1 00:00:11,200 --> 00:00:14,800 "Better the devil you know," they say. 2 00:00:17,200 --> 00:00:20,800 But when the devil knows you... 3 00:00:20,840 --> 00:00:24,640 the blackness threatens to envelop you. 4 00:00:24,680 --> 00:00:27,680 To swallow you whole. 5 00:00:27,720 --> 00:00:33,160 No matter where you turn... there is only more blackness. 6 00:00:34,240 --> 00:00:36,200 You cannot run from the devil, 7 00:00:36,240 --> 00:00:39,160 any more than you can run from yourself. 8 00:00:44,840 --> 00:00:46,320 Who-who's there? 9 00:00:48,040 --> 00:00:49,880 Where's Mom? There she is! 10 00:00:49,920 --> 00:00:52,520 -Hey, you! -Hey, it's so sweet of you to come all this way. 11 00:00:52,560 --> 00:00:55,960 -We wouldn't miss it. It's our pleasure. 12 00:00:56,000 --> 00:00:58,040 -Mr. and Mrs. Morgan! -How are you? 13 00:00:58,080 --> 00:00:59,800 -Happy birthday! -Happy birthday. 14 00:01:01,240 --> 00:01:03,120 Here, happy birthday. 15 00:01:03,160 --> 00:01:04,960 -I hope you like it. 16 00:01:05,000 --> 00:01:07,360 Oh, my God! Oh, my gosh, Look at that! 17 00:01:07,400 --> 00:01:10,160 -New York Yankees. 18 00:01:10,200 --> 00:01:11,960 -Where's Hans? Look what I got! 19 00:01:12,000 --> 00:01:15,200 Well, something's bothering him.He didn't sleep all night. 20 00:01:15,240 --> 00:01:17,280 Now he's with Karl down by the lake. 21 00:01:17,320 --> 00:01:19,960 -Honey, would you talk with him? -Yes. 22 00:01:20,000 --> 00:01:21,600 Excuse me. 23 00:01:23,720 --> 00:01:26,240 It's so nice. -Nice to see you, too. 24 00:01:35,040 --> 00:01:37,000 Hans... 25 00:01:37,040 --> 00:01:38,400 Coming to the party? 26 00:01:38,440 --> 00:01:41,240 Mr. Becker needs some time alone. 27 00:01:41,280 --> 00:01:44,080 If my book was underwater, I'd need time alone, too. 28 00:01:44,120 --> 00:01:46,760 I know you sunk billions into high-yield bonds, 29 00:01:46,800 --> 00:01:50,120 and now you're sitting on a pile of toxic assets. 30 00:01:54,160 --> 00:01:56,440 The bank is ruined. 31 00:01:56,480 --> 00:01:58,800 I'm going to lose everything. 32 00:01:58,840 --> 00:02:02,480 There could still be a turnaround if land values rebounded. 33 00:02:03,600 --> 00:02:05,200 That's not gonna happen. 34 00:02:05,240 --> 00:02:07,760 You're screwed. 35 00:02:07,800 --> 00:02:10,560 At least you would be, if it weren't for NYL. 36 00:02:12,440 --> 00:02:15,080 I'm prepared to offer you a lifeline. 37 00:02:15,120 --> 00:02:16,880 What sort of lifeline? 38 00:02:16,920 --> 00:02:19,120 Liquidity, so you can get through this storm. 39 00:02:19,160 --> 00:02:21,960 Out of the goodnessof your heart? 40 00:02:22,000 --> 00:02:23,960 That's a fair question. 41 00:02:24,000 --> 00:02:25,280 All I ask in return 42 00:02:25,320 --> 00:02:28,280 is that you continue being friends. 43 00:02:29,280 --> 00:02:31,160 As you always have been. 44 00:02:33,920 --> 00:02:35,360 Come on. 45 00:02:35,400 --> 00:02:37,520 Let's go back to the party. 46 00:03:08,000 --> 00:03:09,480 In today's reality check, 47 00:03:09,520 --> 00:03:12,360 why are the PIIGS of Europecausing such a stink? 48 00:03:12,400 --> 00:03:15,280 Their financial situation makes us 49 00:03:15,320 --> 00:03:17,440 -look like Goldman Sachs. 50 00:04:14,720 --> 00:04:16,520 I don't kill people. 51 00:04:16,560 --> 00:04:19,160 Oh, but you do, Massimo. 52 00:04:19,200 --> 00:04:20,600 You do. 53 00:04:21,480 --> 00:04:24,000 People like Sofia's brother. 54 00:04:32,480 --> 00:04:33,800 Hi. 55 00:04:37,160 --> 00:04:39,200 So, what-what did I miss? 56 00:04:39,240 --> 00:04:41,480 I've been through Ed's documents. 57 00:04:41,520 --> 00:04:43,440 Did you find anything? 58 00:04:43,480 --> 00:04:45,240 Have a look yourself. 59 00:04:45,280 --> 00:04:48,720 There's got to be millions of dollars hidden in there. 60 00:04:48,760 --> 00:04:50,960 Not millions, billions. 61 00:04:51,000 --> 00:04:54,360 This fund is worth 52 billion euros. 62 00:04:54,400 --> 00:04:56,800 That's motive enough to kill someone. 63 00:04:56,840 --> 00:05:00,640 It could be, but this is just a standard synthetic CDO. 64 00:05:00,680 --> 00:05:03,360 It's an obligation with debt as collateral. 65 00:05:03,400 --> 00:05:05,720 It-it's complicated, um... 66 00:05:05,760 --> 00:05:08,160 I know perfectly well what's a CDO, 67 00:05:08,200 --> 00:05:09,840 and I also know perfectly well 68 00:05:09,880 --> 00:05:12,080 that you use it to sell your shit. 69 00:05:12,120 --> 00:05:13,720 Oh, yes? 70 00:05:13,760 --> 00:05:15,560 Yes. 71 00:05:15,600 --> 00:05:16,800 Come on. 72 00:05:19,560 --> 00:05:20,960 Okay. 73 00:05:21,000 --> 00:05:23,360 So, it's like, mm... 74 00:05:24,800 --> 00:05:26,520 It's a little like... 75 00:05:26,560 --> 00:05:28,480 when you havesomething that's going off, 76 00:05:28,520 --> 00:05:30,400 -like flour or eggs... -Mm-hmm. 77 00:05:30,440 --> 00:05:31,680 but you don't want to pitch it out, 78 00:05:31,720 --> 00:05:33,040 so what do you do? 79 00:05:34,120 --> 00:05:35,840 You make a cake. 80 00:05:35,880 --> 00:05:37,680 You lump it all together. 81 00:05:37,720 --> 00:05:39,560 But you're not stupid. 