1 00:00:22,160 --> 00:00:23,240 So you knew. 2 00:00:24,000 --> 00:00:26,120 No, I didn't know shit. 3 00:00:26,200 --> 00:00:28,440 Surely, it was obvious that I couldn't stand the little creep. 4 00:00:28,520 --> 00:00:30,720 He was in our house practically swallowing you. 5 00:00:30,800 --> 00:00:33,080 Well, you should have been fucking specific! 6 00:00:33,160 --> 00:00:35,880 You introduced us. You didn't think, I don't know, 7 00:00:35,960 --> 00:00:38,240 maybe if you had concerns about a... 8 00:00:38,320 --> 00:00:40,000 about a life-altering disaster, 9 00:00:40,080 --> 00:00:41,960 one that you helped me get into... 10 00:00:42,040 --> 00:00:45,720 You need to stop speaking to me like that! 11 00:00:46,240 --> 00:00:49,160 You never had the right and you certainly don't have it now! 12 00:00:51,120 --> 00:00:53,120 Yas, what the fuck are we gonna do? 13 00:00:54,720 --> 00:00:56,840 Honestly, what the fuck am I gonna do? 14 00:00:56,920 --> 00:00:58,760 I mean, "Now that you're implicated." 15 00:00:59,280 --> 00:01:00,280 I-- What does it mean? 16 00:01:00,360 --> 00:01:02,360 Oh, it's just self-mythologizing nonsense. 17 00:01:02,440 --> 00:01:04,760 It reads like a guru terrorist manifesto. 18 00:01:04,840 --> 00:01:06,040 It's a threat. 19 00:01:09,560 --> 00:01:11,120 Look, I-- I-- I think, uh... 20 00:01:12,200 --> 00:01:14,560 I think what he's saying is... is that ignorance 21 00:01:14,640 --> 00:01:16,840 is not a credible legal defense for me. 22 00:01:16,920 --> 00:01:18,520 He's saying I won't be spared jail. 23 00:01:18,600 --> 00:01:20,039 Oh my God. 24 00:01:20,120 --> 00:01:21,400 Shall I wipe my phone? 25 00:01:21,480 --> 00:01:24,520 -My emails? -No, no, no, I don't think so. 26 00:01:25,720 --> 00:01:27,960 -It's an admission of guilt. -Yeah, but I'm not guilty! 27 00:01:28,039 --> 00:01:30,480 I don't think that matters anymore, does it, Henry? 28 00:01:32,680 --> 00:01:34,600 Fucking headlines write themselves. 29 00:01:34,680 --> 00:01:37,400 I mean, we live in a house paid for by Tender. 30 00:01:38,479 --> 00:01:41,320 Both of our salaries will be cut off. Our stock is worthless. 31 00:01:42,000 --> 00:01:43,920 Where is the rest of the money, Henry? 32 00:01:47,039 --> 00:01:48,080 What? 33 00:01:50,160 --> 00:01:51,640 What? Where the fuck is it, Henry? 34 00:01:51,720 --> 00:01:53,200 No one could put that much in their arm. 35 00:01:53,800 --> 00:01:55,600 You still have a fucking nose on your face, 36 00:01:55,680 --> 00:01:57,360 so where's the rest of the money? 37 00:02:01,080 --> 00:02:02,960 I used it to, um, to buy some... 38 00:02:03,440 --> 00:02:04,960 well, to buy Tender stock. 39 00:02:09,639 --> 00:02:10,759 Oh my God. 40 00:02:11,640 --> 00:02:13,560 Yeah, why are we talking about money again? 41 00:02:14,680 --> 00:02:18,840 The public perception of my morality is on the block. 42 00:02:18,920 --> 00:02:20,680 And, please, take this with the love 43 00:02:20,760 --> 00:02:22,920 with which it is intended, but nobody gives a fuck 44 00:02:23,000 --> 00:02:24,640 about how you come out of this, okay? 45 00:02:24,720 --> 00:02:27,240 -Not in the wider scheme. -Are you kidding me? 46 00:02:27,320 --> 00:02:30,160 Henry, we're gonna end up with nothing! We're gonna end up with nothing! 47 00:02:30,240 --> 00:02:33,400 How can you give a single shit about the fucking press release? 48 00:02:33,480 --> 00:02:34,920 Because it's what matters! 49 00:02:36,760 --> 00:02:38,240 Because I want to be better! 50 00:02:39,520 --> 00:02:42,400 Because that's the purpose of living a life. To be better! 51 00:02:42,960 --> 00:02:44,840 You know, I am a good person, 52 00:02:44,920 --> 00:02:46,640 and the world shall tell that back to me, 53 00:02:46,720 --> 00:02:48,600 otherwise what am I doing here? 54 00:02:48,680 --> 00:02:50,360 -What am I for? -Oh my God! 55 00:03:00,640 --> 00:03:01,640 You're right. 56 00:03:05,840 --> 00:03:07,920 You're right, of course. I'm so sorry. 57 00:03:40,000 --> 00:03:42,000 We're not the ones to blame here. 58 00:03:44,360 --> 00:03:46,160 Other people let this happen. 59 00:03:47,400 --> 00:03:48,560 Remember that. 60 00:03:53,000 --> 00:03:54,079 Of course. 61 00:04:13,320 --> 00:04:15,560 Fuck, it snapped back. 62 00:04:16,040 --> 00:04:17,600 Tender's up almost ten percent already. 63 00:04:17,680 --> 00:04:21,519 Uh... They've issued another press release of Tony Day's denials in writing. 64 00:04:21,600 --> 00:04:24,040 -Anything new in it? -"Claims are baseless 65 00:04:24,120 --> 00:04:25,400 and misleading and do not represent 66 00:04:25,480 --> 00:04:27,360 the company's financial reality. 67 00:04:27,440 --> 00:04:30,080 The company maintains a robust internal framework." 68 00:04:30,160 --> 00:04:33,880 I mean, this shit is literally designed to make any reader glaze over. 69 00:04:33,960 --> 00:04:35,960 Yeah, everything is a rehash at this point. 70 00:04:36,040 --> 00:04:37,400 Anything about a new audit? 71 00:04:37,480 --> 00:04:40,320 No, just affirmations of the results of previous ones. 72 00:04:40,400 --> 00:04:44,280 Okay, so we hold the line until a new one is confirmed. 73 00:04:44,360 --> 00:04:46,159 Yeah, well, who's forcing them into that? 74 00:04:46,720 --> 00:04:49,159 Without another audit, we're dead in the water. 75 00:04:50,760 --> 00:04:53,680 Well, I mean, maybe it's time we 76 00:04:54,200 --> 00:04:56,880 meditate on how we catalyze the audit that kills them. 77 00:05:01,400 --> 00:05:03,120 What would Eric's take be on that? 78 00:05:04,600 --> 00:05:05,640 How should I know? 79 00:05:06,880 --> 00:05:08,360 He decided not to be here. 80 00:05:38,560 --> 00:05:39,680 Shut the door. 81 00:05:46,800 --> 00:05:47,800 Can you, uh... 82 00:05:49,000 --> 00:05:51,280 let me gather my thoughts for a second? Sorry. 83 00:05:53,440 --> 00:05:54,440 Take your time. 84 00:05:56,200 --> 00:05:57,600 We don't have much. 85 00:05:59,480 --> 00:06:01,640 I feel like I'm in the room with a reptile. 86 00:06:02,400 --> 00:06:03,920 No, just a man. 87 00:06:06,840 --> 00:06:10,280 Get whatever you need to off your chest, 'cause I need you to focus. 88 00:06:15,440 --> 00:06:17,640 I've been thinking about going to the authorities all night. 89 00:06:17,720 --> 00:06:18,840 Why shouldn't I? 90 00:06:18,920 --> 00:06:22,160 You already know why you didn't go, or you would've gone. 91 00:06:23,600 --> 00:06:24,800 I'm an accessory. 92 00:06:25,440 --> 00:06:27,760 -You're the face of the company. -An accomplice? 93 00:06:27,840 --> 00:06:30,520 Fraud, embezzlement, market manipulation. 94 00:06:31,480 --> 00:06:34,680 Hire the cream of the legal crop, you're not escaping jail time, Henry. 95 00:06:36,800 --> 00:06:38,040 So... 96 00:06:39,680 --> 00:06:41,159 why write me that letter? 97 00:06:41,680 --> 00:06:45,240 Think of the optics if my CEO went AWOL now. 98 00:06:46,040 --> 00:06:47,120 Besides... 99 00:06:48,480 --> 00:06:50,200 we're close enough for honesty. 100 00:06:51,680 --> 00:06:53,040 Fuck yourself. 101 00:06:53,120 --> 00:06:56,560 Everything we have done since we partnered has been true. 102 00:06:58,280 --> 00:07:00,920 Why let them rob us of our glory for what was, at the time, 103 00:07:01,000 --> 00:07:02,880 necessary balance sheet imagination? 104 00:07:04,160 --> 00:07:06,640 Our share price will continue to recover. 105 00:07:06,720 --> 00:07:10,680 Tender 2.0 has successfully transitioned us into real revenue 106 00:07:10,760 --> 00:07:13,720 and phased out inflated third-party acquisition flaws. 107 00:07:14,760 --> 00:07:15,800 "Fake." 108 00:07:17,040 --> 00:07:20,320 Do you start using the fucking word "fake"? 109 00:07:22,200 --> 00:07:26,280 I watched SternTao's presentation, which part of it was wrong, exactly? 110 00:07:26,360 --> 00:07:29,240 It's simply a misalignment between the velocity of my vision 111 00:07:29,320 --> 00:07:30,720 and the velocity of regulation. 112 00:07:30,800 --> 00:07:33,720 And that gap is where smart people have always made money. 113 00:07:35,120 --> 00:07:36,120 Henry, look at me. 114 00:07:38,240 --> 00:07:39,440 I have to buy time. 115 00:07:40,920 --> 00:07:43,960 Make a clean audit as protracted a process as possible. 