One silk handkerchief.
One necktie.
One watch.
One ring.
One gold money clip with no money in it.
And one mobile phone.
Fifty cents a day, minus what you spent inside,
and a train ticket to the Big Apple.
Good luck, Gekko, and don't come back.
You want to know what the mother of all bubbles was?
It came out of nowhere. By chance.
How many you got, Mac? Five.
They called it the Cambrian Explosion.
It happened around 530 million years ago.
Open the gate!
And over the next 70, 80 million years, the rate of evolution accelerated so fast
that we came along.
The human race.
They still can't explain how that happened, except that it happened.
Here he is!
Daddy!
Some people say it was by chance,
others, design.
But who really knows?
The dimming of the light makes the picture clearer
It's just an old photograph
There's nothing to hide
When the world was just beginning
I memorized a face so it's not forgotten
I hear the wind whistlin'
Come back anytime
And we'll mix our lives together
Heaven knows
What keeps mankind alive
Connecting
To places we have known
I'm looking for a home
Where the wheels are turning
Home Why I keep returning
Home With our bodies touching
Home And the cameras watching
Home
Will infect whatever you do
We're home
Comes to life from out of the blue
- Stop sleeping.
You mean "wake up."
"Wake up" is positive. "Stop sleeping" is a negative.
Either way, it's not my favorite part of the day.
It's the best part of the day.
I feel bad for anybody who feels that way. It means their day can't get any better.
You go to bed too late. You don't sleep enough.
What's going on with you today?
Did I tell you, or did you forget?
I'm going to Washington for the week.
Yeah. New site, right?
We're launching in 10 days,
so the whole site's down starting tomorrow.
What are all those angry liberals going to do without their daily fix, baby?
You're just as liberal as they are, Mr. Green Energy.
No, no, no. The only green is money, honey.
You're so Wall Street, it makes me sick.
- Baby, come here. - No. What did I ever see in you?
- Come here. - No.
My next guest, Gordon Gekko,
was one of the biggest names on Wall Street in the '80s
before he went to prison for insider trading and securities fraud.
He's out with a new book, and it is a shocker, believe me.
It is called Is Greed Good?
The man himself is here with us. Gordon, good to have you on the program.
Thank you, Maria. It's nice to be out.
- Turn it off. - One sec.
And I must tell you, your show is a big, big hit in the can.
Oh. You watched it in prison?
Your show?
Me and a whole lot of others.
You wrote the book in prison?
I did. I outlined my drafts...
I'm taking a shower.
Everybody says that the living is easy
I can barely see 'Cause my head's in the way
Tigers walk behind me
They are to remind me that
I'm lost, but I'm not afraid
Soul to soul
A kiss and a sigh
Sawed in half...
See you next week.
Good luck in Washington.
People on the outside I remember sweet times
This old rose is always in bloom
- Hello? -Jacob.
Dr. Masters.
Good morning, sir. Don't you get any sleep?
Jacob, it happened. As close as we've come to burn yet.
Really? How many lasers?
We fired 72 this morning, and we're going to go for 96 next week.
That's fantastic. That's a game changer, Doc.
So let me guess, it means we're pushing the pace, right? You need more money?
Well, it'd be good if we could get another $100 million.
We could pick up maybe six months on our schedule.
A hundred million dollars?
As long as the price of oil stays high, we'll get the money.
That would be nice. That would be nice.
Because The Foundation says that they're having some problems in the markets...
You don't worry about that, though, okay, Doc?
You just keep building that baby star, okay?
Okay. Thank you, Jacob. Thank you.
All right, I'll talk to you soon.
Now I can say Those three little words
And everyday I'm dreaming a world
Life is long
If you give it way
So stay, don't go
'Cause I'm fading away
Soul to soul Between you and me
Chain me down But I am still free
Hydra Offshore.
Let me repeat this again.
A huge deep-sea exploration play off the coast of Equatorial Guinea.
That's an oil field that's barely been touched.
Remember, the stock's trading roughly 31% off the 52-week high
and it's part owned and funded by none other than, guess who.
Churchill Schwartz.
So we know they won't let anything too bad happen here.
My suggestion is that we get aggressive.
- Agreed? - MAN: Yeah.
We all agree?
Ed, what do you think?
I don't agree. Maybe it's just me.
Equatorial Guinea's a pretty tough dictatorship.
This guy's already nationalized the gold and diamond mines.
So what's your point?
I just don't think it's a risk our desk
should be taking right now, that's all. I'd wait.
- Wait? Wait for what? - Yeah.
Your "Beam me up, Scottie" hydrogen fusion deal?
Now you're talking about something else. It's United Fusion Corporation, Stan.
Come on. It's apples and oranges.
- Oh, really? - Yeah.
You mean the deal that we already sank $50 million into, Mr. Brainiac?
Alternative energy is what biotech was 15 years ago, Stan.
Come on. You were young once. You know that.
Profits aren't quarterly. The runs could be huge.
We'll all be dead by the time your nutty professor makes us any money.
Right, this coming from the guy who said Google was a bubble.
Anyway. Hydra Offshore.
