1 00:00:07,979 --> 00:00:09,981 [Lara] Previously on Billions... 2 00:00:10,099 --> 00:00:13,342 [Chuck] The key to bagging Axe is "Dollar" Bill Steam. 3 00:00:13,459 --> 00:00:15,541 [Kate] Bill Steam bribed a Pepsum researcher 4 00:00:15,659 --> 00:00:18,469 for proprietary information for a drug called Vaccarizine. 5 00:00:18,579 --> 00:00:22,300 I want to put him on the rack and stretch him until he gives us Axe. 6 00:00:22,419 --> 00:00:24,228 [Orrin] The good news is this... when you get out of there, 7 00:00:24,339 --> 00:00:26,068 you're starting at $1.4, easy. 8 00:00:26,179 --> 00:00:29,501 - Better news...I'll hire you. - I'm staying. 9 00:00:29,619 --> 00:00:31,747 [Chuck Sr.] Still, Wendy's making things difficult for you. 10 00:00:31,859 --> 00:00:33,543 Why is she still working? 11 00:00:33,699 --> 00:00:34,621 We started to discuss it. 12 00:00:34,779 --> 00:00:36,304 I've been working there since before we were married 13 00:00:36,419 --> 00:00:38,228 and long before you were in office. 14 00:00:38,339 --> 00:00:40,387 Your value to the firm is absolute. 15 00:00:40,539 --> 00:00:41,950 Stick with me. 16 00:00:43,139 --> 00:00:44,903 [Bryan] I don't want to be out of line, 17 00:00:45,019 --> 00:00:46,987 but you might want to consider recusing yourself from this case. 18 00:00:47,099 --> 00:00:49,227 The conflict of interest- it's gonna be an issue. 19 00:00:49,379 --> 00:00:51,700 [Wendy] So what's the minimum investment for family and friends? 20 00:00:51,819 --> 00:00:54,390 I promised I wouldn't take any money away from Axe. 21 00:00:54,499 --> 00:00:55,910 What if he never finds out? 22 00:00:56,019 --> 00:00:56,906 If they bring an action, 23 00:00:57,019 --> 00:00:59,226 the whole strategy becomes about leveraging a settlement. 24 00:00:59,339 --> 00:01:00,181 I'd never settle. 25 00:01:00,299 --> 00:01:02,108 - William Steam, you are under arrest... - Lawyer. 26 00:01:02,219 --> 00:01:03,425 ...for insider trading and securities fraud. 27 00:01:03,539 --> 00:01:04,745 - Lawyer. - You have the right... 28 00:01:04,859 --> 00:01:07,146 - Lawyer. - ...to remain silent. 29 00:01:13,459 --> 00:01:16,349 ♪ Pensive music I 30 00:01:16,459 --> 00:01:21,465 III 31 00:01:27,059 --> 00:01:29,949 ♪ tense music I 32 00:01:30,059 --> 00:01:35,065 III 33 00:01:37,819 --> 00:01:40,345 Go on ahead. Right through there. 34 00:01:40,459 --> 00:01:45,465 III 35 00:02:00,059 --> 00:02:01,299 Hello? 36 00:02:08,899 --> 00:02:10,742 You came. 37 00:02:10,859 --> 00:02:11,985 Did I have a choice? 38 00:02:12,099 --> 00:02:13,703 You always have a choice. 39 00:02:15,619 --> 00:02:20,625 III 40 00:02:30,819 --> 00:02:31,945 Come in. 41 00:02:32,059 --> 00:02:37,065 III 42 00:02:58,259 --> 00:03:00,580 It's been a weird couple of days. 43 00:03:02,299 --> 00:03:03,630 Yeah. 44 00:03:12,299 --> 00:03:15,303 [horns honking, indistinct chatter] 45 00:03:18,939 --> 00:03:22,068 III 46 00:03:22,179 --> 00:03:25,740 [clapping] 47 00:03:25,859 --> 00:03:27,907 Hello. 48 00:03:28,019 --> 00:03:30,909 Did you strike a blow forjustice today, Mr. Rhoades? 49 00:03:31,019 --> 00:03:32,305 I do believe we did. 50 00:03:32,459 --> 00:03:33,585 You organized this 51 00:03:33,699 --> 00:03:35,349 and then made sure I wasn't there when it happened. 52 00:03:35,459 --> 00:03:36,267 You're welcome. 53 00:03:36,419 --> 00:03:38,740 Did you consider for a second what that was gonna do to me? 54 00:03:38,859 --> 00:03:39,746 Should I go? 55 00:03:39,859 --> 00:03:40,701 - Yes! - Yes. 56 00:03:40,819 --> 00:03:41,706 Okay. 57 00:03:44,379 --> 00:03:46,302 My name, my absence when it happened 58 00:03:46,419 --> 00:03:48,228 puts me under suspicion there forever. 59 00:03:48,339 --> 00:03:49,500 What should I have done? 60 00:03:49,619 --> 00:03:53,340 Told you so that you could be there for an arrest? 61 00:03:53,459 --> 00:03:56,269 And if you had been there, you'd be even more pissed off. 62 00:03:56,379 --> 00:03:57,904 You don't think so, but I know it. 63 00:03:58,019 --> 00:03:59,544 At least then they wouldn't think I knew it was coming. 64 00:03:59,659 --> 00:04:01,263 Oh, they all knew it was coming. 65 00:04:01,379 --> 00:04:03,268 It's Judgment Day. 66 00:04:03,379 --> 00:04:04,949 [sighs] 67 00:04:05,059 --> 00:04:08,108 My office is taking an action, and there's nothing 68 00:04:08,219 --> 00:04:10,062 that you or anybody there can do about it. 69 00:04:10,179 --> 00:04:12,625 And when that action is finished, it will be the end. 70 00:04:12,739 --> 00:04:15,026 There will be nothing left. 71 00:04:15,139 --> 00:04:16,584 So what they think of you, 72 00:04:16,699 --> 00:04:18,622 you can see how that might not matter so much. 73 00:04:18,739 --> 00:04:20,184 It's my job. 74 00:04:20,339 --> 00:04:23,707 You're beautiful and talented, and I'm sure you'll land on your feet. 75 00:04:23,819 --> 00:04:25,548 Fuck you. 76 00:04:27,899 --> 00:04:30,106 Get Emi Kenyon back in here! 77 00:04:44,779 --> 00:04:46,144 Hello? 78 00:05:08,019 --> 00:05:12,229 Yesterday this company came under attack 79 00:05:12,339 --> 00:05:15,183 by an unscrupulous adversary 80 00:05:15,299 --> 00:05:19,668 who will stop at nothing to abuse the authority of the state, 81 00:05:19,779 --> 00:05:21,383 take away our freedoms, 82 00:05:21,499 --> 00:05:23,342 and close our doors forever. 83 00:05:23,459 --> 00:05:26,702 And it left us all wondering one thing: 84 00:05:26,819 --> 00:05:28,469 what happens next? 85 00:05:36,059 --> 00:05:38,539 "Dollar" Bill Steam. 86 00:05:38,659 --> 00:05:41,060 Stingiest multimillionaire on the planet. 87 00:05:42,579 --> 00:05:44,741 Better get ready to pay full price. 88 00:05:48,499 --> 00:05:52,470 Insider trading, securities fraud, conspiracy, wire fraud. 89 00:05:52,579 --> 00:05:55,105 - What are we up to? - 12-year prison term. 90 00:05:55,219 --> 00:05:56,061 [Chuck] Mm. 91 00:05:56,179 --> 00:05:59,228 $9 million fine, plus civil when it moves to SEC. 92 00:05:59,339 --> 00:06:02,548 Jesus, that's pricey, and that's just the beginning. 93 00:06:02,659 --> 00:06:04,821 [Bobby] They came for "Dollar" Bill yesterday, 94 00:06:04,939 --> 00:06:07,909 but it was an attack on all of us. 95 00:06:08,019 --> 00:06:08,906 - [man] Right. - [man] Yeah, that's right. 96 00:06:09,019 --> 00:06:10,259 - [woman] Right. - [man] Yeah. 97 00:06:10,379 --> 00:06:11,710 And I feel it. Do you? 98 00:06:11,819 --> 00:06:13,344 [all agreeing] 99 00:06:13,459 --> 00:06:14,745 Any one of us could be next. 100 00:06:14,859 --> 00:06:15,906 We're with you, Bobby! 101 00:06:16,019 --> 00:06:19,341 - That's right! - [cheers and applause] 102 00:06:22,779 --> 00:06:24,224 Do you think this makes me happy, Bill? 103 00:06:24,379 --> 00:06:25,983 You don't need to answer that. 104 00:06:26,099 --> 00:06:27,385 - You happy, Bryan? - Yeah, I- 105 00:06:27,499 --> 00:06:28,341 Right? 106 00:06:28,459 --> 00:06:30,700 It doesn't feel right. It doesn't feel fair. 107 00:06:30,819 --> 00:06:31,741 Why you? 108 00:06:31,859 --> 00:06:34,100 Why are you sitting in that chair... 109 00:06:35,539 --> 00:06:36,540 ...and not somebody else? 110 00:06:36,659 --> 00:06:39,265 Today... 111 00:06:39,379 --> 00:06:41,825 we are standing at the precipice. 112 00:06:41,979 --> 00:06:44,550 Today is one day after. 113 00:06:45,539 --> 00:06:49,146 You have one chance to avoid a cell. 114 00:06:49,259 --> 00:06:51,023 Give me Axelrod. 115 00:06:53,059 --> 00:06:55,790 The day after Pearl Harbor, 116 00:06:55,899 --> 00:06:58,505 everybody knew a Japanese invasion would be coming. 117 00:06:58,619 --> 00:07:01,463 Air-raid wardens. Anti-aircraft artillery. 118 00:07:01,579 --> 00:07:02,944 Cities blacked out. 119 00:07:03,059 --> 00:07:05,790 Mothers and fathers staying by their door 120 00:07:05,899 --> 00:07:09,108 with baseball bats and kitchen knives, 121 00:07:09,259 --> 00:07:12,741 bellies full of fear of the invading hordes. 122 00:07:12,859 --> 00:07:15,465 I know what he means to you. 123 00:07:15,579 --> 00:07:19,504 I know you're a loyal man, and I admire that. 124 00:07:19,619 --> 00:07:23,226 But this is what you know. 125 00:07:23,339 --> 00:07:26,946 You know he's crooked, and you know he's going down. 126 00:07:27,059 --> 00:07:29,665 But everyone was wrong. 127 00:07:29,819 --> 00:07:31,901 What happened on American soil next? 128 00:07:32,019 --> 00:07:33,259 Nothing. 129 00:07:33,379 --> 00:07:35,063 That's right. 130 00:07:35,179 --> 00:07:36,749 The invasion never came. 131 00:07:36,859 --> 00:07:37,940 Turned out Pearl Harbor was the best 132 00:07:38,059 --> 00:07:40,061 those sneak-attacking motherfuckers had. 133 00:07:40,179 --> 00:07:42,659 [laughter and applause] 134 00:07:42,779 --> 00:07:45,510 I have the men. I have the tools. 135 00:07:45,619 --> 00:07:46,745 I have the will. 136 00:07:48,539 --> 00:07:50,746 Now, if it's not you, it'll be someone else. 137 00:07:50,859 --> 00:07:53,180 I'll go through your shop one PM at a time, 138 00:07:53,299 --> 00:07:57,509 pick up every piece of rotten fruit and squeeze until the juice comes out. 139 00:07:57,619 --> 00:07:58,620 You know. 140 00:07:59,939 --> 00:08:00,986 You know. 141 00:08:02,659 --> 00:08:04,900 So you can cooperate and walk out of here free, 142 00:08:05,019 --> 00:08:08,182 or you can go to jail for no good reason. 