116 00:07:44,040 --> 00:07:47,320 Delay and complicate until some of our 117 00:07:47,400 --> 00:07:49,680 overrepresented cash flows can be swallowed 118 00:07:49,760 --> 00:07:51,560 by a much larger balance sheet. 119 00:07:51,640 --> 00:07:52,960 How? 120 00:07:53,880 --> 00:07:54,960 Targeted acquisition. 121 00:07:56,560 --> 00:07:57,600 Hostile takeover. 122 00:07:57,680 --> 00:07:59,720 'Cause its as simple as saying that, right? 123 00:07:59,800 --> 00:08:02,000 How the fuck would that even work? 124 00:08:02,080 --> 00:08:03,120 A few months ago, 125 00:08:03,200 --> 00:08:07,560 when you said we should increase our stake in Pierpoint, 126 00:08:07,640 --> 00:08:10,400 I used Cayman and Luxembourg SPVs 127 00:08:10,480 --> 00:08:15,000 to build an undisclosed synthetic position to buy shares in Pierpoint. 128 00:08:17,560 --> 00:08:20,600 Al-Mi'raj are spinning Pierpoint out. 129 00:08:20,680 --> 00:08:21,920 They've been looking for an exit, 130 00:08:22,000 --> 00:08:23,640 practically ever since they bought the old bitch. 131 00:08:23,720 --> 00:08:25,080 Do you even know what you sound like? 132 00:08:25,160 --> 00:08:26,600 This is how it's gonna play. 133 00:08:27,440 --> 00:08:32,120 We say, "Due to a transformational merger, 134 00:08:32,799 --> 00:08:37,200 any audit must reflect pro forma consolidation." 135 00:08:37,880 --> 00:08:39,320 We need to hire more advisors. 136 00:08:39,960 --> 00:08:41,919 Since you unwisely fired my auditor of choice, 137 00:08:42,000 --> 00:08:44,200 we have to add intermediaries, add complexity 138 00:08:44,280 --> 00:08:47,160 to the jurisdictional fog of who audits us, 139 00:08:47,240 --> 00:08:50,880 plus, the media smokescreen of a turbo-bullish headline. 140 00:08:54,240 --> 00:08:56,440 I don't think there's a single person on earth 141 00:08:56,520 --> 00:08:58,480 who thinks like that in this scenario. 142 00:09:00,240 --> 00:09:01,720 No, you're lucky you have me. 143 00:09:08,280 --> 00:09:09,960 What do I... What do I do? 144 00:09:11,240 --> 00:09:12,400 Believe in us. 145 00:09:15,120 --> 00:09:16,160 One more time. 146 00:09:19,880 --> 00:09:21,960 Whitney, the board's convening in an hour. 147 00:09:27,800 --> 00:09:29,160 Oh, God. 148 00:09:29,920 --> 00:09:31,560 Well, I'm sure it hasn't gone unnoticed 149 00:09:31,640 --> 00:09:34,520 for the Secretary of State that there are whispers in the city 150 00:09:34,600 --> 00:09:39,600 that some of the Tender profits are as real as a stripper's affection. 151 00:09:39,680 --> 00:09:41,440 Well, I'm sure his colorful, 152 00:09:41,520 --> 00:09:43,240 roguish language will continue to play well 153 00:09:43,320 --> 00:09:44,760 for the Andrew Tate clones 154 00:09:44,840 --> 00:09:46,480 and Russian bots who like all his posts. 155 00:09:46,560 --> 00:09:48,600 This shouldn't descend into cheap point scoring. 156 00:09:48,680 --> 00:09:51,120 It is clearly in the public interest 157 00:09:51,200 --> 00:09:54,480 to understand what position Tender is now in, 158 00:09:54,560 --> 00:09:57,520 -and what risk it might now pose. -Agreed. 159 00:09:57,600 --> 00:09:59,240 So let's ask the Secretary of State 160 00:09:59,320 --> 00:10:02,120 to just explain the nature of her interactions 161 00:10:02,200 --> 00:10:03,560 with Tender senior management. 162 00:10:03,640 --> 00:10:06,440 Sebastian, as a former entrepreneur yourself, 163 00:10:06,520 --> 00:10:08,240 you well know that ministers routinely meet 164 00:10:08,320 --> 00:10:10,080 with a large number of business leaders, 165 00:10:10,160 --> 00:10:12,280 stakeholders and industry representatives. 166 00:10:12,360 --> 00:10:15,160 All such meetings are conducted in line with the Ministerial Code 167 00:10:15,240 --> 00:10:17,080 and they are properly recorded in transparency returns. 168 00:10:17,160 --> 00:10:19,120 But people are saying that you and your department 169 00:10:19,200 --> 00:10:21,480 were in bed with Tender senior management, 170 00:10:21,560 --> 00:10:24,160 and expedited their licenses and approvals 171 00:10:24,240 --> 00:10:25,280 in search of good headlines. 172 00:10:25,360 --> 00:10:27,680 Expediting licenses? I mean, that is a serious allegation 173 00:10:27,760 --> 00:10:29,480 you're making against the Minister personally there. 174 00:10:29,560 --> 00:10:30,800 Yes. Do you have proof? 175 00:10:30,880 --> 00:10:33,920 'Cause what you're saying is a deliberate inflammation of totally normal practice. 176 00:10:34,000 --> 00:10:36,640 -So you are in bed with them? -Look, I'm not in bed with anyone 177 00:10:36,720 --> 00:10:38,080 apart from my husband. Sorry, you... 178 00:10:38,160 --> 00:10:40,480 -We almost had a scoop there. -Yeah. Yeah. 179 00:10:40,560 --> 00:10:42,400 Uh, you have no proof. 180 00:10:42,480 --> 00:10:44,480 Look, I understand the mainstream media hasn't deemed 181 00:10:44,560 --> 00:10:46,200 this front-page news yet, 182 00:10:46,280 --> 00:10:49,360 but people's lives and their hard-won finances, 183 00:10:49,440 --> 00:10:51,000 they don't play out in the business pages. 184 00:10:51,080 --> 00:10:53,440 These are real people. This is real money. 185 00:10:53,520 --> 00:10:55,680 These are not pieces on Whitehall's chessboard. 186 00:10:56,280 --> 00:10:59,680 Lisa has made a career attacking Conservative, 187 00:10:59,760 --> 00:11:02,600 cozy contamination of party politics and business beliefs. 188 00:11:02,680 --> 00:11:03,960 All I would say to your listeners 189 00:11:04,040 --> 00:11:07,200 is sometimes when you are shown a hypocrite, 190 00:11:07,800 --> 00:11:09,280 all you can do is hand them a mirror. 191 00:11:09,360 --> 00:11:11,840 Look, we've heard your spiel, and we don't need to hear it again. 192 00:11:11,920 --> 00:11:15,320 Far more important is the question of how vulnerable this bank is. 193 00:11:15,400 --> 00:11:17,040 There are suggestions, 194 00:11:17,120 --> 00:11:18,920 Business Secretary, you have seen on social media... 195 00:11:19,000 --> 00:11:21,840 Alexander, are you in London? 196 00:11:26,920 --> 00:11:29,360 What's the blast radius of this fucking thing? 197 00:11:29,440 --> 00:11:30,960 How big could it get and how quickly? 198 00:11:31,040 --> 00:11:34,400 We were doing our jobs and fulfilling the PM's brief. 199 00:11:34,480 --> 00:11:37,920 The insistent messaging about post-Brexit dynamism. 200 00:11:38,000 --> 00:11:39,800 The amount of bastard times he said to me, 201 00:11:39,880 --> 00:11:42,520 "Lisa, we can't keep losing contracts to Frankfurt and Dubai. 202 00:11:42,600 --> 00:11:44,040 Make the world feel we're pro-enterprise." 203 00:11:44,120 --> 00:11:46,240 If you think deflecting blame to Number 10's 204 00:11:46,320 --> 00:11:48,480 gonna help your cause, I'd advise a rethink. 205 00:11:48,560 --> 00:11:50,320 We don't know what we're dealing with yet. 206 00:11:50,400 --> 00:11:52,440 We may have been elected with a sandcastle majority, 207 00:11:52,520 --> 00:11:55,320 but it doesn't mean the PM needs to govern like a shit-scared Kremlinite. 208 00:11:55,400 --> 00:11:56,880 We're not gonna wear that risk. 209 00:11:56,960 --> 00:12:00,080 What's stopping us flushing this out, calling our own audit? 210 00:12:00,160 --> 00:12:02,120 We can't mark our own homework. 211 00:12:02,720 --> 00:12:04,160 Fuck's sake. 212 00:12:04,240 --> 00:12:07,480 And what does a fucking self-inflicted bailout do 213 00:12:07,560 --> 00:12:09,040 to our sandcastle majority? 214 00:12:10,840 --> 00:12:12,720 The PM's gonna want a fucking name. 215 00:12:20,280 --> 00:12:22,200 Thanks for not throwing me to the wolves. 216 00:12:22,720 --> 00:12:25,000 I'd probably stand up for David Cameron 217 00:12:25,080 --> 00:12:26,840 against that toady gobshite. 218 00:12:28,000 --> 00:12:29,720 Can I offer you an apology? 219 00:12:30,600 --> 00:12:32,880 Spare me. I backed you. 220 00:12:32,960 --> 00:12:35,920 And then I watched your naivety play out in slow motion. 221 00:12:36,000 --> 00:12:37,560 Maybe we can ride this out. 222 00:12:37,640 --> 00:12:39,960 How many off-book meetings did you have 223 00:12:40,040 --> 00:12:41,200 with Tender management? 