82 00:05:39,600 --> 00:05:43,680 So you top it off with some nicefrosting and pretty decorations, 83 00:05:43,720 --> 00:05:47,960 Triple A securities, that makes it all seem just... 84 00:05:48,000 --> 00:05:52,080 Great, yummy! Right? 85 00:05:52,120 --> 00:05:55,360 The catch is when it comes to cut the cake, 86 00:05:55,400 --> 00:05:59,080 and you find toxic stuff inside. 87 00:06:00,840 --> 00:06:02,440 Like in 2008. 88 00:06:03,920 --> 00:06:06,880 Subprime mortgages. 89 00:06:06,920 --> 00:06:08,560 Very good. 90 00:06:08,600 --> 00:06:09,960 Very nice. 91 00:06:10,000 --> 00:06:13,760 However, this particular cake isn't toxic. 92 00:06:13,800 --> 00:06:15,760 Look at the yield. 93 00:06:15,800 --> 00:06:18,640 Never a late payment or default. 94 00:06:18,680 --> 00:06:24,680 Rheinthaler Bank are paying us $250 million a month. 95 00:06:24,720 --> 00:06:27,480 If Ed Stuart was behind this deal... 96 00:06:27,520 --> 00:06:29,640 he should have been proud of it. 97 00:06:29,680 --> 00:06:31,160 So why did he hide it? 98 00:06:31,200 --> 00:06:33,400 I don't know. 99 00:06:33,880 --> 00:06:35,520 But Dominic must. 100 00:06:39,400 --> 00:06:41,200 You were right.It's a synthetic CDO, 101 00:06:41,240 --> 00:06:42,640 Fifty-two billion dollars worth. 102 00:06:42,680 --> 00:06:44,800 -Through Rheinthaler Bank? -Looks like it. 103 00:06:44,840 --> 00:06:46,240 Ned, please. 104 00:06:47,640 --> 00:06:50,080 And, uh... Massimo? 105 00:06:50,120 --> 00:06:52,040 Does he still... 106 00:06:53,600 --> 00:06:57,120 -trust you? -Yeah. I think he does. 107 00:07:03,240 --> 00:07:06,200 ...the debt crisis that began in Europe's smallest economies 108 00:07:06,240 --> 00:07:08,160 is now threatening the biggest. 109 00:07:08,200 --> 00:07:11,440 All of Europe's largest economies is at the mercy of the markets 110 00:07:11,480 --> 00:07:13,600 and the subject of bailouts... 111 00:07:36,320 --> 00:07:37,520 Jeremy, can I offer you a drink? 112 00:07:37,560 --> 00:07:40,520 Shut the door, please. 113 00:07:40,560 --> 00:07:44,000 You heard aboutStandard & Poor'sdowngrading Treasury. 114 00:07:44,040 --> 00:07:45,720 Margaret Cunningham called me yesterday. 115 00:07:45,760 --> 00:07:48,840 Well, what the fuck are you gonna do about it, Dominic? 116 00:07:48,880 --> 00:07:50,720 This was your plan. 117 00:07:53,040 --> 00:07:54,280 Yes, I'm gonna proceed, 118 00:07:54,320 --> 00:07:56,200 just as you and the Board agreed. 119 00:07:58,400 --> 00:07:59,760 So... 120 00:07:59,800 --> 00:08:02,440 everything is going fine, 121 00:08:02,480 --> 00:08:04,240 according to you? 122 00:08:04,280 --> 00:08:06,080 I gather you're concerned about my strategy. 123 00:08:06,120 --> 00:08:08,000 I think that name-calling in the press 124 00:08:08,040 --> 00:08:10,000 might be amusing to some people, 125 00:08:10,040 --> 00:08:12,120 but I would hardly call it... 126 00:08:12,160 --> 00:08:13,520 a strategy. 127 00:08:13,560 --> 00:08:16,720 What can I do to alleviate your anxiety? 128 00:08:16,760 --> 00:08:19,480 Well, why don't you startby telling me about Hans Becker? 129 00:08:19,520 --> 00:08:20,560 He's on board. 130 00:08:20,600 --> 00:08:22,000 That's not what I hear. 131 00:08:22,040 --> 00:08:23,240 We have an agreement 132 00:08:23,280 --> 00:08:24,720 and he will honor itwhen the time comes. 133 00:08:24,760 --> 00:08:26,840 That's what you said about Ed Stuart, isn't it? 134 00:08:26,880 --> 00:08:30,360 -How's the investigation into his death, by the way? -Done. 135 00:08:31,800 --> 00:08:33,280 Suicide. End of story. 136 00:08:33,320 --> 00:08:35,040 -"End of story," huh? -Mm-hmm. 137 00:08:35,080 --> 00:08:37,920 Well, investigationscan always be reopened. 138 00:08:37,960 --> 00:08:40,520 You know, there's something that I don't understand. 139 00:08:40,560 --> 00:08:43,600 -Having a hard time getting my head around. -Mm-hmm. 140 00:08:43,640 --> 00:08:48,000 Your obsession with protecting Massimo Ruggero. 141 00:08:49,200 --> 00:08:51,040 He's our top trader, as you know. 142 00:08:51,080 --> 00:08:53,240 He's a consensus maker. 143 00:08:53,280 --> 00:08:55,560 Yesterday he shorted the Spanish banks, 144 00:08:55,600 --> 00:08:58,280 and made a profitof over 200 million. 145 00:08:58,320 --> 00:08:59,760 He's a loose cannon. 146 00:08:59,800 --> 00:09:02,760 He's brilliant.He's an undisciplined child, 147 00:09:02,800 --> 00:09:04,160 who sometimes needs to be... 148 00:09:04,200 --> 00:09:05,640 sat in a corner. 149 00:09:08,920 --> 00:09:11,600 You're the global CEO. 150 00:09:11,640 --> 00:09:13,680 I trust that you will judge me not on your fears, 151 00:09:13,720 --> 00:09:16,160 but on my results when the time comes. 152 00:10:35,440 --> 00:10:37,800 Massimo... What time is it? 153 00:10:37,840 --> 00:10:40,000 I want you, Eleanor, and Oliver in the Freezer. 154 00:10:40,040 --> 00:10:41,640 Seven-thirty. 155 00:10:59,160 --> 00:11:00,400 Hey, you okay? 156 00:11:00,440 --> 00:11:02,960 Yeah, just running late.Tyrone overslept. 157 00:11:03,000 --> 00:11:05,360 -Again? -Mm-hmm. 158 00:11:05,400 --> 00:11:08,040 Remember, you're taking him to school today. 159 00:11:08,080 --> 00:11:09,760 It's my shift at the hospital. 160 00:11:09,800 --> 00:11:11,480 Oh, yeah, yeah, I'm... 161 00:11:11,520 --> 00:11:15,760 -Toy, do you think--? -Don't even think about asking. 