"♪" "[Muffled voices]" "The truth is, on Wall Street a lot of people just weren't very good at their jobs." "It started out 16 months ago as a mortgage crisis and it slowly evolved into a credit crisis." "We ask about the taxpayers being on the hook, guess what?" "an unusual step for a lame duck president, but the country..." "Trying to be free market advocate when it's really an "anything goes" mentality." "On Friday, Congress finally passed and President Bush signed into law..." "Begin to restore strength and stability will buy out Wall Street's bad investments." "A full-blown financial storm." "In just 6 months, 3 of the 5 biggest independent firms on Wall Street have now disappeared." "numbers are staggering they don't begin to explain the greed and incompetence that created this mess." "No regulation, no supervision, no discipline." "Terrible debt that was gnified by reckless borrowing and complex securities." "The idea that you could lend money to someone who could not pay it back is not an inherently attractive idea." "I don't know why this company's coming to Congress." "However it seemed to fly with people who were making" "$10 million a year." "They think they can take that money and do whatever they wanna do." "They decide to punish the country." "Neel Kashkari, the man in charge of the bailout." "We're supposed to be with the smartest investors in the world and they did it themselves." "I would call it criminal neglect and incompetence." "They're certainly not worth it." "Instead of helping consumers with mortgages and loans." "People at the top of these firms chose to look away, to take more risk to enrich themselves and it is truly a crime." "What's our risk?" "12 billion." "But we have a real situation here, our clients are about to jump ship." "The problem is saving this company, not the clients." "This company!" "We shifted 4 billion into deposits, which leaves us with 8." "But that move only buys us a few more weeks, at best." "I talked to Meryl, they said they'd ensure the paper for two weeks but they want 200 million to do it." "Two weeks is nothing, we need two months at least." "No, it's time for triage." "It's time to dump the certificates on the market, all of them." "What about the pension fund investors?" "We're talking over 15 billion." "But if other houses follow suit," "Our priority is saving this house and fuck all the others!" "Our responsibility begins and ends with our partners and our shareholders and that's it." "Investors gamble, they lose, that's the risk that they agreed to take." "why should they complain when they lose money on the market?" "Shit happens, now dump it!" "Dump it all right fucking now!" "Even after we dump the stocks we're still far too exposed and we've got no parachute here." "I'm gonna take care of that." "Charlotte?" "with the secretary of treasury?" "Will do." "Today." "Understood sir, today." "Thanks." "[Chattering]" "You heard Stancroft, the entire company's in jeopardy." "Yeah, with 51 million in his pocket... and you know as well as I do, this is bullshit." "This is Stancroft and his fucking pissing contest with his goddamn pluggers." "but we don't really have a choice, do we?" "All right people, listen up!" "All right, I've got some great news for you guys." "In the next three days we are gonna increase your incentives by 3 percent." "But I need you to get on the horn and get all your top clients and really push the real estate growth superfund." "As well, you will be receiving a memo in the next couple minutes detailing all the products that we need you guys to unload." "Whoever sells the most gets the largest bonus." "All right, let's go people!" "Move it!" "Get those numbers!" "Sell, sell!" "[Chattering]" "Hey girl." "Hey boy." "The good news, as we can see here, is that the tumors are completely gone." "That's the good news." "Not bad news, just simply less than good news." "which is why we're seeing a recurrence of your symptoms." "But you got everything, right?" "Yes, we see this on occasion." "Even though the tumors are gone, as it were as though the tumor were still there." "Hormone injections once a week, that's the first thing." "It's a tricky balancing act, we'll have to monitor your levels until we find the right mix." "Also, your blood sugar level has sky rocketed." "Again, as a result of the gland's reaction to the tumor, so we'll have to treat you for diabetes." "But she's going to be all right?" "Oh yes, we just have a bit more ways to get you there, that's all." "What about, um... we were..." "We were planning on getting pregnant before the diagnosis." "At this particular time, it would be an extremely high-risk pregnancy, both for you and the baby." "but once we get you to acceptable levels with treatment, which lowers the risk, then by all means yes." "There's a new gene therapy that certain patients have responded well to, which could get us to normalcy faster." "It's a little on the experimental side," "Sign us up, doc." "Yeah." "Excellent!" "I know it's difficult but try hard to relax and not to worry, it only adds stress to your system." "Okay?" "Thank you." "Thanks doc." "You're welcome." "It seems as if your coverage cap limit has been reached." "Coverage cap limit, what's that?" "It's standard among many insurers, you really should call them." "But regarding today, we'll need payment" "Oh, okay... well we can call in later to reschedule, we'll talk." "No, no, no... fine, we'll uh... we'll use the card." "I'm sure it's some kind of mistake." "If I can get my wallet out of my pocket... there you go." "There." "Are you sure you wanna use the card?" "Am I sure?" "Not really." "[Laughing]" "Just call them." "So, should we keep next Tuesday then?" "Yeah, why don't you just call in and we can..." "Okay." "Thank you!" "Thanks." "Thank you!" "Bye." "Thanks." "Coverage cap?" "This is the first time it's ever been mentioned to me." "Now listen, I'm on the phone to you guys at least a hundred times this year... someone should've said something." "Sir, it's clearly stated in the..." "I've been