143 00:08:08,299 --> 00:08:10,108 III 144 00:08:10,219 --> 00:08:12,984 You have one chance to make this deal. 145 00:08:13,099 --> 00:08:15,261 A deal won't be on the table tomorrow. 146 00:08:16,339 --> 00:08:19,024 What came next was a war 147 00:08:19,139 --> 00:08:21,745 that unleashed the might of America. 148 00:08:21,859 --> 00:08:24,590 What came next was a victory 149 00:08:24,699 --> 00:08:27,703 that left us as the most powerful nation on Earth. 150 00:08:27,819 --> 00:08:29,184 Fuck, yeah! 151 00:08:29,339 --> 00:08:32,343 [cheers and applause] 152 00:08:34,459 --> 00:08:36,348 No deal. 153 00:08:36,459 --> 00:08:37,984 III 154 00:08:38,139 --> 00:08:40,141 This company... 155 00:08:40,259 --> 00:08:44,025 this company will not wait for an uncertain future! 156 00:08:44,139 --> 00:08:46,904 We will make our own future! 157 00:08:47,019 --> 00:08:49,989 We will fight back hard! 158 00:08:50,099 --> 00:08:52,227 We will mobilize the war machine! 159 00:08:52,339 --> 00:08:54,546 And those who would try to bring down our house 160 00:08:54,699 --> 00:08:56,986 will see their own houses fall! 161 00:08:57,099 --> 00:08:59,989 [cheers and applause] 162 00:09:00,099 --> 00:09:05,026 III 163 00:09:11,019 --> 00:09:14,660 The case against my client is entirely without merit. 164 00:09:14,779 --> 00:09:15,780 [chuckles] 165 00:09:17,219 --> 00:09:21,747 Bill Steam bribed a company official... 166 00:09:23,059 --> 00:09:25,346 ...in exchange for material inside information. 167 00:09:25,459 --> 00:09:27,587 It does not get any clearer. 168 00:09:27,699 --> 00:09:31,863 He became friends with a farmer working at a company he covers. 169 00:09:32,699 --> 00:09:35,782 He was so moved by the plight of that man's daughter 170 00:09:35,899 --> 00:09:39,506 that he arranged transportation and medical care for her. 171 00:09:39,659 --> 00:09:42,139 Now, if you can convince a jury of citizens 172 00:09:42,259 --> 00:09:45,149 that paying to save the life of a sick child 173 00:09:45,259 --> 00:09:47,785 constitutes an illegal benefit, 174 00:09:47,899 --> 00:09:50,061 then you should go ahead and take us to trial. 175 00:09:53,299 --> 00:09:55,620 My client has no interest in cooperation, 176 00:09:55,739 --> 00:09:57,787 no interest in a plea... 177 00:10:03,739 --> 00:10:07,710 ...and he does not recognize your authority. 178 00:10:09,939 --> 00:10:12,670 What the fuck does that mean? 179 00:10:15,779 --> 00:10:18,544 Liquidate two percent of the fund immediately. 180 00:10:18,699 --> 00:10:19,825 That's our war chest. 181 00:10:19,939 --> 00:10:22,909 $300 million. Nice rack. Legal defense is paid for. 182 00:10:23,019 --> 00:10:25,829 How many billions are out the door at the first redemption? 183 00:10:25,939 --> 00:10:29,580 You should gate the whole damn fund before they start a run on... 184 00:10:42,059 --> 00:10:43,549 We're fucked. 185 00:10:44,899 --> 00:10:47,345 That's not the impression you gave out there. 186 00:10:47,459 --> 00:10:48,346 Pretty tough talk. 187 00:10:48,459 --> 00:10:50,029 You think I'm overreacting? 188 00:10:50,139 --> 00:10:53,586 I think open war isn't good. 189 00:10:53,699 --> 00:10:55,349 - For who? - For anyone. 190 00:10:55,459 --> 00:10:58,349 ♪ Dramatic music I 191 00:10:58,459 --> 00:11:00,143 III 192 00:11:00,259 --> 00:11:03,900 I think your whole mentality right now is a mistake. 193 00:11:04,019 --> 00:11:06,670 You're not accepting that certain things are out of your control. 194 00:11:06,779 --> 00:11:07,860 Damn right I'm not. 195 00:11:07,979 --> 00:11:09,902 And it's causing you to lose more control. 196 00:11:11,299 --> 00:11:13,540 If you want to get it back, if you really want to survive this thing, 197 00:11:13,659 --> 00:11:17,300 then you may need to set aside the piece of you that's raging 198 00:11:17,419 --> 00:11:20,662 and do something that makes you a little uncomfortable. 199 00:11:20,779 --> 00:11:25,785 III 200 00:11:28,339 --> 00:11:29,226 He's not gonna flip? 201 00:11:29,339 --> 00:11:33,663 No, he will, because you're gonna make it happen, all of you. 202 00:11:33,779 --> 00:11:36,305 Everything you have on him, get underneath it. 203 00:11:36,419 --> 00:11:37,989 Not the what, the why. 204 00:11:38,099 --> 00:11:40,830 What motivates him. Fears. Goals. 205 00:11:40,939 --> 00:11:42,225 Scars. 206 00:11:42,339 --> 00:11:46,060 He has a weak point, and we need to twist a knife in it. 207 00:11:46,179 --> 00:11:48,068 Is there something else? 208 00:11:48,179 --> 00:11:50,659 Yeah, we know howAxelrod's operation works. 209 00:11:50,779 --> 00:11:51,905 He keeps himself insulated. 210 00:11:52,019 --> 00:11:53,066 Is there a point you're trying to make? 211 00:11:53,179 --> 00:11:55,580 Some random PM at Axe Cap isn't gonna have the goods. 212 00:11:55,699 --> 00:11:57,906 We need inner circle. Bill Stearn is our best shot. 213 00:11:58,019 --> 00:12:00,181 Is this something you think I don't understand? 214 00:12:00,339 --> 00:12:02,148 Hey, I just don't want Axe to walk away 215 00:12:02,299 --> 00:12:04,586 with a fine and a family office like Birch. 216 00:12:04,699 --> 00:12:06,906 Is that what you think I'm doing? 217 00:12:07,019 --> 00:12:08,908 No. 218 00:12:09,059 --> 00:12:10,868 Axe is no ordinary billionaire. 219 00:12:11,019 --> 00:12:13,260 He's not Steven fucking Birch. 220 00:12:13,379 --> 00:12:16,781 He's an icon of the wealth of our age, 221 00:12:16,939 --> 00:12:19,101 and he is a fraud. 222 00:12:19,219 --> 00:12:22,428 So when he falls, he's gonna hit the ground hard. 223 00:12:22,539 --> 00:12:25,383 Skilling got 14 years for Enron. I'm gonna beat that. 224 00:12:25,499 --> 00:12:28,230 I just want to take this one to trial, let the jury decide. 225 00:12:28,339 --> 00:12:31,866 We're gonna put him in a cell, and everyone is gonna see- 226 00:12:31,979 --> 00:12:34,789 in Washington, in the fucking press- 227 00:12:34,899 --> 00:12:37,903 there's no better defender of the public trust than this office. 228 00:12:38,019 --> 00:12:42,263 They'll say Chuck Rhoades did that, and no one is out of his reach. 229 00:12:42,379 --> 00:12:44,222 You're damn skippy they will. 230 00:12:57,099 --> 00:12:57,986 [light knock] 231 00:12:59,939 --> 00:13:01,065 Lara. 232 00:13:01,179 --> 00:13:02,465 You shouldn't be here. 233 00:13:02,579 --> 00:13:06,300 Come in quickly. I think they're watching the house. 234 00:13:06,419 --> 00:13:08,626 [dog barking] 235 00:13:09,939 --> 00:13:11,941 They went through everything. 236 00:13:12,059 --> 00:13:15,108 They broke Bill's home office- the door, in half. 237 00:13:15,219 --> 00:13:17,506 I mean, I was getting the key. Look at this. 238 00:13:17,619 --> 00:13:19,781 All our accounts are frozen. 239 00:13:19,899 --> 00:13:21,310 They didn't even wipe their feet. 240 00:13:21,419 --> 00:13:24,229 Sandy, stay strong, okay? 241 00:13:24,339 --> 00:13:26,023 It's a difficult time for everyone. 242 00:13:28,779 --> 00:13:30,190 You brought muffins? 243 00:13:34,299 --> 00:13:37,303 [indistinct speech on TV] 244 00:13:46,259 --> 00:13:47,909 This is your mortgage, property tax, 245 00:13:48,019 --> 00:13:50,750 insurance, school tuition, and that's for your foundation. 246 00:13:50,859 --> 00:13:54,420 Everything is taken care of for as long as this lasts. 247 00:13:54,579 --> 00:13:55,501 [chuckles] 248 00:13:55,619 --> 00:13:57,781 Thank you. Thank you so much. 249 00:13:57,899 --> 00:14:00,743 [woman on TV] You just shake it, pour it right in there... 250 00:14:00,859 --> 00:14:02,190 [woman on TV] Ahh. 251 00:14:02,339 --> 00:14:07,061 III 252 00:14:07,219 --> 00:14:09,062 [liquid sloshes] 253 00:14:09,219 --> 00:14:11,870 [Chuck] Here, want a taste? 254 00:14:13,379 --> 00:14:15,222 It's like whiskey dipped in milk chocolate. 255 00:14:16,659 --> 00:14:18,309 Are we celebrating something? 256 00:14:18,419 --> 00:14:20,103 Mm-hmm. 257 00:14:20,219 --> 00:14:21,948 I want to apologize. 258 00:14:23,539 --> 00:14:26,429 I was a big puckered asshole yesterday. 259 00:14:26,539 --> 00:14:28,462 I had no right to talk to you that way. 260 00:14:28,579 --> 00:14:31,059 I'll drink to that. 261 00:14:42,899 --> 00:14:46,062 - Oh, wow. - [chuckles] Right? 262 00:14:46,179 --> 00:14:49,262 Yeah, the Taiwanese do it better than the Scots these days. 263 00:14:51,979 --> 00:14:54,710 How would you talk to me... 264 00:14:54,819 --> 00:14:56,742 if you had a do-over? 265 00:14:58,859 --> 00:15:00,543 What would you say? 266 00:15:00,659 --> 00:15:02,024 I don't want to have this fight again. 267 00:15:02,139 --> 00:15:04,028 Then let's not fight. Let's talk. 268 00:15:04,139 --> 00:15:06,870 No posturing, no bullshit. 269 00:15:06,979 --> 00:15:08,469 Okay. 270 00:15:09,539 --> 00:15:10,745 Right. 271 00:15:11,899 --> 00:15:13,469 What do you want to know? 272 00:15:13,619 --> 00:15:15,428 Why are you going after him so hard? 273 00:15:15,579 --> 00:15:17,183 Why Axe? 274 00:15:17,299 --> 00:15:20,030 For the same reason my office does anything. 275 00:15:20,139 --> 00:15:22,426 He broke the law. He cheated. 276 00:15:22,539 --> 00:15:24,428 Then why you? 277 00:15:24,539 --> 00:15:27,986 How many cases are you this involved with personally? 278 00:15:29,299 --> 00:15:30,949 I don't know. Uh, four, five. 279 00:15:31,059 --> 00:15:33,141 Why does this have to be one of them? 280 00:15:33,259 --> 00:15:34,624 Why don't you recuse yourself? 