It's priced right for us to make three to five times on our money.
And better yet, what we all love the most.
Big year-end bonuses.
MAN: Let's go! Let's go! Let's make some dough!
What's up? You good?
I can't! It's not up to me.
Maybe I can do it, maybe I can't do it. People are telling me something.
Jesus! Harry, you gave me your word.
You know I know!
You okay, Lou?
Good day, I'm okay. Bad day, I'm okay. What's the difference?
Do me a favor. Don't ask me dumb questions.
You wanted to see me?
Steve, stay on top of Harry, okay?
- He's driving me crazy. - You got it, boss.
Follow me.
Why?
That's some "Thank you." What do you want, a kiss, too?
I thought maybe the news out of London would've wrecked the mood.
London? Don't tell me London.
I take a look at their sheets. They tell me they got a $125 million profit, right?
I look at the same lousy spread,
to me it looks like a buck and a quarter loss.
Then they tell me, "Don't worry about it. We're making money on the losses."
How do you make money on losses? You tell me.
I'm just an old dinosaur.
Lou, I believe in Keller Zabel. We're fine.
And you're not a dinosaur. Come on.
It's no fun anymore, Jacob.
I'm talking to some guy in Mumbai, Dumbai.
I don't know what he's talking about.
I don't know what he's selling, I don't know who he is,
I don't know how much I'm putting up.
And my partners, they're in their graves. They're laughing at me.
It's just a bunch of machines now, telling us what to do.
That's why you got people like me here, Lou, to lighten the load.
Getting old is not for sissies, kid.
Take that money, huh?
You spend it on that pretty girl. You deserve it.
I remember when the pro sent me you.
This skinny kid with crazy hair.
I said, "Jimmy, what are you doing to me? Give me a real caddy."
I was having a bad day, and you wouldn't shut up.
Twelve years old, you're talking to me about
companies and sectors and earnings.
You had the hunger, Jake. I could smell it then. You still got it.
I've just never had a check like this in my hands before.
You spend it. Somebody has to keep our economy going.
Well, get out of my office.
Thank you.
Princess cut.
Platinum-banded, one and a half carat.
There's nothing quite like a ring...
Can you take me to the money room?
You mean the private client foyer?
That's it.
Olga from Russia, with love.
How are you?
Shots or champagne, guys?
She was scoping you for the kill, bro. Perfect. An 11, man. Gisele time.
No. This is...
Wow. You're serious.
Yeah.
So young, and already pricing yourself off the market.
- 'Tron? - Shots.
So when are you gonna ask her?
She's not that crazy about marriage, you know.
I mean, look at her parents.
A girl's got to get it straight with her pop, don't you think?
- What if you have kids? - Yeah, it's going be tough.
Did you hear what he said on TV the other night?
"Home loan defaults are just the first raindrop in the mother of all storms."
Christ. Sour grapes, this man.
The guy is a legend. Gordon the Gekko.
He's speaking next week up at your old alma mater, Fordham.
Watch yourself.
- Hey buddy, get a cane. - Come on, come on.
A few of us are going up after work to check him out. Come along.
I can't. Winnie, you know.
The only God you worship is Zabel.
I don't worship the man. He got me a seat at the table.
The word is he's stuck with a ton of toxic sub-prime debt off the balance sheet.
Billions. Can't find a bid for it.
Yeah, so what?
So, buddy, it don't matter if the rumors are true or not.
Because in this climate, it's what buyers believe.
And where there's smoke, there's fire.
- I'll make you a bet right now. - Go.
I got a million dollars left of my bonus, okay?
- Mmm-hmm. - It's yours tomorrow a.m.
You put it in KZI shares. You leverage that to the max.
That's how much I believe in this company.
Did you not hear me?
Listen, as your only friend left
from a place in Long Island no one can remember, let alone pronounce,
I'm telling you, you're acting like your mama.
Don't do that. Leave her out of this.
Plus, why would he spot-bonus me right now if we were in trouble, huh?
It makes no sense.
Look, you don't want to make any money on this, fine.
- I'm sure Harry Shapiro would love to. - Okay, okay.
I'm a hooker, too. Send it to me.
You're still young enough to recover.
I'll ream you on the commission.
I'm gonna love the look on your face
when I make so much money off this.
I'll have no choice but to walk away.
Guys, we're looking at an unprecedented meltdown here.
I've never seen anything like it...
Keller Zabel's loss today was the worst in over a year.
And this big drop may be just the beginning
of a much deeper correction.
It is an amazing story. Keller Zabel stock is getting hammered.
How is it you've never been more wrong in your life
than right now?
You're losing all your money right now. I see it, it's going down.
Somebody is betting big money that Zabel's stock is about to collapse.
You wanna owe?
This stock's about to lose its bar mitzvah, Jake.
Take the haircut and sell. You're on a 50% margin, buddy.
I can still get you out now at a total loss, but at least you won't owe.
... threatening the firm 's liquidity.
In one incredible week, shares of KZI are down 52%.
I know where the stock is. I have it in front of me.
What you got to do right now is relax, take a deep breath.
Tell your banks not to sell the stock.
