All language subtitles for Billions.S01E06.1080p.Bluray.x265-HiQVE

Previously on
Billions...

The key to bagging Axe
is "Dollar" Bill Stearn.

Bill Stearn bribed
a Pepsum researcher

for proprietary information
for a drug called Vaccarizine.

I want to put him on the rack
and stretch him until he gives us Axe.

The good news is this...
when you get out of there,

you're starting at $1.4, easy.

- Better news... I'll hire you.
- I'm staying.

Still, Wendy's
making things difficult for you.

Why is she still working?

We started to discuss it.

I've been working there
since before we were married

and long before you were in office.

Your value to the firm is absolute.

Stick with me.

I don't want to be
out of line,

but you might want to consider
recusing yourself from this case.

The conflict of interest...
it's gonna be an issue.

So what's the minimum
investment for family and friends?

I promised I wouldn't take any money
away from Axe.

What if he never finds out?

If they bring an action,

the whole strategy becomes
about leveraging a settlement.

I'd never settle.

- William Stearn, you are under arrest...
- Lawyer.

...for insider trading
and securities fraud.

- Lawyer.
- You have the right...

- Lawyer.
- ...to remain silent.

http://hiqve.com/

Go on ahead.
Right through there.

Hello?

You came.

Did I have a choice?

You always have a choice.

Come in.

It's been a weird couple of days.

Yeah.

Hello.

Did you strike a blow
for justice today, Mr. Rhoades?

I do believe we did.

You organized this

and then made sure I wasn't there
when it happened.

You're welcome.

Did you consider for a second
what that was gonna do to me?

Should I go?

- Yes!
- Yes.

Okay.

My name, my absence
when it happened

puts me under suspicion
there forever.

What should I have done?

Told you so that you could be there
for an arrest?

And if you had been there,
you'd be even more pissed off.

You don't think so, but I know it.

At least then they wouldn't
think I knew it was coming.

Oh, they all knew it was coming.

It's Judgment Day.

My office is taking an action,
and there's nothing

that you or anybody there
can do about it.

And when that action is finished,
it will be the end.

There will be nothing left.

So what they think of you,

you can see how that
might not matter so much.

It's my job.

You're beautiful and talented,
and I'm sure you'll land on your feet.

Fuck you.

Get Emi Kenyon back in here!

Hello?

Yesterday this company
came under attack

by an unscrupulous adversary

who will stop at nothing
to abuse the authority of the state,

take away our freedoms,

and close our doors forever.

And it left us all wondering
one thing:

what happens next?

"Dollar" Bill Stearn.

Stingiest multimillionaire on the planet.

Better get ready to pay full price.

Insider trading, securities fraud,
conspiracy, wire fraud.

- What are we up to?
- 12-year prison term.

Mm.

$9 million fine,
plus civil when it moves to SEC.

Jesus, that's pricey,
and that's just the beginning.

They came for "Dollar" Bill
yesterday,

but it was an attack on all of us.

- Right.
- Yeah, that's right.

- Right.
- Yeah.

And I feel it.
Do you?

Any one of us could be next.

We're with you, Bobby!

That's right!

Do you think this makes me happy, Bill?

You don't need to answer that.

- You happy, Bryan?
- Yeah, I...

Right?

It doesn't feel right.
It doesn't feel fair.

Why you?

Why are you sitting in that chair...

...and not somebody else?

Today...

we are standing at the precipice.

Today is one day after.

You have one chance to avoid a cell.

Give me Axelrod.

The day after Pearl Harbor,

everybody knew a Japanese invasion
would be coming.

Air-raid wardens.
Anti-aircraft artillery.

Cities blacked out.

Mothers and fathers
staying by their door

with baseball bats and kitchen knives,

bellies full of fear
of the invading hordes.

I know what he means to you.

I know you're a loyal man,
and I admire that.

But this is what you know.

You know he's crooked,
and you know he's going down.

But everyone was wrong.

What happened on American soil next?

Nothing.

That's right.

The invasion never came.

Turned out Pearl Harbor was the best

those sneak-attacking
motherfuckers had.

I have the men.
I have the tools.

I have the will.

Now, if it's not you,
it'll be someone else.

I'll go through your shop
one PM at a time,

pick up every piece of rotten fruit
and squeeze until the juice comes out.

You know.

You know.

