The 1981 police raid that exposed P2 — conducted at Licio Gelli's Arezzo villa — produced a membership list of 962 names that included the heads of all three Italian intelligence services, thirty generals, eight admirals, and senior figures from banking, politics, and media. The discovery of this list triggered a political crisis, but it also meant that Calvi — publicly identified as P2 member number 1624 — was now vulnerable on two simultaneous fronts. What were those two fronts, and why did their convergence in 1982 make him both dangerous to others and acutely exposed himself?