162 00:11:20,800 --> 00:11:22,320 Ty! 163 00:11:22,360 --> 00:11:26,240 -Come on, we gotta go now! Come in, man. 164 00:11:26,280 --> 00:11:29,480 What are you doing? Huh, what's this? 165 00:11:30,760 --> 00:11:32,240 Stupid uniform. 166 00:11:32,280 --> 00:11:33,680 All my friendsare laughing at me. 167 00:11:33,720 --> 00:11:36,240 Yeah, well, then they're not your friends, are they? 168 00:11:36,280 --> 00:11:39,960 Look, it's a much better school, no? Hmm? 169 00:11:40,000 --> 00:11:41,720 Do your laces. 170 00:11:44,400 --> 00:11:46,040 Don't! 171 00:11:49,680 --> 00:11:50,920 What the actual fuck? 172 00:11:50,960 --> 00:11:52,640 Give it back! 173 00:11:55,040 --> 00:11:56,360 What are you carrying this for? 174 00:11:56,400 --> 00:11:58,640 -It's not mine. -Then whose is it? 175 00:11:58,680 --> 00:12:00,440 It's a friend's. 176 00:12:00,480 --> 00:12:03,120 -He didn't want to get caught with it. -Which friend?! 177 00:12:03,160 --> 00:12:04,800 Look at me! 178 00:12:09,880 --> 00:12:11,960 Do you know what this could have been used for? 179 00:12:12,000 --> 00:12:13,280 Hmm? 180 00:12:19,200 --> 00:12:21,400 You think I don't understand? 181 00:12:21,440 --> 00:12:23,960 You think I ain't been through this? 182 00:12:24,000 --> 00:12:26,000 You're better than this! 183 00:12:26,600 --> 00:12:28,200 Here, come! 184 00:12:37,400 --> 00:12:39,120 What's going on? 185 00:12:44,200 --> 00:12:46,440 We need to get off this estate. 186 00:12:47,600 --> 00:12:49,280 Whatever it takes. 187 00:12:58,440 --> 00:13:02,840 Okay. None of this leaves this room. Understand? 188 00:13:02,880 --> 00:13:05,760 This was found among Ed's belongings after he died. 189 00:13:05,800 --> 00:13:07,000 How did you get it? 190 00:13:07,040 --> 00:13:08,640 It's better you don't know. 191 00:13:14,120 --> 00:13:16,040 Looks like some kind of ledger, 192 00:13:16,080 --> 00:13:17,680 synthetic CDOs. 193 00:13:17,720 --> 00:13:19,560 Fifty-two billion dollars... 194 00:13:19,600 --> 00:13:21,240 signed in my name. 195 00:13:21,280 --> 00:13:23,000 Is that a problem? 196 00:13:23,040 --> 00:13:26,360 Apart from the fact I didn't sign it... 197 00:13:26,400 --> 00:13:29,000 What, someone forged your digital signature? 198 00:13:29,040 --> 00:13:31,760 -Apparently. -Have the assets tanked? 199 00:13:31,800 --> 00:13:33,160 On the surface, no. 200 00:13:33,200 --> 00:13:35,360 Fully funded, but then I looked deeper, 201 00:13:35,400 --> 00:13:38,800 back to the first pay date, October 2009. 202 00:13:38,840 --> 00:13:42,160 In the hour leading up to a $250 million dividend, 203 00:13:42,200 --> 00:13:43,320 look what happens. 204 00:13:43,360 --> 00:13:45,640 NYL pay out other transactions. 205 00:13:45,680 --> 00:13:48,520 -Amounting to? -Two-hundred and fifty million dollars. 206 00:13:48,560 --> 00:13:50,360 -Every month. 207 00:13:50,400 --> 00:13:53,040 The same day, the same amount. 208 00:13:53,080 --> 00:13:54,440 Every fucking month. 209 00:13:54,480 --> 00:13:56,040 NYL is moving money in and out, 210 00:13:56,080 --> 00:13:57,960 and apparently nobody gains anything. 211 00:13:58,000 --> 00:13:59,560 No way that's a coincidence. 212 00:13:59,600 --> 00:14:02,000 I need you to find out where this money's coming from 213 00:14:02,040 --> 00:14:03,360 and who it's going to. 214 00:14:03,400 --> 00:14:05,080 Do you think this has something to do 215 00:14:05,120 --> 00:14:07,160 with why Ed was murdered? 216 00:14:21,520 --> 00:14:25,280 You haven't uttered a word since you got up this morning. 217 00:14:26,360 --> 00:14:28,800 Jeremy Stonehouse was here last night. 218 00:14:31,720 --> 00:14:33,480 He's worried about Hans. 219 00:14:33,520 --> 00:14:37,000 -So are you. -He's also worried about Massimo. 220 00:14:41,680 --> 00:14:43,840 He thinks you should havetaken Massimo out 221 00:14:43,880 --> 00:14:45,520 when you had the chance. 222 00:14:48,400 --> 00:14:50,920 I'm keeping himcaged at the moment. 223 00:14:50,960 --> 00:14:52,320 A man like Massimo, 224 00:14:52,360 --> 00:14:54,880 he'll find a way out,one way or the other. 225 00:14:54,920 --> 00:14:56,360 And then? 226 00:14:56,400 --> 00:14:58,520 I'll do what I have to do. 227 00:15:13,440 --> 00:15:16,160 Now the problem is if you're one of the PIIGS countries, 228 00:15:16,200 --> 00:15:18,120 you can't borrow for any money 229 00:15:18,160 --> 00:15:20,800 because ultimately you are essentially 230 00:15:20,840 --> 00:15:24,400 no longer a welcome member of the borrower's club! 231 00:15:35,120 --> 00:15:36,600 Where's Oliver? 232 00:15:38,120 --> 00:15:39,240 I don't know. I texted him. 233 00:15:39,280 --> 00:15:40,560 Just as well he didn't come. 234 00:15:40,600 --> 00:15:41,400 Why do you say that? 235 00:15:41,440 --> 00:15:42,560 He spent all his time yesterday 236 00:15:42,600 --> 00:15:43,800 brown-nosing Paul. 237 00:15:43,840 --> 00:15:44,960 We saw the two of them together 238 00:15:45,000 --> 00:15:46,520 at the club drinking. 239 00:15:51,040 --> 00:15:53,200 Let's keep this between the three of us. 240 00:16:04,400 --> 00:16:06,720 Sorry. I had to take Tyroneto his new school. Um... 241 00:16:06,760 --> 00:16:10,280 -What did I miss? -Some new talk about Greece. Nothing much. 242 00:16:27,520 --> 00:16:31,120 Massimo, I wouldn't be here if it wasn't for you. 243 00:16:31,160 --> 00:16:33,040 I will never forget that. 244 00:16:33,800 --> 00:16:35,560 Much appreciated. 