224 00:12:41,720 --> 00:12:43,440 How many times did the Mucks pick up the tab? 225 00:12:43,520 --> 00:12:44,720 How frequently are you recorded 226 00:12:44,800 --> 00:12:46,760 as being in their offices or their home? 227 00:12:48,040 --> 00:12:50,120 Make no mistake, if this flares up anymore, 228 00:12:50,200 --> 00:12:52,480 they'll throw a body overboard before Politics Hour, 229 00:12:52,560 --> 00:12:55,480 and your answer to those questions is more damning than mine. 230 00:12:56,640 --> 00:12:57,720 Sorry. 231 00:13:06,880 --> 00:13:09,160 Yasmin, it's Jenni. Um... 232 00:13:09,680 --> 00:13:11,360 Thanks for reaching out. 233 00:13:11,440 --> 00:13:14,320 Listen, I-- I-- I do think I need to speak to Norton. 234 00:13:14,840 --> 00:13:17,440 And Kevin from the red-top. 235 00:13:17,520 --> 00:13:20,400 Kevin thinks the Prime Minister is a Marxist, Jenni. 236 00:13:20,480 --> 00:13:23,360 I mean, he makes Marine Le Pen look like a Lib Dem councilor. 237 00:13:23,440 --> 00:13:27,280 I still think I am gonna need the help of the Norton tabloids. 238 00:13:27,360 --> 00:13:28,520 I'm just... 239 00:13:29,360 --> 00:13:32,320 I'm trying to see how I'm gonna land in the fallout. 240 00:13:32,400 --> 00:13:33,880 You sound a little scared. 241 00:13:35,200 --> 00:13:37,480 I just need to understand my options. 242 00:13:37,560 --> 00:13:38,760 I need to be smart. 243 00:13:39,480 --> 00:13:40,560 Yeah, okay. 244 00:13:40,640 --> 00:13:44,000 Well, look, I'm here to help, so let me see what I can do. 245 00:13:44,480 --> 00:13:45,680 All right? 246 00:13:51,960 --> 00:13:53,560 Sounds like they're scrambling. 247 00:13:54,120 --> 00:13:55,120 Yeah. 248 00:13:56,280 --> 00:13:59,360 Look, it's best for the family to start shaping a narrative 249 00:13:59,440 --> 00:14:02,320 that shifts the blame to the right place. 250 00:14:04,880 --> 00:14:07,240 Labour's relationship with Halberstram predates mine 251 00:14:07,320 --> 00:14:09,440 and Henry's involvement in the company. 252 00:14:10,800 --> 00:14:12,320 I think that's the story. 253 00:14:13,320 --> 00:14:15,080 I think we should use the tabloids. 254 00:14:15,600 --> 00:14:16,760 Kevin. 255 00:14:21,440 --> 00:14:22,880 He's the right man for this. 256 00:14:24,960 --> 00:14:26,320 You know, if we splash with this, 257 00:14:26,400 --> 00:14:28,240 lead with the government, I don't think there's any way 258 00:14:28,320 --> 00:14:29,680 the company survives. 259 00:14:30,360 --> 00:14:31,680 Have you factored that in? 260 00:14:35,240 --> 00:14:37,520 It's what's best for the family. 261 00:14:39,840 --> 00:14:41,400 Yes, you keep saying that. 262 00:14:43,600 --> 00:14:46,520 Maybe there's no need for me to put this delicately, but... 263 00:14:47,040 --> 00:14:50,160 may I inquire about the status of your marriage? 264 00:14:54,120 --> 00:14:56,000 You've seen my marriage, Alexander. 265 00:14:56,560 --> 00:15:00,320 His behavior, his treatment of you, it hasn't improved? 266 00:15:02,920 --> 00:15:05,720 You know, I'm not saying that I'm blameless. 267 00:15:07,960 --> 00:15:09,520 I mean, there are high highs, 268 00:15:10,840 --> 00:15:12,400 but the lows are low. 269 00:15:15,480 --> 00:15:16,920 Yeah, he's unfaithful. 270 00:15:18,640 --> 00:15:21,320 -I know he's an addict, but... -He's relapsed. 271 00:15:22,200 --> 00:15:24,600 -Drink? -Definitely booze. 272 00:15:30,520 --> 00:15:33,160 I'm not sure about the rest. I mean, I know that 273 00:15:34,120 --> 00:15:35,560 he's a cocaine user. 274 00:15:39,440 --> 00:15:41,040 And I know he's used heroin. 275 00:15:50,120 --> 00:15:51,240 Often. 276 00:15:58,400 --> 00:15:59,440 Often? 277 00:16:02,200 --> 00:16:03,240 Often. 278 00:16:07,760 --> 00:16:09,000 Good afternoon, everyone. 279 00:16:09,600 --> 00:16:12,440 We wanna launch a stock-for-stock hostile takeover 280 00:16:12,520 --> 00:16:14,360 of Pierpoint ahead of their AGM this week. 281 00:16:15,560 --> 00:16:16,600 Tenacious. 282 00:16:16,680 --> 00:16:18,640 Henry and I could jump on a flight tonight. 283 00:16:18,720 --> 00:16:20,000 Our stock continues to rally, 284 00:16:20,080 --> 00:16:21,600 so we'd be trading at a premium to Pierpoint. 285 00:16:21,680 --> 00:16:24,840 I don't understand why we aren't privileging a new audit. 286 00:16:24,920 --> 00:16:26,360 We have nothing to hide. 287 00:16:26,440 --> 00:16:30,240 If there are no skeletons in the closet, why not open the closet? 288 00:16:30,800 --> 00:16:33,640 I imagine there is a time sensitivity issue. 289 00:16:33,720 --> 00:16:36,080 Also a confidentiality issue 290 00:16:36,160 --> 00:16:38,880 around disclosure of valuations in the deal terms. 291 00:16:39,680 --> 00:16:42,400 Henry, you're Whitney's chosen man. 292 00:16:43,000 --> 00:16:44,840 Is he making the right call here? 293 00:16:50,040 --> 00:16:51,160 Fuck's sake, Henry! 294 00:16:51,240 --> 00:16:53,120 Tell them how passionately you lobbied me for this 295 00:16:53,200 --> 00:16:54,720 as our fearless leader and CEO. 296 00:16:58,160 --> 00:17:00,120 Al-Mi'raj Pierpoint 297 00:17:00,680 --> 00:17:03,480 is already subject to audit supervision. 298 00:17:04,119 --> 00:17:07,920 We could consolidate post-acquisition 299 00:17:08,000 --> 00:17:13,240 and submit to a group-wide audit next year. 300 00:17:14,200 --> 00:17:17,119 This is an essential move for our longevity. 301 00:17:17,839 --> 00:17:19,960 We are saying to the world and market, 302 00:17:20,440 --> 00:17:21,520 we aren't scared. 303 00:17:22,280 --> 00:17:23,359 We don't run. 304 00:17:25,079 --> 00:17:26,359 Running is not an option. 305 00:17:27,640 --> 00:17:28,800 To be clear, 306 00:17:28,880 --> 00:17:31,360 this isn't final acquisition approval? 307 00:17:31,440 --> 00:17:32,560 Correct. With this vote, 308 00:17:32,640 --> 00:17:35,560 authority is hereby delegated to CEO and CFO 309 00:17:35,640 --> 00:17:37,880 in concert with legal and compliance, 310 00:17:37,960 --> 00:17:41,360 to structure any transaction and return to the board with final terms. 311 00:17:42,240 --> 00:17:43,280 All against? 312 00:17:47,080 --> 00:17:49,800 I think it's high time the men leading this company 313 00:17:49,880 --> 00:17:52,640 stopped sidestepping substantive questions. 314 00:17:52,720 --> 00:17:54,120 Cool. All in favor? 315 00:18:06,920 --> 00:18:07,920 Thank you, everyone. 316 00:18:09,120 --> 00:18:10,600 This resolution is adopted. 317 00:18:21,520 --> 00:18:23,440 Do you ever let go of that crutch? 318 00:18:23,920 --> 00:18:25,880 My only vice. Well, one of them. 319 00:18:27,080 --> 00:18:29,360 If you ever see me without it, you can assume I'm dead. 320 00:18:32,120 --> 00:18:34,400 Yasmin suggested to me... 321 00:18:36,800 --> 00:18:41,400 that you may have compromising recordings of us. 322 00:18:42,920 --> 00:18:44,480 Explicit recordings. 323 00:18:45,760 --> 00:18:47,080 Of you and who? 324 00:18:48,480 --> 00:18:49,480 Do you? 325 00:18:50,560 --> 00:18:51,840 What do you think? 326 00:18:53,840 --> 00:18:55,360 You think I'm capable of that? 327 00:18:57,200 --> 00:18:59,440 Yeah. Yeah, I do. 328 00:19:00,040 --> 00:19:01,800 Then you've answered your own question. 329 00:19:10,280 --> 00:19:11,440 Yeah? 330 00:19:11,520 --> 00:19:13,520 Wilhelmina, we're on our way to see you. 331 00:19:13,600 --> 00:19:16,480 I'm warning you, I am getting a huge amount of blowback 332 00:19:16,560 --> 00:19:19,280 about the Tender headlines as we prep for tomorrow's AGM. 333 00:19:19,360 --> 00:19:21,760 There's rumors of an Al-Mi'raj term sheet floating around. 334 00:19:21,840 --> 00:19:23,280 Word is you're being sold. 335 00:19:23,360 --> 00:19:26,360 Clean structure. Laughable leverage ratio. 336 00:19:26,440 --> 00:19:30,760 That is not entirely inaccurate. 337 00:19:30,840 --> 00:19:32,680 What are they pricing you at? 338 00:19:32,760 --> 00:19:36,920 1.2 times book and a 90-day clawback window? 339 00:19:37,000 --> 00:19:40,360 You're not far off. They're pricing us to go. 340 00:19:40,440 --> 00:19:43,480 Well, let's speed it along for you. 341 00:19:46,240 --> 00:19:47,600 Henry has something to say. 342 00:19:58,560 --> 00:20:00,520 Al-Mi'raj never loved you 343 00:20:00,600 --> 00:20:03,440 and had no idea what to do with you. 344 00:20:06,960 --> 00:20:08,960 We could be a transatlantic giant. 345 00:20:09,760 --> 00:20:12,200 You're not buying a fucking lollipop, for Christ's sakes. 346 00:20:12,280 --> 00:20:15,760 There's stakeholder optics, governance, a process. 