1
00:00:00,097 --> 00:00:02,296
- You know how I look at you?
- How?

2
00:00:02,398 --> 00:00:03,864
As a guy who doubled my money in six years.

3
00:00:03,966 --> 00:00:06,734
$388,693,119.

4
00:00:06,836 --> 00:00:08,636
Total of cash accounts as
of 9:00 a.m. this morning.

5
00:00:09,872 --> 00:00:11,639
Irving trusted you.

6
00:00:11,741 --> 00:00:13,641
Dad, why won't you just let us in?

7
00:00:13,776 --> 00:00:15,109
I'll know when you're ready.

8
00:00:15,211 --> 00:00:17,244
Have you ever heard of Bernard L. Madoff?

9
00:00:17,346 --> 00:00:18,866
Yeah, sure. He's got a good reputation.

10
00:00:18,948 --> 00:00:20,181
In his investment firm,

11
00:00:20,283 --> 00:00:21,615
only 4% of his months are down months.

12
00:00:21,718 --> 00:00:23,278
Are you saying he's insider trading?

13
00:00:23,352 --> 00:00:25,286
I'm accusing him of running a Ponzi scheme.

14
00:00:25,388 --> 00:00:26,887
We got a problem, Bernie.

15
00:00:26,989 --> 00:00:28,656
They had all kinds of questions

16
00:00:28,758 --> 00:00:30,591
about how you handled their money.

17
00:00:31,294 --> 00:00:33,961
How long are you people gonna be here, huh?

18
00:00:34,063 --> 00:00:35,063
You're sick, aren't you?

19
00:00:35,164 --> 00:00:36,897
- Mantle cell lymphoma.
- Ohh.

20
00:00:36,999 --> 00:00:38,666
The most humiliating moment

21
00:00:38,768 --> 00:00:41,368
they could choose to take me down...

22
00:00:41,471 --> 00:00:43,337
at my own niece's wedding.

23
00:00:45,640 --> 00:00:48,689
_

24
00:00:49,112 --> 00:00:51,078
♪ Hava nagila, hava ♪

25
00:00:51,180 --> 00:00:53,180
My own niece's wedding.

26
00:00:53,282 --> 00:00:56,784
This was the moment they'd
chosen to take me down.

27
00:00:56,853 --> 00:01:00,588
Those smug, sniveling SEC agents.

28
00:01:00,690 --> 00:01:04,925
Nothing better to do than
to try to humiliate me.

29
00:01:05,027 --> 00:01:06,460
I was 13 years old

30
00:01:06,562 --> 00:01:09,764
when my dad's sporting-goods
business went bankrupt.

31
00:01:09,866 --> 00:01:12,800
My dad's failure was humiliating.

32
00:01:12,902 --> 00:01:15,870
But it was the look on
our neighbors' faces...

33
00:01:15,938 --> 00:01:19,840
the look of pity... that was unacceptable.

34
00:01:21,210 --> 00:01:23,210
And I made a vow to myself that day

35
00:01:23,312 --> 00:01:25,713
that nobody would ever
look at me like that.

36
00:01:25,815 --> 00:01:27,148
I was gonna make more money

37
00:01:27,250 --> 00:01:29,517
than anyone in Laurelton
could even imagine.

38
00:01:29,652 --> 00:01:31,786
They weren't just gonna respect me.

39
00:01:31,821 --> 00:01:34,755
They were gonna honor me.
They were gonna admire me.

40
00:01:34,857 --> 00:01:38,058
Nobody would ever pity Bernie Madoff.

41
00:01:39,262 --> 00:01:43,697
How would my family look at
me when the SEC arrested me?

42
00:01:43,766 --> 00:01:46,333
Could I hold my head up high?

43
00:01:46,435 --> 00:01:49,136
Would I still be the magician?

44
00:01:49,205 --> 00:01:52,740
This was my worst nightmare coming true.

45
00:01:52,809 --> 00:01:54,275
Mr. Madoff?

46
00:01:54,377 --> 00:01:55,377
Mr. Madoff.

47
00:01:55,444 --> 00:01:56,310
Yeah.

48
00:01:56,412 --> 00:01:57,478
Uh, David Green.

49
00:01:57,580 --> 00:01:59,079
Yeah.

50
00:01:59,182 --> 00:02:00,648
SEC lawyer.

51
00:02:00,750 --> 00:02:02,950
So, how's life?

52
00:02:03,052 --> 00:02:04,752
How do you mean?

53
00:02:04,854 --> 00:02:09,156
Um, well, I think life's
a pretty funny business.

54
00:02:10,326 --> 00:02:12,693
I'm gonna go get my wife.

55
00:02:13,796 --> 00:02:18,799
Unless you have something else to tell me.

56
00:02:26,776 --> 00:02:29,276
Actually, I do.

57
00:02:32,114 --> 00:02:34,181
And that is?

58
00:02:36,485 --> 00:02:38,185
Congratulations.

59
00:02:39,689 --> 00:02:40,689
On what?

60
00:02:40,756 --> 00:02:42,289
Oh, they didn't tell you yet?

61
00:02:42,391 --> 00:02:45,059
Cat's out of the bag now, I guess.

62
00:02:45,161 --> 00:02:47,228
Uh, they cleared you.

63
00:02:47,296 --> 00:02:51,665
You still have to register
as an adviser, but that's it.

64
00:02:51,767 --> 00:02:54,235
It's over.

65
00:02:54,337 --> 00:02:57,071
Congratulations on your niece's wedding.

66
00:02:57,173 --> 00:02:59,573
One phone call.

67
00:02:59,642 --> 00:03:01,342
"Hello, DTC?

68
00:03:01,444 --> 00:03:02,610
What do you mean,

69
00:03:02,712 --> 00:03:04,745
there are no securities
in the Madoff account?"

70
00:03:04,847 --> 00:03:06,480
That's all they had to do.

71
00:03:06,582 --> 00:03:08,582
A secretary could have done it!

72
00:03:08,684 --> 00:03:12,720
And the financial-enforcement
arm of the Federal government

73
00:03:12,822 --> 00:03:18,826
of the greatest nation on Earth
simply never made the call.

74
00:03:22,387 --> 00:03:25,263
Synced and corrected by VitoSilans
- www.addic7ed.com -

75
00:03:25,368 --> 00:03:27,001
That's all they did...

76
00:03:27,103 --> 00:03:29,837
made him register as an investment manager?

77
00:03:29,939 --> 00:03:31,138
You realize, don't you,

78
00:03:31,240 --> 00:03:33,741
that's like sending Ted
Bundy to traffic school.

79
00:03:33,843 --> 00:03:36,277
O-okay, h-how about this, Ed?

80
00:03:36,379 --> 00:03:39,513
You talk to your bosses
about sending me undercover

81
00:03:39,615 --> 00:03:41,148
into Madoff Securities,

82
00:03:41,217 --> 00:03:44,218
as some sort of special
operative for the SEC?

83
00:03:44,320 --> 00:03:45,552
That way, we ca...

84
00:03:45,655 --> 00:03:47,888
No. W-w-why?

85
00:03:47,990 --> 00:03:51,158
No, l-listen to me, Ed.
I'll report directly to you.

86
00:03:51,260 --> 00:03:53,928
That way, we can penetrate
head-on this thing

87
00:03:54,030 --> 00:03:55,129
and break it open.

88
00:03:55,231 --> 00:03:56,563
I've thought about this.

89
00:03:56,666 --> 00:03:57,898
I've done the work, Ed.

90
00:03:58,000 --> 00:03:59,000
Listen...

91
00:03:59,035 --> 00:04:00,035
Okay, don't hang up.

92
00:04:00,136 --> 00:04:01,168
Don't hang up, Ed.

93
00:04:04,740 --> 00:04:06,540
Tonight, the Federal Reserve Board

94
00:04:06,642 --> 00:04:09,443
cuts interest rates for the
first time in four years.

95
00:04:09,545 --> 00:04:11,679
The Fed hopes to stimulate the economy.

96
00:04:11,781 --> 00:04:14,381
Well, the move certainly
stimulated Wall Street.

97
00:04:14,450 --> 00:04:20,087
Stocks closed up 336 points on
the best trading day since 2003.

98
00:04:20,189 --> 00:04:22,589
My fund was stronger than ever.

99
00:04:22,692 --> 00:04:24,725
I'd kept my family safe.

100
00:04:25,962 --> 00:04:29,863
So what was this feeling
in the pit of my stomach?

101
00:04:49,952 --> 00:04:51,685
Let us all say amen.

102
00:04:51,787 --> 00:04:53,053
Amen.

103
00:04:56,025 --> 00:04:59,360
Heya, Peter. How you doing?

104
00:05:00,863 --> 00:05:02,496
Thanks for making some time.

105
00:05:02,598 --> 00:05:06,200
I know things have been
rough with Roger's passing.

106
00:05:06,302 --> 00:05:07,801
All you got to do

107
00:05:07,903 --> 00:05:13,140
is sign 'em where they're marked

108
00:05:13,242 --> 00:05:15,376
and, uh, here... use these.

109
00:05:15,478 --> 00:05:16,877
Alternating randomly.

110
00:05:20,049 --> 00:05:21,049
What for?

111
00:05:21,050 --> 00:05:22,983
Different colors, different inks.

112
00:05:25,821 --> 00:05:27,888
Frank, these are from different years.

113
00:05:27,990 --> 00:05:29,456
Peter, you got questions,

114
00:05:29,592 --> 00:05:32,059
you should really take
'em up with your brother.

115
00:05:32,194 --> 00:05:34,928
In the meantime...

116
00:06:05,261 --> 00:06:08,062
My question is about sin.

117
00:06:09,565 --> 00:06:12,633
Is it possible to sin a little,

118
00:06:12,735 --> 00:06:15,702
but still be essentially good?

119
00:06:15,805 --> 00:06:16,805
Hmm.

120
00:06:16,806 --> 00:06:18,572
So, is it like having a cold?

121
00:06:18,674 --> 00:06:20,507
Someone asks how are you feeling,

122
00:06:20,609 --> 00:06:22,476
you can say, "I'm a little sick?"

123
00:06:22,578 --> 00:06:25,279
Yes, exactly.

124
00:06:26,282 --> 00:06:28,215
The Hebrew word for sin is "het."

125
00:06:28,284 --> 00:06:32,886
And it comes from archery,
and it means "to go astray."

126
00:06:32,988 --> 00:06:35,489
An arrow that misses its mark is het.

127
00:06:35,558 --> 00:06:38,492
So, if we think of a bull's-eye,

128
00:06:38,561 --> 00:06:41,228
a-an arrow can be dead center,

129
00:06:41,297 --> 00:06:45,199
or it can be way out on
the edge, almost astray,

130
00:06:45,267 --> 00:06:49,803
but still a bull's-eye, still
grounded in righteousness.

131
00:06:49,905 --> 00:06:52,072
But if it does go astray,

132
00:06:52,141 --> 00:06:56,176
do you think it matters if
it's by a little or a lot?

133
00:06:57,179 --> 00:06:58,812
I'm no marksman, Peter,

134
00:06:58,881 --> 00:07:02,783
but it seems to me that
if you miss, you miss.

135
00:07:04,253 --> 00:07:05,986
Yes.

136
00:07:08,591 --> 00:07:10,057
Yes.

137
00:07:12,161 --> 00:07:15,095
Some of the Swiss, Bernie,
they're asking questions.

138
00:07:15,164 --> 00:07:16,997
And these questions are about...

139
00:07:17,099 --> 00:07:18,365
One of the Steiner brothers

140
00:07:18,467 --> 00:07:20,267
fancies himself a budding economist.

141
00:07:20,369 --> 00:07:21,502
Ah.

142
00:07:21,604 --> 00:07:24,671
He says he's confused why
the volume of trading you do

143
00:07:24,773 --> 00:07:27,374
doesn't seem to impact the options market.

144
00:07:27,510 --> 00:07:30,677
I see. And what did you tell him?

145
00:07:30,779 --> 00:07:33,947
That if you're good enough
for the world's biggest banks

146
00:07:34,016 --> 00:07:35,382
to build derivatives on,

147
00:07:35,484 --> 00:07:37,684
you should be good enough for him.

148
00:07:37,786 --> 00:07:40,320
It's very courteous of you, Vera.

149
00:07:40,422 --> 00:07:43,590
But you shouldn't have
to come to my defense.

150
00:07:43,692 --> 00:07:45,092
Put him in touch with me.

151
00:07:45,194 --> 00:07:48,362
I would be more than happy to
discuss these things with him.

152
00:07:48,464 --> 00:07:50,731
And if he's not entirely satisfied,

153
00:07:50,799 --> 00:07:54,101
I would be happy to release
his family's investments

154
00:07:54,203 --> 00:07:55,435
from the fund.

155
00:07:55,538 --> 00:07:57,437
And once you're out of the fund,

156
00:07:57,540 --> 00:07:59,506
there's no coming back, is there?

157
00:07:59,608 --> 00:08:02,543
That's entirely correct.

158
00:08:10,003 --> 00:08:11,003
There you are.

159
00:08:11,104 --> 00:08:13,004
Hi. Honey.

160
00:08:13,106 --> 00:08:14,605
God, I'm glad you could come.

161
00:08:14,641 --> 00:08:16,374
This is nice, meeting my mom

162
00:08:16,442 --> 00:08:18,476
in her special place in the park.

163
00:08:18,578 --> 00:08:20,678
This is where you go to hide from Dad, huh?

164
00:08:20,780 --> 00:08:22,146
Yeah.

165
00:08:22,248 --> 00:08:23,781
So, what's up?

166
00:08:23,917 --> 00:08:26,184
What's up? Why does anything have to be up?

167
00:08:26,286 --> 00:08:27,418
I miss seeing you.

168
00:08:27,520 --> 00:08:29,654
God, you're so busy these days, huh?

169
00:08:29,756 --> 00:08:31,856
That's good. I'm glad.

170
00:08:35,895 --> 00:08:38,062
Andy, you know, I know that it often seemed

171
00:08:38,164 --> 00:08:39,730
that I put your father first.

172
00:08:39,832 --> 00:08:41,365
- Mom, you don't have to...
- Quiet.

173
00:08:41,434 --> 00:08:43,301
I'm doing the talking now.

174
00:08:43,369 --> 00:08:45,970
It's just that you were always so easy.

175
00:08:46,005 --> 00:08:48,472
Even as a baby, you were so reserved.

176
00:08:48,541 --> 00:08:52,843
You just watched everything.

177
00:08:55,281 --> 00:08:56,581
Yeah.

178
00:08:56,649 --> 00:09:00,551
Mark, God, sometimes I think
he never stopped breastfeeding.

179
00:09:00,620 --> 00:09:01,652
Ah.

180
00:09:01,754 --> 00:09:04,322
He was always... always
wanted my attention.

181
00:09:04,390 --> 00:09:05,756
He sought me out.

182
00:09:05,825 --> 00:09:08,226
So, all... all I wanted to say, honey,

183
00:09:08,328 --> 00:09:11,696
is that I want you to feel
that you can reach out to us.

184
00:09:11,764 --> 00:09:14,365
We want to be there for you.
I want to be there for you.

185
00:09:14,467 --> 00:09:16,033
Is this 'cause I'm sick?

186
00:09:16,102 --> 00:09:17,268
- No. No.
- Mom, it's okay.

187
00:09:17,337 --> 00:09:18,402
- It's not.
- It's fine.

188
00:09:18,471 --> 00:09:19,971
I'm okay with it, actually.

189
00:09:20,039 --> 00:09:22,106
I think it's kind of nice.

190
00:09:23,977 --> 00:09:25,443
Look, here's how I see it.

191
00:09:25,478 --> 00:09:26,711
Illness isn't just a curse.

192
00:09:26,813 --> 00:09:27,845
It's an opportunity.

193
00:09:27,947 --> 00:09:30,147
Well, I don't understand.

194
00:09:30,250 --> 00:09:31,582
Well, you want to know

195
00:09:31,651 --> 00:09:34,318
why I always kept to myself so much, right?

196
00:09:34,387 --> 00:09:38,222
It was because it was never
going to matter what I did.

197
00:09:38,291 --> 00:09:40,791
I was always gonna be in
the shadows, regardless.

198
00:09:40,860 --> 00:09:42,526
I was always gonna be Bernie's kid.

199
00:09:42,629 --> 00:09:44,762
Son of the great, wise man.

