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CHAPTER 1
I prayed my father was right that I could trust the man I was about to meet.
The law offices of Hennigar and Partners were located on Cambridge Parkway, overlooking the boats moored along Boston's Charles River Basin. I found a spot on the road outside the building, fed the meter with quarters, and walked into reception. Compared to the mega-firms I was used to dealing with at work, the place was austere — no oversized vases of fresh flowers, no Nespresso coffee machine, no expensive artwork on the walls. This was a firm with a handle on its costs. It reminded me of Dad's old practice where a large fee was measured in the low thousands, not millions.
The senior partner was a short man in his late fifties, almost bald on top, except for a wavy two-inch thatch of gray above his forehead. The suit he wore looked expensive, but the pants were far too tight, emphasizing his considerable paunch. The missing lower button on his outstretched shirt didn't help much either. As long as I can trust him, nothing else matters, I thought.
"Doug Hennigar," he said, offering me his outstretched hand.
"Damon Traynor," I said, trying to smile. "My father speaks highly of you."
"He's very generous. Did he tell you I learned everything about the law from him?"
"He mentioned you worked together, yes."
"If it wasn't for your father," Hennigar's face filled with pride, and he circled the air with his finger, "none of this would've been possible. So when he called me yesterday, I said I'd be delighted to help his son out." He pointed to the chair on the other side of his walnut desk. "Please take a seat."
"Thanks for agreeing to see me at short notice." I stared at the space behind him. A preserved blue marlin was screwed into the drywall.
Hennigar must have been watching for my reaction. "Caught that one in Hawaii a couple of years back." His face lit up with the memory. "Sure put up a fight, I can tell you."
"I've never tried it."
"You should. It's a lot of fun. They smoke it over there you know. Sort of enhances the flavor."
"I'll add it to my bucket list."
An open box of cinnamon rolls was sitting on the credenza. He picked it up and held it in my direction. "Hungry?"
"No thanks, I've had breakfast."
Hennigar laughed. "So have I, but these babies, well ..." He devoured half of one in a single bite then wiped his fingers on a handkerchief. "Your father tells me you run a private equity firm here in Boston."
"That's right. I set up CCP last year, but that's not why I'm here."
"Then I assume this is a personal matter?" Another bite and the pastry was gone.
"It is."
Hennigar looked at his fingers then licked the sugar off them. "What can I do for you?"
"I need you to keep something for me."
"Sure. What is it?"
"A document. Something really important to me."
"I'm guessing a will or some deeds, maybe?"
"No. Nothing like that. I can't tell you what it is. Is that a problem?"
"Not at all. I was just curious. How long do you want me to keep it?"
"I don't know yet."
Hennigar tilted his head. "Okay."
"I'm hoping one day, I'll be able to come and collect it from you." I leaned forward, reached into my briefcase to retrieve a sealed envelope, and slid it across the desk. The man in front of me had no idea of the risk I was taking. To say I was scared witless would be a massive understatement.
Hennigar pointed to the single word written in capital letters on the outside of the envelope. "What does 'MYLOR' mean?"
"It's better you don't know."
He wrinkled his nose. "You said you hope to collect this someday."
"That's right."
"So there's a chance you won't be back for it?"
"It's possible. And if I don't come back, there's something I need you to do for me."
"I don't understand. Why wouldn't you come —?"
"It means I will have been killed."
Hennigar stopped reaching for another pastry and suddenly looked worried. "You have my attention." He paused. "Are you in some sort of trouble, Damon?"
I ignored the question — I had no choice. To answer that one truthfully would take me all day, and he'd never agree to help me if he knew the kind of trouble I was in. "Look, if you hear of my death, I need you to open the envelope."
"And do what exactly?" Hennigar's tone was more cagey than concerned.
"Copy the contents and send them to every news channel and newspaper you can find."
"Whoa." He bolted upright in his chair. "I'd like to know what I'm getting into here."
"It's better that you don't. Believe me."
Seemingly lost for words, Hennigar rubbed his two chins with his left hand. "I hope this is nothing illegal?"
Another difficult question. What was inside the envelope pointed to a mountain of illegal activity, but none of it was mine. "I wouldn't ask you to do anything like that."
Hennigar looked unconvinced. "You know if it wasn't for your father ..."
"I get it and I can't tell you how grateful I am for your help."
He exhaled loudly through his nose. "Forgive me, but how will I know you're dead?"
"I'll ask my father to contact you with the news."
Hennigar put the lid down on the box of doughnuts and pushed it out of reach. "Do you think something will happen to you?"
"I hope not, but if it does, it's really important you do this for me."
