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1
00:00:01,303 --> 00:00:03,897
At the peak of my form, lady.
2
00:00:07,843 --> 00:00:09,674
Good night, Nettie.
3
00:00:15,885 --> 00:00:18,046
Would you order the car
to be out front?
4
00:00:18,220 --> 00:00:19,915
Yes, madame.
5
00:00:20,089 --> 00:00:22,683
I think I'll go down
to the office for a while.
6
00:02:30,452 --> 00:02:33,148
Fewster, let me tell you
the reason I'm here.
7
00:02:33,322 --> 00:02:35,916
You know all about Winterchem,
and you know Winterchem...
8
00:02:36,091 --> 00:02:40,619
... depends a great deal on its connection
with Borough National Bank.
9
00:02:40,796 --> 00:02:43,765
I've been very concerned about
Borough National Bank's stability.
10
00:02:43,932 --> 00:02:48,369
Mr. Winters, the fact
that I am the bank examiner...
11
00:02:48,537 --> 00:02:52,906
... I'm not allowed to discuss any findings.
12
00:02:53,075 --> 00:02:57,068
I hired a private detective.
I hired him to check on you because...
13
00:02:57,246 --> 00:03:02,513
On me? You hired him
to check on me personally?
14
00:03:02,684 --> 00:03:06,916
I happen to know...
15
00:03:07,089 --> 00:03:10,525
... that you took
a very low-interest loan. Am I right?
16
00:03:10,692 --> 00:03:14,321
For the purchase of a house
from First New York.
17
00:03:14,496 --> 00:03:16,623
Is that correct, Mr. Fewster?
18
00:03:17,466 --> 00:03:19,525
This low-interest loan, Mr. Fewster...
19
00:03:19,701 --> 00:03:24,195
... some people might consider it
to be unethical.
20
00:03:26,141 --> 00:03:29,907
Others, even as a bribe.
21
00:03:30,946 --> 00:03:33,244
And of course, that would be criminal.
22
00:03:33,816 --> 00:03:39,015
You're asking for information
that concerns something bigger...
23
00:03:40,222 --> 00:03:42,087
... than Borough National Bank.
24
00:03:42,257 --> 00:03:46,023
Fewster, I guarantee you...
25
00:03:46,829 --> 00:03:48,922
... you'll have my protection.
26
00:03:49,298 --> 00:03:51,789
Now you just tell me what you know.
27
00:03:55,504 --> 00:03:57,597
I discovered...
28
00:03:59,575 --> 00:04:04,979
... an account, 21214.
29
00:04:06,381 --> 00:04:09,407
Mr. Winters, is the tape machine running?
30
00:04:10,819 --> 00:04:12,252
Yes.
31
00:04:13,021 --> 00:04:15,080
Please, sir, turn it off.
32
00:05:40,809 --> 00:05:42,709
London branch.
33
00:05:49,318 --> 00:05:52,014
They're rolling over 90 million!
34
00:06:35,297 --> 00:06:38,494
I think we can all go home
and get some rest now.
35
00:06:40,469 --> 00:06:42,437
- Night, guys.
- Night.
36
00:06:42,604 --> 00:06:44,299
Good night.
37
00:06:45,974 --> 00:06:50,308
Why only 90 million?
What about the other 5?
38
00:06:52,414 --> 00:06:58,683
We're gonna pay the balance of 5
to First New York. Account 21214.
39
00:07:00,289 --> 00:07:04,055
Do me a favor, will you?
Get me all our Saudi records.
40
00:07:23,578 --> 00:07:25,273
Look at this slippage.
41
00:07:25,447 --> 00:07:27,938
All over the last couple of years.
42
00:07:28,116 --> 00:07:31,483
Every month, 8 million,
7 million, 7 million...
43
00:07:31,653 --> 00:07:36,590
...all to that same account number,
21214, First New York.
44
00:07:39,027 --> 00:07:41,154
Could be anything.
45
00:07:41,630 --> 00:07:44,531
An adjustment in the general portfolio
or loans.
46
00:07:45,300 --> 00:07:47,768
Be nice to know more about that account.
47
00:07:55,277 --> 00:07:57,575
I'll worry about it later.
48
00:08:00,215 --> 00:08:01,546
Jesus, what a night.
49
00:09:01,977 --> 00:09:05,276
I feel like the sack of Carthage.
50
00:09:12,487 --> 00:09:15,251
What happened at the bank last night?
51
00:09:23,365 --> 00:09:27,529
You act like a man who just had
a reprieve from the electric chair.
52
00:09:52,294 --> 00:09:55,593
No, I don't think it can wait
until you come to New York.
53
00:09:57,032 --> 00:10:00,399
Mr. Fewster, I can come
to Washington today to see you.
54
00:10:00,969 --> 00:10:04,302
Well, I'd like to see you today
if that's possible.
55
00:10:06,475 --> 00:10:09,706
Well, where would you like to meet?
I can meet anywhere you want.
56
00:10:10,479 --> 00:10:12,413
In a parking lot?
57
00:10:13,748 --> 00:10:15,716
No, that's fine.
