:16:42,920 --> 00:16:47,675
In one incredible week, shares of KZI
are down 52%.
232
00:16:47,841 --> 00:16:49,843
I know where the stock is.
I have it in front of me.
233
00:16:49,927 --> 00:16:52,012
What you got to do right now is relax,
take a deep breath.
234
00:16:52,096 --> 00:16:53,972
Tell your banks not to sell the stock.
235
00:16:54,056 --> 00:16:56,225
The stock is overreacting right now and...
236
00:16:56,308 --> 00:16:57,726
Hey, what financial stock isn't, right?
237
00:16:57,810 --> 00:17:00,229
Listen, three months from now
we're going to look back on this and laugh.
238
00:17:00,312 --> 00:17:01,480
You're angry? I'm angry-
239
00:17:01,563 --> 00:17:02,648
Okay! We're okay.
240
00:17:02,731 --> 00:17:03,982
- Relax.
- Relax.
241
00:17:05,526 --> 00:17:06,652
Jesus Christ.
242
00:17:07,111 --> 00:17:08,570
I've known you your whole life, Jake.
243
00:17:09,113 --> 00:17:10,781
And I know when you're lying to yourself.
244
00:17:10,864 --> 00:17:14,743
Robby, listen to me.
Keller Zabel's been around a long time.
245
00:17:14,827 --> 00:17:17,579
All right? It's one of the great names
in investment banking.
246
00:17:17,663 --> 00:17:20,791
A month, a year, it doesn't matter.
We'll be back to 65/70, and I'll be fine.
247
00:17:20,874 --> 00:17:22,376
You just gotta hold it, okay?
248
00:17:22,668 --> 00:17:24,211
You're gonna owe, you know.
249
00:17:24,294 --> 00:17:26,755
Not just the buck, but the margin, too.
We're talking another...
250
00:17:26,839 --> 00:17:28,090
Tell me.
251
00:17:29,049 --> 00:17:30,884
You don't want to hear this today.
252
00:17:30,968 --> 00:17:32,219
Robby.
253
00:17:32,636 --> 00:17:33,637
How much?
254
00:17:33,721 --> 00:17:35,055
At least another half a buck.
255
00:17:36,640 --> 00:17:38,976
Give me the okay to sell, buddy.
256
00:17:40,310 --> 00:17:41,645
Right now.
257
00:17:42,354 --> 00:17:44,982
Sell. Sell!
258
00:17:45,482 --> 00:17:47,484
Robby, I got to call you later.
259
00:17:47,901 --> 00:17:49,653
Have you seen Zabel?
260
00:17:58,746 --> 00:18:00,372
Annica, where's Lou?
261
00:18:00,456 --> 00:18:03,333
Not in. Not answering.
262
00:18:04,835 --> 00:18:06,003
Not happy-
263
00:18:12,926 --> 00:18:13,927
Hey.
264
00:18:15,304 --> 00:18:16,346
Lou.
265
00:18:20,350 --> 00:18:22,686
Hey, Lou. How's your day going?
266
00:18:22,811 --> 00:18:27,024
I told you. Good day, I'm okay.
Bad day, I'm okay.
267
00:18:27,107 --> 00:18:30,110
Stop bugging me on my feelings.
They're irrelevant.
268
00:18:31,570 --> 00:18:34,406
I wanted to come see you face to face
and talk about these rumors, you know.
269
00:18:34,490 --> 00:18:36,074
Because it's getting crazy.
It's out of control now.
270
00:18:36,158 --> 00:18:37,326
I'm hearing it from all ends.
271
00:18:37,409 --> 00:18:38,452
Our world is all bullshit.
272
00:18:39,703 --> 00:18:43,415
Some TV bubblehead, he gets up there
like he knows something.
273
00:18:43,791 --> 00:18:46,043
He sells fear, panic.
274
00:18:46,210 --> 00:18:48,462
And morons, they love it.
275
00:18:48,545 --> 00:18:51,215
They want it to end because it sells.
276
00:18:51,298 --> 00:18:53,467
There's no limits anymore.
277
00:18:53,842 --> 00:18:57,304
Muriel knows how to walk this thing.
It's her damn dog.
278
00:18:57,387 --> 00:18:59,389
Lou, I can help. I can get
to the bottom of these derivatives.
279
00:18:59,473 --> 00:19:00,891
You just got to tell me.
280
00:19:00,974 --> 00:19:02,476
There's so much you don't know, Jacob.
281
00:19:02,559 --> 00:19:05,354
What? What about the bonus thing?
Why now?
282
00:19:05,604 --> 00:19:09,399
Because I know you.
You're holding out for something better.
283
00:19:10,067 --> 00:19:12,945
Well, don't. Spend it. Use the money.
284
00:19:13,028 --> 00:19:14,988
Because one day, you're gonna wake up
and you're gonna be dead.
285
00:19:15,072 --> 00:19:16,782
Lou, you got to get yourself together,
all right?
286
00:19:16,865 --> 00:19:18,075
We're gonna be fine.
287
00:19:18,158 --> 00:19:20,994
No matter how bad this thing gets,
we have real equity in this company.
288
00:19:21,078 --> 00:19:22,287
We're gonna get through this.
289
00:19:22,371 --> 00:19:23,831
Marry Gekko's daughter.
290
00:19:23,914 --> 00:19:25,916
Make some kids with her.
291
00:19:26,250 --> 00:19:29,044
And you spend as much time as you can
with those kids when they're young
292
00:19:29,127 --> 00:19:31,171
because everything changes. Everything.
293
00:19:31,255 --> 00:19:34,216
I cannot help you if I don't understand
what you are talking about.
294
00:19:34,299 --> 00:19:37,052
There's 15,000 jobs on the line right now.
295
00:19:37,135 --> 00:19:39,388
Somebody's after us, right?
Somebody's trying to hurt us.
296
00:19:39,471 --> 00:19:42,724
There's a reason this is happening.
I need to know how and why.
297
00:19:42,808 --> 00:19:46,144
You know that dream you got about
that little energy company in California?
298
00:19:46,228 --> 00:19:49,356
You may not get there,
but you hold on to that.
299
00:19:49,439 --> 00:19:50,941
Because everything else is just noise.
300
00:19:51,024 --> 00:19:53,861
It's not just noise.
There's 15,000 jobs on the line.
301
00:19:53,944 --> 00:19:56,530
Fifteen thousand people here.
That's not noise.
302
00:19:56,613 --> 00:19:58,740
- Are we going under?
- I never liked this damn dog.
303
00:19:58,824 --> 00:20:00,826
Louis, are we going under?
304
00:20:03,912 --> 00:20:05,664
You're asking the wrong question, Jacob.
305
00:20:05,747 --> 00:20:07,332
What's the right question?
306
00:20:08,083 --> 00:20:09,084
Who isn't?
307
00:20:40,532 --> 00:20:41,992
China's out.
308
00:20:42,659 --> 00:20:43,785
You said...
309
00:20:43,869 --> 00:20:45,871
I know what I said, Bill.
310
00:20:46,663 --> 00:20:49,416
Two months we negotiated
with these pikers.
311
00:20:49,499 --> 00:20:50,751
They pulled out at 7:00 p.m.
312
00:20:50,834 --> 00:20:53,629
So what's new? They're Chinese.
313
00:20:53,754 --> 00:20:56,632
And while they were negotiating,
we lost the Koreans.
314
00:20:56,715 --> 00:20:58,425
So you're saying you don't have an out.
315
00:20:58,508 --> 00:21:02,054
No, I'm saying, just give me one week.
316
00:21:02,846 --> 00:21:06,099
We're still talking to the British.
And the Arabs are back in,
317
00:21:06,183 --> 00:21:08,101
and this time it's for real.
318
00:21:08,185 --> 00:21:10,312
Lou, we've heard this before.
319
00:21:10,395 --> 00:21:14,358
Jesus. Paul, we lost billions this week.
320
00:21:14,942 --> 00:21:18,820
If the markets don't roll over our paper
Sunday night, before Asia opens,
321
00:21:18,904 --> 00:21:21,782
Keller Zabel cannot do business
on Monday.
322
00:21:22,407 --> 00:21:25,702
Tuesday, 15,000 people are gonna be
out of a job, worldwide!
323
00:21:25,786 --> 00:21:29,539
Lou, you understated the scale
of your bad loans.
324
00:21:29,623 --> 00:21:32,000
Your valuations are no longer believable.
325
00:21:34,503 --> 00:21:36,463
After all these years,
326
00:21:37,756 --> 00:21:39,216
you say this to me?
327
00:21:40,092 --> 00:21:41,259
Me?
328
00:21:42,928 --> 00:21:46,181
Three-quarters of the banking houses
at this table
329
00:21:46,264 --> 00:21:50,060
are holding the same paper,
and you're gonna let Keller Zabel fail?
330
00:21:53,063 --> 00:21:55,357
You're all committing suicide.
331
00:21:59,277 --> 00:22:01,989
What do you say, Harry?
Will you come in on this?
332
00:22:02,072 --> 00:22:04,866
Look, if you want us
to bail out Keller Zabel,
333
00:22:04,950 --> 00:22:06,618
all of us will have to participate.
334
00:22:06,910 --> 00:22:08,829
Like Long-Term Capital, '98.
335
00:22:08,912 --> 00:22:12,249
And we will need substantial guarantees
from the US Treasury.
336
00:22:15,877 --> 00:22:17,337
Bill, I think we should talk privately.
337
00:22:17,754 --> 00:22:19,589
I think that's a good idea, Bill.
338
00:22:19,673 --> 00:22:21,466
Gentlemen, give us a minute.
339
00:22:21,633 --> 00:22:23,885
What about moral hazard, Jack?
340
00:22:24,720 --> 00:22:29,266
We bail out Keller Zabel, who's to say
it's not gonna happen again and again?
341
00:22:31,727 --> 00:22:34,229
You vindictive bastard.
342
00:22:35,731 --> 00:22:38,775
Who are you to talk about moral hazard?
343
00:22:38,859 --> 00:22:39,901
I'm sorry, Lou.
344
00:22:40,110 --> 00:22:42,362
The Street needs to make a statement
here to the world.
345
00:22:42,446 --> 00:22:43,989
It was eight years ago!
346
00:22:44,156 --> 00:22:46,783
You just can't let it go, can you, Bretton?
347
00:22:46,867 --> 00:22:48,827
All right, Lou, knock it off.
348
00:22:53,290 --> 00:22:56,126
I'd like to speak with you, Bill. Jack.
349
00:22:57,711 --> 00:22:59,129
And Lou.
350
00:23:00,172 --> 00:23:01,256
Separately.
351
00:23:03,091 --> 00:23:04,176
Thirty of our people
352
00:23:04,259 --> 00:23:06,762
have been through the Keller Zabel books
for the last three days.
353
00:23:06,845 --> 00:23:10,182
And they still say it's impossible
to get to the bottom of this.
354
00:23:10,474 --> 00:23:13,393
This could be a 10-billion dollar hole for us.
355
00:23:13,477 --> 00:23:17,731
Or it could be a 200-billion dollar hole
and there's no way we can risk that money
356
00:23:17,814 --> 00:23:19,983
without a backstop
from Treasury or the Fed.
357
00:23:20,067 --> 00:23:22,152
You started this, didn't you, Bretton?
358
00:23:22,235 --> 00:23:25,363
I said knock it off, Lou.
Or this meeting is over, you hear me?
359
00:23:26,406 --> 00:23:28,575
You're asking us
to take a large risk here, Bretton.
360
00:23:28,658 --> 00:23:29,701
What are you offering?
361
00:23:30,035 --> 00:23:33,288
Under these conditions, and assuming
362
00:23:35,207 --> 00:23:37,417
you refine your guarantee,
363
00:23:37,501 --> 00:23:40,754
Jack, Julie and I, and our partners
who have been consulted,
364
00:23:42,839 --> 00:23:45,050
are prepared to risk $2 a share.
365
00:23:47,344 --> 00:23:48,678
Two bucks?
366
00:23:49,471 --> 00:23:52,682
Jesus. You're out of your mind.
367
00:23:53,183 --> 00:23:56,937
The stock was trading at 79 a month ago!
368
00:23:57,229 --> 00:24:00,774
Our building alone is worth more
than two bucks a share.
369
00:24:01,316 --> 00:24:02,275
Julie.
370
00:24:02,359 --> 00:24:05,737
If only we had more time, Lou.
371
00:24:05,821 --> 00:24:06,947
My board will never accept this.
372
00:24:07,280 --> 00:24:10,075
There is no way I'm gonna sell
for two bucks a share.
373
00:24:10,158 --> 00:24:12,786
The government, if we guarantee this deal,
374
00:24:12,869 --> 00:24:15,163
could never justify a high price
for your company.
375
00:24:15,413 --> 00:24:17,290
And if you don't sell, Lou,
you're in bankruptcy.
376
00:24:17,374 --> 00:24:19,918
This is a public spectacle now.
377
00:24:20,001 --> 00:24:24,005
No, it's a public execution,
and you'll be leading it, Bill.
378
00:24:24,089 --> 00:24:25,423
I built this company.
379
00:24:25,507 --> 00:24:27,634
And your exit will help restore faith in it.
380
00:24:27,717 --> 00:24:29,970
Who the hell are you to tell me to get out?
381
00:24:30,053 --> 00:24:32,514
You're out, Lou!
One way or the other, you're out.
382
00:24:32,597 --> 00:24:34,641
Then the hell with you!
383
00:24:35,600 --> 00:24:39,938
I'll take my chances in bankruptcy court
before I sell to that barracuda.
384
00:24:52,909 --> 00:24:55,745
Then we have nothing more to talk about.
385
00:25:03,461 --> 00:25:04,462
Six.
386
00:25:07,215 --> 00:25:10,010
Three, and that's it.
If I can sell it to the board.
387
00:25:10,093 --> 00:25:11,094
Five.
388
00:25:11,178 --> 00:25:12,345
- Three.
- All right.
389
00:25:12,804 --> 00:25:16,850
We'll call it an even four,
so it don't look so goddamn pathetic.
390
00:25:27,861 --> 00:25:28,987
Three.
391
00:25:29,905 --> 00:25:31,323
And not a dime more.
392
00:27:12,799 --> 00:27:14,384
We have breaking news right now.
393
00:27:14,467 --> 00:27:17,178
Earlier this morning
in a New York City subway,
394
00:27:17,262 --> 00:27:19,139
Keller Zabel managing partner
395
00:27:19,222 --> 00:27:21,975
and head of one of the biggest
investment firms on Wall Street,
396
00:27:22,058 --> 00:27:24,269
Louis Zabel, 75,
397
00:27:24,352 --> 00:27:26,855
apparently jumped
in front of an oncoming train
398
00:27:26,938 --> 00:27:28,773
in front of hundreds of bystanders.
399
00:27:29,190 --> 00:27:31,568
The stock is currently halted,
pending news...
400
00:27:31,651 --> 00:27:34,195
Churchill Schwartz is making out
like a bandit right now
401
00:27:34,279 --> 00:27:35,322
with government funding.
402
00:27:35,405 --> 00:27:39,242
But Keller Zabel as an independent
investment bank is essentially finished.
403
00:27:39,367 --> 00:27:41,870
Tom, this news about Louis Zabel today
404
00:27:41,953 --> 00:27:44,706
comes as a shock to everyone.
But how are you holding up there?
405
00:27:44,789 --> 00:27:46,875
The guy was an icon on Wall Street.
406
00:27:46,958 --> 00:27:49,252
I always thought of him
as sort of a mentor to me.
407
00:27:49,336 --> 00:27:52,339
So to see this happen under
the circumstances that it did happen,
408
00:27:52,422 --> 00:27:53,631
it's devastating.
409
00:27:53,715 --> 00:27:56,718
What's it mean to the employees
at Keller Zabel?
410
00:27:56,801 --> 00:27:59,846
I think they've lost their leader.
They're going to be...
411
00:27:59,929 --> 00:28:02,349
Frankly, financially,
a lot of them are gonna be badly hurt.
412
00:28:02,432 --> 00:28:03,933
This is gonna hurt on so many fronts.
413
00:28:04,017 --> 00:28:07,604
I know it's still difficult to think about it
with this news just coming out about Louis
414
00:28:07,687 --> 00:28:10,273
but you have to wonder what this means
for the future of Wall Street.
415
00:28:10,398 --> 00:28:14,110
Another firm gone, it leaves very
few players left on the Street.
416
00:28:14,402 --> 00:28:15,528
One thing I know for sure is
417
00:28:15,612 --> 00:28:17,989
more competition
is better than less competition.
418
00:28:26,206 --> 00:28:28,291
I just heard. I'm so sorry.
419
00:28:36,341 --> 00:28:38,301
Will you marry me, Winnie?
420
00:28:46,393 --> 00:28:48,228
Will you marry me?
421
00:28:52,190 --> 00:28:53,733
What's wrong?
422
00:28:58,029 --> 00:29:01,074
It's just something Lou said
about not waiting, you know?
423
00:29:01,699 --> 00:29:03,535
And I love you.
424
00:29:09,165 --> 00:29:10,333
Yes.
425
00:29:16,131 --> 00:29:17,298
Yes?
426
00:29:24,639 --> 00:29:28,017
You know, I should tell you due diligence.
There's some...
427
00:29:28,601 --> 00:29:31,354
I'm out of a job and probably
on the other side of broke, you know.
428
00:29:33,857 --> 00:29:35,108
Awesome.
429
00:29:55,378 --> 00:29:57,464
In one of the harshest sentences
ever given
430
00:29:57,547 --> 00:30:01,384
to a white collar criminal at that time,
in 1993,
431
00:30:01,468 --> 00:30:05,847
he was sent off to Otis Federal Prison
for almost eight years.
432
00:30:06,723 --> 00:30:11,728
And so, here in person, I welcome
the man himself; Mr. Insider,
433
00:30:11,811 --> 00:30:13,271
Gordon Gekko.
434
00:30:19,569 --> 00:30:20,987
Thank you.
435
00:30:36,419 --> 00:30:38,087
You're all pretty much fucked.
436
00:30:41,341 --> 00:30:42,425
You don't know it yet,
437
00:30:44,427 --> 00:30:46,804
but you're the NINJA generation.
438
00:30:47,889 --> 00:30:49,307
No income.
439
00:30:50,183 --> 00:30:51,434
No job.
440
00:30:52,227 --> 00:30:53,520
No assets.
441
00:30:54,395 --> 00:30:56,773
You got a lot to look forward to
442
00:30:58,775 --> 00:31:01,653
Blood, buddy. He's gonna be your blood.
443
00:31:04,447 --> 00:31:07,283
Someone reminded me the other evening
444
00:31:07,700 --> 00:31:10,537
that I once said, "Greed is good."
445
00:31:12,413 --> 00:31:13,748
Now it seems it's legal.