281 00:15:34,739 --> 00:15:36,264 - Out of the question. - Why? 282 00:15:36,379 --> 00:15:38,859 Because I owe it to my team. I owe it to the public. 283 00:15:39,019 --> 00:15:41,465 It's my responsibility to prosecute. 284 00:15:41,579 --> 00:15:44,150 It doesn't have to be you. 285 00:15:44,259 --> 00:15:45,988 Give the case to Bryan Connerty alone 286 00:15:46,099 --> 00:15:47,624 or the Eastern District. 287 00:15:47,779 --> 00:15:49,588 This case? 288 00:15:51,299 --> 00:15:54,940 SEC, Eastern, State AG... 289 00:15:55,059 --> 00:15:59,109 they have been whispering about Axelrod for years, waiting. 290 00:15:59,219 --> 00:16:00,630 I'm the one that stood up. 291 00:16:00,739 --> 00:16:02,628 I'm the only one that did something. 292 00:16:02,739 --> 00:16:05,219 This is an action against me. 293 00:16:05,379 --> 00:16:06,346 Do you understand? 294 00:16:06,459 --> 00:16:09,861 Do you? Because this is bigger than you. 295 00:16:09,979 --> 00:16:11,390 It's bigger than me. 296 00:16:11,499 --> 00:16:14,662 He runs more money than the GDP of a European nation. 297 00:16:14,779 --> 00:16:18,420 He's untouchable, and I have him dead to rights. 298 00:16:18,539 --> 00:16:20,507 You may think you do, but you don't. 299 00:16:20,619 --> 00:16:23,020 Really? What makes you so sure? 300 00:16:23,139 --> 00:16:24,789 Because... 301 00:16:24,939 --> 00:16:26,350 I have never seen him like this. 302 00:16:26,459 --> 00:16:29,383 He is digging trenches and laying wire, 303 00:16:29,499 --> 00:16:31,661 and he will scorch the earth under our feet. 304 00:16:31,819 --> 00:16:34,345 - Tell me more about what he's doing. - I can't go further. 305 00:16:34,459 --> 00:16:37,383 And it's wrong of you to push. I took an oath. 306 00:16:37,499 --> 00:16:38,625 Me too. 307 00:16:38,739 --> 00:16:41,026 And that's why I can't recuse myself. 308 00:16:41,139 --> 00:16:43,062 Yes, you can. 309 00:16:43,179 --> 00:16:44,305 You just won't. 310 00:16:46,819 --> 00:16:49,345 [door opens, slams] 311 00:16:50,339 --> 00:16:53,229 ♪ Pensive music I 312 00:16:53,339 --> 00:16:56,866 III 313 00:16:56,979 --> 00:16:58,265 Ah. 314 00:16:59,299 --> 00:17:02,189 ♪ Light ambient music I 315 00:17:02,299 --> 00:17:07,305 III 316 00:17:18,619 --> 00:17:21,543 [exhales deeply] 317 00:17:21,659 --> 00:17:24,549 [helicopter rotors whirring faintly] 318 00:17:24,659 --> 00:17:29,665 III 319 00:17:31,539 --> 00:17:34,270 We've gone down this road backwards and sideways. 320 00:17:34,379 --> 00:17:35,904 Now we got to do it on our hands and knees. 321 00:17:36,019 --> 00:17:37,066 That's a fun image. 322 00:17:37,219 --> 00:17:38,584 I don't even know what we're looking for anymore. 323 00:17:38,699 --> 00:17:40,827 He's got to be hiding something. 324 00:17:40,939 --> 00:17:43,749 I've never seen anybody so clean in his world. 325 00:17:43,859 --> 00:17:46,430 Except for, you know, the bribery and securities fraud. 326 00:17:46,539 --> 00:17:48,064 Well, he might not think it's illegal. 327 00:17:48,179 --> 00:17:49,260 And he might be right. 328 00:17:49,379 --> 00:17:51,188 The courts keep moving the goalposts. 329 00:17:51,299 --> 00:17:52,585 Yeah, I know what they tell themselves. 330 00:17:52,699 --> 00:17:55,100 I've been to those Sohn conferences too. 331 00:17:55,219 --> 00:17:57,950 "Capitalism is under siege." 332 00:17:58,059 --> 00:18:01,825 All those guys think if you can't prove they did the murder, 333 00:18:01,939 --> 00:18:03,623 then they're not a killer. 334 00:18:03,739 --> 00:18:06,265 Don't fucking kid yourself. 335 00:18:06,379 --> 00:18:07,949 They're only players 'cause they've rigged the game. 336 00:18:08,059 --> 00:18:09,026 Of course. 337 00:18:09,139 --> 00:18:11,619 Speaking Japanese 338 00:18:13,699 --> 00:18:14,586 speaking Japanese 339 00:18:16,219 --> 00:18:17,789 That's all I got. Haughs] 340 00:18:17,899 --> 00:18:18,786 [chuckles] 341 00:18:18,899 --> 00:18:20,947 Greedy or cheap, it's a fine line. 342 00:18:21,099 --> 00:18:22,624 What are his greatest hits, Terri? 343 00:18:22,739 --> 00:18:27,063 Uh, reusing paper towels. One-dollar taco night at Acapulco's. 344 00:18:27,179 --> 00:18:31,309 No Benz, no Audi, just two identical Honda minivans. 345 00:18:32,259 --> 00:18:34,261 Who the fuck has two minivans? 346 00:18:34,379 --> 00:18:36,950 One in beige, one in...boring. 347 00:18:37,059 --> 00:18:39,221 Nobody. 348 00:18:39,339 --> 00:18:40,579 ♪ Tense music I 349 00:18:40,739 --> 00:18:43,424 Nobody has two minivans. That's it. 350 00:18:43,579 --> 00:18:45,104 There's something there, and we need to find out what. 351 00:18:45,219 --> 00:18:48,268 III 352 00:18:48,379 --> 00:18:50,222 We're gonna bleed out. 353 00:18:50,339 --> 00:18:52,103 We'll be a family office by the end of the year, 354 00:18:52,219 --> 00:18:53,630 by SEC mandate or not. 355 00:18:53,739 --> 00:18:54,945 [Bobby] We need to take action. 356 00:18:55,059 --> 00:18:56,345 We need to cut through the chatter. 357 00:18:56,459 --> 00:18:57,540 We need to get it out there. 358 00:18:57,659 --> 00:18:59,741 Rhoades has no case. He'll be laughed out of court. 359 00:18:59,859 --> 00:19:01,349 You know that doesn't matter. 360 00:19:01,459 --> 00:19:02,904 The smoke is enough to choke you. 361 00:19:03,019 --> 00:19:05,340 - There doesn't need to be a fire. - I don't accept that. 362 00:19:06,819 --> 00:19:08,309 Why not embrace this? 363 00:19:08,419 --> 00:19:10,660 We'll be a killer family office. 364 00:19:10,779 --> 00:19:12,668 We can downsize the staff. 365 00:19:12,779 --> 00:19:14,543 I can't stand half the people here anyway. 366 00:19:14,659 --> 00:19:17,185 Never. I need outside capital. 367 00:19:19,859 --> 00:19:21,668 Why? 368 00:19:21,779 --> 00:19:25,340 You have billions in assets to invest without a penny of outside money 369 00:19:25,459 --> 00:19:27,826 and no one to answer to. 370 00:19:27,939 --> 00:19:29,543 I'll be dead to the world. 371 00:19:29,659 --> 00:19:31,309 I'll be called a cheat, humiliated. 372 00:19:31,459 --> 00:19:33,780 Another rich dick playing the market with his own money. 373 00:19:33,899 --> 00:19:36,982 But you'll be the biggest dick. And it's so much money. 374 00:19:37,099 --> 00:19:37,941 Wags... 375 00:19:41,459 --> 00:19:44,747 ...what we need is a public endorsement, from the prime brokers: 376 00:19:44,859 --> 00:19:46,543 D-Bank, Citi, JP. 377 00:19:46,659 --> 00:19:48,309 - All of them? - No. 378 00:19:48,419 --> 00:19:50,262 There's only one that matters: 379 00:19:50,379 --> 00:19:51,869 Spartan-Ives. 380 00:19:53,779 --> 00:19:55,861 And what would you want Lawrence Boyd to say? 381 00:19:55,979 --> 00:19:59,108 That he believes Axe Capital to be a reputable company 382 00:19:59,219 --> 00:20:00,744 and we're gonna continue to do business together. 383 00:20:00,859 --> 00:20:04,420 [chuckles] Yeah, that's never gonna happen. 384 00:20:04,539 --> 00:20:05,700 Make it happen. 385 00:20:10,779 --> 00:20:12,747 What about a dog whistle? 386 00:20:13,899 --> 00:20:17,187 You're seen together, photographed, Boyd's arm around you at the Met. 387 00:20:17,339 --> 00:20:18,750 No, not fancy. 388 00:20:18,859 --> 00:20:23,069 A game, at the stadium or in his box at Barclays. 389 00:20:23,219 --> 00:20:26,348 Boyd's touch is the healing waters of Lourdes. 390 00:20:26,459 --> 00:20:27,870 Cleaner than a maiden's honor. 391 00:20:27,979 --> 00:20:29,583 Get me in those waters. 392 00:20:29,699 --> 00:20:32,589 [Bryan] Both minivans registered to Bill Stearn 393 00:20:32,699 --> 00:20:34,189 under the same group insurance policy. 394 00:20:34,299 --> 00:20:35,221 But one of 'em... 395 00:20:35,339 --> 00:20:37,990 EZ Pass records track it all over New Jersey, never Connecticut. 396 00:20:38,099 --> 00:20:40,830 Speeding ticket from 2013 led to the Saddle River address. 397 00:20:40,939 --> 00:20:42,828 You went there? This is for real? 398 00:20:44,379 --> 00:20:45,983 We fucking got him. 399 00:20:50,579 --> 00:20:52,104 [electronic beep, door buzzes] 400 00:20:55,819 --> 00:20:58,789 601 Tanbark Trail. 401 00:20:58,899 --> 00:21:00,663 That supposed to mean something? 402 00:21:00,779 --> 00:21:02,588 How many days a week do you stay over there? 403 00:21:02,699 --> 00:21:04,940 I'm guessing 3.5. He's very meticulous. 404 00:21:05,059 --> 00:21:06,902 I try to be fair. 405 00:21:07,019 --> 00:21:08,464 He tell you? 406 00:21:08,579 --> 00:21:10,627 Bill Steam has a second family. 407 00:21:10,739 --> 00:21:12,901 Two kids with a mistress in Saddle River, New Jersey. 408 00:21:13,059 --> 00:21:14,106 [Chuck] He's a family man. 409 00:21:14,219 --> 00:21:16,460 I want to know how the hell you have the time 410 00:21:16,579 --> 00:21:18,627 to bribe farmers, manipulate the market, 411 00:21:18,739 --> 00:21:20,821 and coach two travel baseball teams. 412 00:21:20,939 --> 00:21:22,987 1'lmmy's in the spring. Carson's in the fall. 413 00:21:23,099 --> 00:21:24,260 I try to be fair. 414 00:21:24,379 --> 00:21:26,461 I want to know, 415 00:21:26,579 --> 00:21:29,662 how would Sandy react if she heard this? 416 00:21:29,779 --> 00:21:34,068 She must be very fragile these days since your arrest. 