So you can cooperate
and walk out of here free,

or you can go to jail
for no good reason.

You have one chance to make this deal.

A deal won't be on the table tomorrow.

What came next was a war

that unleashed the might ofAmerica.

What came next was a victory

that left us
as the most powerful nation on Earth.

Fuck, yeah!

No deal.

This company...

this company will not wait
for an uncertain future!

We will make our own future!

We will fight back hard!

We will mobilize the war machine!

And those who would
try to bring down our house

will see their own houses fall!

The case against my client
is entirely without merit.

Bill Stearn bribed a company official...

...in exchange
for material inside information.

It does not get any clearer.

He became friends with a farmer
working at a company he covers.

He was so moved by the plight
of that man's daughter

that he arranged transportation
and medical care for her.

Now, if you can convince
a jury of citizens

that paying to save the life
of a sick child

constitutes an illegal benefit,

then you should go ahead
and take us to trial.

My client has no interest
in cooperation,

no interest in a plea...

...and he does not recognize
your authority.

What the fuck does that mean?

Liquidate two percent of the fund
immediately.

That's our war chest.

$300 million. Nice rack.
Legal defense is paid for.

How many billions are out the door
at the first redemption?

You should gate the whole damn fund
before they start a run on...

We're fucked.

That's not the impression
you gave out there.

Pretty tough talk.

You think I'm overreacting?

I think open war isn't good.

- For who?
- For anyone.

I think your whole mentality
right now is a mistake.

You're not accepting that certain things
are out of your control.

Damn right I'm not.

And it's causing you
to lose more control.

If you want to get it back, if you
really want to survive this thing,

then you may need to set aside
the piece of you that's raging

and do something that makes you
a little uncomfortable.

He's not gonna flip?

No, he will, because you're gonna
make it happen, all of you.

Everything you have on him,
get underneath it.

Not the what, the why.

What motivates him.
Fears. Goals.

Scars.

He has a weak point, and we need
to twist a knife in it.

Is there something else?

Yeah, we know howAxelrod's
operation works.

He keeps himself insulated.

Is there a point you're trying to make?

Some random PM at Axe Cap
isn't gonna have the goods.

We need inner circle.
Bill Stearn is our best shot.

Is this something you think
I don't understand?

Hey, I just don't want Axe to walk away

with a fine
and a family office like Birch.

Is that what you think I'm doing?

No.

Axe is no ordinary billionaire.

He's not Steven fucking Birch.

He's an icon of the wealth of our age,

and he is a fraud.

So when he falls,
he's gonna hit the ground hard.

Skilling got 14 years for Enron.
I'm gonna beat that.

I just want to take this one to trial,
let the jury decide.

We're gonna put him in a cell,
and everyone is gonna see...

in Washington,
in the fucking press...

there's no better defender
of the public trust than this office.

They'll say Chuck Rhoades did that,
and no one is out of his reach.

You're damn skippy they will.

Lara.

You shouldn't be here.

Come in quickly.
I think they're watching the house.

They went through everything.

They broke Bill's home office...
the door, in half.

I mean, I was getting the key.
Look at this.

All our accounts are frozen.

They didn't even wipe their feet.

Sandy, stay strong, okay?

It's a difficult time for everyone.

You brought muffins?

This is your mortgage, property tax,

insurance, school tuition,
and that's for your foundation.

Everything is taken care of
for as long as this lasts.

Thank you.
Thank you so much.

You just shake it,
pour it right in there...

Ahh.

Here, want a taste?

It's like whiskey dipped
in milk chocolate.

Are we celebrating something?

Mm-hmm.

I want to apologize.

I was a big puckered asshole yesterday.

I had no right to talk to you that way.

I'll drink to that.

- Oh, wow.
- Right?

Yeah, the Taiwanese do it better
than the Scots these days.

How would you talk to me...

if you had a do-over?

What would you say?

I don't want to have this fight again.

Then let's not fight.
Let's talk.

No posturing, no bullshit.

Okay.

Right.

What do you want to know?

Why are you going after him so hard?

WhyAxe?

For the same reason
my office does anything.

He broke the law.
He cheated.

Then why you?

How many cases are you
this involved with personally?

I don't know.
Uh, four, five.

Why does this have to be one of them?

Why don't you recuse yourself?

- Out of the question.
- Why?