446
00:31:17,627 --> 00:31:19,087
But, folks,
447
00:31:19,170 --> 00:31:24,008
it's greed that makes my bartender
buy three houses he can't afford
448
00:31:24,092 --> 00:31:25,802
with no money down.
449
00:31:26,302 --> 00:31:33,059
And it's greed that makes your parents
refinance their $200,000 house for 250.
450
00:31:33,977 --> 00:31:36,980
And then they take that extra 50
and they go down to the mall.
451
00:31:37,063 --> 00:31:40,733
And they buy a plasma TV, cell phones,
452
00:31:40,817 --> 00:31:44,112
computers, an SUV. And hey,
453
00:31:44,362 --> 00:31:47,407
why not a second home while we're at it?
Because, gee whiz,
454
00:31:47,490 --> 00:31:51,786
we all know that prices of houses
in America always go up, right?
455
00:31:52,453 --> 00:31:54,914
It's greed that makes
the government in this country
456
00:31:54,998 --> 00:31:58,710
cut the interest rates
to one-percent, after 9/11.
457
00:31:59,252 --> 00:32:01,254
So we could all go shopping again.
458
00:32:01,337 --> 00:32:04,924
They got all these fancy names
for trillions of dollars of credit.
459
00:32:05,008 --> 00:32:09,053
CMOs, CDOs, SIVs, ABSs.
460
00:32:09,512 --> 00:32:13,182
I honestly think there's may be
only 75 people in the world
461
00:32:13,349 --> 00:32:15,059
who know what they are.
462
00:32:17,020 --> 00:32:18,771
But I'll tell you what they are.
463
00:32:18,855 --> 00:32:22,984
They're WMDs. Weapons of
Mass Destruction. That's what they are.
464
00:32:23,067 --> 00:32:26,654
When I was away,
it seemed like greed got greedier
465
00:32:26,738 --> 00:32:29,324
with a little bit of envy mixed in.
466
00:32:30,575 --> 00:32:35,204
Hedge funders were walking home
with 50, 100 million bucks a year.
467
00:32:35,747 --> 00:32:40,043
So Mr. Banker, he's looks around,
and he says, "My life looks pretty boring. "
468
00:32:40,209 --> 00:32:44,922
So he starts leveraging his interests
up to 40, 50 to one
469
00:32:45,006 --> 00:32:46,674
with your money.
470
00:32:47,008 --> 00:32:48,760
Not his, yours.
471
00:32:50,219 --> 00:32:51,387
Because he could.
472
00:32:52,055 --> 00:32:54,557
You're supposed to be borrowing,
not them.
473
00:32:55,683 --> 00:32:57,644
And the beauty of the deal,
474
00:32:57,727 --> 00:33:00,146
no one is responsible.
475
00:33:01,689 --> 00:33:04,233
Because everybody's drinking
the same Kool-Aid.
476
00:33:04,901 --> 00:33:06,611
Last year, ladies and gentlemen,
477
00:33:06,694 --> 00:33:10,406
forty percent
of all American corporate profits
478
00:33:10,490 --> 00:33:12,450
came from financial services.
479
00:33:12,742 --> 00:33:13,868
Not production,
480
00:33:13,951 --> 00:33:17,622
not anything remotely to do
with the needs of the American public.
481
00:33:17,955 --> 00:33:19,916
The truth is, we're all part of it now.
482
00:33:20,708 --> 00:33:24,712
Banks, consumers,
we 're moving money around in circles.
483
00:33:25,129 --> 00:33:26,839
We take a buck,
484
00:33:26,923 --> 00:33:30,718
we shoot it full of steroids,
and we call it "leverage."
485
00:33:32,553 --> 00:33:34,681
I call it "steroid banking."
486
00:33:36,391 --> 00:33:39,143
I've been considered a pretty smart guy
when it comes to finance.
487
00:33:39,227 --> 00:33:40,228
That was fantastic, man.
488
00:33:40,520 --> 00:33:42,689
And maybe I was in prison too long.
489
00:33:42,939 --> 00:33:45,525
But sometimes
it's the only place to stay sane
490
00:33:45,608 --> 00:33:47,443
and look out through those bars and say,
491
00:33:47,527 --> 00:33:49,987
"Hey! ls everybody out there nuts?”
492
00:33:57,787 --> 00:34:00,581
It's clear as a bell
to those that pay attention.
493
00:34:03,084 --> 00:34:06,671
The mother of all evil is speculation.
494
00:34:08,798 --> 00:34:10,675
Leveraged debt.
495
00:34:11,259 --> 00:34:12,468
Bottom line.
496
00:34:13,386 --> 00:34:15,471
It's borrowing to the hilt.
497
00:34:17,265 --> 00:34:19,183
And I hate to tell you this,
498
00:34:19,267 --> 00:34:22,603
but it's a bankrupt business model.
It won't work.
499
00:34:23,479 --> 00:34:27,817
It's systemic, malignant, and it's global.
500
00:34:29,068 --> 00:34:30,319
Like cancer.
501
00:34:31,821 --> 00:34:35,324
It's a disease, and we got to fight back.
502
00:34:36,784 --> 00:34:38,578
How are we gonna do that?
503
00:34:39,162 --> 00:34:42,832
How are we gonna leverage
that disease back in our favor?
504
00:34:45,001 --> 00:34:46,294
Well, I'll tell you.
505
00:34:47,336 --> 00:34:49,088
Three words.
506
00:34:51,466 --> 00:34:53,384
Buy my book.
507
00:34:58,139 --> 00:35:00,308
Prices and profits work.
508
00:35:03,311 --> 00:35:06,230
This is the kind of energy we need
out there. You just keep it up.
509
00:35:06,355 --> 00:35:07,607
Mr. Gekko!
510
00:35:08,858 --> 00:35:11,861
- Excuse me for a moment, sir.
- Q and A's over, all right?
511
00:35:12,612 --> 00:35:15,531
Buy the book. There's no more free advice.
512
00:35:15,698 --> 00:35:18,159
My name is Jacob Moore.
I'm gonna marry your daughter.
513
00:35:22,914 --> 00:35:24,207
Does she know that?
514
00:35:24,999 --> 00:35:26,375
She pretended to.
515
00:35:28,085 --> 00:35:30,046
All right, I'll give you 10 minutes.
516
00:35:30,880 --> 00:35:34,717
I'm a prop trader at Keller Zabel.
I specialize in energy with a focus on...
517
00:35:34,801 --> 00:35:36,385
Sorry about Lou.
518
00:35:36,469 --> 00:35:39,055
One of the toughest guys
that ever wore shoes.
519
00:35:39,138 --> 00:35:40,515
But when those rumors start...
520
00:35:40,598 --> 00:35:42,725
Yeah. I wish I knew who started this.
521
00:35:42,809 --> 00:35:43,893
I loved him very much.
522
00:35:44,143 --> 00:35:45,311
Like a father.
523
00:35:45,394 --> 00:35:48,439
He got me a scholarship here at Fordham
and hired me right out of business school.
524
00:35:48,523 --> 00:35:52,610
Well, no one else in this market's
had the balls to commit suicide.
525
00:35:53,069 --> 00:35:55,154
It's an honorable thing to do.
526
00:35:57,782 --> 00:35:59,826
Mr. Gekko, I'm in love with your daughter.
527
00:35:59,909 --> 00:36:01,536
And I'd be honored...
528
00:36:02,411 --> 00:36:04,247
Why is that funny?
529
00:36:04,330 --> 00:36:07,834
My daughter hasn't spoken to me in years,
and you know it.
530
00:36:07,917 --> 00:36:10,419
She blames me for her brother's overdose
531
00:36:10,503 --> 00:36:13,589
and just about every other disaster
that's hit this world
532
00:36:13,673 --> 00:36:15,383
since Nintendo.
533
00:36:16,300 --> 00:36:19,595
You don't think it's strange that she's
dating somebody from Wall Street?
534
00:36:19,679 --> 00:36:22,431
- Why?
- Because she hates it.
535
00:36:22,515 --> 00:36:25,268
You don't think it's funny
that she'd fall in love with you?
536
00:36:29,021 --> 00:36:30,314
I bet you don't have one of these.
537
00:36:31,148 --> 00:36:33,526
No. Can I see that?
538
00:36:33,609 --> 00:36:34,610
Yeah.
539
00:36:35,611 --> 00:36:37,697
It's when she was eight.
540
00:36:38,281 --> 00:36:41,617
Can I have a copy of it? She doesn't keep
pictures from her childhood.
541
00:36:41,701 --> 00:36:44,954
I don't even know you, you already
want something from me, huh?
542
00:36:45,496 --> 00:36:47,582
So what do I get in return?
543
00:36:47,665 --> 00:36:49,959
Don't you want to make a trade?
544
00:36:50,042 --> 00:36:51,878
Yeah, okay. All right.
545
00:36:51,961 --> 00:36:55,047
I'll give you this and you give me
another picture of Winnie.
546
00:36:55,131 --> 00:36:57,466
Recent, without you in it.
547
00:36:57,550 --> 00:36:59,218
I don't have one on me.
548
00:36:59,302 --> 00:37:01,220
I guess this is on margin, huh?
549
00:37:05,808 --> 00:37:07,226
It's always been energy.
550
00:37:07,476 --> 00:37:09,270
I've been specializing more and more
in clean tech.
551
00:37:09,353 --> 00:37:10,730
It's sort of a passion now.
552
00:37:10,813 --> 00:37:13,316
That's smart. That's the next bubble.
553
00:37:13,482 --> 00:37:17,028
What are you,
some kind of energy freedom-fighter?
554
00:37:17,194 --> 00:37:19,822
No, Mr. Gekko. I'm in this game
to make money like anybody else.
555
00:37:19,906 --> 00:37:21,824
So what about money, Jake?
556
00:37:21,908 --> 00:37:23,117
You like her?
557
00:37:24,035 --> 00:37:25,620
Do I like...
558
00:37:25,703 --> 00:37:28,247
I've never thought about money as a "she."
559
00:37:29,665 --> 00:37:32,585
She lies there in bed at night with you,
560
00:37:32,752 --> 00:37:34,754
looking at you, one eye open.
561
00:37:37,924 --> 00:37:40,509
Money's a bitch that never sleeps.
562
00:37:41,218 --> 00:37:42,929
And she's jealous.
563
00:37:43,012 --> 00:37:45,306
And if you don't pay close attention,
564
00:37:45,389 --> 00:37:48,809
you wake up in the morning,
and she might be gone forever.
565
00:37:52,521 --> 00:37:54,023
Respectfully,
566
00:37:54,106 --> 00:37:56,651
Mr. Gekko, I don't want to end up
where you are because of money.
567
00:37:56,734 --> 00:37:58,819
Oh, yeah. So marry it instead, right?
568
00:38:02,865 --> 00:38:04,241
What do you mean?
569
00:38:05,326 --> 00:38:06,535
Winnie doesn't have any money.
570
00:38:09,914 --> 00:38:10,915
Right.
571
00:38:11,707 --> 00:38:14,126
Here I thought you were a gold-digger.
572
00:38:15,711 --> 00:38:17,630
Does Winnie know you came to see me?
573
00:38:17,713 --> 00:38:19,048
No.
574
00:38:19,215 --> 00:38:22,551
Well, not exactly. I was gonna tell her.
575
00:38:23,719 --> 00:38:26,472
I don't think that's a good idea, pal.
576
00:38:26,555 --> 00:38:28,808
See, I got a feeling
you may want to be seeing me again
577
00:38:28,891 --> 00:38:31,310
and if she knew
we had this little pow-wow,
578
00:38:31,394 --> 00:38:32,895
she's not gonna let it happen.
579
00:38:36,440 --> 00:38:38,484
You know what? You're a smart kid.
580
00:38:38,567 --> 00:38:40,820
You should just walk away.
You never met me.
581
00:38:40,903 --> 00:38:42,405
I don't understand.
582
00:38:42,571 --> 00:38:43,656
I think...
583
00:38:43,864 --> 00:38:47,284
The man that you loved like a father
who threw himself under a subway?
584
00:38:47,368 --> 00:38:49,120
I think you're angrier
than you think you are.
585
00:38:49,203 --> 00:38:52,206
And I think you wanna be
in the family business.
586
00:38:52,915 --> 00:38:54,333
Which is what?
587
00:38:54,417 --> 00:38:55,626
Payback.
588
00:38:56,293 --> 00:38:58,295
Except I'm not in that business anymore.
589
00:38:58,379 --> 00:39:00,047
Because the one thing I learned in jail
590
00:39:00,131 --> 00:39:03,426
is that money is not the prime asset in life.
591
00:39:03,509 --> 00:39:04,510
Time is.
592
00:39:04,593 --> 00:39:06,095
And your time is just about up.
593
00:39:08,848 --> 00:39:10,683
Winnie needs to get past the pain
you caused her.
594
00:39:11,267 --> 00:39:12,476
I caused her?
595
00:39:12,601 --> 00:39:14,687
Look, she wants you back in her life.
596
00:39:14,770 --> 00:39:16,647
She just can't handle it right now.
597
00:39:16,731 --> 00:39:18,691
Okay? Maybe I can help.
598
00:39:18,774 --> 00:39:23,154
Maybe you can, maybe you can.
That's what makes the market, Jake.
599
00:39:23,320 --> 00:39:24,989
This is my station.
600
00:39:25,072 --> 00:39:27,324
That is my email address.
601
00:39:36,459 --> 00:39:39,879
By the way, the rumors on Zabel?
602
00:39:39,962 --> 00:39:41,172
Yeah?
603
00:39:41,255 --> 00:39:43,549
It had to be someone
with enough clout to be believed,
604
00:39:43,632 --> 00:39:46,385
somebody who made a fortune
shorting the stock.
605
00:39:46,469 --> 00:39:48,429
An axe to grind.
606
00:39:49,180 --> 00:39:53,184
Word has it that Bretton James
gutted Zabel at the Fed.
607
00:39:53,350 --> 00:39:56,312
Just stuck that knife
right into his stomach.
608
00:40:03,444 --> 00:40:05,112
Check out 2000.
609
00:40:05,196 --> 00:40:06,906
The Internet bubble.
610
00:40:06,989 --> 00:40:09,325
Churchill Schwartz, they got hosed.
611
00:40:11,660 --> 00:40:14,121
You know there's fortunes to be made.
612
00:40:14,205 --> 00:40:17,708
Hundreds of millions of dollars
betting against this bubble.
613
00:40:17,792 --> 00:40:19,251
Just wish I had a million.
614
00:40:26,258 --> 00:40:27,593
It checks out, baby.
615
00:40:27,927 --> 00:40:32,306
Thirteen banks were approached
in 2000 to rescue Churchill Schwartz.
616
00:40:32,473 --> 00:40:35,851
Bretton James' division was over-invested
in the Internet bubble collapse.
617
00:40:36,685 --> 00:40:39,396
Each bank was going to put up
100 million, but Zabel said no.
618
00:40:39,480 --> 00:40:40,815
Churchill Schwartz almost went down
619
00:40:40,898 --> 00:40:42,650
but was backstopped
by a conglomerate of nine banks.
620
00:40:42,733 --> 00:40:44,777
Okay, so not only did they survive this,
621
00:40:44,860 --> 00:40:47,947
but they came back
and ate our fricking lunch.
622
00:40:48,030 --> 00:40:49,031
Moral hazard.
623
00:40:49,115 --> 00:40:50,783
- Unbelievable.
- The man's a hypocrite.
624
00:40:53,035 --> 00:40:54,245
Jacob Moore.
625
00:40:54,328 --> 00:40:55,704
- Hey, Jake.
- Hey, Doc.
626
00:40:56,539 --> 00:40:59,792
I don't know, Jake. We're on hold here.
Now they're telling me...
627
00:40:59,875 --> 00:41:02,002
Hold on just a second.
Hold on just a second.
628
00:41:02,169 --> 00:41:03,420
- I'll see you. We'll have drinks.
- Okay.
629
00:41:03,504 --> 00:41:05,297
- It's not over. All right, Olaf?
- Thank you.
630
00:41:05,381 --> 00:41:06,423
Go ahead, Doc.
631
00:41:06,507 --> 00:41:09,009
They're telling me we have to cut staff.
632
00:41:09,718 --> 00:41:13,013
We went back to Third Boston,
and they turned us down.
633
00:41:13,180 --> 00:41:14,849
And since your firm...
634
00:41:15,724 --> 00:41:17,518
Listen, I totally understand, okay?
635
00:41:17,601 --> 00:41:20,062
But I think I can keep this thing going
with minimal cutbacks.
636
00:41:20,146 --> 00:41:21,230
Look, Jake.
637
00:41:21,647 --> 00:41:24,316
I think we have to have a face-to-face talk
with my people, because...
638
00:41:24,400 --> 00:41:25,401
I totally agree, Doc.
639
00:41:25,484 --> 00:41:28,779
It's just that I'm walking into
a critical meeting right now. Okay?
640
00:41:28,863 --> 00:41:31,574
But I'll definitely have it on your desk
tomorrow a.m., okay?
641
00:41:31,657 --> 00:41:32,741
-Okay-
-Okay-
642
00:41:33,159 --> 00:41:34,160
Robby, what do you got?
643
00:41:34,243 --> 00:41:36,370
We got movement definitely
on Tuesday of that week.
644
00:41:36,453 --> 00:41:38,455
There was some large shorts
from money out of the Cayman Islands.
645
00:41:38,539 --> 00:41:39,874
Something called Locust Fund.
646
00:41:40,040 --> 00:41:41,083
Locust Fund.
647
00:41:41,167 --> 00:41:42,209
What else?
648
00:41:42,293 --> 00:41:44,336
Wednesday, they traded
another 500,000 shares.
649
00:41:44,420 --> 00:41:45,629
Monday, two million.
650
00:41:45,713 --> 00:41:47,965
Tuesday, one million more.
Total of 3.5 million shares.
651
00:41:48,048 --> 00:41:50,217
These guys made some serious money.
652
00:41:51,427 --> 00:41:52,845
Who is that, though?
Who is the Locust Fund?
653
00:41:52,928 --> 00:41:55,389
I don't know. And I don't want to find out.
It could be my ass.
654
00:41:55,556 --> 00:41:58,309
It'll be your ass if I tell your girlfriend
about the pumps and heels.
655
00:41:58,392 --> 00:41:59,351
Which girlfriend?
656
00:41:59,435 --> 00:42:01,395
Just find out, all right? I got a hunch.
657
00:42:01,478 --> 00:42:03,272
I hope it's better than your last one.
658
00:42:03,355 --> 00:42:04,982
Do I hear revenge here?
659
00:42:05,065 --> 00:42:07,234
It's a dish you stick to cold, pal.
660
00:42:07,484 --> 00:42:09,612
I'm about to serve it up hot, Robby.