buried in a metric ton of paperwork from you guys" "Now, I can't be expected to catch every line of fine print from every letter." "I work 6, 7 days a week." "It's company policy, sir..." "I get that it's company policy but that's got nothing to do..." "I'm sorry, there's nothing more we can do for you at this point." "So what you're saying is go fuck yourself, have a nice day." "I sincerely doubt you're at all apologetic." "You're not supposed to be, right?" "Mr. Baxford, I'm very sorry." "[Crying]" "Sorry." "Oh, baby..." "Jim, it's just... it's useless." "Don't say that." "It is, I mean, I'm just..." "I'm stuck here and I can't work and I'm sick all the time, and you've been working so hard..." "I'm working for us." "Jim, I read the invoice and hormone treatments, they cost $300 a shot." "That's on top of all the other medication and then the gene therapy, they could be anywhere from" "50,000 to 70,000, and if the insurance doesn't cover it..." "I'm not, I can't let you spend our whole life savings." "Stop, stop!" "Stop." "Listen to me, we need the treatments, you need to get well." "Once we get well we can have our baby and live the life we wanna live, okay?" "Okay, good night." "Good night." "Hey girl." "Hey boy." "What's it look like I'm doing?" "Hey... we're not supposed to get pregnant yet." "We can practice." "Yeah..." "Yeah?" "Jim, I love you so much." "Dude, that sucks!" "There's an actual coverage cap on the insurance, that means that there's really literally like, a limit to how much you can spend on Rosie per month for her medical?" "it says if you get too sick and it's too expensive, they stop fucking paying." "I was planning on having by the time I was 60." "I guess if I get sick I'd be better off swallowing my own gun." "Rosie's worried out of her fucking mind." "So what are you gonna do?" "I got some money tucked away, army disability, stuff like that." "I'll call my broker." "I hear the market's shit right now man, what are you invested in?" "Structured notes, whatever's safest." "Fuck, I hope so bro." "I'll call in the lunch." "Fuck." "I'm not making enough." "What up you lazy bastards?" "What'd you do, just roll out of bed?" "It's Jim Baxford." "No, no... second shift." "Lunch for you, breakfast for us." "Just sit down and shut up, we already ordered for you." "Tom gets the cheeseburger, Jim... chili." "Cold chili, and he's always surprised, you know?" "But he always finishes." "[Laughter]" "Give me a couple of days, call the office." "Oh uh, what's going on with my funds?" "Uh..." "Jim, look I really gotta..." "I'm in a..." "I'll talk to you in a couple days..." "Hello?" "That's what he meant, that's what he was thinking about." "Fucking hell." "Hey man." "Fucking asshole." "My broker, phone keeps dropping out." "Everybody's cheesed about their broker these days." "Frank and me just learned that we have lost 20 percent of our pension." "Gone, like watery piss in the wind." "I don't know, bad investments on the part of idiots like us." "to some of those administration meetings." "Those meetings are bullshit!" "Our administrators only do what's good for them, no matter how many people go to those goddamn meetings, they should call it collective ball scratching." "You know what me and Freddy do with our day?" "We bust homeless people for sleeping in the park, or uh... we bust some stupid shmuck for jaywalking, but the real fucking criminals, they're downtown on Wall Street, wearing suits that cost more than any of us make in a year." "And those mother fuckers steal more money than any asshole on Riker's Island ever dreamed of stealing, and if they get caught, which they won't get caught, but if they did they'd get an ankle bracelet" "and put under house arrest." "In their mansions where the hookers come to you." "Yeah and they spend the night." "Well the expensive kind of hookers that you want to spend the night," "Wall Street hookers." "Wall Street... pow, pow!" "Fuck those guys you know what I mean, fuck them." "Yeah, you guys are doing a real good job of cheering my buddy up over here." "Oh, we're just talking shit, Jim." "I'm sure you'll be all right." "Hey fellas, the usual?" "I didn't order fries, that's his." "All around." "Beef for you." "Where's my chili?" "It's coming!" "My fucking chili." "[Laughter]" "Make sure it's warm." "It's freezing cold." "Great." "I don't know why we come here, the food sucks." "But the site's good." "At least it's warm." "That's true." "How's Rosie doing, Jim?" "She's hanging in there." "It's been a tough year, you know?" "She's a fighter." "Give her our best." "Yeah." "She's a trooper that one, Rosie." "She's a good girl." "How's your wife?" "Great." "She's cheating on me." "What?" "If you guys need anything else, just give me a holler." "What happened?" "I'm a cop, I got married, it's inevitable." "It is." "How did you find out?" "I read her text messages." "Erotic reading, let me tell you." "Well what are you gonna do?" "whoever he is, or to thank him from the bottom of my heart for keeping her occupied and off my back." "It's a real conundrum here." "Now, can we just talk about something else, huh?" "Talk about his girlfriend." "Who, yours?" "I heard on the news and they were talking about who you'd wanna have sex with, right?" "A., your wife or B., before he could even answer, she could... blah!" "[Laughter]" "I fucked it up." "[Laughter]" "Husband and wife are laying in bed... the wife says to the husband, "listen, when I die would you get another woman in my bed?"" "He says, "uh... yeah."" "She says "uh, well will you marry her?", he says "well, maybe"." "She says, "will you let her use my golf clubs?", he says "no!" "She's left handed"." "[Laughter]" "You guys wonder why you're divorced," "Hey, you know you did it right Jim, you didn't marry a cop's wife." "You married a girl you actually love." "Yeah, I hear that." "She's a keeper that Rosie, for sure." "Cheers to you guys." "Cheers." "Jim and Rosie." "Simon Johnson, could you highlight for our viewers the plutocratic capturing of American politics?" "Well there