The stock is overreacting right now and...
Hey, what financial stock isn't, right?
Listen, three months from now we're going to look back on this and laugh.
You're angry? I'm angry.
Okay! We're okay.
- Relax. - Relax.
Jesus Christ.
I've known you your whole life, Jake.
And I know when you're lying to yourself.
Robby, listen to me. Keller Zabel's been around a long time.
All right? It's one of the great names in investment banking.
A month, a year, it doesn't matter. We'll be back to 65/70, and I'll be fine.
You just gotta hold it, okay?
You're gonna owe, you know.
Not just the buck, but the margin, too. We're talking another...
Tell me.
You don't want to hear this today.
Robby.
How much?
At least another half a buck.
Give me the okay to sell, buddy.
Right now.
Sell. Sell!
Robby, I got to call you later.
Have you seen Zabel?
Annica, where's Lou?
Not in. Not answering.
Not happy.
Hey.
Lou.
Hey, Lou. How's your day going, huh?
I told you. Good day, I'm okay. Bad day, I'm okay.
Stop bugging me on my feelings. They're irrelevant.
I wanted to come see you face to face and talk about these rumors, you know.
Because it's getting crazy. It's out of control now.
I'm hearing it from all ends.
Our world is all bullshit.
Some TV bubblehead, he gets up there like he knows something.
He sells fear, panic.
And morons, they love it.
They want it to end because it sells.
There's no limits anymore.
Muriel knows how to walk this thing. It's her damn dog.
Lou, I can help. I can get to the bottom of these derivatives.
You just got to tell me.
There's so much you don't know, Jacob.
What? What about the bonus thing? Why now?
Because I know you. You're holding out for something better.
Well, don't. Spend it. Use the money.
Because one day, you're gonna wake up and you're gonna be dead.
Lou, you got to get yourself together, all right?
We're gonna be fine.
No matter how bad this thing gets, we have real equity in this company.
We're gonna get through this.
Marry Gekko's daughter.
Make some kids with her.
And you spend as much time as you can with those kids when they're young
because everything changes. Everything.
I cannot help you if I don't understand what you are talking about.
There's 15,000 jobs on the line right now.
Somebody's after us, right? Somebody's trying to hurt us.
There's a reason this is happening. I need to know how and why.
You know that dream you got about that little energy company in California?
You may not get there, but you hold on to that.
Because everything else is just noise.
It's not just noise. There's 15,000 jobs on the line.
Fifteen thousand people here. That's not noise.
- Are we going under? - I never liked this damn dog.
Louis, are we going under?
You're asking the wrong question, Jacob.
What's the right question?
Who isn't?
China's out.
You said...
I know what I said, Bill.
Two months we negotiated with these pikers.
They pulled out at 7:00 p.m.
So what's new? They're Chinese.
And while they were negotiating, we lost the Koreans.
So you're saying you don't have an out.
No, I'm saying, just give me one week.
We're still talking to the British. And the Arabs are back in,
and this time it's for real.
Lou, we've heard this before.
Jesus. Paul, we lost billions this week.
If the markets don't roll over our paper Sunday night, before Asia opens,
Keller Zabel cannot do business on Monday.
Tuesday, 15,000 people are gonna be out of a job, worldwide!
Lou, you understated the scale of your bad loans.
Your valuations are no longer believable.
After all these years,
you say this to me?
Me?
Three-quarters of the banking houses at this table
are holding the same paper, and you're gonna let Keller Zabel fail?
You're all committing suicide.
What do you say, Harry? Will you come in on this?
Look, if you want us to bail out Keller Zabel,
all of us will have to participate.
Like Long-Term Capital, '98.
And we will need substantial guarantees from the US Treasury.
Bill, I think we should talk privately.
I think that's a good idea, Bill.
Gentlemen, give us a minute.
What about moral hazard, Jack?
We bail out Keller Zabel, who's to say it's not gonna happen again and again?
You vindictive bastard.
Who are you to talk about moral hazard?
I'm sorry, Lou.
The Street needs to make a statement here to the world.
It was eight years ago!
You just can't let it go, can you, Bretton?
All right, Lou, knock it off.
I'd like to speak with you, Bill. Jack.
And Lou.
Separately.
Thirty of our people
have been through the Keller Zabel books for the last three days.
And they still say it's impossible to get to the bottom of this.
This could be a 10-billion dollar hole for us.
Or it could be a 200-billion dollar hole and there's no way we can risk that money
without a backstop from Treasury or the Fed.
You started this, didn't you, Bretton?
I said knock it off, Lou. Or this meeting is over, you hear me?
You're asking us to take a large risk here, Bretton.
What are you offering?
Under these conditions, and assuming
you refine your guarantee,
Jack, Julie and I, and our partners who have been consulted,
are prepared to risk $2 a share.
Two bucks?
Jesus. You're out of your mind.
The stock was trading at 79 a month ago!
Our building alone is worth more than two bucks a share.
Julie.
If only we had more time, Lou.
My board will never accept this.
There is no way I'm gonna sell for two bucks a share.
The government, if we guarantee this deal,
could never justify a high price for your company.
