Word: pipering
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Even Marcia Stasch got caught. She had sold securities for a living and so, naturally, she read the prospectus and the brochures from the local brokerage of Piper Jaffray that came on heavy-card stock paper. They offered a government bond fund that seemed the perfect place to invest the $50,000 Stasch's 86-year-old widowed mother had made after selling her home in Minneapolis, Minnesota. Not only did Piper tout the triple-A-rated fund as a low-risk investment, but also said it would produce enough income -- $318 a month -- to pay her mother's rent...
...Minneapolis-based financial-services firm disclosed that its investments in the arcane derivatives market could saddle investors with more than $700 million in losses. The debacle at Piper Jaffray Cos. stemmed from investments made by a single portfolio manager...
...than 1,000, a 95% drop in business, much of it due to the fears of lawsuits. Under existing laws, manufacturers can be sued any time a plane breaks down or is involved in an accident -- even if the sturdy little flyer has flown reliably for a quarter-century. Piper Aircraft Corp. of Vero Beach, Florida, made the famous Cub -- the little yellow plane that thrilled county-fair audiences with rides and stunts like the Flying Farmer, a "runaway" plane with Grandma on board and cornstalks streaming from its landing gear. Now the company is in bankruptcy. The $25 million...
...roommate plays Scrabble a lot more than Ido," says Allan S. Piper '96. "But my favoritegame is not a board game but a card game [namedBali], where you can build up words over a longperiod of time and you can make words like'fusillarian' and 'metaphysical...
Then there was an incident in which McDougal in effect swapped 20 Whitewater building lots, almost half the project's total, for little more than a twin- engine Piper Seminole airplane that was later sold for a loss of $13,000. That loss was absorbed by Madison Guaranty's depositors, but federal taxpayers eventually had to pick up the tab through the RTC. Another intriguing factor is that the plane was at one point owned by Seth Ward, the father-in-law of Webster Hubbell, then a law partner of Hillary's and now Reno's top deputy...