200
00:09:44,831 --> 00:09:46,864
Then all three of us would be working

201
00:09:46,966 --> 00:09:48,699
up there in that marble tube.

202
00:09:48,768 --> 00:09:51,335
It's always been deeper
and deeper in the shadows,

203
00:09:51,404 --> 00:09:52,703
my whole life.

204
00:09:52,772 --> 00:09:55,339
Honey, people don't see you
the way you see yourself.

205
00:09:55,408 --> 00:09:57,008
Maybe not, but here's the thing...

206
00:09:58,711 --> 00:10:01,312
for the first time ever, it doesn't matter.

207
00:10:04,550 --> 00:10:06,450
The cancer treatment.

208
00:10:06,552 --> 00:10:09,020
The woman I love.

209
00:10:10,857 --> 00:10:14,125
For the first time ever, I
have things that are mine,

210
00:10:14,160 --> 00:10:17,428
things that don't have anything
to do with being a Madoff.

211
00:10:18,564 --> 00:10:21,966
Even if the cancer kills me, it'll be mine.

212
00:10:22,969 --> 00:10:25,136
Just mine.

213
00:10:36,316 --> 00:10:38,883
It has been a harrowing 48 hours

214
00:10:38,951 --> 00:10:40,518
in global financial markets.

215
00:10:40,620 --> 00:10:43,154
Foreign investors have been selling stocks

216
00:10:43,256 --> 00:10:44,855
at a frenzied pace.

217
00:10:44,924 --> 00:10:46,791
This morning, it looked
like that tidal wave

218
00:10:46,893 --> 00:10:48,292
was headed for the U.S.

219
00:10:48,394 --> 00:10:50,294
There's no getting around it, Bernie.

220
00:10:50,363 --> 00:10:53,331
The rumors at Bear Stearns
are having a real impact.

221
00:10:53,433 --> 00:10:55,666
Could you imagine if Bear was to fail?

222
00:10:55,768 --> 00:10:58,369
What's the bottom line? For my fund?

223
00:10:58,471 --> 00:11:00,037
Well, there would be some leakage,

224
00:11:00,106 --> 00:11:02,106
but the good news is
it's individual investors.

225
00:11:02,208 --> 00:11:05,076
Some of those clients will probably leave,

226
00:11:05,178 --> 00:11:08,346
but the charities,
endowments, the pension funds,

227
00:11:08,414 --> 00:11:11,015
they don't move their money
unless the world is gonna end.

228
00:11:11,084 --> 00:11:12,950
You're not answering my question.

229
00:11:13,019 --> 00:11:15,252
What's the bottom line?

230
00:11:15,355 --> 00:11:18,055
Under $300 million.

231
00:11:21,694 --> 00:11:24,628
Okay, probably three to five,

232
00:11:24,731 --> 00:11:28,065
depending on how things work out.

233
00:11:28,167 --> 00:11:29,533
Ugh.

234
00:11:29,602 --> 00:11:31,302
Where are they taking this money?

235
00:11:31,371 --> 00:11:34,472
They're not going anywhere.
They don't trust anything.

236
00:11:34,574 --> 00:11:36,173
They're just going to cash.

237
00:11:36,242 --> 00:11:40,277
But they all ask the same
question before they pull out...

238
00:11:40,346 --> 00:11:42,646
"How does Bernie make a profit

239
00:11:42,715 --> 00:11:46,250
when everyone else in the
world is taking a bath?"

240
00:11:46,352 --> 00:11:47,818
And you tell them what?

241
00:11:47,854 --> 00:11:50,054
I tell them, Bernie,
what I always tell them.

242
00:11:50,123 --> 00:11:51,222
You're a magician.

243
00:11:51,324 --> 00:11:53,157
That's it? That's not enough.

244
00:11:53,226 --> 00:11:56,894
You've got to reassure them
that this system is not falling.

245
00:11:56,963 --> 00:11:59,530
The government will not let that happen.

246
00:11:59,632 --> 00:12:02,066
They said so... too big to fail, huh?

247
00:12:02,168 --> 00:12:03,200
Huh?

248
00:12:03,269 --> 00:12:07,271
I can ride this market.
I know how to do that.

249
00:12:07,340 --> 00:12:09,340
I can make your investors rich.

250
00:12:09,442 --> 00:12:10,741
Okay.

251
00:12:10,843 --> 00:12:13,277
I'll do my best.

252
00:12:18,584 --> 00:12:21,152
Oh, no. No, no, no, no, no.

253
00:12:21,220 --> 00:12:24,188
You've got to... you've
got to twist each one

254
00:12:24,257 --> 00:12:26,624
on a slight upward... that's right.

255
00:12:26,726 --> 00:12:29,493
Are you taking anything for your back?

256
00:12:29,562 --> 00:12:32,997
I want you to... just clean up my desk.

257
00:12:33,065 --> 00:12:34,732
- I can't do it today.
- So...

258
00:12:34,767 --> 00:12:36,233
You start with the computer.

259
00:12:36,269 --> 00:12:38,235
Yeah, I've been wanting to
talk to you about something.

260
00:12:38,337 --> 00:12:42,306
Um... It's awkward.

261
00:12:42,408 --> 00:12:44,308
Maybe even a little unprofessional.

262
00:12:44,410 --> 00:12:47,077
What is it?

263
00:12:47,113 --> 00:12:49,814
As you know, my... my father died recently.

264
00:12:49,916 --> 00:12:52,683
And he left me some money.

265
00:12:52,785 --> 00:12:54,018
How much?

266
00:12:54,086 --> 00:12:57,388
$150,000.

267
00:12:57,457 --> 00:12:59,590
I know that's pennies to you,

268
00:12:59,659 --> 00:13:01,792
but it's a lot of money to me.

269
00:13:01,894 --> 00:13:04,762
And I don't know what to do with it.

270
00:13:04,797 --> 00:13:09,433
Well, you want to put
the $150,000 in my fund.

271
00:13:13,272 --> 00:13:15,473
Yeah, you're right. It's ridiculous.

272
00:13:15,575 --> 00:13:19,376
I mean, your clients probably
make $150,000 in a day.

273
00:13:19,445 --> 00:13:22,446
Well, let me think about it.

274
00:13:22,515 --> 00:13:24,748
I should tell her to put
it safely in the bank,

275
00:13:24,851 --> 00:13:27,151
but that's not what she wants to hear.

276
00:13:27,253 --> 00:13:29,787
Okay. I've thought about it.

277
00:13:31,324 --> 00:13:33,691
Bring in a bank check tomorrow.

278
00:13:36,629 --> 00:13:38,896
And I'll take care of you.

279
00:13:41,667 --> 00:13:43,767
You know you're a big softie, right, Bern?

280
00:13:54,180 --> 00:13:56,413
Bernie, it was so nice to see you.

281
00:13:56,516 --> 00:13:59,450
Unfortunately, I'm calling
with not such good news.

282
00:13:59,519 --> 00:14:00,751
The Steiner brothers

283
00:14:00,820 --> 00:14:02,586
are withdrawing their money from the fund.

284
00:14:02,655 --> 00:14:04,388
All of it. What can you do?

285
00:14:04,490 --> 00:14:05,856
People do foolish things.

286
00:14:05,925 --> 00:14:06,925
Give my love to Ruth.

287
00:14:08,327 --> 00:14:10,361
You hear that sound?

288
00:14:10,496 --> 00:14:14,398
No. You just hear the waves.

289
00:14:14,500 --> 00:14:17,735
The happy families playing at the beach.

290
00:14:17,837 --> 00:14:22,706
Me, I hear the growl of
a beast who's never full.

291
00:14:22,808 --> 00:14:25,309
I always hear the beast.

292
00:14:25,411 --> 00:14:28,279
And now he's getting restless.

293
00:14:31,835 --> 00:14:34,936
Bernie, the Steiner brothers'
$113 million withdrawal,

294
00:14:35,005 --> 00:14:36,405
it's not even a problem.

295
00:14:36,473 --> 00:14:38,940
One of Noel's sons-in-law
just got back from Abu Dhabi

296
00:14:39,009 --> 00:14:41,176
with $250 million.

297
00:14:41,245 --> 00:14:44,746
That puts us over $7 billion
in Harlin-Neale alone.

298
00:14:44,782 --> 00:14:48,583
I mean, $113 million, we
can cover that in our sleep.

299
00:14:48,652 --> 00:14:50,485
It's like falling off a log.

300
00:14:50,554 --> 00:14:52,354
Want something real to worry about?

301
00:14:52,423 --> 00:14:55,757
Worry about what's going on upstairs.

302
00:14:55,826 --> 00:14:58,160
With Peter's spending
half the day in temple

303
00:14:58,262 --> 00:15:00,062
and Andy going through chemo,

304
00:15:00,130 --> 00:15:02,297
that only leaves Mark up there anymore.

305
00:15:02,399 --> 00:15:04,533
Doesn't matter what happens up there.

306
00:15:04,601 --> 00:15:06,501
What the hell does that mean?

307
00:15:06,537 --> 00:15:09,571
It means we've been funneling
cash to them for years,

308
00:15:09,673 --> 00:15:13,208
and all they're good for
is just to cover for us.

309
00:15:13,310 --> 00:15:15,377
Do your sons know about that?

310
00:15:15,446 --> 00:15:17,245
Or Peter?

311
00:15:19,450 --> 00:15:20,782
Huh.

312
00:15:22,820 --> 00:15:23,952
Hey, Bernie?

313
00:15:25,589 --> 00:15:27,556
This...

314
00:15:29,326 --> 00:15:30,892
is for you.

315
00:15:33,063 --> 00:15:36,631
And, uh, what exactly is...

316
00:15:36,734 --> 00:15:37,966
Oh, my God.

317
00:15:38,068 --> 00:15:40,402
It's the same as mine,
only that's the new line.

318
00:15:40,471 --> 00:15:42,437
I had my guy get it special.

319
00:15:42,506 --> 00:15:45,540
So, why do I get this now?

320
00:15:45,609 --> 00:15:48,210
Because 30 years ago today,

321
00:15:48,278 --> 00:15:50,145
you took a chance on
a kid from Howard Beach

322
00:15:50,214 --> 00:15:51,880
who didn't know his head from his ass.

323
00:15:51,949 --> 00:15:54,716
Now my kids all go to college debt-free.

324
00:15:54,818 --> 00:15:57,018
I live in the best
neighborhood in New Jersey.

325
00:15:57,087 --> 00:15:59,421
My whole family, we worry for nothing.

326
00:15:59,490 --> 00:16:01,723
You earned every penny of it.

327
00:16:01,825 --> 00:16:03,358
You're a good worker.

328
00:16:04,361 --> 00:16:07,028
Hey, uh, Bernie, I was
thinking... maybe if you'd like,

329
00:16:07,131 --> 00:16:09,664
maybe you and Ruth would
want to come out on my boat

330
00:16:09,767 --> 00:16:11,633
sometime with me and Rosalie?

331
00:16:11,702 --> 00:16:16,805
Hey, now, that's a beautiful watch, too.

332
00:16:43,000 --> 00:16:47,836
I... cannot see you anymore.

333
00:16:47,905 --> 00:16:51,339
It's not anything about you.

334
00:16:51,441 --> 00:16:52,808
Nice.

335
00:16:54,745 --> 00:16:56,044
In public.

336
00:16:56,146 --> 00:16:58,780
That way, I can't make a scene.

337
00:17:01,785 --> 00:17:04,886
You really are a son
of a bitch, aren't you?

338
00:17:04,922 --> 00:17:08,190
I'm not gonna let you get to me, Sheryl.

339
00:17:08,258 --> 00:17:09,925
Why are you doing this?

340
00:17:10,027 --> 00:17:11,993
I never asked you for anything.

341
00:17:12,062 --> 00:17:14,029
I don't want you to leave Ruth.

342
00:17:14,131 --> 00:17:16,131
I am not gonna leave my husband.

343
00:17:16,200 --> 00:17:18,500
My son Andrew has cancer.

344
00:17:18,602 --> 00:17:20,836
I'm sorry.

345
00:17:25,676 --> 00:17:28,610
I don't want you to worry.

346
00:17:28,679 --> 00:17:32,113
I'll still take care of your money.

347
00:17:33,817 --> 00:17:36,885
Our whole family has been cursed.

348
00:17:36,954 --> 00:17:39,921
I try so hard to make sense of it.

349
00:17:39,990 --> 00:17:41,857
But I fail every time.

350
00:17:41,959 --> 00:17:45,293
It's not just how young Roger was.

351
00:17:45,362 --> 00:17:49,030
It's how faultless, how kind.

352
00:17:49,132 --> 00:17:51,933
He was...

353
00:17:52,035 --> 00:17:53,635
my heart.

354
00:17:54,805 --> 00:17:59,541
Perhaps it's not for you to
make sense of your son's death.

355
00:17:59,643 --> 00:18:04,045
Perhaps it's for you to make
peace with the senseless.

356
00:18:04,114 --> 00:18:09,317
The only way it makes any sense is...

357
00:18:09,419 --> 00:18:11,519
if God is punishing me.

358
00:18:11,622 --> 00:18:13,021
Why would you think that?

359
00:18:13,090 --> 00:18:16,658
Is there something you feel
God is punishing you for?

360
00:18:25,969 --> 00:18:27,502
Hey, Bernie.

361
00:18:28,839 --> 00:18:30,872
I'm sure the rabbi would love to meet you

362
00:18:30,974 --> 00:18:32,674
if you feel like going in for...

363
00:18:32,776 --> 00:18:34,409
No, no thanks.

364
00:18:34,511 --> 00:18:36,578
Come on. Let's take a walk.

365
00:18:38,615 --> 00:18:41,116
Peter...

366
00:18:41,218 --> 00:18:44,052
You haven't been to the office much lately.

367
00:18:45,722 --> 00:18:47,355
What's going on?

368
00:18:47,457 --> 00:18:48,457
Yeah.

369
00:18:48,558 --> 00:18:49,925
No, I mean...

370
00:18:49,993 --> 00:18:51,359
Everything's okay.

371
00:18:51,461 --> 00:18:54,529
It doesn't have anything to do with work.

372
00:18:54,631 --> 00:18:57,332
I just don't want to find that I got...

373
00:18:57,401 --> 00:18:59,334
I got to compete with God.

374
00:18:59,403 --> 00:19:01,069
Compete with God?

375
00:19:01,171 --> 00:19:03,905
For what?

376
00:19:11,214 --> 00:19:13,748
I hope it's the right one.

377
00:19:14,418 --> 00:19:16,418
My God, it's the MK III.

378
00:19:16,520 --> 00:19:19,321
1965 Drophead coupe.

379
00:19:19,389 --> 00:19:22,691
Only 37 made in the whole world.

380
00:19:25,762 --> 00:19:27,629
Can I get in?

381
00:19:37,140 --> 00:19:39,040
I know that you and Roger used to talk

382
00:19:39,142 --> 00:19:41,676
about this being the most
beautiful car in the world,

383
00:19:41,745 --> 00:19:45,447
so I thought I'd get it for you...

384
00:19:45,549 --> 00:19:48,049
so that you would feel close to him.

385
00:19:48,085 --> 00:19:50,652
Thanks, Bernie.

386
00:19:50,754 --> 00:19:52,587
I...

387
00:19:52,622 --> 00:19:54,789
Could I...

388
00:19:54,891 --> 00:19:57,926
Would you mind if I just sat
here by myself for a minute?

389
00:19:57,995 --> 00:20:00,795
Sure. Absolutely. Go ahead, Petey.

390
00:20:18,181 --> 00:20:20,415
Oh, my God.

391
00:20:22,386 --> 00:20:24,285
Roger.

392
00:20:27,024 --> 00:20:31,059
He's been buying me off
my whole life, hasn't he?

393
00:20:35,265 --> 00:20:37,966
For days, it was the hottest
rumor on Wall Street...

394
00:20:38,001 --> 00:20:41,369
a bank they called too big
to fail was going broke.

395
00:20:41,438 --> 00:20:43,038
Today, those rumors became fact.

396
00:20:43,140 --> 00:20:44,305
Bear Stearns,

397
00:20:44,408 --> 00:20:46,541
one of the nation's
largest investment banks,

398
00:20:46,643 --> 00:20:49,911
was forced to take an emergency
loan funded by all of us.

399
00:20:49,980 --> 00:20:52,647
The taxpayer bailout prompted
investors to dump their...

400
00:20:52,749 --> 00:20:56,818
granted a rare 28-day loan
from the Federal Reserve.