661
00:42:17,953 --> 00:42:19,663
I told you. Guinea's pulling the plug.
662
00:42:19,747 --> 00:42:22,875
This dictator, Ojukwa,
he says Western bankers are greedy.
663
00:42:22,958 --> 00:42:24,668
- What else is new?
- Listen. Okay?
664
00:42:24,752 --> 00:42:27,588
You will not lose on this. Not on this.
665
00:42:27,671 --> 00:42:29,256
Look, if there's one thing I know,
it's energy,
666
00:42:29,340 --> 00:42:31,425
and that the Church
is gonna get hit on this.
667
00:42:35,638 --> 00:42:37,181
Is this true?
668
00:42:37,264 --> 00:42:39,892
Oh, yeah.
I'm telling you, it's gonna happen.
669
00:42:39,975 --> 00:42:43,562
He's definitely gonna nationalize the oil.
I promise you.
670
00:42:44,021 --> 00:42:45,064
Are you behind it?
671
00:42:45,147 --> 00:42:47,358
No. Churchill Schwartz is.
They got a huge stake.
672
00:42:47,441 --> 00:42:50,236
Can't get behind that size,
but you and your boys can.
673
00:42:50,319 --> 00:42:51,987
You should.
674
00:42:52,279 --> 00:42:53,530
All I'm asking
675
00:42:53,614 --> 00:42:56,075
is you rent me this beautiful thing
for the weekend, and we're good.
676
00:42:56,158 --> 00:42:57,409
Deal?
677
00:42:59,203 --> 00:43:01,080
Deal. Super deal.
678
00:43:10,256 --> 00:43:11,757
Can he just take over the oil like that?
679
00:43:11,840 --> 00:43:13,759
The guy's out of his mind.
He's talking to witch doctors.
680
00:43:13,842 --> 00:43:14,843
He's gonna murder the stock.
681
00:43:14,927 --> 00:43:16,679
I know. That's why you gotta get in.
682
00:43:18,722 --> 00:43:21,684
Jake, that company, Offshore African Oil...
683
00:43:21,850 --> 00:43:24,103
Yeah. Hydra Offshore.
684
00:43:24,186 --> 00:43:27,523
And you're saying
Churchill Schwartz is a part of it?
685
00:43:28,899 --> 00:43:32,278
Over here is gonna be
the most expensive item by tomorrow.
686
00:43:32,444 --> 00:43:35,114
It's Alice, in Wonderland.
687
00:43:37,116 --> 00:43:39,660
Churchill Schwartz
has a huge position in this thing.
688
00:43:39,743 --> 00:43:40,828
I want to get short that stock.
689
00:43:40,911 --> 00:43:42,329
Churchill Schwartz is behind that?
690
00:43:42,413 --> 00:43:44,123
It's just a rumor. It might take a hit.
691
00:43:48,210 --> 00:43:49,795
Hear about that African deal?
692
00:43:49,962 --> 00:43:51,714
Yeah, I heard they're gonna nationalize.
693
00:43:53,382 --> 00:43:55,843
Churchill Schwartz! Off the floor!
694
00:43:57,136 --> 00:43:59,305
They're creating rumors
around the Hydra position.
695
00:43:59,388 --> 00:44:01,640
None of it's true.
They're just trying to kill the stock.
696
00:44:01,724 --> 00:44:02,975
Doesn't make any difference
what's going on.
697
00:44:03,058 --> 00:44:05,436
Then start another
goddamn rumor is what you do.
698
00:44:05,519 --> 00:44:08,230
...short quickly and quietly
without everyone figuring out...
699
00:44:08,355 --> 00:44:10,691
I'm convinced what they're after
is Churchill,
700
00:44:10,774 --> 00:44:12,318
which has a big position in this stock
701
00:44:12,401 --> 00:44:14,570
because Churchill got
the sweetheart deal on Keller Zabel.
702
00:44:14,653 --> 00:44:16,488
Churchill Schwartz has
a five-percent position in it.
703
00:44:16,572 --> 00:44:20,743
Who knows? Who's got the inside line on
some tin-pot dictator in Africa?
704
00:44:32,254 --> 00:44:33,213
House of pain.
705
00:44:33,297 --> 00:44:34,590
The house of pain!
706
00:44:34,757 --> 00:44:37,426
Hydra Offshore got taken
to the woodshed today.
707
00:44:38,635 --> 00:44:41,180
This one's getting beaten
like a redhead stepchild.
708
00:44:41,263 --> 00:44:44,433
Down a quick 19%
on rumors of oil nationalization...
709
00:44:44,600 --> 00:44:46,185
No, no!
710
00:44:46,352 --> 00:44:49,396
...In Equatorial Guinea.
There's a country for you.
711
00:44:49,480 --> 00:44:50,522
Get them.
712
00:44:50,606 --> 00:44:51,565
The shockwave from this one
713
00:44:51,648 --> 00:44:55,361
extended all the way
to investment bank Churchill Schwartz.
714
00:44:55,444 --> 00:44:58,781
Churchill Schwartz down eight percent
in pre-market trading.
715
00:44:59,948 --> 00:45:03,744
Home builder confidence falls
to a record low in July.
716
00:45:03,827 --> 00:45:06,622
The monthly indicator from the
National Association of Homebuilders
717
00:45:06,705 --> 00:45:08,707
dropped for a third consecutive month...
718
00:45:08,791 --> 00:45:10,459
You got your high ceilings.
719
00:45:11,001 --> 00:45:14,546
Bonus playroom upstairs,
not that I'm rushing you.
720
00:45:16,173 --> 00:45:17,383
Here.
721
00:45:17,966 --> 00:45:21,887
This is going to be the sun room.
Perfect for reading.
722
00:45:21,970 --> 00:45:23,472
It'll get great light.
723
00:45:23,931 --> 00:45:26,225
And there's plenty of room for a pool
724
00:45:26,308 --> 00:45:28,310
or a tennis court. See?
725
00:45:29,228 --> 00:45:32,189
What's going on with Rainwater Road, Ma?
726
00:45:32,481 --> 00:45:33,732
I'm showing it tomorrow.
727
00:45:33,816 --> 00:45:35,150
- Yeah?
- Yeah.
728
00:45:36,151 --> 00:45:37,569
Sylvia, I think it's lovely.
729
00:45:37,653 --> 00:45:39,738
Long Island always goes up.
730
00:45:39,822 --> 00:45:42,741
Great schools, great shopping,
lots of doctors.
731
00:45:42,825 --> 00:45:44,660
Everybody loves it here.
732
00:45:45,577 --> 00:45:46,829
You ought to buy it.
733
00:45:48,580 --> 00:45:50,833
There are quite a few choices
on this block.
734
00:45:52,501 --> 00:45:56,296
That's what I love about you, dear.
You call it like you see it.
735
00:45:56,380 --> 00:45:58,715
I'd rather have this down payment any day.
736
00:46:01,093 --> 00:46:02,219
Ma, you got three properties.
737
00:46:02,678 --> 00:46:03,971
Two of the loans are resetting
in a few months.
738
00:46:04,054 --> 00:46:05,347
You got to sell at least one.
739
00:46:06,014 --> 00:46:10,269
Don't tell me my job, Jacob.
There are no buyers out there right now.
740
00:46:10,352 --> 00:46:12,438
The market's soft.
Everybody reads the same news.
741
00:46:12,521 --> 00:46:14,189
I just gotta wait it out.
742
00:46:14,273 --> 00:46:16,567
It's like the two Florida properties
five years ago.
743
00:46:16,650 --> 00:46:20,487
I didn't get spooked,
and I flipped 190 grand from them.
744
00:46:23,031 --> 00:46:24,158
What does Henry say?
745
00:46:24,241 --> 00:46:25,659
Oh, Henry. Forget about him. He's a wimp.
746
00:46:25,742 --> 00:46:26,910
That's done?
747
00:46:27,119 --> 00:46:31,957
If I listened to Henry, I would have sold
every house way too soon.
748
00:46:32,040 --> 00:46:34,001
He's just like your father was.
749
00:46:34,084 --> 00:46:35,377
No. Dad had bad luck.
750
00:46:35,461 --> 00:46:37,296
He took a shot and he failed.
But he took a shot, Ma.
751
00:46:37,379 --> 00:46:39,715
Yeah, and then Jack Daniels took his shot,
and he succeeded.
752
00:46:39,798 --> 00:46:42,384
Can we not have an argument about
my father every time I come to see you?
753
00:46:42,468 --> 00:46:45,095
So sensitive. Forget I said anything.
754
00:46:45,429 --> 00:46:49,600
God. Defending your father
is like defending smallpox.
755
00:46:49,766 --> 00:46:50,893
Look.
756
00:46:52,394 --> 00:46:56,982
The developers are on my ass, okay?
I just need you to bridge me.
757
00:46:57,733 --> 00:46:59,318
What about the money
from Sagamir Road?
758
00:46:59,401 --> 00:47:02,237
What do you think?
I put it into the new properties.
759
00:47:02,321 --> 00:47:04,740
What did you think,
it was just gonna shoot up in perpetuity?
760
00:47:04,823 --> 00:47:07,201
Don't patronize your mother,
Jacob Lawrence.
761
00:47:07,284 --> 00:47:09,161
Of course I know the risks involved.
762
00:47:09,244 --> 00:47:12,331
Hey, you're buying diamonds.
You got the bonus, right?
763
00:47:12,414 --> 00:47:16,043
I remember visiting you when I was young
at the hospital after school, thinking,
764
00:47:16,126 --> 00:47:18,545
"How cool is this?
My mother is saving lives."
765
00:47:18,629 --> 00:47:20,672
- Don't change the subject.
- I'm not changing the subject.
766
00:47:20,756 --> 00:47:22,299
I never saved any lives.
767
00:47:22,382 --> 00:47:24,343
Yeah, but you did something,
and that's the point, Mom.
768
00:47:24,426 --> 00:47:28,180
I make more in a month now
than I did in my best year as a nurse.
769
00:47:28,263 --> 00:47:29,848
You made a difference.
770
00:47:30,933 --> 00:47:33,852
Listen to the broker
preaching making a difference.
771
00:47:34,019 --> 00:47:35,521
That's ironic.
772
00:47:36,772 --> 00:47:38,106
How much?
773
00:47:39,816 --> 00:47:41,652
Two hundred, tops.
774
00:47:43,445 --> 00:47:45,280
You're killing me, Ma!
775
00:47:48,617 --> 00:47:50,452
I'll wire it to you.
776
00:47:53,664 --> 00:47:55,249
Can you stop, please?
777
00:47:56,333 --> 00:47:57,626
You're not doing her any favors.
778
00:47:57,918 --> 00:47:59,419
I know.
779
00:47:59,836 --> 00:48:03,131
And you're not preventing it
from happening again.
780
00:48:06,969 --> 00:48:08,387
I'll shut up.
781
00:48:11,473 --> 00:48:13,141
- Yeah?
- Guess what?
782
00:48:13,559 --> 00:48:14,601
Your boy, Bretton James?
783
00:48:14,685 --> 00:48:17,729
His assistant just called me and asked
if you can see him today.
784
00:48:17,813 --> 00:48:18,814
You're kidding me.
785
00:48:19,606 --> 00:48:22,109
Jake, you have an hour.
I told him you were on the island.
786
00:48:22,192 --> 00:48:24,027
Yeah, but I'm in the middle
of Friday afternoon traffic.
787
00:48:24,111 --> 00:48:27,990
But he said after hours is okay,
because he left his home address.
788
00:48:28,073 --> 00:48:30,826
East 65th Street and Park Avenue, honey.
Up to 8 p.m.
789
00:48:30,909 --> 00:48:31,952
Did he sound upset?
790
00:48:32,035 --> 00:48:33,912
Screw him, he destroyed this company.
791
00:48:33,996 --> 00:48:36,623
You waltz in there
like Russell Crowe in Gladiator.
792
00:48:36,707 --> 00:48:37,916
Thanks, babe.
793
00:48:39,334 --> 00:48:42,045
Sounds like you're getting
your walking papers.
794
00:48:44,715 --> 00:48:47,092
Jake, look, I don't need this ring now.
795
00:48:47,175 --> 00:48:49,052
Just give me one
out of a Cracker Jack box instead...
796
00:48:49,136 --> 00:48:50,596
What are you talking about?
797
00:48:50,679 --> 00:48:52,347
Are you crazy? Everything's gonna be fine.
798
00:48:52,431 --> 00:48:54,933
Jake, I grew up with a father
who only talked about money.
799
00:48:55,017 --> 00:48:56,143
If you think I want to be
with the kind of guy
800
00:48:56,226 --> 00:48:57,936
with his ego invested in his bank account,
801
00:48:58,020 --> 00:48:59,021
you really don't get me.
802
00:49:02,858 --> 00:49:04,610
"I love it," was what I was expecting.
803
00:49:06,278 --> 00:49:07,779
Return it. It makes me uncomfortable.
804
00:49:07,863 --> 00:49:09,656
Okay, Winnie. I'll return it.
805
00:49:24,713 --> 00:49:26,048
Jacob Moore to see Mr. James.
806
00:49:26,548 --> 00:49:28,050
He's expecting you.
807
00:49:55,994 --> 00:49:58,455
Saturno Devorando A Su Hijo.
808
00:49:59,289 --> 00:50:02,167
Goya painted 15 Black Paintings
late in his life.
809
00:50:02,250 --> 00:50:04,544
Fourteen of them are on view in the Prado.
810
00:50:04,628 --> 00:50:06,838
That's the missing 15th.
811
00:50:06,922 --> 00:50:10,258
An early sketch
for Saturn devouring his son.
812
00:50:14,471 --> 00:50:16,014
Do you collect?
813
00:50:16,098 --> 00:50:17,349
No.
814
00:50:17,432 --> 00:50:20,352
Only the obsessive-compulsive
and the insecurely egotistical
815
00:50:20,435 --> 00:50:22,145
feel the need to collect things.
816
00:50:28,777 --> 00:50:30,278
Do you ride?
817
00:50:32,614 --> 00:50:34,700
It's an avocation, yes.
818
00:50:34,866 --> 00:50:36,702
You know the photograph.
819
00:50:36,785 --> 00:50:39,496
Rollie Free, 1948.
820
00:50:39,579 --> 00:50:41,748
He set the world record at 150.
821
00:50:41,832 --> 00:50:44,376
And wanted it so bad he rode naked.
822
00:50:44,960 --> 00:50:47,170
Why, you ride, Mr. Moore?
823
00:50:50,716 --> 00:50:52,050
I'll put it to you this way.
824
00:50:52,134 --> 00:50:54,469
If you rode the rest of your life, right,
825
00:50:54,553 --> 00:50:56,805
and really became the best
that you could be,
826
00:50:56,888 --> 00:50:58,306
you would never ride like I ride.
827
00:51:00,684 --> 00:51:03,520
Well, then I look forward
to us riding together.
828
00:51:08,817 --> 00:51:11,153
You a bee, Mr. Moore?
829
00:51:15,323 --> 00:51:16,324
A What?
830
00:51:18,160 --> 00:51:21,037
Do you like to sting people?
831
00:51:23,373 --> 00:51:27,878
You cost Churchill Schwartz $120 million
last week.
832
00:51:29,546 --> 00:51:31,757
That's not a great deal of money.
833
00:51:31,840 --> 00:51:35,218
But people know Hydra Offshore is ours.
834
00:51:41,433 --> 00:51:46,438
I had dinner with the good
Commander Ojukwa in Paris last week.
835
00:51:46,521 --> 00:51:50,859
He has no actual plans
of nationalizing any oil fields.
836
00:51:51,026 --> 00:51:53,069
But I guess
that doesn't really matter to you.
837
00:51:53,904 --> 00:51:56,198
No, it doesn't.
838
00:51:56,281 --> 00:51:58,283
I checked you out with the desks in town.
839
00:51:58,366 --> 00:52:00,368
You didn't make any money off it.
840
00:52:00,452 --> 00:52:02,037
No, I didn't.
841
00:52:02,871 --> 00:52:04,539
Then why?
842
00:52:06,291 --> 00:52:08,126
Because you destroyed my firm.
843
00:52:08,210 --> 00:52:09,294
Your firm destroyed itself.
844
00:52:09,377 --> 00:52:10,712
You killed Louis Zabel.
845
00:52:11,963 --> 00:52:13,298
Louis Zabel killed himself.
846
00:52:13,381 --> 00:52:14,466
But you set the rumors.
847
00:52:14,549 --> 00:52:15,550
The rumors were true.
848
00:52:16,635 --> 00:52:17,803
You made them true.
849
00:52:18,386 --> 00:52:19,554
No, Mr. Moore.
850
00:52:19,679 --> 00:52:23,975
Putting 50% leverage
on toxic debt made them true.
851
00:52:24,059 --> 00:52:26,728
Look, Zabel once knew how to run money.
852
00:52:26,812 --> 00:52:28,814
Dying because of it was his choice.
853
00:52:28,897 --> 00:52:31,608
As far as I'm concerned, it's just money.
854
00:52:31,691 --> 00:52:34,194
But when you don't know
what you're doing,
855
00:52:34,277 --> 00:52:36,154
it's fatal, Mr. Moore.
856
00:52:36,238 --> 00:52:38,448
Not knowing what you're doing.
857
00:52:44,955 --> 00:52:46,790
Come work for me.
858
00:52:48,041 --> 00:52:49,334
What?
859
00:52:49,417 --> 00:52:52,337
We fund most of the world's
integrated oil companies,
860
00:52:52,420 --> 00:52:55,173
drillers, coal producers,
natural gas line providers...
861
00:52:55,257 --> 00:52:56,842
I know who you are.
862
00:52:56,925 --> 00:52:58,760
But where we're a little light
863
00:52:59,803 --> 00:53:02,430
is in alternative energy.
864
00:53:04,891 --> 00:53:06,226
Why me?
865
00:53:06,643 --> 00:53:08,562
Because your loyalty demanded revenge.
866
00:53:08,645 --> 00:53:12,357
Your balls actually attempted it,
and your skill pulled it off.
867
00:53:13,400 --> 00:53:14,734
And frankly,
868
00:53:16,194 --> 00:53:19,531
because I'd love to
beat the crap out of you on a bike.
869
00:53:19,614 --> 00:53:21,032
Fair enough?
870
00:53:23,076 --> 00:53:26,872
You got my attention, Mr. Moore.
That's pretty rare.
871
00:53:27,289 --> 00:53:30,876
If I were you, I'd think seriously about it.
872
00:53:30,959 --> 00:53:35,964
Because you'll have a hard time elsewhere,
now that you've captured our attention.
873
00:53:36,798 --> 00:53:40,010
Now, if you'll excuse me,
I'm having a little fundraiser.
874
00:53:41,136 --> 00:53:43,889
I got to get back to shaking my tin cup.
