Ryan walked to his desk, dialed the Secretary's office, and told his secretary to route the conference call to his room in the West Wing. A typical executive secretary, she handled the irregularity better than her boss could ever have done. Gant, Jack saw, was a superb technician, and his second stint at explaining matters was even more efficient than his first. The Secretary and the Chairman were also good listeners who knew the jargon. Questions were not necessary.

"I didn't think something like this was possible," the Chairman said eight minutes into the exposition. Winston handled the response.

"All the safeguards built into the system are designed to prevent accidents and catch crooks. It never occurred to anybody that somebody would pull something like this. Who would deliberately lose so much money?"

"Somebody with bigger fish to fry," Ryan told him.

"What's bigger than—"

Jack cut him off. "Lots of things, Mr. Winston. We'll get to that later."

Ryan turned his head. "Buzz?"

"I'll want to confirm this with my own data, but it looks pretty solid."

SecTreas looked over at the Chairman.

"You know, I'm not even sure it's a criminal violation."

"Forget that," Winston announced. "The real problem is still here. Crunch time is today. If Europe keeps going down, then we have a global panic. The dollar's in free-fall, the American markets can't operate, most of the world's liquidity is paralyzed, and all the little guys out there are going to catch on as soon as the media figure out what the hell is going down. The only thing that's prevented that to this point is that financial reporters don't know crap about what they cover."

"Otherwise they'd be working for us," Gant said, rejoining the conversation. "Thank God their sources are keeping it zipped for the time being, but I'm surprised it hasn't broken out all the way yet." Just maybe, he thought, the media didn't want to start a panic either.

Ryan's phone rang and he went to answer it. "Buzz, it's your conference call." The Secretary's physical state was apparent when he rose. The man wavered and grabbed the back of a chair to steady himself. The Chairman was only a touch more agile, and if anything both men were yet more shaken by what they had just learned. Fixing something that had broken was a sufficiently difficult task. Fixing something deliberately and maliciously destroyed could hardly be easier. And it had to be fixed, and soon, lest every nation in Europe and North America join the plunge into a deep, dark canyon. The climb out of it would require both years and pain, and that was under the best of political circumstances—the long-term political ramifications of such a vast economic dislocation could not possibly be grasped at this stage, though Ryan was already recoiling from that particular horror.