Own a piece of a pirate

Somali sea gangs are now selling shares:

In Somalia’s main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate.

It is a lucrative business that has drawn financiers from the Somali diaspora and other nations — and now the gangs in Haradheere have set up an exchange to manage their investments.

Said one, um, interested party:

“Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 ‘maritime companies’ and now we are hosting 72. Ten of them have so far been successful at hijacking.

“The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials … we’ve made piracy a community activity.”

The really remarkable aspect of all this, if you ask me, is that ACORN didn’t think of it first. Too capitalist-sounding, maybe?

(Via SteveF at Daily Pundit.)





4 comments

  1. McGehee »

    2 December 2009 · 2:21 pm

    The really remarkable aspect of all this, if you ask me, is that ACORN didn’t think of it first.

    Or rather perhaps, that evidence of such hasn’t yet been uncovered. Oh Breitbart…!

  2. Lisa Paul »

    2 December 2009 · 5:55 pm

    This is tried, true and traditional pirate methodology since the time of Sir Francis Drake through the privateers and down to Captain Morgan.

    YOu can sign me up. I’ve given too much of my money to the pirates on Wall Street.

  3. CGHill »

    2 December 2009 · 6:53 pm

    Yea, verily. And the various Captains of Wall Street won’t even allow you the dignity of walking the plank.

  4. Kay Dennison »

    2 December 2009 · 9:04 pm

    You got that right, Chaz!!!!!!

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