The lawsuit is structured around a claim under the Clean Water Act and a declaration that four of the defendants are liable under the Oil Pollution Act for all removal costs and damages caused by the oil spill, including damages to the environment.
The authors walk readers through the investment decisions made when the average American house decides to replace a hot-water heater, and why markets are currently structured to discourage buying more efficient heaters.
Goldman Sachs broker Fabrice Tourre, the person responsible for cobbling together the structured product deal that has landed the bank in hot water with the Securities and Exchange Commission, gossips about the Paulson short in an email exchange with colleagues in January 2007.