My mind races at night...
looking for a way out of the darkness.
I think of all the paths I could have taken,
the signals I could have seen, but didn't.
The roads before me are infinite.
But no matter which I choose...
it leads to the same place.
Good morning.
You do know that a kitchenis for cooking, right?
Um, yeah, I read that somewhere.
Where is the coffee?
Over here.
Um, if I were you,I wouldn't risk it, but...
-It's okay. -Okay.
You were rightabout Dominic.
He had one of his lawyersget Carrie out of prison.
How do you know?
He admitted it.
He said he wastrying to protect me.
And you believe him?
Do you think he murdered Edward?
You need to watch your back.
They could be following you.
They might have followed you here.
-They didn't. -Are you sure about that?
So, what are you going to do?
The papers with Ed's notes.I need them.
-The police impounded them. -I know.
But it's the only way I willfind out why he was killed.
I have to go.
Yeah, okay.
At 1:00 a.m. this morning,
the city of London Police were contacted by UBS.
Kweku Adoboli was arrested earlier this morning.
The last thing the city needed
was allegations of a rogue trader.
He'd rather stay at his old school, that's all.
Tyrone's old school is crap and dangerous.
Yeah, well, his new one is bloody expensive.
Well, there's no pointin having moneyif we don't spend it, Toy.
Yeah, well, you've been spending a lot of it lately.
What's more importantthan taking care
of my little brother?
I love you, Oliver Harris.
Yeah?
I'm rather fond of you, too,still.
One second.
I just got to top offmy stub.
-You all right? -Yeah.
Let's go.
There's something... something wrong with this.
Would you please come with me?
Is there some kind of a problem?
Just come with me.
So what's this about?Just wait herewith the others.
You guys see the newsthis morning?
Some guy at UBS got busted for hiding risky trades.
Yes, we saw.
We did the same damn thing.
Just relax.We'll find out sooner or later.
Yeah, right, relax. The mostthey'll do is send you packing.
I'm the one who placedthat Raspberry.
They could arrest me.I'd be on the news.
You're not important enough to make the news.
It's Massimo they'd hang in public,
and the rest of us will swing behind him.
Anyone care to guess why we're here?
Because we messedwith the VaR?
I knew you were bright, Oliver.
How the hell did they find out?
It was a trap. And you fell for it.
Who set the trap?
You four,come with me.
What the hell are you doing here?
Chris will be stepping up to serve as my new deputy CEO.
Congratulations.
Thank you, Eleanor.
Paul McGinnan will be our new head of trading.
Massimo's head of trading.
Paul doesn't even work at this bank.
Paul's been reinstated.Massimo was the head of trading.
Effectively immediately, he will be back on the floor.
-Any questions? -Yeah, um, what the fuck?
What Kalim means is...
Paul is a good trader,
but he's nowhere near as good as Massimo.
-Nobody bloody is-- -I think you heard Mr. Morgan.
So we're not being sacked?
Not at the moment, but the day is young, Mr. Harris.
Will you leave us?
Why not just sack me?
So you can cash in somewhere else?
-You think I won't just quit? -If you do,
I will prosecute.
-I've done nothing. -Your team has.
-Why are you doing this? -Why am I doing this?
You leave me no choice.
You pulled one stuntafter another.
Did you really expect me to turn a blind eye?
-I'm too old for this shit.-You're gonna go out there,you're gonna make me some money.
In time, you'll get your job back.
-Nick. Hi, Sofia.
Crimes like this could happen again,
as these bankers are under pressure
to make profits no matter what...
How bad is the situation on the European market?
Are we perhaps seeing the beginning of a new crisis?
-Hi, Sof. -Hey.
The future for the next generation.
That UBS storyis all over the place.
You've been a busy bee.
So have you, it seems.
Turn that off.
One has to admire your dedication to your work.
-Shut up, okay? -Don't keep your fucking computer on
when you're doing something like that.