401
00:20:56,920 --> 00:20:59,354
Just yesterday, the
company swore it was okay,

402
00:20:59,423 --> 00:21:01,256
but things got worse in a hurry.

403
00:21:01,324 --> 00:21:04,092
All that scrambling by
the Fed that you mentioned

404
00:21:04,194 --> 00:21:07,362
has, for now at least, staved
off a full-scale meltdown.

405
00:21:07,397 --> 00:21:09,931
Our economy, obviously, is
going through a tough time.

406
00:21:09,966 --> 00:21:12,133
And the challenge is not
to do anything foolish

407
00:21:12,235 --> 00:21:13,235
in the meantime.

408
00:21:13,236 --> 00:21:14,436
In the long run, I'm confident

409
00:21:14,438 --> 00:21:16,004
that our economy will continue to grow

410
00:21:16,106 --> 00:21:17,386
because the foundation is solid.

411
00:21:17,407 --> 00:21:18,440
Confident, are you?

412
00:21:18,508 --> 00:21:19,808
You're trying to use my trick...

413
00:21:19,876 --> 00:21:22,544
weather a crisis by inspiring confidence.

414
00:21:22,612 --> 00:21:26,514
Only problem is, you're
not much good at it.

415
00:21:28,118 --> 00:21:29,517
Okay.

416
00:21:29,619 --> 00:21:31,386
All right.

417
00:21:31,488 --> 00:21:34,522
We lower the rate of
return across the board

418
00:21:34,624 --> 00:21:36,658
so people think we're
responding to the market.

419
00:21:36,726 --> 00:21:38,293
Okay, got you.

420
00:21:42,532 --> 00:21:43,998
Freaking Bear Stearns.

421
00:21:44,101 --> 00:21:47,035
I mean, how long have
they been around, huh?

422
00:21:47,137 --> 00:21:50,438
85 years, and then poof.

423
00:21:50,507 --> 00:21:52,607
Gone in a day.

424
00:21:55,745 --> 00:21:57,078
Hey.

425
00:21:57,180 --> 00:22:00,815
You ever wish you could tell them?

426
00:22:00,917 --> 00:22:02,584
Tell who?

427
00:22:02,652 --> 00:22:03,918
The investors.

428
00:22:03,987 --> 00:22:07,122
Don't you wish you could just say to them,

429
00:22:07,224 --> 00:22:09,824
"Hey, hey, you idiot, you schmuck,

430
00:22:09,893 --> 00:22:11,493
you think you're being all safe

431
00:22:11,561 --> 00:22:13,561
and taking your money out of the market,

432
00:22:13,597 --> 00:22:16,030
but your money's safer
here in our savings account

433
00:22:16,099 --> 00:22:17,699
because we ain't in the market."

434
00:22:19,069 --> 00:22:21,369
Bear Stearns is the market.
We're not the market.

435
00:22:21,471 --> 00:22:25,974
Well, actually, I have
thought that exact thought.

436
00:22:26,076 --> 00:22:27,208
More than once.

437
00:22:27,244 --> 00:22:29,744
What are you gonna do? People are cowards.

438
00:22:29,846 --> 00:22:32,313
Okay.

439
00:22:33,717 --> 00:22:36,417
I got it. I'll drop the rate to 5%.

440
00:22:36,486 --> 00:22:39,554
Is that it? Is there anything else?

441
00:22:39,656 --> 00:22:41,489
Yeah.

442
00:22:43,593 --> 00:22:46,261
I'm making you CFO.

443
00:22:46,363 --> 00:22:48,930
What, of what we do down here?

444
00:22:48,999 --> 00:22:51,466
No. The whole company.

445
00:22:51,568 --> 00:22:53,334
- Bernie, I'm...
- No, no, no.

446
00:22:53,403 --> 00:22:55,837
Don't, don't, don't, don't. You earned it.

447
00:22:57,507 --> 00:22:59,307
Mark is gonna lose his mind.

448
00:22:59,409 --> 00:23:01,442
Mark can be replaced.

449
00:23:01,545 --> 00:23:03,478
You can't.

450
00:23:21,337 --> 00:23:23,404
Oh, good morning, honey.

451
00:23:23,440 --> 00:23:26,007
Hi, Mom. A little early for that, isn't it?

452
00:23:26,109 --> 00:23:30,178
I've been up since your daughter
started crying at 4:00 a.m.,

453
00:23:30,213 --> 00:23:32,847
so it's afternoon for me.

454
00:23:32,949 --> 00:23:34,615
Well, it's good to be here with you.

455
00:23:34,684 --> 00:23:37,618
How'd you turn out to be such a sweetheart?

456
00:23:37,720 --> 00:23:38,886
I... I am proud.

457
00:23:38,988 --> 00:23:41,456
I am really proud of the man you've become.

458
00:23:41,524 --> 00:23:43,858
I really am. your dad is, too.

459
00:23:43,927 --> 00:23:45,893
He's got a funny way of showing it.

460
00:23:45,995 --> 00:23:48,129
The entire economy is tanking,

461
00:23:48,231 --> 00:23:50,565
and he makes Frank DiPascali CFO.

462
00:23:50,667 --> 00:23:52,800
Oops, Dark Mark's back.

463
00:23:52,869 --> 00:23:54,268
I'm sorry, but it's one thing

464
00:23:54,337 --> 00:23:56,170
when he was in charge of the 17th floor.

465
00:23:56,239 --> 00:23:58,306
But this pretty much makes him my boss.

466
00:23:58,374 --> 00:24:00,208
It's like Dad enjoys rubbing it in my face.

467
00:24:00,310 --> 00:24:01,642
Now, that's not true.

468
00:24:01,711 --> 00:24:03,911
Your father would do anything
in the world for you and Andy.

469
00:24:04,013 --> 00:24:05,046
You know that.

470
00:24:05,081 --> 00:24:06,447
So we're not self-made like him.

471
00:24:06,516 --> 00:24:07,882
We didn't grow up in Queens

472
00:24:07,951 --> 00:24:10,051
with some big-ass chip on our shoulder.

473
00:24:10,153 --> 00:24:11,552
Yeah, we grew up privileged.

474
00:24:11,621 --> 00:24:13,254
How can he hold that against us?

475
00:24:13,323 --> 00:24:14,856
He made us that way.

476
00:24:14,924 --> 00:24:17,191
You know, you're blowing
this out of proportion.

477
00:24:17,260 --> 00:24:20,561
So what if he made Frank the CFO?

478
00:24:20,630 --> 00:24:21,996
What does that mean?

479
00:24:22,065 --> 00:24:23,764
It's just nothing... it's a title.

480
00:24:23,867 --> 00:24:26,067
I'm the Vice President of the firm,

481
00:24:26,135 --> 00:24:28,369
and all I do is hire the decorators.

482
00:24:29,506 --> 00:24:31,973
So just lighten up.

483
00:24:32,075 --> 00:24:34,141
Come on, lighten up.

484
00:24:34,210 --> 00:24:36,644
There's my boy. Come on, come on.

485
00:24:36,746 --> 00:24:37,979
Okay.

486
00:24:38,081 --> 00:24:40,381
Today, this country witnessed scenes

487
00:24:40,450 --> 00:24:42,750
many hoped we would never
see again in America...

488
00:24:42,852 --> 00:24:44,118
anxious customers lined up

489
00:24:44,220 --> 00:24:46,187
outside the headquarters of a bank...

490
00:24:46,256 --> 00:24:48,422
IndyMac Bank in Los Angeles.

491
00:24:48,491 --> 00:24:51,058
A run on that bank caused
the Federal government

492
00:24:51,127 --> 00:24:53,728
to take it over, declare that
none of the bank's customers

493
00:24:53,830 --> 00:24:55,029
could touch their money.

494
00:24:55,131 --> 00:24:57,632
Bad news. Citigroup lost half its value

495
00:24:57,734 --> 00:24:59,100
The President, at a news conference,

496
00:24:59,202 --> 00:25:00,268
tried today to calm people.

497
00:25:00,370 --> 00:25:01,836
...cracked down on investors

498
00:25:01,905 --> 00:25:03,371
who have not only profited on the drop...

499
00:25:03,439 --> 00:25:06,340
The fears are real. It closed below 11,000.

500
00:25:06,409 --> 00:25:09,143
Bank stocks, including AmericanWest,

501
00:25:09,212 --> 00:25:12,013
Wells Fargo, and Wachovia
were pummeled again today.

502
00:25:12,048 --> 00:25:13,681
Meanwhile, the Treasury Secretary

503
00:25:13,783 --> 00:25:15,349
faced tough questions on the plan

504
00:25:15,451 --> 00:25:17,218
to rescue Fannie Mae and Freddie Mac.

505
00:25:17,287 --> 00:25:19,587
Well, I appreciate you very much, Bernie,

506
00:25:19,689 --> 00:25:21,455
taking the time to come and meet me.

507
00:25:21,524 --> 00:25:24,825
I know you've got a really busy schedule.

508
00:25:24,894 --> 00:25:29,263
My son, Ethan, he got out
of Stanford about a year ago.

509
00:25:29,365 --> 00:25:30,698
Super smart kid.

510
00:25:30,767 --> 00:25:33,668
He wasn't the valedictorian,
but he was real close to it.

511
00:25:33,770 --> 00:25:36,304
He and a couple of his fraternity buddies

512
00:25:36,339 --> 00:25:39,140
have some great ideas
about some new technology.

513
00:25:39,242 --> 00:25:40,675
And so I'm pretty frightened

514
00:25:40,777 --> 00:25:42,443
about what I read in the Journal.

515
00:25:42,478 --> 00:25:45,680
But I-I told him, if the time came,

516
00:25:45,715 --> 00:25:48,249
if he had a good idea, I'd
be able to... to help him out.

517
00:25:48,318 --> 00:25:49,884
To your son.

518
00:25:49,953 --> 00:25:52,119
All these years, I've
been making them all rich.

519
00:25:52,188 --> 00:25:55,523
You've always said that if
I ever needed my money out,

520
00:25:55,658 --> 00:25:57,325
all I had to do was ask.

521
00:25:57,427 --> 00:25:59,660
They never had to worry about a thing

522
00:25:59,729 --> 00:26:01,629
because I did their worrying for them.

523
00:26:01,731 --> 00:26:03,864
Well, this is me asking.

524
00:26:03,967 --> 00:26:05,099
No problem.

525
00:26:05,201 --> 00:26:06,467
My son will have the money?

526
00:26:06,569 --> 00:26:09,370
It's the money that he won't
have that I can't give you.

527
00:26:09,439 --> 00:26:11,005
But I understand completely.

528
00:26:11,107 --> 00:26:12,206
It's a scary time.

529
00:26:12,308 --> 00:26:16,077
Chair's...

530
00:26:16,179 --> 00:26:17,545
feels like rocks.

531
00:26:17,614 --> 00:26:20,114
Now I saw it was the other way around.

532
00:26:20,216 --> 00:26:23,451
Don't take offense, Bernie.
It is just, in this market,

533
00:26:23,553 --> 00:26:25,786
how are you finding
counterparties to trade with?

534
00:26:25,888 --> 00:26:28,356
The market... they're
not even in the market.

535
00:26:28,491 --> 00:26:29,590
They're with me.

536
00:26:29,659 --> 00:26:32,026
If there was a way I could tell them...

537
00:26:32,095 --> 00:26:34,695
you're making a solid 2% because your money

538
00:26:34,764 --> 00:26:37,164
is in my Chase Manhattan bank account.

539
00:26:37,233 --> 00:26:42,069
I had given my investors a
steady return, no matter what.

540
00:26:42,171 --> 00:26:45,473
And now I needed one
little thing in return.

541
00:26:45,541 --> 00:26:48,042
Just leave your damn money in the fund.

542
00:26:48,144 --> 00:26:50,678
And all they could think of was themselves.

543
00:27:07,263 --> 00:27:08,263
Bernie?

544
00:27:10,199 --> 00:27:12,967
I'm not out of my mind. I just...

545
00:27:13,036 --> 00:27:14,702
This damn back.

546
00:27:15,705 --> 00:27:17,471
Give me the redemptions folder.

547
00:27:18,841 --> 00:27:21,008
You okay? Can I get you anything?

548
00:27:21,044 --> 00:27:23,044
No, no.

549
00:27:23,146 --> 00:27:25,146
Just go away.

550
00:27:30,553 --> 00:27:36,023
$3.5 billion out the door, just like that.

551
00:27:37,060 --> 00:27:41,262
All I needed was someone who
still had a little faith in me.

552
00:27:44,300 --> 00:27:46,267
You're no longer Bernie the Kid.

553
00:27:46,335 --> 00:27:49,136
You're older now than I was when I retired.

554
00:27:49,205 --> 00:27:50,571
Thanks.

555
00:27:50,640 --> 00:27:52,973
You really know how to
make a guy feel great, Carl.

556
00:27:53,076 --> 00:27:54,341
32 years ago.

557
00:27:54,410 --> 00:27:57,178
Sometimes I feel like I haven't
done a damn thing since then.

558
00:27:57,280 --> 00:27:58,345
Aw, come on.

559
00:27:58,414 --> 00:28:01,015
Your name is on libraries, universities,

560
00:28:01,084 --> 00:28:02,516
and research institutes.

561
00:28:02,585 --> 00:28:04,618
All the stuff you've done
with your foundations...

562
00:28:04,721 --> 00:28:06,520
Philanthropy is just
giving away your money.

563
00:28:06,589 --> 00:28:07,888
Other people do all the work.

564
00:28:07,957 --> 00:28:10,157
Investing... where is
the satisfaction in that?

565
00:28:10,259 --> 00:28:11,292
I used to make something.

566
00:28:11,360 --> 00:28:12,693
I would see a woman walking down the street

567
00:28:12,762 --> 00:28:14,161
in a Kay Windsor dress, and I thought,

568
00:28:14,230 --> 00:28:15,529
"My company made that. We did that."

569
00:28:15,598 --> 00:28:17,364
We did things that people needed.

570
00:28:17,467 --> 00:28:21,702
Now what do I do? I just move money around.

571
00:28:24,874 --> 00:28:27,208
What's up? Why the impromptu visit?

572
00:28:27,276 --> 00:28:31,746
Carl, you know that I have never pushed you

573
00:28:31,814 --> 00:28:33,280
to put your money with me, right?

574
00:28:33,349 --> 00:28:35,015
Never. Not once. That's right.

575
00:28:35,084 --> 00:28:37,585
I have never tried to sell you.

576
00:28:38,588 --> 00:28:39,854
How much you need?

577
00:28:43,993 --> 00:28:48,062
Carl's $250 million
wasn't gonna last a week.

578
00:28:48,131 --> 00:28:51,699
I had stabbed him in
the back for a Band-Aid.

579
00:28:51,768 --> 00:28:53,067
And then at the end of the trading day,

580
00:28:53,169 --> 00:28:54,169
the bottom fell out.

581
00:28:54,237 --> 00:28:57,204
The Dow dropped to a 504-point loss.

582
00:28:57,306 --> 00:28:59,807
Financial institutions are in trouble.

583
00:28:59,876 --> 00:29:03,010
158-year-old Lehman Brothers
filed for bankruptcy.

584
00:29:03,112 --> 00:29:05,079
It is all a bit dizzying.

585
00:29:05,181 --> 00:29:08,282
This was the day we were
afraid to wake up to.

586
00:29:08,351 --> 00:29:10,618
Don't take this the wrong way, Bernie,

587
00:29:10,720 --> 00:29:12,319
but now that we've gone global,

588
00:29:12,388 --> 00:29:14,121
some of our investors

589
00:29:14,223 --> 00:29:17,258
are not the kind of people you say no to.

590
00:29:17,360 --> 00:29:19,894
Sounds like some kind of a threat.

591
00:29:19,962 --> 00:29:22,329
Bernie, no. Of course not.

592
00:29:22,398 --> 00:29:24,765
All I'm saying is that our investors

593
00:29:24,834 --> 00:29:27,568
are just like everyone else the world over.

594
00:29:27,637 --> 00:29:29,403
They haven't lost confidence in you.

595
00:29:29,472 --> 00:29:31,438
They've lost confidence in everything...

596
00:29:31,541 --> 00:29:32,573
the whole system.

597
00:29:32,675 --> 00:29:34,542
They think the Titanic is going down.

598
00:29:34,610 --> 00:29:36,844
You have to face the music, Bernie.

599
00:29:36,946 --> 00:29:41,215
What is it, exactly, that you think you do?