And if you don't sell, Lou, you're in bankruptcy.
This is a public spectacle now.
No, it's a public execution, and you'll be leading it, Bill.
I built this company.
And your exit will help restore faith in it.
Who the hell are you to tell me to get out?
You're out, Lou! One way or the other, you're out.
Then the hell with you!
I'll take my chances in bankruptcy court before I sell to that barracuda.
Then we have nothing more to talk about.
Six.
Three, and that's it. If I can sell it to the board.
Five.
- Three. - All right.
We'll call it an even four, so it don't look so goddamn pathetic.
Three.
And not a dime more.
We have breaking news right now.
Earlier this morning in a New York City subway,
Keller Zabel managing partner
and head of one of the biggest investment firms on Wall Street,
Louis Zabel, 75,
apparently jumped in front of an oncoming train
in front of hundreds of bystanders.
The stock is currently halted, pending news...
Churchill Schwartz is making out like a bandit right now
with government funding.
But Keller Zabel as an independent investment bank is essentially finished.
Tom, this news about Louis Zabel today
comes as a shock to everyone. But how are you holding up there?
The guy was an icon on Wall Street.
I always thought of him as sort of a mentor to me.
So to see this happen under the circumstances that it did happen,
it's devastating.
What's it mean to the employees at Keller Zabel?
I think they've lost their leader. They're going to be...
Frankly, financially, a lot of them are gonna be badly hurt.
This is gonna hurt on so many fronts.
I know it's still difficult to think about it
with this news just coming out about Louis
but you have to wonder what this means for the future of Wall Street.
Another firm gone, it leaves very few players left on the Street.
TOM: One thing I know for sure is
more competition is better than less competition.
I just heard. I'm so sorry.
Will you marry me, Winnie?
Will you marry me?
What's wrong?
It's just something Lou said about not waiting, you know?
And I love you.
Yes.
Yes?
You know, I should tell you due diligence. There's some...
I'm out of a job and probably on the other side of broke, you know.
Awesome.
I'm looking for a home
Where the wheels are turning
Home Why I keep returning
Home Will infect whatever you do
In one of the harshest sentences ever given
to a white collar criminal at that time, in 1993,
he was sent off to Otis Federal Prison for almost eight years.
And so, here in person, I welcome the man himself, Mr. Insider,
Gordon Gekko.
Thank you.
You're all pretty much fucked.
You don't know it yet,
but you're the NINJA generation.
No income.
No job.
No assets.
You got a lot to look forward to.
Blood, buddy. He's gonna be your blood.
Someone reminded me the other evening
that I once said, "Greed is good."
Now it seems it's legal.
But, folks,
it's greed that makes my bartender buy three houses he can't afford
with no money down.
And it's greed that makes your parents refinance their $200,000 house for 250.
And then they take that extra 50 and they go down to the mall.
And they buy a plasma TV, cell phones,
computers, an SUV. And hey,
why not a second home while we're at it? Because, gee whiz,
we all know that prices of houses in America always go up, right?
It's greed that makes the government in this country
cut the interest rates to one-percent, after 9/11.
So we could all go shopping again.
They got all these fancy names for trillions of dollars of credit.
CMOs, CDOs, SIVs, ABSs.
I honestly think there's may be only 75 people in the world
who know what they are.
But I'll tell you what they are.
They're WMDs. Weapons of Mass Destruction. That's what they are.
When I was away, it seemed like greed got greedier
with a little bit of envy mixed in.
Hedge funders were walking home with 50, 100 million bucks a year.
So Mr. Banker, he's looks around, and he says, "My life looks pretty boring."
So he starts leveraging his interests up to 40, 50 to one
with your money.
Not his, yours.
Because he could.
You're supposed to be borrowing, not them.
And the beauty of the deal,
no one is responsible.
Because everybody's drinking the same Kool-Aid.
Last year, ladies and gentlemen,
forty percent of all American corporate profits
came from financial services.
Not production,
not anything remotely to do with the needs of the American public.
The truth is, we're all part of it now.
Banks, consumers, we're moving money around in circles.
We take a buck,
we shoot it full of steroids, and we call it "leverage."
I call it "steroid banking."
I've been considered a pretty smart guy when it comes to finance.
That was fantastic, man.
And maybe I was in prison too long.
But sometimes it's the only place to stay sane
and look out through those bars and say,
"Hey! Is everybody out there nuts?"
It's clear as a bell to those that pay attention.
The mother of all evil is speculation.
Leveraged debt.
Bottom line.
It's borrowing to the hilt.
And I hate to tell you this,
but it's a bankrupt business model. It won't work.
It's systemic, malignant, and it's global.
Like cancer.
It's a disease, and we got to fight back.
How are we gonna do that?
How are we gonna leverage that disease back in our favor?
Well, I'll tell you.
Three words.
Buy my book.
Prices and profits work.
This is the kind of energy we need out there.
You just keep it up.
Mr. Gekko!
- Excuse me for a moment, sir. - Q and A's over, all right?
Buy the book. There's no more free advice.
My name is Jacob Moore. I'm gonna marry your daughter.
