season 2

Harvey and Mike meet up with Tom Clapper and talk about foreclosing Madison 25. Tom doesn’t want to declare bankruptcy, then Harvey throws out a football analogy that if Peyton Manning goes down and the team loses games, the team must move on and let go of some things in order to protect assets (that being letting go of Manning). Harvey tells Tom that he owes a quarter billion already and needs to let go to protect his own assets. Tom lets them know that is not about him or his future but is about his family name. Tom then comes up with his own football analogy that when team is about to lose, a quarterback throws a Hail Mary pass. Harvey counters that with the fact that a team does that if the team has nothing to lose; though in this case, Tom does. When almost all else fails and Tom makes his case, Mike comes up with an idea.

Donna goes to Louis’s office to ask if it is possible to have the 250 million loan debt extended for Tom, but when Donna tells him that the bank is National Metropolitan, Louis becomes doubtful. Louis asks for a detail in Daniel and Jessica’s rift in exchange for the debt extension and Donna asks for the show tickets. Deal is done.

Harvey and Mike talk to a bank representative about the foreclosure hold on Madison 25; that Tom will have the assets to make the bank a lot of money. But the bank tells them that what matters is the current assets the property has and that they will not be able to liquidate any of the property’s assets as of now.

Mike and Rachel try to set up some dating ground rules in the library when Louis walks in and remind Rachel about her assignment. Mike is not too pleased with it and reminds Louis that if he wants Rachel to summarize all the firm’s cases, then he is going to have to wait. Mike then tries to make Louis jealous by telling him that Hardman invited all the associates to a Bruce Springsteen concert. Louis claims he doesn’t care about it because he doesn’t want to spend his evening with a bunch of associates.