58
00:10:17,519 --> 00:10:19,817
Brown station wagon.
59
00:10:20,889 --> 00:10:22,914
What's the license number?
60
00:10:25,694 --> 00:10:27,924
Would 2:00 be all right?
61
00:10:28,697 --> 00:10:33,225
Thank you very much. I appreciate it,
Mr. Fewster. Thank you. Yes.
62
00:10:36,004 --> 00:10:38,666
Kay, cancel my 1:00.
I'm gonna take the noon shuttle...
63
00:10:38,840 --> 00:10:42,503
...to Washington. And would you have
a car reserved for me at the other end?
64
00:11:14,242 --> 00:11:18,042
- Mr. Fewster?
- Mrs. Winters, please get in.
65
00:11:23,718 --> 00:11:25,948
I'm sitting on something.
66
00:11:26,955 --> 00:11:28,855
I'm sorry.
67
00:11:30,325 --> 00:11:31,986
Do you always meet people like this?
68
00:11:32,160 --> 00:11:34,060
I don't meet people at all.
69
00:11:34,229 --> 00:11:37,687
Not prime customers of the bank
I've just examined.
70
00:11:38,066 --> 00:11:41,866
I'm sorry you insisted
on coming down here, Mrs. Winters...
71
00:11:42,037 --> 00:11:43,868
...because I can't tell you anything.
72
00:11:45,807 --> 00:11:49,106
I need to know what you told my husband
about Borough National.
73
00:11:49,277 --> 00:11:51,177
I told him nothing.
74
00:11:51,346 --> 00:11:53,405
Mr. Fewster...
75
00:11:53,682 --> 00:11:55,047
...I found the tape.
76
00:11:56,651 --> 00:11:59,051
Now, there's enough on that
to get you in trouble.
77
00:11:59,220 --> 00:12:01,745
But there's not enough to help me,
and I have to know.
78
00:12:01,923 --> 00:12:03,686
I have to know if the bank is rocky...
79
00:12:03,858 --> 00:12:06,725
...if it's losing money.
- It isn't money.
80
00:12:06,895 --> 00:12:10,228
It's where the money is going. And...
81
00:12:10,398 --> 00:12:14,095
...I can't talk about it.
- Well, at least give me your worksheets...
82
00:12:14,269 --> 00:12:16,567
...your notes, your...
- I can't.
83
00:12:16,738 --> 00:12:19,832
They'd know where you got it
in five minutes.
84
00:12:22,744 --> 00:12:26,111
Look, if it's... If it's your job
you're worried about...
85
00:12:26,281 --> 00:12:30,081
...Winterchem will find you something.
- You don't understand.
86
00:12:35,924 --> 00:12:37,824
All...
87
00:12:38,360 --> 00:12:44,629
All I knew was that Borough National
was in trouble, that it had...
88
00:12:44,799 --> 00:12:49,463
...something to do with this account
and some Arab Eurodollars.
89
00:12:49,938 --> 00:12:51,166
But...
90
00:12:51,339 --> 00:12:55,776
...what I didn't know was
how big this must be.
91
00:12:55,944 --> 00:12:59,436
How desperate they are
to keep it all secret.
92
00:13:01,516 --> 00:13:03,313
Because...
93
00:13:06,154 --> 00:13:09,055
...when I started to follow up on it...
94
00:13:09,658 --> 00:13:12,320
...I was told that...
95
00:13:12,494 --> 00:13:15,361
...it was a confidence factor...
96
00:13:15,530 --> 00:13:20,968
...that 21214 was a sensitive area. And...
97
00:13:22,937 --> 00:13:24,905
- What?
- Well...
98
00:13:25,073 --> 00:13:27,871
...I got offered a loan...
99
00:13:29,844 --> 00:13:33,007
...at a very low interest.
100
00:13:35,684 --> 00:13:37,515
A bribe...
101
00:13:39,521 --> 00:13:41,614
...which I took.
102
00:13:42,757 --> 00:13:45,055
God help me.
103
00:13:49,931 --> 00:13:51,728
So...
104
00:13:51,900 --> 00:13:54,425
So, Mrs. Winters,
we're not just talking about my job.
105
00:13:54,602 --> 00:13:59,096
- We're talking about prison or worse.
- Worse?
106
00:13:59,908 --> 00:14:03,173
Mrs. Winters, please, just leave it.
107
00:14:03,344 --> 00:14:06,507
I can't leave it. I need your proof.
108
00:14:06,815 --> 00:14:10,478
Your husband couldn't leave it,
and look what happened to him.
109
00:14:10,752 --> 00:14:12,549
Charlie?
110
00:14:14,456 --> 00:14:18,256
Are you...? Are you saying this
had something to do...
111
00:14:18,426 --> 00:14:21,554
...with Charlie's death?
- I don't know.
112
00:14:23,898 --> 00:14:28,028
I don't know. I don't know.
I can't be sure.
113
00:14:28,203 --> 00:14:30,933
But he found out,
and he died, didn't he?
114
00:14:31,106 --> 00:14:35,600
Mrs. Winters, Mrs. Winters,
they're all over me, and I... I...