Does she know that?
She pretended to.
All right, I'll give you 10 minutes.
I'm a prop trader at Keller Zabel. I specialize in energy with a focus on...
Sorry about Lou.
One of the toughest guys that ever wore shoes.
But when those rumors start...
Yeah. I wish I knew who started this.
I loved him very much.
Like a father.
He got me a scholarship here at Fordham and hired me right out of business school.
Well, no one else in this market's had the balls to commit suicide.
It's an honorable thing to do.
Mr. Gekko, I'm in love with your daughter.
- And I'd be honored...
Why is that funny?
My daughter hasn't spoken to me in years, and you know it.
She blames me for her brother's overdose
and just about every other disaster that's hit this world
since Nintendo.
You don't think it's strange that she's dating somebody from Wall Street?
- Why? - Because she hates it.
You don't think it's funny that she'd fall in love with you?
I bet you don't have one of these.
No. Can I see that?
Yeah.
It's when she was eight.
Can I have a copy of it? She doesn't keep pictures from her childhood.
I don't even know you, you already want something from me, huh?
So what do I get in return?
Don't you want to make a trade?
Yeah, okay. All right.
I'll give you this and you give me another picture of Winnie.
Recent, without you in it.
I don't have one on me.
I guess this is on margin, huh?
It's always been energy.
I've been specializing more and more in clean tech.
It's sort of a passion now.
That's smart. That's the next bubble.
What are you, some kind of energy freedom-fighter?
No, Mr. Gekko. I'm in this game to make money like anybody else.
So what about money, Jake?
You like her?
Do I like...
I've never thought about money as a "she."
Oh!
She lies there in bed at night with you,
looking at you, one eye open.
Money's a bitch that never sleeps.
And she's jealous.
And if you don't pay close attention,
you wake up in the morning, and she might be gone forever.
Respectfully,
Mr. Gekko, I don't want to end up where you are because of money.
Oh, yeah. So marry it instead, right?
What do you mean?
Winnie doesn't have any money.
Right.
Here I thought you were a gold-digger.
Does Winnie know you came to see me?
No.
Well, not exactly. I was gonna tell her.
I don't think that's a good idea, pal.
See, I got a feeling you may want to be seeing me again
and if she knew we had this little pow-wow,
she's not gonna let it happen.
You know what? You're a smart kid.
You should just walk away. You never met me.
I don't understand.
I think...
The man that you loved like a father who threw himself under a subway?
I think you're angrier than you think you are.
And I think you wanna be in the family business.
Which is what?
Payback.
Except I'm not in that business anymore.
Because the one thing I learned in jail
is that money is not the prime asset in life.
Time is.
And your time is just about up.
Winnie needs to get past the pain you caused her.
I caused her?
Look, she wants you back in her life.
She just can't handle it right now.
Okay? Maybe I can help.
Maybe you can, maybe you can. That's what makes the market, Jake.
This is my station.
That is my email address.
By the way, the rumors on Zabel?
Yeah?
It had to be someone with enough clout to be believed,
somebody who made a fortune shorting the stock.
An axe to grind.
Word has it that Bretton James gutted Zabel at the Fed.
Just stuck that knife right into his stomach.
Check out 2000.
The Internet bubble.
Churchill Schwartz, they got hosed.
You know there's fortunes to be made.
Hundreds of millions of dollars betting against this bubble.
Just wish I had a million.
It checks out, baby.
Thirteen banks were approached in 2000 to rescue Churchill Schwartz.
Bretton James' division was over-invested in the Internet bubble collapse.
Each bank was going to put up 100 million, but Zabel said no.
Churchill Schwartz almost went down
but was backstopped by a conglomerate of nine banks.
Okay, so not only did they survive this,
but they came back and ate our fricking lunch.
Moral hazard.
- Unbelievable. - The man's a hypocrite.
Jacob Moore.
-Hey, Jake. - Hey, Doc.
I don't know, Jake. We're on hold here. Now they're telling me...
Hold on just a second. Hold on just a second.
- I'll see you. We'll have drinks. - Okay.
- It's not over. All right, Olaf? - Thank you.
Go ahead, Doc.
They're telling me we have to cut staff.
We went back to Third Boston, and they turned us down.
And since your firm, um...
Listen, I totally understand, okay?
But I think I can keep this thing going with minimal cutbacks.
Look, Jake.
I think we have to have a face-to-face talk with my people, because...
I totally agree, Doc.
It's just that I'm walking into a critical meeting right now. Okay?
But I'll definitely have it on your desk tomorrow a.m., okay?
- Okay. - Okay.
Robby, what do you got?
We got movement definitely on Tuesday of that week.
There was some large shorts from money out of the Cayman Islands.
Something called Locust Fund.
Locust Fund.
What else?
Wednesday, they traded another 500,000 shares.
Monday, two million.
Tuesday, one million more. Total of 3.5 million shares.
These guys made some serious money.
Who is that, though? Who is the Locust Fund?
I don't know. And I don't want to find out. It could be my ass.
It'll be your ass if I tell your girlfriend about the pumps and heels.
Which girlfriend?