245 00:17:05,120 --> 00:17:08,360 -How long was he following me? -Since you left his flat. 246 00:17:08,400 --> 00:17:11,560 Fuck. You could have told mebefore I got in this fucking-- 247 00:17:11,600 --> 00:17:15,320 You could have noticed. You're getting sloppy, Sofia. 248 00:17:15,360 --> 00:17:17,320 I got Massimo onside, haven't I? 249 00:17:17,360 --> 00:17:20,120 Massimo's not on anybody's sidebut his own. 250 00:17:20,160 --> 00:17:22,000 Neither are you. 251 00:17:22,040 --> 00:17:23,440 Excuse me? 252 00:17:23,480 --> 00:17:26,600 We are on the same side. Aren't we? 253 00:17:29,400 --> 00:17:31,000 Yes. 254 00:17:31,040 --> 00:17:33,640 I'm just a little bit strung out, okay? 255 00:17:34,760 --> 00:17:36,680 You're so close. 256 00:17:36,720 --> 00:17:38,360 Do you think that CDO... 257 00:17:38,400 --> 00:17:41,160 was the reason whyEd Stuart was killed? 258 00:17:41,200 --> 00:17:43,760 You just stick like glue to Massimo, 259 00:17:43,800 --> 00:17:46,680 until he finds out for us. 260 00:17:46,720 --> 00:17:48,520 You think you can do that? 261 00:17:49,240 --> 00:17:51,400 Without losing focus? 262 00:17:54,000 --> 00:17:56,040 Fucking hell... 263 00:18:31,560 --> 00:18:33,440 Mm-hmm? 264 00:18:33,480 --> 00:18:35,920 Mr. Morgan, I've tried all of Mr. Becker's personal lines, 265 00:18:35,960 --> 00:18:37,440 but none of them pick up. 266 00:18:38,000 --> 00:18:39,400 Keep trying. 267 00:18:44,280 --> 00:18:45,680 Come on in. -Hey. 268 00:18:45,720 --> 00:18:47,640 Can you close the door? 269 00:18:47,680 --> 00:18:50,120 Nice work on the Spanish banks yesterday. 270 00:18:50,160 --> 00:18:52,280 -Thank you. -I have another job for you. 271 00:18:52,320 --> 00:18:54,360 I want you to build up a position 272 00:18:54,400 --> 00:18:56,600 on Rheinthaler Bank. 273 00:18:59,160 --> 00:19:00,360 They're our partner. 274 00:19:00,400 --> 00:19:02,000 Why do you wantto move against them? 275 00:19:02,040 --> 00:19:04,360 Their position is unsustainable. 276 00:19:04,400 --> 00:19:07,680 That's what we do with partner banks. We sustain them. 277 00:19:07,720 --> 00:19:09,200 Not this time. 278 00:19:10,920 --> 00:19:12,760 So why don't you get your new 279 00:19:12,800 --> 00:19:14,320 Head of Trading to do it? 280 00:19:17,080 --> 00:19:18,480 He's not you. 281 00:19:19,720 --> 00:19:22,720 You're looking to cripple the Germans. 282 00:19:28,000 --> 00:19:30,360 Nina's downstairs. 283 00:19:30,400 --> 00:19:32,080 Care to join us for lunch? 284 00:19:32,120 --> 00:19:33,920 I'd better get to work on this. 285 00:19:33,960 --> 00:19:36,200 Let me know how you get on. 286 00:19:53,400 --> 00:19:55,000 [Massimo]What have you got? 287 00:19:55,040 --> 00:19:56,960 The pattern is that $250 million 288 00:19:57,000 --> 00:19:59,360 gets taken out of various offshore accounts each month. 289 00:19:59,400 --> 00:20:01,640 Where financial transparency goes to die. 290 00:20:01,680 --> 00:20:05,800 By a stroke of luck, they were incorporated by the same legal firm. 291 00:20:05,840 --> 00:20:08,520 They all ended up getting routed through Cyprus 292 00:20:08,560 --> 00:20:10,000 to the British Virgin Islands. 293 00:20:12,080 --> 00:20:14,320 -Recognize the name? -Campbell Rodriguez. 294 00:20:14,360 --> 00:20:15,920 We use them, too. 295 00:20:15,960 --> 00:20:18,240 So we got into their accounts department an hour ago 296 00:20:18,280 --> 00:20:20,360 and they confirmedthe ultimate beneficiary. 297 00:20:20,400 --> 00:20:22,560 Guess who? 298 00:20:22,600 --> 00:20:23,920 Rheinthaler Bank? 299 00:20:23,960 --> 00:20:25,200 They're siphoning off the money, 300 00:20:25,240 --> 00:20:26,560 only to send it back to themselves. 301 00:20:26,600 --> 00:20:27,880 It's kind of a carousel, but no one's 302 00:20:27,920 --> 00:20:29,840 making any profit out of it. 303 00:20:29,880 --> 00:20:31,080 It gets even stranger. 304 00:20:31,120 --> 00:20:32,760 He just ordered me to short them. 305 00:20:32,800 --> 00:20:36,520 -But RB is our partner bank. -Exactly what I said. 306 00:20:36,560 --> 00:20:40,160 Month after month, for years... There's no way it was just Ed. 307 00:20:40,200 --> 00:20:43,840 Senior management both in Germany and London must be in on this. 308 00:20:43,880 --> 00:20:45,640 Then Dominic should know about it. 309 00:20:45,680 --> 00:20:47,120 A deal like this 310 00:20:47,160 --> 00:20:49,600 needs to have significantphysical collateral. 311 00:20:49,640 --> 00:20:51,800 -Get these shredded. -Right away. 312 00:20:51,840 --> 00:20:54,360 I need you to track down the underlying assets. 313 00:20:54,400 --> 00:20:56,520 We already tried,but we hit a dead end. 314 00:20:56,560 --> 00:20:58,640 Whatever asset, property or even activity 315 00:20:58,680 --> 00:21:02,400 they put up as collateral, it's extremely well hidden. 316 00:21:04,560 --> 00:21:07,160 I think I know a way to find it. 317 00:21:34,680 --> 00:21:36,080 Detective Bale. 318 00:21:36,120 --> 00:21:39,120 I hope I'm not disturbing you, Mrs. Stuart. 