Because I owe it to my team.
I owe it to the public.

It's my responsibility to prosecute.

It doesn't have to be you.

Give the case to Bryan Connerty alone

or the Eastern District.

This case?

SEC, Eastern, State AG...

they have been whispering
about Axelrod for years, waiting.

I'm the one that stood up.

I'm the only one that did something.

This is an action against me.

Do you understand?

Do you?
Because this is bigger than you.

It's bigger than me.

He runs more money than
the GDP of a European nation.

He's untouchable,
and I have him dead to rights.

You may think you do, but you don't.

Really?
What makes you so sure?

Because...

I have never seen him like this.

He is digging trenches and laying wire,

and he will scorch the earth
under our feet.

- Tell me more about what he's doing.
- I can't go further.

And it's wrong of you to push.
I took an oath.

Me too.

And that's why I can't recuse myself.

Yes, you can.

You just won't.

Ah.

We've gone down this road
backwards and sideways.

Now we got to do it
on our hands and knees.

That's a fun image.

I don't even know
what we're looking for anymore.

He's got to be hiding something.

I've never seen anybody
so clean in his world.

Except for, you know,
the bribery and securities fraud.

Well, he might not think it's illegal.

And he might be right.

The courts keep moving the goalposts.

Yeah, I know what they tell themselves.

I've been to those Sohn conferences too.

"Capitalism is under siege."

All those guys think if you
can't prove they did the murder,

then they're not a killer.

Don't fucking kid yourself.

They're only players
'cause they've rigged the game.

Of course.

speaking Japanese

speaking Japanese

That's all I got.

Greedy or cheap, it's a fine line.

What are his greatest hits, Terri?

Uh, reusing paper towels.
One-dollar taco night at Acapulco's.

No Benz, no Audi,
just two identical Honda minivans.

Who the fuck has two minivans?

One in beige, one in... boring.

Nobody.

Nobody has two minivans.
That's it.

There's something there,
and we need to find out what.

We're gonna bleed out.

We'll be a family office
by the end of the year,

by SEC mandate or not.

We need to take action.

We need to cut through the chatter.

We need to get it out there.

Rhoades has no case.
He'll be laughed out of court.

You know that doesn't matter.

The smoke is enough to choke you.

- There doesn't need to be a fire.
- I don't accept that.

Why not embrace this?

We'll be a killer family office.

We can downsize the staff.

I can't stand
half the people here anyway.

Never.
I need outside capital.

Why?

You have billions in assets to invest
without a penny of outside money

and no one to answer to.

I'll be dead to the world.

I'll be called a cheat, humiliated.

Another rich dick playing the market
with his own money.

But you'll be the biggest dick.
And it's so much money.

Wags...

...what we need is a public endorsement,
from the prime brokers:

D-Bank, Citi, JP.

- All of them?
- No.

There's only one that matters:

Spartan-Ives.

And what would you want
Lawrence Boyd to say?

That he believes Axe Capital
to be a reputable company

and we're gonna continue
to do business together.

Yeah, that's never gonna happen.

Make it happen.

What about a dog whistle?

You're seen together, photographed,
Boyd's arm around you at the Met.

No, not fancy.

A game, at the stadium
or in his box at Barclays.

Boyd's touch is
the healing waters of Lourdes.

Cleaner than a maiden's honor.

Get me in those waters.

Both minivans registered to Bill Stearn

under the same group insurance policy.

But one of 'em...

EZ Pass records track it
all over New Jersey, never Connecticut.

Speeding ticket from 2013
led to the Saddle River address.

You went there?
This is for real?

We fucking got him.

601 Tanbark Trail.

That supposed to mean something?

How many days a week
do you stay over there?

I'm guessing 3.5.
He's very meticulous.

I try to be fair.

He tell you?

Bill Stearn has a second family.

Two kids with a mistress
in Saddle River, New Jersey.

He's a family man.

I want to know how the hell
you have the time

to bribe farmers,
manipulate the market,

and coach two travel baseball teams.

Timmy's in the spring.
Carson's in the fall.

I try to be fair.

I want to know,

how would Sandy react
if she heard this?

She must be very fragile
these days since your arrest.

Getting the photo stream in her in-box,

all those happy pictures
of you and Carson and Anna,

with a woman
ten years younger than her...

...well, that might just break her.

I knew you'd come with that.