Just find out, all right? I got a hunch.
I hope it's better than your last one.
Do I hear revenge here?
It's a dish you stick to cold, pal.
I'm about to serve it up hot, Robby.
I told you. Guinea's pulling the plug.
This dictator, Ojukwa, he says Western bankers are greedy.
- What else is new? - Listen. Okay?
You will not lose on this. Not on this.
Look, if there's one thing I know, it's energy,
and that the Church is gonna get hit on this.
Is this true?
Oh, yeah. I'm telling you, it's gonna happen.
He's definitely gonna nationalize the oil. I promise you.
Are you behind it?
No. Churchill Schwartz is. They got a huge stake.
Can't get behind that size, but you and your boys can.
You should.
All I'm asking
is you rent me this beautiful thing for the weekend, and we're good.
Deal?
Deal. Super deal.
Can he just take over the oil like that?
The guy's out of his mind. He's talking to witch doctors.
He's gonna murder the stock.
I know. That's why you gotta get in.
Jake, that company, Offshore African Oil...
Yeah. Hydra Offshore.
And you're saying Churchill Schwartz is a part of it?
Mmm-hmm.
Over here is gonna be the most expensive item by tomorrow.
It's Alice, in Wonderland.
Churchill Schwartz has a huge position in this thing.
I want to get short that stock.
Churchill Schwartz is behind that?
It's just a rumor. It might take a hit.
Hear about that African deal?
Yeah, I heard they're gonna nationalize.
Churchill Schwartz! Off the floor!
They're creating rumors around the Hydra position.
None of it's true. They're just trying to kill the stock.
Doesn't make any difference what's going on.
Then start another goddamn rumor is what you do.
... short quickly and quietly without everyone figuring out...
I'm convinced what they're after is Churchill,
which has a big position in this stock
because Churchill got the sweetheart deal on Keller Zabel.
Churchill Schwartz has a five-percent position in it.
Who knows? Who's got the inside line on some tin-pot dictator in Africa?
House of pain.
The house of pain!
Hydra Offshore got taken to the woodshed today.
This one's getting beaten like a redhead stepchild.
Down a quick 19% on rumors of oil nationalization...
-No, no!
... in Equatorial Guinea. There's a country for you.
Get them.
The shockwave from this one
extended all the way to investment bank Churchill Schwartz.
Churchill Schwartz down eight percent in pre-market trading.
Home builder confidence falls to a record low in July.
The monthly indicator from the National Association of Homebuilders
dropped for a third consecutive month...
You got your high ceilings.
Bonus playroom upstairs, not that I'm rushing you.
Oh. Here.
This is going to be the sun room. Perfect for reading.
lt'll get great light.
And there's plenty of room for a pool
or a tennis court. See?
What's going on with Rainwater Road, Ma?
I'm showing it tomorrow.
- Yeah? - Yeah.
Sylvia, I think it's lovely.
Long Island always goes up.
Great schools, great shopping, lots of doctors.
Everybody loves it here.
You ought to buy it.
There are quite a few choices on this block.
That's what I love about you, dear. You call it like you see it.
I'd rather have this down payment any day.
Ma, you got three properties.
Two of the loans are resetting in a few months.
You got to sell at least one.
Oh, don't tell me my job, Jacob. There are no buyers out there right now.
The market's soft. Everybody reads the same news.
I just gotta wait it out.
It's like the two Florida properties five years ago.
I didn't get spooked, and I flipped 190 grand from them.
What does Henry say?
Oh, Henry. Forget about him. He's a wimp.
That's done?
Oh, if I listened to Henry,
I would have sold every house way too soon.
He's just like your father was.
No. Dad had bad luck.
He took a shot and he failed. But he took a shot, Ma.
Yeah, and then Jack Daniels took his shot, and he succeeded.
Can we not have an argument about my father every time I come to see you?
So sensitive. Forget I said anything.
God. Defending your father is like defending smallpox.
Look.
The developers are on my ass, okay? I just need you to bridge me.
What about the money from Sagamir Road?
What do you think? I put it into the new properties.
What did you think, it was just gonna shoot up in perpetuity?
Don't patronize your mother, Jacob Lawrence.
Of course I know the risks involved.
Hey, you're buying diamonds. You got the bonus, right?
I remember visiting you when I was young at the hospital after school, thinking,
"How cool is this? My mother is saving lives."
- Don't change the subject. - I'm not changing the subject.
I never saved any lives.
Yeah, but you did something, and that's the point, Mom.
I make more in a month now than I did in my best year as a nurse.
You made a difference.
Listen to the broker preaching making a difference.
That's ironic.
How much?
Two hundred, tops.
You're killing me, Ma!
I'll wire it to you.
Can you stop, please?
You're not doing her any favors.
I know.
And you're not preventing it from happening again.
I'll shut up.
- Yeah? - Guess what?
Your boy, Bretton James?
His assistant just called me and asked if you can see him today.
You're kidding me.
Jake, you have an hour. I told him you were on the island.
Yeah, but I'm in the middle of Friday afternoon traffic.
But he said after hours is okay, because he left his home address.
