Should I become a pirate...things seem so much simpler for them...

Discussion in 'Psychology' started by Port1385, Nov 22, 2008.

  1. Trading is a complex existence that many people little understand or care. Is it easier to simply become a pirate?
  2. If it means you will no longer be posting stupid threads on ET, then yes you should become a pirate.
  3. Whenever I see a pretty girl I say, "Har!"

    Does that make me a pirate?:cool:
  4. morreo


    Speaking of pirates and Citigroup:

    Somali Pirates in Discussions to Acquire Citigroup

    21-Nov-08 01:30 pm

    November 20 (Bloomberg) -- The Somali pirates, renegade Somalis known
    for hijacking ships for ransom in the Gulf of Aden, are negotiating a
    purchase of Citigroup.

    The pirates would buy Citigroup with new debt and their existing cash
    stockpiles, earned most recently from hijacking numerous ships,
    including most recently a $200 million Saudi Arabian oil tanker. The
    Somali pirates are offering up to $0.10 per share for Citigroup,
    pirate spokesman Sugule Ali said earlier today. The negotiations have
    entered the final stage, Ali said.

    "You may not like our price, but we are not in the business of paying
    for things. Be happy we are in the mood to
    offer the shareholders anything," said Ali.

    The pirates will finance part of the purchase by selling new Pirate
    Ransom Backed Securities. The PRBS's are backed by the cash flows from
    future ransom payments from hijackings in the Gulf of Aden. Moody's
    and S&P have already issued their top investment grade ratings for the

    Head pirate, Ubu Kalid Shandu, said: "We need a bank so that we have a
    place to keep all of our ransom money. Thankfully, the dislocations in
    the capital markets has allowed us to purchase Citigroup
    at an attractive valuation and to take advantage of TARP capital to
    grow the business even faster."

    Shandu added, "We don't call ourselves pirates. We are coastguards and
    this will just allow us to guard our coasts better."