417 00:21:37,779 --> 00:21:40,146 Getting the photo stream in her in-box, 418 00:21:40,259 --> 00:21:45,140 all those happy pictures of you and Carson and Anna, 419 00:21:45,299 --> 00:21:48,303 with a woman ten years younger than her... 420 00:21:49,779 --> 00:21:51,144 ...well, that mightjust break her. 421 00:21:51,259 --> 00:21:56,265 III 422 00:21:59,979 --> 00:22:01,469 I knew you'd come with that. 423 00:22:03,459 --> 00:22:06,702 I wrote a letter to my wife, the whole story. 424 00:22:06,819 --> 00:22:11,586 III 425 00:22:11,699 --> 00:22:12,507 I just sent it. 426 00:22:12,659 --> 00:22:16,345 III 427 00:22:16,499 --> 00:22:19,423 You just blew up your family... 428 00:22:21,259 --> 00:22:23,466 ...for Bobby Axelrod? 429 00:22:23,579 --> 00:22:26,389 I'm Keyser 862e, motherfucker. 430 00:22:26,499 --> 00:22:30,788 III 431 00:22:35,739 --> 00:22:37,423 [Orrin sighs] 432 00:22:37,539 --> 00:22:39,587 Worst part of these sessions. 433 00:22:39,699 --> 00:22:41,781 I've got a small bladder. 434 00:22:43,859 --> 00:22:44,826 What is it with these guys? 435 00:22:44,939 --> 00:22:48,227 What is it about the cult of Bobby Axelrod 436 00:22:48,339 --> 00:22:50,785 that makes them want to immolate themselves? 437 00:22:50,899 --> 00:22:53,379 You wouldn't understand. 438 00:22:53,499 --> 00:22:55,740 You're a lawyer. Persuade me. 439 00:22:55,859 --> 00:22:58,226 You're at the mercy of politics. 440 00:22:58,339 --> 00:23:00,421 Loyalty is a convenience. 441 00:23:00,539 --> 00:23:03,065 People turn on each other every election cycle. 442 00:23:03,179 --> 00:23:06,501 You do your three or five or ten years here, 443 00:23:06,619 --> 00:23:09,270 then you flip to our side, cash seven figures 444 00:23:09,379 --> 00:23:12,144 from the same big funds you're trying to bring down. 445 00:23:12,259 --> 00:23:13,420 [clicks tongue] 446 00:23:13,539 --> 00:23:16,270 For true believers like you, it's the worst 447 00:23:16,379 --> 00:23:18,222 'cause you never see it coming. 448 00:23:19,779 --> 00:23:22,066 That's the problem with being a cynic. It blinds you. 449 00:23:22,179 --> 00:23:24,659 You think everybody's as cynical as you. 450 00:23:24,819 --> 00:23:28,460 Axe's guys, they're in it for life. 451 00:23:28,579 --> 00:23:31,788 Bill Stearn couldn't walk down the street if he sold out his friends. 452 00:23:31,899 --> 00:23:36,621 Guys who talk in their world may avoid a few years in a cell, 453 00:23:36,739 --> 00:23:38,582 but they're dead forever. 454 00:23:39,939 --> 00:23:42,101 See you soon, I guess... 455 00:23:42,219 --> 00:23:45,621 when Chuck comes at Axe with some lame fine, 456 00:23:45,739 --> 00:23:49,380 because obviously you've got nothing. 457 00:23:51,419 --> 00:23:53,262 No, not this time. 458 00:23:53,379 --> 00:23:54,380 Not Axe. 459 00:23:54,499 --> 00:23:56,149 This is personal for Chuck. 460 00:23:56,259 --> 00:23:58,261 The whole city puts your boy on a pedestal. 461 00:23:58,379 --> 00:24:00,302 But he doesn't make anything. 462 00:24:00,419 --> 00:24:01,784 He doesn't do anything. 463 00:24:01,939 --> 00:24:05,102 He's nothing but a filthy money pig. 464 00:24:05,219 --> 00:24:06,630 And I can see why he'd want to make a deal, 465 00:24:06,739 --> 00:24:09,345 because he knows we're coming, 466 00:24:09,459 --> 00:24:11,427 and we will follow him to the end of the fucking Earth 467 00:24:11,539 --> 00:24:14,019 until he's walking in shackles. 468 00:24:14,139 --> 00:24:16,028 You know you just work here, right? 469 00:24:20,419 --> 00:24:22,387 [door squeaks] 470 00:24:24,259 --> 00:24:26,785 - [woman] Lara, hi. - Hi. 471 00:24:26,899 --> 00:24:29,300 - How is everything? - Great. 472 00:24:29,419 --> 00:24:31,740 Yeah, you know, we should get the kids together this Saturday. 473 00:24:31,859 --> 00:24:34,465 Sure, at the Bancroft twins' party. 474 00:24:34,579 --> 00:24:35,819 Right. The party. 475 00:24:35,939 --> 00:24:37,270 In Montauk. 476 00:24:37,379 --> 00:24:40,508 [laughs] Yes, of course. I forgot it was this weekend. 477 00:24:40,619 --> 00:24:42,030 - Right. - I'll see you there. 478 00:24:42,139 --> 00:24:44,062 All right, I'll see you there. Bye. 479 00:24:50,219 --> 00:24:51,664 Hey, take it easy! 480 00:24:51,819 --> 00:24:55,869 [trainer] You're at 120 feet per minute. You're gonna blow an Achilles! 481 00:24:55,979 --> 00:24:57,390 Ahh! 482 00:24:59,179 --> 00:25:00,305 [trainer] What's wrong? 483 00:25:00,419 --> 00:25:02,547 I'll be right back. 484 00:25:02,659 --> 00:25:05,549 ♪ Tense music I 485 00:25:05,659 --> 00:25:08,629 III 486 00:25:08,739 --> 00:25:10,548 Hey, I'm not getting anywhere with Lawrence Boyd. 487 00:25:10,659 --> 00:25:12,980 - The problem is- - Solve it. 488 00:25:13,099 --> 00:25:15,864 All those years of thought and planning and calculation 489 00:25:15,979 --> 00:25:17,390 that you and he put in are for nothing, 490 00:25:17,499 --> 00:25:19,820 and there's a high probability that it does go wrong. 491 00:25:19,939 --> 00:25:22,590 So it's in both your interests to- 492 00:25:23,899 --> 00:25:26,379 - I'll have to call you back. - [door shuts] 493 00:25:28,219 --> 00:25:31,223 [breathing heavily] 494 00:25:35,259 --> 00:25:38,229 You took $250,000 out of the fund. 495 00:25:38,339 --> 00:25:40,387 Why does it bother you? I still have three million in. 496 00:25:40,499 --> 00:25:41,830 Why'd you take it out? 497 00:25:41,939 --> 00:25:45,910 It's my money. I can do whatever I want with it. 498 00:25:46,019 --> 00:25:47,623 Or can't I? 499 00:25:47,739 --> 00:25:51,221 "Dollar" Bill earned a $10-million bonus last year. 500 00:25:51,379 --> 00:25:54,508 You know how much he took out? Two grand. 501 00:25:54,619 --> 00:25:55,950 You've known about this for weeks. 502 00:25:56,059 --> 00:25:57,629 You're bringing it up now because you want to know something. 503 00:25:57,739 --> 00:25:59,821 - What is it you want to know? - Why don't you take it all out? 504 00:26:04,619 --> 00:26:06,508 I am not my husband. 505 00:26:06,619 --> 00:26:08,826 And I am not going to be the shuttlecock 506 00:26:08,979 --> 00:26:11,550 that you two smack back and forth. 507 00:26:16,059 --> 00:26:19,268 You two just sniffed each other one day and decided you didn't like the smell. 508 00:26:19,379 --> 00:26:21,985 So now you think you have to do this thing, but you don't. 509 00:26:23,899 --> 00:26:25,549 You don't have to do it. 510 00:26:26,779 --> 00:26:29,783 [door opens, closes] 511 00:26:31,539 --> 00:26:36,545 III 512 00:26:50,179 --> 00:26:52,068 "Dollar" Bill is hard, man. 513 00:26:52,179 --> 00:26:53,908 Inspiring. 514 00:26:54,019 --> 00:26:56,067 He makes me want to lose 30 pounds 515 00:26:56,179 --> 00:26:58,830 and stockpile automatic weapons 516 00:26:58,939 --> 00:27:01,226 to protect all my sister-wives. 517 00:27:01,339 --> 00:27:02,465 Will he be exonerated? 518 00:27:02,619 --> 00:27:04,189 It's the government. 519 00:27:04,299 --> 00:27:07,508 If he is, it'll be in five years, and no one will remember it. 520 00:27:09,459 --> 00:27:12,906 Look, just because he's not cooperating 521 00:27:13,019 --> 00:27:15,147 doesn't mean they can't tie you to Pepsum. 522 00:27:15,299 --> 00:27:17,188 Doesn't mean they can't get you on something else. 523 00:27:18,779 --> 00:27:22,261 But we have an opportunity now to broach a deal. 524 00:27:22,379 --> 00:27:23,301 I'll never settle. 525 00:27:23,419 --> 00:27:24,909 No. 526 00:27:25,059 --> 00:27:27,061 Now's the time you drop that. 527 00:27:28,299 --> 00:27:31,462 Chuck's guy, Connerty... 528 00:27:31,579 --> 00:27:33,661 he's rattled. 529 00:27:33,779 --> 00:27:35,349 They're weak. 530 00:27:35,459 --> 00:27:39,305 And I think we could get a deal that would be very, very good for you. 531 00:27:39,419 --> 00:27:42,787 Look, guys try to sell me deals all day. 532 00:27:42,899 --> 00:27:44,025 I decide when they're good. 533 00:27:44,139 --> 00:27:48,781 The one I bring you will be the best one that'll ever be on the table, 534 00:27:48,899 --> 00:27:51,266 'cause that's what I do all day. 535 00:27:51,379 --> 00:27:52,744 I see that. 536 00:27:54,059 --> 00:27:56,505 And it won't really hurt you, grand scheme, 537 00:27:56,619 --> 00:27:58,508 other than emotionally. 538 00:27:58,619 --> 00:28:01,225 It'll seem like a win to them, and they stop. 539 00:28:01,339 --> 00:28:04,582 Give them more time, who knows what they'll find? 540 00:28:06,939 --> 00:28:08,703 I didn't do anything 541 00:28:08,819 --> 00:28:11,550 that anybody else in my business doesn't do. 542 00:28:11,659 --> 00:28:13,070 I just did it better. 543 00:28:13,179 --> 00:28:15,500 And I will not tar myself with an admission of guilt- 544 00:28:15,619 --> 00:28:16,506 You wouldn't plead guilty. 545 00:28:16,619 --> 00:28:20,066 Any success that his bullshit investigation yields 546 00:28:20,179 --> 00:28:21,783 is toxic. 547 00:28:21,899 --> 00:28:26,461 He cannot just walk around using rumor and hearsay 548 00:28:26,619 --> 00:28:28,189 and destroy lives and businesses. 549 00:28:28,299 --> 00:28:31,746 I won't allow it. That needs to be the message. 550 00:28:31,859 --> 00:28:33,145 He's got nothing. 551 00:28:33,259 --> 00:28:35,865 Billionaires all over the world are trying to bring me down every day. 552 00:28:35,979 --> 00:28:37,902 This guy? He can't even bring me to trial. 