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00:00:00,000 --> 00:00:04,WWW.MY-SUBS.COM
00:00:08,430 --> 00:00:10,Previously on "Billions"...
00:00:10,450 --> 00:00:12,When did it become a crime
to succeed in this country?
00:00:12,590 --> 00:00:14,Everyone has access to the information.
00:00:14,520 --> 00:00:16,We just know how to analyze it better.
00:00:16,430 --> 00:00:19,Suspect trading pattern on
Pepsum Pharmaceuticals.
00:00:19,520 --> 00:00:20,They had inside information.
00:00:20,610 --> 00:00:22,You must get pings like that every day.
00:00:22,540 --> 00:00:23,It's bigger than that.
00:00:23,560 --> 00:00:26,All three firms have
links to Bobby Axelrod.
00:00:26,530 --> 00:00:27,This would be a big one.
00:00:27,570 --> 00:00:30,But a good matador doesn't
try to kill a fresh bull.
00:00:30,640 --> 00:00:33,You wait until he's been stuck a few times.
00:00:33,630 --> 00:00:35,Why aren't you prosecuting
the investment banks
00:00:35,640 --> 00:00:38,and hedge funds for insider trading?
00:00:38,430 --> 00:00:40,Go ask the 81 convicted
felons of financial crimes
00:00:40,560 --> 00:00:41,currently serving time.
00:00:42,015 --> 00:00:44,But you have a very specific
conflict of interest
00:00:44,470 --> 00:00:45,right in your own home.
00:00:45,451 --> 00:00:47,Your value to the firm is absolute.
00:00:47,480 --> 00:00:49,I've been working there since
before we were married
00:00:49,550 --> 00:00:51,and long before you were in office.
00:00:51,101 --> 00:00:52,I work for the public good.
00:00:52,530 --> 00:00:54,No, you work for the good of Chuck Rhoades.
00:00:54,620 --> 00:00:56,Maybe sometimes they intersect.
00:00:56,815 --> 00:00:58,You know the Norton place out at the beach?
00:00:58,510 --> 00:01:00,I just heard Bobby Axelrod
is trying to buy it.
00:01:00,630 --> 00:01:02,- Bryan: How much?
- $83 million.
00:01:02,490 --> 00:01:04,People hate guys who buy things like that.
00:01:04,520 --> 00:01:07,Hall: You said there was only
one thing you were afraid of...
00:01:07,410 --> 00:01:09,Guys in windbreakers walking in your office
00:01:09,410 --> 00:01:11,saying, "step away from the computer."
00:01:11,460 --> 00:01:13,And you told me you'd make
sure it wouldn't happen.
00:01:13,540 --> 00:01:14,So let me make sure.
00:01:14,560 --> 00:01:15,Steven Birch?
00:01:15,570 --> 00:01:16,It's either him or you.
00:01:16,580 --> 00:01:17,Piedmont Capital.
00:01:17,571 --> 00:01:19,Yeah.
00:01:19,297 --> 00:01:21,That swap deal he did
on Arcadian Railroad...
00:01:21,490 --> 00:01:23,Do an autopsy on the deal,
00:01:23,510 --> 00:01:25,you'll find yourself a
Pulitzer in the carcass.
00:01:26,796 --> 00:01:28,Front f***g page of The Post.
00:01:29,820 --> 00:01:31,It's like he's daring you.
00:01:31,460 --> 00:01:32,Hall: There's movement.
00:01:32,640 --> 00:01:35,It's likely they've opened
a case file on you.
00:01:35,580 --> 00:01:37,You know what?
00:01:37,430 --> 00:01:38,I'm ready.
00:01:56,580 --> 00:01:58,[Nick waterhouse's "high tiding" plays]
00:01:58,510 --> 00:02:01,No, Pete, the gold standard
is never coming back.
00:02:01,460 --> 00:02:03,And if it did, this world
would be so f***d,
00:02:03,440 --> 00:02:05,I'd buy space travel, not gold.
00:02:05,530 --> 00:02:07,Nice pitch, though.
00:02:07,440 --> 00:02:08,If I'd have known it was a gold play,
00:02:08,520 --> 00:02:09,I'd have never put him through.
00:02:09,580 --> 00:02:11,Always put that lunatic through.
00:02:11,430 --> 00:02:14,One out of every 200 ideas
he has is f***g brilliant.
00:02:14,500 --> 00:02:16,[Knocks] I g***t this.
00:02:20,540 --> 00:02:21,Bad idea.
00:02:21,630 --> 00:02:24,"No man is a hero to his valet."
00:02:24,590 --> 00:02:26,That goes double for his C.O.O.,
00:02:26,460 --> 00:02:28,so you are f***d with me either way.
00:02:28,490 --> 00:02:30,Let's take a car to the
city instead of flying.
00:02:30,590 --> 00:02:32,What's underneath this?
00:02:32,630 --> 00:02:35,Look, if the U.S. attorney
is really coming,
00:02:35,580 --> 00:02:39,maybe it's better if we don't
make you more of a target.
00:02:39,440 --> 00:02:42,And more important, Garth
Sykes from Flagship.
00:02:42,480 --> 00:02:44,Hated seeing you on the cover of The Post
00:02:44,570 --> 00:02:46,with that goddamned oceanfront mansion.