875
00:53:44,639 --> 00:53:46,224
What's your number?
876
00:53:46,308 --> 00:53:47,642
I'm sorry?
877
00:53:47,809 --> 00:53:50,770
We'd start you at 300, like everybody else.
878
00:53:50,854 --> 00:53:53,273
I mean, as a partner, I only pull in 600.
And the bonuses...
879
00:53:53,356 --> 00:53:54,816
No,no,no.
880
00:53:55,108 --> 00:53:56,401
Your number.
881
00:53:56,943 --> 00:54:00,655
The amount of money you would need
to just walk away from it and live.
882
00:54:00,739 --> 00:54:03,408
See, I find that everybody has a number,
and it's usually an exact number.
883
00:54:03,491 --> 00:54:05,493
So what is yours?
884
00:54:09,623 --> 00:54:10,999
More.
885
00:54:29,726 --> 00:54:32,020
How did you know it was Bretton James?
886
00:54:32,103 --> 00:54:34,356
Good morning to you, too. Come in.
887
00:54:34,439 --> 00:54:35,941
- Good morning.
- You hungry?
888
00:54:36,024 --> 00:54:37,609
No. I'm okay, thanks.
889
00:54:41,071 --> 00:54:44,324
Brett, as I called him in the old days,
used to run trades through me.
890
00:54:44,407 --> 00:54:47,535
We used to piggyback off
each other's ideas.
891
00:54:47,953 --> 00:54:51,957
Then we had a little discrepancy.
I won't bother you with the details.
892
00:54:52,040 --> 00:54:55,460
Just to tell you that
it cost me 200,000 bucks,
893
00:54:55,543 --> 00:54:57,796
which was a lot of money back then.
894
00:54:57,879 --> 00:55:02,050
So when I got hot in the '80s,
and I started giving tastes to my friends,
895
00:55:02,133 --> 00:55:06,179
I didn't invite James in,
and he didn't like that very much.
896
00:55:06,346 --> 00:55:07,806
So?
897
00:55:08,473 --> 00:55:11,101
So it's no big deal.
898
00:55:11,768 --> 00:55:15,480
But when you're in prison,
you got a lot of time to think.
899
00:55:17,899 --> 00:55:22,237
In fact, the best memory that I know
is hurt.
900
00:55:22,946 --> 00:55:25,865
I did eight years, pal.
Five years before that in court.
901
00:55:25,949 --> 00:55:29,995
Nobody does eight years.
They give murderers five.
902
00:55:30,912 --> 00:55:34,249
I thought it was the kid
with the airline that gave you up.
903
00:55:34,332 --> 00:55:36,710
Blue Star? Stock Watch? What was it?
904
00:55:36,793 --> 00:55:38,336
- Who, Bud Fox?
- Bud Fox.
905
00:55:38,420 --> 00:55:41,506
No, no, no. He got a wire on him.
He got me for insider trading.
906
00:55:41,589 --> 00:55:44,259
But that's 12, 13 months, max.
907
00:55:44,342 --> 00:55:49,347
After the first charges, it was one of my
co-conspirators who tipped off the Feds.
908
00:55:50,849 --> 00:55:53,852
And that pious piranha, Bretton James,
909
00:55:53,935 --> 00:55:56,938
he had just enough information to sink me.
910
00:55:57,022 --> 00:55:59,649
You know, of course,
I'm never going to know it for sure.
911
00:56:00,650 --> 00:56:02,444
He offered me a job.
912
00:56:06,114 --> 00:56:10,744
Well, you just rocketed
into the center of the universe, pal.
913
00:56:10,827 --> 00:56:14,622
I think my daughter's future is looking
a hell of a lot better.
914
00:56:14,998 --> 00:56:16,916
I never made any money shorting Hydra.
915
00:56:17,959 --> 00:56:19,294
You're kidding me. You didn't trade it?
916
00:56:19,669 --> 00:56:22,422
That would've been insider trading,
Mr. Gekko.
917
00:56:23,089 --> 00:56:24,507
Remember, your daughter and I
are engaged.
918
00:56:24,591 --> 00:56:26,509
You wouldn't want to soil her name, right?
919
00:56:26,593 --> 00:56:28,511
Well, you may not have traded,
920
00:56:28,595 --> 00:56:31,723
but you try telling the Feds
you didn't commit a felony.
921
00:56:31,806 --> 00:56:34,350
- What do you mean?
- You know exactly what I mean.
922
00:56:34,434 --> 00:56:39,189
You induced others to trade on information
that you knew to be false.
923
00:56:44,652 --> 00:56:47,113
Hard to prove that.
924
00:56:49,365 --> 00:56:53,703
A fisherman always sees
another fisherman from afar.
925
00:56:57,165 --> 00:57:00,627
I think you ought to start
calling me Gordon.
926
00:57:00,794 --> 00:57:03,171
Well, I promised you this,
927
00:57:03,671 --> 00:57:05,298
Gordon.
928
00:57:05,465 --> 00:57:06,466
Makes us even.
929
00:57:07,592 --> 00:57:08,593
There she is.
930
00:57:08,676 --> 00:57:10,303
But keep this between us, though.
931
00:57:12,305 --> 00:57:14,182
How is that lefty website of hers doing?
932
00:57:14,265 --> 00:57:15,683
- Frozen Truth?
- Yeah.
933
00:57:15,767 --> 00:57:18,770
It's doing well, actually.
They get about 50,000 hits a day.
934
00:57:18,853 --> 00:57:20,355
It's building.
935
00:57:21,981 --> 00:57:24,025
She was such a pisser.
936
00:57:24,859 --> 00:57:28,279
Relationships, they're like bubbles.
937
00:57:28,363 --> 00:57:31,199
They're fragile. It's like these tulips.
938
00:57:31,783 --> 00:57:34,786
This is the greatest bubble story
of all time.
939
00:57:34,869 --> 00:57:37,997
Back in the 1600s, the Dutch,
they get speculation fever
940
00:57:38,081 --> 00:57:42,627
to the point that you could buy a
beautiful house on a canal in Amsterdam,
941
00:57:42,710 --> 00:57:45,713
for the price of one bulb.
942
00:57:46,548 --> 00:57:48,883
They called it "Tulip Mania."
943
00:57:49,050 --> 00:57:50,426
Then it collapsed.
944
00:57:50,510 --> 00:57:52,220
You could buy 10 bulbs for $2.
945
00:57:52,303 --> 00:57:55,557
People got wiped out,
but, you know, who remembers?
946
00:57:56,391 --> 00:57:57,809
What would you do with your money?
947
00:57:58,476 --> 00:58:00,812
Me? Switzerland. Still the best.
948
00:58:01,062 --> 00:58:04,149
Got a healthy distrust
for a big government.
949
00:58:04,232 --> 00:58:06,651
Is that where you keep it?
950
00:58:06,734 --> 00:58:10,321
Yes, I did. Now I don't got
that kind of cash anymore.
951
00:58:12,657 --> 00:58:14,075
But you do have money.
952
00:58:16,661 --> 00:58:18,288
This is a rental.
953
00:58:20,248 --> 00:58:24,085
I'm pretty sure James has invested
in an offshore fund in the Caymans.
954
00:58:24,169 --> 00:58:27,755
Your time, you ever do anything with
some company called Locust Fund?
955
00:58:27,839 --> 00:58:31,509
Locust Fund. I never heard of it,
but it's possible. Yeah.
956
00:58:31,593 --> 00:58:34,012
James wants to build
his alternative energy sector.
957
00:58:34,095 --> 00:58:35,180
Sounds serious.
958
00:58:35,263 --> 00:58:38,308
I think I can get him to put real capital
behind this company I told you about.
959
00:58:38,516 --> 00:58:40,101
United Fusion.
960
00:58:40,185 --> 00:58:43,605
James would probably want to polish
his resume a little green.
961
00:58:43,688 --> 00:58:47,025
He's in pole position to be top dog
when Julie Steinhardt kicks the bucket,
962
00:58:47,108 --> 00:58:49,152
which, I hear, could be any day now.
963
00:58:49,235 --> 00:58:52,363
This company could change not just the
energy market, Gordon, but the world.
964
00:58:52,530 --> 00:58:55,366
Idealism. Idealism, pal, it kills every deal.
965
00:58:55,450 --> 00:58:59,037
The thing you got to know about James is,
he's a gambler. You know, like me.
966
00:58:59,120 --> 00:59:03,249
He's got an ego the size of Antarctica.
Like me.
967
00:59:04,209 --> 00:59:06,085
So now you got his attention.
968
00:59:06,169 --> 00:59:07,879
How are you going to shine
sitting on his sun?
969
00:59:10,548 --> 00:59:13,301
Make him money and melt his ass.
970
00:59:14,469 --> 00:59:18,806
Just like the old days.
We slaughtered men for payback.
971
00:59:21,142 --> 00:59:24,312
Maybe it's time for us
to do our second trade?
972
00:59:26,147 --> 00:59:29,025
All right. I'll dig around on James
and this Locust Fund,
973
00:59:29,108 --> 00:59:30,735
and you see what you can do about
974
00:59:30,818 --> 00:59:32,695
getting Winnie and me
back together again.
975
00:59:32,779 --> 00:59:36,324
Well, I never guaranteed
she'd forgive you, Gordon.
976
00:59:36,407 --> 00:59:39,869
Why don't we just start with her
agreeing to have dinner with you first?
977
00:59:39,953 --> 00:59:43,790
Well, at my age, I'll take anything I can get.
978
00:59:46,542 --> 00:59:48,711
I had two beautiful children.
979
00:59:50,213 --> 00:59:53,883
And then I went away,
and I didn't see them much.
980
00:59:55,009 --> 00:59:57,011
My ex made sure of that.
981
00:59:59,222 --> 01:00:01,057
And then when we lost Rudy,
982
01:00:03,685 --> 01:00:06,646
Winnie just shut down on me.
983
01:00:16,739 --> 01:00:20,118
Except for the exceedingly precious
984
01:00:20,201 --> 01:00:22,620
and depreciating asset of time.
985
01:00:22,912 --> 01:00:25,456
Winnie's all I got left.
You understand that?
986
01:00:25,540 --> 01:00:27,834
I'll try, Gordon.
987
01:00:28,418 --> 01:00:32,880
Well, try harder.
Then you both can have a father.
988
01:00:45,393 --> 01:00:47,312
- He chose this place?
- Yeah.
989
01:00:47,395 --> 01:00:50,315
Yeah, we used to come here
every Sunday night.
990
01:00:50,398 --> 01:00:52,025
You're going to be fine.
991
01:00:52,108 --> 01:00:54,402
You do know I'm never
having sex with you again.
992
01:00:55,361 --> 01:00:59,032
Then what my friends say about marriage
is actually true. Five back.
993
01:00:59,115 --> 01:01:00,408
I'm only doing this for you.
994
01:01:00,491 --> 01:01:02,660
No, baby. You're doing this for you.
Come on.
995
01:01:02,994 --> 01:01:04,454
Taxi!
996
01:01:20,136 --> 01:01:21,387
Hi.
997
01:01:22,555 --> 01:01:23,556
Hey.
998
01:01:24,349 --> 01:01:25,391
Mr. Gekko.
999
01:01:25,475 --> 01:01:27,935
Jacob Moore. We spoke on the phone.
1000
01:01:28,227 --> 01:01:29,270
Yeah.
1001
01:01:35,777 --> 01:01:36,986
Okay.
1002
01:01:41,616 --> 01:01:42,617
Drinks?
1003
01:01:44,285 --> 01:01:45,286
No.
1004
01:01:45,620 --> 01:01:47,288
What about you? Heineken?
1005
01:01:47,372 --> 01:01:48,581
Yeah, sure.
1006
01:01:57,298 --> 01:02:01,135
Let me guess. The ginger-garlic lobster.
1007
01:02:03,805 --> 01:02:05,973
I used to order that every time.
1008
01:02:06,641 --> 01:02:07,975
I guess so.
1009
01:02:11,145 --> 01:02:14,649
I checked out that website.
1010
01:02:14,816 --> 01:02:17,026
Frozen Truth. It's impressive.
1011
01:02:17,110 --> 01:02:19,904
Thanks. We work hard at it.
1012
01:02:19,987 --> 01:02:23,032
Although, there was a bullshit blog
1013
01:02:23,116 --> 01:02:26,619
blaming the current administration
for the entire mess that we're in.
1014
01:02:26,702 --> 01:02:28,246
I don't think that's the truth.
1015
01:02:28,329 --> 01:02:29,455
I agree with you.
1016
01:02:29,580 --> 01:02:30,581
You do?
1017
01:02:30,665 --> 01:02:31,707
Yeah. Jack Salmon wrote it...
1018
01:02:31,833 --> 01:02:32,834
Graydy-
1019
01:02:32,917 --> 01:02:36,546
Congratulations. Great to see you.
You're doing great work down there.
1020
01:02:37,672 --> 01:02:39,465
- Thank you. Thank you so much.
- Gordon. Gordon Gekko.
1021
01:02:39,549 --> 01:02:41,050
Nice to see you. Thanks so much.
1022
01:03:02,572 --> 01:03:04,449
I'm sorry. I can't do this.
1023
01:03:17,795 --> 01:03:19,005
Winnie!
1024
01:03:20,882 --> 01:03:22,216
Why did you make me do that, Jake?
1025
01:03:22,300 --> 01:03:23,968
You don't understand.
This is none of your business.
1026
01:03:24,051 --> 01:03:26,637
It is my business. Stop for a second.
Look at the real man in there.
1027
01:03:26,721 --> 01:03:28,639
He's hurting.
He's desperate to get you back in his life.
1028
01:03:28,723 --> 01:03:30,641
He's not who you think he is, Jake!
1029
01:03:30,725 --> 01:03:33,478
People change.
It was a long time ago. Winnie.
1030
01:03:37,398 --> 01:03:39,233
He'll hurt us.
1031
01:03:40,651 --> 01:03:42,653
Don't go back in there.
1032
01:03:51,204 --> 01:03:53,080
Are we really going to lead
with this Babaco Solar?
1033
01:03:53,623 --> 01:03:56,709
It's a hustle, Bretton. I passed on it
twice within the last two years.
1034
01:03:56,792 --> 01:03:58,252
They spin a sexy story
1035
01:03:58,336 --> 01:04:00,338
with these super-thin
cadmium telluride semiconductors,
1036
01:04:00,421 --> 01:04:02,131
but the truth is,
the technology is not proprietary...
1037
01:04:02,215 --> 01:04:04,675
We've been over this, Bretton.
You are unbelievable, Moore.
1038
01:04:04,759 --> 01:04:06,469
Babaco is a cow. It's dead in the water.
1039
01:04:06,552 --> 01:04:08,304
The Chinese aren't stupid.
They're not going to go for it.
1040
01:04:08,387 --> 01:04:09,347
Yeah, a cash cow maybe.
1041
01:04:09,430 --> 01:04:11,599
They've been saying fusion
is five years away for the last 40 years.
1042
01:04:11,682 --> 01:04:12,850
It is. Laser fusion is the future.
1043
01:04:12,934 --> 01:04:14,185
Can you prove that, boy genius?
1044
01:04:14,268 --> 01:04:16,687
Can you prove evolution, girl genius?
That seems to work, though, right?
1045
01:04:16,771 --> 01:04:18,356
Look, knock it off. Both of you.
1046
01:04:18,439 --> 01:04:21,526
These guys are parking 15 billion
across the board in energy sectors
1047
01:04:21,609 --> 01:04:23,653
and I want them here, okay?
1048
01:04:23,736 --> 01:04:28,157
Carol's taking the lead on this.
Our recommend is Babaco. That's final.
1049
01:04:31,786 --> 01:04:33,371
Go ahead.
I'll take you to dinner some other time.
1050
01:04:33,454 --> 01:04:34,997
Eat me, Moore.
1051
01:04:35,706 --> 01:04:38,459
Babaco is at the forefront
of developing thin film technology
1052
01:04:38,543 --> 01:04:41,879
to incorporate solar cells
into pliable plastic sheets.
1053
01:04:41,963 --> 01:04:45,424
We believe that within the next few years
we can approach the 20% level
1054
01:04:45,508 --> 01:04:49,053
making it a perfect match for the
explosion of growth and energy needs,
1055
01:04:49,136 --> 01:04:51,514
which, as you know, is growing at 40%.
1056
01:04:52,640 --> 01:04:55,059
Thin film technology
is the breakthrough here.
1057
01:04:55,726 --> 01:04:57,853
And in 2010,
1058
01:04:58,145 --> 01:05:01,232
thin film is going to surpass
crystalline silicon.
1059
01:05:01,566 --> 01:05:02,984
And that's about it.
1060
01:05:06,153 --> 01:05:08,656
- Go ahead.
- So, with the world energy demand
1061
01:05:08,739 --> 01:05:11,409
growing 40% in the next 20 years,
1062
01:05:11,492 --> 01:05:13,494
we at Church believe, Mr. Xu,
1063
01:05:13,578 --> 01:05:16,914
that Babaco Solar
is a cutting-edge no-brainer.
1064
01:05:17,498 --> 01:05:20,001
Good for a 20% return
in the next two years
1065
01:05:20,084 --> 01:05:23,170
with a 30 to 40% upside
in the next five years.
1066
01:05:23,879 --> 01:05:25,965
Thank you, Miss Carol.
1067
01:05:26,048 --> 01:05:30,803
Solar will make an important part
of our portfolio.
1068
01:05:31,095 --> 01:05:36,100
But truthfully, we have seen
similar technology from another firm.
1069
01:05:36,726 --> 01:05:39,395
As you know, China's demand
1070
01:05:39,478 --> 01:05:43,357
will more than double
before my daughter turns 21.
1071
01:05:43,649 --> 01:05:48,112
So we are looking for the next 100 years.
1072
01:05:48,195 --> 01:05:51,824
Where even my grandson
can spend money.
1073
01:05:51,907 --> 01:05:54,368
Do you have anything else
to present to us today?
1074
01:05:54,660 --> 01:05:56,370
We've come a long way.
1075
01:05:59,707 --> 01:06:00,750
Listen, Wang,
1076
01:06:00,833 --> 01:06:04,879
now, we got a great newline
on this shale oil technology.
1077
01:06:06,255 --> 01:06:09,425
Let's just dig a lot deeper for a price
that we think is a good one.
1078
01:06:09,550 --> 01:06:12,261
We'll have a complete workup for you
by the end of the month.
1079
01:06:12,345 --> 01:06:15,306
All right, Bretton. That sounds promising.
1080
01:06:15,389 --> 01:06:16,849
What about fusion?
1081
01:06:17,808 --> 01:06:19,226
We happen to be working
with a company right now.
1082
01:06:19,310 --> 01:06:22,688
It's got all the hardware in place.
Started by the Department of Energy.