319 00:21:39,160 --> 00:21:40,760 Not at all. 320 00:21:41,640 --> 00:21:43,000 But... 321 00:21:43,040 --> 00:21:45,040 I thought your investigation was closed. 322 00:21:45,080 --> 00:21:46,360 Something new's come up. 323 00:21:46,400 --> 00:21:48,600 Could I have a minuteof your time? 324 00:21:51,120 --> 00:21:53,120 Hey! Nice shoes! 325 00:21:55,040 --> 00:21:56,600 You see the FT this morning? 326 00:21:56,640 --> 00:21:59,360 I did, yeah. Someone must haveleaked your report on the PIIGS. 327 00:21:59,400 --> 00:22:02,080 Well, not someone. You. 328 00:22:02,120 --> 00:22:04,360 Mr. Morgan would like to see you now. 329 00:22:04,400 --> 00:22:07,440 -No, no, not you. Just him. 330 00:22:20,600 --> 00:22:22,000 Mm. 331 00:22:31,600 --> 00:22:34,320 A-about the Financial Times this morning-- 332 00:22:34,360 --> 00:22:39,200 If we asked them to write about the PIIGS, they wouldn't. 333 00:22:39,240 --> 00:22:41,200 But leak the press an internal report, 334 00:22:41,240 --> 00:22:43,160 they can't help themselves. 335 00:22:43,200 --> 00:22:45,360 Please, sit down. 336 00:22:45,400 --> 00:22:46,560 I see. 337 00:22:46,600 --> 00:22:49,000 You proved your value to us yesterday, Oliver. 338 00:22:49,040 --> 00:22:51,320 I hope you go on proving it. 339 00:22:52,200 --> 00:22:54,400 Thank you, sir. So would I. 340 00:22:56,200 --> 00:22:58,000 You must be gratefulto Massimo. 341 00:22:58,040 --> 00:23:00,080 Without him,you wouldn't have this job. 342 00:23:00,120 --> 00:23:02,440 I am. I'm very grateful. 343 00:23:02,480 --> 00:23:04,640 He's changed your life,hasn't he? 344 00:23:04,680 --> 00:23:06,320 Yeah, he has. 345 00:23:08,000 --> 00:23:10,080 He's a good boss, Massimo. 346 00:23:12,600 --> 00:23:14,840 It must have been difficultfor you to demote him. 347 00:23:14,880 --> 00:23:16,160 It's for his own good. 348 00:23:16,200 --> 00:23:18,040 And temporary, I hope. 349 00:23:18,080 --> 00:23:20,480 Which is why I need your help. 350 00:23:20,520 --> 00:23:21,600 What can I do? 351 00:23:21,640 --> 00:23:24,280 Be my eyes and ears on the floor. 352 00:23:27,200 --> 00:23:30,240 -Are you asking me to-to spy? -Not at all. 353 00:23:30,280 --> 00:23:31,800 But I'm in a glass box up here, 354 00:23:31,840 --> 00:23:33,960 and I need to know what Massimo's team is doing, 355 00:23:34,000 --> 00:23:35,640 so they don't get into trouble. 356 00:23:37,920 --> 00:23:40,720 Uh, Mr. Morgan, I'm no snitch. 357 00:23:40,760 --> 00:23:41,960 Of course, you're not. 358 00:23:42,000 --> 00:23:43,920 You're loyal to them. 359 00:23:43,960 --> 00:23:45,560 And I'm loyal to you. 360 00:23:48,480 --> 00:23:50,600 Sir? 361 00:23:50,640 --> 00:23:53,600 I know you planted the device.We have it on tape. 362 00:23:54,600 --> 00:23:56,560 But I'm gonna take care of you, 363 00:23:56,600 --> 00:23:59,200 and you're gonnatake care of me. 364 00:23:59,240 --> 00:24:00,880 Because this is your family now, 365 00:24:00,920 --> 00:24:03,080 and family always comes first. 366 00:24:14,840 --> 00:24:16,760 Have a good day, Oliver. 367 00:24:27,800 --> 00:24:29,240 Thank you. 368 00:24:47,240 --> 00:24:49,480 How are you doing? Hmm? 369 00:24:50,560 --> 00:24:52,040 Come in. 370 00:24:54,400 --> 00:24:56,000 What was the detectivedoing here? 371 00:24:56,040 --> 00:24:57,280 She said there are some new developments 372 00:24:57,320 --> 00:24:58,520 about Ed's death. 373 00:24:58,560 --> 00:25:00,760 "Developments"? 374 00:25:00,800 --> 00:25:03,440 She didn't say. She just wanted to know more 375 00:25:03,480 --> 00:25:05,160 about some of Ed's files. 376 00:25:05,200 --> 00:25:06,640 What files? 377 00:25:06,680 --> 00:25:09,480 The ones I already gave the police weeks ago. 378 00:25:10,200 --> 00:25:11,840 Nina! Nina! 379 00:25:11,880 --> 00:25:13,120 -Hello! -Come! Come! 380 00:25:16,400 --> 00:25:19,120 Here, the collateral assets you couldn't find. 381 00:25:19,160 --> 00:25:20,400 Where did you get this? 382 00:25:20,440 --> 00:25:22,080 You don't want to know. 383 00:25:25,080 --> 00:25:26,320 Does Duval know about it? 384 00:25:26,360 --> 00:25:28,440 You asked me not to tell him. 385 00:25:29,880 --> 00:25:31,400 I had a look. 386 00:25:31,440 --> 00:25:34,200 They all seem valuable-enoughassets to cover the CDO. 387 00:25:35,960 --> 00:25:40,000 This is the one with the higher value. This is it. 388 00:25:40,040 --> 00:25:41,560 The Novareni nuclear power plant. 389 00:25:41,600 --> 00:25:43,800 Someone's using it as collateral 390 00:25:43,840 --> 00:25:48,160 for the money being cycled through the Rheinthaler Bank CDO. 391 00:25:48,200 --> 00:25:50,040 There is nothing here about who operates the plant 392 00:25:50,080 --> 00:25:53,520 or who owns it, since Moldova left the Soviet Union in '91. 393 00:25:53,560 --> 00:25:56,560 No, the files have been scrubbed. 394 00:25:56,600 --> 00:25:59,000 I want to look at it myself. 395 00:25:59,040 --> 00:26:01,480 -I need to catch a flight. -What for? 396 00:26:01,520 --> 00:26:05,040 This may explain why Ed Stuart was killed. 397 00:26:05,080 --> 00:26:07,320 -Okay, let's go. -It's better I go alone. 398 00:26:07,360 --> 00:26:08,960 You wouldn't even know about this place 399 00:26:09,000 --> 00:26:11,160 -if it weren't for me. -A-a-and I'm grateful, truly. 