347 00:20:16,360 --> 00:20:19,680 -Then give the floor to me. -Well, how do you mean? At the AGM? 348 00:20:19,760 --> 00:20:21,480 No. You have no formal standing. 349 00:20:21,560 --> 00:20:24,720 You have the power to cede the floor to me under special motions. 350 00:20:24,800 --> 00:20:26,440 You're not a stakeholder of record. 351 00:20:26,520 --> 00:20:28,720 Well, it should be known that we're holding Pierpoint stock 352 00:20:28,800 --> 00:20:30,120 under a number of nominee structures. 353 00:20:30,200 --> 00:20:31,640 And we're an important strategic partner. 354 00:20:31,720 --> 00:20:33,400 I don't have to be noisy about price suppression, 355 00:20:33,480 --> 00:20:36,560 or, God forbid, talk about the undeclared sovereign wealth 356 00:20:36,640 --> 00:20:37,840 in your recap structure. 357 00:20:38,840 --> 00:20:40,360 What? That doesn't exist? 358 00:20:40,440 --> 00:20:43,240 Well, me saying it is almost as bad as it existing. 359 00:20:43,320 --> 00:20:48,920 Or I could leak my counter-valuation to the press, or worse, say that, 360 00:20:49,520 --> 00:20:53,440 Al-Mi'raj is a distressed seller in no position to make a strategic exit. 361 00:20:54,280 --> 00:20:56,360 I'll tie cinder blocks to the Pierpoint price 362 00:20:56,440 --> 00:20:58,560 and throw it in the Hudson. 363 00:21:00,160 --> 00:21:01,320 Yeah, point made. 364 00:21:02,400 --> 00:21:05,320 You wanna use our AGM to declare a hostile takeover? 365 00:21:05,800 --> 00:21:07,680 A hostile without hostility. 366 00:21:07,760 --> 00:21:09,520 I wanna offer a premium. 367 00:21:11,240 --> 00:21:12,880 Al-Mi'raj wants out. 368 00:21:12,960 --> 00:21:14,760 Let's give them an above-market print. 369 00:21:14,840 --> 00:21:16,640 I'll get you a clean, attractive exit. 370 00:21:18,920 --> 00:21:21,520 And a halo for everybody's fucking news cycle. 371 00:21:22,240 --> 00:21:24,400 Look for two smiles in the crowd. 372 00:21:27,080 --> 00:21:29,280 Making our final approach to Newark shortly. 373 00:21:39,680 --> 00:21:42,120 Sorry about how we covered your old man. 374 00:21:42,200 --> 00:21:44,000 Ghastly stuff you went through. 375 00:21:44,080 --> 00:21:46,200 Don't worry. He was a bastard. 376 00:21:46,280 --> 00:21:48,560 Well, that was the angle that sold, yeah. 377 00:21:49,200 --> 00:21:51,800 Hi. I need to run and grab Jen. 378 00:21:51,880 --> 00:21:54,120 She thinks Princess Di was killed by the SAS. 379 00:21:54,200 --> 00:21:55,280 Take a seat, Jenni. 380 00:21:57,360 --> 00:22:00,280 We know it all must feel like it's sort of getting on top of you. 381 00:22:00,360 --> 00:22:02,400 But don't worry, you're with friends. 382 00:22:02,480 --> 00:22:03,760 You know, we have a roadmap. 383 00:22:03,840 --> 00:22:07,240 No one's gonna ask you to do anything. You can just sit there and listen. 384 00:22:07,320 --> 00:22:09,880 You don't need me to tell you how radioactive this is 385 00:22:09,960 --> 00:22:11,000 for the government. 386 00:22:12,560 --> 00:22:14,120 Someone's going down for it. 387 00:22:14,200 --> 00:22:16,480 And Lisa is already feathering her nest. 388 00:22:16,560 --> 00:22:17,920 What have you heard? 389 00:22:18,000 --> 00:22:22,280 You don't get to her position by acting impractically. 390 00:22:22,360 --> 00:22:23,960 I mean, she's positioning herself 391 00:22:24,040 --> 00:22:26,680 to come out of this as the adult in the room. 392 00:22:28,040 --> 00:22:33,600 Jenni, did you ever raise any red flags about Tender? 393 00:22:34,400 --> 00:22:38,080 Did you feel stonewalled by top-down expectations? 394 00:22:38,640 --> 00:22:42,320 I haven't had a chance to reckon with any sort of hindsight. 395 00:22:44,480 --> 00:22:47,680 Pressure to help party leadership. 396 00:22:48,880 --> 00:22:50,320 But Lisa was always the cautious one. 397 00:22:50,400 --> 00:22:52,320 Yeah, see, I'd cut that. 398 00:22:53,280 --> 00:22:55,120 The messaging's pretty simple. 399 00:22:55,200 --> 00:22:57,560 You were a young, dissenting voice 400 00:22:57,640 --> 00:23:01,040 overruled by grim, old bureaucrats. 401 00:23:01,640 --> 00:23:03,560 Your warnings were ignored. 402 00:23:03,640 --> 00:23:07,640 You know, you were principled, youthful, uncontaminated. 403 00:23:07,720 --> 00:23:09,600 But you know how much of this I was driving. 404 00:23:10,280 --> 00:23:13,080 I mean, I was a guest at a private residence for fuck's sake. 405 00:23:13,160 --> 00:23:15,720 -I am the tainted one. -But nobody knows that. 406 00:23:17,440 --> 00:23:18,960 I'm not gonna tell anyone. 407 00:23:19,040 --> 00:23:21,280 If that's true, why'd you even need me? 408 00:23:21,800 --> 00:23:23,480 The solution's pretty fucking clear. 409 00:23:23,560 --> 00:23:27,280 If this goes front-page, the company is finished. 410 00:23:27,360 --> 00:23:29,120 I have deniability. 411 00:23:29,200 --> 00:23:31,680 I was just one of thousands of global employees. 412 00:23:41,760 --> 00:23:43,960 -What would you need? -Anything. 413 00:23:44,040 --> 00:23:48,640 Memos, minutes, documents that can overstate the case 414 00:23:48,720 --> 00:23:50,480 for Lisa's proximity to Tender 415 00:23:50,560 --> 00:23:53,600 and communicate her passion for it to succeed at any cost. 416 00:23:55,800 --> 00:23:56,920 Lies. 417 00:23:57,680 --> 00:23:58,920 Points of emphasis. 418 00:24:12,400 --> 00:24:16,920 Journalism shouldn't be about myth-making 419 00:24:17,760 --> 00:24:20,920 for an aristocratic class. I can't. 420 00:24:21,760 --> 00:24:24,480 Lisa brought me into government. 421 00:24:24,560 --> 00:24:26,720 I wasn't even gonna run, but she... 422 00:24:26,800 --> 00:24:29,680 she lobbied the National Executive Committee. 423 00:24:30,200 --> 00:24:31,880 She pushed for the safe seat. 424 00:24:31,960 --> 00:24:34,400 What were you hoping would happen in here exactly? 425 00:24:34,480 --> 00:24:37,840 No, no, but when it's laid out like this, so brazen, I... 426 00:24:37,920 --> 00:24:40,120 I can't do that to her. Look, this... 427 00:24:40,680 --> 00:24:43,200 this entire conversation is off the record, all right? 428 00:24:44,240 --> 00:24:45,360 -All right? -Naturally. 429 00:24:51,600 --> 00:24:53,120 We appreciate your... 430 00:24:54,400 --> 00:24:55,520 principles. 431 00:24:58,880 --> 00:25:01,160 Honestly, these women are hilarious. 432 00:25:01,240 --> 00:25:03,040 How do they think this ends? 433 00:25:03,120 --> 00:25:04,760 If Bevan's not gonna play ball, 434 00:25:04,840 --> 00:25:07,200 we need to figure out another way to stick this on Dearn. 435 00:25:07,800 --> 00:25:09,600 Well, what if we picked it up from another source? 436 00:25:10,240 --> 00:25:12,880 I mean, surely then we avoid direct liability 437 00:25:12,960 --> 00:25:15,040 for sourcing and verifying a leak. 438 00:25:15,640 --> 00:25:17,040 If there is a leak, 439 00:25:17,760 --> 00:25:21,400 a memo, pick it up and make it pop. 440 00:25:21,480 --> 00:25:24,160 Smart. Can say we're reporting public domain, 441 00:25:24,240 --> 00:25:25,640 less risk of defamation claim. 442 00:25:26,280 --> 00:25:29,040 Ideally, it would be an investigative outlet. 443 00:25:29,120 --> 00:25:32,000 Add a veneer of credibility. By the time we publish, 444 00:25:32,080 --> 00:25:34,040 Westminster would be aflame with the early report 445 00:25:34,120 --> 00:25:35,920 and we can confirm it as a coup de grâce. 446 00:25:36,000 --> 00:25:38,920 These amateurs wanna test the media food chain? 447 00:25:39,600 --> 00:25:40,760 Maybe the front page 448 00:25:40,840 --> 00:25:44,480 of a red-top can still turn a minor outlet's work 449 00:25:44,560 --> 00:25:47,280 into a fully fledged fucking career-ender. 450 00:25:50,720 --> 00:25:52,280 Don't sound so excited. 451 00:25:53,840 --> 00:25:54,960 Just leave it with me. 452 00:25:56,640 --> 00:25:58,000 Great to meet you, Kevin. 453 00:26:01,320 --> 00:26:03,080 Hard fucking bird. 454 00:26:13,440 --> 00:26:14,560 Happy to see me? 455 00:26:15,560 --> 00:26:16,960 Or is that impossible now? 456 00:26:17,040 --> 00:26:19,120 I'm actually a little more than surprised. 457 00:26:26,600 --> 00:26:29,200 So, this is the nerve center. 458 00:26:31,360 --> 00:26:34,240 -Where is everyone? -It's just me this afternoon. 459 00:26:37,080 --> 00:26:38,200 Lonely? 460 00:26:39,720 --> 00:26:40,840 Always. 