are several examples..." "Robert Rubin, co-chairman of Goldman Sachs serves as treasury secretary under Clinton, and when he leaves he becomes chairman" "Jon Corzine, governor of New Jersey, head of NF Global..." "John Snow, secretary of treasury under Bush, leaves to become chairman of Cerberus Capital Management, a very large private equity firm that also has Dan Quayle" "Allan Greenspan, head of the Federal Reserve leaves to become a consultant..." "[Clears throat]" "Hey girl." "Hey boy." "How you feeling?" "A little better." "Good." "Mostly responsible for deregulating financial derivatives and then proceeds to make millions of dollars in hedge funds that invest in those very same derivatives that he deregulated." "Henry Paulson, CEO of Goldman Sachs leaves Goldman Sachs to join the Bush government as secretary of treasury with a 50 million dollar..." "I have a treatment tomorrow, can you make it?" "Absolutely." "And about the payment, uh..." "Babe, we gotta use the cards until we can get this thing fixed." "Jim, they just raised the interest rate on the cards and I've already put some bills on there, so..." "Babe, it's all right." "Well it's just you've been working so hard lately, and..." "I know, I know... what choice do we have?" "I'm doing this for us." "Okay." "You coming to bed?" "In a minute." "All right." "Chris Dodd, chairman of the banking committee in the Senate, collected 13 million in campaign funds." "Apparently..." "Ahh... ahh!" "Ouch..." "All right, see you next week." "Let's get outta here." "Jim..." "What the hell's going on?" "but your note's been d-listed from the exchange." "D-listed, what does that mean?" "There's an investigation going on right now." "Into what?" "An investigation into some investment portfolios." "It looks like a significant portion of your fund was diverted into paper that is, well... a little suspect." "Meaning, you don't know..." "No, no I don't." "No one knows right now." "You're my broker, it's what you do." "How could you put my money into anything suspicious?" "I only invest in clean deals but it seems the firm itself is behind all this." "Look, I can't really tell you anything else." "This thing is a legal snowball." "Look, we'll just have to wait until the investigation is through but it..." "I mean it seems that your investment was good and as it should be but then everything lost its value." "The question is did the firm have knowledge that your original investment was bad?" "You just said you only deal in clean deals." "I do." "I do but I'm the player here, okay?" "Not the whole game." "You're not the only one hurting because of this." "the investments of a lot of unfortunate people..." "Unfortunate?" "!" "Unfortunate people?" "You told me, you promised me" "I'd make 8 to 10 percent of my investment, guaranteed." "Yeah, and that is what my firm told me." "Look, I..." "I searched it out, I did my research, my office manager told me to put my clients into this." "What else did you put the money in to?" "Notes backed by commercial real estate." "I mean look, these looked like great buildings..." "I checked the specs, I did the research, they looked like they'd be at full capacity, okay?" "Did you, did you inspect these buildings?" "Did you inspect these properties?" "The people that do all the research told me that this was the real deal." "So what do we do now?" "We'll get some information regarding the investigation and..." "look, I'm telling you it's gonna take a while though, before this whole thing is clear." "You're telling me I've lost all my money." "No, not necessarily." "There's gonna be some large lawsuits." "I just want my money back." "Jim, that's not how investment works." "I mean, you gotta pay to play." "This is not a fucking game to me, this is my fucking life savings to me, you fuck." "Look, I understand." "Hey, I feel your pain, I do." "I lost a lot of money too." "But that's how investment works, man." "I'm sorry." "It gives and it takes away." "Yeah, how are we doing with these sales?" "We're at 20 percent." "I totally agree but the price is falling." "Oh, Jesus." "The price is falling to where, nothing?" "but our clients are starting to question our credibility." "Well that's good, some things never change." "All right, you keep me posted." "Rosie?" "Sorry I'm late, I had to cover for one of the guys at work." "Everything okay?" "Yeah, it's fine." "You know you can tell me, you know." "I know." "The bank called." "They did?" "What'd they say?" "I don't know, the machine picked it up." "The message said they needed you to call or get down there as soon as possible." "Our mortgage, our interest rate, something like that." "I mean, I was gonna call..." "I'll take care of the bank." "I'll call them tomorrow." "And there's this." "It's from my broker." "Jim... what's going on?" "Baby, nothing's going on." "Please, you gotta stop worrying." "Let me take care of the small stuff, all right?" "You need to get well." "Okay, I'm gonna go draw a bath, play some music, light some candles." "Light some candles?" "Yeah, you should join me." "All right." "Okay." "Jim, I don't know what to tell you." "You're the one who said put my money in bullshit real estate." "It says right here that I am now liable for another 60 grand." "Are you out of your fucking mind?" "Jim, I told you, no one saw this coming." "I'm gonna sue you." "Okay just calm down, we'll get to the bottom of this." "I need you to cover me for a couple days." "No worries, man." "More problems?" "Yeah, something's come up." "No she's fine, I've gotta take care of a few things." "Okay, take care buddy." "All right." "So you invested and you lost, now they want more money to cover expenses and losses." "I'll file a lawsuit, simple." "So I won't have to pay the 60 grand?" "I'll make sure you don't have to pay the 60,000 or any of the interest they're laying on top of that, but... your original investment, you'll have to talk to the ADA about that." "I think... your ma would join that case." "Better fucking bet your life I will." "Now then, I work on a