115
00:14:37,779 --> 00:14:40,475
If I tell them you came to see me,
what happens to you?
116
00:14:40,648 --> 00:14:44,880
And if I don't, what...?
What happens to...? To me?
117
00:14:45,653 --> 00:14:47,177
l...
118
00:14:52,193 --> 00:14:53,421
I thought...
119
00:14:53,595 --> 00:14:57,691
I thought it was all over
when I took the bribe.
120
00:15:01,803 --> 00:15:04,294
But it's never gonna end...
121
00:15:06,841 --> 00:15:08,433
...is it?
122
00:15:11,246 --> 00:15:13,111
Mrs. Winters.
123
00:15:15,817 --> 00:15:20,379
There's a Dunkin' Donuts
in the Rockville Shopping Center.
124
00:15:21,623 --> 00:15:23,250
I'll meet you there at 4:00.
125
00:15:23,992 --> 00:15:27,086
I'll need some time to get my notes.
126
00:15:29,063 --> 00:15:31,293
This is going to be over, Mr. Fewster.
127
00:15:31,466 --> 00:15:33,297
I promise you.
128
00:15:33,468 --> 00:15:35,436
It's gonna end.
129
00:17:15,570 --> 00:17:17,162
All right. Stand by.
130
00:17:54,042 --> 00:17:56,340
- Hello, Mr. Smith.
- Sam...
131
00:17:56,511 --> 00:17:58,638
...I left some papers
up in Mr. Emery's office.
132
00:17:58,813 --> 00:18:01,941
- No problem. I'll sign you in.
- Thanks.
133
00:20:05,840 --> 00:20:07,671
- Anything up?
- No.
134
00:20:07,842 --> 00:20:09,707
Have a good night.
135
00:20:23,224 --> 00:20:26,057
That's one of the rewards
of working at night, no phone calls.
136
00:20:26,227 --> 00:20:28,195
- Good evening, Henry.
- Evening, Mr. Emery.
137
00:20:28,362 --> 00:20:32,594
You've got a hectic week ahead of you,
there's the IMF conference. Johnson's...
138
00:21:26,251 --> 00:21:28,776
That's one of his problems.
We take count.
139
00:21:28,954 --> 00:21:31,946
Europe development speech
is next Thursday.
140
00:21:52,844 --> 00:21:56,541
Not this year. Mrs. Emery's
taking care of the Girl Guides.
141
00:21:56,715 --> 00:21:58,512
That's enough scouting.
142
00:22:04,756 --> 00:22:06,348
Tell George that when he writes...
143
00:22:06,525 --> 00:22:09,187
...that community trust speech
he can forget Adam Smith.
144
00:22:09,394 --> 00:22:10,656
I know it was enough.
145
00:22:18,637 --> 00:22:21,970
I don't understand how we could've
been so wrong on interest rates.
146
00:22:22,140 --> 00:22:25,906
Warren went long on bonds again,
tried to cover himself.
147
00:22:28,480 --> 00:22:32,348
I'll accept his being wrong
but not his refusal to admit it.
148
00:22:32,784 --> 00:22:36,151
- You gonna talk to him about it over lunch?
- A drink should do it.
149
00:22:36,321 --> 00:22:38,721
Maybe Chase can afford him. We can't.
150
00:22:38,890 --> 00:22:43,054
- Just part of the image.
- What about that little list of yours?
151
00:23:01,713 --> 00:23:05,046
- I'm not gonna need you tonight, William.
- Yes, ma'am.
152
00:23:11,389 --> 00:23:13,186
Hub?
153
00:23:14,426 --> 00:23:15,916
Hey.
154
00:23:16,094 --> 00:23:17,755
I'd just about given up on you.
155
00:23:18,196 --> 00:23:21,791
- Oh, thank God you're home.
- Yeah, where you been?
156
00:23:37,148 --> 00:23:39,981
- Oh, just hold me.
- Oh, I was getting worried about you.
157
00:23:40,151 --> 00:23:44,110
- Just hold me.
- Tell me if you're okay.
158
00:23:46,091 --> 00:23:48,616
Something awful happened in Washington.
159
00:23:48,793 --> 00:23:51,626
What were you doing in Washington?
160
00:24:05,443 --> 00:24:08,469
It was an accident. You know,
one of those close calls.
161
00:24:10,815 --> 00:24:12,908
I feel so silly.
162
00:24:15,687 --> 00:24:17,985
I think I need a drink.
163
00:24:18,156 --> 00:24:20,954
While you're at it, get one for me.
164
00:24:33,605 --> 00:24:36,938
Scotch on the rocks with a twist.
165
00:27:15,934 --> 00:27:19,233
Mr. Emery there? Hub Smith calling.
166
00:27:22,140 --> 00:27:25,132
No. This won't keep. Can't you find him?
167
00:27:28,113 --> 00:27:30,411
Look, I have to talk to him.
168
00:27:30,582 --> 00:27:33,608
If he calls in, tell him...
169
00:27:36,054 --> 00:27:40,354
Tell him we've got to
talk about 21214...