553 00:28:38,019 --> 00:28:40,260 He has failed at his job. 554 00:28:40,379 --> 00:28:41,824 Why the hell would I give him a win? 555 00:28:41,939 --> 00:28:43,589 What win? 556 00:28:43,699 --> 00:28:46,464 It's your win. [chuckles] 557 00:28:46,579 --> 00:28:48,263 You go free. 558 00:28:48,379 --> 00:28:50,143 You pay a fine, 559 00:28:50,259 --> 00:28:52,546 get busted down to a family office. 560 00:28:52,659 --> 00:28:54,263 That's nothing. 561 00:28:54,379 --> 00:28:56,108 It's headed that way anyway, isn't it? 562 00:28:56,219 --> 00:28:57,141 No! 563 00:29:02,339 --> 00:29:03,943 Adam. 564 00:29:04,059 --> 00:29:05,788 What brings you to our fair city, sir? 565 00:29:05,899 --> 00:29:07,708 I'm giving the commencement at Columbia Law. 566 00:29:07,819 --> 00:29:10,265 Ah, I gave that speech two years ago. 567 00:29:10,379 --> 00:29:11,869 - Hmm. - You need some tips? 568 00:29:11,979 --> 00:29:13,469 [chuckles] 569 00:29:13,579 --> 00:29:16,230 Hey, congrats on getting Steve Birch. 570 00:29:16,339 --> 00:29:17,943 That's a solid double. 571 00:29:19,379 --> 00:29:20,744 Axelrod... 572 00:29:20,859 --> 00:29:21,940 that's bigger. 573 00:29:22,059 --> 00:29:24,744 You speaking for the Attorney General, or is this off the cuff? 574 00:29:24,859 --> 00:29:26,748 I speak for everyone. 575 00:29:26,859 --> 00:29:28,190 It's fund-raising season. 576 00:29:28,299 --> 00:29:30,267 The administration needs Wall Street money to compete. 577 00:29:30,379 --> 00:29:32,427 Nobody wants this to look like some kind of crusade. 578 00:29:32,539 --> 00:29:35,270 I'm doing my job. I don't think about what it looks like. 579 00:29:35,379 --> 00:29:36,949 Well, the AG does. 580 00:29:37,059 --> 00:29:38,265 I see. 581 00:29:38,379 --> 00:29:41,303 We feel-or she feels that your investigation is problematic, 582 00:29:41,419 --> 00:29:43,547 given your personal connection to Axe Capital. 583 00:29:43,659 --> 00:29:45,582 I mean, the optics are bad. That article- 584 00:29:45,739 --> 00:29:47,741 Has no basis in fact. 585 00:29:47,859 --> 00:29:51,625 The idea, the very concept that I would be soft on Axe Capital 586 00:29:51,739 --> 00:29:52,786 because my wife works there, 587 00:29:52,899 --> 00:29:54,424 I'm going to erase that very, very quickly. 588 00:29:54,579 --> 00:29:55,990 I have. An arrest was made. 589 00:29:56,099 --> 00:29:59,103 Okay, so maybe you targeted Axelrod because she works there, 590 00:29:59,219 --> 00:30:00,869 which is fucked up. 591 00:30:00,979 --> 00:30:02,822 First I'm too soft. Now I'm too tough. 592 00:30:02,939 --> 00:30:04,987 Uh, which is it, Goldilocks? 593 00:30:05,099 --> 00:30:07,989 Both. Either. I don't care. The point is, she works there. 594 00:30:08,099 --> 00:30:09,146 That's what they're gonna be writing about. 595 00:30:09,259 --> 00:30:10,988 And Axelrod will be paying an army of white-shoe lawyers 596 00:30:11,139 --> 00:30:13,710 $1,000 an hour to come up with a thousand different ways 597 00:30:13,819 --> 00:30:15,184 to yell "conflict of interest." 598 00:30:15,299 --> 00:30:17,028 This is my office. 599 00:30:17,139 --> 00:30:19,460 I have broad discretion to pursue any actions 600 00:30:19,579 --> 00:30:21,149 exactly the way I see fit. 601 00:30:21,259 --> 00:30:23,466 Of course. The AG doesn't care about one case. 602 00:30:23,579 --> 00:30:24,865 She's thinking globally here. 603 00:30:24,979 --> 00:30:27,505 She's into movements, like a maestro. 604 00:30:27,619 --> 00:30:29,860 But a lost case is still a wrong note. 605 00:30:29,979 --> 00:30:32,346 I've never lost a case. 606 00:30:32,459 --> 00:30:34,302 And I'm sure you won't lose this one. 607 00:30:34,419 --> 00:30:36,148 But if that conviction gets kicked on appeal 608 00:30:36,259 --> 00:30:38,500 because you didn't recuse yourself, well... 609 00:30:38,619 --> 00:30:39,541 even if you win, you lose. 610 00:30:39,659 --> 00:30:41,548 Does the Attorney General want me removed? 611 00:30:41,659 --> 00:30:43,149 - [cell phone buzzes] - She just wants you to be right. 612 00:30:43,259 --> 00:30:45,660 You do what you're gonna do, Chuck. Just be right. 613 00:30:45,779 --> 00:30:46,621 I got to grab this. 614 00:30:46,739 --> 00:30:47,979 Yes? 615 00:30:49,459 --> 00:30:50,824 Fucking maestro. 616 00:30:52,979 --> 00:30:54,822 [cell phone buzzing] 617 00:30:57,379 --> 00:30:59,063 [Wags] Get ready to head to Brooklyn. 618 00:30:59,179 --> 00:31:03,229 Tonight's the night of your baptism at the church of Barclays. 619 00:31:03,339 --> 00:31:06,024 Lawrence Boyd has invited you to his box. 620 00:31:06,139 --> 00:31:08,585 Washed in the blood of the Lamb, baby. 621 00:31:08,739 --> 00:31:09,547 How'd it go down? 622 00:31:09,699 --> 00:31:13,067 Uh, maTtre d' at a place I go-had $1,000 on him to tell me when Boyd came in. 623 00:31:13,179 --> 00:31:17,025 Sent over a '61 Chéteau Latour and picked up his dinner, 624 00:31:17,139 --> 00:31:18,300 courtesy of Bobby Axelrod. 625 00:31:18,419 --> 00:31:20,786 - Well played. - I have my moments. 626 00:31:31,259 --> 00:31:32,260 How you holding up? 627 00:31:34,299 --> 00:31:36,506 My lawyer today told me they don't have a case against me 628 00:31:36,619 --> 00:31:38,383 but I should still settle. 629 00:31:38,499 --> 00:31:39,739 Can you believe that? 630 00:31:40,779 --> 00:31:41,746 Yeah. 631 00:31:43,099 --> 00:31:45,943 I'm guessing you don't mean that in a "fucking lawyers" kind of way. 632 00:31:46,059 --> 00:31:48,380 I think you have the best fucking lawyers. 633 00:31:48,499 --> 00:31:50,786 They know the law like you know the market. 634 00:31:50,899 --> 00:31:52,469 And if they're giving you a piece of advice, 635 00:31:52,579 --> 00:31:53,785 I think you should consider it. 636 00:31:53,899 --> 00:31:54,980 Wow. 637 00:31:55,099 --> 00:31:57,067 How does Chuck Rhoades terrify everybody so much? 638 00:31:57,179 --> 00:31:59,420 I don't give a shit about Chuck Rhoades. 639 00:31:59,579 --> 00:32:01,946 I care about protecting this family. 640 00:32:03,139 --> 00:32:05,380 We're gonna be pariahs. 641 00:32:05,499 --> 00:32:07,945 The kids got uninvited to the Bancroft party, 642 00:32:08,059 --> 00:32:10,824 and nothing's even happened yet. 643 00:32:10,939 --> 00:32:13,943 So if there is even close to an easy way out of this, 644 00:32:14,059 --> 00:32:15,060 I hope you would take it. 645 00:32:15,219 --> 00:32:16,823 Since when do I take the easy way out? 646 00:32:16,939 --> 00:32:18,907 This isn't some stock play. 647 00:32:19,059 --> 00:32:20,549 It's no different. 648 00:32:20,659 --> 00:32:22,980 It's all about tolerance and risk. 649 00:32:23,099 --> 00:32:25,306 Look, you don't win, you don't get to where I am 650 00:32:25,419 --> 00:32:27,467 without tolerating a lot of risk. 651 00:32:27,579 --> 00:32:30,469 We. Where we are. 652 00:32:30,579 --> 00:32:33,310 This is real, Bobby. You're risking our lives. 653 00:32:33,419 --> 00:32:35,820 You could go to jail. We could lose everything. 654 00:32:35,939 --> 00:32:37,668 And you can make it all go away, and you won't? 655 00:32:37,779 --> 00:32:39,349 I can't. Not like that. 656 00:32:39,459 --> 00:32:40,665 Why not? 657 00:32:40,779 --> 00:32:43,908 Because I don't get on bended knee and pledge fealty to the king. 658 00:32:44,019 --> 00:32:45,987 It's not who I am. It's not who you married. 659 00:32:46,099 --> 00:32:48,181 Well, that's just fucking stupid. 660 00:32:48,339 --> 00:32:50,819 The ground is shifting, and you don't even see it. 661 00:32:50,939 --> 00:32:52,748 Or you refuse to see it. 662 00:32:52,859 --> 00:32:56,181 But if this were some stock play, it wouldn't be about pride. 663 00:32:56,299 --> 00:32:57,903 You'd have already cut your losses. 664 00:32:58,019 --> 00:33:00,590 Lara, the ground is shifting because I'm the one moving it. 665 00:33:00,699 --> 00:33:03,350 Lawrence Boyd invited me to his box today. 666 00:33:03,459 --> 00:33:05,621 That tells the Street, tells the world 667 00:33:05,739 --> 00:33:08,310 that my stock, our stock, is about to rally 668 00:33:08,419 --> 00:33:10,547 because Spartan-Ives does not back a loser. 669 00:33:17,659 --> 00:33:20,060 I got to go to work. 670 00:33:24,979 --> 00:33:28,950 I know for a fact Garth Sykes is dumping Axe, 671 00:33:29,059 --> 00:33:30,549 moving over to Vista Verde. 672 00:33:30,659 --> 00:33:35,028 So there is blood in the water. It's a thing of beauty. 673 00:33:35,139 --> 00:33:39,224 I guess the invisible hand of the market is, uh, pushing him off a cliff. 674 00:33:39,339 --> 00:33:42,104 [Chuck Sr.] I would kill for a window 675 00:33:42,219 --> 00:33:44,665 into the panic flowing through that place. 676 00:33:44,779 --> 00:33:46,304 Charles, be sensitive. 677 00:33:46,419 --> 00:33:50,390 Axe must take three sessions just to make it through a day, huh? 678 00:33:50,499 --> 00:33:52,308 [Ellen] Ugh, they're Neanderthals. 679 00:33:52,419 --> 00:33:55,502 It's the hormones. It makes their brains seem small. 680 00:33:55,619 --> 00:33:58,702 It's all right, Ellen. It is a difficult time. 681 00:33:58,819 --> 00:34:01,663 And it's going to get worse before it gets better. 682 00:34:06,459 --> 00:34:09,224 I don't understand why you can't smoke in the house. 683 00:34:09,379 --> 00:34:10,983 I don't smoke. 684 00:34:12,059 --> 00:34:14,300 You're not allowed to, you mean? 685 00:34:15,579 --> 00:34:18,059 I pretty much do what I want. 686 00:34:19,659 --> 00:34:21,388 Maybe not as much as you. 687 00:34:27,139 --> 00:34:28,709 [chuckles] 688 00:34:31,419 --> 00:34:33,786 Getting him to take the plea deal... 689 00:34:33,899 --> 00:34:36,425 that's the trick. 