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Somali Pirates Open Up a "Stock Exchange"

reginaldo writes to clue us that pirates in Somalia have opened up a cooperative in Haradheere, where investors can pay money or guns to help their favorite pirate crew for a share of the piracy profits. "'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,' Mohammed [a wealthy former pirate who took a Reuters reporter to the facility] said. ... Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out after one of the gangs freed a Spanish tuna fishing vessel. 'I am waiting for my share after I contributed a rocket-propelled grenade for the operation,' she said, adding that she got the weapon from her ex-husband in alimony. 'I am really happy and lucky. I have made $75,000 in only 38 days since I joined the "company."'"

25 of 666 comments (clear)

  1. Paging Bernie Madoff Clients... by Skellbasher · · Score: 5, Funny

    Have we got a great deal for you!!

    1. Re:Paging Bernie Madoff Clients... by francium+de+neobie · · Score: 2, Funny

      Is it the type of offer they can't refuse?

    2. Re:Paging Bernie Madoff Clients... by fuzzyfuzzyfungus · · Score: 2, Funny

      Almost certainly better than the last one they got, ironically enough...

    3. Re:Paging Bernie Madoff Clients... by iamacat · · Score: 5, Funny

      Besides the pirates would probably not have bought the goods anyway, but may in future after they had a chance to sample them.

    4. Re:Paging Bernie Madoff Clients... by Anonymous Coward · · Score: 1, Funny

      funny you say that. You know what the most ironic thing is? Even *these* pirates didn't take anything.

  2. Hey Somali Pirates! by MillionthMonkey · · Score: 4, Funny

    Do you need an interactive website? Is telecommuting OK?

    1. Re:Hey Somali Pirates! by fuzzyfuzzyfungus · · Score: 2, Funny

      Just tell them about your extensive experience with RPGs. Make sure to keep a straight face when you tell them that "zork" is, in fact, a particularly obscure unlicenced eastern-bloc knockoff. You'll definitely get the job.

    2. Re:Hey Somali Pirates! by MichaelSmith · · Score: 4, Funny

      They should first get themselves a good domain name.

    3. Re:Hey Somali Pirates! by Shakrai · · Score: 2, Funny

      Just tell them about your extensive experience with RPGs.

      Does extensive experience with panzerfausts count the same?

      --
      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.
    4. Re:Hey Somali Pirates! by Opportunist · · Score: 4, Funny

      Mein Herr, if you have extensive experience with a Panzerfaust, you might be too old for the job...

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  3. Yesss!! by jocabergs · · Score: 4, Funny

    Now half of my dream equation is complete; however, my plans will truly come to fruition the day there is a Ninja stock exchange. Then the eternal hypothetical fight of the ages past can be settled, "Who would win in a stock trade battle, Ninja's or Pirates?" (btw, by settled I mean the Ninjas will trade the shit out of the Pirates...)

    1. Re:Yesss!! by fuzzyfuzzyfungus · · Score: 3, Funny

      When a ninja shorts a stock, the stock is dead by morning.

  4. Perhaps by nightfire-unique · · Score: 4, Funny

    Perhaps we can send some folks from the BSA and RIAA over there to educate them about actual, real piracy. Might help them to stop confusing the term with copyright infringement.

    --
    A government is a body of people notably ungoverned - AC
    1. Re:Perhaps by gmrath · · Score: 4, Funny

      Perhaps we can send some folks from the BSA and RIAA over there to educate the Somalis about actual, real piracy. Might help the Somalis to stop confusing holding hostages captured on the high seas for ransom with the only True piracy: copyright infringement.

  5. Behold, a free market evangelists dream takes form by Nadaka · · Score: 2, Funny

    This is unregulated laissez faire capitalism at its finest. I'm so proud, little Somolia is growing up.

  6. Also saving the environment by aurelianito · · Score: 2, Funny

    By supporting the pirate industry, they give jobs and new opportunities to the local people. But this is not the only reason why we should support them. They do an amazing job reverting the global warming. Every ecologically responsible person should invest in this stock exchange.

    In unrelated news, it is rumored that the Rainbow Warrior will join their fleet.

  7. Re:That's funny, expecting her share? by allknowingfrog · · Score: 4, Funny

    Pirate: I'd like to borrow some money.
    Banker: For what?
    Pirate: I'm planning a bank robbery. The return on your investment will be considerable.
    Banker: That sounds reasonable...

  8. Re:That's funny, expecting her share? by fuzzyfuzzyfungus · · Score: 5, Funny

    Actually, by virtue of a large number of competing governments, and very low barriers to entry, the free market now provides Somalis with some of the finest governance available!

    That's how it works, right?

  9. Re:That's funny, expecting her share? by MillionthMonkey · · Score: 4, Funny

    And they don't have to worry about implementing a cap-and-trade program because if sea level rises they'll just float.

  10. Re:That's funny, expecting her share? by jftitan · · Score: 5, Funny

    So pirates are more honest than bankers/stock investers/politicians?

        That i can believe in!

    --
    "Don't Forget to Salt the Fries"
  11. Re:Am I missing something? by shentino · · Score: 2, Funny

    What makes them cowards is that they attack the weak and defenseless.

  12. Re:That's funny, expecting her share? by Anonymous Coward · · Score: 1, Funny

    the Pirates of the Caribbean movies but those were a) Disney movies and b) utterly ridiculous (heck, the so called pirates did very little actual pirating unless they were clearly the bad guys).

    Aye, but Pirating isn't about what you do, it's about what you arrr

  13. Re:Adam Smith? by Le+Tmraire · · Score: 2, Funny
    One more for the list!
    • First man on the moon -> Louis Armstrong
    • Pioneer of capitalism -> John Smith
    • First book of the bible -> Guinessis
    • Author of Iliad and Odyssey -> Homer Simpson
    • Author of the bible -> Gutenberg
    • Discovery of radioactivity -> Madman Curie
  14. Re:Adam Smith? by Ginger+Unicorn · · Score: 2, Funny

    Madman curie sounds like the name of a stunt motorcyclist

    --
    (1.21 gigawatts) / (88 miles per hour) = 30 757 874 newtons
  15. Re:Explain to me how that economics works, again? by halcyon1234 · · Score: 2, Funny

    Think of it this way: if a set of goods is on one set of hands instead of another, the other set of hands is (duh) not having those goods. It lost the equivalent to the amount of money those hands value the goods at. It can spread the loss around (some to itself, some to the insurance company, some to their customers, for instance), but there is a loss.

    How many times do we have to go over this? Piracy isn't theft. There is no loss of tangible goods, just making a copy. Ok, suppose I had this replicator, and your car... and... uh...

    (R's the FA)

    Oh.