400 00:26:11,200 --> 00:26:12,720 But it's too dangerous. 401 00:26:12,760 --> 00:26:14,000 -Oh, is it? -Yeah. 402 00:26:22,000 --> 00:26:23,560 Massimo? 403 00:26:23,600 --> 00:26:26,080 I'm gonna be out of town for a day or two. 404 00:26:27,000 --> 00:26:28,200 Cover for me. 405 00:26:28,240 --> 00:26:29,960 Okay. Where are you going? 406 00:26:30,000 --> 00:26:33,120 Moldova. I need you to get me anything you can find 407 00:26:33,160 --> 00:26:35,800 on the Novareni nuclear power plant. 408 00:26:35,840 --> 00:26:37,280 Okay. 409 00:26:49,200 --> 00:26:50,560 What's happening? 410 00:26:50,600 --> 00:26:52,600 Today I took your wife to see Ed Stuart's widow 411 00:26:52,640 --> 00:26:54,160 -and that police woman was there. -Mm. 412 00:26:54,200 --> 00:26:55,560 Vicky Bale. 413 00:26:55,600 --> 00:26:58,120 She's asking questions about the CDO. 414 00:26:58,160 --> 00:27:02,160 They might be making a connection to the death. 415 00:27:02,200 --> 00:27:04,600 They might not be the only ones. 416 00:28:17,400 --> 00:28:19,480 Once you think about that, then you can make 417 00:28:19,520 --> 00:28:21,120 a much better judgement... 418 00:28:23,960 --> 00:28:26,840 Overnight flight to Moldova.I booked the seat next to yours. 419 00:28:26,880 --> 00:28:29,480 -What the fuck are you doing here? -Oh, I see... 420 00:28:29,520 --> 00:28:32,240 I never told you the story of my brother's death, did I? 421 00:28:32,280 --> 00:28:34,400 He died because of your bank. 422 00:28:36,320 --> 00:28:38,480 I've spent the last decade looking for a way 423 00:28:38,520 --> 00:28:40,720 to bring down the bastards who did this and no one, 424 00:28:40,760 --> 00:28:43,720 not you, not Duval, is gonna stop me. 425 00:28:43,760 --> 00:28:45,480 So let's go, I guess. 426 00:28:58,200 --> 00:29:00,200 -Hey. -Hey. 427 00:29:04,080 --> 00:29:07,320 -Tough day? -Yeah, you could say that. 428 00:29:17,640 --> 00:29:19,840 Leave it. Mm-mm. 429 00:29:19,880 --> 00:29:22,160 -Come on. -What? 430 00:29:22,200 --> 00:29:23,440 Get up. 431 00:29:24,640 --> 00:29:26,040 Sit down. 432 00:29:28,640 --> 00:29:31,000 Latoyah, what are you doing? 433 00:29:32,200 --> 00:29:33,720 Taking care of you. 434 00:29:34,800 --> 00:29:36,720 -Is it? -Mm-hmm. 435 00:29:36,760 --> 00:29:37,920 -Close your eyes. -What? 436 00:29:37,960 --> 00:29:39,400 Just do it. 437 00:29:42,000 --> 00:29:43,400 Okay. 438 00:29:46,000 --> 00:29:47,640 -Mm-mm. -Mm. 439 00:29:48,600 --> 00:29:50,160 No touching. 440 00:29:50,920 --> 00:29:52,240 Not yet. 441 00:29:57,600 --> 00:30:00,160 Shit... That's Tyrone! 442 00:30:00,200 --> 00:30:01,760 Oliver! 443 00:30:01,800 --> 00:30:02,800 You got 24 hours 444 00:30:02,840 --> 00:30:03,920 to bring back my fucking gun 445 00:30:03,960 --> 00:30:05,000 or you're fucking dead, bitch! 446 00:30:05,040 --> 00:30:06,440 Hey! 447 00:30:06,480 --> 00:30:08,200 Bitch, you dead, you understand it? 448 00:30:08,240 --> 00:30:11,360 And if you don't, you're gonna see me again! 449 00:30:11,400 --> 00:30:13,080 Make sure! 450 00:30:19,600 --> 00:30:21,000 Hey! Hey! 451 00:30:24,000 --> 00:30:25,000 Hey, what the hell happened? 452 00:30:25,040 --> 00:30:26,240 Nothing, I'm fine, I'm fine! 453 00:30:26,280 --> 00:30:27,600 Please take him to the hospital! 454 00:30:27,640 --> 00:30:29,400 No!-No, no, no hospital, no police. 455 00:30:29,440 --> 00:30:31,280 Can't have this on his record, do you understand? 456 00:30:32,280 --> 00:30:33,600 Look, can you clean it up? 457 00:30:34,440 --> 00:30:35,520 I can try. 458 00:30:35,560 --> 00:30:36,680 All right. 459 00:30:36,720 --> 00:30:38,880 Come on, let's get inside, come on. 460 00:30:38,920 --> 00:30:40,360 So, was this your friend? 461 00:30:40,400 --> 00:30:41,800 -It's all your fault! -My fault? 462 00:30:41,840 --> 00:30:44,200 He got mad when I said I didn't have his gun! 463 00:30:44,760 --> 00:30:46,080 What? 464 00:31:08,120 --> 00:31:09,280 So? 465 00:31:09,320 --> 00:31:11,280 No one in the Ministryspeaks English 466 00:31:11,320 --> 00:31:13,760 or Italian or Frenchor Spanish. 467 00:31:13,800 --> 00:31:17,200 I should have gone. I speak Russian. 468 00:31:17,240 --> 00:31:19,360 Pretty sure they wouldn'thave talked anyway. 469 00:31:19,400 --> 00:31:21,440 So what do we do now? 470 00:31:21,480 --> 00:31:24,080 The nuclear power plantis in Transnistria. 471 00:31:24,120 --> 00:31:26,120 -That's a day's drive. -Okay. 472 00:31:31,000 --> 00:31:34,440 Do you want me to drive? You've been five hours driving. 473 00:31:35,200 --> 00:31:37,200 No, I'm okay. Thank you. 474 00:31:38,480 --> 00:31:39,600 Okay. 475 00:31:48,120 --> 00:31:49,760 What is it? What? 476 00:31:51,840 --> 00:31:54,000 Somebody's following us. 477 00:31:56,400 --> 00:31:59,080 Hold on, okay? Hold on. 478 00:32:15,720 --> 00:32:17,200 Holy shit! 479 00:32:17,840 --> 00:32:20,080 Holy shit! Fuck off! 480 00:32:21,760 --> 00:32:23,080 Oh, shit! 481 00:32:34,520 --> 00:32:36,400 Ah! Fuck you! 482 00:32:56,880 --> 00:33:01,080 Who was that? 483 00:33:01,920 --> 00:33:04,160 I don't fucking know. 484 00:33:08,600 --> 00:33:10,080 Are you okay? 485 00:33:10,120 --> 00:33:11,640 Yeah. You okay? 486 00:33:11,680 --> 00:33:13,040 Yes. 487 00:34:02,000 --> 00:34:03,720 Stop it. 488 00:34:05,520 --> 00:34:09,800 You've been through those pages a hundred times. Stop it. 489 00:34:16,080 --> 00:34:17,800 Mm? 490 00:34:17,840 --> 00:34:19,400 What are you afraid of? 491 00:34:23,560 --> 00:34:24,720 What is it? 492 00:34:27,000 --> 00:34:29,120 I'm afraid of being right. 