600
00:29:41,317 --> 00:29:45,252
Hm? Do you think you're wizards?

601
00:29:45,354 --> 00:29:48,088
You're not wizards.

602
00:29:48,157 --> 00:29:49,623
I'm a wizard.

603
00:29:49,725 --> 00:29:51,458
I'm a rainmaker.

604
00:29:51,561 --> 00:29:52,960
I make it rain.

605
00:29:53,029 --> 00:29:56,197
You guys are just shepherds.

606
00:29:57,967 --> 00:29:59,166
You're marketers.

607
00:29:59,268 --> 00:30:01,669
Two sorority girls from New Jersey

608
00:30:01,737 --> 00:30:04,471
can do your job just as well as you do.

609
00:30:04,574 --> 00:30:06,307
You don't have the balls

610
00:30:06,409 --> 00:30:09,410
to tell your investors to stick with it,

611
00:30:09,512 --> 00:30:11,779
and I can't grow 'em for you.

612
00:30:11,881 --> 00:30:14,815
1962, 1987,

613
00:30:14,917 --> 00:30:18,552
1989, 2000, 2001...

614
00:30:18,688 --> 00:30:23,691
every crash, I made money for my investors.

615
00:30:23,793 --> 00:30:26,093
But bring me your redemptions.

616
00:30:26,162 --> 00:30:28,829
Bring me all your redemptions,
and I will honor them all.

617
00:30:28,931 --> 00:30:30,764
But don't get too comfortable

618
00:30:30,867 --> 00:30:32,600
because when the smoke clears

619
00:30:32,702 --> 00:30:35,569
and you want a place at
this table, you don't get it.

620
00:30:35,671 --> 00:30:36,671
Bernie...

621
00:30:36,739 --> 00:30:38,439
No, no, no, no, no, no. I'm through.

622
00:30:38,541 --> 00:30:39,974
You just... you talk to Frank.

623
00:30:40,076 --> 00:30:42,509
He'll write you a check.

624
00:30:49,214 --> 00:30:50,346
So, Annette and Jodi

625
00:30:50,448 --> 00:30:53,082
started talking a little
too loud for my taste.

626
00:30:53,151 --> 00:30:55,051
They're worried about this and that,

627
00:30:55,153 --> 00:30:57,687
and people hear more
than they need to know.

628
00:30:57,755 --> 00:30:59,488
Need to know? What does that mean?

629
00:30:59,557 --> 00:31:02,792
Well, people talk like
that, people get scared.

630
00:31:02,894 --> 00:31:04,327
Okay, we don't need that.

631
00:31:04,395 --> 00:31:08,497
And you told them what, exactly?

632
00:31:08,600 --> 00:31:11,000
I told them that Bernie's the captain.

633
00:31:11,102 --> 00:31:13,169
He charts the course.

634
00:31:13,271 --> 00:31:15,171
You're gonna turn this around.

635
00:31:15,240 --> 00:31:16,439
I know you are.

636
00:31:16,507 --> 00:31:17,573
As always, right?

637
00:31:17,675 --> 00:31:19,408
Yeah.

638
00:31:22,880 --> 00:31:25,648
So, where to now, Mr. DiPascali?

639
00:31:25,717 --> 00:31:27,717
Hey. Hey, nice watch.

640
00:31:27,785 --> 00:31:30,353
Oh, yeah, Mr. Madoff gave it to me.

641
00:31:32,857 --> 00:31:34,557
So, where to now?

642
00:31:36,728 --> 00:31:38,961
I don't care. Just drive.

643
00:31:43,334 --> 00:31:45,835
There's no particular reason for this.

644
00:31:45,903 --> 00:31:48,604
No announcement or anything, no big news.

645
00:31:48,673 --> 00:31:51,274
It's just that I, um...

646
00:31:51,376 --> 00:31:53,909
I miss... I miss you.

647
00:31:53,978 --> 00:31:55,278
You see us every day.

648
00:31:55,346 --> 00:31:57,713
But not as a family,

649
00:31:57,782 --> 00:32:01,684
and the market has been
so crazy that, um...

650
00:32:03,554 --> 00:32:05,187
I...

651
00:32:05,256 --> 00:32:08,190
I just want to hear good news
from people I love, all right?

652
00:32:08,293 --> 00:32:09,058
That's all.

653
00:32:09,160 --> 00:32:10,426
To family.

654
00:32:10,528 --> 00:32:11,694
To family.

655
00:32:13,231 --> 00:32:14,563
To family.

656
00:32:16,334 --> 00:32:17,334
All right.

657
00:32:17,335 --> 00:32:18,768
Ah.

658
00:32:18,836 --> 00:32:21,470
Everyone here has good
news. Ruth, you start.

659
00:32:21,539 --> 00:32:23,839
Mm, you know me, Bernie.

660
00:32:23,941 --> 00:32:26,108
Everything's always the same.

661
00:32:26,210 --> 00:32:27,243
Good.

662
00:32:27,312 --> 00:32:28,444
Audrey's walking.

663
00:32:28,513 --> 00:32:29,513
Well, she's falling.

664
00:32:29,580 --> 00:32:31,047
- She's trying.
- She's trying.

665
00:32:31,115 --> 00:32:33,382
You've got to fall before you walk.

666
00:32:33,451 --> 00:32:34,483
Congratulations.

667
00:32:34,585 --> 00:32:35,718
I'm in remission.

668
00:32:38,956 --> 00:32:40,723
You're kidding.

669
00:32:40,758 --> 00:32:43,225
You... what, you've been
keeping this a secret?

670
00:32:43,261 --> 00:32:46,529
I don't know. I just wanted to
find the right time, I guess.

671
00:32:46,631 --> 00:32:49,665
Andrew, this kind of news,
it's always the right time.

672
00:32:49,734 --> 00:32:52,001
- Holy moly.
- Great!

673
00:32:52,103 --> 00:32:54,403
- L'chaim!
- L'chaim!

674
00:32:54,505 --> 00:32:57,573
My God, what a thing to celebrate.

675
00:33:07,118 --> 00:33:08,184
Oh!

676
00:33:08,286 --> 00:33:09,919
Oh.

677
00:33:12,857 --> 00:33:15,458
Remember the morning of 9/11?

678
00:33:15,560 --> 00:33:17,693
What made you think of that?

679
00:33:17,762 --> 00:33:19,528
Remember how panicked you were

680
00:33:19,597 --> 00:33:21,397
that we couldn't find the boys?

681
00:33:21,499 --> 00:33:22,698
We couldn't connect?

682
00:33:24,235 --> 00:33:25,235
Yeah.

683
00:33:25,236 --> 00:33:26,535
I have a confession.

684
00:33:28,306 --> 00:33:30,973
That was the morning I realized

685
00:33:31,109 --> 00:33:34,744
that as long as you were okay...

686
00:33:34,812 --> 00:33:37,513
I could handle anything.

687
00:33:39,050 --> 00:33:40,783
Hm.

688
00:33:43,388 --> 00:33:44,887
I love you.

689
00:33:46,524 --> 00:33:48,023
You need me.

690
00:33:48,092 --> 00:33:49,525
There's a difference.

691
00:33:49,594 --> 00:33:51,627
No. There isn't.

692
00:33:51,696 --> 00:33:54,029
I wish that you'd let me help you more.

693
00:33:54,098 --> 00:33:56,332
I... you act like I don't know or care

694
00:33:56,367 --> 00:33:58,768
anything about the world... your world.

695
00:33:58,870 --> 00:34:00,569
I follow the news.

696
00:34:00,671 --> 00:34:03,939
I-I know how much pressure you're under.

697
00:34:04,008 --> 00:34:06,208
Are you talking about the financial world

698
00:34:06,310 --> 00:34:07,443
is going into flames?

699
00:34:07,545 --> 00:34:08,911
I had lunch with Laura.

700
00:34:09,013 --> 00:34:12,148
She told me that Ira's cashing
in his stocks left and right,

701
00:34:12,250 --> 00:34:13,416
converting to cash.

702
00:34:13,518 --> 00:34:16,018
He's thinking about moving to some island.

703
00:34:16,087 --> 00:34:17,453
Ira Stemple is a chump.

704
00:34:17,555 --> 00:34:19,822
He's always been a chump.

705
00:34:19,924 --> 00:34:21,323
He's made five fortunes,

706
00:34:21,392 --> 00:34:24,093
and he's lost all of
them because he panics.

707
00:34:24,195 --> 00:34:25,928
Maybe.

708
00:34:25,997 --> 00:34:28,697
She asked me how you can stay so calm.

709
00:34:28,766 --> 00:34:31,634
I told her it's because
you know the future.

710
00:34:31,736 --> 00:34:33,102
You always have.

711
00:34:33,137 --> 00:34:36,639
That's how your business
does well, even in bad times.

712
00:34:36,707 --> 00:34:39,675
And that's why you and I are gonna be okay.

713
00:34:41,813 --> 00:34:43,345
Tell me again.

714
00:34:43,414 --> 00:34:45,481
What?

715
00:34:45,550 --> 00:34:48,150
That you love me.

716
00:34:52,356 --> 00:34:54,523
I love you.

717
00:35:00,665 --> 00:35:01,931
I love you.

718
00:35:07,004 --> 00:35:10,406
I hadn't made a sales call in 40 years.

719
00:35:10,508 --> 00:35:14,009
40 years, I'd made them come to me.

720
00:35:14,111 --> 00:35:16,178
Now was the worst time in history

721
00:35:16,280 --> 00:35:17,646
to drum up new business.

722
00:35:17,748 --> 00:35:19,548
Ah, screw it.

723
00:35:25,189 --> 00:35:27,923
Martin? Bernie Madoff.

724
00:35:29,827 --> 00:35:31,894
Yeah, it's been a long, long time.

725
00:35:31,996 --> 00:35:33,729
Listen, I'm starting a new fund.

726
00:35:33,831 --> 00:35:35,197
It's a specialized thing.

727
00:35:35,299 --> 00:35:37,032
It's only for big fish like you.

728
00:35:37,134 --> 00:35:38,501
No, no, no.

729
00:35:38,603 --> 00:35:40,102
Warren, with the relationships

730
00:35:40,204 --> 00:35:42,137
that I've developed over the years,

731
00:35:42,206 --> 00:35:44,273
the market doesn't stay frozen for me.

732
00:35:44,342 --> 00:35:46,442
Demitri, of course it's exclusive.

733
00:35:46,477 --> 00:35:49,278
Would I be calling you
unless it was exclusive?

734
00:35:49,347 --> 00:35:50,679
I don't really give a crap

735
00:35:50,781 --> 00:35:53,682
what the Mandarin word
for "counterparties" is.

736
00:35:53,751 --> 00:35:55,684
You just tell them I'm Bernie Madoff.

737
00:35:55,786 --> 00:35:57,486
I'll worry about that.

738
00:35:57,588 --> 00:36:00,556
And... And... And you've got
to give me an answer tonight

739
00:36:00,625 --> 00:36:04,126
because this... this whole
fund is closing tonight.

740
00:36:04,228 --> 00:36:07,796
Ruth, honey, do me a favor.

741
00:36:07,899 --> 00:36:09,431
Transfer some funds

742
00:36:09,534 --> 00:36:13,168
from business-private to joint-personal.

743
00:36:13,271 --> 00:36:16,505
About $15, $16 million.

744
00:36:16,607 --> 00:36:17,740
And... and... and...

745
00:36:17,842 --> 00:36:21,410
40 years, keeping my head above water.

746
00:36:21,512 --> 00:36:24,146
And now I'm finally drowned.

747
00:37:02,412 --> 00:37:04,713
Dad? What are you doing down there?

748
00:37:04,815 --> 00:37:06,481
I'm fine.

749
00:37:06,583 --> 00:37:08,316
It's just my back.

750
00:37:08,385 --> 00:37:10,819
Well, you... you don't look fine.

751
00:37:11,989 --> 00:37:14,356
I guess I'll be the judge of that.

752
00:37:14,458 --> 00:37:16,591
I'm worried about you, okay?

753
00:37:16,693 --> 00:37:17,926
You're acting weird.

754
00:37:18,028 --> 00:37:19,060
I'm fine.

755
00:37:19,162 --> 00:37:20,495
If your back is that bad...

756
00:37:20,597 --> 00:37:22,097
I'm fine!

757
00:37:22,165 --> 00:37:24,966
And if you don't have anything
important to say to me,

758
00:37:25,035 --> 00:37:27,268
would you consider doing some actual work

759
00:37:27,304 --> 00:37:29,337
instead of just whimpering about me?

760
00:37:29,373 --> 00:37:31,539
Bernie, why you got to
talk to him like that?

761
00:37:31,641 --> 00:37:32,641
Oh, shush.

762
00:37:32,642 --> 00:37:34,376
The incredible volatility

763
00:37:34,444 --> 00:37:36,878
we saw today in the market
is a sign of how unnerved...

764
00:37:36,947 --> 00:37:39,147
Those unnerved investors
are calling their brokers,

765
00:37:39,216 --> 00:37:41,316
calling their bankers,
calling their rich uncles,

766
00:37:41,351 --> 00:37:42,884
wanting to know how to protect themselves,

767
00:37:42,953 --> 00:37:44,313
their families, and their futures.

768
00:37:44,354 --> 00:37:46,421
Call it "Nightmare on Wall Street."

769
00:37:46,456 --> 00:37:47,922
The meltdown in the financial...

770
00:37:48,025 --> 00:37:50,025
The big three American automakers

771
00:37:50,127 --> 00:37:52,961
were back on Capitol Hill
today, saying their companies,

772
00:37:53,063 --> 00:37:55,363
pillars of the American
economy for decades,

773
00:37:55,432 --> 00:37:57,232
are on the brink of disappearing.

774
00:37:57,300 --> 00:37:59,200
Nearly 3 million Americans

775
00:37:59,269 --> 00:38:01,536
have joined the ranks of
the unemployed this year,

776
00:38:01,571 --> 00:38:03,163
pushing the total number
of those out of work...

777
00:38:03,188 --> 00:38:04,129
Fraud, fraud, fraud, fraud!

778
00:38:04,174 --> 00:38:05,825
or looking for work to more

779
00:38:05,850 --> 00:38:07,666
- than 10 million.
- Fraud, fraud,

780
00:38:07,744 --> 00:38:09,144
fraud, fraud!

781
00:38:09,246 --> 00:38:11,146
You're gonna turn this around, Bernie.

782
00:38:11,214 --> 00:38:13,615
Just like you always do.

783
00:38:13,683 --> 00:38:18,520
Stocks in the financial sector
down 17%, retail down 10%.

784
00:38:18,555 --> 00:38:20,021
Wall Street's top executives

785
00:38:20,123 --> 00:38:21,289
have been holding emergency meetings

786
00:38:21,358 --> 00:38:22,357
with government officials...

787
00:38:22,426 --> 00:38:23,792
- made in China.
- I think I got him.

788
00:38:23,860 --> 00:38:26,027
It's like the blind leading the blind.

789
00:38:26,129 --> 00:38:27,462
battered investment bank.

790
00:38:27,531 --> 00:38:29,264
as the huge bank dramatically collapsed.

791
00:38:29,332 --> 00:38:30,932
Stocks reeling again.

792
00:38:31,001 --> 00:38:32,867
Dow Industrials were off almost 700 points.

793
00:38:32,903 --> 00:38:35,036
That's the fourth-largest
point drop in a day.

794
00:38:35,172 --> 00:38:36,905
Eleanor!

795
00:38:36,973 --> 00:38:38,873
The holiday weekend seems
to have soured things.

796
00:38:38,975 --> 00:38:40,041
Keep it going. I am.

797
00:38:40,143 --> 00:38:41,543
Come on, get the kink
out in here, all right?

798
00:38:42,879 --> 00:38:44,679
The glow of the holiday
weekend faded quickly.

799
00:38:44,781 --> 00:38:47,882
Holiday sales are not
likely to turn things around.

800
00:38:47,984 --> 00:38:49,250
Eleanor!

801
00:38:49,352 --> 00:38:50,819
Eleanor!

802
00:38:50,921 --> 00:38:52,554
What? What is it?

803
00:38:52,589 --> 00:38:55,623
Where is my address book, please?

804
00:38:55,692 --> 00:38:57,659
Oh, Bernie, you gave it
to me yesterday to update.

805
00:38:57,727 --> 00:38:59,094
- It's on my desk.
- Get it!

806
00:38:59,162 --> 00:39:01,362
You want me to turn a light
on in here or something?