East 65th Street and Park Avenue, honey. Up to 8 p.m.
Did he sound upset?
Screw him, he destroyed this company.
You waltz in there like Russell Crowe in Gladiator.
Thanks, babe.
Sounds like you're getting your walking papers.
Jake, look, I don't need this ring now.
Just give me one out of a Cracker Jack box instead...
What are you talking about?
Are you crazy? Everything's gonna be fine.
Jake, I grew up with a father who only talked about money.
If you think I want to be with the kind of guy
with his ego invested in his bank account,
you really don't get me.
"I love it," was what I was expecting.
Return it. It makes me uncomfortable.
Okay, Winnie. I'll return it.
Jacob Moore to see Mr. James.
He's expecting you.
Saturno Devorando A Su Hijo.
Goya painted 15 Black Paintings late in his life.
Fourteen of them are on view in the Prado.
That's the missing 15th.
An early sketch for Saturn devouring his son.
Do you collect?
No.
Only the obsessive-compulsive and the insecurely egotistical
feel the need to collect things.
Do you ride?
It's an avocation, yes.
You know the photograph.
Rollie Free, 1948.
He set the world record at 150.
And wanted it so bad he rode naked.
Why, you ride, Mr. Moore?
I'll put it to you this way.
If you rode the rest of your life, right,
and really became the best that you could be,
you would never ride like I ride.
Well, then I look forward to us riding together.
You a bee, Mr. Moore?
A what?
Do you like to sting people?
You cost Churchill Schwartz $120 million last week.
That's not a great deal of money.
But people know Hydra Offshore is ours.
I had dinner with the good Commander Ojukwa in Paris last week.
He has no actual plans of nationalizing any oil fields.
But I guess that doesn't really matter to you.
No, it doesn't.
I checked you out with the desks in town.
You didn't make any money off it.
No, I didn't.
Then why?
Because you destroyed my firm.
Your firm destroyed itself.
You killed Louis Zabel.
Louis Zabel killed himself.
But you set the rumors.
The rumors were true.
You made them true.
No, Mr. Moore.
Putting 50% leverage on toxic debt made them true.
Look, Zabel once knew how to run money.
Dying because of it was his choice.
As far as I'm concerned, it's just money.
But when you don't know what you're doing,
it's fatal, Mr. Moore.
Not knowing what you're doing.
Come work for me.
What?
We fund most of the world's integrated oil companies,
drillers, coal producers, natural gas line providers...
I know who you are.
But where we're a little light
is in alternative energy.
Why me?
Because your loyalty demanded revenge.
Your balls actually attempted it, and your skill pulled it off.
And frankly,
because I'd love to beat the crap out of you on a bike.
Fair enough?
You got my attention, Mr. Moore. That's pretty rare.
If I were you, I'd think seriously about it.
Because you'll have a hard time elsewhere, now that you've captured our attention.
Now, if you'll excuse me, I'm having a little fundraiser.
I got to get back to shaking my tin cup.
What's your number?
I'm sorry?
We'd start you at 300, like everybody else.
I mean, as a partner, I only pull in 600. And the bonuses...
No, no, no.
Your number.
The amount of money you would need to just walk away from it and live.
See, I find that everybody has a number, and it's usually an exact number.
So what is yours?
More.
How did you know it was Bretton James?
Good morning to you, too. Come in.
- Good morning. - You hungry?
No. I'm okay, thanks.
Brett, as I called him in the old days,
used to run trades through me.
We used to piggyback off each other's ideas.
Then we had a little discrepancy. I won't bother you with the details.
Just to tell you that it cost me 200,000 bucks,
which was a lot of money back then.
So when I got hot in the '80s, and I started giving tastes to my friends,
I didn't invite James in, and he didn't like that very much.
So?
So it's no big deal.
But when you're in prison, you got a lot of time to think.
In fact, the best memory that I know is hurt.
I did eight years, pal. Five years before that in court.
Nobody does eight years. They give murderers five.
I thought it was the kid with the airline that gave you up.
Blue Star? Stock Watch? What was it?
- Who, Bud Fox? - Bud Fox.
No, no, no. He got a wire on him. He got me for insider trading.
But that's 12, 13 months, max.
After the first charges, it was one of my co-conspirators who tipped off the Feds.
And that pious piranha, Bretton James,
he had just enough information to sink me.
You know, of course, I'm never going to know it for sure.
He offered me a job.
Well, you just rocketed into the center of the universe, pal.
I think my daughter's future is looking a hell of a lot better.
I never made any money shorting Hydra.
You're kidding me. You didn't trade it?
That would've been insider trading, Mr. Gekko.
Remember, your daughter and I are engaged.
You wouldn't want to soil her name, right?
Well, you may not have traded,
but you try telling the Feds you didn't commit a felony.
- What do you mean? - You know exactly what I mean.
You induced others to trade on information that you knew to be false.
Hard to prove that.
A fisherman always sees another fisherman from afar.
I think you ought to start calling me Gordon.
Well, I promised you this,
Gordon.
Makes us even.
There she is.
But keep this between us, though.
How is that lefty website of hers doing?
