Somali Pirates Strike it BIG

Oh how I wish I was a Somali Pirate. $150mm ransom paid so far??

YOU HAVE GOT TO BE FUCKING KIDDING ME!!!

Is there not a nation affected who owns a few attack helicopters and some night vision glasses? I would send these guys out at night and fire away!!!

They currently hold 17 vessels and are estimated to have attacked more than 90 ships in the region so far this year, according to the International Maritime Bureau's Piracy Reporting Center, which monitors piracy around the world. The attacks have increased in recent weeks, the PRC says.

The ransoms being paid to the pirates are also increasing, maritime security experts say. The method of paying the ransoms is changing, too, and has become one of the most complicated and dangerous sticking points in negotiations with pirates, the experts say.

Only months ago, pirates preferred to be paid through a complicated web of bank transfers using offshore jurisdictions, according to a maritime security source now involved with ransom negotiations with hijacked ships.

Now, however, pirates are demanding cash upfront, the expert says. Paying by cash can involve many middlemen who in the past have been killed delivering ransom.

That leads me to this press release that hit the major news wires today:

Subject: *SOMALI PIRATES APPLY TO BECOME BANK TO ACCESS TARP
*SOMALI PIRATES APPLY TO BECOME BANK TO ACCESS TARP
*PAULSON: TARP PIRATE EQUITY IS AN `INVESTMENT,' WILL PAY OFF
*KASHKARI SAYS `SOMALI PIRATES ARE 'FUNDAMENTALLY SOUND' '
*Moody's upgrade Somali Pirates to AAA
*HUD SAYS SOMALI DHOW FORECLOSURE PROGRAM HAD `VERY LOW'
PARTIC PATION
*SOMALI PIRATES IN DISCUSSION TO ACQUIRE CITIBANK
*FED OFFICIALS: AGGRESSIVE EASING WOULD CUT SOMALI PIRATE RISK
*FED AGREED OCT. 29 TO TAKE `WHATEVER STEPS' NEEDED FOR SOMALI
PIRATES

COMPENSATION FOR TOP SOMALI PIRATES CANNOT BE SLASHED OR TARP
NOT EFFECTIVE, PAULSON SAYS

WARREN BUFFET : BUY SOMALI PIRATES, I BOUGHT YESTERDAY.
BECKY, WHERE ARE YOU ?

SOMALI PIRATES UNION (SPU) THREATENS TO BEGIN BUILDING
AUTOMOBILES UNLESS TARP FUNDS RELEASED IMMEDIATELY.

TREASURY SHOULD HELP SOMALI PIRATES WHO LOSE THEIR BOATS:
BARNEY FRANK

FOX: SOMALI PIRATES FORCED TO DOWNSIZE TO WEATHER 'ECONOMIC
STORM'; 100 SWASHBUCKLERS 'WALK THE PLANK'

CONGRESSIONAL REPUBLICANS DEMAND THAT PREVIOUSLY AUTHORIZED
EFFICIENT WEAPONS LOAN BE MODIFIED. REFUSE TO APPROVE
MODIFICATION OF TARP TO PROVIDE SOMALI PIRATES WITH AN
ADDITIONAL $25 BILLION.

EESA SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN
ARROWS DESIGNED FOR USE BY SOMALI PIRATES.

SOMALI PIRATES HIJACK FED, TREASURY
$700B RANSOM DEMANDED FOR BERNANKE, PAULSON
SOMALI PIRATE LEADER OFFERS TO RESIGN

SOMALI PIRATES AIMS MERGER WITH GOLDMAN SACHS TO BECOME "TOO
BIG TO JAIL"

SOMALI PIRATES TO USE SWAG, PIECES O' EIGHT AS COLLATERAL IN
FEDS LENDING FACILITY

PORK SEC. 317. SEVEN-YEAR COST RECOVERY PERIOD FOR SOMALI
MOTORSPORTS RACING TRACK FACILITY

SOMALI PIRATE LEADER SAYS PIRATING AN 'ESSENTIAL PART OF THE
GLOBAL ECONOMY FOR 500 YEARS'; SAILS TO D.C. IN PRIVATE YACHT
TO BEG FOR BAILOUT

SOMALI PIRATES MUTINY OVER DECISION TO INVEST GOLD BARS IN LAS
VEGAS CONDO HOTELS.

RANSOM MARKET IS OVERSOLD, SAYS SOMALI BLOGGER

SOMALI PIRATES VISITING DC SHOULD GET BAILOUT: SEN REID

SOMALI & PIRATES 500 INDEX IS LOSING ITS HEAD AND SHOULDERS

ARRRRRRRRRRRRRRG!!

--The Angry Trader