Back Debt of Honor
Chapters (50)
  1. DEBT OF HONOR
  2. Acknowledgments
  3. Prologue
  4. 1—Alumni
  5. 2—Fraternity
  6. 3—Collegium
  7. 4—Activity
  8. 5—Complexity Theory
  9. 6—Looking In, Looking Out
  10. 7—Catalyst
  11. 8—Fast-Forwarding
  12. 9—Power Plays
  13. 10—Seduction
  14. 11—Sea Change
  15. 12—Formalities
  16. 13—Winds and Tides
  17. 14—Reflections
  18. 15—A Damned, Foolish Thing
  19. 16—Payloads
  20. 17—Strike One
  21. 18—Easter Egg
  22. 19—Strike Two
  23. 20—Strike Three
  24. 21—Navy Blue
  25. 22—The Global Dimension
  26. 23—Catching Up
  27. 24—Running in Place
  28. 25—All the King's Horses
  29. 26—Catch-up
  30. 27—Piling On
  31. 28—Transmissions
  32. 29—Written Records
  33. 30—Why Not?
  34. 31—The How and the What
  35. 32—Special Report
  36. 33—Reversal Points
  37. 34—All Aboard
  38. 35—Consequences
  39. 36—Consideration
  40. 37—Going Deep
  41. 38—The River Rubicon
  42. 39—Eyes First
  43. 40—Foxes and Hounds
  44. 41—CTF-77
  45. 42—Lightning Strikes
  46. 43—Dancing to the Tune
  47. 44—…from one who knows the score…
  48. 45—Line of Battle
  49. 46—Detachment
  50. 47—Brooms

"Because then, sir," Gant went on, "it'll bounce after about two hundred points, and close…? It'll close down, oh, maybe a hundred, maybe not even that much. The following Monday everybody catches his breath. Some people look for bargains. Most, probably, are still nervous. It drops again, probably ends up pretty stagnant, down another fifty at most. The rest of the week, things settle out. Figure by the following Friday, the market has re-stabilized down one, maybe one-fifty, from the Friday-noon position. The drop will have to happen because of what the Fed has to do with the Discount Rate, but we're used to that on the Street." Only Winston fully appreciated the irony in the fact that Gant had it almost exactly right. He himself could hardly have done it better. "Bottom line, it's a major hiccup, but no more than that."

"Europe?" Ryan asked.

"It'll be rougher over there because they're not as well organized, but their central banks have somewhat more power," Gant said. "Their governments can also interfere more in the marketplace. That's both a help and a hurt. But the end result is going to be the same. It has to be, unless everyone signs on to the same suicide pact. People in our business don't do that."

Fiedler's turn: "How do we sell it?"

"We get the heads of the major institutions together just as fast as we can," Winston replied. "I can help if you want. They listen to me, too."

"Jack?" the President asked with a turn of the head.

"Yes, sir. And we do it right away."

Roger Durling gave it a few more seconds of thought before turning to the Secret Service agent next to his desk. "Tell the Marines to get my chopper over here. Tell the Air Force to get something warmed up for New York."

Winston demurred. "Mr. President, I have my own."

Ryan took that one. "George, the Air Force guys are better. Trust me."

Durling rose and shook hands all around before the Secret Service agents conducted the others downstairs and out onto the South Lawn to await the helicopter flight to Andrews. Ryan stayed put.

"Will it really work? Can we really fix it that easily?" The politician in Roger Durling distrusted magic fixes to anything. Ryan saw the doubts and framed his answer appropriately.

"It ought to. They need something up there, and they will surely want it to work. The crucial element is that they have to know that the takedown was a deliberate act. That makes it artificial, and if they believe that it was artificial, then it's easier for everyone to accept an irregular fix to it."

"I guess we'll see." Durling paused. "Now what does that tell us about Japan?"