Rule 34

base with which to pay. Maximizing short-term profit worked brilliantly for sociopathic executives looking to climb the promotion ladder—but as a long-term strategy for stability, a spiralling Gini coefficient left a lot to be desired.

The European Parliament responded by focussing on corporate governance. If corporations wanted to be legal citizens, the politicians riding the backlash declared, they could damned well shoulder the responsibilities of good citizenship as well as the benefits. Social as well as financial audits were the order of the day. Directives outlining standards for corporate citizenship were drafted, and a lucrative niche for a new generation of management consultants emerged—those who could look at an organization and sound a warning if its structure rewarded pathological behaviour. And as for the newly nationalized supermarket monopolies, a flourishing future as government-owned logistics hubs beckoned. After all, with no post offices, high-street banks, or independent general stores, who else could do the job?

“It’s a bank.” Dorothy shrugs. “We’re running a three-year review for them, focussing on human resources, internal promotion practices, and how they monitor compliance with social-policy directives for dealing with customers in default.” Defaults are a political hot potato in this deflationary age. The ground still hasn’t stopped shaking from the collapse of the noughties investment bubble, and only government intervention has stopped Scotland—and the other western EU members—following America down the road of mass repossessions, Greenspan favelas, and civil unrest. “Bankers aren’t stupid this decade; they know what happened to their predecessors. What we’re worrying about is getting to the next decade’s managers before they unlearn the lesson. And there’s some other stuff, but I can’t talk about that.”

Her mention of other stuff is uncharacteristically low-key. And you know Dorothy well enough to have a clue what makes her tick. “Usual rules?”

“Cross your heart and hope to spontaneously combust, more like.”

“Well.” You take a lick of salt from the rim of your glass, roll your tongue at her. “We can see about that.”

“I’m serious.” Her lips pale.

“So am I. What do you think would happen if I compromised a live intelligence-led investigation?” (Translation: Why do you want to tell me this?)

“Much the same.” She looks at you for a moment. “Is your phone on? Remove the battery.”

You stare at her. Then you reach into your handbag and take out your phone and pop the back of the case. “There’s a camera behind the bar. It’s overlooking the till, but it can see the mirror.”

“I know. I checked earlier. It’s hi-def, but we’re far enough away that it won’t record a good enough picture for lip-reading. And we’re less likely to be overheard here.” She pulls out her own phone and removes the battery. You suddenly feel as naked as you’ve ever been with her.

“You didn’t look me up just for old time’s sake,” you accuse.

“Not—entirely.” She doesn’t try to look away. “I’m sorry. Yes, I have an ulterior motive. I need a sanity check, Liz.”

“A sanity check? Banking ethics isn’t my—”

“This isn’t about banking. You’re on my disclosure notice; nobody’s going to think twice about me hooking up with a girl-friend.”

The indefinite article stings, a reminder of where you stand with Dorothy. “Disclosure notice. I’m not sure I like the sound of that.”

She waves it off. “It’s a sealed declaration of interests, for the enhanced background enquiry—so I can’t be blackmailed. It’s basically just an enhanced CRB check with extras, Liz.” She pauses. “You’re not in the closet. I mean, at work. Are you?”

“Not for years.”

“Good. Look, what I’m concerned about is that nobody’s likely to listen in on this, and anybody who notices us here is going to assume the obvious.” She slides her leg against your knee again. “Oh yes, I’m looking forward to Saturday. Are you?” Her eyes are gleaming. You focus on her lips, glossy and plump with anticipation, and shiver.

“If I were a man, I’d call you a cock-tease.” You manage to summon up something not unlike a coy smile.

“I’d like to take you upstairs after this drink, but I think my room’s probably bugged.” She says it so casually, it takes you a moment to understand her words. “I can understand if you don’t want that. Listening in, I mean.”

It’s like a bucket of cold water in the face. “Who’s bugging you?”

“I’m not entirely sure. It goes back about two months; I ran across some rather weird correlations when I was going over the transactions for—um, never mind. Anyway, my boss buried my email and reassigned me when I tried to raise it with him last month. Said it was circumstantial, and we didn’t have the resources to go after random leads. Well, I’ve been doing some more digging, and when I got here, I found a concealed camera in my bedroom and one in the shower.”

There is a famous optical illusion: a silhouette of a vase, which—once you know what to look for—suddenly flips into a silhouette of two faces looking at each other. (Or vice versa.) You’re looking at Dorothy’s face and one moment you could have sworn she’s excited, turned on—and the next, she’s frightened. Context is everything.

“What do you think’s going on?” you ask her.

She shoves her glass to one side of the table and leans forward. “I can’t tell you the details. But part of what we do is abstract social-network analysis on waves, IM, email, phone calls—looking for indicators of pathological communications patterns. If you can track who’s talking to who, you can work out which parts of an organization work together, and see emergent patterns of behaviour. It goes back to the classic study on Enron’s email corpus in the noughties, but there’s been a lot of work since then on agent-assisted NLP and transitive clique identification . . . There’s also some promising work on determination of ethical or conspiratorial networks. There are other data sets we can trawl exhaustively—the banking crisis, the full corpus of internal communications left behind in the wake of the Goldman Sachs collapse. All the data sets from businesses we’ve audited since the corporate- responsibility criteria were introduced, suitably blinded and anonymized. We use them to spot warning signs. You get a different pattern of communication in groups who’re colluding to instigate a cover-up, for instance.”

At this point, you’re working hard to keep your eyes open. Dorothy would have made a kick-ass accountant if she hadn’t decided to go into corporate psychoanalysis: She could bore for Europe in the Olympics if she wanted to. But you ken where she’s going with this. It’s not so dissimilar to what you do in the Innovative Crime Investigation Unit—which, come to think of it, is how you met her in the first place, at a conference on pre-emptive gang-crime prevention. “What did you find?”

“What got my attention is the bank I’m here to audit—I got an anonymous tip to look into something and, well, there’s a pattern of communication in their investment arm that looks worryingly similar to some of the crazier stuff that was going on in 2007. Subprime investments, dangerous quant stuff. Unethical, if not illegal. Only it’s not real estate this time, Liz. I pulled the audit trail, and it turns out they’re investing heavily in options trades based on government bonds from a breakaway republic in the back end of Asia.

“What’s alarming me is . . . round about 2009, one of the things that happened during the great recession was that banks almost universally ran out of liquidity, all over the world, simultaneously. It got to the point where national regulators started turning a blind eye when their banks accepted deposits in cash from, uh, irregular sources. Money laundering. Some say up to a third of a trillion dollars in black money was laundered into the global banking system during the crash. It was the last hurrah of the great drugs cartels: Decriminalization and the dollar collapse effectively bankrupted them over the next decade. But ending the war on drugs didn’t end organized crime, and there are still gangs out there with money to launder. Anyway, I got a tip-off. Began looking for signs of weirdness in the money supply in the, the Republic of Issyk-Kulistan. We’ve got far less data on them than on our own banks, but I didn’t have to look hard. If they’re so poor, and they’ve got a 40 per cent unemployment rate, how come their GDP rose 30 per cent on independence?

“Anyway? I took it to my line manager, and he told me to lay off. It’s all inconclusive, and anyway, it’s outside our purview. Drop it completely, in other words. Then I got sent up here to do a routine audit, and it turns out that my hotel room’s bugged. Also—I think I spotted a man following me yesterday. On the tram, home from work. I never thought I’d say this, but I’m scared, Liz.”