807
00:39:01,431 --> 00:39:02,464
- Just get it!
- Okay.

808
00:39:07,704 --> 00:39:09,871
It's like working in the
Bat Cave or something.

809
00:39:09,973 --> 00:39:11,272
Here you go.

810
00:39:21,818 --> 00:39:26,988
Boys... I want to give early
Christmas bonuses this year.

811
00:39:27,057 --> 00:39:29,624
These are the names of the people

812
00:39:29,659 --> 00:39:30,825
I want to give something early.

813
00:39:30,894 --> 00:39:32,594
Can I call you back? Let me call you back.

814
00:39:37,701 --> 00:39:39,367
W-Why do you want to do that?

815
00:39:39,436 --> 00:39:42,203
What do you mean, why? We had a good year.

816
00:39:42,305 --> 00:39:45,874
Why would you want to give
early bonuses in this market?

817
00:39:45,976 --> 00:39:49,344
Uh... yeah.

818
00:39:49,446 --> 00:39:52,180
Right, right, right.

819
00:39:52,282 --> 00:39:54,349
Forget it. Yeah, forget it.

820
00:39:54,417 --> 00:39:55,517
Do you want this back?

821
00:39:55,619 --> 00:39:56,619
No, no.

822
00:39:59,422 --> 00:40:01,356
Hey, yeah, go ahead.

823
00:40:24,948 --> 00:40:27,982
Ah, Tweedledum and Tweedledee.

824
00:40:28,051 --> 00:40:29,211
Dad, we're worried about you.

825
00:40:29,219 --> 00:40:30,318
We're here to help.

826
00:40:30,420 --> 00:40:31,486
You can tell us if there's something wrong.

827
00:40:31,555 --> 00:40:33,188
Well, I'll file that away, okay?

828
00:40:33,290 --> 00:40:34,522
But there's nothing wrong.

829
00:40:34,591 --> 00:40:36,291
- Should I call 911?
- I'm fine.

830
00:40:36,326 --> 00:40:37,592
I think we should have a doctor come in

831
00:40:37,661 --> 00:40:38,726
and check you out just in case.

832
00:40:38,828 --> 00:40:39,961
Get out of here.

833
00:40:41,298 --> 00:40:42,330
I can't do this here.

834
00:40:42,365 --> 00:40:44,332
- You can't do what?
- I have to go home.

835
00:40:44,434 --> 00:40:45,600
I'm gonna call the car.

836
00:40:45,669 --> 00:40:46,834
Dad?

837
00:40:46,870 --> 00:40:48,269
Dad, what's going on?

838
00:40:48,371 --> 00:40:49,804
Could we have the car outside?

839
00:40:49,873 --> 00:40:54,108
I can't... I want to go home to Ruth.

840
00:40:54,211 --> 00:40:55,243
Tell me what's going on.

841
00:40:55,345 --> 00:40:56,477
I want to go home!

842
00:40:56,580 --> 00:40:57,860
- Dad, are you okay?
- Get me up.

843
00:40:57,881 --> 00:40:58,881
I have to go see Ruth.

844
00:40:58,949 --> 00:40:59,949
Dad, what's going on?

845
00:41:00,016 --> 00:41:01,016
Just get me up.

846
00:41:01,017 --> 00:41:02,017
Okay. Come on.

847
00:41:02,085 --> 00:41:03,418
I need a hand.

848
00:41:05,388 --> 00:41:06,588
One, two, three.

849
00:41:06,656 --> 00:41:07,956
All right, thanks.

850
00:41:08,058 --> 00:41:09,557
Thanks. Thank you.

851
00:41:09,659 --> 00:41:11,092
Thank you.

852
00:41:32,182 --> 00:41:34,215
What... What is it?

853
00:41:36,820 --> 00:41:38,586
Okay.

854
00:41:38,688 --> 00:41:40,154
- Bernie.
- Okay.

855
00:41:44,761 --> 00:41:47,662
I have something to tell you.

856
00:41:57,941 --> 00:41:59,274
It's over.

857
00:42:01,311 --> 00:42:03,044
I'm finished.

858
00:42:04,247 --> 00:42:05,247
What does that mean?

859
00:42:05,315 --> 00:42:09,384
I... There's nothing more.

860
00:42:09,452 --> 00:42:10,852
Are... Are you talking about the business?

861
00:42:10,920 --> 00:42:12,620
Because the business has
billions on the books, Dad.

862
00:42:12,689 --> 00:42:14,355
That's the books you read.

863
00:42:14,457 --> 00:42:16,157
They're not the real books.

864
00:42:16,259 --> 00:42:18,760
I... Ah!

865
00:42:20,263 --> 00:42:23,598
The trading company that you boys run...

866
00:42:23,667 --> 00:42:27,735
has been a loss for a long time.

867
00:42:27,804 --> 00:42:29,537
And I've been covering it

868
00:42:29,639 --> 00:42:32,440
with funds from the investment services.

869
00:42:32,509 --> 00:42:34,976
And the investment services is, uh...

870
00:42:35,078 --> 00:42:36,711
a lie.

871
00:42:36,813 --> 00:42:40,048
What are you talking about?
What do you mean, a lie?

872
00:42:40,116 --> 00:42:42,917
It's a Ponzi scheme.

873
00:42:43,019 --> 00:42:46,721
What does that mean,
a Pon... a Ponzi scheme?

874
00:42:46,823 --> 00:42:48,156
Oh, my God.

875
00:42:48,258 --> 00:42:52,160
It means, Ruthie, that
I have been doing things

876
00:42:52,262 --> 00:42:55,863
with other people's money that I shouldn't,

877
00:42:55,965 --> 00:42:59,100
and now it's all gone.

878
00:43:00,537 --> 00:43:01,669
Everything?

879
00:43:01,738 --> 00:43:03,971
There's a few hundred million

880
00:43:04,074 --> 00:43:08,609
that I want to distribute
very carefully to people.

881
00:43:08,678 --> 00:43:11,746
But... and I need a week to do that.

882
00:43:11,848 --> 00:43:13,848
I need a week to 10 days.

883
00:43:13,950 --> 00:43:16,284
And then...

884
00:43:16,353 --> 00:43:18,419
I'm gonna turn myself in.

885
00:43:18,488 --> 00:43:22,657
And, Ruthie, they're gonna send me to jail.

886
00:43:24,427 --> 00:43:27,095
How much... How much did you lose?

887
00:43:29,733 --> 00:43:31,866
$50 billion.

888
00:43:34,604 --> 00:43:36,304
Oh!

889
00:43:39,175 --> 00:43:40,775
Mark, Mark!

890
00:43:57,961 --> 00:43:59,694
Mark, wait, stop.

891
00:43:59,796 --> 00:44:01,129
Breathe. It's okay.

892
00:44:01,164 --> 00:44:02,397
We need to see what we can do to help.

893
00:44:02,499 --> 00:44:03,564
We have to think this through.

894
00:44:03,633 --> 00:44:05,166
It might not even be real,
what he's even saying.

895
00:44:05,235 --> 00:44:06,200
Why would he make it up, Andy?

896
00:44:06,302 --> 00:44:07,368
He's been acting
incredibly strange at work.

897
00:44:07,470 --> 00:44:08,403
He's been lying on the floor.

898
00:44:08,471 --> 00:44:09,604
He can't answer a simple question.

899
00:44:09,706 --> 00:44:10,671
It might even be a brain
tumor for all we know.

900
00:44:10,774 --> 00:44:11,773
Of course he's been acting strange.

901
00:44:11,875 --> 00:44:13,574
He's taken everybody for a $50 billion ride

902
00:44:13,643 --> 00:44:14,643
and crashed into a wall.

903
00:44:14,677 --> 00:44:16,878
Don't you see what's been going on, Andy?

904
00:44:16,946 --> 00:44:19,013
All the secrecy, promoting DiPascali?

905
00:44:19,115 --> 00:44:20,782
Keeping us out of the investment business?

906
00:44:20,850 --> 00:44:22,350
Where are you going? To find a lawyer.

907
00:44:22,452 --> 00:44:24,085
A lawyer? What, are you gonna
walk around on the street

908
00:44:24,187 --> 00:44:24,768
and ask if they can

909
00:44:24,793 --> 00:44:25,686
- represent you?
- Come on, man.

910
00:44:25,722 --> 00:44:27,321
Steph's uncle's got a law
firm five blocks from here.

911
00:44:27,424 --> 00:44:28,990
I'll call him and have them meet us there.

912
00:44:29,058 --> 00:44:31,426
We're exposed, Andy.

913
00:44:31,528 --> 00:44:33,795
He's left us no choice.

914
00:44:33,863 --> 00:44:35,730
Let's go!

915
00:44:39,002 --> 00:44:40,835
So, a couple of hundred million?

916
00:44:40,904 --> 00:44:42,170
What happens to that?

917
00:44:42,238 --> 00:44:44,705
I don't think we should go
into the details right now.

918
00:44:44,741 --> 00:44:46,040
You said we had nothing left.

919
00:44:46,109 --> 00:44:47,842
What does... What does "nothing left" mean?

920
00:44:47,944 --> 00:44:50,044
Does it mean that we... that we downsize

921
00:44:50,079 --> 00:44:52,647
to a smaller apartment or
sleep out on the street?

922
00:44:52,682 --> 00:44:54,649
Downsizing.

923
00:44:54,751 --> 00:44:55,917
Yeah.

924
00:44:55,985 --> 00:44:57,885
Yeah.

925
00:44:57,987 --> 00:45:00,121
Yeah, it's downsizing, all right.

926
00:45:00,190 --> 00:45:01,756
I don't... I don't understand this.

927
00:45:01,858 --> 00:45:02,890
You're not a criminal.

928
00:45:02,992 --> 00:45:06,761
Yes, Ruthie, I am a criminal.

929
00:45:22,745 --> 00:45:25,046
A lot of you might not
believe what you're seeing,

930
00:45:25,114 --> 00:45:26,848
but it's the truth.

931
00:45:26,950 --> 00:45:29,116
The night I confessed to Ruth and the boys

932
00:45:29,185 --> 00:45:32,286
was the same night as the
company Christmas party,

933
00:45:32,355 --> 00:45:37,425
held as always at Rosa
Mexicana, guacamole heaven.

934
00:45:37,527 --> 00:45:41,128
Why? Why did I do that?

935
00:45:41,197 --> 00:45:44,499
I'd known these people for
years, and all that time,

936
00:45:44,567 --> 00:45:46,133
they trusted me as the guy

937
00:45:46,202 --> 00:45:48,536
who knew what was best for everybody.

938
00:45:48,605 --> 00:45:50,137
Tonight was the last time

939
00:45:50,240 --> 00:45:53,007
I'd ever see them look
at me like that again.

940
00:45:55,778 --> 00:45:57,111
This is $50 billion, you said,

941
00:45:57,213 --> 00:45:58,779
not million, but billion, with a "B"?

942
00:45:58,882 --> 00:45:59,882
Yes, sir.

943
00:45:59,883 --> 00:46:01,349
I've met your father, you know.

944
00:46:01,451 --> 00:46:02,817
More than once.

945
00:46:02,886 --> 00:46:05,319
My colleague has his
retirement fund with him.

946
00:46:05,421 --> 00:46:07,255
Not anymore.

947
00:46:10,760 --> 00:46:12,126
Okay.

948
00:46:12,195 --> 00:46:15,263
Um... let me ask you, does your
mother know that you're here?

949
00:46:15,365 --> 00:46:17,431
No.

950
00:46:17,534 --> 00:46:19,166
Ruth!

951
00:46:19,235 --> 00:46:20,268
Margarita?

952
00:46:20,370 --> 00:46:21,502
No, thanks.

953
00:46:21,604 --> 00:46:22,803
Yeah.

954
00:46:22,906 --> 00:46:24,405
Thanks.

955
00:46:24,507 --> 00:46:27,275
I haven't seen Andrew or
Mark. They're coming, right?

956
00:46:27,343 --> 00:46:30,378
Yeah, they're just... they're
just running a little behind.

957
00:46:30,480 --> 00:46:32,880
What is this?

958
00:46:32,982 --> 00:46:34,882
I have no idea.

959
00:46:34,951 --> 00:46:37,018
So you said that your
father wants to wait a week

960
00:46:37,086 --> 00:46:39,654
before turning himself in to
pay out the money that's left,

961
00:46:39,722 --> 00:46:41,556
- is that right?
- Mm-hmm.

962
00:46:41,624 --> 00:46:43,858
It's not his to spend. It's stolen.

963
00:46:43,893 --> 00:46:47,094
If he plans to disperse any
of it to anyone at all...

964
00:46:47,130 --> 00:46:50,364
anyone... this is a crime
that's currently in progress.

965
00:46:50,466 --> 00:46:52,099
Does that mean that we're guilty?

966
00:46:52,135 --> 00:46:54,435
It's my strong advice that we go
to the authorities immediately.

967
00:46:54,504 --> 00:46:56,938
The SEC, the FBI, the U.S. attorney...

968
00:46:57,040 --> 00:47:00,975
if your father gives any of that
money away, you are complicit.

969
00:47:07,550 --> 00:47:08,849
Hey, Bern.

970
00:47:08,885 --> 00:47:10,184
What is it that's so important

971
00:47:10,253 --> 00:47:12,086
you had to take me away
from my favorite food?

972
00:47:12,188 --> 00:47:14,155
Peter, listen, uh,

973
00:47:14,223 --> 00:47:17,558
I have committed some
irregularities with the company.

974
00:47:17,627 --> 00:47:19,060
Bernie, I've always
known that certain things

975
00:47:19,162 --> 00:47:20,294
weren't completely on the level...

976
00:47:20,363 --> 00:47:22,363
No, no, no, no, no,
no. You don't know that.

977
00:47:22,465 --> 00:47:23,864
That's what you don't know.

978
00:47:23,933 --> 00:47:26,701
You don't know that
anything was off the level.

979
00:47:26,803 --> 00:47:29,303
You don't know that. Do you understand me?

980
00:47:29,372 --> 00:47:33,274
I need a week to take
care of certain people,

981
00:47:33,343 --> 00:47:36,377
and then I have to turn myself in.

982
00:47:36,446 --> 00:47:38,713
And I'm gonna probably
end up going to jail.

983
00:47:38,815 --> 00:47:41,315
Okay?

984
00:47:41,417 --> 00:47:42,650
Okay.

985
00:47:44,587 --> 00:47:45,453
All right.

986
00:47:45,555 --> 00:47:46,921
Don't go to jail.

987
00:47:53,930 --> 00:47:57,164
Oh, no, Peter, Peter, stop. Please, please.

988
00:47:57,266 --> 00:47:59,300
Don't.

989
00:47:59,369 --> 00:48:00,369
All right.

990
00:48:00,470 --> 00:48:01,470
I love you, Bernie.

991
00:48:01,504 --> 00:48:02,770
I love you, too.

992
00:48:02,805 --> 00:48:04,138
- Look...
- Go on, go on.

993
00:48:10,346 --> 00:48:12,913
These affidavits testify to the key points

994
00:48:12,982 --> 00:48:15,249
of what you've told us here tonight.

995
00:48:15,351 --> 00:48:18,452
All you have to do is sign.
But don't do it lightly.

996
00:48:18,554 --> 00:48:20,321
Well, I just want to remind you

997
00:48:20,423 --> 00:48:22,923
that the reason my clients
came forward tonight

998
00:48:22,992 --> 00:48:25,693
is because they are
completely and totally innocent

999
00:48:25,795 --> 00:48:27,762
of any involvement in these crimes.

1000
00:48:27,797 --> 00:48:30,264
Understood. But please remember,

1001
00:48:30,333 --> 00:48:33,067
once you sign, there's no going back.

1002
00:48:33,169 --> 00:48:34,368
These are sworn statements

1003
00:48:34,437 --> 00:48:37,071
that can be used against
your father in a court of law.

1004
00:48:37,173 --> 00:48:38,639
- Sign that.
- This is for you, Andy.

1005
00:48:38,708 --> 00:48:41,275
Excuse me.

1006
00:48:46,149 --> 00:48:47,815
Sign where your name is.

1007
00:49:05,935 --> 00:49:08,469
Thank you, gentlemen.

1008
00:49:23,352 --> 00:49:25,553
Mr. Madoff?

1009
00:49:25,655 --> 00:49:26,887
Yeah.

1010
00:49:26,989 --> 00:49:28,889
We're from the FBI. Do
you know why we're here?

