Chapter three of John Kenneth Galbraith's classic book, The Great Crash, about the financial crisis of 1929, is entitled “In Goldman, Sachs We Trust”. The chapter's climax is the startling account of a leveraged investment trust called the Goldman Sachs Trading Corporation, that era's version of a massive collateralised debt obligation. Goldman Sachs had been a trusted household name for decades when a 1932 congressional investigation dragged this complex fund through the mud.
约翰•肯尼思•加尔布雷斯(John Kenneth Galbraith)关于1929年金融危机的经典著作——《大崩盘》(The Great Crash),第三章的标题为“我们信赖高盛公司(In Goldman, Sachs We Trust)”,其高潮部分是对一个名为“高盛交易公司”杠杆投资信托令人震惊的描述。这个信托可谓是那个时代的大规模债务抵押债券(CDO)。几十年来,高盛一直是一家令人信赖的家喻户晓的企业,直到1932年,一项国会调查将这只复杂的基金拖进泥潭。