Four months earlier
President Brad Halley retired at midnight and rose at four — the same hours he'd kept when he was a five-star general in the U.S. Army. Sleep was a waste of time. Now almost seventy, and still sporting a military crew cut, he looked a good ten years younger — a product of his strict vegetarian diet and daily exercise routine. After an early morning workout in the White House gym, he'd wade through his correspondence and make a few phone calls, both tasks he couldn't stand. For Halley was a man who preferred face to face meetings where he could look the other person in the eye, weigh them up, and study their body language. Such meetings could be called any hour of the day or night, and members of his cabinet were expected to be available at all times. Those who needed more than four hours of sleep or simply couldn't take the pressure didn't last long in the Halley administration.
"Everyone is ready, sir," said one of his personal assistants standing in the northeast door of the Oval Office, poking her head into the lion's den.
President Halley looked up from the mountain of papers spread across the Resolute solid oak desk. "Everyone?"
"Yes, sir. I've double checked."
"Very well."
He stood, took a moment to straighten his tie, and slipped on his jacket. He marched through to the adjoining Cabinet Room and took his seat at the middle of the long mahogany table, his back facing the French doors leading to the Rose Garden. The room, which moments earlier had been filled with a cacophony of voices, fell quiet.
Halley held a bunch of papers in his hand and waved them in the air. "I assume you've all read these?" he asked, working around the table, making eye contact and collecting the nods. "Then I'll hand right over to Secretary Allen, who's going to explain how we found ourselves in this shithole." He glared at Allen, who licked his lips and swallowed. "Then we'll discuss how we're going to get out of it." He jabbed his right index finger across the table toward Allen. "Go."
Treasury Secretary Allen cleared his throat. "Thank you, Mr. President," he said, his fingers revealing a slight tremble when he picked up his notes. A career civil servant in his mid-sixties, Allen was a gaunt, weedy-looking man with the pallor of someone badly in need of some sun. "I'd like to start by drawing your attention to page six." He waited until his colleagues had turned to the relevant page and then cleared his throat again. "When this administration took over three years ago, we inherited a record level of debt. For every ten dollars of federal spending, five dollars had to be borrowed. I refer you to the tables on — "
Halley rolled his eyes before leaning forward onto his forearms. "In other words, our nation was living way beyond its means, and only at the expense of the generations who follow us," he said, then pointed to Allen again.
"Thank you, Mr. President. Succinctly put, as usual."
Halley tapped the ends of his fingers together. "Move on to the main issue, would you?"
"Of course, sir. Borrowing at those levels was unsustainable, which is why we had to raise taxes and slash government spending the moment we came into office. Even today, after all that pain, we still have to borrow three dollars for every ten we spend. That was sustainable while foreign nations were prepared to lend to us —"
"He means the Chinese," Halley said. "There's no one else out there with a big enough checkbook."
At the far end of the table, the attorney general laughed, but soon stopped when Halley's face made it clear he wasn't joking.
"Yes, the Chinese," Allen said before looking down at his notes. "They've bought over ninety percent of all U.S. Treasury bills sold to foreign nations in the last decade." He looked up. "Trouble is, three weeks ago, they stopped buying them. They completely shut off the tap."
"One day they were lending to us." Halley clicked his fingers. "The next, nothing. It's a belligerent, calculated move," he said, chopping the side of his right hand into his left palm with each word.
"They say there's better value in European government debt," Allen said.
"I know what they're saying, but it's complete bullshit. Most of Europe is broke. Look at the state of Greece, Portugal, Italy, Spain. I could go on. You're telling me they'd rather lend to that lot?"
Some cabinet members shook their heads in disbelief, while others held their heads in their hands — anything to demonstrate to their boss they were listening and taking this as seriously as he was.
"If we continue as we are, unable to borrow, this country will default on its obligations within months," Allen said. "All of our budget cuts will have been for nothing."
"A few months," said Halley, thumping the table with his right hand, "before this great nation is bankrupt. It's economic warfare. The Chinese see our weakness and are intent on exploiting it. Well, we're not taking it. I want you to understand one thing: this country is not going down on my watch. That will never happen."
"Can we really cut expenditures any further?" the secretary of Defense asked, sitting right across the table from the president. "We've seen some social unrest already, but we've managed to keep a lid on it. Deeper cuts and there'll be riots. It'll make Greece look like a kids' party."
"We'd never see a second term," the attorney general said, safe now that someone else had put his head above the parapet.
Halley banged the table again. "Have you heard anything we've said? This is not a debate. We don't have that luxury."
"All I was trying to say —"
"This morning, I instructed Secretary Allen to take another brutal look at expenditures, but even that's not going to be enough. We have to do more," Halley said. "Much more."
"I can't see how —" said the secretary of defense, before being chopped off at the knees by Halley's icy stare.
