“Go ahead.”
“All right. Fyres was getting fatter and fatter, and more and more large banks were involved, and many of them—many of the biggest—were so heavily involved that, when he came to them and said he’d need another fifty dots—excuse me, fifty thousand imperials—or he’d go under, they had no choice but to give it to him, because if he defaulted on his loans, the banks would go under, too, or at least be pretty seriously crippled. This included the Bank of the Empire, the Orca Treasury, and the Dragon Treasury, as well as some very large banks and some extremely powerful Jhereg about whom I suspect you don’t care but you ought to.”
“Stony?”
“No, oddly enough. As far as I know, he wasn’t directly in debt to Fyres at all. But, yeah, he’s in this—mostly because he wasn’t in debt.”
“How is that?”
“Wait. I’ll get to it.”
She nodded. I tried to read her expression, to see how she was taking this, but she wasn’t giving me anything. So be it, then.
“Eventually Lord Shortisle realized what was going on. One of his accountants found out first, but agreed not to say anything about the bank he knew was in jeopardy. He did this, you understand, in fine old Orca tradition, in exchange for having his pocket lined.” I considered, then said, “Maybe several of them did this, but I only know about one. And that poor bastard had no idea what scale this was on, or he wouldn’t have tried it. For all I know, this was happening all through Shortisle’s department, but it doesn’t matter, because eventually Shortisle found out about it.”
“How?”
“I don’t know, frankly. I suspect he has ways of knowing when his accountants are spending more money than they ought to; it was probably something like that.”
She shrugged. “All right. Go on, then.”
I nodded. “So Shortisle spoke to this mysterious accountant. I’m speculating now, I don’t know the accountant’s name, but I’m sure he was important in Shortisle’s organization because Vonnith always referred to him as a ‘big shot.’ At a guess, then, the conversation went something like this: Shortisle bitched him out, and informed him he was dismissed from the Ministry and was probably going to face criminal charges. The accountant said that if he was dismissed, the news would come out about why he was dismissed and the bank would fail. Shortisle asked why he should care about one bank. The accountant, who by now had at least a glimmer of what was going on, pointed out that, once that bank failed, others might, and maybe Shortisle should find how big the problem was before creating a scandal that would result in a general loss of confidence. Shortisle was forced to agree that this was a good idea.
“So our man from the Ministry of the Treasury starts looking into things, and finds Vonnith, or maybe someone like her, and discovers that every bank she owns or runs is in danger of collapse because everything she has—on paper—is tied into someone named Fyres. So he checks on Fyres to see who else is into him, and discovers that everyone and his partner is in the same position, and that it’s getting worse.” I paused. “The only reason I know about Vonnith is that she happens to own the bank that the old woman I’m trying to help saved at. There are probably scores of bankers in the same position she’s in, and she only gained importance because of me.”
“I don’t follow you,” she said.
“Never mind. You’ll see.”
“Continue, then.” Her hand was still resting near the dagger, but she seemed interested now.
I nodded and said, “So Shortisle pays Fyres a visit—”
“How much of this do you know?” she said. “Are you still speculating?”
“Yes. This is almost all speculation. But it holds up with what’s happened. Bear with me and I’ll try to draw all the connections.”
“All right. Go on, then.”
“He pays Fyres a visit to find out what can be done. Fyres is intractable. He tries to bribe Shortisle, he tries to dazzle him, he tries to sell him. He doesn’t get away with it, because, by now, Shortisle knows Fyres’s history, and he also knows, or is starting to know, how big this is. So he threatens to have Fyres brought down. Now, this is a bluff, Ensign. Shortisle can’t bring Fyres down, because it would bring down too many others and create chaos in the finances of the Empire, and it’s Shortisle’s job to prevent exactly that. What Shortisle wants is for Fyres to work with him in trying to ease out of this with as little damage as possible, and the threat is just to get Fyres’s attention so they can start negotiating. But the threat backfires—”
“Still speculation? It almost sounds as if you were listening to them.”
“Just bear with me. I may have a lot of the details wrong, but I know that Shortisle paid Fyres a visit. Chances are the conversation didn’t go like that, but the results are the same as if it had, so I’m trying to show you how it might have ended up the way it did. And, by the way, with what I know about Shortisle and Fyres, I might not be all that wrong.”
She shrugged. “Okay.”
I nodded. “Fyres gets scared by the idea of losing everything, because he’s done that twice before. If he, Fyres, is going to help Shortisle, he wants guarantees that he’s going to come out of this rich and powerful. Shortisle makes a counteroffer, saying Fyres will come out of this a free man, instead of spending the rest of his life in the Imperial prisons. That’s not good enough for our man Fyres—he’s on top now, and he sees no reason why he shouldn’t stay there. So he does something stupid: he threatens Shortisle. He tells him that he has contacts in the Jhereg—which he does—and that he, Shortisle, had better leave him alone.
“But Shortisle has a friend in the Jhereg, too; a fellow named Stony. Remember him? I promised we’d come back to him. Now, our dear friend Stony is extremely powerful in the Jhereg, and, just as important, he’s not directly in debt to Fyres, and, most important of all, he’s always, always, always willing to help out the Empire, because the Jhereg can’t function without help from the Empire.”
Timmer opened her mouth then, but I said, “No. I know what I’m talking about here. When I was a Jhereg, I regularly bribed the Phoenix Guards to overlook small illegalities. Nothing big, and nothing violent, you understand, but the little stuff that keeps the Jhereg earning, and keeps the Phoenix Guards in pocket change. It didn’t occur to me that the same thing was happening on a much larger scale all the way to the top until I messed with the official Jhereg contact to the Empire and I saw the heat that came down on me for it—that’s the main reason I’m on the run right now.”
She didn’t like it, but she said, “All right. Go on, then.”
“So one week later—”
“A week? What is this, a hard date, or more guessing?”
“A hard date. One week after Shortisle and Fyres have dinner together, Fyres goes out on his private boat to have a nice, relaxing sail with some business associates—how many of those aboard the boat were Jhereg, by the way?”
“Three,” she said.
“Okay. So he goes out sailing, and, late at night, he slips on the deck and—”
“Yes. I know that part.”
“Right. Okay, so Fyres is dead. Shortisle goes into action right away. Or, in fact, he’s probably ready to go into action before it even happens. He talks to Indus, explains the problem, and says they have to minimize the damage or everything falls apart, and there’s major chaos, and, just incidentally, Shortisle loses his job, because the Empress is a reborn Phoenix and doesn’t take people’s heads for incompetence.
“So someone—probably Indus—tells Domm, who works for her, that he has to just go through the motions of investigating Fyres’s death and conclude that it was an accident. Domm comes in, and, a week later, announces that everything is fine. The Empress hears about this, and the Warlord, and probably Khaavren, and they all immediately smell something funny, because there’s no way you could conclude something like that in a week. So, what do they do when there’s something fishy from one of the special Imperial groups? They send in the Tasks Group—yours, isn’t it?” I stopped and looked at her. “That’s what I’m betting my life on, you know. And I’m betting on it based on that one look you gave Domm. I don’t think you’re from Surveillance.”