170
00:27:40,592 --> 00:27:43,220
...before anything else happens.
171
00:27:46,030 --> 00:27:47,827
That's right...
172
00:27:48,933 --> 00:27:52,061
...21214.
173
00:27:55,473 --> 00:27:59,000
I can't speak for the president
of the United States.
174
00:27:59,177 --> 00:28:02,169
He runs his shop. I run mine.
175
00:28:02,781 --> 00:28:04,840
But I'll tell you this.
176
00:28:05,416 --> 00:28:07,475
Bankers are more dependable
than governments.
177
00:28:07,652 --> 00:28:09,586
We don't lie to ourselves.
178
00:28:09,788 --> 00:28:11,221
We can't afford to.
179
00:28:11,389 --> 00:28:13,414
Isn't that right, Hub?
180
00:28:14,959 --> 00:28:16,620
I'd like to think so.
181
00:28:16,795 --> 00:28:19,286
We've just been joined by
a most distinguished banker.
182
00:28:19,464 --> 00:28:22,126
About 20 years ago,
he sat where you are...
183
00:28:22,300 --> 00:28:27,533
...drinking in my words with the same
skepticism that I see on some of your faces.
184
00:28:27,739 --> 00:28:31,903
How do you account for the fact
that for 30 years after the Depression...
185
00:28:32,076 --> 00:28:35,011
...there hasn't been
a single major bank failure?
186
00:28:35,180 --> 00:28:36,807
Now there's one every 18 months.
187
00:28:36,981 --> 00:28:39,745
Herstatt in Germany.
Franklin National here.
188
00:28:41,152 --> 00:28:47,148
The international character of banking today
makes everyone vulnerable to everything.
189
00:28:47,325 --> 00:28:51,421
Somebody sneezes in Zurich,
we say gesundheit in New York.
190
00:28:52,030 --> 00:28:54,123
The important thing to realize is...
191
00:28:54,299 --> 00:28:56,767
...that everything is interconnected.
192
00:28:56,935 --> 00:28:59,301
We're all in this together.
193
00:29:01,873 --> 00:29:05,639
- This is Hub Smith with Borough National.
- Professor Aikens, it's a pleasure.
194
00:29:05,810 --> 00:29:10,144
Will you excuse us for a few minutes?
I'll catch up with you later.
195
00:29:10,315 --> 00:29:12,943
Well, you're a surprise.
196
00:29:21,426 --> 00:29:25,419
People will start talking about us, fella.
What are you doing?
197
00:29:27,799 --> 00:29:31,132
As a matter of fact, right now
I'm trying to keep my temper.
198
00:29:32,403 --> 00:29:35,304
See, after that flutter we had
at Borough National yesterday...
199
00:29:35,473 --> 00:29:39,773
...there was one Saudi Eurodollar deposit
that didn't roll over.
200
00:29:40,545 --> 00:29:43,878
It was transferred instead
to First New York.
201
00:29:46,351 --> 00:29:50,981
So I went over and had a little talk with
your computer about that stray 5 million.
202
00:29:53,191 --> 00:29:55,386
You set me up, Max.
203
00:29:57,228 --> 00:29:59,628
You didn't want me
to save Borough National.
204
00:29:59,797 --> 00:30:03,358
You just wanted me to keep them afloat
for you to siphon off that Arab money.
205
00:30:03,768 --> 00:30:06,168
You've been doing it for months.
206
00:30:07,171 --> 00:30:08,399
Is that a fact?
207
00:30:08,573 --> 00:30:10,598
Don't dance with me, Max.
208
00:30:10,775 --> 00:30:15,235
You have 21214 listed
as a foreign-exchange account.
209
00:30:15,413 --> 00:30:18,610
But you don't buy other currency
with those dollars. You buy gold.
210
00:30:18,783 --> 00:30:22,514
But you have to do it slowly because
if anybody finds out what's going on...
211
00:30:22,687 --> 00:30:26,646
...the dollar will drop, and all the Saudi
investments over here won't be worth shit.
212
00:30:26,824 --> 00:30:30,760
You're being a little wild and woolly here,
aren't you, fella?
213
00:30:30,929 --> 00:30:33,329
There have been some
perfectly normal transactions...
214
00:30:33,498 --> 00:30:35,796
...that wouldn't raise an eyebrow
anywhere.
215
00:30:35,967 --> 00:30:39,368
Borough National is just the tip
of the iceberg, isn't it, Max?
216
00:30:39,537 --> 00:30:42,938
I checked the inflows in 21214.
217
00:30:43,641 --> 00:30:45,905
There are billions coming in
on a regular basis...
218
00:30:46,077 --> 00:30:50,605
...from Arab and OPEC accounts you
control in at least 15 other banks.
219
00:30:52,250 --> 00:30:54,810
You're moving the Arabs into gold.
220
00:30:56,354 --> 00:30:59,517
- You're taking them out of the dollar.
- That isn't a crime.
221
00:30:59,691 --> 00:31:02,489
It isn't against the law.
It isn't even a conspiracy.
222
00:31:02,660 --> 00:31:04,525
Just a routine banking operation.