You of all people ought to know that.
So, what now?
Well, it seems our Italian friend
finally trusts you.
I think he does.
Then I'd say it's time to reel him in.
Yes, but I think we need togive him what he needs first.
I... I hope you know I didn't want to take your place.
It was the only way I could get my job back,
and I needed a job after you fired me.
Well, good luck, Paul.
Look, I know I'm nothalf the trader you are.
Everyone knows that.
We should say something.
Leave him be.He needs some time.
Oliver!
What?
I just, uh...
I'm scared shitless they're going to turn me in.
You should have thought of that before.
Yeah, I know.
I just been under a lot of pressure
with my little brother changing schools.
I don't give a fuckabout your brother.
I'll just-- I'll just get back to work.
Yeah, you do that.
Which is one of the charges
that turned Duval into a fugitive, right?
Insider trading.
The charge of revealing state secrets is far more serious,
which is why the U.S., the U.K.,
Germany and Switzerland
have all issued warrants for his arrest.
My favorite Italian.
You all right, Massimo?
Fine. I have another job for you.
You know me, I like to be kept busy.
I want you to tell me everything you can
about a Subterranea activist called Sofia Flores.
Sofia Flores.
All right. I'm on it.
Well, you don't look happy to see me.
I wasn't expecting you, that's all.
I'll be quick then.
Did Dominic send you?
I heard about what happened, and I'm sorry.
But, no, I wanted to see you.
Why?
Because this war between you needs to end
before you do something you'll regret.
You're being manipulated,
just like Dominicmanipulates everyone.
I know you think he made Carrie leave you.
But it was me who told her to.
I did it for you.
I don't want to hear this.
And do you know why your wife listened to me?
-Because she loved you. -I-I...
She left you because she knew it was better for you
to remain with Dominic.
What the fuck are you talking about?
And why the fuck are you telling me this now?
So you can move forward.
Just like I had to.
Your wife is dead.
My son is dead.
But we must go on.
-Together. -You'd better go.
Go.
My boss could get you Ed Stuart's files.
What does he wantin return?
You'd become his eyes and ears inside NYL.
So you think I'm now willing to spy for an anarchist group?
Dominic demoted you this morning.
Word travels fast.
He must know you're a risk to him.
He could have sacked you.
You need those files.
It's a deal.
-I'll tell him. -On one condition.
I need to meet him face-to-face.
What for?
I'm going to trust this man with my life.
So I just want to know who I'm dealing with.
You're asking a lot.
So is he.
Quiet!
Back to the queue, please.
Listen up and do what I tell you,
or your file will never be opened.
First, you need to take a numberfor the queue.
The machine is over there.
Second, when your number is called,
go to the agent and explain your case.
-Is that clear? Yes.
I should have thought your visawas in order, Mr. Ruggero.
I need to speak to you.
I've been demoted and reassignedbecause of you.
I didn't mean for that to happen.
I'm sorry.
Just say what you want to sayand get out.
You were right.
Ed Stuart didn't kill himself.
Thank you, but I knew that already.
But it wasn't me,
and I need your help to find out who.
Do I look like someonewho can help?
The papers with Ed's notes. I need to see them.
Ed Stuart's handwriting? Massimo Ruggero.
Massimo Ruggero.
You got a ball, I give you that.
Get the papers and I'll give yousomething in exchange.
Or rather, someone.
Not interested.
Daniel Duval.
Nab him, and you've got your job back.
Maybe even a promotion.
How do you have access to Daniel Duval?
I'm sleeping with his associate.
So now you stab her in the back.
Daniel Duval in exchange for that file.
Good morning.
I spoke to Duval.
He'll meet you.
I'm to call you tonight with a time and place.
Works for me.
I guess we're officially on the same side now.
I guess we are.
He messed with the wrong people
and got himself into some serious shit.
With all economic factors indicating
the U.S. is heading for a prolonged recession...