I wrote a letter to my wife,
the whole story.

I just sent it.

You just blew up your family...

...for BobbyAxelrod?

I'm Keyser Söze, motherfucker.

Worst part of these sessions.

I've got a small bladder.

What is it with these guys?

What is it about the cult
of BobbyAxelrod

that makes them
want to immolate themselves?

You wouldn't understand.

You're a lawyer.
Persuade me.

You're at the mercy of politics.

Loyalty is a convenience.

People turn on each other
every election cycle.

You do your three or five
or ten years here,

then you flip to our side,
cash seven figures

from the same big funds
you're trying to bring down.

For true believers like you,
it's the worst

'cause you never see it coming.

That's the problem with being a cynic.
It blinds you.

You think everybody's as cynical as you.

Axe's guys, they're in it for life.

Bill Stearn couldn't walk down the street
if he sold out his friends.

Guys who talk in their world
may avoid a few years in a cell,

but they're dead forever.

See you soon, I guess...

when Chuck comes at Axe
with some lame fine,

because obviously you've got nothing.

No, not this time.

Not Axe.

This is personal for Chuck.

The whole city puts your boy
on a pedestal.

But he doesn't make anything.

He doesn't do anything.

He's nothing but a filthy money pig.

And I can see
why he'd want to make a deal,

because he knows we're coming,

and we will follow him
to the end of the fucking Earth

until he's walking in shackles.

You know you just work here, right?

- Lara, hi.
- Hi.

- How is everything?
- Great.

Yeah, you know, we should get
the kids together this Saturday.

Sure, at the Bancroft twins' party.

Right. The party.

In Montauk.

Yes, of course.
I forgot it was this weekend.

- Right.
- I'll see you there.

All right, I'll see you there. Bye.

Hey, take it easy!

You're at 120 feet per minute.
You're gonna blow an Achilles!

Ahh!

What's wrong?

I'll be right back.

Hey, I'm not getting anywhere
with Lawrence Boyd.

- The problem is...
- Solve it.

All those years of thought
and planning and calculation

that you and he put in are for nothing,

and there's a high probability
that it does go wrong.

So it's in both your interests to...

I'll have to call you back.

You took $250,000 out of the fund.

Why does it bother you?
I still have three million in.

Why'd you take it out?

It's my money.
I can do whatever I want with it.

Or can't I?

"Dollar" Bill earned
a $10-million bonus last year.

You know how much he took out?
Two grand.

You've known about this for weeks.

You're bringing it up now
because you want to know something.

- What is it you want to know?
- Why don't you take it all out?

I am not my husband.

And I am not going to be
the shuttlecock

that you two smack back and forth.

You two just sniffed each other one day
and decided you didn't like the smell.

So now you think you have to do
this thing, but you don't.

You don't have to do it.

"Dollar" Bill is hard, man.

Inspiring.

He makes me want to lose 30 pounds

and stockpile automatic weapons

to protect all my sister-wives.

Will he be exonerated?

It's the government.

If he is, it'll be in five years,
and no one will remember it.

Look, just because
he's not cooperating

doesn't mean they can't tie you
to Pepsum.

Doesn't mean they can't get you
on something else.

But we have an opportunity now
to broach a deal.

I'll never settle.

No.

Now's the time you drop that.

Chuck's guy, Connerty...

he's rattled.

They're weak.

And I think we could get a deal
that would be very, very good for you.

Look, guys try to sell me deals all day.

I decide when they're good.

The one I bring you will be the best one
that'll ever be on the table,

'cause that's what I do all day.

I see that.

And it won't really hurt you,
grand scheme,

other than emotionally.

It'll seem like a win to them,
and they stop.

Give them more time,
who knows what they'll find?

I didn't do anything

that anybody else
in my business doesn't do.

I just did it better.

And I will not tar myself
with an admission of guilt...

You wouldn't plead guilty.

Any success
that his bullshit investigation yields

is toxic.

He cannot just walk around
using rumor and hearsay

and destroy lives and businesses.

I won't allow it.
That needs to be the message.

He's got nothing.

Billionaires all over the world
are trying to bring me down every day.

This guy?
He can't even bring me to trial.

He has failed at his job.

Why the hell would I give him a win?

What win?

It's your win.

You go free.

You pay a fine,

get busted down to a family office.

