1
[Taylor] Previously on Billions
I get we're in a game
that requires us to win.
I got tired of beating
up on the defenseless.
There are things they were
comfortable with at Axe Cap
that we will never do here.
You think that I let
the Attorney General
stick his hand up my ass and
run me like a sock puppet.
I'm just glad I got out of there
before I had to get
caught up in any of that.
Oh, I'm really glad
to see you here tonight,
in that Brioni suit, which is the mark
of the lawyer who is
successful at everything
that doesn't really matter.
There's no shame in not
being able to hack it
at the highest levels of the real game,
but the revisionist history,
that's for your wife at home
not for the man who
fucking knows better.
We put out this fire by
sucking oxygen out of the room.
I'm glad to continue to renew
[Taylor] Axe got to all of the bankers.
Winston and the quant team have
a huge stat arb opportunity
that I'm gonna have
to leave on the table
if we don't lock in
leverage by end of week.
Mm.
Can I get the box?
This is working for me.
Please?
You once told me you knew people who
switched it up.
But that's not Chuck,
not his arousal template.
[Troy] For him it's not a game.
It's rooted deep.
They are trying to hang
you from the yardarm.
Make them defend instead of attack.
All I want is vengeance,
and it will be had.
And we all know what I need to do it.
A perch.
If you try to again put yourself
in a position of public trust,
I will be forced to let
slip the dogs of war.
"I am chomping at the bit to
be your next Attorney General"!
- Yes!
- [cheers and applause]
[dramatic music]
[Bruce Springsteen's "Atlantic City"]
Well, they blew up the chicken man
In Philly last night
Now they blew up his house, too
Down on the boardwalk
They're gettin' ready for a fight
Gonna see what them
Racket boys can do
Now there's trouble busin'
in from outta state
And the D.
A.
can't get no relief
Gonna be a rumble
out on the promenade
And the gamblin' commission's
Hangin' on by the skin of its teeth
Well, now, everything dies, baby
[Axe] Where are we at?
[Hall] Couldn't establish
internal surveillance.
Fuck.
We knew Taylor wasn't gonna leave a key
- under the welcome mat.
- Who set up their security,
fuckin' George Smiley?
No.
Someone else.
I know him by reputation.
He's a good man.
Thorough.
[Hall] I didn't come
entirely empty handed.
Mason Capital's remote logins
haven't been given
adequate scrutiny yet.
They will soon, no doubt, but for now
It's not what you wanted, but
MaseCap's positions and trading pattern.
Can we do anything with that?
We can use size to soak up the alpha.
It's not a body blow,
maybe not even worth the effort.
No, we can do something with that.
Unsettle 'em.
Throw 'em off their game.
[Wendy] Buy up the price on names
they want to increase their size in.
Costing them upside
and picking tiny little
percentages off their profits.
It'll be like the old water torture
drip, drip, drip.
Like the Japanese in W.
W.
II.
Even though the Chinese invented it
No they didn't
Then why is it called
'Chinese Water Torture?'
[Axe] Taylor will try to ignore it.
Tell themselves that it's
just a few bips here or there.
But it won't work.
Their need for mathematical perfection
will erode their well-being.
Then a real mistake can be induced.
If you ever get tired
of working for him, call me.
Oh, she's not going anywhere.
She's right, you know.
The Chinese didn't invent it.
Hippolytus de Marsiliis did,
an Italian.
[elevator dings]
[upbeat music]
- Morning, Peach.
- [woman] Morning.
[clears throat] Take a look.
[thumb drive beeps]
Lock in all these positions,
Big Gulp size.
Excuse me, Axe.
There are other plays that
would yield more upside.
Yeah.
We're limiting the
upside for someone else.
Oh.
Exciting.
And a little scary.
[Dollar Bill] Well they
blew up the chicken man
In Philly last night
And they blew up his house too
[Dollar Bill] Out on the boardwalk
They're gettin' ready for a fight,
wanna
- Stop it.
- See what
[sighs]
I got chicken business with you.
[grunts]
[telephone rings in distance]
What do you know about the Chicken Man?
[dramatic music]
[chickens cluck]
What's the thing?
Arkansas Chicken Index.
You know?
Given that Arkansas is a
major chicken producer,
and you getting so geeked you
broke out the Boss for us,
I'm assuming it's an
important fucking index.
It's a market mover.
The numbers dictate the price.
And Chicken Man's the guy who puts out
[Axe] the Arkansas Chicken Index.
'Zactly.
Latest numbers land today.
We need to be long.
Because there won't be any chickens?
It's better than that.
There's plenty of chickens.
And the early chicken
action is counting on that.
But Chicken Man will say that
there's very few chickens.
And the price will skyrocket.
Why will he say that?
'Cause he's supposed to drag his ass out
to multiple farms and production houses
to get an accurate count.
But the guy's Otis of Mayberry.
[Dollar Bill] So he'll go to one or two,
[Dollar Bill] to make an appearance,
but that's it,
[Dollar Bill] he's not counting shit.
[Dollar Bill] What the guy does is,
he sits there
[Dollar Bill] on his couch and calls
[Dollar Bill] a few of the
major poultry producers
[Dollar Bill] and just asks
them for their numbers.
Yeah, I need to get
a report on the birds.
And they say their numbers are low
- 'cause it keeps the prices high.
- Right.
It's like a teacher letting
a kid grade his own tests.
If the Chicken Man is wrong,
why does he get to stay the Chicken Man?
Because he's wrong in the way
the producers want him to be.
They installed him.
And they keep him in place.
He's a chicken patsy.
I assume you've got a solid source.
[Wags] How do you know
the Mobilized Meals gal?
How do you know where
to find mustache wax?
If it's crucial, you get it done.
What does he eat?
She says he's partial to chicken.
Bill
what's your level of certainty?
I am not uncertain.
Size up the position.
Could mean a 300 million dollar win.
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