690 00:34:36,539 --> 00:34:38,985 A big settlement that'll hurt him, 691 00:34:39,099 --> 00:34:40,430 get him off of outside money. 692 00:34:40,539 --> 00:34:42,268 What makes you think I would settle? 693 00:34:42,379 --> 00:34:44,427 My desktop calendar. 694 00:34:44,579 --> 00:34:46,946 A conviction could take years. 695 00:34:47,059 --> 00:34:49,266 You don't want it to be your successor that gets the credit. 696 00:34:49,419 --> 00:34:52,229 No, I'll be on the podium for this. 697 00:34:53,899 --> 00:34:58,427 Son, has your vision of the future changed? 698 00:34:58,539 --> 00:35:00,667 Or is it just my vision? 699 00:35:00,779 --> 00:35:03,703 Because after- after that short squeeze incident... 700 00:35:03,819 --> 00:35:06,220 And I understand that I put you in a bad position. 701 00:35:06,339 --> 00:35:08,148 - I understand that. - [clears throat] 702 00:35:08,259 --> 00:35:12,389 But your performance left me more convinced than ever 703 00:35:12,499 --> 00:35:14,740 of your greatness. 704 00:35:14,899 --> 00:35:19,461 There is no high office in the land you could not attain. 705 00:35:19,579 --> 00:35:20,660 Okay, Dad, I appreciate- 706 00:35:20,779 --> 00:35:22,463 But if you want that, 707 00:35:22,619 --> 00:35:26,146 you have to think about things in a certain way. 708 00:35:26,259 --> 00:35:29,945 I didn't when I was younger, and it cost me. 709 00:35:30,939 --> 00:35:33,226 You can't allow yourself 710 00:35:33,379 --> 00:35:36,667 to get drawn in to an unwinnable fight. 711 00:35:36,779 --> 00:35:39,259 And I won't. 712 00:35:39,379 --> 00:35:41,859 Victory will be swift, Dad. 713 00:35:41,979 --> 00:35:43,822 No. 714 00:35:43,939 --> 00:35:46,067 Be realistic. 715 00:35:46,179 --> 00:35:50,025 This guy is gearing up for trench warfare. 716 00:35:50,139 --> 00:35:53,348 ♪ Tense music I 717 00:35:53,459 --> 00:35:54,460 [chuckles] 718 00:35:56,499 --> 00:35:58,547 You've been talking to Wendy, haven't you? 719 00:36:01,459 --> 00:36:04,030 Well, you're the one who's always telling me 720 00:36:04,139 --> 00:36:07,268 that she has your best interests at heart. 721 00:36:07,379 --> 00:36:12,419 III 722 00:36:16,539 --> 00:36:18,382 What the hell was that? 723 00:36:18,499 --> 00:36:21,389 You've twisted my father into carrying your water now? 724 00:36:21,499 --> 00:36:24,389 He called. I told him what I think. 725 00:36:24,499 --> 00:36:25,989 He agreed with me. 726 00:36:27,099 --> 00:36:29,147 That I should settle, huh? 727 00:36:31,899 --> 00:36:33,822 Nice try. 728 00:36:33,979 --> 00:36:37,028 You want me to think that, uh, you're trying to save your job? 729 00:36:37,139 --> 00:36:38,903 Really, you're trying to save Axelrod. 730 00:36:39,019 --> 00:36:41,590 I am trying to save you 731 00:36:41,739 --> 00:36:45,744 and me and him and your father. 732 00:36:48,179 --> 00:36:49,988 Do you trust me? 733 00:36:53,219 --> 00:36:56,223 Just because I trust you doesn't mean I think you're right. 734 00:36:58,739 --> 00:36:59,740 Ask me anything. 735 00:37:02,379 --> 00:37:04,905 Are you gonna open up the book on Axe for me? 736 00:37:05,019 --> 00:37:06,350 The whole way? 737 00:37:06,459 --> 00:37:08,348 - What about the oath? - What do you want to know? 738 00:37:09,939 --> 00:37:11,589 What's he thinking right now? What's he doing? 739 00:37:11,699 --> 00:37:14,270 He's looking for a win. Always. 740 00:37:14,379 --> 00:37:19,067 He needs to find at least a small win in every endeavor, every exchange. 741 00:37:19,179 --> 00:37:20,590 What happens if he can't find one? 742 00:37:20,699 --> 00:37:22,781 Then he'll play a different game, 743 00:37:22,899 --> 00:37:24,264 with different rules, ones you don't know, 744 00:37:24,379 --> 00:37:26,825 no one knows, where... 745 00:37:26,939 --> 00:37:29,704 he can make your loss bigger than his loss. 746 00:37:29,819 --> 00:37:31,628 A lose-lose scenario. 747 00:37:31,739 --> 00:37:32,900 And that doesn't bother him? 748 00:37:33,019 --> 00:37:35,670 Of course it does, but Axe came from nothing. 749 00:37:35,779 --> 00:37:37,463 So, unconsciously, he fears- 750 00:37:37,579 --> 00:37:42,062 no, he may even expect he'll have nothing again. 751 00:37:43,259 --> 00:37:45,261 So he... 752 00:37:45,379 --> 00:37:50,101 loves to put that same fear into others... 753 00:37:51,459 --> 00:37:53,461 ...especially if they're not familiar with it. 754 00:37:56,219 --> 00:37:57,789 [Chuck sighs] 755 00:37:57,939 --> 00:37:58,940 [groans] 756 00:38:01,379 --> 00:38:03,541 Like the Eads family. 757 00:38:03,659 --> 00:38:05,423 The naming rights? I heard about that. 758 00:38:05,539 --> 00:38:07,667 But that's just the part of him I know... 759 00:38:08,859 --> 00:38:11,305 ...that he's allowed me to see. 760 00:38:11,419 --> 00:38:13,581 But you know him better than anybody. 761 00:38:13,699 --> 00:38:17,146 Well, I think I do, but I'm not really sure anyone can. 762 00:38:21,539 --> 00:38:23,621 He's most likely ahead of you... 763 00:38:25,619 --> 00:38:27,542 ...especially when it looks like he's not. 764 00:38:27,659 --> 00:38:30,344 And if he does go down, he will pull you down with him. 765 00:38:30,459 --> 00:38:32,268 I'm not afraid to prosecute anybody. 766 00:38:32,379 --> 00:38:33,710 Okay, it's not about that. 767 00:38:33,819 --> 00:38:37,540 It's about you being your alpha self, not letting him pull you out of your game. 768 00:38:37,659 --> 00:38:39,980 That's his goal in all his deals: 769 00:38:40,099 --> 00:38:42,340 get under their skin, get them to make a mistake. 770 00:38:42,459 --> 00:38:44,700 [sighs] 771 00:38:44,859 --> 00:38:48,750 If this was a different case, uh, at this stage, 772 00:38:48,859 --> 00:38:50,702 I would pursue a plea agreement. 773 00:38:51,779 --> 00:38:52,905 You would. 774 00:38:54,019 --> 00:38:55,862 It's a cardinal rule: you don't trust your career 775 00:38:55,979 --> 00:38:59,950 in the hands of a jury of 12 random crazy people 776 00:39:00,059 --> 00:39:02,585 who might decide a case based on a wink and a smile 777 00:39:02,699 --> 00:39:04,940 and not the law, 778 00:39:05,059 --> 00:39:07,346 which they can't fucking understand in the first place. 779 00:39:07,459 --> 00:39:09,461 [Chuck sighs] 780 00:39:11,499 --> 00:39:13,467 Would he take a deal? 781 00:39:13,579 --> 00:39:16,025 He'd settle if he thought it was a win. 782 00:39:16,139 --> 00:39:18,062 If he thought he tricked you, even better. 783 00:39:18,179 --> 00:39:19,783 The only deal with teeth 784 00:39:19,939 --> 00:39:22,021 would have to take him out of business forever. 785 00:39:22,139 --> 00:39:23,868 That's the only deal he would never take. 786 00:39:24,859 --> 00:39:27,305 Would he take a family office? Would he admit guilt? 787 00:39:27,419 --> 00:39:28,864 Why don't you ask his lawyer? 788 00:39:28,979 --> 00:39:32,108 No, they have to come to me. 789 00:39:32,219 --> 00:39:34,904 If they come to me, then it's on my terms. 790 00:39:37,299 --> 00:39:38,824 I can get him to come to you. 791 00:39:41,179 --> 00:39:43,580 Are you sure? 792 00:39:43,699 --> 00:39:47,590 Well, I mean, what if the Axe we're dealing with now... 793 00:39:47,699 --> 00:39:50,066 what if that's the part of him you don't know about? 794 00:39:50,219 --> 00:39:55,225 III 795 00:40:08,859 --> 00:40:10,782 What happened? 796 00:40:10,899 --> 00:40:13,789 Well, Lawrence Boyd sent me the message. 797 00:40:13,899 --> 00:40:16,903 He pissed right in my face. 798 00:40:18,059 --> 00:40:21,063 [indistinct chatter] 799 00:40:23,219 --> 00:40:25,460 [man] Holy shit. Bobby Axelrod! 800 00:40:25,579 --> 00:40:28,150 Can I get a selfie? I'll get mad followers on my lnstagram. 801 00:40:29,259 --> 00:40:30,385 He didn't show. 802 00:40:30,499 --> 00:40:33,469 Room was full of 20-year-old dipshits. 803 00:40:33,579 --> 00:40:35,149 It was mailroom night. 804 00:40:40,099 --> 00:40:42,386 Well, what the hell do we do now? 805 00:40:44,419 --> 00:40:45,580 [Bobby] It's worse than I thought. 806 00:40:45,699 --> 00:40:47,428 That's why we're standing here. 807 00:40:47,539 --> 00:40:49,826 I didn't think it would go like this, 808 00:40:49,939 --> 00:40:51,270 this fast. 809 00:40:53,259 --> 00:40:54,146 What's the counter? 810 00:40:54,259 --> 00:40:55,784 It's easy. 811 00:40:55,899 --> 00:40:59,221 Rhoades is vulnerable, exposed. 812 00:40:59,339 --> 00:41:01,228 Conflict of interest. 813 00:41:02,739 --> 00:41:03,740 Wendy. 814 00:41:03,859 --> 00:41:06,226 I make it look like she's involved. 815 00:41:07,619 --> 00:41:09,940 Fraud, embezzlement. 816 00:41:10,059 --> 00:41:12,949 Or maybe she's having an affair... 817 00:41:13,059 --> 00:41:15,061 with Bill Steam. 818 00:41:15,219 --> 00:41:16,630 With you, even. 819 00:41:18,899 --> 00:41:20,822 Watch how fast the case goes away. 820 00:41:22,899 --> 00:41:25,061 I'll let you know. 821 00:41:30,059 --> 00:41:32,141 He's working out of the office today. 822 00:41:32,259 --> 00:41:33,499 Will you tell him I need to talk? 823 00:41:33,619 --> 00:41:35,508 In person. It's important. 824 00:41:35,619 --> 00:41:37,109 [woman] Of course. 