493 00:34:31,200 --> 00:34:33,240 Don't worry then. 494 00:34:33,280 --> 00:34:35,000 You're never right. 495 00:34:40,760 --> 00:34:42,120 Come. 496 00:36:52,960 --> 00:36:54,160 What is it? 497 00:36:58,640 --> 00:37:00,800 You okay? Massimo? 498 00:37:23,080 --> 00:37:25,280 I won't hurt you, Sofia. 499 00:37:26,720 --> 00:37:28,200 Ever. 500 00:37:38,080 --> 00:37:39,480 This is why more and more countries 501 00:37:39,520 --> 00:37:41,160 are beginning to really hate Germany again. 502 00:37:41,200 --> 00:37:43,200 Central Bank of Germany and politicians 503 00:37:43,240 --> 00:37:45,400 who are playing the system for themselves 504 00:37:45,440 --> 00:37:48,680 and they're sacrificing the eurozone once again... 505 00:37:48,720 --> 00:37:51,080 Apparently, we would expect that. 506 00:37:51,120 --> 00:37:52,520 Mr. Morgan, I'm so sorry, 507 00:37:52,560 --> 00:37:54,360 but Mr. Becker would not wait downstairs-- 508 00:37:54,400 --> 00:37:57,640 I need to talk to you. -Uh, Cynthia, it's all right. 509 00:37:57,680 --> 00:37:58,840 Would you like a coffee? 510 00:37:58,880 --> 00:38:00,520 What the fuck, Dominic?! 511 00:38:00,560 --> 00:38:02,200 What the hell are you doing here? 512 00:38:02,240 --> 00:38:03,520 I don't want your fucking coffee. 513 00:38:03,560 --> 00:38:05,360 I want an explanation, please. 514 00:38:05,400 --> 00:38:08,760 You haven't returned my calls in the past two days. 515 00:38:08,800 --> 00:38:10,320 You said we were friends. 516 00:38:10,360 --> 00:38:12,160 And we are friends. 517 00:38:12,200 --> 00:38:15,560 Is that why you had Massimo Ruggero short RB? 518 00:38:15,600 --> 00:38:18,280 Half the traders in Europe are coming in behind him. 519 00:38:18,320 --> 00:38:19,760 We had an agreement. 520 00:38:21,160 --> 00:38:23,360 You can't blackmail me, Dominic. 521 00:38:23,400 --> 00:38:26,160 Your name is all over those trades, just like mine. 522 00:38:26,200 --> 00:38:28,040 My name isn't, actually. 523 00:38:28,080 --> 00:38:29,280 Massimo's is. 524 00:38:29,320 --> 00:38:31,000 -What? -You heard me. 525 00:38:44,120 --> 00:38:45,960 I-I can't-- I can't do what you're asking. 526 00:38:46,000 --> 00:38:47,560 Of course, you can. 527 00:38:47,600 --> 00:38:51,600 -Not-not in good conscience, no. -Conscience? 528 00:38:51,640 --> 00:38:55,640 Since when has conscience had anything to do with this? 529 00:38:55,680 --> 00:38:59,280 NYL has taken a major position on the Italian debt default. 530 00:38:59,320 --> 00:39:00,760 Your bank needs to fall in line. 531 00:39:00,800 --> 00:39:02,960 This has nothing to do with banking. 532 00:39:03,000 --> 00:39:05,880 This is about destroying a country, 533 00:39:05,920 --> 00:39:09,640 bringing ruin to the lives of millions of ordinary people. 534 00:39:09,680 --> 00:39:12,840 If Italy goes under, the euro will collapse! 535 00:39:12,880 --> 00:39:14,600 The euro is a bust. 536 00:39:16,720 --> 00:39:18,760 Debts need to be repaid. 537 00:40:09,000 --> 00:40:12,000 A dismissed power plant as collateral for 538 00:40:12,040 --> 00:40:14,560 a 250 million CDO? 539 00:40:14,600 --> 00:40:16,400 It's a scam. 540 00:40:16,440 --> 00:40:19,880 Junk. Just like the rest of the CDO. 541 00:40:19,920 --> 00:40:22,320 And Dominic knew it for sure. 542 00:40:24,600 --> 00:40:26,880 This is what Ed Stuart found out. 543 00:40:26,920 --> 00:40:29,160 We got the bastard. 544 00:40:29,200 --> 00:40:32,280 I got Dominic Morgan. 545 00:40:32,320 --> 00:40:34,240 -Not exactly. -Oh, yeah. 546 00:40:34,280 --> 00:40:36,200 Once I publish these pictures, 547 00:40:36,240 --> 00:40:40,240 Dominic Morgan will be ruined forever. 548 00:40:41,720 --> 00:40:43,320 He won't. 549 00:40:43,800 --> 00:40:45,160 But I will. 550 00:40:48,680 --> 00:40:51,680 My digital signature is on that CDO. 551 00:40:52,960 --> 00:40:54,160 Why? 552 00:40:54,200 --> 00:40:56,880 That's what I'm tryingto figure out. 553 00:40:56,920 --> 00:40:59,520 So you say they forged it. You didn't kill Ed Stuart, 554 00:40:59,560 --> 00:41:01,040 -Dominic Morgan did. -Yes. 555 00:41:01,080 --> 00:41:02,520 This is all about Dominic Morgan! 556 00:41:02,560 --> 00:41:05,760 I had the motive and the means. 557 00:41:05,800 --> 00:41:10,040 And I'm implicated in the fraud he discovered, so... 558 00:41:10,080 --> 00:41:13,200 You publish the photos,I go to jail. 559 00:41:27,520 --> 00:41:29,080 You keep the CDO. 560 00:41:29,120 --> 00:41:30,280 I need you to hide it. 561 00:41:50,120 --> 00:41:52,840 ...questions about how the six-foot four-inch fugitive... 562 00:41:52,880 --> 00:41:54,760 For years, everyone assumed 563 00:41:54,800 --> 00:41:57,640 Bin Laden to live out his days or die... 564 00:42:04,640 --> 00:42:05,880 Ah, there you are. 565 00:42:05,920 --> 00:42:07,640 -Hey. -So... 566 00:42:09,360 --> 00:42:11,000 what did you find in Moldova? 