Very, very nice episode 11th.
Nice play by Chuck, did not see that coming in any way.

What an episode. A bit of a noob at connecting some of the dots within the show, as I knew next to nothing about trading before Billions, but does this mean Wendy taking the short is going to put her in the line of fire when this all comes down on Axe?

After a few mediocre episodes, this episode is the best one yet. That ending was amazing. Roller coaster ride.

Episode 11 gets a slow cap moment from me at the end, wow, such a brilliantly planned out scheme without the viewer expecting that plot twist. Billions season 2 started weak but towards the end finished strong, felt game of thrones esque with more genius added to it.

Amazing ep. Probably the best of Billions yet.

I like how Chuck had that nerdy prosecutor in his back pocket and used him to deploy federal resources for surveillance on Axelrod.

Not sure yet. But they'll get some back with the heavy short from Wendy.

Paris,

Yes, though presumably it may be recoverable in criminal and civil actions against axe.

But I don't think he did it counting on that and was willing to let it all burn if that's what it took. Made me think back to the you're facing a man with nothing to lose scene.

Staggering that Sepinwall isn't watching this, arguably the best show on TV at the moment.

Rod,


I was wondering if that would actually be part of the calculated scheme, but it appears not. Makes more sense this way, he wouldn't want himself implicated as the guy orchestrating this.

Chuck doesn't care about $$$$. He cares a ton more about power and what is right/wrong and drowning Axe.

Great Episode.

Wendy's short saves Axe from charges. He charges Axe, she gets taken down as well.

No, he did not lose all the trust money.

I don't remember the exact figures, but the second trade was something like 700k shares at ~$30. Now at ~$4, that's an ~$18 million loss. Honestly I'm surprised he had that much in the trust to begin with, especially considering that we've been led to believe Wendy has/had more $$$ than him.

(Also - do we really need spoiler tags for the most recent episode?)

Ok, I didn't mean All, but he lost a boat load still, I just wanted to make sure I didn't miss something where he really didn't lose all that money.

He lost a ton of money; I'm not sure what happens when someone fixes the situation like what Ax did; I assume Chuck will get some retribution.

Don't forget I think Chuck/his father put in 8M before trying to buyup 700k shares when the stock was hot. I was assuming Chuck's dad could afford to give Chuck a ton more based on their apparent wealth. We can assume Chuck's dad is likely a multibillionaire old money New Yorker, right (or maybe just hundreds of millions)?

Capone: Definitely nowhere near that wealthy.

His dad used basically his entire liquid net worth to buy up some land where the new casino will be built - not an expensive area until after the casino. Because of this loss, he may have to sell one of his houses to have cash to pay his expenses, margin calls, etc.

So old money rich and powerful, but certainly nowhere near hundreds of millions. I'm guessing the trust fund was from grandpa or something.

Paris, poker, pocket: his dad said he put the whole trust fund into the deal, and they are talking bankruptcy for the company so it could easily go to zero. So at least if/until they get restitution from axe, the bulk of that money is lost.

isnt it a huge problem for chuck that he put that slimy goggles guy in that seat, he can prosecute axe and chuck can´t hinder him? he seems like a guy that wouldnt give two ****s to take down the hand that fed him missus.

My understanding (again I'm not 100% sure) is that all of the money in the juice shares was Chuck's, since his Dad had all of his previously liquid cash invested in Sandicot (new casino) stuff.

Pocket,

Re: his vs Wendy's money, it has been made clear that he has quite a lot of money as well, it's just that it's all locked up in a trust fund he can't access.

Ah I guess that makes sense, given his family and whatnot. I was remembering some previous episode/scene where Chuck revealed his insecurities regarding Wendy's finances.

Chuck's going to have to use Jack Foley/Mary-Louise Parker to destroy the new prosecutor and tank the case against Axe. If Axe goes down, Wendy goes with him and Chuck's campaign is dead in the water.

Maybe that's the way it goes, the season ender next week; Chuck gets his man, but loses his wife.

Not sure what that would mean for season 3 next year though...

Chuck's dad said they lost all of it, which I took to imply that the trust account is now empty, plus the extra he piled on when the stock was on its run.

Or is that not the case?

Rod,


I believe the extra he piled on was the remainder of the trust fund. Last we saw that had lost most of its value, and perhaps all of it soon with the company potentially headed to bankruptcy.