retainer basis so I'll need 10 thousand dollars in advance to file a civil complaint." "10 grand, I ain't got 10 grand." "No problem, lots of lawyers work for cheap." "Look Jim, I'm not dealing with your investment." "It looks like there has been a crime, and the DA's office is dealing with that." "Now if this is true, I'd be happy to assist you if you decide to sue for damages." "But we have to start by filing this complaint for injunctive relief to protect you from the 60,000 demand and the interest it's going to accumulate." "I'm sorry Jim, but I'm looking at over 40 hours of work on your case." "Come back when you've got the 10 grand, that's my minimum." "You can borrow the money or get a credit card but that's the best I can do." "Somewhat ironically I'm like investing." "With attorneys, you usually get what you pay for." "I'll see what I can do." "Call me!" "Or not..." "You all right?" "Yeah, hanging in there." "Hey, is that back door supposed to be open?" "How you been man?" "Hey, what's up man?" "Any hold up today?" "[Laughter]" "Same old shit, different day." "they expect you to pay 60 grand now?" "It's happening all over, I lost 18,000 in a mutual fund, college money for my son." "Yeah, my folks lost their nest egg." "I'm fucked." "Why, you don't have $60,000?" "What do you fucking think?" "You got family you could borrow from?" "Not an option." "but I could scratch up a few bucks." "Yeah, we could take up a collection with the guys." "Guys, guys..." "I'm just gonna refuse to pay it." "We gotta get to the job." "Lunch is on me, all right?" "Allow me." "Thanks guys, I appreciate it." "Look, hang in there." "It can only get better." "Yeah." "Change?" "It's for you, sweetie." "Thanks." "Later." "Jim..." "I got uh... 10 grand I can loan you." "Please Jim, listen to me man." "Sean, forget about it." "Look, I don't have a girlfriend, I don't have a family," "I don't have anything..." "okay?" "Please, let me help you out, it would mean a lot to me." "I might take you up on that, pay this lawyer." "Just hang in there." "It's called an adjustable rate for a reason, when the housing market changes... so do the interest rates, that's how that works." "Listen, uh... my premiums have doubled in the blink of an eye," "I'm not gonna be able to keep up at this rate." "Yeah, you got a favourable deal when you signed." "The terms of which was that a specified point in time the interest rate would reflect the market." "Can we refinance?" "Well your net worth has taken a significant hit over the last few days and your wife, she hasn't worked for a year or so, right?" "Yeah, she got sick." "But in light of all of that, refinancing wouldn't be prudent for our bank at this time." "So you're shafting me?" "No, no... it's not me, it's the guidelines handed down from above." "If it were up to me, I would help you out." "Uh, you could always try to sell your house." "I can't sell my house is this market." "I'm sorry, I don't know what else to tell you." "You could declare bankruptcy, a lot of people do that." "Fuck you." "That's a fair response, I suppose." "Hey!" "Hey." "You at the bank?" "Yeah." "Well what was it about?" "Like I said, don't worry about it." "All right?" "Mmmhmm." "Good." "Ahh..." "I knew you'd have no problems coming up with this." "I got it from a friend." "It will and then I'll see if I can find other investors who got burned on this and put together a collective lawsuit." "Collective ball scratching." "What's that?" "It's just a joke." "Not funny, I guess." "Don't underestimate the power of a large group when it comes to asking for damages." "I hope so." "So what do I do about this letter demanding 60 grand?" "I'll contact the other party," "I will let them know I am your attorney and that you will not be paying." "You know, there may be another way out of this." "You take the fall on this but it could end all this drama for you instantly." "Would you be willing to write off your initial investment and walk away if these guys let you out of the 60,000?" "It's something you should consider." "It could be years before the real estate market bounces back." "If for some reason I can get the court to grant injunctive relief to stop these guys, years of interest on this claim against you." "This motion, it's gonna work right?" "Most likely, but nothing in law is for certain." "I'm just offering this as an option but if they're willing to let you play ball and back off, then you can put it all behind you." "It'd be nice, huh?" "Okay, don't think about it for too long, the time to act is now." "You just paid me, I can either file the complaint as planned or I can try and negotiate directly with them but I need to do one or the other." "I need a day." "Half a day would be better." "All right, I uh..." "I got a meeting with the assistant district attorney today." "Oh yeah, good." "I'll put that in the letter." "Thanks." "Let me know what happens." "I'm sure I double checked the schedule when you called doesn't have time in his schedule for you today." "I'm sorry, I can leave him a message if you'd like." "Well um, maybe you can answer a few questions for me." "I'm afraid that I wouldn't be any help with anything." "I'm not even a legal secretary, I'm just an assistant." "Just the assistant, that's your excuse?" "Do you have any idea what's going on here?" "Have you heard of my name at all?" "No, I'm sorry sir." "No, I don't." "You haven't." "Myra, coffee please." "I need to speak to you." "Mr. Marwood!" "Mr. Marwood is very busy." "Please, I'm gonna have to ask you to leave." "I need to speak to him." "Don't make me have to call security." "I am security, you fucking bitch." "Get your fucking hands off me." "So... how did it go today?" "The bastard didn't have time for me." "You had an appointment, man." "Yeah." "You gonna be okay?" "You have reached the voicemail of Patterson Law Group, please leave a message after the tone." "These bastards, they never answer their fucking phones." "Hey uh... about the money, seriously... don't even worry about paying me back." "It ain't no