1083
01:06:22,772 --> 01:06:25,191
They share R&D facilities
with the University of California.
1084
01:06:25,566 --> 01:06:28,986
It's got a market cap right now
of about a billion. No earnings.
1085
01:06:29,070 --> 01:06:31,947
Fusion has been around a long time.
1086
01:06:34,367 --> 01:06:36,410
"Good things take time."
1087
01:06:37,536 --> 01:06:38,746
The simple of it is,
1088
01:06:38,829 --> 01:06:41,123
it's using the intense energy
of some 200 laser beams
1089
01:06:41,207 --> 01:06:44,001
focused on a single target
the size of a few grains of rice
1090
01:06:44,085 --> 01:06:45,670
filled with hydrogen fuel.
1091
01:06:45,753 --> 01:06:48,130
So the idea being that
when that target combusts
1092
01:06:48,339 --> 01:06:50,591
it produces more energy than it took in.
1093
01:06:51,550 --> 01:06:54,595
All the tests they've done indicate
that they can use this ignition process
1094
01:06:54,679 --> 01:06:57,431
to turn simple seawater into energy.
1095
01:06:58,557 --> 01:07:00,935
It's called
Ocean Thermal Energy Conversion
1096
01:07:01,018 --> 01:07:03,145
using the reaction between hot water
on the surface
1097
01:07:03,229 --> 01:07:05,690
and cold water beneath
to power the lasers.
1098
01:07:05,940 --> 01:07:08,526
So what you wind up with
is unlimited clean energy.
1099
01:07:08,609 --> 01:07:11,237
How do you contain the explosion?
1100
01:07:11,320 --> 01:07:13,072
That's a secret
I can't really share with you right now.
1101
01:07:13,155 --> 01:07:15,908
Not to be secretive, but I could
probably get you in there for a peek.
1102
01:07:15,991 --> 01:07:18,452
Maybe next week,
on your way back to Beijing from DC?
1103
01:07:20,996 --> 01:07:22,832
Mr. Wang, I got you something.
1104
01:07:22,998 --> 01:07:24,959
This is American baijiu.
1105
01:07:26,794 --> 01:07:29,588
"Johnnie Walker Blue Label."
1106
01:07:29,672 --> 01:07:30,715
Thank you.
1107
01:07:30,798 --> 01:07:32,299
- Miss Chung, this is for you.
- Thank you.
1108
01:07:40,474 --> 01:07:42,184
I used to go with Zabel to China.
1109
01:07:42,268 --> 01:07:45,730
Their culture's as much about manners
as it is about business.
1110
01:07:45,813 --> 01:07:48,023
They're on the hook, Jake.
That's all I care about.
1111
01:07:48,190 --> 01:07:49,233
Good.
1112
01:07:49,650 --> 01:07:51,527
I'll send him some bamboo flowers
1113
01:07:51,610 --> 01:07:54,363
symbolizing continued growth
and prosperity.
1114
01:07:54,447 --> 01:07:58,409
You don't always listen so good, Jake,
but you got fight in you.
1115
01:07:58,492 --> 01:07:59,869
I like that.
1116
01:08:13,299 --> 01:08:15,968
I think you might just have something
on James.
1117
01:08:16,051 --> 01:08:20,514
My friend in Switzerland, he confirmed
that this Locust Fund, it exists and it's big.
1118
01:08:20,973 --> 01:08:22,641
A billion dollars.
1119
01:08:23,601 --> 01:08:25,728
It just might be our friend Bretton
1120
01:08:25,811 --> 01:08:29,064
was trading through his own account,
outside of Churchill Schwartz.
1121
01:08:29,690 --> 01:08:31,609
Can we get that on the record?
1122
01:08:31,692 --> 01:08:33,527
That's the hard part, isn't it?
1123
01:08:37,531 --> 01:08:40,785
So what are we going to do
about my daughter, Jake?
1124
01:08:41,368 --> 01:08:44,497
I told you, I'm sorry about the other night.
Gordon, I can't control her, you know?
1125
01:08:44,622 --> 01:08:45,706
Yeah.
1126
01:08:46,373 --> 01:08:51,629
You know, they say parents are the bones
on which children sharpen their teeth.
1127
01:08:53,047 --> 01:08:55,549
Find another way for me to get with her.
You know, there's got to be...
1128
01:08:55,633 --> 01:08:57,802
That dinner that's coming up,
all the Street guys are going?
1129
01:08:57,885 --> 01:09:01,472
- The Alzheimer's thing at the Met.
- Yeah. I'm taking her.
1130
01:09:01,889 --> 01:09:04,308
I wish I had 1 OK for a seat.
1131
01:09:04,391 --> 01:09:07,061
A writer's got to sell
a lot of books for that.
1132
01:09:08,395 --> 01:09:10,981
And we both know how Winnie
would react to the fact
1133
01:09:11,065 --> 01:09:14,318
that you've been bonding
with your future father-in-law.
1134
01:09:14,401 --> 01:09:16,070
Is that a threat?
1135
01:09:17,238 --> 01:09:18,572
Absolutely.
1136
01:09:21,367 --> 01:09:22,910
Well, consider it done.
1137
01:09:22,993 --> 01:09:25,704
I just got to put you at another table.
It's got to look like an accident.
1138
01:09:26,580 --> 01:09:27,998
I like trading with you, Jake.
1139
01:09:28,666 --> 01:09:30,543
See you around campus.
1140
01:09:31,752 --> 01:09:33,337
Hey.
1141
01:09:33,712 --> 01:09:35,756
Get her a ring, for Christ's sake!
1142
01:09:59,154 --> 01:10:00,197
How are you, Bill?
1143
01:10:00,281 --> 01:10:01,824
Julie, how nice to see you.
1144
01:10:01,907 --> 01:10:04,243
Well, it's a pleasure to see you, William.
1145
01:10:04,326 --> 01:10:06,120
So nice to see you.
1146
01:10:07,496 --> 01:10:09,832
Have you spoken to J.P.
about the conservancy?
1147
01:10:18,173 --> 01:10:19,550
- Hi, nice to meet you.
- Hi.
1148
01:10:19,633 --> 01:10:22,553
Congratulations.
Looks like you won this one.
1149
01:10:24,096 --> 01:10:25,890
- Hi.
- It's not over yet.
1150
01:10:26,557 --> 01:10:28,392
- Have you met Jake?
- Good to see you. How's your husband?
1151
01:10:28,475 --> 01:10:29,518
Very well.
1152
01:10:31,812 --> 01:10:33,898
I gotta tell you, Mr. Gekko,
1153
01:10:33,981 --> 01:10:36,609
seeing you speak was inspirational
on so many levels.
1154
01:10:36,692 --> 01:10:38,235
Because, I'll tell you, I'm on the outside.
1155
01:10:38,319 --> 01:10:40,779
I'm looking at all my buddies
making all this money
1156
01:10:40,863 --> 01:10:42,156
and I'm thinking, "Fellas,
1157
01:10:42,239 --> 01:10:44,992
"there's no there, there." You know?
1158
01:10:45,075 --> 01:10:47,244
But listen, I'm at your table.
We can talk about this all night.
1159
01:10:47,328 --> 01:10:49,914
That's great, Robby.
I'll see you later then, all right?
1160
01:10:49,997 --> 01:10:51,373
Hey, Gordon.
1161
01:10:52,750 --> 01:10:54,376
Looking good.
1162
01:10:54,460 --> 01:10:55,669
My God.
1163
01:10:56,629 --> 01:11:00,049
Bud Fox, huh? I haven't seen you in years.
1164
01:11:00,841 --> 01:11:02,217
This is Erin and Christina.
1165
01:11:02,301 --> 01:11:03,969
- Hi.
- Hello. Hi.
1166
01:11:04,678 --> 01:11:08,390
What was that airline called?
Blue Star, that's right.
1167
01:11:08,474 --> 01:11:11,060
That must be keeping you
pretty busy now, huh?
1168
01:11:12,186 --> 01:11:13,520
Excuse me.
1169
01:11:15,105 --> 01:11:19,068
Well, after a little time away,
I actually turned it into
1170
01:11:19,151 --> 01:11:23,948
one of the largest private jet brokerages
in the world and sold it. Made millions.
1171
01:11:24,031 --> 01:11:27,159
That's great, pal. That's really great.
So what's up next?
1172
01:11:28,202 --> 01:11:30,412
You're looking at it. Golf,
1173
01:11:30,955 --> 01:11:34,416
winters in St. Barts, philanthropy.
1174
01:11:35,542 --> 01:11:37,002
And how about you, Gordon?
1175
01:11:37,544 --> 01:11:41,173
Does Blue Horseshoe
still love Anacott Steel?
1176
01:11:42,049 --> 01:11:43,425
You know it.
1177
01:11:45,636 --> 01:11:47,721
Well, I'll see you around
sometime, Gordon.
1178
01:11:48,889 --> 01:11:50,683
Stay out of trouble.
1179
01:12:45,195 --> 01:12:47,197
And the website's called Frozen Truth.
1180
01:12:47,281 --> 01:12:48,615
- Frozen Truth?
- Yeah.
1181
01:12:48,699 --> 01:12:50,784
That's catchy. I like that.
1182
01:12:50,868 --> 01:12:53,746
What we really need
is some game-changing news.
1183
01:12:53,829 --> 01:12:57,416
And now you can come out of nowhere
with one big story.
1184
01:12:57,499 --> 01:12:59,793
Since "Mission Accomplished"
broke the Senator's affair,
1185
01:12:59,877 --> 01:13:01,962
they've gotten 200,000 hits a day.
1186
01:13:02,713 --> 01:13:03,964
Is it expensive to run?
1187
01:13:04,048 --> 01:13:05,632
Not really. It's a shoestring budget.
1188
01:13:06,842 --> 01:13:09,094
Maybe Jake can find ways
to raise you some money
1189
01:13:09,178 --> 01:13:10,637
flip it to the public?
1190
01:13:11,346 --> 01:13:14,141
We don't really want to go public.
It would affect our credibility.
1191
01:13:14,224 --> 01:13:15,642
We want to stay non-profit.
1192
01:13:15,851 --> 01:13:18,020
Non-profit? What is that?
I don't know what that is.
1193
01:13:18,103 --> 01:13:20,731
- I've heard the term before, "non-profit."
- That's very funny.
1194
01:13:20,814 --> 01:13:23,442
You know what it is?
Isn't that when you came out of school
1195
01:13:23,525 --> 01:13:25,861
and you had to do something for
the government, like it was mandatory?
1196
01:13:25,944 --> 01:13:28,280
- Very funny.
- It was called the draft.
1197
01:13:28,363 --> 01:13:29,615
- It was called the draft.
- It's called the draft.
1198
01:13:29,698 --> 01:13:31,533
So one day, Brett, Churchill Schwartz
1199
01:13:31,617 --> 01:13:34,495
is going to buy every table
at this jackal's ball.
1200
01:13:34,578 --> 01:13:37,331
They're going to call it
"a religious revival."
1201
01:13:39,416 --> 01:13:41,585
Winn, you don't have to leave
on my behalf.
1202
01:13:41,668 --> 01:13:43,212
I'm only going to be here
a couple of seconds.
1203
01:13:43,295 --> 01:13:45,089
No. Stay. I'm just going to get some air.
1204
01:13:58,102 --> 01:14:01,897
If somebody took this place out tonight,
there'd be nobody left to rule the world.
1205
01:14:04,274 --> 01:14:08,112
But, Brett, congratulations.
I know how hard you worked for all of this.
1206
01:14:08,529 --> 01:14:10,739
I go by "Bretton" these days.
1207
01:14:11,406 --> 01:14:14,785
It's a beneficiary of a few bull markets.
That's all it takes.
1208
01:14:14,910 --> 01:14:17,121
So easy, even a caveman can do it, right?
1209
01:14:17,204 --> 01:14:18,455
That's right.
1210
01:14:18,539 --> 01:14:21,875
You make modesty a virtue, Bretton.
1211
01:14:22,376 --> 01:14:26,421
The truth is, nobody needs
inside information anymore to get rich.
1212
01:14:27,297 --> 01:14:30,968
All you have to do is stay out of jail.
1213
01:14:31,510 --> 01:14:33,303
- Glad to be here, Bretton.
- Herb.
1214
01:14:33,387 --> 01:14:37,641
Actually, jail was the best thing
that ever happened to me.
1215
01:14:37,724 --> 01:14:39,852
- Oh, yeah?
- Got me to think.
1216
01:14:40,477 --> 01:14:42,104
It centers a man.
1217
01:14:43,021 --> 01:14:45,816
I probably should thank
whoever put me in there.
1218
01:14:49,361 --> 01:14:51,613
You know, I saw you on television
the other night.
1219
01:14:52,447 --> 01:14:54,575
You are quite the bear.
1220
01:14:55,367 --> 01:14:56,577
You be careful, you know.
1221
01:14:56,660 --> 01:14:59,329
Your daughter's financial health
is now in our hands.
1222
01:14:59,413 --> 01:15:01,832
- So it is, so it is.
- Yeah, it is.
1223
01:15:01,915 --> 01:15:04,918
But your firm knows sub-primes are crap.
1224
01:15:05,502 --> 01:15:09,339
The way you keep buying
Bernie's insurance swaps lately,
1225
01:15:09,423 --> 01:15:13,427
I mean, I gotta worry about
my grandchildren's college education.
1226
01:15:14,428 --> 01:15:16,972
- We like insurance.
- What's not to like?
1227
01:15:17,472 --> 01:15:20,684
Easy selling crack to kids
in a school playground.
1228
01:15:20,851 --> 01:15:23,729
Credit default swap is a good idea.
It's the execution that isn't.
1229
01:15:24,605 --> 01:15:26,690
Well, you know what they say.
1230
01:15:26,773 --> 01:15:31,195
Bulls make money, bears make money,
and the pigs, they get slaughtered.
1231
01:15:31,445 --> 01:15:33,989
I thought this was a charity event, Gordon.
1232
01:15:34,072 --> 01:15:36,450
Why don't you go find some?
1233
01:15:37,492 --> 01:15:40,454
Tell you what.
I'll make you a deal, Bretton.
1234
01:15:41,121 --> 01:15:45,375
You stop telling lies about me,
I'll stop telling the truth about you.
1235
01:15:55,510 --> 01:15:56,553
That's sad.
1236
01:15:57,512 --> 01:15:59,598
- Isn't it?
- It's pathetic.
1237
01:15:59,681 --> 01:16:01,975
That he can't just take his ball
and go home.
1238
01:16:02,059 --> 01:16:04,478
He has to piss on the whole game.
1239
01:16:07,147 --> 01:16:10,359
- I'm going to go find Winnie.
- Oh, look, by the way,
1240
01:16:11,151 --> 01:16:13,070
I talked to Wang today.
1241
01:16:14,655 --> 01:16:18,492
I think the Chinese are close. Very close.
1242
01:16:19,451 --> 01:16:21,828
In any case, I want to talk to you
about the future,
1243
01:16:21,912 --> 01:16:23,914
about how we're going
to bring this over the top.
1244
01:16:23,997 --> 01:16:25,249
- Sure.
- Okay?
1245
01:16:25,332 --> 01:16:27,084
- Tomorrow?
- Possibly tomorrow.
1246
01:16:27,167 --> 01:16:28,502
- Okay. Okay.
- All right.
1247
01:16:35,884 --> 01:16:36,927
Hi.
1248
01:16:45,143 --> 01:16:47,104
He's a good kid.
1249
01:16:47,187 --> 01:16:49,606
He came from nothing.
1250
01:16:49,690 --> 01:16:51,817
Hustler, like me.
1251
01:16:55,487 --> 01:16:58,073
You think he's the one for you, Winn?
1252
01:16:58,740 --> 01:16:59,825
Yep.
1253
01:17:02,035 --> 01:17:04,037
Well, just make sure he's worthy of you
1254
01:17:04,121 --> 01:17:07,749
because, whether you like it or not,
you're still a Gekko.
1255
01:17:10,502 --> 01:17:12,546
And whether you like it or not
1256
01:17:12,629 --> 01:17:15,340
that name
doesn't mean anything anymore.
1257
01:17:18,552 --> 01:17:21,054
Why do you say something like that?
1258
01:17:21,722 --> 01:17:23,682
We had an agreement.
1259
01:17:23,765 --> 01:17:27,102
You remember?
Last time you came down to see me?
1260
01:17:27,185 --> 01:17:29,313
We were going to take a little trip.
1261
01:17:29,396 --> 01:17:32,566
When I got out, you remember that?
To Switzerland?
1262
01:17:32,858 --> 01:17:34,318
Yeah.
1263
01:17:34,401 --> 01:17:36,194
That was before Rudy.
1264
01:17:40,782 --> 01:17:44,244
Some of the things that came out
after you went away,
1265
01:17:46,163 --> 01:17:49,082
things you were recorded saying,
the affairs?
1266
01:17:50,459 --> 01:17:53,211
That wasn't you. That wasn't my father.
It was some sociopath.
1267
01:17:53,295 --> 01:17:54,921
- It was nine years ago.
- So?
1268
01:17:55,005 --> 01:17:56,590
When are you going to stop?
1269
01:18:02,512 --> 01:18:05,724
You got no idea
what hell I went through in there.
1270
01:18:05,807 --> 01:18:08,352
Hell, for you? It was hell for you?
1271
01:18:08,435 --> 01:18:12,356
Do you know what you did to Rudy?
To all of us? You drove Mom mad.
1272
01:18:12,439 --> 01:18:13,482
Winnie,
1273
01:18:14,316 --> 01:18:16,068
he was my only son.
1274
01:18:18,987 --> 01:18:21,782
I tried everything.
I put him in the 12-step deal.
1275
01:18:21,865 --> 01:18:24,826
I never told you,
I borrowed money from hardcore guys.
1276
01:18:24,910 --> 01:18:27,704
Tens of thousands of dollars,
which I didn't have.
1277
01:18:28,580 --> 01:18:31,541
I gave it to the best therapist I could find.
1278
01:18:31,708 --> 01:18:36,630
I even tried to pay off one scumbag dealer
not to sell any more to my boy!
1279
01:18:38,423 --> 01:18:40,717
But if you'd been there, Dad...
1280
01:18:43,178 --> 01:18:45,972
If you hadn't been in prison,
1281
01:18:46,223 --> 01:18:48,308
it would've been different.
1282
01:18:49,810 --> 01:18:52,896
Winnie, you got no idea
1283
01:18:53,146 --> 01:18:55,774
how much I beat myself up,
1284
01:18:55,857 --> 01:18:58,485
how many mistakes I made as a father.
1285
01:18:59,736 --> 01:19:01,154
Rudy...
1286
01:19:01,905 --> 01:19:04,157
He was a victim, you know.
Like, he had cancer.
1287
01:19:04,241 --> 01:19:05,992
You cannot blame me.