223
00:31:04,696 --> 00:31:08,894
And if we didn't handle it, they'd
find a lot of other people who would.
224
00:31:09,067 --> 00:31:11,797
Goddamn it, Max.
You don't just do this on your own.
225
00:31:11,970 --> 00:31:13,995
You go to the Comptroller
of the Currency...
226
00:31:14,172 --> 00:31:17,767
...the Federal Reserve Board,
the secretary of the Treasury.
227
00:31:17,942 --> 00:31:22,003
- You call the president, for chrissake.
- And start a real panic?
228
00:31:23,381 --> 00:31:26,214
Have you ever seen anyone
in government keep his mouth shut...
229
00:31:26,384 --> 00:31:29,046
...about anything for five minutes?
230
00:31:29,220 --> 00:31:30,551
Go ahead. Call the Treasury.
231
00:31:30,722 --> 00:31:33,850
Call the Comptroller. But I'll tell you
what's going to happen.
232
00:31:34,025 --> 00:31:38,394
When the Arabs learn that word of what
they're doing is out, they may panic...
233
00:31:38,563 --> 00:31:41,760
...move a big chunk of funds
too fast or the wrong way.
234
00:31:41,933 --> 00:31:45,391
Really destabilize the monetary markets.
235
00:31:45,603 --> 00:31:47,537
Then the dollar will collapse.
236
00:31:48,172 --> 00:31:52,006
Whereupon there'll be a lot of jawboning
by the president, and that won't work.
237
00:31:52,176 --> 00:31:55,373
Then they'll go to selling gold,
and that won't work either.
238
00:31:55,546 --> 00:31:59,141
Then they'll have to go to capital
controls. Freeze foreign assets...
239
00:31:59,317 --> 00:32:03,981
...stop any money from going in or out,
and that will be the end of all the markets.
240
00:32:04,155 --> 00:32:08,489
That will really be the finish. Then you'll
see a worldwide depression that'll...
241
00:32:08,659 --> 00:32:10,718
...make the 1930s
look like a kindergarten.
242
00:32:10,895 --> 00:32:14,228
In two months, you'll have breadlines
in Detroit, riots in Pittsburgh.
243
00:32:14,399 --> 00:32:18,301
In six months, you'll see grass
right over Rodeo Drive.
244
00:32:18,469 --> 00:32:20,300
And Michigan Boulevard
and Fifth Avenue.
245
00:32:20,471 --> 00:32:22,735
And I won't have done it, Hub, you will.
246
00:32:24,675 --> 00:32:28,907
All because you tried to stop a movement
that couldn't be stopped anyway.
247
00:32:30,048 --> 00:32:31,879
Listen to me, Hub.
248
00:32:32,050 --> 00:32:37,420
Money, capital has a life of its own.
249
00:32:37,588 --> 00:32:40,921
It's a force of nature, like gravity.
250
00:32:41,092 --> 00:32:45,461
Like the oceans.
It flows where it wants to flow.
251
00:32:45,630 --> 00:32:49,930
This whole thing with the Arabs and gold
is inevitable. We're just going with the tide.
252
00:32:50,101 --> 00:32:51,568
The only question is...
253
00:32:51,736 --> 00:32:55,695
...whether you want to let it go
like an unguided missile and raise hell...
254
00:32:55,873 --> 00:32:59,365
...or whether you want to keep it
in the hands of responsible people.
255
00:32:59,544 --> 00:33:02,377
Keep it channeled, keep it quiet.
256
00:33:02,547 --> 00:33:06,608
Believe me, Hub.
The dollar will hold. Believe me.
257
00:33:06,784 --> 00:33:10,845
The system will be fine,
providing nobody panics.
258
00:33:19,630 --> 00:33:21,530
I'm looking at you, Hub.
259
00:33:25,870 --> 00:33:27,360
Well...
260
00:33:27,705 --> 00:33:31,163
...l've listened patiently to
your somewhat fantastic story...
261
00:33:31,342 --> 00:33:34,334
...with one puzzling question in mind.
262
00:33:34,512 --> 00:33:37,606
If you wish to say something
to the Arabs, say it.
263
00:33:37,782 --> 00:33:39,249
Why come to me?
264
00:33:39,617 --> 00:33:41,278
Because you know how to get to them.
265
00:33:41,452 --> 00:33:44,944
Sometimes. If they wish to be gotten to.
266
00:33:45,123 --> 00:33:50,083
And exactly what is it I'm to tell them?
267
00:33:50,795 --> 00:33:52,786
That I...
268
00:33:53,030 --> 00:33:57,023
...know that they're involved
in a secret financial manipulation...
269
00:33:57,201 --> 00:33:59,635
...and that they want it kept secret.
270
00:34:00,771 --> 00:34:04,867
And so I'm prepared to trade,
Mr. Naftari, my silence...
271
00:34:05,042 --> 00:34:07,374
...in exchange for Winterchem.
272
00:34:07,545 --> 00:34:09,479
But you have Winterchem.
273
00:34:09,647 --> 00:34:12,207
Our contract has to be renegotiated...
