Somali Pirates Say They Are Subsidiary of Goldman Sachs

Further to "The weaver, the princess and Goldman Sachs" from Pattu's blog, here is something to make you chuckle ...

Somali Pirates Say They Are Subsidiary of Goldman Sachs
Could Make Prosecution Difficult, Experts Say

NORFOLK, VIRGINIA - 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."

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

"We were functioning as investment bankers, only every day was
casual Friday," the pirate said.

The pirate acknowledged that they merged their operations with
Goldman in late 2008 to take advantage of the more relaxed
regulations governing bankers as opposed to pirates, "plus to get
our share of the bailout money."

In the aftermath of the shocking revelations, government
prosecutors were scrambling to see if they still had a case against
the Somali pirates, who would now be treated as bankers in the eyes of the
law.

"There are lots of laws that could bring these guys down if they
were, in fact, pirates," one government source said. "But if
they're bankers, our hands are tied."