thing but a chicken wing, man." "I appreciate that." "I've done everything, I went to the DA," "I went to the lawyer..." "fucking banks." "The system's rigged motherfucker!" "Come on, you know that shit." "Yeah." "Yeah it is." "Let's go get some alcohol, make the pain go away." "Perhaps the best example of how this all works is in the AIG bailout." "When AIG went bankrupt..." "Listen lady, I've left him a ton of messages, a ton." "He's the guy in charge of prosecuting the brokerage houses, right?" "Yes, that's one of many cases." "Well I need to speak to him urgently, like right now." "100 cents on the dollar was paid to the Goldman Sachs debtors." "When a firm goes bankrupt you don't expect to get a hundred percent of those dollars because it's a bankrupt firm, it can't pay its debts." "[Crying]" "Thank you." "You can expect to get maybe 50 cents on the dollar, but no... the American taxpayer pays Goldman Sachs" "100 cents on the dollar and all those... were also secretary of the treasury." "[Crying]" "The occupy Wall Street protests, a few thousand people, I do not understand why the American people are not up in arms about this." "These are criminal acts, this is blatant fraud and conflict of interest." "There's no government investigation, charges have been laid, one's even looking into it!" "And yet all the information is there in the open to see." "These are criminals walking in our midst." "And now the banks want the same piece of faith that we have in our government." "The banks have been trading with ideas, they just have derivatives and swaps that move back and forth." "This has to stop, this can't go on." "We have to underpin our dealings with actual wealth, not pieces of paper that are simply ideas from rich men." "Hey baby." "Hey." "What are you doing here?" "You got treatment this morning, right?" "I know, I cancelled it." "Our cards, they declined last time and the... the debt people, they've been calling the house, so I called the bank and..." "I know what's going on." "We're broke, aren't we?" "We had all of our money in that fund and it's... it's gone, isn't it?" "Jim..." "Jim, it's okay." "I understand, you... you were just protecting me." "It'll be okay." "I'm gonna get the money back, I'm gonna fix this." "Oh God, this has been so hard on you." "You're getting gray hair and wrinkles all because of me." "It's gonna be all right, you're gonna be all right." "No, I'm not." "But it's okay." "I just, I really..." "I wanted us to have a baby." "You know I know that he would look just like you and I couldn't wish for anything more." "Baby, don't say that." "We're gonna sell the house..." "Jim..." "It'll be okay, it's..." "I'm calling my lawyer." "Uh, Jim Baxford for Mr. Patterson." "One moment please." "I uh, I got a letter here saying they're gonna foreclose on us and uh, the bank's cutting us off all because of this bullshit real estate." "You offered to waive my investment if I knocked off the 60 grand." "but you didn't give me an answer in time." "If I could've gotten to them earlier..." "I called you back the same fucking day." "At the end of a long Friday after 4 PM, if I remember correctly." "That means I didn't get back to them until Monday or Tuesday," "What about this motion you filed, the relief thing?" "The broker you invested with went bankrupt their assets were purchasd by another company, there's no one to file a motion against right now since the broker's in bankruptcy you need to hire a bankruptcy attorney to lift a thing called an automatic stay," "which really is a pain in the ass." "What about the real estate company, what about that?" "Well they're also under the protection of bankruptcy court" "It's part of the bankruptcy law that says you can't take any action against a company in bankruptcy without first hiring another lawyer and getting permission from the bankruptcy court." "It's complicated!" "Why didn't you tell me this before?" "Why'd I fucking hire you?" "I haven't heard from you in 2 weeks and certainly wasn't privy to the inner financial workings" "The bankruptcy filings were just as much a surprise to me." "So let me give you my best advice... pay the 60 grand," "I'll file the same injunctive relief motion we talked about to try and prevent you from having to pay and I won't ask your for any more money from you for me." "How's that sound?" "I don't have 60 grand." "Jim, I'll get this one." "Call me later..." "[Sighs] This is all my fault." "No, I got sick and I put us in debt." "It's not your fault, it's the banks, the CEO's," "Jim, I just..." "I hate what this is doing to you." "I'm sorry." "I gotta go to work." "Jim..." "Jim..." "[Crying]" "Andy, you wanted to see me?" "Yeah, come on in." "Close the door please." "Jim... we've been contacted by a couple of lawyers and collection agencies in the last couple of days... it seems that you have a lot of debts..." "It's not what you think." "They've got a judgment against you, a lien to garnish your wages on a monthly basis." "How much?" "You keep 800 per month." "Right, um..." "let me speak to my lawyer before you give these guys anything." "Jim, I'm sorry but we're gonna have to let you go." "We cannot have employees that are having financial troubles protecting our money." "You get what I mean?" "We're a bonded firm, we'll lose our insurance, we'll lose our clients... we just can't have you working here, not under these conditions." "Think of how it looks, and it's not good." "Severance..." "What about my insurance?" "You can do COBRA on the insurance." "That's 600 a month, how can I keep her alive on that?" "[Sighs]" "The check is your official severance, but we owe you back pay, overtime... you put in a lot of hours and you've been a loyal employee, so instead of a check I had them issue it in cash." "It's a bit of a bump, 9,000." "Cash is better, I figure banks and collections will never know, just between us." "I appreciate that." "And I'm gonna need your weapon and employee ID too." "Jim... hey man, listen..." "I'm sorry, I didn't know!" "[Crying]" "[crying]" "I can't answer the phone right now, just leave a message." "Have a good day." "Hey Jim what's up, it's Sean." "Look, I didn't know it was gonna happen, all right?" "I'm really sorry." "I love you bro, please give me a call." "Rosie?" "Rosie?" "Rosie?" "Rosie..." "Baby..." "Baby?" "Oh my God, baby..." "Oh my God, oh no..." "Rosie?" "Rosie... 