461 00:26:49,600 --> 00:26:51,680 How have you two not killed each other yet? 462 00:26:51,760 --> 00:26:52,960 He exited the fund. 463 00:26:53,880 --> 00:26:55,800 Maybe we finally did. Coffee? 464 00:26:59,160 --> 00:27:00,320 Thank you. 465 00:27:03,880 --> 00:27:08,720 So, um, I have it on good authority that Dearn and Bevan 466 00:27:08,800 --> 00:27:10,840 have been in the Norton offices all morning... 467 00:27:11,360 --> 00:27:13,480 -...trying to save face and torch the other. 468 00:27:13,960 --> 00:27:15,240 The cover-up is on, huh? 469 00:27:15,920 --> 00:27:17,400 Yeah, the whole thing stinks. 470 00:27:17,880 --> 00:27:20,800 I can personally verify that government officials 471 00:27:20,880 --> 00:27:23,120 were far too close to Tender management. 472 00:27:24,280 --> 00:27:25,320 I mean, the pressure. 473 00:27:25,400 --> 00:27:26,880 They wanted everything done yesterday. 474 00:27:27,360 --> 00:27:30,040 I remember Dearn introducing Henry at WebHorizon. 475 00:27:30,120 --> 00:27:33,240 Wasn't Bevan at Henry's 40th, or am I misremembering? 476 00:27:33,320 --> 00:27:35,040 Yep. At Dearn's request. 477 00:27:35,120 --> 00:27:36,960 But it goes far deeper than that. 478 00:27:37,880 --> 00:27:39,760 I mean, Dearn was always in our offices. 479 00:27:40,240 --> 00:27:41,920 You know, the whole cabinet saw her 480 00:27:42,000 --> 00:27:45,280 as an anti-business trade union lover. 481 00:27:45,360 --> 00:27:47,520 She wanted to use Tender as an antidote to that. 482 00:27:48,040 --> 00:27:49,280 A trophy. 483 00:27:49,960 --> 00:27:52,160 Maybe Dycker missed a big piece of the story. 484 00:27:52,720 --> 00:27:54,480 No, I think this is the story. 485 00:27:59,800 --> 00:28:01,360 And then there was the memo. 486 00:28:06,280 --> 00:28:07,360 What memo? 487 00:28:08,560 --> 00:28:11,080 Bevan says that Dearn told her department 488 00:28:11,160 --> 00:28:12,600 to bury a briefing note. 489 00:28:13,480 --> 00:28:15,320 Tender represents a risk 490 00:28:15,400 --> 00:28:17,560 to UK regulatory credibility type of thing, 491 00:28:17,640 --> 00:28:20,120 and it was suppressed at a ministerial level. 492 00:28:21,880 --> 00:28:24,280 FCA, PRA, National Audit Office? 493 00:28:24,760 --> 00:28:27,760 Um, well, I don't know. Like I said, I didn't see it. 494 00:28:28,240 --> 00:28:30,160 This is just what I was told. 495 00:28:34,560 --> 00:28:38,920 Wow. You'd bet a political firestorm would speed the end of the company. 496 00:28:41,000 --> 00:28:43,040 Your job to bet, not mine. 497 00:28:46,320 --> 00:28:49,920 Questions in Parliament, public inquiry, 498 00:28:50,000 --> 00:28:52,200 independent audit of the government's interactions 499 00:28:52,280 --> 00:28:53,400 with the company. 500 00:28:53,480 --> 00:28:56,080 Maybe a government-mandated audit into Tender. 501 00:28:58,960 --> 00:29:00,720 Don't fuck me around, Yas. Come on. 502 00:29:01,880 --> 00:29:03,880 Be blunt. What are you asking me to do? 503 00:29:06,520 --> 00:29:07,800 I'm working on my own... 504 00:29:09,240 --> 00:29:10,280 escape. 505 00:29:11,680 --> 00:29:13,760 I'm managing the timing of my resignation 506 00:29:13,840 --> 00:29:16,600 and also steering people to know that I was a constant, 507 00:29:16,680 --> 00:29:19,400 lone, dissenting voice in the company. 508 00:29:19,480 --> 00:29:20,880 You weren't though, right? 509 00:29:23,720 --> 00:29:24,920 What difference does it make? 510 00:29:28,600 --> 00:29:30,760 Our interests finally align. 511 00:29:33,480 --> 00:29:36,080 Get this in front of someone willing to write about it. 512 00:29:37,560 --> 00:29:39,520 The share price isn't gonna tank itself. 513 00:29:42,560 --> 00:29:43,680 Help me help you. 514 00:29:49,280 --> 00:29:54,200 The wake was a riot with a beautiful eulogy from his mother. 515 00:29:55,720 --> 00:29:58,160 Jim was very honest in his dealings with me. 516 00:29:58,240 --> 00:29:59,440 Trust me, I tested him. 517 00:29:59,520 --> 00:30:03,600 There was no personal financial angle at all. 518 00:30:07,080 --> 00:30:08,120 I... 519 00:30:09,440 --> 00:30:11,600 I heard from someone that warnings were made 520 00:30:11,680 --> 00:30:13,280 and ignored about Tender, 521 00:30:14,120 --> 00:30:17,320 that Labour's business department are now at war, 522 00:30:17,400 --> 00:30:18,480 passing the buck. 523 00:30:19,040 --> 00:30:20,200 Well, your... 524 00:30:20,760 --> 00:30:23,200 Sweetpea Golightly got quite close 525 00:30:23,280 --> 00:30:26,360 to bringing us an insider, or so she made it seem. 526 00:30:27,400 --> 00:30:30,640 You should probably all leave journalism 527 00:30:30,720 --> 00:30:31,760 to the journalists. 528 00:30:33,200 --> 00:30:35,480 Look, there's talk of memos. 529 00:30:36,000 --> 00:30:40,240 A top-down culture of "act now, questions later." 530 00:30:40,320 --> 00:30:42,280 Yasmin Muck, who ran their comms, 531 00:30:42,360 --> 00:30:45,800 repeatedly raised concerns, again, on Deaf ears. 532 00:30:46,680 --> 00:30:48,360 Do you have access to these memos? 533 00:30:49,240 --> 00:30:51,320 No. No, I'm told they exist. 534 00:30:54,240 --> 00:30:55,600 What do you want me to do then? 535 00:30:56,120 --> 00:30:59,600 Frame the article as a question. Don't name me. 536 00:30:59,680 --> 00:31:02,760 Call me an insider, a market source, whatever. 537 00:31:04,240 --> 00:31:05,560 No one else has this. 538 00:31:06,920 --> 00:31:08,720 You can be cautious in your wording, 539 00:31:08,800 --> 00:31:10,600 but any question is provocation. 540 00:31:11,600 --> 00:31:13,920 The public's money is tied up in this. 541 00:31:17,160 --> 00:31:19,200 You know, your face does this amazing thing 542 00:31:19,280 --> 00:31:21,080 when your concerns become moral. 543 00:31:21,600 --> 00:31:25,720 Your eyes soften like you're trying to trick your physiognomy 544 00:31:25,800 --> 00:31:28,600 into telling yourself you actually care about this shit. 545 00:31:31,360 --> 00:31:33,280 I'm tipping you off on a huge story. 546 00:31:33,360 --> 00:31:34,880 Has that been lost in the wash? 547 00:31:35,440 --> 00:31:38,080 Make some calls. Whitehall, the regulators. 548 00:31:38,840 --> 00:31:40,520 Build it out. That's not my job. 549 00:31:42,640 --> 00:31:44,400 Good opportunity for you to carry Jim's torch. 550 00:31:44,480 --> 00:31:48,520 Don't do that. Jesus Christ, let's-- let's all agree 551 00:31:48,600 --> 00:31:51,320 that that, that there is fucking grotesque. 552 00:31:56,040 --> 00:31:58,440 It's like the saddest fucking thing in the world. 553 00:31:59,760 --> 00:32:00,840 What's that? 554 00:32:03,040 --> 00:32:04,480 Unfulfilled potential. 555 00:32:47,920 --> 00:32:49,640 Not a fucking word. 556 00:32:56,520 --> 00:32:58,840 All right, all right, all right. Okay. 557 00:33:14,160 --> 00:33:15,960 You've reached Halberstram. Leave a message. 558 00:33:29,680 --> 00:33:30,840 Oh, fuck. 559 00:33:34,960 --> 00:33:38,200 I was meticulous at every stage, how could you possibly know? 560 00:33:38,280 --> 00:33:39,560 Your dead-drop phone. 561 00:33:42,520 --> 00:33:45,000 The identical model to the one you often stare at. 562 00:33:45,840 --> 00:33:47,240 The one you rarely turn on. 563 00:33:47,320 --> 00:33:48,800 The one you take the SIM out of. 564 00:33:48,880 --> 00:33:50,720 Powered it on when you landed and auto connected 565 00:33:50,800 --> 00:33:53,200 to the airport Wi-Fi. 566 00:33:53,280 --> 00:33:55,360 Fuck! Fuck! 567 00:33:55,440 --> 00:33:57,880 That airport is a surveillance choke point. 568 00:33:58,840 --> 00:34:00,960 The calls to your fixer and the subsequent ability 569 00:34:01,040 --> 00:34:03,600 to map the flow of cash exchange around the calls. 570 00:34:04,240 --> 00:34:06,800 First payment of 120,000 dollars 571 00:34:06,880 --> 00:34:10,080 to Sunpath Living Residential Solutions, 572 00:34:10,159 --> 00:34:13,159 a jouhatsu disappearing company in Saitama Prefecture. 573 00:34:13,239 --> 00:34:16,120 These night-moving companies aren't the real deal. 574 00:34:16,679 --> 00:34:17,760 It's like witness protection. 575 00:34:18,280 --> 00:34:21,120 Someone wants to find you, they'll find you. 576 00:34:21,199 --> 00:34:23,000 Please, please, just let me catch my flight 577 00:34:23,080 --> 00:34:24,520 and disappear. You won't hear from me again. 