This reads like something from Neal Stephenson’s cyberpunk sci-fi novel Snow Crash:

Somali sea gangs lure investors at pirate lair

In Somalia’s main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate….

It is a lucrative business that has drawn financiers from the Somali diaspora and other nations — and now the gangs in Haradheere have set up an exchange to manage their investments.

One wealthy former pirate named Mohammed took Reuters around the small facility and said it had proved to be an important way for the pirates to win support from the local community for their operations, despite the dangers involved.

“Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 ‘maritime companies’ and now we are hosting 72. Ten of them have so far been successful at hijacking,” Mohammed said.

72 “maritime companies” pirate bands organized? WTF?

This is like the urban phenomenon of the “known crack house”…everybody KNOWS what’s going on, and where it is going on, but nobody with responsibility is willing to do the job of cleaning up the mess. The whole reason the United States built it’s Navy was to protect against (North African Islamic) piracy. We DO still have a Navy, but nobody in the administration apparently is willing to commit effective force to clean up this repeated infestation of African Islamic piracy.