Previous Congressional hearings have put Goldman executives on the defensive about the fact that Goldman was selling these structured products at the height of the bubble while betting against them for its own books.

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Revenues from selling and trading structured products are almost two-thirds lower than in 2006.

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Hi-Crush, structured as a limited partnership selling units to investors, intends to pay out its available cash quarterly after paying expenses and establishing reserves.

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IKB, on the other hand, was an active and eager investor in the structured products Goldman was packaging and selling at the height of the bubble, the lawyers argue.

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The team, which is structured as a Wisconsin nonprofit, is selling 250, 000 shares in the initial sale, with authority to offer as many as 888, 000 shares.

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Yet the soundly structured companies and LBOS went on paying interest and selling paper and groceries and shoes.

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Barclays, HSBC, Lloyds and RBS have all agreed to stop selling the most complex products, called structured collars, to retail clients, and to provide redress to those that bought the most complex products.

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