578 00:34:24,600 --> 00:34:25,800 It is not an option. 579 00:34:27,400 --> 00:34:28,480 While Tender has a pulse, 580 00:34:28,560 --> 00:34:30,840 it remains a very useful data set. 581 00:34:32,840 --> 00:34:33,880 So what? If... 582 00:34:35,120 --> 00:34:36,560 it dies, I go with it? 583 00:34:37,320 --> 00:34:38,679 On the contrary. 584 00:34:39,639 --> 00:34:41,360 You stick around and face the consequences 585 00:34:41,440 --> 00:34:44,040 of your actions without implicating me. 586 00:34:45,159 --> 00:34:46,159 Us. 587 00:34:46,679 --> 00:34:49,080 Escape is a fantasy. 588 00:34:49,960 --> 00:34:51,800 You're only hearing this because they want you to. 589 00:34:52,280 --> 00:34:54,600 You no longer exist outside their tolerance. 590 00:35:00,880 --> 00:35:02,080 And the journalist? 591 00:35:03,440 --> 00:35:04,440 Dycker? 592 00:35:06,440 --> 00:35:07,520 Did you... 593 00:35:08,760 --> 00:35:10,440 finish him, too? 594 00:35:11,160 --> 00:35:14,800 You learn very fast that compliance is the only logical path. 595 00:35:15,760 --> 00:35:18,720 Continue onto the AGM and everything can be compartmentalized. 596 00:35:19,480 --> 00:35:22,480 Tender buying Pierpoint opens up an entirely new data set. 597 00:35:23,600 --> 00:35:24,680 Tender's the future. 598 00:35:26,480 --> 00:35:27,520 Tender's real. 599 00:35:28,960 --> 00:35:30,320 Tender's beautiful. 600 00:35:32,280 --> 00:35:36,000 Just act like the great lie of your life is not that different from its only truth. 601 00:35:36,680 --> 00:35:38,680 You're world-class at this performance. 602 00:35:41,040 --> 00:35:43,680 I'll find the version of you that fucking remembers that. 603 00:35:47,120 --> 00:35:49,400 Go on. Off you fuck. 604 00:36:08,840 --> 00:36:10,600 Why didn't you answer your phone? 605 00:36:10,680 --> 00:36:13,000 -Go to sleep. -Who the fuck was that? 606 00:36:13,080 --> 00:36:14,240 Someone I owe money to. 607 00:36:14,720 --> 00:36:15,840 Fucking who? 608 00:36:15,920 --> 00:36:17,400 Just a guy I see when I'm here, okay? 609 00:36:17,480 --> 00:36:19,800 -What guy? -Just a fucking guy. 610 00:36:22,160 --> 00:36:24,520 What? You never fucking paid for it? Go to sleep. 611 00:36:36,480 --> 00:36:41,120 Did you see the story that ran on FinDigest overnight? 612 00:36:41,200 --> 00:36:44,520 FinDigest? It's a digital fucking pamphlet. 613 00:36:44,600 --> 00:36:47,680 Proper drilled into your department's coziness 614 00:36:47,760 --> 00:36:48,880 with Tender C-Suite. 615 00:36:49,400 --> 00:36:53,080 I got a pre-publication notice from the tabloids on the back of it. 616 00:36:53,160 --> 00:36:57,600 They picked it up and now Norton wants to position you 617 00:36:58,360 --> 00:37:00,600 as Tender's chief governmental architect. 618 00:37:04,400 --> 00:37:06,640 Not much spin we can put on your dozen 619 00:37:06,720 --> 00:37:09,800 or so Tender office visits, your introduction 620 00:37:09,880 --> 00:37:12,480 of Henry to WebHorizon, or your photo op with him. 621 00:37:12,560 --> 00:37:17,280 What about their reporting of a suppressed Internal Risk Assessment 622 00:37:17,360 --> 00:37:20,000 warning against Tender's rollout in the UK? 623 00:37:20,080 --> 00:37:22,320 You know this is prefaced by "sources claim" 624 00:37:22,400 --> 00:37:24,560 because it doesn't fucking exist. 625 00:37:24,640 --> 00:37:28,680 Your initials are on the provisional authorization merger 626 00:37:28,760 --> 00:37:31,160 and the granting of Tender's UK banking license 627 00:37:31,240 --> 00:37:32,560 that followed hard behind it. 628 00:37:32,640 --> 00:37:34,760 And what else do those minutes show? 629 00:37:34,840 --> 00:37:36,840 The moment you walked into that meeting 630 00:37:36,920 --> 00:37:39,000 endorsing the PM's wishes, it became a done deal. 631 00:37:39,080 --> 00:37:40,160 Funnily enough, Norton 632 00:37:40,240 --> 00:37:42,520 and his bullshit complex didn't mention that. 633 00:37:42,600 --> 00:37:44,840 Who else? Which regulators didn't you hit? 634 00:37:44,920 --> 00:37:47,280 How many red flags did you torch before those cowards 635 00:37:47,360 --> 00:37:49,640 -could run them up the flagpole? -Wow. 636 00:37:50,680 --> 00:37:52,640 Does sounding off make you feel better? 637 00:37:54,960 --> 00:37:56,040 Right. 638 00:37:57,240 --> 00:38:00,400 “Acquit yourself of your charge, for I have long been prepared.” 639 00:38:01,120 --> 00:38:02,160 Excuse me? 640 00:38:02,720 --> 00:38:04,280 It's what Anne Boleyn said 641 00:38:04,360 --> 00:38:06,880 before the blade kissed her pretty White neck. 642 00:38:08,200 --> 00:38:09,720 It means get the fuck on with it. 643 00:38:10,400 --> 00:38:13,080 I accept ministerial responsibility 644 00:38:13,600 --> 00:38:17,920 and I will weigh resignation as a point of principle. Okay? 645 00:38:19,320 --> 00:38:21,000 Like fuck you will. 646 00:38:22,480 --> 00:38:25,480 The PM's expecting your resignation letter 647 00:38:25,560 --> 00:38:27,880 on his desk before the story runs. 648 00:38:30,360 --> 00:38:33,000 Short and sweet, to his point. 649 00:38:34,040 --> 00:38:36,120 You're always too romantic, Lisa. 650 00:38:38,000 --> 00:38:39,600 You mean Secretary of State? 651 00:38:41,280 --> 00:38:42,520 No, I don't. 652 00:38:58,560 --> 00:39:00,560 We remain well capitalized 653 00:39:00,640 --> 00:39:03,120 with a core Tier 1 capital ratio of... 654 00:39:03,200 --> 00:39:05,240 What's wrong with you? You look terrible. 655 00:39:06,320 --> 00:39:07,440 I'm not feeling myself. 656 00:39:07,520 --> 00:39:08,520 Now, as ever, 657 00:39:08,600 --> 00:39:10,880 -I would like to close my remarks... -I don't think I can do this. 658 00:39:10,960 --> 00:39:12,680 -...by saying that... -Yeah, well, you have to. 659 00:39:12,760 --> 00:39:14,360 ...we at Al-Mi'raj Pierpoint pride ourselves 660 00:39:14,440 --> 00:39:16,520 -on our proximity to regulators. -I can't. 661 00:39:17,040 --> 00:39:18,600 That said, unless anyone has 662 00:39:18,680 --> 00:39:20,640 -anything they wish to add... -You need to fucking perform. 663 00:39:20,720 --> 00:39:21,720 ...ladies, gentlemen. 664 00:39:21,800 --> 00:39:24,600 At this point, I'd like to open the floor to questions. 665 00:39:25,160 --> 00:39:28,120 -Whitney, look at me. -Okay, quite a few. 666 00:39:30,000 --> 00:39:32,440 Do the fucking thing you do. 667 00:39:41,560 --> 00:39:45,400 Yes, I would like to start with Mr. Halberstram 668 00:39:45,960 --> 00:39:47,960 whose courage-under-fire leadership 669 00:39:48,040 --> 00:39:51,040 of our strategic partner, Tender, has not gone unnoticed. 670 00:39:51,680 --> 00:39:53,240 Whitney, you wanna kick us off? 671 00:39:53,760 --> 00:39:56,400 Any operational insights you'd like to share? 672 00:39:59,000 --> 00:40:00,120 I... 673 00:40:03,400 --> 00:40:06,480 speak on behalf of myself and our CEO, Henry Muck. 674 00:40:09,200 --> 00:40:11,760 It's a privilege to be with you all this afternoon. 675 00:40:14,520 --> 00:40:16,320 This is a homecoming for me. 676 00:40:18,880 --> 00:40:21,120 We'd like it to be one for Tender too. 677 00:40:29,360 --> 00:40:30,800 I don't have a question. 678 00:40:40,040 --> 00:40:41,400 I have an offer. 679 00:40:45,400 --> 00:40:47,960 We don't see it as discretionary. 680 00:40:53,280 --> 00:40:54,400 It's deterministic. 681 00:40:58,840 --> 00:41:01,080 We wanna be US dollar natives again. 682 00:41:01,960 --> 00:41:05,600 Our offer for Pierpoint is 1.9 times book. 683 00:41:06,560 --> 00:41:09,600 Peers trade closer to 1.3 times, so why the hell the premium? 684 00:41:13,360 --> 00:41:17,720 It is a display of faith in what we believe this union to be. 685 00:41:21,200 --> 00:41:23,480 A marriage of balance sheets, 686 00:41:24,760 --> 00:41:27,560 of regulatory infrastructure, trust. 687 00:41:29,520 --> 00:41:31,440 The offer is 90 percent stock. 688 00:41:31,520 --> 00:41:33,880 Your stock is too volatile. 689 00:41:34,720 --> 00:41:37,520 This man should not be heard. He isn't serious. 690 00:41:37,600 --> 00:41:39,440 Your company is falling apart. 