-Where've you been all morning?-Paul's got me in the Freezer.
-Freezer? -Yeah, High Frequency Trading room.
These new servers are so powerful
they have to keep themat two degrees.
He gave me Southern Europe.
Stagnant and depressed.
He hasn't given me anything. You think that's a bad sign?
Undoubtedly. You're screwed.
-Bad-- Mr. Harris.
You're wanted in Mr. Morgan'soffice, immediately.
Mr-Mr. Morgan? What for?
Mr. Morgan does notlike to wait.
Come on, then.
Yeah, well, in theory a single currency favors investment,
lower interest rate, better competition.
Like the dollar does for the United States.
The euro is not the dollar.Eurozone has neither
fiscal nor political unity.
California has the seventh largest economy in the world.
If it went bankrupt,
U.S. government would come in, bail it out.
Spain, Italy, Portugal, Greece, Ireland,
all have smaller economies than California, but they're in the shitter.
Who's going to come in and bail them out?
But the euro is popular.
People think that it levels the playing field with the Americans.
The euro and European unity are dogma.
It can be challenged. Perception can be changed.
The question is, how?
Well? Do you realize the combined salaries
of everybody in this room?
I'm just looking for one goddamnanswer to explain to people
why these countries are worthless pieces of crap.
Mr. Harris?
Now is your chance to explain
why Massimo thinks you're such a hotshot.
Please.
Hi.
-Yeah, go ahead.
-PIGS. What?
Portugal...
Ireland...
Greece...
Spain.
PIGS.
All these countrieswith disgusting amounts of debt,
with sloppy public accounts.
PIGS.
Well, I mean, for a start, you've left out Italy.
PIIGS with a double "I."
I don't get it. -Sorry, calling them PIIGS
doesn't make them pigs.
In the court of public opinion,it just might.
Oliver, you are a bitof a hotshot, aren't you?
Okay, can you get Paul an internal report on PIIGS
by the end of the day, will you?
-Yeah, sure. Good. Let's go.
Let's get back to work, please.
All right.
Very good.
Hey.
How soon can you meet?
My place, half an hour.
I'll see you then.
Here you go, boys.
Hey, Sam.
Vic! What are youdoing here?
Oh, I just got a little tired of shouting at people.
-Yeah. -Thought I'd come back here
and say hi to some friendly faces.
Yeah, well, it's always good to see your pretty face,
but I am finishing my shift.
Oh, give me a moment before you go, will you, Sam?
What's up?
I just need a quick peek at the evidence
in the Stuart case.
I'm sorry. You know the rules.
And you're not working that case anymore.
It's just a piece of paper I forgot to photocopy
before I left.
Copying evidence?
That's a little bit irregular.
I guess you've forgotten
about that little irregularity of yours
I overlooked last year.
Just a few grams were missing. It was just that once.
I'm clean now, Vic.
I swear.
I'm going straight.
If I'd cited the rules back then, Sam,
you'd have lost your job.
Seems your littleMiss Flores
has been monitored by our friends at Interpol.
Mainly due to involvement with Subterranea.
And? Got a drink?
[Massimo]Oh, yes. A shot of whiskey?
Better make it two.
You're going to need one as wellwhen you hear this bird's story.
It's a thick file.
Where do you want me to begin?
How about the beginning?
Fair enough.
Both her parents were killed ina car accident in Buenos Aires
when she was seven years old.
After that, she was cared for by her brother Ramiro.
He had a small leather factory.
Cheers.
Until 2001.
Ramiro went bankrupt.
-No.
Leaving Sofia to a lifeon the street.
Fuck.
Told you it was a sob story.
How did she get by?
Same way a lot of girls do when they're desperate.
That's how she met Daniel Duval.
Duval was an economistat the time,
in Buenos Airesfor a conference.
His marriage had just fallen apart,
and he'd lost his tenure at an Ivy League college.
How old was she?
Sixteen, maybe 17.
