But seems like it's putting them in a lot more risk than if he had just did nothing.

I keep wondering how much Stacy actually believed she was in danger vs playing it up to get more out of Mike. It's always the same routine with her.

That chip in the house wasn't from a bullet and he knew it, but still went along. He owes her and knows that it can't go any other way. Also wonder if he thinks she's playing him for the money.