That's nothing.

It's headed that way anyway, isn't it?

No!

Adam.

What brings you to our fair city, sir?

I'm giving the commencement
at Columbia Law.

Ah, I gave that speech two years ago.

- Hmm.
- You need some tips?

Hey, congrats on getting Steve Birch.

That's a solid double.

Axelrod...

that's bigger.

You speaking for the Attorney General,
or is this off the cuff?

I speak for everyone.

It's fund-raising season.

The administration needs
Wall Street money to compete.

Nobody wants this to look
like some kind of crusade.

I'm doing my job.
I don't think about what it looks like.

Well, the AG does.

I see.

We feel... or she feels
that your investigation is problematic,

given your personal connection
to Axe Capital.

I mean, the optics are bad.
That article...

Has no basis in fact.

The idea, the very concept
that I would be soft on Axe Capital

because my wife works there,

I'm going to erase that
very, very quickly.

I have.
An arrest was made.

Okay, so maybe you targeted
Axelrod because she works there,

which is fucked up.

First I'm too soft.
Now I'm too tough.

Uh, which is it, Goldilocks?

Both. Either. I don't care.
The point is, she works there.

That's what they're
gonna be writing about.

And Axelrod will be paying
an army of white-shoe lawyers

$1,000 an hour to come up
with a thousand different ways

to yell "conflict of interest."

This is my office.

I have broad discretion
to pursue any actions

exactly the way I see fit.

Of course.
The AG doesn't care about one case.

She's thinking globally here.

She's into movements, like a maestro.

But a lost case is still a wrong note.

I've never lost a case.

And I'm sure you won't lose this one.

But if that conviction
gets kicked on appeal

because you didn't
recuse yourself, well...

even if you win, you lose.

Does the Attorney General
want me removed?

She just wants you to be right.

You do what you're gonna do, Chuck.
Just be right.

I got to grab this.

Yes?

Fucking maestro.

Get ready to head
to Brooklyn.

Tonight's the night of your baptism
at the church of Barclays.

Lawrence Boyd
has invited you to his box.

Washed in the blood of the Lamb, baby.

How'd it go down?

Uh, maître d' at a place I go... had $1,000
on him to tell me when Boyd came in.

Sent over a '61 Château Latour
and picked up his dinner,

courtesy of BobbyAxelrod.

- Well played.
- I have my moments.

How you holding up?

My lawyer today told me
they don't have a case against me

but I should still settle.

Can you believe that?

Yeah.

I'm guessing you don't mean that
in a "fucking lawyers" kind of way.

I think you have the best fucking lawyers.

They know the law
like you know the market.

And if they're giving you
a piece of advice,

I think you should consider it.

Wow.

How does Chuck Rhoades
terrify everybody so much?

I don't give a shit about Chuck Rhoades.

I care about protecting this family.

We're gonna be pariahs.

The kids got uninvited
to the Bancroft party,

and nothing's even happened yet.

So if there is even close
to an easy way out of this,

I hope you would take it.

Since when do I take the easy way out?

This isn't some stock play.

It's no different.

It's all about tolerance and risk.

Look, you don't win,
you don't get to where I am

without tolerating a lot of risk.

We. Where we are.

This is real, Bobby.
You're risking our lives.

You could go to jail.
We could lose everything.

And you can make it all go away,
and you won't?

I can't. Not like that.

Why not?

Because I don't get on bended knee
and pledge fealty to the king.

It's not who I am.
It's not who you married.

Well, that's just fucking stupid.

The ground is shifting,
and you don't even see it.

Or you refuse to see it.

But if this were some stock play,
it wouldn't be about pride.

You'd have already cut your losses.

Lara, the ground is shifting
because I'm the one moving it.

Lawrence Boyd invited me
to his box today.

That tells the Street, tells the world

that my stock, our stock,
is about to rally

because Spartan-Ives
does not back a loser.

I got to go to work.

I know for a fact Garth Sykes
is dumping Axe,

moving over to Vista Verde.

So there is blood in the water.
It's a thing of beauty.

I guess the invisible hand of the market
is, uh, pushing him off a cliff.

I would kill for a window

into the panic
flowing through that place.

Charles, be sensitive.

Axe must take three sessions
just to make it through a day, huh?

Ugh, they're Neanderthals.

It's the hormones.
It makes their brains seem small.