911..." "Rosie, Rosie..." "God visits us with many mysteries in life, unexpected death is the most challenging." "when God leaves us speechless in the face of death, he reminds us all we have is forgiveness." "We must set our anger aside and look to those whom we have lost, to found a better life." "For who is God, except the lord, and who is a rock besides our God?" "The god who girdles me with strength and made my way safe." "He made my feet like the feet of a deer and set me secure on the heights." "He trains my hands for war so that my arms can bend a bow of bronze, you have given me the shield of your salvation and your right hand has supported me." "Your help has made me great, you gave me a wide place for my steps under me and my feet did not slip." "I pursued my enemies and overtook them, and did not turn back until they were consumed." "I struck them down so that they were not able to rise, they fell under my feet for you girdled me with strength for the battle." "You made my assailants sink under me, you made my enemies turn their backs to me and those who hated me, I destroyed." "Hey, you've got Jim and Rosie." "We're not home right now but leave a message and we'll call you right back." "Hey Jim, it's Sean." "Uh, you're not answering your cell, are you all right?" "I don't really know what to say but uh," "I'm just thinking of you bro." "I hope you're okay, I love you." "Please call." "Hey, you've got Jim and Rosie." "We're not home right now but leave a message and we'll call you right back." "Hey Jim, it's Fred and Frank." "Listen bud, we'd love to get together for lunch sometime." "We'll come over some night, watch the game, do some serious drinking." "We miss you, pal." "[Laughter]" "Well done, well done!" "Thank you to my lovely secretary who's been working so hard." "[Laughter]" "I think after last week..." "[Laughter]" "Mr. Marwood is extremely busy!" "[Laughter]" "It's lovely!" "[Chattering]" "[Chattering]" "Well maybe it's time for some of us to stumble home." "Have a good weekend guys, you deserve it!" "[telephone ringing]" "Hello?" "John, what?" "Come on John, it's too late for that stuff." "No, I really don't wanna talk about this right now, can you just please call me tomorrow morning?" "All right, all right thank you." "[Coughing]" "Mr. Marwood, I'm Jim Baxford." "Yeah." "I left you a bunch of messages, 20 to be exact." "I, uh..." "I'm off the clock you know, if you wanna talk..." "I lost my life savings." "My house, my job, my wife..." "Look Jim, it is not my fault your wife left you, all right?" "She didn't leave me, she's dead." "Oh for fuck... come on man." "I'm telling you..." "Just get off of me!" "in the stability of the American economy cuts across the entire political spectrum." "For decades, America has been enjoying unprecedented economic growth but unfortunately that growth was fueled by a mountain of debt and now those bills are starting to come due." "As the economic collapse intensifies, opinions vary on how to stop the downward spiral." "Call this crisis by any other name, it's still the same old game... the rich still get richer and the poor get poorer." "Thank you everyone and good night, from New York News 7." "Wow, Dan!" "This is amazing!" "How did you do that?" "You know it was really easy with the new mortgage incentive rate..." "[Chattering]" "[Chattering] [telephone ringing]" "So it looks great, we got rid of everything." "That's great, fantastic." "And you think that's going to be enough?" "Absolutely, the bank will look great but our clients... not so much." "Okay, it's the only play we had... we took the shot and it's looking good." "Am I right?" "Yeah, you were right all along." "Okay, well you know... that's what I like to hear, you know?" "They can destroy companies and even countries with financial rating downgrades." "They can effectively..." "[Muffled chatter] ...The latest Wall Street firm to receive federal money" "The question them becomes..." "Like many other financial institutions," "Leman Brothers got caught in this financial storm." "The real estate superfund, which was one of the hottest products... 7.7 trillion in undisclosed funds from the Federal Reserve for struggling financial institutions." "We will be watching very carefully... there are those that believe the government does have a role to play..." "I want to be very clear," "I take full responsibility for the decisions that I made and for the actions that I took." "JP Morgan Chase won and will assume $31 billion in won losses." "The loans came with virtually no strings attached." "However, eventually the bottom dropped out sharply and suddenly, leaving investors little..." "The government stepped in nd helped one of its own..." "Continue to squander millions of dollars... to use these events to negotiate more favourable... [telephone ringing]" "We're not home right now but leave a message and we'll call you right back." "Mr. Baxford, it's Walt from the bank calling... uh, we've sent you letters and left you numerous messages about your mortgage default." "As per our conversation the other day, the bank has no choice at this time but to foreclose on your home." "If you've got any questions, feel free to contact me." "We're not home right now but leave a message and we'll call you right back." "I'm not answering the phone no more, so stop fucking calling, I don't wanna talk to you." "[knocking]" "Mr. Baxford." "James Baxford." "[knocking]" "Are you James Baxford?" "Notice of eviction due to foreclosure." "You like doing this, kicking people out on the street?" "I'm sorry sir, but you're gonna have to sign this document and pack up your things." "You will have 48 hours to vacate the premises." "Sir, if you and your belongings