Thursday, April 16, 2009

The Pirates of Somalia

Obviously, Somalia has to be put back together again. Putting the US in charge of this is another story--it would be like asking Michael Jackson to babysit your 8- year old.

Sure, everyone stole their coastal fish -catch and dumped radioactive waste on their waters--would Larry Summers think this is wrong? Here's the solution --give them whatever they take in on piracy--with the proviso that they have to start building up some legit economy. After a few years they might have something going. Heck, do this with Haiti as well. Moldova would be good too.

Slogans from the war front:

"Why are you a pirate?" "That's where the money is," said the young Somali native.

"Why do you turn toxic sub-prime mortgages into AAA rated securities?" That's where the money is, answered the young Wall Streeter.

From Dr Wu's latest book: "Your Pirates and Mine"

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