He took her to bed?
No idea.
Only Duval started Subterranea,
whilst paying for Sofia to go to university,
where she graduated with top marks.
Since then, they traveled the world,
targeting bankers and hedge fund managers.
They've got their sightson you now.
Possibly.
-Can I take these with me? -Sure.
Okay.
Come in.
Here's the report Mr. Morgan asked for on the...
on the PIIGS.
Did you make itlook good and sloppy?
Very sloppy, sir. Very dirty.
Right, come on,let's get a drink.
What, now? It's only 5:00.
Should have just about enough time.
Time for what?
I've told my clients you're shorting the Spanish banks.
-And? -They're holding firm.
We'll see.Once the banks start falling,
your smarter clientswill jump in,
and then the otherswill too.
-So we keep shorting? -Yes. Where's Kalim?
In the Freezer.
Get him up here for meas soon as you can, please.
-All right. -Thank you.
He messed with the wrong people
and got himself into some serious shit.
With all economic factors indicating
the U.S. is heading for a prolonged recession,
some experts are suggesting the government should stop...
-Massimo. -Hey.
Thank God you called. I was turning into an ice cube.
It's freezing in there.
I need you to pullsome old files.
I'm not surethey were ever digitized.
All right. Which ones?
On the Banco de Rosa failure,in Argentina, in 2001.
Oh, yeah, I remember that like the back of my hand.
Oh, you do?
Small bank, five billion dollars in assets.
One of three that came down like dominos
on March the 7th, 2001.
Pretty sure it was a Wednesday.
How do you remember it so clearly?
-You really don't remember, do you? -What?
We bought all the non-performingassets of Banco de Rosa.
It was your idea.
We bought all the non-performing assets
of the Mercosur block banks
and made a killing-- a killing doing it, too.
We strangled the borrowers.
Shit happens, man, but it was beautiful.
We made $500 million.
Rivers of champagne flowing at Turnmills.
All the trading floor came out dancing.
And you got that bonus from Dominic.
That brand-new Porsche, remember that one?
Yes.
Well, I don't know about you two,
but I could use a drink.
I certainly could.
Massimo, what do you say?
I think we owe you one.
I've got some workto do here.
Let's go.
-Yeah. -Come on.
All right.
Emma. She who must be obeyed.
Back together now. How long, I have no fucking idea.
Have you got a partner?
Yeah, you know, I've got a girl.
Latoyah.
Latoyah is a lovely name.
Be nice to her, yeah? Don't bullshit.
You know you were lucky with this today.
You're far from home free, okay?
Yeah, sure.I'm not under any illusions.
Right, I'm going to go drain the lizard.
See you in a bit.
Don't hang about with this guy.You're gonna geta criminal record.
Mr. Potato Head.
Hey.
Brown-nosing the new boss, are we?
If it weren't for Massimo,
you'd still be taking other people's exams at uni.
If it weren't for you two,
Massimo would still have a job.
-Well, if it weren't for-- -Just ignore him.
Detective?
We have a time and a place.
You remember my former partner, DS Winks?
Mr. Ruggero.
You have the file?
You'll get it when we have Duval.
We appreciate yourpublic service, Mr. Ruggero.
Helping to bringtwo fugitives to justice.
Two?
Yes, if your girlfriend was helping him to hide,
she's an accessory.
They'll both be behind bars for a very long time.
Feels good, doesn't it?
Being on the right side of the law, for once.
You really get himthat case file he asked for?
I got it.
How?
Don't ask.
If he gets us Duval,you really gonna give it to him?
We'll see.
[Winks]And if he doesn't get us Duval?
We're already in the shit.
If he doesn't, we just stay in the shit.
The address has changed. Bankside Pier.
-What the fuck is he doing? -Speeding! Go!
Come on, get out of the fucking way.
Don't lose him, Henry.
Come on, come on, come on!
He's there. He's there.He's there.
It's gonna be hard to keep up in this car.
