Here is a full explainer of all the complex money talk and hedge fund jargon that was used in tonight's episode of the TV Show Billions on Showtime. #Billions #Showtime #BSTYN
In a simple way, we go over all the various financial terms and concepts that are covered in this episode of Billions. We explore and recap season 5 episode 3: ‘Billions’ Season 5, Episode 3 Recap: Subjugate and Conquer.
We look at Taylor and Mase Capital's asset divestiture; we look at Axe and Wags trying to become and bank; and what exactly are they trying to accomplish by getting a bank charter? We take a look at large college endowments; we look at Basel Accords; and, we look at Bank Charters via the FDIC and the Office of the Comptroller of the Currency (OCC).
In this jammed packed episode we take a good look to understand the concepts of the stock market and the tv series.
From the New York Times: "Not in Bobby Axelrod’s world, though, that’s for sure. Axe spends the episode questing after three things. First, he wants to become a bank. He’s informed by the government officials Todd Krakow and Hard Bob (played by the actors Danny Strong and Chelcie Ross in deliciously sleazy cameos) that there is no way for him to get past the regulatory agencies that want to keep men with criminal histories like his away from banking; his mistake was committing his misdeeds before becoming a bank, while the megabanks that caused the 2008 crash and got away largely scot-free did it the other way around. But there’s still hope that he could secure a state charter, particularly since he knows his way around the New York power structure so well."
You can find all the Episode of Billions Reviewed by Be Smarter Than Your Neighbor Here: Season 5 Episode 2: https://www.youtube.com/watch?v=ZdgfPawMFHQ
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Sources:
New York Times: https://www.nytimes.com/2020/05/17/arts/television/billions-episode-3-recap.html Largest Endowments: https://nces.ed.gov/fastfacts/display.asp?id=73
Basel Accords: http://www.thegeekyalpha.com/2017/03/a-brief-history-of-basel-accords-basel.html
