She read through it. All the usual contractual stuff, bonus clauses,stuff like that. A $10 million bonus based on earnings targets - howsweet was that?Earnings.Sheila had said that the insurance transactions moved liabilities off thebooks, at a modest cost but with a large gain recognized from thelowering of the liabilities. The spider's web of derivative transactions,all of them contracts that were about batches of assets and liabilitiesbut didn't actually transfer any assets or liabilities, had the effect ofre-assuming the financial risk without re-assuming the actual insurancerisk."Yes," Jocelyn had said, "but who actually holds the derivativecontracts?" Oh, a bunch of foreign trusts and stuff, all offshore."Jocelyn blinked twice."I'm an idiot," she said aloud. "It's been staring me right in the faceall the time."Technically, that wasn't true. It had only been staring her in the faceonce she realized that the derivatives and the reinsurance contract wereconnected, and all the cost. I'd love a ride in that lovely car of yours again!"Quickly, we washed the dishes and put everything away, although it would have been even quicker if we hadn't stopped to hug and kiss every now and then. I took a quick shower and, since it was a warm, sunny day, put on a T shirt and a pair of shorts. Soon Steve was ready after an even quicker shower, and we left the house. Steve put the top of his car down, and we drove out to the parkway and headed north. He pulled off at an overlook, and we sat there, quietly enjoying each other's company and a magnificent panoramic view.Finally, Steve asked me, "Want to drive?" Of course, but I'll wait until tomorrow. Let's go back and get some lunch, and then figure out the rest of the day and tomorrow. Please, dear, tell me that you don't need to go back until Wednesday!" How can I refuse you! I told Murray that I wouldn't be back until Wednesday at the earliest, and he told me that they owed me plenty of time for the nights I had worked here in.
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