274
00:34:12,383 --> 00:34:15,216
...so that if Borough National
goes under...
275
00:34:15,386 --> 00:34:18,753
...I don't lose my company to the Saudis.
276
00:34:19,290 --> 00:34:22,350
My silence is the only leverage I have.
277
00:34:22,894 --> 00:34:24,953
Forgive me...
278
00:34:25,129 --> 00:34:30,066
...but silence about what?
Some secret financial manipulation?
279
00:34:30,234 --> 00:34:33,203
You expect them to believe me
if I use those words?
280
00:34:33,371 --> 00:34:36,135
Just tell them 21214.
281
00:34:42,847 --> 00:34:47,784
You realize, of course, that they may reject
your whole story as preposterous.
282
00:34:47,952 --> 00:34:49,749
They may not even wish to discuss it.
283
00:34:49,921 --> 00:34:52,185
I'll take my chances.
284
00:34:52,723 --> 00:34:55,487
If they don't get back to me,
they'll have to take theirs.
285
00:34:57,728 --> 00:35:00,219
There's something else
they should know.
286
00:35:00,631 --> 00:35:03,794
While I've spoken to no one about this...
287
00:35:04,569 --> 00:35:08,801
...l've taken the precaution of putting
the evidence I have in a safe place.
288
00:35:09,774 --> 00:35:13,608
Very well, then. I will pass it on.
289
00:35:15,179 --> 00:35:18,706
I so enjoyed your work in films,
Mrs. Winters.
290
00:35:20,117 --> 00:35:22,483
What a pity you decided to give it up.
291
00:36:13,070 --> 00:36:14,298
Hello?
292
00:36:14,472 --> 00:36:17,703
Sorry, partner, I missed
the damned 5:00 shuttle from Boston.
293
00:36:17,875 --> 00:36:19,968
I just got into LaGuardia.
294
00:36:20,144 --> 00:36:23,671
Why don't you go ahead.
I'll catch up with you at the opera.
295
00:36:24,282 --> 00:36:26,216
Listen, you're tired.
296
00:36:26,384 --> 00:36:29,683
Why don't you just finesse it.
It's only a benefit.
297
00:36:30,254 --> 00:36:32,586
Well, I am pretty whacked.
298
00:36:34,525 --> 00:36:36,720
Go on home. I'll call you tomorrow.
299
00:36:36,894 --> 00:36:40,489
- You swear?
- In blood.
300
00:36:40,831 --> 00:36:43,800
Hey, maybe we can get off somewhere
by ourselves this weekend.
301
00:36:43,968 --> 00:36:47,199
Just the two of us. Alone.
302
00:36:50,675 --> 00:36:54,406
- Call me. Okay?
- Okay.
303
00:37:18,102 --> 00:37:21,936
Nettie, first thing tomorrow I want
all the locks in the house changed.
304
00:38:13,157 --> 00:38:15,148
Changed my mind.
305
00:38:22,099 --> 00:38:25,398
Mrs. Winters is not here.
306
00:38:25,569 --> 00:38:28,504
That's okay, Nettie, I'll wait for her.
307
00:38:58,402 --> 00:39:00,893
- Hello?
- Is Mrs. Winters there?
308
00:39:02,006 --> 00:39:03,735
I'm afraid she's out for the evening.
309
00:39:03,908 --> 00:39:08,242
Well, then could you give her a message,
please? I'm calling on behalf of Mr. Naftari.
310
00:39:08,412 --> 00:39:11,210
He asked me to say he's been in touch
with the other party...
311
00:39:11,382 --> 00:39:16,251
... in regards to the 21214 matter,
as Mrs. Winters requested.
312
00:39:16,420 --> 00:39:19,480
And they suggest a meeting
at 11 tomorrow.
313
00:39:19,657 --> 00:39:22,319
Eleven tomorrow. I'll tell her.
314
00:39:35,673 --> 00:39:37,607
Hi, Mr. Smith.
315
00:41:22,146 --> 00:41:23,841
Excuse me.
316
00:41:29,019 --> 00:41:31,954
Okay, what the hell have you been
playing with Sal?
317
00:41:35,526 --> 00:41:37,494
I have nothing to say to you.
318
00:41:38,495 --> 00:41:41,362
What do you know about 21214?
319
00:41:42,099 --> 00:41:44,659
- Enough.
- Enough what?
320
00:41:45,369 --> 00:41:47,303
Enough to protect myself.
321
00:41:47,471 --> 00:41:50,338
- Against what?
- Against you.
322
00:41:52,209 --> 00:41:55,144
Borough National can go under.
You're not taking me with it.
323
00:42:00,884 --> 00:42:03,182
I'm through depending on you, Hub.
324
00:42:04,154 --> 00:42:07,317
I went to the Saudis.
I'm cutting my own deal.
325
00:42:08,425 --> 00:42:11,087
Sorry, partner.
I guess I just lost confidence.
326
00:42:11,962 --> 00:42:14,726
- Do you know what you've done?
- What I've done?
327
00:42:16,200 --> 00:42:18,100
- Smile.
- What?
328
00:42:18,268 --> 00:42:19,530
Smile.