691 00:41:39,960 --> 00:41:43,480 Fake news. Detractors have been at our door since jump 692 00:41:43,560 --> 00:41:46,640 from being too early, too fast, too big. 693 00:41:48,080 --> 00:41:51,920 Railroad to the internet, the history of industry in this country 694 00:41:52,000 --> 00:41:55,400 is pockmarked by a slew of disinformation 695 00:41:55,480 --> 00:41:57,040 from those who don't stand to benefit 696 00:41:57,120 --> 00:41:59,680 from radical thought or the displacement 697 00:41:59,760 --> 00:42:01,520 of worn-out structures. 698 00:42:01,600 --> 00:42:02,680 More bullshit. 699 00:42:05,200 --> 00:42:07,120 Mr. Halberstram's offer must be heard. 700 00:42:07,600 --> 00:42:08,960 Please, continue. 701 00:42:09,040 --> 00:42:10,480 Thank you. 702 00:42:11,680 --> 00:42:13,480 The offer's mostly stock for stock. 703 00:42:14,840 --> 00:42:18,240 By year one, we expect it to be earnings accretive. 704 00:42:18,320 --> 00:42:21,520 By year two, this thing's gonna be paying for itself 705 00:42:21,600 --> 00:42:24,680 through capital efficiency and operational overlap. 706 00:42:26,800 --> 00:42:29,560 I leave you with the words 707 00:42:29,640 --> 00:42:32,400 that every industrialist had sewn into their souls 708 00:42:32,480 --> 00:42:34,240 at every point in the last century. 709 00:42:37,480 --> 00:42:38,640 We want speed. 710 00:42:40,960 --> 00:42:42,200 We want scale. 711 00:42:44,000 --> 00:42:45,200 We want certainty. 712 00:42:49,160 --> 00:42:50,440 We want America. 713 00:43:07,440 --> 00:43:11,200 Well, Mr. Halberstram, we certainly appreciate your remarks, 714 00:43:11,280 --> 00:43:14,520 and our C-Suite will take them into consideration. Thank you. 715 00:43:22,120 --> 00:43:23,440 Alexander. 716 00:43:24,800 --> 00:43:27,280 Have you prepped Henry about the headline? 717 00:43:33,840 --> 00:43:34,880 No. 718 00:43:34,960 --> 00:43:36,920 Because we both know there's no hope of the company 719 00:43:37,000 --> 00:43:38,080 surviving this. 720 00:43:41,000 --> 00:43:42,000 No. 721 00:43:43,240 --> 00:43:44,840 Yasmin, we're not off stone yet. 722 00:43:44,920 --> 00:43:46,480 It's not too late for me to slip the page 723 00:43:46,560 --> 00:43:47,680 and change the splash. 724 00:43:49,800 --> 00:43:51,000 I can stop it running. 725 00:43:52,480 --> 00:43:53,920 I don't think that's wise. 726 00:43:57,320 --> 00:43:58,600 Henry won't survive it. 727 00:44:00,000 --> 00:44:01,440 This is more than just tough love. 728 00:44:04,400 --> 00:44:08,680 He's lived his entire life without any consequences. 729 00:44:09,880 --> 00:44:12,480 I mean, look where it's gotten him. 730 00:44:14,440 --> 00:44:15,760 But is this loving him? 731 00:44:16,240 --> 00:44:20,440 Yes, Alexander. Yes, it is. 732 00:44:22,200 --> 00:44:24,560 We've done everything we can for him. 733 00:44:25,680 --> 00:44:26,960 You did... 734 00:44:28,080 --> 00:44:29,680 more than anyone else could have. 735 00:44:30,680 --> 00:44:32,400 We did everything we can for him. 736 00:44:38,120 --> 00:44:41,320 I've gotta go. Okay? 737 00:44:44,400 --> 00:44:45,560 Fuck. 738 00:45:18,240 --> 00:45:19,400 Wakey, wakey. 739 00:45:23,120 --> 00:45:25,400 Rise and shine. We're almost home. 740 00:45:27,000 --> 00:45:28,000 Bad sleep. 741 00:45:30,520 --> 00:45:31,600 Bad dreams. 742 00:45:32,840 --> 00:45:33,840 What was the dream? 743 00:45:35,240 --> 00:45:37,640 It's often my... my father leaving. 744 00:45:41,000 --> 00:45:42,040 People leaving. 745 00:45:43,480 --> 00:45:46,880 Everyone we love has already started the process of going away. 746 00:45:54,520 --> 00:45:55,760 I didn't sleep much. 747 00:45:58,560 --> 00:46:00,560 I've been waiting for Wilhelmina to call. 748 00:46:03,400 --> 00:46:04,400 Tell me. 749 00:46:05,920 --> 00:46:08,880 That Al-Mi'raj exec who supported your speaking 750 00:46:08,960 --> 00:46:09,960 in the meeting. 751 00:46:11,280 --> 00:46:12,520 Why'd he break rank? 752 00:46:13,720 --> 00:46:16,120 Maybe he really believes in transparency, Henry. 753 00:46:18,880 --> 00:46:20,400 Maybe he used to date Hayley. 754 00:46:22,040 --> 00:46:23,080 Date? 755 00:46:25,520 --> 00:46:26,640 Sure. 756 00:46:31,320 --> 00:46:33,000 -Shit. -What? 757 00:46:33,720 --> 00:46:35,520 They pushed the Business Secretary out. 758 00:46:35,600 --> 00:46:36,720 Dearn's gone. 759 00:46:37,920 --> 00:46:39,600 Over-- Over-- Over what? 760 00:46:41,960 --> 00:46:45,200 Wait. Oh my God. 761 00:46:46,360 --> 00:46:48,800 Oh, God, I've got an email from Kevin Rawle 762 00:46:48,880 --> 00:46:51,400 giving me the opportunity 763 00:46:51,480 --> 00:46:55,280 to respond to claims made before publication. 764 00:46:55,360 --> 00:46:57,960 They're running a story about Dearn's involvement with us. 765 00:46:59,800 --> 00:47:00,800 It wasn't you? 766 00:47:01,520 --> 00:47:04,680 What the fuck are you on about? No, I need to... 767 00:47:04,760 --> 00:47:07,040 I need to, uh... I need to call Yasmin. 768 00:47:07,680 --> 00:47:11,240 Kevin's fucked it this time, the bigot cunt. 769 00:47:11,320 --> 00:47:13,200 Why don't I got a fucking signal? 770 00:47:13,280 --> 00:47:16,560 Henry, relax. The focus is Pierpoint. 771 00:47:17,720 --> 00:47:20,800 Pierpoint? What are you talking about? 772 00:47:21,320 --> 00:47:24,400 You can't construct a universe where nothing's real. 773 00:47:24,480 --> 00:47:26,200 Nobody can really live like that! 774 00:47:30,920 --> 00:47:33,320 Do you know why you can't regulate your emotions? 775 00:47:36,560 --> 00:47:38,080 'Cause you're a fucking child. 776 00:47:40,280 --> 00:47:41,360 Shut up. 777 00:47:43,080 --> 00:47:45,240 I need to... I just need to get hold of Yasmin. 778 00:47:45,320 --> 00:47:48,480 She can call my... call my uncle off. What the fuck... 779 00:47:48,560 --> 00:47:49,760 I thought you hated your mother, 780 00:47:49,840 --> 00:47:52,560 so why is your mouth still attached to her fucking tit? 781 00:47:56,280 --> 00:47:58,920 Oh for... Why doesn't this thing fucking work? 782 00:47:59,640 --> 00:48:00,720 Fuck. 783 00:48:04,280 --> 00:48:05,360 Fuck. 784 00:48:07,320 --> 00:48:10,680 Okay, okay, okay. 785 00:48:10,760 --> 00:48:13,640 Minister! Minister! 786 00:48:14,520 --> 00:48:15,560 Wow. 787 00:48:16,200 --> 00:48:18,440 These were delivered to your private office. 788 00:48:18,520 --> 00:48:20,320 Okay. Who? 789 00:48:40,960 --> 00:48:42,720 Oh, for fuck's sake... 790 00:48:44,040 --> 00:48:45,280 Who the fuck are you? 791 00:48:45,360 --> 00:48:47,080 I'm temping. I've been sat here the whole time. 792 00:48:47,160 --> 00:48:49,400 -Yeah, okay. Where's Whitney? -I don't know. 793 00:48:49,480 --> 00:48:51,160 You mean he hasn't been back here since we landed? 794 00:48:51,240 --> 00:48:52,400 He's been in and out. 795 00:48:52,480 --> 00:48:55,080 Okay, well. Okay. I go home. No Yasmin. 796 00:48:55,160 --> 00:48:58,000 -I come here... -She resigned this afternoon. 797 00:48:59,520 --> 00:49:00,600 Sorry, what? 798 00:49:00,680 --> 00:49:03,400 She gave notice of her resignation this afternoon. 799 00:49:06,640 --> 00:49:09,800 -The LGBTQI+ delegation are waiting... -Whitney, where the fuck are you? 800 00:49:09,880 --> 00:49:13,200 Henry, it's Wilhelmina Fassbinder from Al-Mi'raj Pierpoint. 801 00:49:13,280 --> 00:49:15,040 I owe you the call, not Whitney, 802 00:49:15,120 --> 00:49:17,320 given my reservations about his character. 803 00:49:17,400 --> 00:49:20,120 Uh, to be blunt, I allowed his little charade 804 00:49:20,200 --> 00:49:23,000 at our AGM to jack up our sale to Temasek. 805 00:49:24,840 --> 00:49:26,240 It had been in the works for some time, 806 00:49:26,320 --> 00:49:28,480 and his proclamations about our valuation 807 00:49:28,560 --> 00:49:30,760 gave me a little leverage for the final negotiation. 808 00:49:31,720 --> 00:49:33,600 Okay, yeah... 809 00:49:34,160 --> 00:49:36,360 Have you spoken to Whitney at all? 810 00:49:36,880 --> 00:49:38,760 I haven't. Although I... 811 00:49:39,480 --> 00:49:41,240 I hope you realize his yarn 812 00:49:41,320 --> 00:49:44,040 about buying multiple positions at Pierpoint was a bluff. 813 00:49:44,760 --> 00:49:46,880 I called his supposed intermediaries. 814 00:49:47,480 --> 00:49:50,040 There's no term sheets, no interbank confirmation, 815 00:49:50,120 --> 00:49:52,320 no capital. There's no record at all, nothing. 816 00:49:52,400 --> 00:49:55,560 Snake oil and sermons sound similar, don't they? 817 00:49:55,640 --> 00:49:58,800 We will all be monitoring the Tender fallout closely. 