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LUCKYDOG

Honest differences are often a healthy sign of progress - Ghandi
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New Somali Stock Exchange Set Up To Fund Pirates

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HARADHEERE, Somalia (Reuters) – 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.

Heavily armed pirates from the lawless Horn of Africa nation have terrorised shipping lanes in the Indian Ocean and strategic Gulf of Aden, which links Europe to Asia through the Red Sea.

The gangs have made tens of millions of dollars from ransoms and a deployment by foreign navies in the area has only appeared to drive the attackers to hunt further from shore.

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.

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{"commentId":10981552,"authorDomain":"luckydog"}

It just gets better and better doesn't it?

{"commentId":10981552,"threadId":"736561","contentId":"3574154","authorDomain":"luckydog"}
  • 1 vote
Reply#1 - Tue Dec 1, 2009 9:17 PM EST
{"commentId":10982872,"authorDomain":"maddawgz"}

pirates need to be shot on site and left in the sea to die for their crimes!

{"commentId":10982872,"threadId":"736561","contentId":"3574154","authorDomain":"maddawgz"}
  • 1 vote
Reply#2 - Tue Dec 1, 2009 10:14 PM EST
{"commentId":10982902,"authorDomain":"Leafydebater"}

What the USA, Britian, France, China, Spain, and even India needs to do is send in cargo ships to the waters off Somalia that carry no cargo but are heavily armed (of course, make sure it's disguised) and either kill or capture any pirates they encounter.

They also need to start providing soldiers on every real cargo ship.

{"commentId":10982902,"threadId":"736561","contentId":"3574154","authorDomain":"Leafydebater"}
  • 2 votes
Reply#3 - Tue Dec 1, 2009 10:15 PM EST
{"commentId":11007166,"authorDomain":"robinwolf"}

this is the best business idea i have seen this year. two thumbs up! i will invest for sure!

{"commentId":11007166,"threadId":"736561","contentId":"3574154","authorDomain":"robinwolf"}
    Reply#4 - Thu Dec 3, 2009 3:59 AM EST
    {"commentId":11012937,"authorDomain":"yutmogara"}

    This is fantastic! How do I invest and where?

    {"commentId":11012937,"threadId":"736561","contentId":"3574154","authorDomain":"yutmogara"}
      Reply#5 - Thu Dec 3, 2009 12:51 PM EST
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