During three months of QE3, 4Q2012, nominal GDP (NGDP), which is precisely the variable that QE3 is supposed to stimulate, hit a wall.

FORBES: Move up http://i.forbesimg.com t Move down

The county got the stability of a fixed rate, while paying Wall Street to assume the risk of the variable rates on its bonds.

FORBES: Beware The Son of Subprime

Wall Street has also been churning out private prepaid variable forward deals.

FORBES: The Lauders did it. So did Craig McCaw and Ronald Perelman.

The subpoena was served by Secretary of the Commonwealth William Galvin and seeks information about whether the leading Wall Street firm received secret payments from insurance companies to sell their variable annuity products.

FORBES: Morgan Stanley Subpoenaed Over Annuity Sales