are not out of here in 48 hours, the sheriff will be here to remove you forcibly, so you should sign this." "Take this piece of paper and shove it up your ass." "That's fine Mr. Baxford, but you've been legally served." "And no loud music!" "And that's not working, take the stairs." "Speaking of work, how's Jim?" "I don't know..." "I'll give him a call, see how he's doing." "He's been on my mind lately." "[cell phone ringing]" "Hey Jim, we've been thinking about you!" "Here I'm gonna put you on speaker, okay?" "Hey man, we miss you at lunch." "Yeah, you should come join us." "I need more time guys, a little more time." "Well you take all the time you need, we just want you to know we're all there for you." "Yeah, don't run away from us, we're gonna help you get back on your feet." "I really appreciate it guys, I'll see you soon." "All right." "All right, man." "Bye." "[Sighs]" "These are the 2 pieces you were asking about, did you bring the dollars?" "Looks good." "So where'd you serve?" "10th..." "Keith Stack referred me." "Stack's a good soldier." "Yeah." "Don't forget your clips." "Hey, I gotta ask you..." "Are you in any way, shape or form associated with law enforcement?" "I ain't no cop, I'm just a private citizen concerned about his personal safety, all right?" "Yeah..." "Grenades?" "Oh yeah, I got 2 left, shrapnel." "How much?" "I'll sell you both for a hunsky." "For personal protection?" "For fun." "Grenades are fun!" "You take it easy." "[gunfire]" "[gunfire] [gunfire]" "[gunfire]" "Hey asshole!" "[gunfire]" "the vice president of a well-known brokerage firm was gunned down while walking to his car." "The killing appears to have been targeted, our correspondent is on the scene with an update." "Thank you, this is a developing story, uh... there are no suspects at this time, however it is believed the victim may have been targeted because of his involvement in the financial sector." "Police are still looking for clues and a spokesperson for them released a statement earlier today saying they're treating this as..." "A majority of American voters now believe the United States could experience a total economic collapse." "Various types of loans became available to consumer who happily assumed an unprecedented debt." "...The latest Wall Street firm to receive federal money" "It's about morality, we can't let these guys win, and also we want our money back from the United States government." "They gave the banks bailouts, we want our bailouts." "[Chattering]" "The law firm Leman Brothers currently in bankruptcy billed over 850 million in legal fees, in addition for billing in massage and lobster dinners." "Around 20 lawyers made over 40 million each before the people who actually lost money got anything." "The really amazing thing here is that the government awarded them the contract in the first place, without making sure they had the capital to cover these costs." "The people are angry and rightly so." "[gunfire]" "Find out in our full report right after the break." "...This speculation drove the value of the fund up... [gunfire]" "Charlotte are you reading this?" "Let's get some personal security in this office for me right now!" "Of course." "You've gotta be kidding me." "Hey, look at this!" "Jim!" "What up man?" "How you doing man?" "Dude!" "How you doing?" "Good man." "Hey Jim, good to see you." "How you doing, all right?" "Yeah, I'm good." "Pretty good." "Oh come on, you don't have to do that." "I just fucking did, I miss you guys." "Yeah, me too." "Lunch hasn't been the same." "So what's been going on?" "Not a lot, not a lot.." "you know just been hanging." "I ain't been working." "It's tough you know, with Rosie gone and shit... it's not good." "You know, it is what it is." "Anyway, so uh..." "I'm moving." "Moving?" "Where to?" "I don't know, different city, different state." "Everywhere I go I keep seeing Rosie." "It's driving me nuts." "You get it, right?" "I get it." "Hell, I understand." "I feel like doing the same thing sometimes." "No, I don't know why the hell she won't go." "It's a mystery to me!" "She fucking loves you." "Oh yeah, she loves me." "She loves you, she loves everybody in the neighbourhood, that's the problem!" "She hasn't bailed on him yet." "She loves me, right." "Well you gotta tell us where you're going, all right?" "with all these fucking shootings, huh?" "Yeah, it's a hell of a thing." "The whole city's on alert, look at that." "Yeah, the brass is afraid it's gonna escalate." "Really, they'll get him soon enough." "They'd better, the brass is screaming." "Whoever it is really fucking hates rich bankers, which only leaves a million suspects." "You know whoever catches this guy is gonna get a big promotion, my man." "Well in that case, I'll save you the trouble." "What the fuck are you talking about?" "It's me." "[Laughter]" "Okay, you had me going for a minute there, all right?" "I'm serious." "[Laughter]" "You'll give me a heart attack, what's wrong with you?" "All right, who got the Reuben?" "Always with the fingers, huh?" "Sorry." "Don't want that, I'm gonna get an STD from this sandwich." "You ruined it for me, I'm serious." "I'm afraid to eat this sandwich, I'm gonna get a herpe." "You should put a condom on your finger, that's what you should do." "I think she's been going to the gym, you notice that?" "My wife's ready to pop!" "I got him a membership to our country club, it was like 90,000 plus." "That is crazy." "You're crazy." "I owe you too much money." "Hey, did you hear Stancroft..." "[Chatter]" "[Chatter]" "Hey Robert!" "It's Jim, Jim Baxford." "Jim Baxford!" "Hey, it's good to see you." "from that little financial disaster of ours." "Not quite, but I'm getting there." "Well it was a tough time man, we all took a loss." "I mean, when I told my wife we couldn't vacation in Barbados, she tore a strip off me the size of Long Island." "But things get better, right?" "Right, that's what everyone keeps telling me." "Trust me, it's true." "Look, um..." "let me give you my new business card," "There we go, I've got a couple of