It's all right, Ellen.
It is a difficult time.

And it's going to get worse
before it gets better.

I don't understand
why you can't smoke in the house.

I don't smoke.

You're not allowed to, you mean?

I pretty much do what I want.

Maybe not as much as you.

Getting him to take the plea deal...

that's the trick.

A big settlement that'll hurt him,

get him off of outside money.

What makes you think I would settle?

My desktop calendar.

A conviction could take years.

You don't want it to be your successor
that gets the credit.

No, I'll be on the podium for this.

Son, has your vision
of the future changed?

Or is it just my vision?

Because after...
after that short squeeze incident...

And I understand
that I put you in a bad position.

I understand that.

But your performance left me
more convinced than ever

of your greatness.

There is no high office in the land
you could not attain.

Okay, Dad, I appreciate...

But if you want that,

you have to think about things
in a certain way.

I didn't when I was younger,
and it cost me.

You can't allow yourself

to get drawn in to an unwinnable fight.

And I won't.

Victory will be swift, Dad.

No.

Be realistic.

This guy is gearing up
for trench warfare.

You've been talking to Wendy,
haven't you?

Well, you're the one
who's always telling me

that she has
your best interests at heart.

What the hell was that?

You've twisted my father
into carrying your water now?

He called.
I told him what I think.

He agreed with me.

That I should settle, huh?

Nice try.

You want me to think that, uh,
you're trying to save your job?

Really, you're trying
to save Axelrod.

I am trying to save you

and me and him and your father.

Do you trust me?

Just because I trust you
doesn't mean I think you're right.

Ask me anything.

Are you gonna open up
the book on Axe for me?

The whole way?

- What about the oath?
- What do you want to know?

What's he thinking right now?
What's he doing?

He's looking for a win.
Always.

He needs to find at least a small win
in every endeavor, every exchange.

What happens if he can't find one?

Then he'll play a different game,

with different rules,
ones you don't know,

no one knows, where...

he can make your loss
bigger than his loss.

A lose-lose scenario.

And that doesn't bother him?

Of course it does,
but Axe came from nothing.

So, unconsciously, he fears...

no, he may even expect
he'll have nothing again.

So he...

loves to put that same fear
into others...

...especially
if they're not familiar with it.

Like the Eads family.

The naming rights?
I heard about that.

But that's just
the part of him I know...

...that he's allowed me to see.

But you know him
better than anybody.

Well, I think I do, but I'm not
really sure anyone can.

He's most likely ahead of you...

...especially when it looks like he's not.

And if he does go down,
he will pull you down with him.

I'm not afraid to prosecute anybody.

Okay, it's not about that.

It's about you being your alpha self,
not letting him pull you out of your game.

That's his goal in all his deals:

get under their skin,
get them to make a mistake.

If this was a different case,
uh, at this stage,

I would pursue a plea agreement.

You would.

It's a cardinal rule:
you don't trust your career

in the hands of a jury
of 12 random crazy people

who might decide a case
based on a wink and a smile

and not the law,

which they can't fucking understand
in the first place.

Would he take a deal?

He'd settle if he thought it was a win.

If he thought he tricked you, even better.

The only deal with teeth

would have to take him
out of business forever.

That's the only deal he would never take.

Would he take a family office?
Would he admit guilt?

Why don't you ask his lawyer?

No, they have to come to me.

If they come to me,
then it's on my terms.

I can get him to come to you.

Are you sure?

Well, I mean, what if the Axe
we're dealing with now...

what if that's the part of him
you don't know about?

What happened?

Well, Lawrence Boyd
sent me the message.

He pissed right in my face.

Holy shit.
BobbyAxelrod!

Can I get a selfie?
I'll get mad followers on my Instagram.

He didn't show.

Room was full
of 20-year-old dipshits.

It was mailroom night.

Well, what the hell do we do now?

It's worse than I thought.

That's why we're standing here.

I didn't think it would go like this,

this fast.

What's the counter?

It's easy.

Rhoades is vulnerable, exposed.

Conflict of interest.

Wendy.

I make it look like she's involved.

Fraud, embezzlement.

Or maybe she's having an affair...

with Bill Stearn.

With you, even.

Watch how fast the case goes away.

I'll let you know.

He's working out of the office today.

Will you tell him I need to talk?

In person.
It's important.