00:02:46,590 --> 00:02:48,Teachers in that pension
fund make 40 grand a year.
00:02:48,620 --> 00:02:50,People who have it spend it.
00:02:50,059 --> 00:02:51,People who don't have it
00:02:51,215 --> 00:02:53,like billies better who
spend on other folks.
00:02:53,326 --> 00:02:54,Charity, good works.
00:02:54,591 --> 00:02:56,I do, I have, and you know it.
00:02:56,610 --> 00:02:59,Today, they only remember the house.
00:02:59,141 --> 00:03:01,I have a feeling there'll
be another one of us
00:03:01,440 --> 00:03:02,on the front pages soon enough,
00:03:02,480 --> 00:03:03,and they'll forget about that.
00:03:03,550 --> 00:03:05,But if Flagship does try and withdraw...
00:03:05,610 --> 00:03:07,We can't let him.
00:03:07,520 --> 00:03:10,If Flagship pulls its $1.billion, it gets public.
00:03:10,640 --> 00:03:12,Other institutions go, too.
00:03:12,640 --> 00:03:14,Whole thing could domino.
00:03:14,470 --> 00:03:15,Get with Sykes, keep them on board.
00:03:15,640 --> 00:03:17,That's just why I'm telling you
00:03:17,510 --> 00:03:18,to keep it a little more low-key.
00:03:18,630 --> 00:03:20,Who's more low-key than me?
00:03:20,610 --> 00:03:22,[Helicopter blades whirring]
00:03:22,440 --> 00:03:26,♪ Not that it's wrong,
that it needs righting ♪
00:03:29,620 --> 00:03:33,♪ Just all alone, I been high tiding ♪
00:03:45,570 --> 00:03:49,So, the key to bagging Axe is... ?
00:03:50,470 --> 00:03:51,- Pete Decker.
- Oh.
00:03:51,610 --> 00:03:52,His fund. Has to be.
00:03:52,591 --> 00:03:54,We start with Decker
00:03:54,430 --> 00:03:55,since he had the longest
tenure at Axe Capital
00:03:55,610 --> 00:03:58,of anyone who left with Axe's backing.
00:03:58,117 --> 00:04:00,Get me some more of those cold
sesame noodles, would you?
00:04:00,550 --> 00:04:02,No, these are... these are Dandan noodles.
00:04:02,600 --> 00:04:05,Same f***g thing.
00:04:05,079 --> 00:04:07,No. No, one's Szechuan,
the other Taiwanese.
00:04:07,440 --> 00:04:08,It's a whole thing.
00:04:08,480 --> 00:04:10,You know, this is why I
don't mind the hours.
00:04:10,540 --> 00:04:13,I'm always learning something on the job.
It's incredible.
00:04:13,450 --> 00:04:14,Yeah, tell him about General Tso's, Bryan.
00:04:14,640 --> 00:04:16,Oh, no, he flings this s***t at you, too?
00:04:16,580 --> 00:04:18,Sprays it all around.
00:04:18,420 --> 00:04:19,The only place you've ever been is Asia,
00:04:19,610 --> 00:04:21,you can't help yourself.
00:04:21,540 --> 00:04:24,Here... indictments on that Ponzi thing.
00:04:24,520 --> 00:04:26,Tell me about the general, Bryan. Come on.
00:04:26,490 --> 00:04:27,Well, now you've done it.
00:04:27,550 --> 00:04:29,[Laughs]
00:04:29,540 --> 00:04:32,General Tso, he was a statesman
in the Ging dynasty.
00:04:32,530 --> 00:04:34,Suppressed a revolution.
00:04:34,450 --> 00:04:36,Oh, and now he has the true glory.
00:04:36,450 --> 00:04:38,A fried chicken dish named
for him the world over, huh?
00:04:38,812 --> 00:04:40,That was created in America.
00:04:40,460 --> 00:04:43,Maybe after we nail Axe,
they'll reciprocate...
00:04:43,440 --> 00:04:44,Name a dish after you in China, huh?
00:04:44,640 --> 00:04:47,Oh-ho. General Chuck's? [Laughs]
00:04:47,420 --> 00:04:48,Really, what would that...
what would that look like,
00:04:48,620 --> 00:04:50,a burger with the cheese
cooked on the inside?
00:04:50,530 --> 00:04:51,[Laughs]
00:04:51,570 --> 00:04:54,You really think I could
ever be that richly honored?
00:04:54,580 --> 00:04:56,Hey, I will make it so.
00:04:56,540 --> 00:04:58,Not if we're still stuck.
00:04:58,510 --> 00:05:02,We need to find a way to get
Pete Decker on the hook, right?
00:05:02,500 --> 00:05:06,Decker hires young, and he
pays at the top of the range.
00:05:06,430 --> 00:05:08,Now, once these guys get a
taste for that kind of money,
00:05:08,480 --> 00:05:09,they get desperate to keep it going.
00:05:09,640 --> 00:05:12,Start tracking all of his
analysts and traders.
00:05:12,410 --> 00:05:14,Next one makes a mistake,
we're right there.
00:05:14,630 --> 00:05:18,[Camera shutters clicking]
00:05:18,610 -->...
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