329
00:42:40,991 --> 00:42:43,357
I have to go. Have a nice evening.
330
00:43:29,640 --> 00:43:30,902
Leave me alone.
331
00:43:34,745 --> 00:43:36,838
Get out! It's not your driver! Get out!
332
00:43:37,514 --> 00:43:38,981
Get out! He's not your driver!
333
00:43:39,950 --> 00:43:41,315
Get out!
334
00:43:45,622 --> 00:43:47,715
Lee, are you all right?
335
00:43:56,767 --> 00:43:58,098
I didn't know.
336
00:43:59,269 --> 00:44:01,328
I swear to God, I didn't know.
337
00:44:22,893 --> 00:44:24,861
Yes, Emery here.
338
00:44:29,733 --> 00:44:32,793
What? Not possible. They couldn't.
339
00:44:33,504 --> 00:44:36,837
Everything that goes to them
clears through me, personally.
340
00:44:37,007 --> 00:44:40,067
I'm afraid the matter
is out of my hands now, Mr. Emery.
341
00:44:40,978 --> 00:44:45,039
Whatever they're planning
is out of yours too.
342
00:44:48,085 --> 00:44:51,646
- It's not the children?
- No, no. Business.
343
00:44:52,790 --> 00:44:54,519
Absolute nonsense.
344
00:45:52,983 --> 00:45:54,610
Okay.
345
00:45:55,853 --> 00:45:58,447
The Arabs yanked every penny
they had with us.
346
00:45:59,323 --> 00:46:02,986
They hit all the other outfits too,
so it's across-the-board.
347
00:46:03,160 --> 00:46:06,152
Every bank in the country is gonna be
struggling for liquidity...
348
00:46:06,330 --> 00:46:09,128
...trying to cover those cash withdrawals.
349
00:46:10,267 --> 00:46:11,564
We're dumping everything.
350
00:46:13,570 --> 00:46:18,132
Treasury bills, bonds, Fannie Maes,
commercial papers, we want it all sold.
351
00:46:19,943 --> 00:46:24,004
Fed Funds, Eurodollars, borrow
whatever you can find up to 200 million.
352
00:46:24,481 --> 00:46:28,008
Foreign exchange, no positions.
Bullion, grab what you can get.
353
00:46:28,619 --> 00:46:30,314
All right, let's hit it...
354
00:46:31,989 --> 00:46:33,820
...and pray.
355
00:46:49,473 --> 00:46:51,998
Maybe we could try to borrow
in Frankfurt...
356
00:46:54,144 --> 00:46:55,668
...or Zurich.
357
00:46:57,581 --> 00:46:59,344
Swiss International owes us a favor.
358
00:47:00,284 --> 00:47:02,149
It's over, Roy.
359
00:47:03,854 --> 00:47:07,722
Twenty-nine percent for three-month
money with no nibbles.
360
00:47:07,891 --> 00:47:12,351
- We may have to go to 30.
- The market's starting to react already.
361
00:47:12,963 --> 00:47:16,455
One large bank is bidding 27 percent
for six-month Eurodollars.
362
00:47:16,633 --> 00:47:19,033
Dollar down 4 percent
against the sterling.
363
00:47:19,202 --> 00:47:21,966
I'm running low on contracts.
I need contracts!
364
00:47:22,139 --> 00:47:26,007
One thousand!
Gold jumped $ 100 in 30 seconds.
365
00:47:26,176 --> 00:47:28,576
Dollar down by 5 percent
against the franc.
366
00:47:30,314 --> 00:47:32,214
Borrowers stepping up the bids.
367
00:47:32,382 --> 00:47:35,180
Fed doing another round
of repos at 30 percent.
368
00:47:35,352 --> 00:47:37,377
The customers wanna know
what's happening.
369
00:47:37,554 --> 00:47:39,488
Do I tell them what we're doing?
370
00:47:39,656 --> 00:47:42,318
Tell them anything, Barney,
except what we're doing!
371
00:47:46,463 --> 00:47:48,897
Stock market's off 75 points.
372
00:47:49,066 --> 00:47:52,194
The dollar's depreciated 10 percent
and moving down.
373
00:47:52,369 --> 00:47:55,770
They even yanked the Eurodollar
deposits that weren't due.
374
00:47:55,939 --> 00:48:00,399
First New York is practically down
the tubes, and gold just went over 2000.
375
00:48:02,379 --> 00:48:04,210
By tonight, that'll be cheap.
376
00:48:20,530 --> 00:48:22,122
Hi, Virginia. It's me.
377
00:48:23,367 --> 00:48:26,427
I want you to listen
and listen very carefully.
378
00:48:27,504 --> 00:48:31,873
As soon as you hang up,
I want you to go to the closet...
379
00:48:32,542 --> 00:48:36,410
...take the suitcase
and get to the bank.
380
00:48:40,250 --> 00:48:43,083
It began eight days ago
when a group of Arab investors...
381
00:48:43,253 --> 00:48:45,847
... withdrew billions of dollars
from U.S. banks.
382
00:48:46,023 --> 00:48:49,220
That, in turn, started a chain reaction
on the world money markets.
