This New York Times Saturday cover story reveals criminal subpoenas have started coming down in the antitrust colossus. All of US Bancorp Piper Jaffray�s close personal corporate friends have received theirs. The focus of the government is on the anticompetitive sole source contracts throughout the health care industry, the ones that US Bancorp Piper Jaffray hyped when they were pumping and dumping all those health care technology stocks. It turns out USBPJ even had interlocking directors with Novation, the criminal enterprise of the millennium. So the big question now is who takes the fall US Bancorp or Piper Jaffray (not who did it, the truth is just another commodity to be bought and sold on Wall Street)?
It�s the final minutes of the game and under this enormous pressure, we gotta have someone with super human greed who can keep his cool and make those last few key moves that make the difference between a mediocre bank holding company and a Fed fire sale. The Grundmaster might have saved his 8th largest criminal enterprise from civil financial liability (even if it gets written off in their BK) if not judicial liability by tricking PJ into guaranteeing the loss. But now, in the last moments of the final play, can he control which one them closes shop and sends their key people to jail? This is where this board has been all wrong about Gyppie. He�s world class when it comes to ending up with the marbles. The big gov�t bear is chasing Gyppie and PJ and I bet Grundmaster trips PJ just before the buzzer!