The orbital bomb had almost triggered Armageddon: three Cruise missiles had to be aborted, and fortunately two more were shot down by the Russians before the terrorist cell took credit for the upper atmospheric blast. Most of the bomb’s blast had been directed upward; what came downward, though, was the side effect of its blast: the EMP. An electromagnetic pulse that—just as had been predicted since the 1970s—traveled through thousands of miles of wires and circuitry on the continent below the H-blast. The Defense Department was shielded; the banking system, for the most part, was not. The pulse wiped out ninety-three percent of the newly formed American Banking Credit Adjustment Bureau. ABCAB had handled seventy-six percent of the nation’s buying and credit transferal. Most of what was bought, was bought through ABCAB or ABCAB related companies ... until the EMP wiped out ABCAB’s memory storage, the pulse overburdening the circuits, melting them, and literally frying the data storage chips. And thereby kicking the crutches out from under the American economy. Millions of bank accounts were "suspended" until records could be restored—causing a run on remaining banks. The insurance companies and the Federal guarantee programs were overwhelmed. They just couldn’t cover the loss.