825 00:41:38,619 --> 00:41:41,350 You're gonna give him a deal? You're gonna fucking let him walk? 826 00:41:41,459 --> 00:41:44,668 If Axelrod comes to the table, we'll see what we can get. 827 00:41:44,779 --> 00:41:45,701 It's the smart way to go. 828 00:41:45,819 --> 00:41:47,708 That's not what you said two days ago. What happened? 829 00:41:49,019 --> 00:41:50,703 I changed my mind. 830 00:41:51,979 --> 00:41:54,983 Aw, this is fucking Birch all over again. 831 00:41:55,099 --> 00:41:57,705 I didn't come here and sacrifice real money 832 00:41:57,819 --> 00:42:00,663 to let these guys write their own "get out ofjail free" cards. 833 00:42:00,779 --> 00:42:02,861 Was it all just bullshit posturing? 834 00:42:03,019 --> 00:42:04,862 - Why? - Because you don't have him! 835 00:42:07,539 --> 00:42:09,940 - Give me more time... - [chuckles] 836 00:42:10,059 --> 00:42:12,107 ...and I will build this case 837 00:42:12,219 --> 00:42:14,825 into a fucking guillotine and drop the blade. 838 00:42:14,939 --> 00:42:15,781 It's too late. 839 00:42:15,899 --> 00:42:18,584 We went into his house, and, uh... 840 00:42:18,739 --> 00:42:20,025 we shit the bed. 841 00:42:21,299 --> 00:42:23,825 Every day I don't bring charges, we lose leverage, 842 00:42:23,939 --> 00:42:25,304 and the deal gets better for him. 843 00:42:25,419 --> 00:42:27,820 So, uh, take the rest of the day off. 844 00:42:27,939 --> 00:42:31,386 Or better yet, wait by the phone for his people to reach out. 845 00:42:39,219 --> 00:42:40,027 [sighs] 846 00:42:43,099 --> 00:42:44,749 [Hall] Hello, Wendy. 847 00:42:47,139 --> 00:42:48,504 Have we met? 848 00:42:49,419 --> 00:42:51,899 No. And we still haven't. 849 00:42:52,019 --> 00:42:54,147 If you want to talk to him, get in. 850 00:42:58,699 --> 00:42:59,586 Where are we going? 851 00:42:59,739 --> 00:43:02,504 ♪ Dramatic music I 852 00:43:02,659 --> 00:43:07,665 III 853 00:43:21,259 --> 00:43:23,626 We have to take precautions. 854 00:43:23,739 --> 00:43:26,060 There's a protocol. 855 00:43:26,179 --> 00:43:31,185 III 856 00:43:39,099 --> 00:43:40,863 It's been a weird couple of days. 857 00:43:42,299 --> 00:43:44,381 Yeah. 858 00:43:44,499 --> 00:43:46,581 It's hard to be sure about anything... 859 00:43:47,659 --> 00:43:49,149 ."anyone. 860 00:43:49,259 --> 00:43:52,149 I understand. 861 00:43:52,259 --> 00:43:54,387 I need to understand something too. 862 00:43:56,699 --> 00:43:59,100 That's why we're sitting here like this. 863 00:44:00,299 --> 00:44:02,222 No one listening but us. 864 00:44:04,819 --> 00:44:06,583 Have I won your trust? 865 00:44:08,899 --> 00:44:11,027 What do you want to understand? 866 00:44:13,219 --> 00:44:14,948 Why are you sticking around? 867 00:44:19,019 --> 00:44:21,784 I am interested in what that question means to you. 868 00:44:22,899 --> 00:44:25,743 - I want to know... - No, I know. 869 00:44:25,859 --> 00:44:27,020 You just want to hear my answer. 870 00:44:28,819 --> 00:44:31,663 I'm not gonna tell you I'm staying because you need me. 871 00:44:33,539 --> 00:44:36,463 Even though you do, more than ever. 872 00:44:36,579 --> 00:44:38,627 And I'm not gonna tell you I'm here for my patients 873 00:44:38,739 --> 00:44:41,868 or because I love my job, even though I do love my job. 874 00:44:41,979 --> 00:44:45,779 And your collection of insecure egomaniacs 875 00:44:45,899 --> 00:44:47,310 would lose a billion a year 876 00:44:47,419 --> 00:44:49,945 if I didn't keep their heads straight. 877 00:44:50,099 --> 00:44:54,263 And I am not going to tell you I'm here spying for Chuck, 878 00:44:54,379 --> 00:44:58,350 because you know that's total fucking nonsense. 879 00:45:02,539 --> 00:45:03,700 The answer... 880 00:45:06,099 --> 00:45:08,340 My answer is, I'm here for me. 881 00:45:10,539 --> 00:45:13,907 Because I built this company just as much as you did. 882 00:45:14,019 --> 00:45:17,740 - That's a bold statement. - That's a true statement. 883 00:45:17,859 --> 00:45:20,590 I put you back together again 884 00:45:20,699 --> 00:45:22,747 when your whole world burned. 885 00:45:22,859 --> 00:45:27,308 III 886 00:45:27,419 --> 00:45:29,308 And I found meaning in that. 887 00:45:30,979 --> 00:45:32,902 I still do. 888 00:45:33,059 --> 00:45:36,745 I'm not happy here, not always, 889 00:45:36,899 --> 00:45:38,867 not now. 890 00:45:42,059 --> 00:45:45,347 But meaning matters more to me than happiness. 891 00:45:45,459 --> 00:45:48,349 And I am in this water... 892 00:45:50,579 --> 00:45:53,105 ...because I don't want to see you throw it all away when you don't have to. 893 00:45:53,219 --> 00:45:54,744 I know. 894 00:45:58,659 --> 00:46:00,263 And I don't want us to lose you. 895 00:46:00,419 --> 00:46:05,380 III 896 00:46:11,659 --> 00:46:13,582 I want to make a deal. 897 00:46:13,699 --> 00:46:15,588 - Will he make one? - Yes. 898 00:46:15,699 --> 00:46:16,985 Will I be able to live with it? 899 00:46:20,179 --> 00:46:22,546 That's up to you. 900 00:46:22,659 --> 00:46:24,582 That has nothing to do with the deal. 901 00:46:24,739 --> 00:46:29,745 III 902 00:46:32,379 --> 00:46:34,063 [footsteps approaching] 903 00:46:39,019 --> 00:46:41,147 How do you feel? 904 00:46:41,259 --> 00:46:42,988 Like somebody else. 905 00:46:45,539 --> 00:46:47,303 What am I gonna say about it? 906 00:46:50,659 --> 00:46:52,787 That I did the right thing. 907 00:46:57,539 --> 00:46:59,303 For all of us. 908 00:47:07,819 --> 00:47:09,503 Adam, hi. 909 00:47:10,459 --> 00:47:14,145 Uh, just wanted to thank you for stopping by the other day. 910 00:47:14,259 --> 00:47:16,739 I thought about what you said, 911 00:47:16,859 --> 00:47:18,349 and I'm not gonna recuse myself. 912 00:47:18,499 --> 00:47:21,025 Well, that's unfortunate. 913 00:47:21,139 --> 00:47:22,948 I believe the Greeks call that "hamartia." 914 00:47:23,059 --> 00:47:23,901 [chuckles] 915 00:47:24,019 --> 00:47:27,466 I disagree, because I'm not gonna lose, and there will not be an appeal. 916 00:47:27,579 --> 00:47:29,820 Axelrod surrendered. 917 00:47:29,939 --> 00:47:31,020 What? A deal? 918 00:47:31,179 --> 00:47:31,987 Mm-hmm. 919 00:47:32,139 --> 00:47:33,425 Yeah, we have a deal on the table, 920 00:47:33,539 --> 00:47:37,339 a termination, a plea, and $1.9 billion. 921 00:47:38,659 --> 00:47:41,139 Biggest insider fine ever paid. 922 00:47:41,259 --> 00:47:43,023 Anyway, thanks again. 923 00:47:43,139 --> 00:47:45,506 Give my regards to the maestro. 924 00:47:45,619 --> 00:47:47,508 You got it, Chuck. Good job. 925 00:47:50,379 --> 00:47:52,063 - [chuckles] - [intercom beeps] 926 00:47:52,179 --> 00:47:54,864 [woman] Your father's still holding on the other line. 927 00:47:58,739 --> 00:47:59,740 Dad, hello. 928 00:47:59,859 --> 00:48:03,420 Chuckie boy, I heard. I heard you took him down. 929 00:48:03,539 --> 00:48:07,066 I'm, uh-l 'm smoking a cigar for you right now... 930 00:48:07,179 --> 00:48:08,908 as soon as I get outside. 931 00:48:09,019 --> 00:48:10,259 I'm not supposed to in the house 932 00:48:10,379 --> 00:48:12,586 now that your mother heard Wendy's rule. 933 00:48:12,699 --> 00:48:14,428 But congratulations! 934 00:48:14,539 --> 00:48:16,348 Yeah, we're quite happy with the terms. 935 00:48:16,459 --> 00:48:17,904 - [Chuck Sr.] Well, it's the smart play. - Yeah. 936 00:48:18,059 --> 00:48:20,585 And even as a kid, you would never get into a fight 937 00:48:20,699 --> 00:48:22,542 unless you knew you could win it. 938 00:48:23,699 --> 00:48:26,669 Oh, do you remember that Mintz boy? 939 00:48:26,819 --> 00:48:29,948 He was a head taller than you, probably could've made you eat dirt. 940 00:48:30,059 --> 00:48:33,029 And he left that ball field thinking you were best friends. 941 00:48:33,139 --> 00:48:34,220 Okay, Dad, I got to go. 942 00:48:34,339 --> 00:48:36,945 And then I made sure he didn't get into Dalton. 943 00:48:37,059 --> 00:48:38,106 Good-bye! 944 00:48:42,059 --> 00:48:45,700 Highest fucking fine ever levied, $1.9 billion. 945 00:48:45,819 --> 00:48:47,025 [Orrin] We got everything we wanted. 946 00:48:47,139 --> 00:48:48,186 Family office. Sure. 947 00:48:48,339 --> 00:48:49,625 Yeah. 948 00:48:49,739 --> 00:48:51,946 That's worse than the fucking fine. 949 00:48:52,059 --> 00:48:54,505 The money, I can get back, but not my name. 950 00:48:54,619 --> 00:48:58,465 We'll petition for reinstatement after Rhoades leaves. 951 00:48:58,579 --> 00:49:01,310 After the White House turns over, we'll get it. 952 00:49:01,419 --> 00:49:04,309 You'll be managing outside money again within five years. 953 00:49:04,419 --> 00:49:06,467 That's five years I'll never get back. 954 00:49:08,339 --> 00:49:09,420 Where's the silverware? 955 00:49:09,539 --> 00:49:12,190 No, it's, uh-it's Ethiopian. 956 00:49:12,299 --> 00:49:16,065 I got you extra injera, and, uh, you use your hands. 957 00:49:19,619 --> 00:49:23,066 This is an opportunity to be here with us. 958 00:49:23,179 --> 00:49:25,546 Step it up, Ben Kim. 959 00:49:25,659 --> 00:49:27,627 Step it UP- 960 00:49:27,739 --> 00:49:29,229 Sorry. 961 00:49:29,379 --> 00:49:30,904 I'll go get some. 962 00:49:31,019 --> 00:49:32,259 Do you have it? 963 00:49:33,299 --> 00:49:34,505 Right here. 964 00:49:40,259 --> 00:49:43,149 ♪ Tense music I 965 00:49:43,259 --> 00:49:48,265 III 966 00:49:52,459 --> 00:49:55,190 Uh, there's one other thing. 967 00:49:55,299 --> 00:49:56,983 I do not like other things. 