Adam Haslett - Union Atlantic

What little he remembered of the experience, he recalled fondly. A nail-gun injury on the second day had put him on the sidelines of the actual construction, but he’d made the most of the company. The four jumbo tubes of Crest he’d emptied and stuffed with the finest of the local crop had sailed through customs at Logan in his toiletry bag and made it safely back to the house. Life since had taken on a new texture. Jason had hacked around on an electric guitar for years but it was only after returning from this trip, after hours of practice in the soundproofed basement, that he’d begun to realize just how outsized a talent he might be. Others had not fared so well. Interlopers to the gang of four had come, smoked, required Xanax, and fled. The first girl Hal had courted since sophomore year had wept in terror at the sight of the Hollands’ tabby cat and demanded to be driven home. When seriously gotten into, the new stuff was an all-hands-on-deck kind of experience.

And so it came to pass that in the late stages of this particular session, at the point where someone usually threw in the towel and began agitating for food, reprisals instead intensified. Nate, coming to Emily’s defense in response to the hit on her defective relative, went straight at Mrs. Holland’s alcoholism.

“Oh, that’s a good one,” Jason said, sitting with bare, rounded back at the end of the diving board. “That’s a real good one. It reminds me, I’ve been meaning to ask you, Nate, how’s the widow? Your mother, I mean. The one who’s sitting at home right now. The one who’s going to watch the fireworks alone tonight. Ever think maybe you should spend a little more time with her?”

The question stung but the line of attack had been used before, hardening him to the sharpness of it.

“Whatever,” Nate said, lying back in his deck chair. “You haven’t been able to ejaculate since you started those anti-depressants.”

Jason leapt to his feet and came around the pool to stand over Nate, his face flushed and shiny with bakeage. “You’re a liar. At least I haven’t been spending my nights on my knees sucking some stranger’s cock.”

“Jason!” Emily shouted, leaping up from her chair. “Shut the fuck up!”

In this game, surprise was the only trump and Jason had played it. Nate had thought it would be safe to share his secret with Emily, but he’d been wrong.

“Interesting,” Hal observed, crossing his legs and lighting another cigarette with which to enjoy this final round.

“I mean I knew you were queer,” Jason said, “but senior citizens? Is that some kind of fetish thing? You like Daddy?”

“You are such a royal asshole,” Emily said.

“Come on, tell us. What does the old man taste like?”

“Fuck you,” Nate said, picking up his book and towel and heading back into the house. Just inside the door of the Hollands’ solarium, he paused, listening to the whir of the engines powering the Jacuzzi and the sauna and the air conditioner, the THC in his blood still burning down the cells of his brain.

He could go home if he wanted. But things were too real there, too slow. And what use would it be heading over to Doug’s? Six nights in a row now he’d gone to the mansion at ten or ten thirty and, finding the lights out and no car in the driveway, waited by the side of the garage until eleven thirty or later. Most nights the sky had been clear, the trees on top of the hill by Ms. Graves’s house visible in black profile against a dome of pinhead stars. Sitting on the cool grass, he’d wondered what his father would have thought of him, waiting there in the dark for this man. Or what he would have thought about the things Nate had done with Doug already. It was a habit of late, this guessing at his father’s judgment of the things he did or said. Yet no matter how often he tried it, the result was always the same: it didn’t matter. Nate wanted it to, but it didn’t. Imagining his father’s reactions was just an end run against his being gone, his having chosen to go. As if an endless hypothetical could keep him alive. The fact was, if Nate wanted to sleep in Doug’s bed, no one but Doug could stop him. He was already that free.

With no idea where to go, Nate stepped into the back hall of the house. From the kitchen, a procession of waiters in black trousers and white smock shirts appeared, sliding past him, trays of wine balanced at their shoulders. One of them, a narrow-faced redhead with thyroidal eyes, spread his bulbous glance down Nate’s bare chest like a cat stalking a bird, a lubricious grin playing across his lips as he sped by, leaving Nate feeling as alone as he ever had.

IGNORING THE PARKING minders trying to wave him in, Doug sped past the entrance to the field and turned right at the intersection, and then right again, winding his way around to the far side of the property. He’d attended plenty of the Hollands’ parties over the years and was in no mood for one this evening, but his business with Jeffrey couldn’t wait any longer.

All weekend, he’d camped out in a conference room with the door locked and McTeague on speakerphone, as they worked through each fabricated transaction until by Sunday night he’d assembled the full picture: Atlantic Securities, and not its supposed clients, held thousands of futures contracts obliging it to purchase Nikkei tracking shares at a price hundreds of points higher than where the Japanese index now traded. As they presently stood, McTeague’s positions represented a loss of more than five billion dollars. With each further drop of the Nikkei, the loss grew exponentially.

For the moment, Doug had taken the only practical step: he’d kept McTeague in place and continued to funnel him enough cash to cover the margin and hold the positions open so the losses would remain, for now at least, unrealized. But he couldn’t keep Holland out of the loop any longer. For one thing, Finden Holdings was running out of money to lend Atlantic Securities and would need more from Union Atlantic as early as tomorrow. More important, they had now reached a line over which Doug had no intention of stepping alone. Setting up a single-purpose vehicle like Finden Holdings to get around regulatory limits was one thing; it skirted rules without quite violating them. But what Atlantic Securities and its parent bank would have to do now to survive was altogether different: deception of the exchange authorities and the deliberate misstatement of the company’s exposure to the shareholders and the public. Doug knew well enough how the principals defended themselves in investigations of this sort of thing. They did what Lay had done at Enron — claim ignorance of operational detail. Cutting the occasional corner might have been an implicit part of Doug’s job in special plans, but he had no intention of letting Holland play dumb on a scheme this size.

When he saw the lights of the party through the trees, he pulled to the side of the road. He hadn’t walked twenty yards along the fence when he glanced to his left and noticed a high juniper hedge, which seemed oddly familiar to him, almost as if he’d dreamt of it. Coming closer, he recognized the gap in the bushes and the white gravel drive. It was the Gammonds’ house, where his mother used to clean, where he used to pick her up in the afternoons, its brick façade smaller than he remembered it, the shutters painted white now rather than dark green. He’d never come to the Hollands’ from this direction and hadn’t known this house was so nearby.

The sight of it brought him up short. Picturing the old lady in her jade necklace, a moment he hadn’t thought of in years came back to him, an exchange they’d had the last time he’d come here.

She had asked, as usual, how school was going, but instead of giving his standard curt reply, he’d told her what he hadn’t figured out a way to tell his mother — that he was leaving, going into the navy. No one else but the recruiter had known, not even his cousin Michael. He had wanted to shock the old lady, to show her that he was more than her cleaning lady’s son. But she hadn’t been the least surprised. “Good for you,” she’d said. “My father was an admiral, commanded the Second Fleet during the war. He always had tremendous respect for the enlisted men.”