The county got the stability of a fixed rate, while paying Wall Street to assume the risk of the variable rates on its bonds.
The shrinking or stagnant bonuses apply to nearly every area of Wall Street with employees working in fixed income feeling the most pain.
In recent years, Ambac, MBIA and others have ventured into insuring credit derivatives and other relatively newfangled fixed-income products invented by and peddled by Wall Street.
But that clarity is good clarity, especially at a time when individual investors have low confidence in Wall Street and few options to find fixed-income returns given the low-interest-rate environment.
FORBES: Dear Congress, When You Jump Off the Cliff, Remember to Save the Dividend
In recent years, Ambac, MBIA (nyse: MBE - news - people ) and others have ventured into insuring credit derivatives and other relatively newfangled fixed-income products invented by and peddled by Wall Street.
Unfortunately, if the brakes aren't fixed soon, this online delivery service will hit a wall.
To find the energy hogs, you simply plug each appliance into the meter in turn, and then plug the meter into the wall socket and leave it switched on for a fixed time.
ECONOMIST: The much-talked-of smart grid prepares to enter the home
The news comes as brokerage firms post mixed results, with Bear Stearns announcing Thursday that it came short Wall Street's expectations (See "Fixed Income Bowls Over Bear"), as did Morgan Stanley on Wednesday (See "Morgan Stanley Can't Keep Up").
The news comes as brokerage firms post mixed results, with Bear Stearns (nyse: BSC - news - people ) announcing Thursday that it came short Wall Street's expectations (See "Fixed Income Bowls Over Bear"), as did Morgan Stanley (nyse: MS - news - people ) on Wednesday (See "Morgan Stanley Can't Keep Up").
On Wall Street, the price of various services has been fixed for decades.
Since that first day, August 24, Wall Street and legions of Apple fans have had their gazes fixed on Cook.
Perhaps the time has come for a date to be set for obliterating all the old boundaries, a sort of telecom version of Wall Street's big bang more than 20 years ago, when fixed commissions were abolished.
It seems that Wall Street has convinced investors on Main Street to sell U.S. Treasuries and other fixed-income to buy U.S. equities.
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