1011
00:49:28,991 --> 00:49:30,991
I didn't hear the house phone.

1012
00:49:31,060 --> 00:49:32,827
What's going... What's going on?

1013
00:49:32,929 --> 00:49:34,962
Somebody turned me in.

1014
00:49:35,064 --> 00:49:36,163
Who?

1015
00:49:36,265 --> 00:49:38,232
Who do you think?

1016
00:49:38,267 --> 00:49:42,002
I floated my sons for 40 years.

1017
00:49:42,105 --> 00:49:43,971
And this is how they repay me...

1018
00:49:44,073 --> 00:49:48,008
by lawyering up and ruining my exit plan.

1019
00:49:48,111 --> 00:49:51,212
Just 10 days to put things in order.

1020
00:49:51,280 --> 00:49:54,215
All they had to give me was five minutes.

1021
00:50:09,312 --> 00:50:10,712
Hey, do me a favor... next time,

1022
00:50:10,781 --> 00:50:12,213
have them fill the tequila bottles

1023
00:50:12,282 --> 00:50:13,581
- with cranberry and tonic.
- Frank. Frank.

1024
00:50:13,650 --> 00:50:15,216
My head is like a... Huh?

1025
00:50:15,318 --> 00:50:17,385
Why is the FBI here?

1026
00:50:17,454 --> 00:50:19,587
On the computer, ma'am.

1027
00:50:28,432 --> 00:50:30,064
Hey, Bern, it's like 10:45.

1028
00:50:30,133 --> 00:50:32,600
Look, I'm sure that Peter
has told you the FBI is here,

1029
00:50:32,702 --> 00:50:34,035
but I keep getting calls...

1030
00:50:34,104 --> 00:50:36,938
DiPascali, Crupi, Bongiorno.

1031
00:50:37,040 --> 00:50:39,340
Where can we find their offices?

1032
00:50:39,443 --> 00:50:40,909
Oh, they're not up here.

1033
00:50:40,977 --> 00:50:42,210
What do you mean, "up here"?

1034
00:50:42,312 --> 00:50:44,145
They're on 17.

1035
00:50:46,383 --> 00:50:48,783
Get all those papers
off the wall. Let's go.

1036
00:50:50,854 --> 00:50:52,487
Come on, pick these papers up.

1037
00:50:52,589 --> 00:50:54,689
Make sure they make it into the shredder.

1038
00:50:54,791 --> 00:50:56,191
Guys, guys, don't jam 'em in.

1039
00:50:56,293 --> 00:50:57,826
Whoa, whoa, whoa.

1040
00:51:02,499 --> 00:51:05,200
Ma'am, make sure you get
those. Lots of journals.

1041
00:51:08,171 --> 00:51:11,105
double-digit returns, even
in the worst of markets.

1042
00:51:11,174 --> 00:51:13,842
Federal authorities revealed
this was no market magic.

1043
00:51:13,910 --> 00:51:15,810
It was a grand Ponzi scheme.

1044
00:51:15,879 --> 00:51:17,078
Yeah?

1045
00:51:17,180 --> 00:51:18,580
What?

1046
00:51:18,682 --> 00:51:20,248
Bernie?

1047
00:51:20,317 --> 00:51:22,784
You got to be kidding me.

1048
00:51:22,853 --> 00:51:24,953
Monsieur, your brother's on the telephone.

1049
00:51:25,055 --> 00:51:27,422
What? Really, what is it?

1050
00:51:27,524 --> 00:51:29,224
Mr. Madoff has been arrested.

1051
00:51:34,651 --> 00:51:36,528
_

1052
00:51:39,402 --> 00:51:40,969
Well, we're learning more this morning

1053
00:51:41,071 --> 00:51:42,470
about what authorities are calling

1054
00:51:42,539 --> 00:51:43,905
the largest financial scam ever.

1055
00:51:44,007 --> 00:51:45,540
A powerful New York investment broker

1056
00:51:45,642 --> 00:51:49,611
accused of bilking
investors out of $50 billion.

1057
00:51:49,713 --> 00:51:51,045
For years, he made good on...

1058
00:51:51,081 --> 00:51:52,914
amazing investor.

1059
00:51:52,949 --> 00:51:55,683
He made big money year after
year, double-digit returns.

1060
00:51:55,752 --> 00:51:58,853
It sounded too good to be true, and it was.

1061
00:51:58,922 --> 00:52:01,923
Financier Bernard Madoff now stands accused

1062
00:52:01,958 --> 00:52:04,225
of running a $50 billion fraud.

1063
00:52:04,294 --> 00:52:06,461
He faces 20 years in prison
and millions in fines.

1064
00:52:06,530 --> 00:52:08,363
I'm watching him on television right now.

1065
00:52:08,431 --> 00:52:10,398
And ABC News has learned,
George, that the two employees

1066
00:52:10,433 --> 00:52:12,100
that turned Madoff in
were, in fact, his sons.

1067
00:52:12,168 --> 00:52:14,168
Well, we're learning more this morning

1068
00:52:14,237 --> 00:52:15,597
about what authorities are calling

1069
00:52:15,639 --> 00:52:16,804
the largest financial scam ever,

1070
00:52:16,873 --> 00:52:18,640
a powerful New York investment broker...

1071
00:52:18,742 --> 00:52:21,309
Aah!

1072
00:52:28,518 --> 00:52:30,952
That's right. Just me.

1073
00:52:30,987 --> 00:52:35,757
Just you? A $50 billion fraud,
and nobody else was involved?

1074
00:52:35,792 --> 00:52:37,125
That's correct.

1075
00:52:37,227 --> 00:52:38,626
Nobody?

1076
00:52:38,695 --> 00:52:41,195
Am I not being clear, Ethan?

1077
00:52:41,298 --> 00:52:42,964
- Not Frank DiPascali?
- No.

1078
00:52:42,999 --> 00:52:44,732
- Not Annette Bongiorno?
- No.

1079
00:52:44,801 --> 00:52:45,801
- Not your brother?
- No.

1080
00:52:45,869 --> 00:52:47,001
Not your sons? Your wife?

1081
00:52:47,103 --> 00:52:48,269
No.

1082
00:52:48,371 --> 00:52:49,904
If he wants to make bail,

1083
00:52:49,973 --> 00:52:52,206
he's gonna have to do a hell
of a lot better than this.

1084
00:52:52,275 --> 00:52:54,035
He's cooperating. What
do you want him to do?

1085
00:52:54,110 --> 00:52:55,276
- Draw you a treasure map?
- Yes!

1086
00:52:56,513 --> 00:52:58,479
That's exactly what I want him to do.

1087
00:52:58,582 --> 00:53:00,102
Bernie confessed, of his own free will,

1088
00:53:00,116 --> 00:53:01,282
even before calling me,

1089
00:53:01,384 --> 00:53:03,384
which I'm sure you can
guess I'm thrilled about.

1090
00:53:03,486 --> 00:53:05,687
Let's cut the crap.

1091
00:53:05,789 --> 00:53:08,089
You've got the centerpiece
of your case well in hand.

1092
00:53:21,471 --> 00:53:22,804
Sorry, Ethan.

1093
00:53:22,906 --> 00:53:25,373
A personal recognizance
bond isn't gonna cut it.

1094
00:53:25,442 --> 00:53:27,075
You want your client to go home?

1095
00:53:27,143 --> 00:53:30,478
I need a $10 million bond posted.

1096
00:53:30,547 --> 00:53:33,414
He's gonna have to be
placed under house arrest.

1097
00:53:33,483 --> 00:53:36,317
And I'm gonna need that
bond signed by four people

1098
00:53:36,386 --> 00:53:38,386
willing to stand for him...

1099
00:53:38,488 --> 00:53:41,623
assuming there are any left.

1100
00:53:41,725 --> 00:53:43,791
It has to be signed by four people?

1101
00:53:43,893 --> 00:53:45,627
You, me, and the boys.

1102
00:53:45,695 --> 00:53:48,396
And then we can bring them home.

1103
00:53:48,465 --> 00:53:50,198
Of course, Ruthie. Just fax it over.

1104
00:53:50,266 --> 00:53:52,266
I'll sign it and get it right back to you.

1105
00:53:52,335 --> 00:53:54,702
Oh, thank you, Peter. That's a relief.

1106
00:53:54,771 --> 00:53:56,738
Yeah, now the boys.

1107
00:53:56,806 --> 00:53:59,907
Okay. Yeah. Yeah, of course.

1108
00:54:00,010 --> 00:54:01,809
I'll keep you posted.

1109
00:54:06,716 --> 00:54:08,750
Listen to me right now, Mom.

1110
00:54:08,852 --> 00:54:09,852
Mom, listen to me.

1111
00:54:09,919 --> 00:54:11,719
Do... Do you understand me? No!

1112
00:54:11,821 --> 00:54:14,122
No, Andy and I are never
gonna help our father.

1113
00:54:14,190 --> 00:54:15,423
Mark, you've got to calm down.

1114
00:54:15,492 --> 00:54:17,325
Do you understand me? We
are not signing the bond!

1115
00:54:17,427 --> 00:54:19,060
Do you want to save yourself, Mom?

1116
00:54:19,162 --> 00:54:21,029
You let him rot in jail where he belongs!

1117
00:54:32,108 --> 00:54:33,808
Too much.

1118
00:54:38,014 --> 00:54:40,314
Mark. Mark, Mark!

1119
00:54:40,417 --> 00:54:41,416
- Tell her to leave.
- Stop, I will.

1120
00:54:41,518 --> 00:54:42,750
Tell her to leave. I need you to calm down.

1121
00:54:42,852 --> 00:54:44,252
I don't want her here.
Just sit down over there.

1122
00:54:44,354 --> 00:54:45,420
- I do not want her here.
- Okay, fine.

1123
00:54:45,522 --> 00:54:46,522
Tell her to go.

1124
00:54:46,589 --> 00:54:47,655
Mark, you've got to calm down, okay?

1125
00:54:49,159 --> 00:54:51,325
- Mom.
- Open the door.

1126
00:54:51,428 --> 00:54:53,061
- Mom!
- You're signing this bond!

1127
00:54:53,163 --> 00:54:55,403
- You're signing it right now.
- Tell her to leave, Andy.

1128
00:54:56,666 --> 00:54:57,899
I'm gonna make it very simple.

1129
00:54:57,967 --> 00:54:59,927
He's given you everything!
Okay, it's your choice.

1130
00:54:59,936 --> 00:55:01,096
- Us or him!
- You son of a...

1131
00:55:01,104 --> 00:55:03,137
All your father has done for you.

1132
00:55:03,239 --> 00:55:05,540
Don't be so unreasonable. Let me in.

1133
00:55:07,109 --> 00:55:10,231
Many of Madoff's victims,
hungry for justice.

1134
00:55:10,333 --> 00:55:12,800
And he looked at me,
and I saw a hollow face.

1135
00:55:12,869 --> 00:55:14,468
Hollow. There was nothing in it.

1136
00:55:14,537 --> 00:55:15,903
No emotion whatsoever.

1137
00:55:15,972 --> 00:55:17,438
- You met his eyes?
- Yes.

1138
00:55:17,473 --> 00:55:19,240
And there was nothing there.

1139
00:55:19,308 --> 00:55:21,542
I met Richard and Cynthia Freidman.

1140
00:55:21,577 --> 00:55:23,177
We were investors with Madoff.

1141
00:55:23,246 --> 00:55:24,879
- We lost everything.
- Everything.

1142
00:55:24,914 --> 00:55:27,281
Everything, yes. All our life's savings.

1143
00:55:27,316 --> 00:55:30,217
They were skeptical that
justice would truly be done.

1144
00:55:30,286 --> 00:55:34,188
There's something about being in
the presence of somebody that evil.

1145
00:55:36,659 --> 00:55:40,127
So, when was it exactly
that I became the poster boy

1146
00:55:40,196 --> 00:55:42,930
for all of Wall Street's crimes?

1147
00:55:43,032 --> 00:55:45,566
Maybe it was when all the celebrities

1148
00:55:45,635 --> 00:55:47,601
who took a hit were revealed.

1149
00:55:49,839 --> 00:55:51,505
No, no.

1150
00:55:51,607 --> 00:55:54,175
Who doesn't love to see celebrities suffer?

1151
00:55:54,277 --> 00:55:56,911
Maybe it was the charities.

1152
00:55:57,013 --> 00:56:00,414
And I admit that didn't exactly
show me in the best light.

1153
00:56:00,550 --> 00:56:01,916
No, no, no.

1154
00:56:01,984 --> 00:56:04,985
Even after what that
idiot Frenchman pulled,

1155
00:56:05,054 --> 00:56:06,654
trying to show the world

1156
00:56:06,756 --> 00:56:09,390
what an honorable aristocrat he was...

1157
00:56:09,492 --> 00:56:11,559
That didn't do it.

1158
00:56:11,661 --> 00:56:13,027
No.

1159
00:56:13,095 --> 00:56:16,030
The moment that the
world decided to make me

1160
00:56:16,098 --> 00:56:20,267
the 21st-century icon of evil and greed,

1161
00:56:20,369 --> 00:56:23,304
the monster of Wall Street,

1162
00:56:23,406 --> 00:56:26,140
when I came home for house arrest.

1163
00:56:26,242 --> 00:56:28,242
Bernie, are you gonna
give any of the money...

1164
00:56:28,344 --> 00:56:29,977
Bernie, are you gonna plead guilty?

1165
00:56:34,617 --> 00:56:35,850
There, right there.

1166
00:56:35,918 --> 00:56:39,220
That smirk... that smirk
seen around the world

1167
00:56:39,288 --> 00:56:43,157
and replayed for days on
every network on the planet.

1168
00:56:43,226 --> 00:56:44,725
Yeah, I know.

1169
00:56:44,794 --> 00:56:47,127
I know what you think
you saw in that smirk...

1170
00:56:47,163 --> 00:56:48,429
a man without remorse,

1171
00:56:48,497 --> 00:56:49,730
a rich man confident

1172
00:56:49,799 --> 00:56:52,333
that his money would put him above the law.

1173
00:56:52,401 --> 00:56:55,002
You think you saw a man scorning the world.

1174
00:56:55,071 --> 00:56:58,372
Well, you couldn't have been more wrong.

1175
00:56:58,474 --> 00:57:01,308
But I'm really not some evil, horrible,

1176
00:57:01,410 --> 00:57:03,377
ethically deprived scoundrel.

1177
00:57:03,479 --> 00:57:06,914
I'm basically an ordinary businessman

1178
00:57:07,016 --> 00:57:10,050
who simply got in over his head.

1179
00:57:10,152 --> 00:57:13,254
I'm gonna go in alone.

1180
00:57:13,322 --> 00:57:15,456
No way. I'm not letting you
go out there unprotected.

1181
00:57:15,524 --> 00:57:17,725
They're not gonna come at
me if I'm not with you, okay?

1182
00:57:17,827 --> 00:57:19,126
I love you.

1183
00:57:19,228 --> 00:57:20,228
That's him!

1184
00:57:21,464 --> 00:57:24,798
Go, go, go, go, go, go!

1185
00:57:24,867 --> 00:57:27,034
Go, go, go!

1186
00:57:44,153 --> 00:57:46,887
Excuse me, ma'am, you can't be here.

1187
00:57:46,989 --> 00:57:49,256
Ma'am, this is a crime
scene. You have to leave.

1188
00:57:49,325 --> 00:57:51,158
No disrespect, agent,

1189
00:57:51,227 --> 00:57:53,661
but I'm sick of waiting
around for you to figure out

1190
00:57:53,729 --> 00:57:55,896
that I'm the person you
need to be talking to.

1191
00:57:55,965 --> 00:57:58,098
Here.

1192
00:57:58,200 --> 00:58:00,601
His personal address book.

1193
00:58:00,636 --> 00:58:03,904
All 130 of his "must have with
him at all times" contacts.

1194
00:58:03,940 --> 00:58:06,140
Everyone he stole from is in that book.

1195
00:58:06,175 --> 00:58:07,775
And just who, exactly, are you?

1196
00:58:09,378 --> 00:58:12,546
I was his secretary.

1197
00:58:15,818 --> 00:58:18,218
Many of the largest
investment firms on Wall Street

1198
00:58:18,321 --> 00:58:19,887
didn't do business with Mr. Madoff.

1199
00:58:19,956 --> 00:58:21,455
Why didn't they go to the SEC?