1288
01:19:07,494 --> 01:19:10,038
And you gotta stop blaming yourself.
1289
01:19:20,924 --> 01:19:23,135
You're all I got left, honey.
1290
01:19:25,053 --> 01:19:26,471
Nothing else
1291
01:19:27,722 --> 01:19:28,974
matters.
1292
01:19:32,352 --> 01:19:36,022
I cannot make it right again,
but I can make things better.
1293
01:19:38,692 --> 01:19:39,860
I'm your dad.
1294
01:19:41,445 --> 01:19:44,698
And whatever you say
till the day that I die,
1295
01:19:46,116 --> 01:19:47,617
you're my gal.
1296
01:19:49,411 --> 01:19:51,204
You're the only one.
1297
01:19:52,205 --> 01:19:53,707
You're my baby.
1298
01:19:58,753 --> 01:20:00,213
Please.
1299
01:20:01,381 --> 01:20:04,885
Winnie, just try to forgive me.
1300
01:20:20,025 --> 01:20:21,067
Dad.
1301
01:20:39,794 --> 01:20:40,879
It's done, Doc.
1302
01:20:41,004 --> 01:20:43,298
Look, you're an older guy, so
I don't want you to have a heart attack.
1303
01:20:43,381 --> 01:20:46,510
But Bretton James just said
we're gonna get $100 million!
1304
01:20:46,593 --> 01:20:48,678
- Are you serious, my boy?
- Yes!
1305
01:20:48,762 --> 01:20:50,597
Bretton says the Chinese are close!
1306
01:20:50,764 --> 01:20:53,099
But look, you get some sleep, all right?
You deserve it.
1307
01:20:53,183 --> 01:20:55,977
- Thank you, Jacob.
- I'll talk to you soon.
1308
01:21:34,766 --> 01:21:36,601
There is carnage on Wall Street.
1309
01:21:37,352 --> 01:21:40,063
The shares of the major
financial stocks plummeting.
1310
01:21:40,146 --> 01:21:42,399
It's triggering a major sell-off
in the markets.
1311
01:21:42,482 --> 01:21:44,150
The damage, widespread.
1312
01:21:44,234 --> 01:21:45,235
The NASDAQ's plunging.
1313
01:21:45,318 --> 01:21:48,113
The Dow Jones Industrial Average
is plunging, and oil is plunging.
1314
01:21:48,488 --> 01:21:50,323
Literally a 180 points
just added to the decline.
1315
01:21:50,824 --> 01:21:52,242
You can hear the hollering on the floor.
1316
01:21:52,325 --> 01:21:55,245
We're down 260, literally in a split second.
1317
01:21:55,328 --> 01:21:57,122
Right now,
the Dow Jones Industrial Average
1318
01:21:57,205 --> 01:21:59,916
is now 500 points on the decline.
1319
01:22:00,166 --> 01:22:02,252
The headline of the
new housing report is grim
1320
01:22:02,335 --> 01:22:06,089
that this is shaping up to be the worst
real estate market in a generation.
1321
01:22:06,172 --> 01:22:08,133
We are now at the highest point there, 724.
1322
01:22:08,216 --> 01:22:10,260
That was the biggest loss
we've seen today.
1323
01:22:10,343 --> 01:22:12,220
We're now in historic territory.
1324
01:22:12,304 --> 01:22:14,639
Investors are getting
their heads handed to them
1325
01:22:14,723 --> 01:22:17,767
as another US banking institution
nears collapse.
1326
01:22:17,851 --> 01:22:20,687
The President's Working Group
is going into emergency meetings
1327
01:22:20,770 --> 01:22:23,857
with the Secretary of the Treasury
and the Federal Reserve Board.
1328
01:22:32,198 --> 01:22:35,744
The President's Chief of Staff
is calling back in an hour.
1329
01:22:35,827 --> 01:22:37,120
He's with the President.
1330
01:22:37,203 --> 01:22:40,790
And he's going to want to know
what I think we should do.
1331
01:22:41,708 --> 01:22:44,002
This isn't Keller Zabel, Bill.
1332
01:22:45,962 --> 01:22:48,131
This is too big to fail.
1333
01:22:48,256 --> 01:22:51,468
- This is just an insane situation.
- This is now.
1334
01:22:51,551 --> 01:22:54,596
There's about 70-plus trillion out there
in credit default swaps
1335
01:22:54,679 --> 01:22:56,014
held by roughly 17 banks.
1336
01:22:56,097 --> 01:22:58,308
And we do not know where the bottom is.
1337
01:22:59,809 --> 01:23:02,145
How much are you guys thinking?
1338
01:23:02,228 --> 01:23:04,189
At least five.
1339
01:23:04,272 --> 01:23:06,316
I think six.
1340
01:23:06,399 --> 01:23:09,653
Bill, I frankly think
Harry and Charlie are low.
1341
01:23:09,736 --> 01:23:11,905
I think we're talking seven, eight.
1342
01:23:12,030 --> 01:23:13,615
Hundred billion?
1343
01:23:19,746 --> 01:23:21,539
Selling this to Congress is the problem.
1344
01:23:22,082 --> 01:23:24,501
They're going to want to know
where the money's going.
1345
01:23:24,584 --> 01:23:26,795
They'll jawbone this to death.
1346
01:23:29,798 --> 01:23:31,424
- Scare them.
- How?
1347
01:23:32,300 --> 01:23:34,094
Tell them the truth.
1348
01:23:34,636 --> 01:23:37,597
The government's got to
restore confidence.
1349
01:23:37,722 --> 01:23:40,558
If we don't stop the bleeding,
in three days,
1350
01:23:40,642 --> 01:23:43,269
half the banks in this room
are out of business.
1351
01:23:43,353 --> 01:23:45,772
And in five days, we're all gone.
1352
01:23:47,565 --> 01:23:50,193
You men realize what you've done here?
1353
01:23:52,278 --> 01:23:56,991
You are asking for the biggest bailout
in the history of this country.
1354
01:23:58,034 --> 01:24:00,787
You're talking nationalization, Bretton.
1355
01:24:01,579 --> 01:24:02,956
Socialism.
1356
01:24:05,500 --> 01:24:09,295
I have fought it all my life.
1357
01:24:10,422 --> 01:24:12,841
And if we don't get it, Bill,
1358
01:24:13,049 --> 01:24:15,135
there won't be any history.
1359
01:24:15,635 --> 01:24:17,011
Music stops.
1360
01:24:18,471 --> 01:24:19,889
Ball's over.
1361
01:24:23,893 --> 01:24:25,061
Julie?
1362
01:24:26,813 --> 01:24:28,273
1929.
1363
01:24:30,358 --> 01:24:33,319
It'll get worse now, because it'll go faster.
1364
01:24:34,112 --> 01:24:38,742
Money markets will dry up
around the world by the end of the week.
1365
01:24:38,825 --> 01:24:41,828
ATMs will stop spitting bills.
1366
01:24:43,329 --> 01:24:46,082
Federal Deposit Insurance will collapse.
1367
01:24:46,958 --> 01:24:48,960
Banks will close.
1368
01:24:49,169 --> 01:24:50,754
Mobs, panic.
1369
01:24:54,340 --> 01:24:57,469
It's going to be the end of the world, Bill.
1370
01:25:01,890 --> 01:25:02,974
See?
1371
01:25:09,939 --> 01:25:11,524
All right, boys.
1372
01:25:12,692 --> 01:25:14,861
You'll hear from us tonight.
1373
01:25:18,573 --> 01:25:20,283
What is going to happen here?
Does government have to get involved?
1374
01:25:20,366 --> 01:25:23,244
Are we potentially at a point
where we might actually lose
1375
01:25:23,328 --> 01:25:25,246
the financial system as we know it?
1376
01:25:25,330 --> 01:25:27,290
If the government doesn't get involved,
1377
01:25:27,373 --> 01:25:30,668
there is a risk of a global meltdown
of the global financial system.
1378
01:25:30,752 --> 01:25:32,045
This is a financial crisis,
1379
01:25:32,128 --> 01:25:35,131
and anyone who doesn't admit that
is just kidding themselves.
1380
01:25:35,215 --> 01:25:36,633
- We've seen something like this.
- Polly, I disagree.
1381
01:25:36,716 --> 01:25:39,469
You've gotta get the government to say no
in a situation like this.
1382
01:25:39,552 --> 01:25:42,263
True capitalism
is about disaster and correction.
1383
01:25:42,347 --> 01:25:43,598
It's a natural cycle.
1384
01:25:43,681 --> 01:25:45,141
Without it, you create all kinds
1385
01:25:45,225 --> 01:25:47,560
-of artificial anomalies in the market.
- But if we don't fix this now,
1386
01:25:47,644 --> 01:25:49,145
you're going to have...
1387
01:25:49,229 --> 01:25:52,357
This is something this country
hasn't experienced before.
1388
01:25:52,482 --> 01:25:53,733
It's an economic Pearl Harbor.
1389
01:25:54,234 --> 01:25:56,027
We got to figure out some way
to put the fire out.
1390
01:25:56,110 --> 01:25:58,238
And that means government...
1391
01:26:03,618 --> 01:26:05,745
Your father predicted this.
1392
01:26:08,957 --> 01:26:10,124
When I was little,
1393
01:26:10,917 --> 01:26:13,837
I'd hear my dad in the kitchen late at night.
1394
01:26:15,421 --> 01:26:16,589
His case was on appeal.
1395
01:26:19,425 --> 01:26:22,345
I'd go and sit with him. We'd eat ice cream.
1396
01:26:23,930 --> 01:26:26,182
I never knew him as a peaceful person.
1397
01:26:28,560 --> 01:26:30,311
It always scared me.
1398
01:26:31,396 --> 01:26:32,897
This is scary.
1399
01:26:34,107 --> 01:26:36,025
What's going to happen?
1400
01:26:38,236 --> 01:26:39,904
It'll be the end.
1401
01:26:43,867 --> 01:26:45,910
Well, that's unacceptable.
1402
01:26:47,328 --> 01:26:48,538
Why?
1403
01:26:49,539 --> 01:26:51,249
Because I'm pregnant, Jake.
1404
01:27:01,885 --> 01:27:03,803
- You're pregnant?
- Yeah.
1405
01:27:13,187 --> 01:27:14,814
That's fantastic.
1406
01:27:39,047 --> 01:27:41,883
And we are talking on the S&P 500
1407
01:27:41,966 --> 01:27:44,677
a loss of almost eight percent in one day,
1408
01:27:44,761 --> 01:27:47,305
surpassing September 17th, 2001.
1409
01:27:47,388 --> 01:27:50,767
That's the day markets opened
after the attacks of 9/11.
1410
01:27:50,850 --> 01:27:52,268
...last night on Wall Street
1411
01:27:52,352 --> 01:27:55,271
and swept through
Japan, China, India and Europe
1412
01:27:55,355 --> 01:27:59,525
after one of the worst days
on global stock markets in modern times.
1413
01:28:44,153 --> 01:28:46,030
They said your office.
1414
01:28:47,907 --> 01:28:51,202
It's too depressing today.
This is my other office.
1415
01:28:52,745 --> 01:28:54,956
This might be dangerous.
Think you can keep up?
1416
01:28:55,123 --> 01:28:57,250
World's crashing anyway. We'll see, right?
1417
01:30:20,416 --> 01:30:22,210
That's not bad, Jake.
1418
01:30:22,960 --> 01:30:25,296
Though I think they might have given you
the faster bike.
1419
01:30:25,379 --> 01:30:27,507
I'm sure that's what it was.
1420
01:30:29,008 --> 01:30:30,259
You know,
1421
01:30:30,927 --> 01:30:32,678
I've always believed
that a man should have,
1422
01:30:32,762 --> 01:30:37,225
at one time or another in his life,
both a mentor and a protégé.
1423
01:30:37,683 --> 01:30:38,726
Who's yours?
1424
01:30:38,810 --> 01:30:40,853
The man who brought me
into Churchill Schwartz.
1425
01:30:40,937 --> 01:30:45,358
Bill Clark at Treasury. He's been
a good friend to us during this crisis.
1426
01:30:46,067 --> 01:30:48,569
You got the makings of a leader, Jake.
1427
01:30:48,653 --> 01:30:52,031
I just want you to know,
there's no hard feelings on this.
1428
01:30:52,782 --> 01:30:54,492
No one's going to lose.
1429
01:30:54,575 --> 01:30:56,953
With Clark in, I think we're in good shape.
1430
01:30:57,036 --> 01:30:58,788
You got a great future.
1431
01:30:58,871 --> 01:31:00,581
I don't understand.
1432
01:31:01,040 --> 01:31:03,126
Didn't you read this morning's
capital breakdown?
1433
01:31:03,209 --> 01:31:06,546
No, I came right up to the roof.
Why? What happened?
1434
01:31:08,131 --> 01:31:14,011
Look, the Chinese money,
it's going to Babaco Solar.
1435
01:31:16,055 --> 01:31:18,015
- What?
- We took another look
1436
01:31:18,099 --> 01:31:20,810
and we just don't think United Fusion
is ever gonna achieve what they claim.
1437
01:31:20,893 --> 01:31:23,271
Babaco needs this money to build
these three fabrications...
1438
01:31:23,354 --> 01:31:24,647
You might as well
just burn the money, Bretton.
1439
01:31:24,730 --> 01:31:27,066
You told me, I told Dr. Masters.
He's expecting it.
1440
01:31:27,150 --> 01:31:29,193
The decision's been made.
1441
01:31:29,277 --> 01:31:31,320
Unless you want it to die.
1442
01:31:32,446 --> 01:31:36,993
Of course. Seawater is in a lot more supply
than crude. Right, Bretton?
1443
01:31:37,076 --> 01:31:40,246
- You an idealist or a capitalist, Jacob?
- I'm a realist.
1444
01:31:41,080 --> 01:31:43,124
You're a real piece of work, Bretton.
1445
01:31:43,207 --> 01:31:45,376
You're giving the money to Babaco
because it's a hustle.
1446
01:31:45,459 --> 01:31:48,337
It's all inside. That's why
your oil companies are safe, right?
1447
01:31:48,421 --> 01:31:53,426
The mentor-protege relationship
is not emotional over anything.
1448
01:31:54,427 --> 01:31:57,013
I thought you might be a good addition
to the Churchill Schwartz team.
1449
01:31:57,096 --> 01:31:58,723
- Am I mistaken?
- Let me tell you something, Bretton.
1450
01:31:58,806 --> 01:32:02,101
You are not my mentor. Lou Zabel was.
And whether you admit it or not,
1451
01:32:02,310 --> 01:32:05,271
your raid destroyed Zabel
and forced him to suicide.
1452
01:32:05,354 --> 01:32:08,983
So you may talk about moral hazard.
You are the moral hazard.
1453
01:32:09,442 --> 01:32:13,446
You are the worst kind of toxic debt
this system's polluted with.
1454
01:32:15,239 --> 01:32:17,491
- Is this a threat?
- Absolutely.
1455
01:32:25,666 --> 01:32:27,710
This is so disappointing.
1456
01:32:28,628 --> 01:32:31,130
I really saw so much in you, Jacob.
1457
01:32:32,757 --> 01:32:37,511
You should look in the mirror first.
See yourself. It might scare you, Bretton.
1458
01:32:42,141 --> 01:32:44,268
Consider the motorcycle
part of your severance.
1459
01:32:44,352 --> 01:32:46,020
Fuck you, Bretton!
1460
01:32:52,818 --> 01:32:54,195
- Here you are.
- Thanks a lot.
1461
01:32:54,278 --> 01:32:56,489
- Hi. For Elise.
-"For Elise."
1462
01:32:56,572 --> 01:32:59,450
- And can I ask you a question, Mr. Gekko?
- Certainly, Elise.
1463
01:32:59,533 --> 01:33:01,911
What exactly is "moral hazard"?
1464
01:33:01,994 --> 01:33:04,163
- He screwed me.
- Excuse me?
1465
01:33:05,289 --> 01:33:06,374
Shocker.
1466
01:33:06,457 --> 01:33:09,669
He saw that fusion was actually possible,
so he killed it.
1467
01:33:09,752 --> 01:33:11,837
Well, that's a little far-fetched.
1468
01:33:11,921 --> 01:33:14,340
But then, these days, anything is possible.
1469
01:33:14,423 --> 01:33:16,217
Well, I quit, Gordon.
1470
01:33:16,926 --> 01:33:20,846
That's really going to help.
I'll see you outside in 15 minutes.
1471
01:33:21,013 --> 01:33:24,058
Moral hazard, that's when somebody
1472
01:33:24,141 --> 01:33:27,186
takes your money
and is not responsible for it.
1473
01:33:28,229 --> 01:33:32,108
This guy James,
he must walk between raindrops.
1474
01:33:32,191 --> 01:33:34,860
He's a monkey dancing on a razorblade.
1475
01:33:35,778 --> 01:33:40,366
Not only did he start the rumors at Zabel
to get your bank for peanuts,
1476
01:33:40,449 --> 01:33:43,119
the guy was trading for his own account
in this Locust Fund.
1477
01:33:43,202 --> 01:33:44,537
- He was?
- He was.
1478
01:33:44,662 --> 01:33:48,499
And he was betting against the market
that he was making.
1479
01:33:48,582 --> 01:33:52,420
But the kicker is, so was his firm.
1480
01:33:52,503 --> 01:33:54,964
Churchill Schwartz
was shorting sub-primes?
1481
01:33:55,047 --> 01:33:57,925
Yeah, for the last two years
they've been hedging.
1482
01:33:58,009 --> 01:34:01,762
Not just sub-primes.
Primes, indexes, the whole thing.
1483
01:34:03,347 --> 01:34:07,601
But they knew this home loan fantasy
was going to collapse the market.
1484
01:34:08,644 --> 01:34:10,646
And when they did, they got the Feds
1485
01:34:10,730 --> 01:34:15,693
to bail out their bad insurance swaps,
a 100 cents on the dollar.
1486
01:34:15,860 --> 01:34:19,405
I mean, talk about an evil empire.
This puts me to shame.
1487
01:34:19,655 --> 01:34:22,575
And I'm small-time
compared to these crooks.
1488
01:34:24,368 --> 01:34:27,663
The system is insolvent
if no one knows what to do next
1489
01:34:27,747 --> 01:34:31,208
except repeat the insanity
till the next bubble blows.
1490
01:34:32,293 --> 01:34:34,628
That'll be the one. The big one.
1491
01:34:35,671 --> 01:34:38,674
The tipping point, just like the tulip.
1492
01:34:38,758 --> 01:34:42,595
We could still go after James on this.
Just bring it all out.
1493
01:34:42,678 --> 01:34:44,430
Easy, Trigger.
1494
01:34:44,513 --> 01:34:48,017
Media is not going to get in the way
of Churchill or the government.
