Chapters (50)
- DEBT OF HONOR
- Acknowledgments
- Prologue
- 1—Alumni
- 2—Fraternity
- 3—Collegium
- 4—Activity
- 5—Complexity Theory
- 6—Looking In, Looking Out
- 7—Catalyst
- 8—Fast-Forwarding
- 9—Power Plays
- 10—Seduction
- 11—Sea Change
- 12—Formalities
- 13—Winds and Tides
- 14—Reflections
- 15—A Damned, Foolish Thing
- 16—Payloads
- 17—Strike One
- 18—Easter Egg
- 19—Strike Two
- 20—Strike Three
- 21—Navy Blue
- 22—The Global Dimension
- 23—Catching Up
- 24—Running in Place
- 25—All the King's Horses
- 26—Catch-up
- 27—Piling On
- 28—Transmissions
- 29—Written Records
- 30—Why Not?
- 31—The How and the What
- 32—Special Report
- 33—Reversal Points
- 34—All Aboard
- 35—Consequences
- 36—Consideration
- 37—Going Deep
- 38—The River Rubicon
- 39—Eyes First
- 40—Foxes and Hounds
- 41—CTF-77
- 42—Lightning Strikes
- 43—Dancing to the Tune
- 44—…from one who knows the score…
- 45—Line of Battle
- 46—Detachment
- 47—Brooms
The word had not yet gotten out. The event was still a secret, a tactic first suggested by the senior executives of DTC, and so far approved by both the governors of the Securities and Exchange Commission and the New York Stock Exchange. They'd had to explain the reasons for it to the FBI. In addition to all the money lost in a crash such as had taken place on Friday, there would also have been quite a bit of money made through "puts," the name for derivative trades used by many brokers as hedges, and a means that allowed profit on a falling market. In addition, every house kept its own records of trades, and therefore, theoretically, it was possible over time to reconstruct everything that had been erased by the Easter Egg. But if word of the DTC disaster got out, it was possible that unscrupulous or merely desperate traders would fiddle their own records. It was unlikely in the case of the larger houses, but virtually inevitable in the case of smaller ones, and such manipulation would be nearly impossible to prove—a classic case of one person's word against another's, the worst sort of criminal evidence. Even the biggest and most honorable trading houses had their miscreants, either real or potential. There was just too much money involved, further complicated by the ethical duty of traders to safeguard the money of their clients.
For that reason, over two hundred agents had visited the offices and homes of the chief executive officers of every trading establishment within a hundred-mile radius of New York. It was a feat easier than most had feared, since many of the executives were using their weekend as a frantic work period, and in most cases they cooperated, turning over their own computerized records. It was estimated that 80 percent of the trades that had taken place after noon Friday were now in the possession of federal authorities.