uh, investment ideas you might be interested in." "I'll take you for lunch next week, huh?" "I gotta run, it was good to see you." "Hey you too." "Yeah, call me." "[gunfire]" "Next caller, go ahead please." "I'm glad those bankers got shot." "There's no effective laws in this country anymore, you get 5 years for robbing a gas station, you destroy America... you get 20 trillion dollars and you walk away?" "Violence is not the solution, Gus." "Isn't violence the official solution of our government in Iraq," "Afghanistan?" "[gunfire]" "Thanks for your comments, Gus." "Next caller, who's on the line?" "Why'd you cut Gus off?" "I lost my house and Wall Street is getting a free ride..." "[Angry chatter]" "Okay, that's all the time we have on today's show for call ins." "Let's look at today's market, the US dollar is trading at 1.31 against..." "[Chatter]" "Robert here." "Robert, it's Jim." "Jim, how you doing?" "but I won 50 G in a poker tournament." "Fucking unbelievable." "Anyway, I need some advice on what to put it in." "Oh great, well how about we have a coffee?" "The place near my office?" "Yeah, same coffee shop." "Okay." "See you tomorrow, 9 o'clock." "Sounds great." "All right, see you then." "[gunfire]" "[Screaming] [gunfire] [gunfire]" "[sirens wailing]" "Yeah but you see, you see uh... 8-5-6, that's gotta jump up to 9-2-5." "No, no..." "look at the, look at the right screen." "No, we gotta sell those shares right away." "drop off the other side, we need more points on that side." "Shit..." "I'm not the boss here..." "You have absolutely no say in this." "Please, my wife..." "she's pregnant." "Maggie, get a hold of security now!" "Hey, what the fuck is going on?" "[gunfire]" "Get back to your wife and be thankful, you prick." "Get the fuck outta here!" "Go!" "[gunfire]" "Hurry, hurry run!" "Go!" "[Screaming]" "[Screaming] [gunfire] [gunfire]" "[gunfire]" "Copy that, 38th floor!" "38th floor!" "Police are looking into whether or not today's shooting spree has anything to do with the recent murders." "Now from what we know, all of the victims were involved in the brokerage scandal but there was a question whether or not the fraud charges could be prosecuted." "We know that the shooter is still in the building at the moment." "[gunfire]" "Get outta here." "Out!" "Get out!" "Whatever it is you want, this is not the way to get it." "Take a fucking seat, right there." "Sit the fuck down." "Bet you've never seen your desk from that angle before." "I don't know who you think it is I am but... this isn't gonna accomplish anything." "Did I tell you to speak?" "You wanna know the difference between a banker and a gangster?" "A gangster always has a getaway plan." "Okay..." "And by the way..." "I know exactly who you are." "You are the guy who fucks everyday people in the ass when you're not sitting in your fucking house in the Hamptons, or booking tennis lessons from your penthouse overlooking Central Park." "How do you know all this?" "I've been watching you." "The problem with guys like you is you can't stop bragging." "you're making sure that every magazine in the country knows all about your triumphs." "Well, you know there are people that derive inspiration from success stories." "You know maybe you'd do all the same things I've done given the opportunity." "No, I wouldn't." "I wouldn't sell bad loans to people with small amounts of money." "You make yourself real cash based on fabricated nonexistent loans." "You cook the books to get your bonuses, that's what you fucks do." "But the question is, why should I let you live?" "You're a salesman, right?" "Sell me." "Sell you..." "You know that there's not a person on this earth that's worth over a hundred million dollars that came by that money honestly?" "The Vanderbilts, the Carnegies, the Gettys, the Morgans, the Hursts, the Rockafellers..." "They just annexed territories and licenses and businesses and killed the native population and imported slaves and sold guns to both the north and the south during the Civil War and they're heroes, they're American heroes!" "Take 5 on 38." "Coming down, proceeding to locate target." "We teach our children, what..." "honesty and hard work are the keys to success?" "My children... my children are not gonna go off to some war, they're gonna go to Yale, they're gonna go to Harvard." "And it's gonna be the dumb, stupid, white trash kids and the black ghetto kids that are gonna fight" "America's senseless wars and they're gonna protect" "American security and business, and it's gonna be my business." "richer and richer and my bonuses are gonna get bigger and bigger, and it's the same old story." "It's the bankers and the owners and the advisors that get rich!" "And it's the little people, who buy their stock and always lose in the end." "To people like you!" "Some people don't recover, people like me." "It's a free trade system, my friend." "That's capitalism." "That's competition in a capitalist society, that's how the cream always rises to the top." "That's how the strong survive and the weak die off." "Like her?" "That's my wife you're looking at, she's dead because of you." "Come on..." "I don't give a fuck," "I have never seen you before in my life." "But you do know about the real estate growth superfund," "That's where you put your money." "For the commissions, for the commissions." "That's how it works." "You like competition?" "I love competition." "You wanna play a little free market competition, just you and me?" "You and me?" "I can't wait." "One weapon, two guys." "Winner lives..." "On the count of 3... 1... 2..." "Well, lookie here!" "I came out on top." "That's what you don't understand," "What's important is that I won, doesn't matter how I won, and you're dead." "I cheated too." "[gunfire]" "Get him outta here!" "Target located and eliminated." "I'm still alive and free and I promise I will keep killing." "They should all know that I am out there, a soldier of the people..." "and if the government, the prosecutors and the judges fail on their duty," "I will not fail on mine."