1200
00:58:21,557 --> 00:58:23,090
Because the SEC wouldn't
have done anything.

1201
00:58:23,192 --> 00:58:24,425
Why would you watch that?

1202
00:58:24,493 --> 00:58:27,294
People who live in glass
houses don't throw stones.

1203
00:58:27,396 --> 00:58:28,963
Penance, maybe.

1204
00:58:29,065 --> 00:58:29,930
What?

1205
00:58:30,032 --> 00:58:30,998
Voluntary self-punishment.

1206
00:58:31,067 --> 00:58:32,433
The SEC comes in after the fact,

1207
00:58:32,468 --> 00:58:34,835
toe-tags the victims, counts the bodies...

1208
00:58:34,904 --> 00:58:39,139
Used to be a popular concept
in the very, very old days.

1209
00:58:42,345 --> 00:58:45,980
Anyway, I won't close my
eyes to what I've done.

1210
00:58:46,082 --> 00:58:48,515
Hey.

1211
00:58:48,584 --> 00:58:51,352
Uncle Bernie's the one that
put all of us in jeopardy

1212
00:58:51,420 --> 00:58:53,020
and ruined everyone we know.

1213
00:58:53,089 --> 00:58:54,688
You did nothing wrong.

1214
00:58:54,757 --> 00:58:57,858
Dad, it's not your fault.

1215
00:58:57,927 --> 00:59:00,661
You didn't know what he was doing.

1216
00:59:00,763 --> 00:59:04,365
I was Chief Compliance Officer.

1217
00:59:04,467 --> 00:59:06,633
It was my job to stop it.

1218
00:59:09,805 --> 00:59:14,508
They're not gonna just
let me walk away from this.

1219
00:59:16,912 --> 00:59:18,879
Hey, this is Mark. Leave a message.

1220
00:59:20,216 --> 00:59:23,117
Why won't you talk to me, huh?

1221
00:59:23,185 --> 00:59:25,219
Listen, I'm the one that should be angry...

1222
00:59:25,321 --> 00:59:26,987
with you and your brother.

1223
00:59:27,089 --> 00:59:29,590
How could you betray your father like this,

1224
00:59:29,658 --> 00:59:31,725
after all that he has done for you?

1225
00:59:31,827 --> 00:59:37,664
Why... Why this pointless demand
that I choose between you, why?

1226
00:59:37,767 --> 00:59:41,402
Why should I have to choose
between my husband and my son?

1227
00:59:41,470 --> 00:59:44,371
What... What... What good
would it do if I left him?

1228
00:59:44,473 --> 00:59:46,073
What difference would it make?

1229
00:59:46,175 --> 00:59:49,276
You know all you're doing,
Mark, is just ripping this fa...

1230
00:59:52,314 --> 00:59:54,348
family apart!

1231
00:59:59,379 --> 01:00:00,745
In Denver, President Obama signed

1232
01:00:00,813 --> 01:00:03,548
the massive $787 billion
economic stimulus bill, saying,

1233
01:00:03,583 --> 01:00:07,351
"It would keep the American
Dream alive in our time."

1234
01:00:07,420 --> 01:00:09,120
At the same time on Wall Street,

1235
01:00:09,222 --> 01:00:11,455
the Dow dropped nearly 300 points

1236
01:00:11,524 --> 01:00:14,325
after worries about clouds on the horizon.

1237
01:00:14,394 --> 01:00:16,861
President Barack Obama
sees today's signings

1238
01:00:16,963 --> 01:00:18,796
as a historic moment that will end the run

1239
01:00:18,865 --> 01:00:20,598
of economic calamities.

1240
01:00:20,700 --> 01:00:23,134
None greater than the
ultimate Wall Street fraud,

1241
01:00:23,202 --> 01:00:24,268
Bernie Madoff.

1242
01:00:24,337 --> 01:00:26,037
- I'm the fraud, eh?
- turn the economy around.

1243
01:00:26,105 --> 01:00:28,306
But today does mark the
beginning of the end.

1244
01:00:28,374 --> 01:00:32,743
Ah, the whole financial system's
rotten from the top down.

1245
01:00:32,812 --> 01:00:34,979
I'm just a dirty little fish

1246
01:00:35,048 --> 01:00:38,616
swimming around in a
great, big, dirty pond.

1247
01:00:38,718 --> 01:00:40,651
You know the biggest banks in the world

1248
01:00:40,753 --> 01:00:44,288
sell their customers
assets they know are toxic,

1249
01:00:44,357 --> 01:00:45,723
and... and... and the ratings board

1250
01:00:45,792 --> 01:00:47,592
gives them a rubber stamp of approval.

1251
01:00:47,694 --> 01:00:49,860
And the politicians then tell the public

1252
01:00:49,896 --> 01:00:52,330
that Wall Street is gonna police itself.

1253
01:00:52,432 --> 01:00:53,432
Ha!

1254
01:00:55,401 --> 01:00:58,970
And then we all get bailed out,

1255
01:00:59,038 --> 01:01:00,371
and they got to pay billions

1256
01:01:00,440 --> 01:01:02,340
and billions and billions of dollars.

1257
01:01:02,442 --> 01:01:04,775
And they call me a fraud?!

1258
01:01:04,811 --> 01:01:07,578
And I ran the biggest Ponzi
scheme in history, okay,

1259
01:01:07,647 --> 01:01:10,915
within the biggest Ponzi scheme in history.

1260
01:01:11,017 --> 01:01:12,350
Ah.

1261
01:01:15,088 --> 01:01:17,455
I'm the fall guy.

1262
01:01:20,793 --> 01:01:23,894
You have no idea how good
it is to see your face.

1263
01:01:23,963 --> 01:01:26,464
It's just been killing me not to...

1264
01:01:26,566 --> 01:01:30,167
not to see you or Mark for
the past two... two months.

1265
01:01:30,203 --> 01:01:32,203
Well, Mark would kill
me if he knew I was here.

1266
01:01:32,305 --> 01:01:33,305
How is he?

1267
01:01:33,406 --> 01:01:35,506
How are any of us? Not good.

1268
01:01:35,575 --> 01:01:37,875
Well, you're holding
up all right, it seems,

1269
01:01:37,944 --> 01:01:39,110
all things considered.

1270
01:01:39,145 --> 01:01:41,545
Well, it's easier for me
to adjust than you and Mark.

1271
01:01:41,614 --> 01:01:44,415
I didn't spend my whole life
worrying about being liked.

1272
01:01:44,450 --> 01:01:46,150
So, what is it? What did you want to ask?

1273
01:01:46,252 --> 01:01:47,451
I want to see Mark's baby.

1274
01:01:47,520 --> 01:01:49,720
I want to come to the
hospital when the baby comes.

1275
01:01:49,822 --> 01:01:51,756
No. Mom, I know it's hard.

1276
01:01:51,791 --> 01:01:56,727
Mark has his feelings, and
they're never gonna change

1277
01:01:56,829 --> 01:01:59,163
unless you completely cut off Dad.

1278
01:01:59,232 --> 01:02:01,332
Why... Why is it so hard for you both

1279
01:02:01,401 --> 01:02:03,300
to understand why I can't do that?

1280
01:02:03,369 --> 01:02:04,869
Maybe you never loved anybody

1281
01:02:04,971 --> 01:02:06,904
like your father and I love each other,

1282
01:02:07,006 --> 01:02:08,305
or else you would understand

1283
01:02:08,408 --> 01:02:10,775
why what you're asking me is impossi...

1284
01:02:10,843 --> 01:02:13,210
He lied to us every day, Mom, you included.

1285
01:02:13,312 --> 01:02:15,346
And now we have to pay for his lies.

1286
01:02:15,415 --> 01:02:17,415
Cut him off.

1287
01:02:20,720 --> 01:02:22,486
You have a future.

1288
01:02:22,555 --> 01:02:25,056
The whole family has a future.

1289
01:02:25,158 --> 01:02:26,857
Just not him.

1290
01:02:32,398 --> 01:02:35,232
Nobody will ever love me like that again.

1291
01:02:37,270 --> 01:02:40,705
Nobody will ever love me like that again.

1292
01:02:46,446 --> 01:02:48,145
Maybe your grandson will.

1293
01:02:50,183 --> 01:02:51,348
What?

1294
01:02:51,451 --> 01:02:52,983
It's a boy.

1295
01:02:53,086 --> 01:02:55,686
We just found out.

1296
01:02:55,722 --> 01:02:58,723
You know how much little
boys love their grandmas.

1297
01:03:00,493 --> 01:03:03,160
Ye...

1298
01:03:03,196 --> 01:03:05,563
I've got to go.

1299
01:03:40,466 --> 01:03:42,633
You can't help but wonder

1300
01:03:42,702 --> 01:03:44,902
whether Bernard Madoff is sleeping yet.

1301
01:03:45,004 --> 01:03:46,704
Tonight, the disgraced financier

1302
01:03:46,806 --> 01:03:49,106
will rest his head on a bare-boned bunk

1303
01:03:49,175 --> 01:03:52,510
in a New York City jail
cell for the first time...

1304
01:03:52,578 --> 01:03:56,413
not in the master bedroom of his
multimillion-dollar penthouse.

1305
01:04:02,955 --> 01:04:06,824
So they yanked my bail the
minute I made my guilty plea,

1306
01:04:06,926 --> 01:04:09,860
and they threw me in the
clink to wait to be sentenced.

1307
01:04:09,962 --> 01:04:13,497
Here's your lunch, douchebag. Choke on it.

1308
01:04:40,074 --> 01:04:43,209
So...

1309
01:04:43,311 --> 01:04:45,177
what's it like outside?

1310
01:04:45,279 --> 01:04:46,712
Good.

1311
01:04:46,814 --> 01:04:49,548
It's fabulous, actually.

1312
01:04:49,617 --> 01:04:51,417
I lost weight.

1313
01:04:51,519 --> 01:04:53,719
You know, 'cause I can't go out.

1314
01:04:53,821 --> 01:04:56,155
Or get groceries to the apartment.

1315
01:04:56,257 --> 01:04:58,090
They won't do that.

1316
01:04:58,159 --> 01:05:02,895
The salon won't book my appointment for me,

1317
01:05:02,964 --> 01:05:04,730
and no restaurants want me.

1318
01:05:04,832 --> 01:05:08,133
I'm the only homeless
person in the whole world

1319
01:05:08,202 --> 01:05:11,937
who lives in a penthouse,
and that's only temporary.

1320
01:05:15,243 --> 01:05:16,609
Why?

1321
01:05:16,711 --> 01:05:18,544
Why what?

1322
01:05:18,613 --> 01:05:20,579
Seriously.

1323
01:05:20,648 --> 01:05:23,349
Don't tell me you just
got in over your head.

1324
01:05:23,417 --> 01:05:25,517
I want to know why, Bernie, why?

1325
01:05:25,553 --> 01:05:28,354
Because people only want to
get richer and richer and richer

1326
01:05:28,422 --> 01:05:31,223
and they don't want the risk
and they don't want the worry.

1327
01:05:31,292 --> 01:05:33,492
Even the bank I put the money in,

1328
01:05:33,594 --> 01:05:36,495
I put billions of dollars
in that one account.

1329
01:05:36,564 --> 01:05:40,399
You think it occurred to them
to pick up a phone and say,

1330
01:05:40,501 --> 01:05:42,334
"Hey, we got an account here,

1331
01:05:42,403 --> 01:05:44,903
it's got billions of
dollars in it for 35 years.

1332
01:05:44,972 --> 01:05:47,039
Maybe you ought to take a look at it."

1333
01:05:47,141 --> 01:05:48,540
No.

1334
01:05:48,643 --> 01:05:50,843
Because I was the magician.

1335
01:05:52,213 --> 01:05:55,714
And nobody wants the magic trick explained.

1336
01:05:55,816 --> 01:05:59,985
And that's what you get
for believing in magic.

1337
01:06:13,434 --> 01:06:16,035
Okay, so, another lawsuit.

1338
01:06:16,103 --> 01:06:17,703
Read all the way to the bottom.

1339
01:06:22,143 --> 01:06:24,677
Our kids? They want to sue our kids?

1340
01:06:24,779 --> 01:06:26,879
They're suing my 3-year-old daughter.

1341
01:06:26,947 --> 01:06:29,281
That's insane. It's gonna get thrown out.

1342
01:06:29,317 --> 01:06:33,352
Look, Mark, this is totally screwed,

1343
01:06:33,421 --> 01:06:34,887
but we've got to just...

1344
01:06:34,955 --> 01:06:36,121
We've got to what?

1345
01:06:36,223 --> 01:06:37,423
We've got to play ball?

1346
01:06:37,525 --> 01:06:40,125
We've got to let them
rub our noses in the dirt?

1347
01:06:40,194 --> 01:06:43,562
Pretend that we like it
because we know we deserve it?

1348
01:06:43,631 --> 01:06:47,132
Does that make it okay for
them to threaten our kids,

1349
01:06:47,234 --> 01:06:49,101
who had absolutely no involvement

1350
01:06:49,170 --> 01:06:51,804
with what their scumbag grandfather did?

1351
01:06:51,872 --> 01:06:55,240
If they get anywhere near my
children, I swear to God...

1352
01:06:55,309 --> 01:06:57,009
No one's gonna hurt your kids.

1353
01:06:57,111 --> 01:06:58,777
It's... It's just a lawsuit.

1354
01:06:58,813 --> 01:07:00,446
We're dealing with hundreds of them.

1355
01:07:00,514 --> 01:07:02,915
Every judge in every lawsuit against us

1356
01:07:02,983 --> 01:07:06,118
can say that we're innocent,
and it wouldn't matter.

1357
01:07:06,187 --> 01:07:08,854
The world's never gonna believe us.

1358
01:07:08,956 --> 01:07:12,591
This day will pass. I can see it.

1359
01:07:12,626 --> 01:07:14,126
But I need you to picture it.

1360
01:07:16,097 --> 01:07:17,162
Why bother?

1361
01:07:17,198 --> 01:07:19,798
Why bother? Your wife, your kids.

1362
01:07:19,900 --> 01:07:20,900
Everything's gone.

1363
01:07:20,935 --> 01:07:22,735
What are you talking about?

1364
01:07:22,803 --> 01:07:25,404
They've taken everything... even our name.

1365
01:07:25,473 --> 01:07:26,939
Mark, please.

1366
01:07:29,777 --> 01:07:31,543
We're changing our name.

1367
01:07:31,645 --> 01:07:33,879
Steph and I figured it was...

1368
01:07:33,914 --> 01:07:37,449
it was for the best,
especially for the kids.

1369
01:07:37,518 --> 01:07:43,622
We will now be known as
Stephanie and Mark Mack.

1370
01:07:43,691 --> 01:07:45,424
Why would you do that?

1371
01:07:45,493 --> 01:07:48,560
Because I can't be a Madoff anymore.

1372
01:07:52,466 --> 01:07:55,667
Hello, Ed.

1373
01:07:55,736 --> 01:07:58,070
So, you won.

1374
01:07:58,139 --> 01:07:59,905
You're the hero.

1375
01:08:01,675 --> 01:08:03,809
Well, I don't feel like a hero.

1376
01:08:03,878 --> 01:08:06,979
I feel horrible for every single person

1377
01:08:07,047 --> 01:08:08,714
involved with this thing.

1378
01:08:08,783 --> 01:08:12,384
Well, hopefully that's gonna
change, thanks in part to you.

1379
01:08:14,355 --> 01:08:16,221
Nothing's gonna change, Ed.

1380
01:08:17,725 --> 01:08:20,659
The SEC's gonna go right
on doing what it's doing

1381
01:08:20,728 --> 01:08:22,995
and nothing short of a
revolution in the street

1382
01:08:23,063 --> 01:08:24,229
is gonna change anything.

1383
01:08:24,298 --> 01:08:27,065
I'm glad you finally got
what you wanted, Harry.

1384
01:08:27,168 --> 01:08:29,234
It's made you so much happier.

1385
01:08:43,951 --> 01:08:46,185
Can you imagine? They offered me a deal.

1386
01:08:46,253 --> 01:08:48,387
So I told them, I ain't rolling over.

1387
01:08:48,489 --> 01:08:49,822
Ain't no way.

1388
01:08:49,924 --> 01:08:52,658
There's guys out there doing
worse things than we ever did.

1389
01:08:52,760 --> 01:08:55,561
We can fight through
this, Bernie. I got faith.

1390
01:08:55,596 --> 01:08:57,830
Besides, we never had that
fishing day on my boat.

