Christopher Reich
The Prince of Risk
Copyright © 2013 by Christopher Reich
To Joseph C. Raible III,
in memory
PROLOGUE
United States Federal Reserve Board Room, Eccles Building, Washington, D.C.
Sunday, July 28, 10:50 p.m.
The three men sat at the head of the conference table, graying lions hunched over a kill.
“If only half of what this damn thing claims is true, we’re in trouble,” whispered one.
“And if all of it is?”
“We’re royally-”
The door opened and a Secret Service agent stepped inside. “Excuse me, sir,” he said. “We’re standing by when you need us.”
A domed chandelier hung above the long table, filling the cavernous room with a dim, funereal light.
“Give us a moment,” said Secretary of the Treasury Martin Gelman. “Shouldn’t be too much longer.” Gelman waited for the Secret Service agent to leave, then tapped a finger on the dossier. “How many people on your end know about this?”
“Just my assistant,” replied Edward Astor, chief executive of the New York Stock Exchange.
“No one else?”
Astor shook his head, staring at the treasury secretary and the man seated beside him, Charles Hughes, chairman of the Federal Reserve. No two men exerted more power over the economy of the United States. “I had my suspicions when I commissioned the report,” said Astor.
“And who provided those?” demanded the chairman of the Federal Reserve.
“The firm that wrote it. It brought the matter to my attention in the first place.”
Martin Gelman pushed his glasses higher on the bridge of his nose as he studied the dossier’s cover. “Never heard of ’em. What the hell’s that name supposed to mean?”
“Illumination,” said Astor. “Apparently it’s a Sanskrit word.”
“Great,” said Charles Hughes, who at seventy years of age was the youngest present. “Leave it to a bunch of Indian mystics to tell the United States that we’re up a creek without a paddle.”
“I believe they’re American,” said Astor. “At least as American as any of us.”
“And who, or what, exactly are these folks?” inquired Gelman.
“Spooks. Seers. Savants. I’m not sure what you’d call them.”
“Private sector?” asked Hughes.
“Any more private and they’d be invisible,” said Astor. There was more, but he left it at that.
“If word gets out…”
“That’s why it’s just the three of us at eleven o’clock on a Sunday night,” said Astor.
Silence echoed through the chamber. Astor stared at the Great Seal of the United States high on the wall and thought about the decisions made at this very table, some responsible for rescuing the country from financial catastrophe, an equal number for precipitating catastrophe in the first place.
And now one more.
Martin Gelman pulled his cell phone from his jacket. “I’ll have to tell the president.”
Astor clamped a hand on his arm. “Not with your phone.”
“What the hell, Ed!”
“What about the report didn’t you understand?” Astor relaxed his hold. “I suggest we inform the president personally.”
It was Hughes’s turn to protest. “At this time of night?”
“I’m sure the president will forgive the intrusion.”
Hughes nodded unsurely. “It’s just that it all seems rather impossible.”
“Quite the opposite,” stated Astor, with enough certainty for both of them. “Ask me, we practically begged them to do it. For ten years we’ve known or suspected. All those reports from the FBI, the CIA, even the Brits, telling us to be careful not to give away too much. In all that time, we’ve done nothing. We might as well have sent out an engraved invitation and put a welcome mat by the front door.”
Hughes shook his head. “How did we allow this to happen?”
“Greed. Naïveté. We’re all responsible.”
Hughes brought his fist down on the table. “I’m just so damned angry.”
“So am I, Charlie, but we still have time.” Astor opened the report to the conclusion. “‘…and though there is no question about the extent to which critical national systems have been penetrated, the aggressor cannot use TEP to trigger a modal system-wide default at his primary target until a source code is introduced.’”
“What does that mean in English?” interrupted Hughes.
“It means they’ve got the house wired top to bottom with C4, but they can’t set off the charges. At least, not yet.”
“Why the hell not? They’ve managed everything else.”
“They don’t have the fuse,” said Gelman. “Without that, the house can’t go bang.”
“There’s still one more step,” said Astor. “They need to find a way in.”
“Any idea how?” demanded Hughes.
“A few,” said Astor.
“So how much time do we have?”
“Difficult to say. We have to assume that they have their eyes on an entry point and that their plan includes the probability of detection.”
“Meaning sooner rather than later,” said Hughes.
Astor nodded. “That’s a safe assumption.”
“Well, then.” Gelman shot from his chair, scooping up the dossier and shoving it into his satchel. “It’s four blocks to 1600 Pennsylvania Avenue. Time to roust the commander in chief out of bed.”
Minutes later, the three men were seated in the back of an armored Chevrolet Suburban speeding down Constitution Avenue. Given the time of night and the impromptu nature of the meeting, the security detail numbered two agents. Both rode in front. No car followed. Astor had been adamant that they not attract undue attention.
“Take the State entry,” said Gelman, referring to the security gate located at State Place, off 17th Street past the Ellipse. “We’ll park in the West Wing lot.”
Edward Astor glanced out the window. Ahead, the Washington Monument rose into the night sky. Beyond, bathed in light at the far end of the Mall, stood the Capitol. He was an immigrant’s son, and the sights stirred his love for his country. His father had come to America eighty years before with an unpronounceable name and little more than the clothes on his back. In the space of twenty years, he had advanced from skinning cowhides for women’s gloves to owning the glove factory itself. He worked tirelessly. He acquired a rich man’s name. He saved to send his son to the best schools, and later helped him secure a job as a ticket runner on the floor of the New York Stock Exchange. Edward Astor liked to think he had done the rest on his own, but he never forgot his debt to his father and to the country.
“Only in America,” his father used to say in the Czech accent he was never able to erase.
Astor looked at the report sitting on his lap. He’d be damned if he let someone steal what belonged to the country. His country.
The engine revved angrily, jarring Astor from his reverie. The vehicle surged, throwing him and his fellow passengers against their seats. Frightened, Astor grasped the armrest. The car swerved, then regained its lane. “Everything all right?” he asked.
As suddenly, the revving died and the engine slowed.
“I’m sorry, sir,” answered the driver. “I must have hit the pedal a little hard.”
Astor clutched the report to his chest. He said nothing, but his heart was racing.
The vehicle passed the Organization of American States and swung left onto 17th Street. Oak trees lined the road. Through branches swollen with summer leaves, he could make out the White House.
“Sir, I’d like to radio ahead,” said the Secret Service agent in charge of the detail. “We don’t like surprises.”
“Absolutely not,” said Astor, louder than he’d wanted.