Wednesday, December 02, 2009

Buy stock in the pirates. No Not the Pittsburgh Pirates, the Somali Pirates

Marginal Revolution: Who says there's a credit crunch?:
"Who says there's a credit crunch?

Somali pirates are raising money through a local equity offering:

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."

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