968 00:49:57,099 --> 00:50:00,865 I sensed a possible waffle on the specifics of the plea. 969 00:50:00,979 --> 00:50:03,141 Connerty did commit to a no-guilty plea 970 00:50:03,259 --> 00:50:06,183 but said he would have to reconfirm with Rhoades. 971 00:50:06,299 --> 00:50:08,108 What could they come with? 972 00:50:08,219 --> 00:50:11,621 At worst, the company will have to plead guilty to conspiracy. 973 00:50:11,739 --> 00:50:13,662 - Fuck. - Penalty is the same. 974 00:50:13,779 --> 00:50:15,508 An admission of guilt? 975 00:50:18,179 --> 00:50:21,262 If they put that in front of me tomorrow, 976 00:50:21,379 --> 00:50:23,347 I don't think I can sign it. 977 00:50:28,379 --> 00:50:29,380 [groans] 978 00:50:29,499 --> 00:50:34,505 III 979 00:50:36,219 --> 00:50:37,550 It's gonna be okay. 980 00:50:37,699 --> 00:50:39,667 [groans] 981 00:50:39,779 --> 00:50:44,785 III 982 00:51:04,699 --> 00:51:05,700 [door opens] 983 00:51:07,179 --> 00:51:08,340 They're coming up. 984 00:51:11,539 --> 00:51:16,545 III 985 00:51:29,139 --> 00:51:31,107 You've been briefed by your lawyers, Mr. Axelrod. 986 00:51:31,219 --> 00:51:34,063 We'll try to get you out of here as soon as possible. 987 00:51:34,179 --> 00:51:37,581 "As part of the proposed global resolution, 988 00:51:37,699 --> 00:51:40,782 the defendant agrees to an aggregate financial penalty 989 00:51:40,899 --> 00:51:42,947 of $1.9 billion, 990 00:51:43,099 --> 00:51:46,262 to the termination of their investment advisory business, 991 00:51:46,379 --> 00:51:48,541 and... 992 00:51:48,659 --> 00:51:52,983 the company agrees to plead guilty to conspiracy." 993 00:51:53,099 --> 00:51:58,105 III 994 00:52:01,259 --> 00:52:03,261 Do we have a deal, Mr. Axelrod? 995 00:52:04,339 --> 00:52:09,345 III 996 00:52:16,739 --> 00:52:17,706 Okay. 997 00:52:19,619 --> 00:52:20,859 Okay. 998 00:52:22,899 --> 00:52:25,140 Axe Capital accepts such a penalty as fair, 999 00:52:25,259 --> 00:52:27,307 reasonable, and adequate within the limitations 1000 00:52:27,419 --> 00:52:29,899 Congress has imposed on federal regulators 1001 00:52:30,059 --> 00:52:32,141 to recover investor losses. 1002 00:52:32,259 --> 00:52:33,306 Bryan... 1003 00:52:35,619 --> 00:52:38,384 ...didn't he say that he would never settle? 1004 00:52:39,419 --> 00:52:41,183 That's what he's been saying. 1005 00:52:41,299 --> 00:52:43,984 You know, out there, you guys always talk so tough, 1006 00:52:44,099 --> 00:52:46,943 but you always end up in here. 1007 00:52:47,059 --> 00:52:49,539 Why is that? 1008 00:52:49,659 --> 00:52:52,549 Because he knows he's a crook. 1009 00:52:52,659 --> 00:52:54,866 Innocent people would never take a hit like that. 1010 00:52:54,979 --> 00:52:56,504 Beyond the pale. My client- 1011 00:52:56,619 --> 00:52:58,667 You got me, Rhoades. 1012 00:52:58,779 --> 00:53:00,588 $1.9 billion. 1013 00:53:00,699 --> 00:53:02,701 It's gonna hurt. 1014 00:53:02,819 --> 00:53:05,220 But not like a shark bite. 1015 00:53:05,339 --> 00:53:07,546 It's more like a...a what? A bee sting. 1016 00:53:07,659 --> 00:53:10,822 Bee sting? No, that hurts. More like a horsefly. 1017 00:53:10,939 --> 00:53:12,748 [Bobby] One of those little green horseflies? 1018 00:53:12,859 --> 00:53:13,781 [Wags] Yeah, a nasty nip. 1019 00:53:13,939 --> 00:53:16,067 No, more like an ant, like a red ant. 1020 00:53:16,179 --> 00:53:19,308 Yeah, yeah. Stings for a minute but doesn't ruin the picnic. 1021 00:53:20,859 --> 00:53:24,068 "Plea agreement is subject to judicial approval, 1022 00:53:24,179 --> 00:53:26,022 pursuant to Rule 11(c) (1) (C) 1023 00:53:26,139 --> 00:53:29,029 of the Federal Rules of Criminal Procedure." 1024 00:53:29,139 --> 00:53:31,585 Actually, it's good to get past this stuff. 1025 00:53:31,699 --> 00:53:32,905 You know, just get it out of the way. 1026 00:53:33,019 --> 00:53:35,590 [Wags] Yeah, we can make that $1.9 back in, what, eight months? 1027 00:53:35,699 --> 00:53:36,541 Six. 1028 00:53:38,179 --> 00:53:40,466 [Orrin] The termination of Axe Capital's advisory business 1029 00:53:40,579 --> 00:53:42,741 closes the fund to outside investors. 1030 00:53:42,859 --> 00:53:47,262 Yeah, you can score that one for the superstars over at the SEC. 1031 00:53:47,379 --> 00:53:48,665 As a family office, 1032 00:53:48,779 --> 00:53:51,623 Mr. Axelrod can invest his personal assets... 1033 00:53:51,739 --> 00:53:53,787 No. 1034 00:53:53,899 --> 00:53:55,469 No family office. 1035 00:53:57,099 --> 00:53:58,260 Lifetime ban. 1036 00:53:58,379 --> 00:54:03,306 III 1037 00:54:08,059 --> 00:54:09,743 Put the money in a trust, fine, 1038 00:54:09,859 --> 00:54:12,021 but you never trade securities again. 1039 00:54:15,219 --> 00:54:18,462 Not for institutions, not for individual investors, 1040 00:54:18,579 --> 00:54:20,104 not even for yourself. 1041 00:54:20,219 --> 00:54:25,259 III 1042 00:54:36,779 --> 00:54:41,819 III 1043 00:54:51,779 --> 00:54:53,383 What the fuck just happened? 1044 00:54:56,259 --> 00:54:58,023 ♪ Metallica's "Master of Puppets" playing a' 1045 00:54:58,139 --> 00:55:00,301 ♪ End of passion play a' 1046 00:55:00,459 --> 00:55:02,461 ♪ Crumbling away a' 1047 00:55:02,579 --> 00:55:06,379 ♪ I'm your source of self-destruction I 1048 00:55:06,499 --> 00:55:08,740 - Pull over. - ♪ Veins that pump with fear ♪ 1049 00:55:08,859 --> 00:55:10,782 ♪ Sucking darkest clear I 1050 00:55:10,899 --> 00:55:14,949 ♪ Leading on your death's construction I 1051 00:55:15,099 --> 00:55:17,306 ♪ Taste me, you will see I 1052 00:55:17,419 --> 00:55:19,342 ♪ More is all you need I 1053 00:55:19,459 --> 00:55:24,021 ♪ Dedicated to how I'm killing you I 1054 00:55:24,139 --> 00:55:27,780 III 1055 00:55:27,899 --> 00:55:32,302 ♪ Come crawling faster I 1056 00:55:32,419 --> 00:55:36,981 ♪ Obey your master ♪ 1057 00:55:37,099 --> 00:55:41,548 ♪ Your life burns faster I 1058 00:55:41,659 --> 00:55:44,230 ♪ Obey your master ♪ 1059 00:55:49,419 --> 00:55:50,750 I heard. 1060 00:55:53,379 --> 00:55:54,744 How did it happen? 1061 00:55:55,939 --> 00:55:59,910 The moment came, and, uh, Axe blew a gasket. 1062 00:56:00,739 --> 00:56:03,106 Took down the whole meeting. 1063 00:56:03,219 --> 00:56:05,062 Tore the check up into tiny pieces. 1064 00:56:05,179 --> 00:56:08,183 I thought he might trash the room on his way out. [chuckles] 1065 00:56:09,339 --> 00:56:11,023 Christ. 1066 00:56:12,699 --> 00:56:13,621 We're back to this. 1067 00:56:16,019 --> 00:56:17,544 No, it's fucking worse. 1068 00:56:17,659 --> 00:56:21,141 I c-l can't live in the middle and- 1069 00:56:21,259 --> 00:56:22,784 You won't. 1070 00:56:24,259 --> 00:56:27,741 I've decided, for the good of our marriage, 1071 00:56:27,859 --> 00:56:30,305 I'm not gonna be part of the case going forward. 1072 00:56:32,179 --> 00:56:33,988 - Really? - Mm-hmm. 1073 00:56:34,139 --> 00:56:35,903 I've recused myself. 1074 00:56:36,019 --> 00:56:38,386 I already notified Washington. 1075 00:56:40,819 --> 00:56:42,708 - I am proud of you. - Mm. 1076 00:56:44,139 --> 00:56:46,619 Looking past yourself. 1077 00:56:46,739 --> 00:56:49,185 Seeing the bigger picture. Five years ago, you wouldn't have. 1078 00:56:49,299 --> 00:56:52,143 That is substantial fucking growth. 1079 00:56:53,899 --> 00:56:54,900 [gasps] 1080 00:57:10,099 --> 00:57:12,147 I got to go walk the dog. 1081 00:57:16,939 --> 00:57:18,509 I'll be back. 1082 00:57:23,939 --> 00:57:25,703 [Chuck] Thanks for coming out so late. 1083 00:57:25,819 --> 00:57:27,389 Always. 1084 00:57:29,059 --> 00:57:32,142 You're a goddamn hero for standing up to those pricks today. 1085 00:57:32,259 --> 00:57:33,988 [chuckles] Okay. 1086 00:57:34,099 --> 00:57:37,262 You can count on me to finish what you started. 1087 00:57:37,379 --> 00:57:39,143 I'm all in. 1088 00:57:39,259 --> 00:57:41,830 And I'm gonna put a hurt on him that he can't buy his way out of. 1089 00:57:41,939 --> 00:57:43,623 Good. 1090 00:57:43,739 --> 00:57:45,901 I want you to keep me in the loop about what you're doing. 1091 00:57:47,219 --> 00:57:48,903 But you're recusing yourself. 1092 00:57:49,019 --> 00:57:51,340 I'm still gonna need you to keep me informed. 1093 00:57:51,459 --> 00:57:53,780 Then you're not really recused. 1094 00:57:53,899 --> 00:57:56,220 I am, officially. 1095 00:57:57,939 --> 00:57:59,862 There can't be any trail back to me. 1096 00:57:59,979 --> 00:58:02,346 No documents, no email chains, no witnesses. 1097 00:58:02,459 --> 00:58:04,223 We only talk behind closed doors. 1098 00:58:04,339 --> 00:58:06,182 I can handle this case on my own. 1099 00:58:06,299 --> 00:58:08,666 Of course you can, but the gloves are off. 1100 00:58:08,779 --> 00:58:11,385 We do whatever it takes. 1101 00:58:13,899 --> 00:58:16,789 ♪ Metallica's "Master of Puppets" playing a' 1102 00:58:16,899 --> 00:58:18,139 III 1103 00:58:18,259 --> 00:58:21,980 ♪ Master of puppets, I'm pulling your strings a' 1104 00:58:22,099 --> 00:58:25,990 ♪ Twisting your mind and smashing your dreams a' 1105 00:58:26,099 --> 00:58:28,705 ♪ Blinded by me, you can't see a thing I 1106 00:58:28,819 --> 00:58:31,948 ♪ Just call my name, 'cause I'll hear you scream a' 1107 00:58:32,059 --> 00:58:34,266 ♪ Master, master 4' 1108 00:58:34,379 --> 00:58:38,270 ♪ Just call my name, 'cause I'll hear you scream a' 1109 00:58:38,379 --> 00:58:40,541 ♪ Master, master 4' 1110 00:58:40,659 --> 00:58:45,665 N!' 1111 00:58:51,019 --> 00:58:54,023 [laughter]