His relentlessly upbeat pronouncements on the company helped the $12 billion bond deal get done.

The company contends that the three companies failed to protect its interests in the two troubled bond deals.

This is the third unsecured global bond deal, bankers said.

"It is any business generated from those transactions to help them grow," like bond deals and initial public offerings of stock.

Recently, long-term bond deals have also become harder to sell.

He has just closed a $75 million bond deal for Bermuda, which earned his firm $375,000.

But the unraveling of the bond deal caused tensions to escalate.

The bond deal Nassau officials have structured would include an initial payment to the county of $170 million.

But these actions were not disclosed to buyers of the bond deal.

"This bond deal is hard to explain and easy to attack," he said.