Chuck Rhoades, played by Paul Giamatti, is set in the play as "US Attorney for the Southern District of New York". Some translators may call him the attorney for the Southern District of New York. In fact, it is not very accurate. In fact, he should be specifically responsible. "United States Attorney" for the Southern District of New York. According to the explanation on the wiki, US Attorney is not elected by election, but is directly appointed by the President of the United States, every four years. Above them is the Minister of Justice, who is under one person and above 10,000 in the judicial system. It is impossible to achieve this position without some family background (Chuck's father is arranged in the play). In particular, Chuck is in charge of the Southern District of New York, because it includes Manhattan, the financial center, and has always focused on economic crimes. It is not the administrative equivalent of the Northern District (appears in Episode 3) or the US in other states. Attorney is comparable. In the real world, Rudy Giuliani, who was in charge of the Southern District of New York, later became the mayor of New York City. So in the first episode, Chuck and his wife Wendy yelled out "I am the god damn US Attorney!" during the quarrel, I didn't earn as much as you, but my position is indeed so awesome! Although Billions first explained that Bobby Axelrod, played by Damian Lewis, was born as a poor, but like a friend in the comment section above said, the financial world shown in this drama is similar to the kind of scam stockbrokers in the wolf of Wall Street. Essential difference. Everyone who plays hedge funds feels like a sniper lurking in the high ground, aiming at the target and waiting for the best time. In the play, Bobby's company Axe Capital is a hedge fund giant on Wall Street. Hedge funds trade frequently and have a large amount of funds (so their clients are not ordinary wealthy people but very wealthy people). Fund managers need to have a high degree of market research and judgment ability, and various information is also very important. The first two episodes of the series emphasize these. As for what a hedge fund is, I won’t explain it well for non-financial professionals, but I don’t think it’s necessary to understand all the terms mentioned in it to understand this show, but you have to know what “short selling” means. That is, the "Short" strategy mentioned by Bobby many times. Simply put, it is to make money by expecting a thing (which can be currency/stocks/bonds/futures/physical objects, etc.) in the future to fall in value. The specific operation is, for example, predicting that a certain stock will fall, and then buying it by "borrowing". When the stock really falls and falls to a certain extent, it is bought at the current price and returned to the seller to earn the difference. In the fourth episode aired this week, Bobby was short-selling by Chuck's father Short Squeezes after Short Selling Cross Co (related to the third episode of Bobby's acquisition of YumTime). What does this mean? Suppose that when Bobby shorted Cross Co, the contract was at a price of $1 per share. After Chuck’s father learned of this news, he joined his friends to buy Cross Co through some means, creating an illusion in the market. Cross Co deliberately pushed up, so Cross Before Co fell, it temporarily rose to $10 per share, which meant that Bobby had to make up $9 per share. Obviously, Bobby had a lot of Short shares, which was basically dead, and was immediately urged to make up money. He was angry for the first time. Bobby guessed that Chuck's father did it, so he told Hall to give Spyros of the SFC that Chuck hated very much. Then Bobby made a deal with the hedge fund manager named Poacher who appeared in the second episode and is also a major shareholder of Cross Co. Bobby hopes to make 8% of the profit. Borrowing some stocks from him for compensation to offset the current price difference, and then Poacher said that if your Short judgment is correct, the company is going to die soon. As a major shareholder of Cross Co, I will definitely follow suit, but the current situation is You are even worse, I am now an emergency rescue, so the asking price of 25% of the transaction is concluded. In the end, Bobby won more than 10 million. Chuck made his father lose money in order to prevent his father from being investigated by the Securities Regulatory Commission for manipulating the market. Each episode of Billions has a lot of information, many characters, professional lines, fast actors, and screenwriters like to go around. Coupled with the fact that the judicial system and financial environment in the United States are completely different from those in China, it is particularly easy to make mistakes and ambiguities when subtitles are translated if they cannot fully understand the intentions of the characters, making the audience puzzled. For example, at the end of the first episode, Chuck and Axe's rivalry, Aex said to Chuck, what's the point of having "fuck you" money if you never say "fuck you" , This sentence does not involve any difficult vocabulary, but various translations are varied. I hope the above will help you understand this drama. If you have any errors, please correct me. By the way, I recommend another very good-looking work on financial themes, this year’s Oscar’s hot seed, The Big Short, adapted from real life. Let me add to the comment below why Bobby won, but at the end of the episode, he said he would quit completely and let Wags start selling what he had on hand. The reason for this action was not clearly explained in the fourth episode. It is estimated that it will be known in the next episode. However, based on the speculations I have seen so far, I think one is that Bobby’s involvement in insider trading has not left any substantive evidence, but it has been The Chuck investigation was also uncomfortable (the inner ghost that Hall instigated in Chuck's office was found) and the enlightenment of "eat move shit". Another point that everyone tends to miss is that in this episode, he went to the show to be a cover. At the beginning of this episode, Bobby received a call and a guy named Constantine wanted to meet him. So Bobby asked some old friends to fly to Quebec to watch Metallica's performance, and the real purpose was to meet this person
This person met Bobby and said a few words: I have dedicated my entire life to Mundia Tel (telecom technology company?), and now people will finally know the truth. I think you will understand. After you listen, I will After you say something, you will know how to do it. Then Bobby returned to the company and began to ask Wags to sell what he had on hand, starting with Telecom. So guess what the audience didn't know, what Constantine said to him next was the direct cause of Bobby's withdrawal. Or Bobby is like going to a concert in this episode, withdrawing is just a pretense, he created the illusion of exit to the outside world, perhaps actually knowing the news of the market collapse in advance, in order to avoid losses and withdraw from the market. ------------ We learned after the fifth episode: This person named Constantine is the CFO (Chief Financial Officer) of Mundia-Tel. Axe learned early that Constantin was going to be accused of making false accounts and Mundia-Tel was going bankrupt. So Axe created an illusion (cover) for the world that he was going to quit, so that he could avoid huge losses without moving his expression before the entire market collapsed.
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