567 00:42:21,040 --> 00:42:23,640 Nothing. It was a wild goose chase. 568 00:42:42,600 --> 00:42:44,000 Eleanor. 569 00:42:46,400 --> 00:42:48,400 Paul ordered us to stop shorting Rheinthaler. 570 00:42:48,440 --> 00:42:51,160 Then not 30 minutes later, we started dumping 571 00:42:51,200 --> 00:42:52,600 all our Italian public debt. 572 00:42:52,640 --> 00:42:54,000 And RB did the same. 573 00:42:54,040 --> 00:42:55,720 The eighth largest economy in the world 574 00:42:55,760 --> 00:42:57,200 is being cut off at the knees. 575 00:42:57,240 --> 00:42:58,360 No one's going to lift a finger to stop it. 576 00:42:58,400 --> 00:43:00,600 I don't see the point. 577 00:43:00,640 --> 00:43:02,240 That's the fucking point. 578 00:43:35,960 --> 00:43:37,480 I understand now. 579 00:43:39,000 --> 00:43:40,400 Do you? 580 00:43:43,360 --> 00:43:46,560 Let me also use this occasion to dwell a bit further 581 00:43:46,600 --> 00:43:49,960 on monetary policy in the current embargo... 582 00:43:50,000 --> 00:43:52,760 You couldn't be seen to kill off an entire country. 583 00:43:52,800 --> 00:43:55,760 So you got Rheinthaler Bank to do it for you. 584 00:43:55,800 --> 00:43:57,400 Italy is part of the PIIGS. 585 00:43:57,440 --> 00:44:00,200 They are now, thanks to you. 586 00:44:00,240 --> 00:44:02,200 But you've beenplanning this for years. 587 00:44:02,240 --> 00:44:04,840 Feel free to take a look around. 588 00:44:04,880 --> 00:44:07,840 Babe, are you surewe can afford this? 589 00:44:07,880 --> 00:44:10,000 Yeah, the bank gave me a bonus. 590 00:44:18,120 --> 00:44:20,680 Ed Stuart found out about the CDO scam 591 00:44:20,720 --> 00:44:23,680 you were using to keep Hans Becker onside. 592 00:44:23,720 --> 00:44:25,960 So you offered him the vice-CEO job 593 00:44:26,000 --> 00:44:27,280 that was meant for me. 594 00:44:28,480 --> 00:44:31,000 But Ed wouldn't take the bribe. 595 00:44:34,960 --> 00:44:37,000 And you killed him. 596 00:44:37,040 --> 00:44:39,400 And forged my signature on the CDOs 597 00:44:39,440 --> 00:44:42,440 to keep me quiet if I found out the truth. 598 00:44:44,080 --> 00:44:48,000 It was you who tried to stop me in Moldova. 599 00:44:54,560 --> 00:44:58,080 And it was you who brought Carrie back. 600 00:45:04,000 --> 00:45:06,400 If you want to believe that. 601 00:45:06,440 --> 00:45:09,000 That's the last thing I want to think. 602 00:45:11,360 --> 00:45:13,680 But it's the truth, isn't it? 603 00:45:21,920 --> 00:45:24,440 How many billions will you make... 604 00:45:24,480 --> 00:45:26,440 -destroying a country? -It is not... 605 00:45:26,480 --> 00:45:30,280 -Of course, it is. Of course, it is. -...about the money. 606 00:45:30,320 --> 00:45:32,600 You didn't want to end up like your father. 607 00:45:35,200 --> 00:45:38,120 You started with nothing, 608 00:45:38,160 --> 00:45:41,800 but you worked hard,you climbed your way up. 609 00:45:41,840 --> 00:45:43,360 You're not at the top. 610 00:45:43,400 --> 00:45:44,520 Not yet. 611 00:45:46,960 --> 00:45:49,000 But when you get there... 612 00:45:52,000 --> 00:45:54,600 you'll see the waythe world really is. 613 00:46:11,240 --> 00:46:13,120 And how it must remain. 614 00:46:15,800 --> 00:46:17,600 I don't know about that. 615 00:46:20,040 --> 00:46:22,240 But I can see you pretty clearly right now. 616 00:46:22,280 --> 00:46:23,760 Do as I say, Massimo, 617 00:46:23,800 --> 00:46:26,600 and you will be a partof the future, otherwise... 618 00:46:28,160 --> 00:46:30,160 I'll annihilate you. 619 00:46:33,520 --> 00:46:39,200 Papa? 620 00:46:47,520 --> 00:46:49,800 ...the continued instability... 621 00:46:50,440 --> 00:46:51,720 Papa? 622 00:46:57,840 --> 00:47:01,480 And with our strategy, will prove in time... 623 00:47:01,520 --> 00:47:03,360 and over time... 624 00:47:22,680 --> 00:47:28,160 Mama! 625 00:47:32,760 --> 00:47:35,240 Phil Harvey describes unemployment 626 00:47:35,280 --> 00:47:37,200 with dogs and bones story. 627 00:47:37,240 --> 00:47:39,360 You put 95 bones in a room, 628 00:47:39,400 --> 00:47:42,320 then you send in 100 dogs to get bones. 629 00:47:42,360 --> 00:47:44,360 Five dogs don't get any bones. 630 00:47:44,400 --> 00:47:46,120 So, what happens is, 631 00:47:46,160 --> 00:47:49,560 the economists take those five dogs off to the side. 632 00:47:49,600 --> 00:47:52,320 And they have a special training course for these dogs, 633 00:47:52,360 --> 00:47:54,920 and they train them in how to get bones. 634 00:47:54,960 --> 00:47:57,520 Then, they run the experiment all over again. 635 00:47:57,560 --> 00:48:00,640 They send 100 dogs in to get 95 bones. 636 00:48:00,680 --> 00:48:03,680 and those five dogs come back with bones this time. 637 00:48:03,720 --> 00:48:06,640 And they say, "See? Anyone can get a bone 638 00:48:06,680 --> 00:48:09,760 if they work hard, train hard, and compete hard." 639 00:48:09,800 --> 00:48:12,560 Of course, five others didn't get bones, right? 640 00:48:12,600 --> 00:48:14,760 Unemployment is five-percent of those dogs. 641 00:48:14,800 --> 00:48:16,680 They are not going to get bones. 642 00:48:16,720 --> 00:48:19,000 The only way they're going to get rid of that problem 643 00:48:19,040 --> 00:48:20,760 is five more bones.