The residents of Carrport had not always been such. When Caleb Carr built his first house and pier at Carr’s Cove (he’d named that, too), it was mostly as a place to keep his wife and family while at sea, and to sort and store his fish, salvage, and loot when ashore. Other crew members eventually built little homes around the cove for their own families. An enterprising second-generation youngster who suffered from seasickness stayed on land and began the first general store.

By the time Caleb Carr died, in 1856 (his last act was an anti-Abolitionist letter to the New York Times, which ran in the same issue as his obituary), he was rich in honors, rich in family, rich in the esteem of his fellow Americans, and rich. His seven children and four of his grandchildren all had homes in Carrport, and he could look forward from his deathbed to a solid community, ever carrying his name and prestige and philosophy onward into the illimitable reaches of time.

And yet, no. For half a century Carrport dozed, growing slowly, changing not at all, and then . . .

Every generation, New York City produces another wave of nouveaux riches, and every generation a giddy percentage of these head east, out to Long Island, to establish yet another special, trendy, in, latest, au courant, swingin weekend hot spot. Carr’s Cove got its invasion in the twenties, young Wall Streeters with Gatsby self-images and faux flapper wives, who loved the frisson that came from the sight of those ships’ lights offshore; smugglers! The booze the weekenders would drink next Friday was gliding shoreward right now, through the deep ocean black. (In truth, those passing lights were mostly fishermen, homeward bound, and the booze the Carrporters would consume next weekend was being manufactured at that moment in vats in warehouses in the Bronx.)

Whatever is in will be out. The Gatsbys and their flappers are long gone, dustbinned by their children as “square.” The faint air of Carrport raffishness so beloved by the weekenders of yore is now replaced by an air of moneyed fastidiousness. Housing for those in the service trades and some commuters has ringed the original town with a wimple of the standard Long Island sprawl. (All suburbs look like paintings from before the discovery of perspective.) The alleged Fredric Albert Mullins and his neighbor, the dubious Emmaline Anadarko, all of Red Tide Street, lived or had lived out there. But the big old sea-captain houses, shingled, ample, dormered, well-porched, white-trimmed, still ring the cove as they always did, facing out to the unchanging sea, today owned mostly by corporate types and, in a few instances, by corporations themselves.

Today’s recurrent Carrporters are for the most part business lions for whom the beach house is merely an adjunct to the pied-à-terre penthouse in Manhattan. These people actually live in London and Chicago and Sydney and Rio and Gstaad and Cap d’Antibes and Aspen and—Well. Don’t ask them where “home” is. They’ll merely shrug and say, “Sorry, only my accountant knows the answer to that.”

At the moment, six of the big old houses around the cove are owned by corporations rather than persons, and are used—according to those same accountants—for “meetings, seminars, client consultations, and focus groups.” They are also oases of rest and recuperation for the senior executives of those corporations, should one of them find himself forced to be in Boston or New York or DC with a sunny weekend coming up.

One of these latter houses, number Twenty-Seven Vista Drive, is carried on the books of Trans-Global Universal Industries, or TUI as it’s known on the Big Board, or Max Fairbanks, as it’s known in the world of palpable rather than corporate reality. Max Fairbanks, a billionaire media and real-estate baron, owns much of the planet and its produce and people, through various interlocking corporations, but the threads, for those who can follow them—and no one but the previously mentioned accountants can begin to follow them—all lead eventually back to the parent corporation, TUI, which is corporeally incorporated in the person of Max Fairbanks.

Who had been having a bad year. A few business deals had come unstuck, a few politicians in various precincts around the world had come unbought, and a few trends promised by the specialists had not come through at all. Cash flow was brisk, but in the wrong direction. Downsizing had been done when times were good, so now, when there was need to cut the fat, there was no fat left to remove. Max Fairbanks was far from poor—several light-years from poor, in fact—but his financial problems had forced him into an uncomfortable corner and he—or his accountants, those guys again—had at last taken action.

“He’s in Chapter Eleven,” Gus Brock said.

“Is this a person,” Dortmunder asked, “or a book?”

They were on the 7:22 Long Island Railroad commuter train out of Grand Central, running eastward across the suburbs, surrounded by workaholics still focused on their Powerpaks. Gus, a blunt and blocky guy with a blunt and blocky mustache that seemed to drag his face downward as though it were woven of something heavier than hair, said, “It’s a bankruptcy.”

“This guy is bankrupt?” Dortmunder frowned at his coworker’s sagging profile. “This guy is broke, and we’re on our way to rob him? What’s he got left?”

“Zillions,” Gus said. “What falls outta Max Fairbanks’s pockets every day is more’n you and me see in a lifetime.”

“Then how come he’s bankrupt?”

“It’s a special kind of bankrupt they have for people that aren’t supposed to get hurt,” Gus explained. “Like when countries go bankrupt, you don’t see an auctioneer come in and sell off the towns and the rivers and stuff, it just means a court takes over the finances for a while, pays everybody eight cents on the dollar, and then the country can go back to what it was doing before it screwed up. This guy, he’s that kinda rich, it’s the same deal.”

Dortmunder shook his head. All of finance was too much for him. His understanding of economics was, you go out and steal money and use it to buy food. Alternatively, you steal the food. Beyond that, it got too complex. So he said, “Okay, it’s just one of those cute ways rich guys have to steal from everybody without having to pick locks.”

“You got it.”

“But so what?” Dortmunder asked. “If he’s still got everything he had, and he had zillions, what do we care what chapter he’s up to?”

“Because,” Gus said, “this place out in Carrport, it belongs to the corporation, and so the court has jurisdiction over it now, so nobody’s supposed to use it.”

Dortmunder nodded. “It’s empty, you mean.”

“Right.”

“Okay. If that’s all.”

“That’s all,” Gus agreed. “Max Fairbanks is in Chapter Eleven, so the house his corporation owns in Carrport is under the control of the bankruptcy court, so nobody’s supposed to go there, so it’s empty.”

“So we go there,” Dortmunder said. “I get it.”

“Piece of cake,” Gus said.