1495
01:34:48,100 --> 01:34:50,853
They want their profits
just like the rest of us.
1496
01:34:50,936 --> 01:34:53,022
It's unethical, but it's not illegal.
1497
01:34:53,105 --> 01:34:56,609
When everyone's running for the lifeboats,
who's going to care?
1498
01:34:56,692 --> 01:34:59,236
Maybe some little leftist website?
1499
01:34:59,320 --> 01:35:01,030
Your daughter will run it.
It'll get some play.
1500
01:35:06,452 --> 01:35:10,706
Look, Bretton is not an enemy
a kid like you wants to have for life.
1501
01:35:10,790 --> 01:35:11,957
Just get out of this racket.
1502
01:35:12,625 --> 01:35:15,753
Settle down with Winnie.
Live a happy life somewhere.
1503
01:35:15,836 --> 01:35:18,881
- What?
- Well, you know, she's got enough money.
1504
01:35:18,964 --> 01:35:21,008
- What do you mean?
- You're smart.
1505
01:35:21,092 --> 01:35:22,635
You'll come up with another way
to slice bread.
1506
01:35:22,718 --> 01:35:25,304
- What money?
- My money.
1507
01:35:26,972 --> 01:35:29,266
Stop playing it dumb, will you, Jake?
I know you know.
1508
01:35:29,350 --> 01:35:30,684
Know what?
1509
01:35:32,061 --> 01:35:33,813
Are you telling me
that you're not the only one
1510
01:35:33,896 --> 01:35:36,524
in this relationship keeping a secret?
1511
01:35:38,692 --> 01:35:40,361
Hold on a second. What money, Gordon?
1512
01:35:42,154 --> 01:35:44,573
- Switzerland.
- How much?
1513
01:35:46,492 --> 01:35:49,370
It's close to $100 million by now.
1514
01:35:53,916 --> 01:35:56,168
What do you say we split a cab?
1515
01:36:02,425 --> 01:36:06,762
I set it up as a Swiss account in the '80s
before all the trouble.
1516
01:36:06,846 --> 01:36:07,888
Hey, chief.
1517
01:36:08,097 --> 01:36:10,558
Look, I'll pay you extra. Just slow down.
1518
01:36:10,641 --> 01:36:11,892
Can you... Can you...
1519
01:36:11,976 --> 01:36:16,272
When she was 18, I told her she would
come into it all when she turned 25.
1520
01:36:17,481 --> 01:36:20,276
And she agreed to stake me
when I got out.
1521
01:36:21,235 --> 01:36:24,697
Then Rudy died, and she reneged.
1522
01:36:24,989 --> 01:36:26,365
She never visited me again.
1523
01:36:27,366 --> 01:36:29,285
She told me she had a small trust
1524
01:36:29,368 --> 01:36:31,120
from you and her mom,
but she didn't care anything about it.
1525
01:36:31,203 --> 01:36:33,372
She was going to give it to charity
when she was 25.
1526
01:36:33,456 --> 01:36:35,749
Well, it's easy for her to say.
She never earned it.
1527
01:36:37,209 --> 01:36:40,296
And now you want it
for your fusion delusion.
1528
01:36:40,379 --> 01:36:43,966
But it's a trust. I mean, she couldn't
break into it before she was 25 anyway.
1529
01:36:44,049 --> 01:36:47,136
Are you as dumb as you sound?
Anything can be revoked.
1530
01:36:47,219 --> 01:36:51,432
They don't got trusts in Switzerland.
It's an account, that's all.
1531
01:36:51,891 --> 01:36:54,727
I know the bank well.
They'll work with me.
1532
01:36:55,394 --> 01:36:58,189
But you still need her signature, of course.
1533
01:36:59,482 --> 01:37:03,903
When it comes to money, sport,
your eyes suddenly shine, just like mine.
1534
01:37:06,697 --> 01:37:08,782
Great! Saved another life?
1535
01:37:09,658 --> 01:37:10,826
Asshole!
1536
01:37:10,910 --> 01:37:12,870
Are you crazy? You want to die?
1537
01:37:17,625 --> 01:37:18,792
How do we do this?
1538
01:37:21,420 --> 01:37:25,132
She goes with you to Switzerland,
she signs the account over to your control
1539
01:37:25,216 --> 01:37:28,093
then you give me the money
and I'll get it to the States for you.
1540
01:37:28,844 --> 01:37:30,429
You mean launder it?
1541
01:37:30,930 --> 01:37:33,182
Look, pal, you want the IRS on Winnie?
1542
01:37:33,265 --> 01:37:37,353
Because you damn well know
she is complicit and seriously liable.
1543
01:37:37,436 --> 01:37:38,938
All right? You want the money?
1544
01:37:57,039 --> 01:37:58,332
- Hi. How are you?
- Hi.
1545
01:37:58,415 --> 01:38:02,253
- Can I talk to you for a second?
- Yeah. I'll be back in a sec.
1546
01:38:04,713 --> 01:38:07,633
Why didn't you tell me
about the $100 million?
1547
01:38:11,053 --> 01:38:15,558
How did you find...
How did you find out in the first place?
1548
01:38:15,808 --> 01:38:17,268
Did you talk to my father?
1549
01:38:17,351 --> 01:38:19,562
I found out because Churchill Schwartz's
international trading desk
1550
01:38:19,645 --> 01:38:21,313
handles some of the money,
and your name came up,
1551
01:38:21,397 --> 01:38:22,523
along with Gordon Gekko.
1552
01:38:22,606 --> 01:38:26,735
I never considered it mine.
I was 14. I was a minor when he set it up.
1553
01:38:26,819 --> 01:38:27,945
Yeah, but you didn't do anything
with the money
1554
01:38:28,028 --> 01:38:29,071
when you turned into a major, did you?
1555
01:38:29,154 --> 01:38:31,073
- I was going to give it to charity.
- Really?
1556
01:38:31,156 --> 01:38:33,701
What were you gonna do,
launder the money yourself, Winnie?
1557
01:38:33,784 --> 01:38:37,079
- What was your plan?
- I didn't think about it.
1558
01:38:37,162 --> 01:38:39,081
- You didn't think about it?
- It was my father's money.
1559
01:38:39,164 --> 01:38:41,000
- You know how he got it.
- No, you're wrong. It's your money.
1560
01:38:41,083 --> 01:38:43,752
It's $100 million of your money.
1561
01:38:43,836 --> 01:38:45,337
Do you know what that means?
1562
01:38:45,838 --> 01:38:49,717
That's five years in jail. You're gonna
get busted with him for tax fraud.
1563
01:38:49,800 --> 01:38:51,760
This is serious, Winnie.
1564
01:38:59,143 --> 01:39:02,021
You could do something good
with this money.
1565
01:39:03,105 --> 01:39:04,982
This is more than just charity, Winn.
1566
01:39:07,026 --> 01:39:10,279
You might want to wipe some of the drool
off your face, Jake.
1567
01:39:10,779 --> 01:39:12,948
Winnie, if it wasn't important,
I'd totally understand, but it is.
1568
01:39:13,032 --> 01:39:14,950
You know that fusion just might work.
1569
01:39:15,034 --> 01:39:17,119
I know it sounds like Star Wars, love,
1570
01:39:17,202 --> 01:39:19,747
but if it weren't for crazy people
who thought these crazy things
1571
01:39:19,830 --> 01:39:22,833
then where would we be
in this world? Nowhere.
1572
01:39:24,877 --> 01:39:28,130
Winnie, Dr. Masters is a genius.
He's a pioneer.
1573
01:39:28,213 --> 01:39:30,007
They might just solve this thing
It could change the world.
1574
01:39:30,090 --> 01:39:32,301
Yeah, okay. Is this about changing
the world or making money?
1575
01:39:32,384 --> 01:39:33,969
Because you come into my office,
pitching to me.
1576
01:39:34,053 --> 01:39:35,346
You sound like a Wall Street guy.
1577
01:39:35,429 --> 01:39:38,432
Hold on for a second!
I am a Wall Street guy.
1578
01:39:38,515 --> 01:39:39,683
I am and I'm good at this.
1579
01:39:39,767 --> 01:39:42,686
And I believe in this.
And you know that I do.
1580
01:39:42,770 --> 01:39:45,064
What do you wanna do, just report
the news for the rest of your life
1581
01:39:45,147 --> 01:39:46,857
or do you want to make the news?
This is your opportunity.
1582
01:39:46,940 --> 01:39:49,234
It's your chance to shine.
1583
01:39:49,318 --> 01:39:51,195
To be Captain America.
1584
01:39:55,991 --> 01:39:59,703
This is the most charitable
you could ever be in your life!
1585
01:40:06,377 --> 01:40:08,587
You honestly believe in this?
1586
01:40:10,047 --> 01:40:13,676
Let's say I could... Let's say I could get
the money now, hypothetically, right?
1587
01:40:13,759 --> 01:40:14,843
Not that you care about the money.
1588
01:40:14,927 --> 01:40:16,178
But let's say I could take out a loan
against it,
1589
01:40:16,261 --> 01:40:18,972
minimize your risk as much as possible.
1590
01:40:19,973 --> 01:40:22,351
Would you do this for me, Winn?
1591
01:40:24,728 --> 01:40:26,730
Would you do this for me?
1592
01:40:53,006 --> 01:40:55,676
Very well, Miss Gekko.
We will have your father co-sign
1593
01:40:55,759 --> 01:40:57,886
and we will see to it
that the funds are transferred.
1594
01:40:57,970 --> 01:40:59,847
- Thank you.
- Danke Schön, Miss Gekko.
1595
01:41:00,264 --> 01:41:01,515
- Mr. Moore.
- Yes?
1596
01:41:01,598 --> 01:41:05,227
Mr. Gekko asked that you call him in
New York as soon as this meeting is over.
1597
01:41:05,310 --> 01:41:06,645
Thank you.
1598
01:41:08,313 --> 01:41:10,566
So I'll take care of the rest of this.
You go back to the hotel.
1599
01:41:10,649 --> 01:41:11,859
- All right.
- I just got the confirmation.
1600
01:41:11,942 --> 01:41:13,402
We're on the direct flight to New York
in the morning.
1601
01:41:13,485 --> 01:41:14,653
Great.
1602
01:41:15,654 --> 01:41:16,989
- Great news on the loft.
- Yeah?
1603
01:41:17,072 --> 01:41:20,033
Yeah, I got a buyer.
So one less thing in our lives, right?
1604
01:41:20,117 --> 01:41:22,578
- I kind of like the feeling.
- Yeah, so do I.
1605
01:41:22,661 --> 01:41:24,997
- I'll see you over there.
- Okay.
1606
01:41:33,672 --> 01:41:37,009
Hey, anyone can figure out life
when you're looking back on it.
1607
01:41:37,092 --> 01:41:40,512
But we got to live it going forward.
Right, Jakie?
1608
01:41:41,764 --> 01:41:45,267
Besides, four-and-a-half is great
in this market.
1609
01:41:45,350 --> 01:41:48,187
Yeah, except I owe six to the bank.
When do I have to be out of here?
1610
01:41:48,270 --> 01:41:50,439
You got three months more.
1611
01:41:50,522 --> 01:41:54,109
By the way, I had to throw in the furniture.
1612
01:41:54,651 --> 01:41:56,487
What there was of it.
1613
01:41:57,821 --> 01:42:00,741
Did you want me
to have a yard sale here for you?
1614
01:42:00,824 --> 01:42:03,118
Here. Take it. Here's your pen.
1615
01:42:11,752 --> 01:42:14,213
- Jake“.
- Dolores was just leaving.
1616
01:42:20,219 --> 01:42:24,598
Hello to you, too, honey.
Don't forget. Three months, honey.
1617
01:42:30,062 --> 01:42:33,482
- Bastards changed the locks.
- You weren't servicing the loans, Ma.
1618
01:42:33,565 --> 01:42:36,568
Well, they lied to me. They told me
they were going to give me more time.
1619
01:42:36,652 --> 01:42:38,862
Well, they're not, okay?
They're panicking. Everyone is panicking.
1620
01:42:38,946 --> 01:42:41,573
They're gonna throw it in the market
and take what they can get for it, Ma.
1621
01:42:41,657 --> 01:42:43,826
But it's not even finished yet.
1622
01:42:43,909 --> 01:42:46,578
And that's not all. Look.
1623
01:42:46,662 --> 01:42:48,413
It's the other properties, Mom.
1624
01:42:48,497 --> 01:42:50,833
No, but they said they were gonna give me
a little more time.
1625
01:42:50,916 --> 01:42:52,501
And all I need is a 110 grand,
1626
01:42:52,584 --> 01:42:55,712
and then that way,
I can keep all three properties in play.
1627
01:42:55,796 --> 01:42:57,548
- I know you have it, Jake.
- I don't have it, Mom.
1628
01:42:57,631 --> 01:42:59,091
- You have it, Jacob.
- I don't have it,
1629
01:42:59,174 --> 01:43:00,759
and I wouldn't give it to you if I did have it.
1630
01:43:01,552 --> 01:43:03,929
- What am I supposed to do?
- You know what moral hazard is, Ma?
1631
01:43:04,012 --> 01:43:05,138
- You know what that means?
- No.
1632
01:43:05,222 --> 01:43:06,807
It means that once you get bailed out,
what's to stop you
1633
01:43:06,890 --> 01:43:09,268
-from taking another shot?
- But I...
1634
01:43:09,351 --> 01:43:11,395
I'm in trouble, Mom.
I am in trouble right now.
1635
01:43:11,478 --> 01:43:13,897
I'm taking a huge hit on the loft,
I just sold my bike for nothing
1636
01:43:13,981 --> 01:43:16,024
and now, again,
I'm writing you a check, Mom.
1637
01:43:16,108 --> 01:43:17,526
It's ridiculous.
1638
01:43:18,735 --> 01:43:20,946
This is $30,000 that I barely have.
1639
01:43:21,405 --> 01:43:23,198
- But that's not enough, honey.
- Ma, I love you,
1640
01:43:23,282 --> 01:43:25,492
but I cannot keep hemorrhaging money
for your insanity.
1641
01:43:25,576 --> 01:43:27,244
What you need to do
is you need to go back to Henry.
1642
01:43:27,327 --> 01:43:28,745
You need to get another job, okay?
1643
01:43:28,829 --> 01:43:32,207
But this is my job. I have a job.
What do you... Oh, my God.
1644
01:43:32,291 --> 01:43:34,835
- You mean like a real job with a boss?
- Yes, a real job.
1645
01:43:34,918 --> 01:43:36,461
- I'm too old to get a...
- I'm sorry, Ma,
1646
01:43:36,545 --> 01:43:37,629
you got to start at some point.
1647
01:43:37,713 --> 01:43:40,883
You got to start now.
I can't keep carrying you forever.
1648
01:43:40,966 --> 01:43:44,052
You're not the only one
who's in trouble, Ma. Please.
1649
01:43:44,136 --> 01:43:47,472
- Hello?
- Hey, Jake. We have a problem.
1650
01:43:49,057 --> 01:43:50,100
Go ahead.
1651
01:43:50,183 --> 01:43:53,979
I don't know what happened.
My CFO says the money hasn't arrived yet.
1652
01:43:56,231 --> 01:43:57,941
Yeah, but it was sent yesterday.
1653
01:43:58,025 --> 01:44:00,694
It should have been there
before the Fedwire closed at 6:00.
1654
01:44:01,528 --> 01:44:05,365
Well, maybe there's been some sort
of mistake. It was a large amount.
1655
01:44:08,243 --> 01:44:09,494
Okay, just sit tight.
1656
01:44:09,828 --> 01:44:12,247
- All right?
- Jesus.
1657
01:44:19,129 --> 01:44:21,840
A few days? In this city that's nothing.
1658
01:44:22,966 --> 01:44:25,260
Mr. Gekko is good tenant.
1659
01:44:25,844 --> 01:44:27,429
I appreciate it.
1660
01:44:48,116 --> 01:44:52,371
A fisherman always sees
another fisherman from afar.
1661
01:44:58,919 --> 01:45:01,880
Winnie's all I got left.
You understand that?
1662
01:45:04,091 --> 01:45:05,384
How much?
1663
01:45:05,550 --> 01:45:08,011
Close to $100 million by now.
1664
01:45:10,597 --> 01:45:12,808
Don't go back in there, Jake.
1665
01:45:16,186 --> 01:45:17,854
This is who he is.
1666
01:45:20,565 --> 01:45:22,401
I did tell you, Jake.
1667
01:45:23,819 --> 01:45:25,362
I did warn you.
1668
01:45:26,822 --> 01:45:28,699
I lied to you, Winnie.
1669
01:45:34,579 --> 01:45:38,166
I've been in contact with your father
behind your back.
1670
01:45:42,504 --> 01:45:44,798
After we saw him at the dinner,
1671
01:45:45,674 --> 01:45:47,884
before you gave me the money.
1672
01:45:59,563 --> 01:46:00,939
Why?
1673
01:46:03,650 --> 01:46:07,779
Because I thought it was
the best thing for you, you know. For us.
1674
01:46:17,706 --> 01:46:18,957
I just wanted to...
1675
01:46:26,465 --> 01:46:28,050
You're like him.
1676
01:46:30,177 --> 01:46:32,304
I'm sorry. I'm sorry, Winnie.
1677
01:46:35,265 --> 01:46:38,310
I'll make it up to you.
I promise I'll get the money back.
1678
01:46:38,477 --> 01:46:42,564
I don't care about the money, Jake!
This is not about the money.
1679
01:46:42,647 --> 01:46:45,442
This is about you and me,
and we are not good anymore.
1680
01:46:48,320 --> 01:46:50,781
Winn, we are good. Come on.
1681
01:46:52,157 --> 01:46:53,158
We are good.
1682
01:46:53,992 --> 01:46:56,286
- Come on, Winn. We're good.
- No.
1683
01:46:59,081 --> 01:47:02,000
We're supposed
to make each other feel safe.
1684
01:47:03,960 --> 01:47:06,088
Otherwise, what's the point?
1685
01:47:12,219 --> 01:47:13,845
It's gone, Jake.
1686
01:47:15,013 --> 01:47:16,973
It's not. Please don't.
1687
01:47:17,057 --> 01:47:18,517
Take it.
1688
01:47:24,981 --> 01:47:26,483
Come on, Winn.
1689
01:47:27,692 --> 01:47:29,027
Please go.
1690
01:47:30,362 --> 01:47:31,530
Please.
1691
01:47:32,697 --> 01:47:33,740
Go.
1692
01:47:40,705 --> 01:47:42,040
I'm sorry.
1693
01:48:15,115 --> 01:48:20,245
China, India, Brazil.
Silver, oil, copper, I want to own it all.
1694
01:48:20,412 --> 01:48:22,956
Buy me Churchill Schwartz,
1695
01:48:23,039 --> 01:48:25,542
and get me updates
on the other financials.