818 00:49:58,880 --> 00:50:00,960 If your equity continues to crater, 819 00:50:01,440 --> 00:50:03,640 we'll trigger the conversion on your bond. 820 00:50:05,640 --> 00:50:08,120 And we will be pursuing full recovery 821 00:50:08,200 --> 00:50:09,720 so that our institution doesn't suffer. 822 00:50:12,320 --> 00:50:13,400 Good luck. 823 00:51:04,720 --> 00:51:05,760 Hi. 824 00:51:05,840 --> 00:51:08,720 Jenni, I'm just checking how you're feeling 825 00:51:08,800 --> 00:51:10,800 after how everything landed for you today. 826 00:51:10,880 --> 00:51:13,120 Did you hear Dearn's resignation speech? 827 00:51:13,200 --> 00:51:14,320 No. 828 00:51:14,880 --> 00:51:18,040 I'm sure I'll get the highlights on Twitter or whatever. 829 00:51:18,120 --> 00:51:22,040 It's full of prevarications. Spares the PM. 830 00:51:22,120 --> 00:51:25,400 I mean, the sentences carry about as much weight 831 00:51:25,480 --> 00:51:27,040 as a Tender press release, if I'm honest. 832 00:51:27,120 --> 00:51:29,400 Listen, it's yesterday's news. 833 00:51:30,000 --> 00:51:32,480 Well, I mean, it's tomorrow's news, obviously. 834 00:51:34,000 --> 00:51:36,960 But good luck with your television appearance. 835 00:51:37,040 --> 00:51:39,640 It's a really great vote of confidence that the PM 836 00:51:39,720 --> 00:51:41,760 wants you to be the face to front this thing. 837 00:51:41,840 --> 00:51:42,840 And call me after. 838 00:51:42,920 --> 00:51:46,120 We can talk about how I can drive the rest of your communications. 839 00:51:47,320 --> 00:51:48,760 I'm sorry. What-- 840 00:51:48,840 --> 00:51:51,080 Why-- Why would I want or need that from you? 841 00:51:53,040 --> 00:51:54,640 How much did you know? 842 00:51:55,320 --> 00:51:57,040 What about-- about Tender? 843 00:51:57,120 --> 00:52:01,000 That leak to FinDigest that catalyzed the whole red-top story, was... 844 00:52:02,080 --> 00:52:03,640 was that you? 845 00:52:04,520 --> 00:52:06,000 Look, it doesn't help you to know. 846 00:52:06,080 --> 00:52:08,680 You have no fucking right. 847 00:52:08,760 --> 00:52:10,400 You know this is crashing down around... 848 00:52:10,480 --> 00:52:12,160 The right people will survive. 849 00:52:12,240 --> 00:52:14,440 I've only ever seen the sunniest version 850 00:52:14,520 --> 00:52:16,560 of your disposition, and I increasingly wonder 851 00:52:16,640 --> 00:52:19,520 if that's because I've only ever acted exactly how you designed. 852 00:52:19,600 --> 00:52:21,720 Look, I know that you're under a lot of stress, 853 00:52:21,800 --> 00:52:24,120 but can you not take this out on me? 854 00:52:24,200 --> 00:52:26,840 The real cancer in our politics are the pigshit, 855 00:52:26,920 --> 00:52:29,160 thick lightweights without a single real belief. 856 00:52:29,240 --> 00:52:31,720 Except for their own self-advancement. 857 00:52:31,800 --> 00:52:33,680 You knew what taking that meeting meant. 858 00:52:33,760 --> 00:52:35,320 You got exactly what you wanted, 859 00:52:35,400 --> 00:52:37,360 and I have been a genuine friend to you. 860 00:52:37,440 --> 00:52:39,120 What fucking friendship? 861 00:52:39,640 --> 00:52:41,480 This has been a marriage of convenience, 862 00:52:41,560 --> 00:52:43,280 but I suppose you're used to those. 863 00:52:45,880 --> 00:52:47,080 You know nothing about my marriage. 864 00:52:47,640 --> 00:52:49,400 I know that your husband is an addict, 865 00:52:49,480 --> 00:52:51,840 and I know that you deserted him to his ruin. 866 00:52:51,920 --> 00:52:54,240 You abandoned him when he needed you the most, 867 00:52:54,320 --> 00:52:56,880 so you take that for a fucking dance around your conscience. 868 00:52:56,960 --> 00:52:58,360 Oh, fuck you! 869 00:53:03,680 --> 00:53:07,000 How fucking dare you, you stupid fucking bitch! 870 00:53:20,280 --> 00:53:24,200 Yes, yeah, thank you so much for letting me know. Speak soon. 871 00:53:27,240 --> 00:53:28,760 That was Burgess. 872 00:53:29,680 --> 00:53:31,480 Big story in the tabloids tomorrow, front page. 873 00:53:32,600 --> 00:53:33,640 The Serious Fraud Office 874 00:53:33,720 --> 00:53:35,880 are announcing their investigation in the afternoon. 875 00:53:35,960 --> 00:53:39,280 Yeah. The government's just mandated a Section 166 876 00:53:39,360 --> 00:53:41,960 "skilled person" review into Tender's compliances 877 00:53:42,040 --> 00:53:45,840 and risk controls. The FCA are instructing PWC. 878 00:53:45,920 --> 00:53:48,960 Stock's indicating to open down 77 percent. 879 00:53:52,120 --> 00:53:53,800 No one wants to catch the knife. 880 00:53:55,400 --> 00:53:58,000 Tomorrow morning, we hit the tape small. 881 00:53:58,080 --> 00:54:01,080 Don't show our hand and exit as efficiently as we can. 882 00:54:03,320 --> 00:54:05,240 Show me dollars. 883 00:54:09,760 --> 00:54:12,920 Good. Yeah, we're all speaking the same fucking language. 884 00:54:14,040 --> 00:54:15,080 Hey, what's up? 885 00:54:22,640 --> 00:54:24,040 You must be levitating. 886 00:54:26,240 --> 00:54:27,280 Yeah. 887 00:54:28,040 --> 00:54:29,400 Ironic I'm here with you. 888 00:54:32,320 --> 00:54:34,680 Yeah, you used to make me feel very alone. 889 00:54:37,280 --> 00:54:40,280 Now you're the only person in the world I don't feel alone around. 890 00:54:44,240 --> 00:54:47,000 I didn't want any of this to come at your expense. 891 00:54:48,560 --> 00:54:50,000 It's kind of everything you've ever wanted, 892 00:54:50,080 --> 00:54:52,480 really, isn't it? Me like this and you like that. 893 00:54:56,200 --> 00:54:57,360 It's true, it is. 894 00:54:59,960 --> 00:55:01,680 -It is! -Yeah. 895 00:55:02,280 --> 00:55:04,120 Thanks for your honesty. 896 00:55:07,800 --> 00:55:10,280 I mean, seriously, how the fuck did we get here? 897 00:55:11,480 --> 00:55:12,760 Fuck if I know. 898 00:55:14,000 --> 00:55:15,600 What drives anyone anywhere? 899 00:55:16,720 --> 00:55:18,920 Lack and need. 900 00:55:26,280 --> 00:55:27,880 I'm so jealous of you. 901 00:55:30,080 --> 00:55:32,960 I am. You're so smart, you know? 902 00:55:33,920 --> 00:55:37,240 And the way that you wear it. You have this command, you know? 903 00:55:38,520 --> 00:55:41,920 This autonomy. I'm so fucking soft. 904 00:55:45,640 --> 00:55:48,760 I don't really know how to say this without... 905 00:55:53,400 --> 00:55:57,640 I would do anything to live a day in your body and... 906 00:55:59,240 --> 00:56:03,360 and just, like, see how the world opened up around me. 907 00:56:08,640 --> 00:56:11,520 I really resented you for being a breathing example 908 00:56:11,600 --> 00:56:13,200 of how I was less. 909 00:56:19,080 --> 00:56:21,000 I choose to love you 910 00:56:22,120 --> 00:56:25,520 for being a breathing example of how I can be more. 911 00:56:28,440 --> 00:56:30,120 I just want to be necessary. 912 00:56:33,160 --> 00:56:34,840 I've never been necessary. 913 00:56:34,920 --> 00:56:36,840 Like, where does that come from? 914 00:56:36,920 --> 00:56:42,920 Like, the need for control or desire to dominate? 915 00:56:43,840 --> 00:56:46,960 Is it so you can say... 916 00:56:48,600 --> 00:56:51,080 I don't know, you were never at anyone's mercy? 917 00:56:54,640 --> 00:56:55,640 I don't know. 918 00:56:59,680 --> 00:57:00,840 I don't know. 919 00:57:03,800 --> 00:57:05,000 I guess... 920 00:57:06,640 --> 00:57:09,040 I guess I kind of grew up at someone's mercy. 921 00:57:26,920 --> 00:57:28,080 I'm sorry. 922 00:57:37,400 --> 00:57:38,520 Do you want to go out? 923 00:57:41,800 --> 00:57:42,880 I mean, like, 924 00:57:43,440 --> 00:57:45,920 just blow things away a bit, you know? 925 00:57:48,320 --> 00:57:50,320 Do all the things that Lorde sings about? 926 00:57:51,120 --> 00:57:53,360 -Lorde sings about being 17. -Exactly. 927 00:57:55,280 --> 00:57:57,840 -God, I wish I was still 17. -Girl. 928 00:58:00,000 --> 00:58:02,960 It was so easy to get people to do things for you. 929 00:58:09,600 --> 00:58:11,520 Will you promise me something? 930 00:58:14,160 --> 00:58:15,800 Will you look after me tonight? 931 00:58:16,800 --> 00:58:18,960 When the fuck are you gonna look after me? 932 00:58:21,560 --> 00:58:22,640 Tonight. 933 00:59:30,960 --> 00:59:33,360 You have no idea how good I feel right now. 934 00:59:36,800 --> 00:59:39,240 We're here forever, even if we can't be.