- Frozen Truth? - Yeah.
It's doing well, actually. They get about 50,000 hits a day.
- It's building. - Mmm.
She was such a pisser.
Relationships, they're like bubbles.
They're fragile. It's like these tulips.
This is the greatest bubble story of all time.
Back in the 1600s, the Dutch, they get speculation fever
to the point that you could buy a beautiful house on a canal in Amsterdam,
for the price of one bulb.
They called it "Tulip Mania."
Then it collapsed.
You could buy 10 bulbs for $2.
People got wiped out, but, you know, who remembers?
What would you do with your money?
Me? Switzerland. Still the best.
Got a healthy distrust for a big government.
Is that where you keep it?
Yes, I did. Now I don't got that kind of cash anymore.
But you do have money.
This is a rental.
I'm pretty sure James has invested in an offshore fund in the Caymans.
Your time, you ever do anything with some company called Locust Fund?
Locust Fund. I never heard of it, but it's possible. Yeah.
James wants to build his alternative energy sector.
Sounds serious.
I think I can get him to put real capital behind this company I told you about.
United Fusion.
James would probably want to polish his resume a little green.
He's in pole position to be top dog when Julie Steinhardt kicks the bucket,
which, I hear, could be any day now.
This company could change not just the energy market, Gordon, but the world.
Idealism. Idealism, pal, it kills every deal.
The thing you got to know about James is, he's a gambler. You know, like me.
He's got an ego the size of Antarctica. Like me.
So now you got his attention.
How are you going to shine sitting on his sun?
Make him money and melt his ass.
Just like the old days. We slaughtered men for payback.
Maybe it's time for us to do our second trade?
All right. I'll dig around on James and this Locust Fund,
and you see what you can do about
getting Winnie and me back together again.
Well, I never guaranteed she'd forgive you, Gordon.
Why don't we just start with her agreeing to have dinner with you first, huh?
Well, at my age, I'll take anything I can get.
I had two beautiful children.
And then I went away, and I didn't see them much.
My ex made sure of that.
And then when we lost Rudy,
Winnie just shut down on me.
Except for the exceedingly precious
and depreciating asset of time.
Winnie's all I got left. You understand that?
I'll try, Gordon.
Well, try harder. Then you both can have a father.
- He chose this place? - Yeah.
Yeah, we used to come here every Sunday night.
You're going to be fine.
You do know I'm never having sex with you again.
Then what my friends say about marriage is actually true. Five back.
I'm only doing this for you.
No, baby. You're doing this for you. Come on.
MAN: Taxi!
Hi.
Hey.
Mr. Gekko.
Jacob Moore. We spoke on the phone.
Yeah.
Okay.
Drinks?
No.
What about you? Heineken?
Yeah, sure.
Let me guess. The ginger-garlic lobster.
I used to order that every time.
I guess so.
I checked out that website.
Frozen Truth. It's impressive.
Thanks. We work hard at it.
Although, there was a bullshit blog
blaming the current administration for the entire mess that we're in.
I don't think that's the truth.
I agree with you.
You do?
Yeah. Jack Salmon wrote it...
Graydy.
Congratulations. Great to see you. You're doing great work down there.
- Um. Thank you. Thank you so much. - Gordon. Gordon Gekko.
Nice to see you. Thanks so much.
I'm sorry. I can't do this.
Winnie!
Why did you make me do that, Jake?
You don't understand. This is none of your business.
It is my business. Stop for a second. Look at the real man in there.
He's hurting. He's desperate to get you back in his life.
He's not who you think he is, Jake!
People change. It was a long time ago. Winnie.
He'll hurt us.
Don't go back in there.
Are we really going to lead with this Babaco Solar?
It's a hustle, Bretton. I passed on it twice within the last two years.
They spin a sexy story
with these super-thin cadmium telluride semiconductors,
but the truth is, the technology is not proprietary...
We've been over this, Bretton. You are unbelievable, Moore.
Babaco is a cow. It's dead in the water.
The Chinese aren't stupid. They're not going to go for it.
Yeah, a cash cow maybe.
They've been saying fusion is five years away for the last 40 years.
It is. Laser fusion is the future.
Can you prove that, boy genius?
Can you prove evolution, girl genius? That seems to work, though, right?
Look, knock it off. Both of you.
These guys are parking 15 billion across the board in energy sectors
and I want them here, okay?
Carol's taking the lead on this. Our recommend is Babaco. That's final.
Go ahead. I'll take you to dinner some other time.
Oh, eat me, Moore.
Babaco is at the forefront of developing thin film technology
to incorporate solar cells into pliable plastic sheets.
We believe that within the next few years we can approach the 20% level
making it a perfect match for the explosion of growth and energy needs,
which, as you know, is growing at 40%.
Thin film technology is the breakthrough here.
And in 2010,
thin film is going to surpass crystalline silicon.
And that's about it.
- Go ahead. - So, with the world energy demand
growing 40% in the next 20 years,
we at Church believe, Mr. Xu,
that Babaco Solar is a cutting-edge no-brainer.
Good for a 20% return in the next two years
with a 30 to 40% upside in the next five years.