1696
01:48:25,625 --> 01:48:28,420
I'm looking for deals. Only good deals.
1697
01:48:28,503 --> 01:48:31,923
Just ride the trends.
Just don't try too hard for the turns.
1698
01:48:32,007 --> 01:48:34,134
It's just like the old days, Bobby.
1699
01:48:34,217 --> 01:48:36,261
What do you feel
about California municipals, Gordon?
1700
01:48:36,344 --> 01:48:38,972
No way.
California has made more mistakes
1701
01:48:39,055 --> 01:48:41,725
than Yogi Berra reciting Shakespeare.
1702
01:48:42,976 --> 01:48:46,146
Right now, it is ugly times ugly.
1703
01:48:47,022 --> 01:48:49,524
And that's when the ugly get going.
1704
01:48:50,609 --> 01:48:54,029
You tell them for me, babe,
Gordon Gekko is back.
1705
01:48:56,865 --> 01:49:00,202
I'm looking for distressed securities.
I'm trying to get a hold of them
1706
01:49:00,285 --> 01:49:02,996
before the government does. You got that?
1707
01:49:03,705 --> 01:49:04,873
Okay.
1708
01:49:05,540 --> 01:49:08,168
- Here you are, Mr. Gekko.
- Nice, Harry.
1709
01:49:08,627 --> 01:49:11,588
Well, then, Alex,
you tell the Treasury Department for me
1710
01:49:11,671 --> 01:49:14,925
that I'm willing to stand
on the other side of their auction.
1711
01:49:15,008 --> 01:49:17,552
Not too tight under the arms, Mr. Gekko?
1712
01:49:17,636 --> 01:49:20,722
Jesus Christ. I tell you,
the government's worse than a wife.
1713
01:49:20,805 --> 01:49:23,808
They got all the power,
they got half the money.
1714
01:49:23,892 --> 01:49:26,353
Now they're working
on getting the other half.
1715
01:49:26,686 --> 01:49:28,438
Hey, hey, stay positive, pal.
1716
01:49:28,521 --> 01:49:31,316
Most people,
they lose, they whine and quit.
1717
01:49:31,399 --> 01:49:32,817
But you got to be there for the turns.
1718
01:49:32,901 --> 01:49:35,362
Everybody's got good luck,
everybody's got bad luck.
1719
01:49:35,445 --> 01:49:39,032
Don't run when you lose.
Don't whine when it hurts.
1720
01:49:39,115 --> 01:49:41,076
It's like the first grade, Jerry.
1721
01:49:41,159 --> 01:49:42,911
Nobody likes a crybaby.
1722
01:49:42,994 --> 01:49:45,830
- Whooshing sound.
- I'll take four of these.
1723
01:49:59,469 --> 01:50:01,680
Feels good to be back on top, huh?
1724
01:50:05,725 --> 01:50:08,520
Hey, champ. What brings you to London?
1725
01:50:08,687 --> 01:50:10,689
You, Gordo.
1726
01:50:12,816 --> 01:50:15,110
You want to make one last trade?
1727
01:50:15,193 --> 01:50:17,237
Well, that depends.
1728
01:50:18,780 --> 01:50:21,157
Did you ever really want
to reconcile with her?
1729
01:50:23,159 --> 01:50:24,536
I'm human.
1730
01:50:24,619 --> 01:50:25,996
Then why did you do it?
1731
01:50:26,079 --> 01:50:27,956
Well, it's the same answer.
1732
01:50:28,039 --> 01:50:31,042
Look, I told you before, Winnie was gonna
stake me when I got out.
1733
01:50:31,584 --> 01:50:33,962
- You remember, she reneged.
- Sure, she did.
1734
01:50:34,546 --> 01:50:36,965
It makes you feel better
about stealing from your own blood,
1735
01:50:37,173 --> 01:50:38,466
doesn't it?
1736
01:50:38,550 --> 01:50:40,593
Every thief has some excuse.
1737
01:50:40,927 --> 01:50:43,471
Hey, don't you act so superior, kid.
1738
01:50:44,556 --> 01:50:49,561
They took 122 thousand hours of my life
for a victimless crime.
1739
01:50:49,728 --> 01:50:52,480
I ate my bitterness every goddamn day.
1740
01:50:52,564 --> 01:50:54,232
And when I got out,
who was waiting for me?
1741
01:50:54,316 --> 01:50:55,525
Nobody!
1742
01:50:56,443 --> 01:50:58,445
Not even my own daughter.
1743
01:50:59,237 --> 01:51:02,198
I thought Bretton was slime
until I met you.
1744
01:51:03,033 --> 01:51:05,577
I just never believed that a man
would sell out his own daughter.
1745
01:51:05,660 --> 01:51:08,913
You die your way, I'll die mine.
Get the hell out of here.
1746
01:51:08,997 --> 01:51:10,165
You know, she left me, Gordon.
1747
01:51:10,415 --> 01:51:11,499
Yeah?
1748
01:51:12,917 --> 01:51:15,045
I'm sorry about that.
1749
01:51:15,128 --> 01:51:17,255
Yeah? I bet you are.
1750
01:51:17,922 --> 01:51:19,924
You left it all in ruins.
1751
01:51:21,384 --> 01:51:25,221
But no matter how much money you make,
you'll never be rich.
1752
01:51:25,305 --> 01:51:29,142
See, that's what you never got, kid.
It's not about the money.
1753
01:51:30,226 --> 01:51:33,646
It's about the game.
The game between people.
1754
01:51:34,647 --> 01:51:36,441
And that's all it is.
1755
01:51:38,985 --> 01:51:40,362
Speaking of,
1756
01:51:42,030 --> 01:51:43,823
what's the trade?
1757
01:51:43,990 --> 01:51:48,286
You give back the principal to Winnie.
The $100 million.
1758
01:51:50,455 --> 01:51:52,624
And what do I get in return?
1759
01:51:55,627 --> 01:51:57,045
Put this in.
1760
01:52:14,646 --> 01:52:16,439
That's your grandson.
1761
01:52:33,998 --> 01:52:37,502
You said, "The most valuable commodity
I know is time."
1762
01:52:38,670 --> 01:52:40,547
You're looking at time.
1763
01:52:41,256 --> 01:52:42,549
Not money.
1764
01:52:45,510 --> 01:52:47,345
This is time, Gordon.
1765
01:53:00,233 --> 01:53:04,529
I'm sorry, Jake, but this is simply
a trade I cannot make.
1766
01:53:17,584 --> 01:53:19,752
You're a sad man, Gordon.
1767
01:54:34,118 --> 01:54:35,578
You really want to get this site
on the map?
1768
01:54:35,662 --> 01:54:39,374
You break this story.
It'll take some time, but it'll spread.
1769
01:54:39,457 --> 01:54:42,043
It's the single greatest transfer
of wealth in American history
1770
01:54:42,126 --> 01:54:44,504
from Main Street to Wall Street,
and it's all true.
1771
01:54:44,587 --> 01:54:47,590
And it will happen again because people
like you and me want to be lied to.
1772
01:54:48,258 --> 01:54:50,218
We like bedtime stories.
1773
01:54:53,304 --> 01:54:56,975
I miss you like crazy,
and I love you, baby, and I'm sorry.
1774
01:55:41,352 --> 01:55:46,357
Bretton James, the rumor is that
he was shorting Keller Zabel stock
1775
01:55:46,441 --> 01:55:47,984
before he ended up acquiring it.
1776
01:55:48,234 --> 01:55:50,737
Why would he do that?
This is the rock star of Wall Street.
1777
01:55:50,820 --> 01:55:51,863
Did you hear about Bretton James?
1778
01:55:52,030 --> 01:55:55,074
CNBC will say he's hedging,
but if you ask me it's a fraud.
1779
01:55:55,241 --> 01:55:58,703
It's a tiny website. Who cares?
1780
01:55:59,078 --> 01:56:02,123
Gekko's daughter
and that smartass kid I fired, Moore.
1781
01:56:02,206 --> 01:56:05,501
What is this about the rumor that led
to Louis Zabel committing suicide?
1782
01:56:05,585 --> 01:56:08,630
Well, shorting his own company,
you can't bust him for that.
1783
01:56:08,713 --> 01:56:12,216
But they can get him for running false
rumors on Zabel, that's serious.
1784
01:56:12,300 --> 01:56:14,093
It's gone viral, Bretton.
1785
01:56:14,177 --> 01:56:16,971
Bloomberg has a summary out on it.
Reuters is playing the story big.
1786
01:56:17,055 --> 01:56:20,183
It's become legitimate. Congress is next.
1787
01:56:21,434 --> 01:56:23,561
This bank is bigger than you, Bretton.
1788
01:56:24,395 --> 01:56:27,231
We know
there's nothing illegal here, Jimmy.
1789
01:56:28,149 --> 01:56:29,233
Jack?
1790
01:56:32,737 --> 01:56:33,905
Julie...
1791
01:56:35,114 --> 01:56:36,949
Are you stupid or what?
1792
01:56:37,241 --> 01:56:39,911
Trading for your account in your position?
1793
01:56:40,495 --> 01:56:43,956
You pigged out, kid.
You were making a fortune here.
1794
01:56:44,207 --> 01:56:46,542
What the hell is wrong with you?
1795
01:56:47,460 --> 01:56:48,711
Come on.
1796
01:56:50,588 --> 01:56:52,298
So I double-dipped.
1797
01:56:52,632 --> 01:56:53,883
Who hasn't?
1798
01:56:53,966 --> 01:56:57,178
Now, in your time,
you must have done some things.
1799
01:56:57,929 --> 01:56:59,847
You're retiring, Julie.
1800
01:57:00,765 --> 01:57:02,934
Why don't you step up in front of this?
1801
01:57:03,226 --> 01:57:04,852
You can afford it.
1802
01:57:04,936 --> 01:57:06,688
I can still run this place
1803
01:57:06,771 --> 01:57:10,817
and make you more money
than you ever dreamed.
1804
01:57:13,569 --> 01:57:17,532
We both know
that's not going to happen, kid.
1805
01:57:26,499 --> 01:57:27,667
Julie.
1806
01:57:28,376 --> 01:57:30,461
Think about this, please.
1807
01:57:30,545 --> 01:57:32,463
You look for the birds.
1808
01:57:33,631 --> 01:57:36,217
They're going to help you, those birds.
You'll see. Good luck.
1809
01:58:06,247 --> 01:58:09,208
I don't wanna sound like a rooster
taking credit for the dawn,
1810
01:58:09,292 --> 01:58:13,421
but turning $100 million into $1.1 billion
1811
01:58:13,504 --> 01:58:16,299
in this market, takes some brains, right?
1812
01:58:17,175 --> 01:58:19,302
My GUYS are good.
1813
01:58:20,386 --> 01:58:23,681
And it's no wonder our new fund
is over-subscribed.
1814
01:58:24,557 --> 01:58:28,227
But for you,
I'm gonna initiate a third fund.
1815
01:58:29,520 --> 01:58:33,399
Because, frankly, Julie,
I couldn't be more excited about this.
1816
01:58:33,483 --> 01:58:36,652
To finally be in business
with you and your firm.
1817
01:58:39,363 --> 01:58:41,866
And us with you, Gekko.
1818
01:58:47,955 --> 01:58:48,956
Yeah.
1819
01:58:51,209 --> 01:58:53,711
What is the definition of insanity?
1820
01:58:55,087 --> 01:58:59,550
It's doing the same thing over and over
and expecting a different result.
1821
01:59:01,886 --> 01:59:04,931
By that standard, most of us are insane.
1822
01:59:05,014 --> 01:59:07,016
But not at the same time.
1823
01:59:08,267 --> 01:59:10,394
And on that basis we trust.
1824
01:59:12,146 --> 01:59:13,856
But can this way of life endure
1825
01:59:13,940 --> 01:59:17,235
if more and more people
are insane at the same time?
1826
01:59:18,903 --> 01:59:22,657
It becomes, as Gordon said, "Systemic."
1827
01:59:23,282 --> 01:59:24,408
Like cancer.
1828
01:59:27,036 --> 01:59:28,704
What happens then?
1829
01:59:31,040 --> 01:59:32,917
Like I said,
1830
01:59:33,000 --> 01:59:36,379
the mother of all bubbles
was the Cambrian Explosion.
1831
01:59:37,755 --> 01:59:40,675
And it happened by chance
over 500 million years ago.
1832
01:59:40,758 --> 01:59:43,261
- Louis Zabel, Bretton?
- Tell us about Louis Zabel.
1833
01:59:44,095 --> 01:59:46,764
- Come on. Come on.
- No!
1834
01:59:48,558 --> 01:59:51,686
Scientists will tell you
it was unprecedented,
1835
01:59:51,769 --> 01:59:53,104
it happened in a flash.
1836
01:59:56,107 --> 01:59:57,775
And from it,
1837
01:59:57,859 --> 02:00:01,445
suddenly the world had
millions of new species.
1838
02:00:01,529 --> 02:00:03,739
I'd love a coffee. So be in, like, 10.
1839
02:00:03,823 --> 02:00:05,533
- And from that...
- Where are you going?
1840
02:00:05,616 --> 02:00:06,868
...was born us.
1841
02:00:06,951 --> 02:00:07,994
Look at you!
1842
02:00:08,077 --> 02:00:09,078
The human race.
1843
02:00:09,161 --> 02:00:11,956
Mr. Schwartz, I hear you are leaving us.
1844
02:00:12,123 --> 02:00:14,333
No, that won't be soon enough.
1845
02:00:14,417 --> 02:00:16,294
Have you thought
about a timeshare in Florida?
1846
02:00:16,377 --> 02:00:17,920
I could hook you up in Boca.
1847
02:00:19,005 --> 02:00:20,798
Sit down, Mr. James.
1848
02:00:21,549 --> 02:00:25,678
Now, in that sense,
bubbles are evolutionary.
1849
02:00:25,845 --> 02:00:27,930
This is only a preliminary proceeding.
1850
02:00:28,014 --> 02:00:29,891
But I want you to know
you're under investigation
1851
02:00:29,974 --> 02:00:33,561
on accusations of tax evasion
and stock manipulation
1852
02:00:33,644 --> 02:00:37,565
through, among others,
an entity called Locust Fund.
1853
02:00:37,648 --> 02:00:40,818
Although, I want to first get
to the matter of Louis Zabel.
1854
02:00:40,902 --> 02:00:43,154
I see here that you cooperated
with this office
1855
02:00:43,237 --> 02:00:46,240
and with the federal authorities in 1988
1856
02:00:46,324 --> 02:00:49,827
when the investigations
of one Gordon Gekko began.
1857
02:00:49,911 --> 02:00:51,537
They kill excess.
1858
02:00:52,580 --> 02:00:54,498
They lean out the herd.
1859
02:00:55,166 --> 02:00:56,918
But they never die.
1860
02:00:58,002 --> 02:01:00,421
They just come back in different forms.
1861
02:01:10,097 --> 02:01:12,016
When they burst,
1862
02:01:12,099 --> 02:01:14,310
they give birth to a new day.
1863
02:01:28,991 --> 02:01:30,868
Always creating change.
1864
02:01:51,555 --> 02:01:53,224
Can I carry that?
1865
02:01:58,270 --> 02:02:00,398
You're not sleeping either?
1866
02:02:00,773 --> 02:02:02,775
He woke me up last night.
1867
02:02:06,570 --> 02:02:07,655
Yeah.
1868
02:02:08,406 --> 02:02:09,573
Can I?
1869
02:02:10,700 --> 02:02:11,909
Yeah.
1870
02:02:23,087 --> 02:02:24,255
There?
1871
02:02:24,922 --> 02:02:26,007
Yeah.
1872
02:02:33,556 --> 02:02:35,933
I just got off the phone with Dr. Masters.
1873
02:02:36,017 --> 02:02:37,435
- Yeah?
- Yeah.
1874
02:02:38,352 --> 02:02:39,895
Very happy man.
1875
02:02:40,563 --> 02:02:42,815
Renewed interests from investors.
1876
02:02:42,940 --> 02:02:44,775
Because of your story.
1877
02:02:45,359 --> 02:02:46,861
So, thank you.
1878
02:02:51,198 --> 02:02:52,950
I miss you, Winnie.
1879
02:02:54,410 --> 02:02:55,786
I miss you.
1880
02:02:58,748 --> 02:03:00,958
I don't know how to fix this.
1881
02:03:02,710 --> 02:03:04,170
Neither do I.
1882
02:03:06,630 --> 02:03:08,299
It's different now.
1883
02:03:08,382 --> 02:03:11,010
- What can I do? I mean, I...
- Nothing.
1884
02:03:12,970 --> 02:03:14,180
Nothing.
1885
02:03:24,148 --> 02:03:25,274
Thank you.
1886
02:03:26,067 --> 02:03:28,027
- Good night.
- Good night.
1887
02:03:33,282 --> 02:03:35,242
Where are you two going?
1888
02:03:47,421 --> 02:03:50,508
What, nobody around here
believes in comebacks?
1889
02:03:56,305 --> 02:03:58,349
Winn, I owe you something.
1890
02:03:59,809 --> 02:04:02,520
I don't want it. I never did.
1891
02:04:03,854 --> 02:04:05,439
No, I figured that.
1892
02:04:05,523 --> 02:04:09,443
But, you know,
when choosing between two evils,
1893
02:04:09,527 --> 02:04:14,365
I like to try the one
that I haven't tried before.
1894
02:04:16,158 --> 02:04:19,995
So I deposited a check of $100 million
1895
02:04:21,288 --> 02:04:23,874
made out to United Fusion.
1896
02:04:27,211 --> 02:04:30,506
From some offshore fund
no one needs to know about.
1897
02:04:32,049 --> 02:04:35,094
Wouldn't you say green
is the new bubble, Jake?
1898
02:04:44,645 --> 02:04:46,730
You two make a nice couple.
1899
02:04:54,530 --> 02:04:58,075
You know, Winn, human beings,
1900
02:05:00,578 --> 02:05:02,705
we got to give them a break.
1901
02:05:04,790 --> 02:05:06,584
We're all mixed bags.
1902
02:05:13,674 --> 02:05:14,717
But
1903
02:05:16,594 --> 02:05:18,179
my grandson,
1904
02:05:19,889 --> 02:05:21,223
and you...
1905
02:05:23,475 --> 02:05:26,812
And maybe, you know,
you'll let me be a father again.
1906
02:07:11,917 --> 02:07:14,169
What's the matter with you guys?
Come on, what's the matter?
1907
02:07:14,253 --> 02:07:16,046
You guys are like the last two
on a ship that is sinking.
1908
02:07:22,386 --> 02:07:23,554
That's pretty.
1909
02:07:23,762 --> 02:07:25,973
Isn't that a Cracker Jack box ring?
1910
02:07:26,073 --> 02:07:36,073
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