We offered investors a way to get regular income and still have a hedge against inflation in the form of the commodity backing.

FORBES: Dow Jones Interactive

Both men, Pierre Lapeyre and David Leuschen, had helped form Goldman's commodity trading business, and Leuschen had been a director at Aron.

FORBES: Did Goldman Goose Oil?

"Touch is a hot commodity across all form factors, " said Brad Brooks, a Microsoft corporate vice president.

WSJ: Android Emerges as Big Rival to iPad

But, thanks largely to two huge slices of good luck, in the form of Asia's crisis and falling commodity prices, these concerns proved premature.

ECONOMIST: In due course it will stop. Until then, one stands in awe

This has been based on reasonably sound policies, abrasive treatment of private creditors and a large dollop of luck in the form of high prices for Argentina's commodity exports.

ECONOMIST: The IMF and Argentina