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.
約翰•肯尼思•加爾佈雷斯(John Kenneth Galbraith)關於1929年金融危機的經典著作——《大崩盤》(The Great Crash),第三章的標題爲「我們信賴高盛公司(In Goldman, Sachs We Trust)」,其高潮部分是對一個名爲「高盛交易公司」槓桿投資信託令人震驚的描述。這個信託可謂是那個時代的大規模債務抵押債券(CDO)。幾十年來,高盛一直是一家令人信賴的家喻戶曉的企業,直到1932年,一項國會調查將這隻複雜的基金拖進泥潭。