383
00:48:49,726 --> 00:48:54,663
Dollars, pounds, marks, francs, yen,
not one currency escaped.
384
00:48:54,865 --> 00:48:58,665
This scene, outside a Manhattan bank
was duplicated all over the world...
385
00:48:58,835 --> 00:49:01,861
... as people saw their life savings
become worthless...
386
00:49:02,039 --> 00:49:03,438
... in a matter of hours.
387
00:49:03,607 --> 00:49:05,507
Good evening. I'm George Page
in New York.
388
00:49:05,675 --> 00:49:09,873
And this is another in our series of reports
on the world economic crisis.
389
00:49:10,047 --> 00:49:12,242
The growing paralysis
of the industrial world...
390
00:49:12,416 --> 00:49:15,442
... has left millions without jobs,
without money...
391
00:49:15,619 --> 00:49:17,143
... and without hope.
392
00:49:17,320 --> 00:49:20,118
Crowds of unemployed
poured into Washington yesterday.
393
00:49:20,290 --> 00:49:23,453
They stood in silent protest
before the nation's leaders.
394
00:49:23,627 --> 00:49:27,393
At the same time, more than
a million people packed St. Peter's Square...
395
00:49:27,564 --> 00:49:30,328
... where the pope urged
calm and nonviolence.
396
00:49:30,500 --> 00:49:33,128
The pontiff asked for prayers
for world leaders...
397
00:49:33,303 --> 00:49:35,931
... prayers and peace and reason.
398
00:49:36,206 --> 00:49:39,835
But the last 24 hours
have been marked by growing protests...
399
00:49:40,010 --> 00:49:41,637
... and ever-increasing violence.
400
00:49:41,812 --> 00:49:44,713
Last night, demonstrators burned
American currency...
401
00:49:44,881 --> 00:49:46,348
... in front of the White House.
402
00:49:46,516 --> 00:49:50,418
And attempts to put out the fires
led to a confrontation with police.
403
00:49:50,587 --> 00:49:53,317
Every hour,
from every corner of the globe...
404
00:49:53,490 --> 00:49:57,790
... there are new reports of outraged crowds
demanding action.
405
00:49:57,961 --> 00:50:00,054
A bankrupt world
seems to be teetering...
406
00:50:01,665 --> 00:50:03,292
... on the very edge of anarchy.
407
00:50:48,211 --> 00:50:51,237
And now for continued coverage
from around the world.
408
00:50:51,681 --> 00:50:54,411
A statement was issued
from the OPEC meeting today...
409
00:50:54,584 --> 00:50:57,781
... that the leading oil-producing nations
would resume oil exports...
410
00:50:57,954 --> 00:51:01,321
... as soon as the international
monetary markets have stabilized.
411
00:51:01,791 --> 00:51:05,557
The panic has spread across political
and philosophical boundaries.
412
00:51:05,996 --> 00:51:09,796
The U.S.S.R. and the developed
Eastern European Communist countries...
413
00:51:09,966 --> 00:51:12,298
... dependent on Western trade
and capital...
414
00:51:12,469 --> 00:51:15,870
... have witnessed the same riots
that have taken place in the West.
415
00:51:16,506 --> 00:51:19,304
The economic summit conference
will be attended by leaders...
416
00:51:19,476 --> 00:51:21,808
... of the West, the East
and the Third World.
417
00:51:21,978 --> 00:51:25,778
Said one, "There is a need
for unity of purpose and resolve...
418
00:51:25,949 --> 00:51:28,816
... unequaled since the end
of World War II. "
419
00:51:29,819 --> 00:51:34,347
At this time of crisis, there has been
a turning to the past as well as the future.
420
00:51:35,058 --> 00:51:39,290
Words spoken by Franklin D. Roosevelt
in the depths of the Depression...
421
00:51:39,462 --> 00:51:41,293
... were quoted in the Senate today.
422
00:51:42,232 --> 00:51:45,099
"This is preeminently the time
to speak the truth...
423
00:51:45,268 --> 00:51:47,133
... frankly and boldly.
424
00:51:47,304 --> 00:51:51,400
Nor need we shrink from honestly
facing conditions in our country today.
425
00:51:51,975 --> 00:51:54,808
This great nation will endure
as it has endured...
426
00:51:54,978 --> 00:51:57,105
... will revive and will prosper.
427
00:51:57,480 --> 00:52:02,884
We face our common difficulties. They
concern, thank God, only material things.
428
00:52:03,787 --> 00:52:06,585
Each age is a dream that is dying...
429
00:52:06,756 --> 00:52:09,088
... for one that is coming to birth. "
430
00:53:28,938 --> 00:53:30,769
I've been worried about you.
431
00:53:33,376 --> 00:53:34,934
How are you?
432
00:53:35,345 --> 00:53:37,176
Like everybody else.
433
00:53:38,348 --> 00:53:40,748
Looking for a way to begin again.
434
00:53:46,289 --> 00:53:48,917
You're gonna need a partner.
435
00:57:02,485 --> 00:57:04,476
[ENGLISH]
36485
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