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Somali Pirates Say They Are Subsidiary of Goldman Sachs.

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posted on Apr, 29 2010 @ 07:17 AM
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NORFOLK, VIRGINIA (The Borowitz Report) – Eleven indicted Somali pirates dropped a bombshell in a U.S. court today, revealing that their entire piracy operation is a subsidiary of banking giant Goldman Sachs.
There was an audible gasp in the courtroom when the leader of the pirates announced, “We are doing God’s work. We work for Lloyd Blankfein.”

News source.
www.borowitzreport.com...




posted on Apr, 29 2010 @ 07:21 AM
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There is already a thread with the same title ...
www.abovetopsecret.com...



posted on Apr, 29 2010 @ 07:27 AM
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reply to post by Antor
 



The pirate, who said he earned a bonus of $48 million in dubloons last year, elaborated on the nature of the Somalis’ work for Goldman, explaining that the pirates forcibly attacked ships that Goldman had already shorted.


That's interesting (if true) Shorting is the (highly dubious) practice of gambling that a stock will go down in value, usually they borrow shares at the higher price, use that collateral to conduct other business during the period of the loan and then hand the shares back at the lower (they hope the value will drop of course) value, the money is made in the difference.

That's my simple understanding of the practice of 'shorting' a stock - if I'm not correct someone please feel free to correct me.



posted on Apr, 29 2010 @ 07:32 AM
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Ooops sorry.
To Mod: feel free to close this.



posted on Apr, 29 2010 @ 07:51 AM
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Come on, you know this is a joke



posted on Apr, 29 2010 @ 08:09 AM
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Originally posted by damwel
Come on, you know this is a joke


Yhea I just noticed from the other thread that it's from the comedy section of the Huffington post... Mind you, many a true word said in jest?



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