Of course.

You're gonna give him a deal?
You're gonna fucking let him walk?

If Axelrod comes to the table,
we'll see what we can get.

It's the smart way to go.

That's not what you said two days ago.
What happened?

I changed my mind.

Aw, this is fucking Birch
all over again.

I didn't come here
and sacrifice real money

to let these guys write
their own "get out of jail free" cards.

Was it all just bullshit posturing?

- Why?
- Because you don't have him!

Give me more time...

...and I will build this case

into a fucking guillotine
and drop the blade.

It's too late.

We went into his house,
and, uh...

we shit the bed.

Every day I don't bring charges,
we lose leverage,

and the deal gets better for him.

So, uh, take the rest of the day off.

Or better yet, wait by the phone
for his people to reach out.

Hello, Wendy.

Have we met?

No. And we still haven't.

If you want to talk to him, get in.

Where are we going?

We have to take precautions.

There's a protocol.

It's been a weird couple of days.

Yeah.

It's hard to be sure about anything...

...anyone.

I understand.

I need to understand something too.

That's why we're sitting here like this.

No one listening but us.

Have I won your trust?

What do you want to understand?

Why are you sticking around?

I am interested in what
that question means to you.

- I want to know...
- No, I know.

You just want to hear my answer.

I'm not gonna tell you I'm staying
because you need me.

Even though you do, more than ever.

And I'm not gonna tell you
I'm here for my patients

or because I love my job,
even though I do love my job.

And your collection
of insecure egomaniacs

would lose a billion a year

if I didn't keep their heads straight.

And I am not going to tell you
I'm here spying for Chuck,

because you know
that's total fucking nonsense.

The answer...

My answer is, I'm here for me.

Because I built this company
just as much as you did.

- That's a bold statement.
- That's a true statement.

I put you back together again

when your whole world burned.

And I found meaning in that.

I still do.

I'm not happy here, not always,

not now.

But meaning matters more
to me than happiness.

And I am in this water...

...because I don't want to see you
throw it all away when you don't have to.

I know.

And I don't want us to lose you.

I want to make a deal.

- Will he make one?
- Yes.

Will I be able to live with it?

That's up to you.

That has nothing to do with the deal.

How do you feel?

Like somebody else.

What am I gonna say about it?

That I did the right thing.

For all of us.

Adam, hi.

Uh, just wanted to thank you
for stopping by the other day.

I thought about what you said,

and I'm not gonna recuse myself.

Well, that's unfortunate.

I believe the Greeks
call that "hamartia."

I disagree, because I'm not gonna lose,
and there will not be an appeal.

Axelrod surrendered.

What? A deal?

Mm-hmm.

Yeah, we have a deal on the table,

a termination, a plea,
and $1.9 billion.

Biggest insider fine ever paid.

Anyway, thanks again.

Give my regards to the maestro.

You got it, Chuck.
Good job.

Your father's still holding
on the other line.

Dad, hello.

Chuckie boy, I heard.
I heard you took him down.

I'm, uh... I'm smoking a cigar
for you right now...

as soon as I get outside.

I'm not supposed to in the house

now that your mother
heard Wendy's rule.

But congratulations!

Yeah, we're quite happy
with the terms.

- Well, it's the smart play.
- Yeah.

And even as a kid,
you would never get into a fight

unless you knew you could win it.

Oh, do you remember that Mintz boy?

He was a head taller than you,
probably could've made you eat dirt.

And he left that ball field
thinking you were best friends.

Okay, Dad, I got to go.

And then I made sure
he didn't get into Dalton.

Good-bye!

Highest fucking fine ever levied,
$1.9 billion.

We got everything we wanted.

Family office. Sure.

Yeah.

That's worse than the fucking fine.

The money, I can get back,
but not my name.

We'll petition for reinstatement
after Rhoades leaves.

After the White House turns over,
we'll get it.

You'll be managing outside money again
within five years.

That's five years I'll never get back.

Where's the silverware?

No, it's, uh... it's Ethiopian.

I got you extra injera,
and, uh, you use your hands.

This is an opportunity
to be here with us.

Step it up, Ben Kim.

Step it up.

Sorry.

I'll go get some.

Do you have it?

Right here.

Uh, there's one other thing.

I do not like other things.

I sensed a possible waffle
on the specifics of the plea.