Come on, come on, come on.He's waiting for us onboard.
-What? -You gotta get out of here.
What?
-What are you talking about? -The police are coming.
They were going to give me the CDO in exchange for Duval.
I'm so sorry. Now you have to go, I'm sorry.
-Now go. -Don't you fucking touch me.
What are you doing?
And where's Duval?
He didn't show up.
What do you mean he didn't show up?
I'm sorry.
But I need those documents,really.
Well, maybe you should have keptyour part of the bargain.
Come on, Henry. Back to the shit.
Fuck.
You really need toinvest in a better alarm system.
I could callthe police.
But you already did that this morning
when you paid a visit to Detective Bale
at the Immigration Center.
You weren't even on that boat, right?
You know,we're a lot alike, you and I.
-We're nothing alike.-Oh, I used to be an economist,
consultant to multinational corporations.
Oh, really?
Yeah, our thing was that
we'd identify some underdeveloped country
that had something of value, like gold or rubber, even.
Then I would persuade that country
to take up huge development loans through the World Bank.
Only, the money never reached the country itself.
Instead it went to contractors.
So basically,we took their money
and they were leftwith massive debts.
And after that, I mean...
taking their resources was liketaking candy from children.
I was a...
a hit man.
An economic hit man.
I killed people...
without ever touching a gun.
-I don't kill people. -Oh, but you do...
Massimo.
You do.
People like Sofia's brother.
You see, you're nothing but a pawn in a rigged game
where the poor get poorer and the rich get superrich.
But this bubble is going to explode sooner than you think.
And when it does,
you'll want to beon the right side.
How many men have you had Sofiafuck for the cause?
How many men?What do you mean, how many men?
As far as I know, I mean,
she slept with youbecause she wanted to.
But maybe that's just too humanfor you to understand.
You know howto get in touch.
In the largest
unauthorized trading loss in British history,
and another scoop for Subterranea,
the controversial underground group
founded by Daniel Duval.
According to the group's founder,
Subterranea's goal is to bring to light
unethical actions by governments,
banks and corporations.
It's a confidential report,
an internal study from NYL,
one of the city's largest banks.
So what are the so-called PIIGS, "pigs"?
Largely, they're the countries of southern Europe.
Portugal, Ireland, Greece, Spain, plus Italy.
Insiders in the financial sector
consider them pigs to the slaughter.
-That's my report. Why are they thought of
-as "pigs to the slaughter"? -Shit.
Because these countries have bad fundamentals
and they're sucking the economies
of Northern Europe dry.
You should be watching the news,Margaret.
Oh? Something good, I hope.
Someone leaked our confidentialreport to the press.
Everybody's talking about the PIIGS.
Well done.
But I have some news of my own,
and it's not so good.
-Tell me. -Standard & Poor's
is going to downgrade U.S. debt.
They're taking away Treasury's triple-A.
They wouldn't dare.
We have to move forward sooner than we planned,
and this administration will not help us.
Our friend at Rheinthaler Bank is not going to be happy.
We've wasted enough time coddling that crybaby.
I'll take care of it.
Thank you, Dom. I knew you would.
-♪ Money
♪ Money
I didn't thinkI'd see you again.
Why didn't you do it?
Why didn't you just...
Why didn't you just go through with it?
Because I think...
I still need you to work for me.
Well, I just did.
I took care of your mess.
-This is Edward Stuart's? -Mm-hmm.
How did you get it?
I broke into Detective Bale's flat.
She'll know it's missing.
Shit happens.
Yes.
Let's work on this.
They foster the idea
the crisis was the bad PIIGS.
You know the PIIGS, who the PIIGS are?
...PIIGS.
The notion of Eurobonds
has support from the so-called PIIGS countries.
They are comprised of Portugal, Italy, Greece and Spain.
...PIIGS.
Portugal, Ireland, Italy,
Greece, Spain, we are all PIIGS.