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Somali Pirate Stock Exchange


Akula

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http://news.slashdot.org/story/09/12/02/0130216/Somali-Pirates-Open-Up-a-Stock-Exchange

 

 

"'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."'"

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More power to them if they can pull it off. I see it as free market economics, if they can do it and are willing to take the risk, then fine. However, they stand the risk of being killed as well.

 

Im surprised more vessels arent armed with .50cal to even the playing field.

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