Connerty did commit to a no-guilty plea

but said he would have to reconfirm
with Rhoades.

What could they come with?

At worst, the company
will have to plead guilty to conspiracy.

- Fuck.
- Penalty is the same.

An admission of guilt?

If they put that
in front of me tomorrow,

I don't think I can sign it.

It's gonna be okay.

They're coming up.

You've been briefed
by your lawyers, Mr. Axelrod.

We'll try to get you out of here
as soon as possible.

"As part of the proposed
global resolution,

the defendant agrees
to an aggregate financial penalty

of $1.9 billion,

to the termination
of their investment advisory business,

and...

the company agrees to plead guilty
to conspiracy."

Do we have a deal, Mr. Axelrod?

Okay.

Okay.

Axe Capital accepts
such a penalty as fair,

reasonable, and adequate
within the limitations

Congress has imposed
on federal regulators

to recover investor losses.

Bryan...

...didn't he say
that he would never settle?

That's what he's been saying.

You know, out there,
you guys always talk so tough,

but you always end up in here.

Why is that?

Because he knows he's a crook.

Innocent people
would never take a hit like that.

Beyond the pale.
My client...

You got me, Rhoades.

$1.9 billion.

It's gonna hurt.

But not like a shark bite.

It's more like a... a what?
A bee sting.

Bee sting? No, that hurts.
More like a horsefly.

One of those little green horseflies?

Yeah, a nasty nip.

No, more like an ant, like a red ant.

Yeah, yeah. Stings for a minute
but doesn't ruin the picnic.

"Plea agreement is subject
to judicial approval,

pursuant to Rule 11

of the Federal Rules
of Criminal Procedure."

Actually, it's good
to get past this stuff.

You know, just get it out of the way.

Yeah, we can make
that $1.9 back in, what, eight months?

Six.

The termination
ofAxe Capital's advisory business

closes the fund to outside investors.

Yeah, you can score that one
for the superstars over at the SEC.

As a family office,

Mr. Axelrod can invest
his personal assets...

No.

No family office.

Lifetime ban.

Put the money in a trust, fine,

but you never trade securities again.

Not for institutions,
not for individual investors,

not even for yourself.

What the fuck just happened?

♪ End of passion play ♪

♪ Crumbling away ♪

♪ I'm your source of self-destruction ♪

- Pull over.
- ♪ Veins that pump with fear ♪

♪ Sucking darkest clear ♪

♪ Leading on your death's construction ♪

♪ Taste me, you will see ♪

♪ More is all you need ♪

♪ Dedicated to how I'm killing you ♪

♪ Come crawling faster ♪

♪ Obey your master ♪

♪ Your life burns faster ♪

♪ Obey your master ♪

I heard.

How did it happen?

The moment came,
and, uh, Axe blew a gasket.

Took down the whole meeting.

Tore the check up into tiny pieces.

I thought he might trash the room
on his way out.

Christ.

We're back to this.

No, it's fucking worse.

I c... I can't live in the middle and...

You won't.

I've decided,
for the good of our marriage,

I'm not gonna be part
of the case going forward.

- Really?
- Mm-hmm.

I've recused myself.

I already notified Washington.

- I am proud of you.
- Mm.

Looking past yourself.

Seeing the bigger picture.
Five years ago, you wouldn't have.

That is substantial fucking growth.

I got to go walk the dog.

I'll be back.

Thanks for coming out so late.

Always.

You're a goddamn hero for standing up
to those pricks today.

Okay.

You can count on me
to finish what you started.

I'm all in.

And I'm gonna put a hurt on him
that he can't buy his way out of.

Good.

I want you to keep me in the loop
about what you're doing.

But you're recusing yourself.

I'm still gonna need you
to keep me informed.

Then you're not really recused.

I am, officially.

There can't be any trail back to me.

No documents,
no email chains, no witnesses.

We only talk behind closed doors.

I can handle this case on my own.

Of course you can,
but the gloves are off.

We do whatever it takes.

♪ Master of puppets,
I'm pulling your strings ♪

♪ Twisting your mind
and smashing your dreams ♪

♪ Blinded by me, you can't see a thing ♪

♪ Just call my name,
'cause I'll hear you scream ♪

♪ Master, master ♪

♪ Just call my name,
'cause I'll hear you scream ♪

♪ Master, master ♪

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