1391
01:08:57,932 --> 01:08:58,932
Shut up!

1392
01:08:58,999 --> 01:09:01,467
There's no play here, Frank.

1393
01:09:01,569 --> 01:09:03,068
Get out.

1394
01:09:03,137 --> 01:09:04,970
Save yourself.

1395
01:09:05,005 --> 01:09:07,739
And, Frank, I never liked fishing.

1396
01:09:07,808 --> 01:09:11,043
It was just an act I put on for my kids.

1397
01:09:20,921 --> 01:09:25,257
From approximately April of
1986 until December, 2008,

1398
01:09:25,359 --> 01:09:28,427
I directly participated
in Mr. Madoff's scheme

1399
01:09:28,462 --> 01:09:31,363
to defraud his investment
clients of billions of dollars.

1400
01:09:31,465 --> 01:09:33,799
Also directly involved were my colleagues

1401
01:09:33,901 --> 01:09:35,868
Annette Bongiorno and Jodi Crupi.

1402
01:09:35,970 --> 01:09:39,304
In addition, the Director of
Operations and several others,

1403
01:09:39,373 --> 01:09:43,375
all of whom worked with me
on the firm's 17th floor...

1404
01:09:43,477 --> 01:09:45,444
had roles in the fraud.

1405
01:09:45,546 --> 01:09:48,413
And you never made one trade?

1406
01:09:48,482 --> 01:09:52,417
The day I make a trade,
you'll be the first to know.

1407
01:09:52,520 --> 01:09:54,853
I had the use of a corporate credit card,

1408
01:09:54,955 --> 01:09:57,322
which I used to charge personal expenses,

1409
01:09:57,391 --> 01:09:59,424
including plane tickets for my son

1410
01:09:59,493 --> 01:10:01,793
and his fraternity brothers...

1411
01:10:01,896 --> 01:10:04,830
Bernard Madoff awaits judgment this morning

1412
01:10:04,899 --> 01:10:06,131
in U.S. District Court

1413
01:10:06,200 --> 01:10:08,300
for running the largest and longest-running

1414
01:10:08,402 --> 01:10:10,602
financial scam in history.

1415
01:10:16,944 --> 01:10:22,014
Your honor, I cannot offer
you an excuse for my behavior.

1416
01:10:22,082 --> 01:10:25,417
How do you excuse betraying
thousands of investors

1417
01:10:25,486 --> 01:10:27,086
who entrusted me with their life savings?

1418
01:10:27,121 --> 01:10:29,988
The financial devastation
can easily be defined,

1419
01:10:30,057 --> 01:10:33,659
but the emotional, spiritual,
and psychological devastation

1420
01:10:33,761 --> 01:10:34,793
is indescribable.

1421
01:10:34,862 --> 01:10:38,330
I sat in limbo for weeks, for months.

1422
01:10:38,432 --> 01:10:40,165
First, trying to figure out

1423
01:10:40,267 --> 01:10:43,035
how we were gonna help over 1,100 people.

1424
01:10:43,137 --> 01:10:45,604
Another year or two with my savings,

1425
01:10:45,673 --> 01:10:47,639
and then I'm just a pauper.

1426
01:10:47,708 --> 01:10:50,342
Wherever it goes from there, I don't know.

1427
01:10:50,411 --> 01:10:52,411
People have accused me of being silent

1428
01:10:52,513 --> 01:10:54,780
and not being sympathetic.

1429
01:10:54,848 --> 01:10:57,950
That is not true.

1430
01:10:58,018 --> 01:11:00,385
When my company was sold,

1431
01:11:00,454 --> 01:11:03,655
I just cashed it all in,
and I gave it all to Bernie.

1432
01:11:03,757 --> 01:11:06,158
And I always make a joke.

1433
01:11:06,226 --> 01:11:09,328
I said, "That probably
took him on a vacation."

1434
01:11:09,363 --> 01:11:14,032
We have, through the generosity
of friends, been able to stay...

1435
01:11:18,172 --> 01:11:19,771
My mom has already retired.

1436
01:11:19,807 --> 01:11:24,209
This was going to cause
a 70% drop in income

1437
01:11:24,278 --> 01:11:25,644
for the rest of her life.

1438
01:11:25,746 --> 01:11:29,314
I would love to meet him,
tell him what I think of him,

1439
01:11:29,416 --> 01:11:30,816
and spit in his face.

1440
01:11:30,884 --> 01:11:33,485
I apologize to my victims.

1441
01:11:33,587 --> 01:11:39,091
I will turn and face you.

1442
01:11:42,396 --> 01:11:45,130
The things that matter, I have.

1443
01:11:45,199 --> 01:11:48,300
And he can't take them away.

1444
01:11:48,402 --> 01:11:50,135
He just needs to be put away.

1445
01:11:50,237 --> 01:11:53,472
I mean, really, I would
love to see him with nothing.

1446
01:11:53,574 --> 01:11:57,175
I have to wonder out loud,
though, so he goes to jail.

1447
01:11:57,277 --> 01:11:59,378
He's gonna spend the
rest of his life in jail.

1448
01:11:59,480 --> 01:12:02,347
Is that justice? People's lives are ruined.

1449
01:12:03,817 --> 01:12:06,084
His 150-year sentence

1450
01:12:06,186 --> 01:12:10,055
virtually ensures he will spend
the rest of his life in jail.

1451
01:12:10,157 --> 01:12:13,258
The judge said a message had to be sent.

1452
01:12:13,360 --> 01:12:15,861
Ruth Madoff was not in the courtroom today

1453
01:12:15,963 --> 01:12:18,196
to say goodbye to her
husband, nor were his sons.

1454
01:12:18,265 --> 01:12:20,666
The judge said he had not
received a single letter

1455
01:12:20,768 --> 01:12:22,834
on Madoff's behalf from family or friends,

1456
01:12:22,903 --> 01:12:27,039
and even his own lawyer called
him a deeply flawed individual.

1457
01:12:27,141 --> 01:12:29,841
As he walked out today, I
saw no tears in his eyes.

1458
01:12:29,943 --> 01:12:31,643
And it seemed to me, Charlie,

1459
01:12:31,745 --> 01:12:34,312
there was a distinct smirk on his face.

1460
01:12:49,186 --> 01:12:51,753
Joanie? It's Ruthie.

1461
01:12:51,789 --> 01:12:55,457
You're the only person
that I... I could call.

1462
01:12:55,526 --> 01:12:59,528
'Cause all my friends and
my sons, they're just all...

1463
01:12:59,597 --> 01:13:04,766
Look, you're still my
big sister, though, right?

1464
01:13:05,769 --> 01:13:10,072
Joanie, I know that you lost
everything because of him,

1465
01:13:10,174 --> 01:13:13,108
but look, I-I...

1466
01:13:13,210 --> 01:13:14,610
Could I...

1467
01:13:14,678 --> 01:13:16,245
Would you...

1468
01:13:16,313 --> 01:13:18,614
I-I just don't have anyplace else to go.

1469
01:13:20,017 --> 01:13:22,518
And...

1470
01:13:25,589 --> 01:13:27,890
Okay, thank you, okay.

1471
01:13:32,530 --> 01:13:35,097
My first day inside was...

1472
01:13:35,166 --> 01:13:38,267
Well, let's just say the stress
levels were incredibly high.

1473
01:13:39,403 --> 01:13:41,136
Welcome home, Madoff!

1474
01:13:41,205 --> 01:13:44,740
But then, suddenly, I was
deemed welcome to my new home.

1475
01:13:44,842 --> 01:13:47,509
Hey, it's the $50 billion man!

1476
01:13:47,611 --> 01:13:50,646
Bernie! Bernie! Bernie!

1477
01:13:50,748 --> 01:13:52,548
Bernie! Bernie! Bernie!

1478
01:13:52,650 --> 01:13:56,785
In here, I was the guy
who stole $50 billion,

1479
01:13:56,887 --> 01:13:59,488
the greatest thief in history.

1480
01:13:59,557 --> 01:14:02,758
Bernie! Bernie! Bernie!

1481
01:14:04,261 --> 01:14:06,461
Well, that's some kind
of distinction, isn't it?

1482
01:14:20,578 --> 01:14:22,511
What?

1483
01:14:26,016 --> 01:14:27,016
What is that?

1484
01:14:27,051 --> 01:14:28,817
What is that? Really?

1485
01:14:28,886 --> 01:14:30,919
You're gonna pretend you don't know her?

1486
01:14:30,988 --> 01:14:32,828
Of course I know her.
That's the Hadassah lady.

1487
01:14:32,890 --> 01:14:35,290
50 years of marriage,
everything you put me through,

1488
01:14:35,326 --> 01:14:38,126
at least show me the respect of
not treating me like an idiot.

1489
01:14:38,195 --> 01:14:40,362
Ruth, I-I really, I don't have any idea

1490
01:14:40,431 --> 01:14:42,030
what you're talking about.

1491
01:14:42,099 --> 01:14:43,298
So, you deny it.

1492
01:14:43,334 --> 01:14:44,766
Of course I'm denying it!

1493
01:14:44,835 --> 01:14:47,035
All the things she should hate me for...

1494
01:14:47,137 --> 01:14:48,537
the destruction of our family...

1495
01:14:48,639 --> 01:14:49,771
This is crap!

1496
01:14:49,873 --> 01:14:51,340
all the lives I've ruined...

1497
01:14:51,442 --> 01:14:53,442
It's someone looking for attention.

1498
01:14:53,544 --> 01:14:54,544
I don't believe you.

1499
01:14:54,578 --> 01:14:55,578
Ruth.

1500
01:14:55,646 --> 01:14:56,878
I should leave you.

1501
01:14:56,947 --> 01:14:59,548
I should let you rot in here, you liar.

1502
01:14:59,617 --> 01:15:03,185
and the one thing that gets her is this.

1503
01:15:03,254 --> 01:15:04,920
You're right.

1504
01:15:08,492 --> 01:15:10,692
I was with her. I lied.

1505
01:15:13,130 --> 01:15:16,398
But she was... she wasn't you.

1506
01:15:16,500 --> 01:15:20,902
I was always thinking about
you when I was with her.

1507
01:15:21,005 --> 01:15:23,272
I don't know you.

1508
01:15:23,340 --> 01:15:26,408
I never knew you.

1509
01:16:19,763 --> 01:16:21,863
If you'd have told me that morning

1510
01:16:21,965 --> 01:16:24,399
when the Feds first showed upi at my door

1511
01:16:24,435 --> 01:16:27,169
that I'd be spending the
rest of my days locked up

1512
01:16:27,271 --> 01:16:30,572
with a bunch of murderers,
thieves, and low-lifes,

1513
01:16:30,641 --> 01:16:34,710
I would have sworn my last
happy day was behind me.

1514
01:16:34,812 --> 01:16:36,411
But here's the thing.

1515
01:16:36,447 --> 01:16:39,247
I used to wake up sick to my stomach

1516
01:16:39,316 --> 01:16:42,384
from carrying that secret around with me.

1517
01:16:42,453 --> 01:16:43,719
Down, down, down, down.

1518
01:16:43,787 --> 01:16:46,688
And now, I'm all out of secrets.

1519
01:16:46,790 --> 01:16:49,791
For the most part, I feel
a hell of a lot better.

1520
01:16:49,860 --> 01:16:52,260
Looks like you finally
found a full-time job.

1521
01:16:52,363 --> 01:16:55,664
Yeah, it's good, man.

1522
01:16:55,799 --> 01:16:56,799
It's been great.

1523
01:16:56,834 --> 01:16:58,767
It's been great, just the two of us.

1524
01:16:58,802 --> 01:17:02,170
Yeah, with Steph taking
Audrey to Disney World,

1525
01:17:02,272 --> 01:17:04,072
I just get some private time with him.

1526
01:17:04,141 --> 01:17:06,241
We can all come back together recharged.

1527
01:17:06,343 --> 01:17:07,609
Good.

1528
01:17:07,678 --> 01:17:09,678
I wanted to tell you that I've
been thinking a lot recently

1529
01:17:09,713 --> 01:17:10,979
about something you said to me once.

1530
01:17:11,014 --> 01:17:12,047
Mm-hmm?

1531
01:17:12,149 --> 01:17:13,648
That the world is never gonna believe

1532
01:17:13,717 --> 01:17:15,350
that we weren't involved.

1533
01:17:15,419 --> 01:17:18,186
And it just sort of hit me.

1534
01:17:19,857 --> 01:17:22,224
So what?

1535
01:17:22,259 --> 01:17:23,892
Who cares what the world thinks?

1536
01:17:23,961 --> 01:17:26,795
Everyone that matters knows the truth.

1537
01:17:26,864 --> 01:17:29,598
The rest is just noise.

1538
01:17:29,666 --> 01:17:30,999
Isn't it?

1539
01:17:31,068 --> 01:17:34,002
Mark, I've been waiting for
you to say that for two years.

1540
01:17:35,873 --> 01:17:37,572
Two years, yeah.

1541
01:17:37,674 --> 01:17:39,608
Well, life doesn't have to end, right?

1542
01:17:39,710 --> 01:17:40,809
No.

1543
01:17:40,878 --> 01:17:42,544
Cheers.

1544
01:17:42,613 --> 01:17:43,979
Cheers.

1545
01:19:32,422 --> 01:19:34,656
It was Mark Madoff's life
in privilege and luxury

1546
01:19:34,758 --> 01:19:36,491
that also ended two years ago today

1547
01:19:36,593 --> 01:19:39,294
when his father was arrested
in the massive Ponzi scheme.

1548
01:19:39,363 --> 01:19:41,863
And this morning, Bernie Madoff's son

1549
01:19:41,965 --> 01:19:46,101
apparently timed his suicide
to the very minute and hour

1550
01:19:46,203 --> 01:19:47,903
of that anniversary.

1551
01:19:48,005 --> 01:19:50,639
It may well have been
a message to his father.

1552
01:20:20,270 --> 01:20:22,370
She never visited again.

1553
01:20:22,439 --> 01:20:25,974
Never called, never wrote.

1554
01:20:30,080 --> 01:20:34,816
My family, they are the only
victims that mattered to me.

1555
01:20:34,885 --> 01:20:37,519
Everything I did was for them...

1556
01:20:37,588 --> 01:20:42,023
to protect them, to provide for
them, to give them everything.

1557
01:20:42,092 --> 01:20:45,527
I'm never gonna get over
what I did to my family.

1558
01:20:50,867 --> 01:20:52,867
But as for the rest of you,

1559
01:20:52,970 --> 01:20:56,838
you who so badly want to see me
suffer for the rest of my days,

1560
01:20:56,940 --> 01:20:59,307
in torment, sorry to disappoint.

1561
01:21:00,777 --> 01:21:03,979
You remember that smirk? You know?

1562
01:21:04,047 --> 01:21:07,582
The one that made the whole world hate me?

1563
01:21:09,686 --> 01:21:11,753
You want to know what I was thinking?

1564
01:21:11,822 --> 01:21:15,323
It wasn't that I was above the law.

1565
01:21:15,392 --> 01:21:18,426
Or that I was gonna beat the rap.

1566
01:21:18,528 --> 01:21:20,862
Or that I was better than the rest of you.

1567
01:21:20,964 --> 01:21:25,800
It was that at that moment, I realized

1568
01:21:25,902 --> 01:21:28,870
that I had actually accomplished

1569
01:21:28,972 --> 01:21:31,239
exactly what I set out to do

1570
01:21:31,341 --> 01:21:34,442
all those years ago in Laurelton, huh?

1571
01:21:34,544 --> 01:21:37,912
Nobody would ever, ever, anywhere,

1572
01:21:38,015 --> 01:21:39,447
until the end of time,

1573
01:21:39,549 --> 01:21:43,485
pity Bernie Madoff.

1574
01:21:49,503 --> 01:21:56,576
_

1575
01:21:57,155 --> 01:22:03,627
_

1576
01:22:04,017 --> 01:22:11,027
_

1577
01:22:11,401 --> 01:22:18,304
_

1578
01:22:18,788 --> 01:22:25,171
_

1579
01:22:25,636 --> 01:22:33,402
_

1580
01:22:34,040 --> 01:22:40,446
_

1581
01:22:41,051 --> 01:22:47,472
_

1582
01:22:47,899 --> 01:22:54,424
_

1583
01:22:55,133 --> 01:23:02,032
_

1584
01:23:03,307 --> 01:23:09,133
Synced and corrected by VitoSilans
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