"We need cash fast," Halley continued. "I've already ordered Secretary Allen to investigate and action the sale of all government-owned assets. Nothing is sacred. I want that understood." He paused a moment, taking the time to look at every member of the cabinet. "If we can sell it, then it goes on the block. No arguments. No special pleading. No excuses. The Chinese will soon get the message. When they see we're not going over the cliff, they'll come to their senses. In the long run, they need a relationship with this country if they want to keep our market for their goods. They know that as much as we do."
The meeting lasted another hour. When Halley had wire-brushed every member of his cabinet, he brought it to a close. "Ladies and gentlemen, you know what we have to do. Our nation is in crisis, and it will not be solved by exercising our jaws in this room. An ounce of action is worth a ton of talk, so let's get on with this." He rose from the table and marched out.
Immediately afterward, Secretary Allen returned to his own office, closed the door, and picked up the phone. He punched in the number from memory.
"Patterson," the voice at the other end of the line said.
"It's me."
"How'd it go?"
"As expected. The president spelled it out so everyone in the cabinet understood."
"Do you think they really get this country is on the brink of financial disaster?"
"They do now."
Patterson paused. "So, are you ready to do this?"
Allen hesitated, pinching his chin with the fingers of his left hand. "I think so."
"You don't seem certain."
"I am. I can't see another way out."
"How much does Halley know about the plan?"
"Everything. I talked him through it before the meeting."
"Better that way. We don't want any misunderstanding."
"And your man in Bethesda. Is he ready?"
"Mylor's in good shape. He's had a whole team laying the groundwork for weeks, just waiting on you and Halley to give the word."
"He knows how to do this, right?"
"Mylor's the best man I have. He'll do whatever it takes to get it done, but we don't have a lot of time."
"Okay. Then start pressing the buttons — quickly."
Allen replaced the receiver then stared at the reflection of his terror-filled face in the monitor of his PC.
USS Dean Franklin broke all records when it was launched two years earlier: the world's largest naval vessel ever built at one hundred and eighty thousand tons, the fastest aircraft carrier with a maximum speed of fifty knots — propelled by eight nuclear powered steam turbines — and, when it overran its initial budget by thirty percent, the most expensive single piece of military hardware ever commissioned, at a final cost of eleven and a half billion dollars. The press called it a monstrous extravagance when the country was broke — proof positive that politicians should never be trusted with the nation's checkbook. It didn't matter that it had been ordered some twelve years earlier in another era when the U.S. ran a budget surplus.
In one of the officer cabins, Ben Mylor shook his head, scribbled another note in the margin and double underlined it. So far, he'd read fifty-two pages of the document in front of him and he'd written comments on every sheet, none of them positive. Since joining the carrier in Hawaii two days earlier, he'd reviewed six sale memoranda drafted by the team at DH&W, and none of them had made the mark. They'd all have to be rewritten. Why was it that the best investment banking brains in the country were unable to write in plain English? This is meant to be a selling document, not a damn technical manual, he thought, throwing the papers onto his tiny bunk.
Someone knocked on the cabin door, breaking the constant background hum of the engines.
"Come," Mylor said.
A young naval officer, in service dress blue, opened the door, letting in a rush of fresh air. "We're ready for you now, sir."
"At last. Another day on board this thing ..." Mylor knocked over his coffee cup as he reached for his jacket hanging on the back of the chair. "How do you live in these cramped conditions?"
"Sir?"
"Forget it. Let's go."
Mylor followed the lieutenant along the officers' cabin deck then up three flights of metal steps before reaching the bridge. There, he walked into a sea of blue uniforms crowded around the main Sperry Marine control panel.
"Mr. Mylor, everything's ready. Just waiting on your order," the captain said, emerging from the huddle, his face glowing with pride.
"Where are we exactly?" Mylor asked, rubbing his eyes as they adjusted to the increased light level on the bridge. He slipped on his sunglasses.
"Thirteen hundred miles northwest of Honolulu," the captain said, handing over a pair of binoculars. He pointed toward the horizon. "I suggest you focus on that buoy."
Mylor removed his sunglasses, focused the left lens first and then the right. "Got it. How far is that?"
"Fifteen hundred yards."
"And the sub is on the other side of the buoy, right?"
"That's right. An LA class operating sixty yards below the surface. Are we clear to continue?"
"Just a moment." Mylor lowered the binoculars and turned to the three-man camera crew at the back of the bridge. Two of them held shoulder-mounted Sony camcorders. "Are you guys set?"
"Ready when you are, sir," the one without a camera said. He was in charge and directing the filming.
"Don't screw this up. We'll only have one take."
All three nodded.
"Go ahead, Captain," Mylor said.
(Continues…)
Excerpted from "Shakedown"
by .
Copyright © 2017 Martin Bodenham.
Excerpted by permission of Down & Out Books.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
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