Tuesday, January 12, 2010

How to Fix Wall Street

Here's an intersting Yahoo news report of an unintended consequence of Somali piracy:
People here have one thing to thank Somali pirates for: Better fishing.

In past years, illegal commercial trawlers parked off Somalia's coast and scooped up the ocean's contents. Now, fishermen on the northern coast of neighboring Kenya say, the trawlers are not coming because of pirates.

"There is a lot of fish now, there is plenty of fish. There is more fish than people can actually use because the international fishermen have been scared away by the pirates," said Athman Seif, the director of the Malindi Marine Association.
I'm thinking this same kind of "innovative thinking" could be applied to the problem with bailout billionaires on Wall Street, you know, the guys who played a high risk game of "finance" and when they lost, they got the American taxpayer to fork over and cover the costs, including enough billions to make 2009 the highest bonus payout year ever!

Like, I'm thinking that maybe the problem is the Mafia. Going back 40 years there's been a big push to get rid of Mafia corruption. Now we have Wall Street corruption. Maybe if we bring back the Mafia and put them into business kidnapping relatives of Wall Street bankers -- much like the Somali pirates seizing ships -- we too will "get more fish", i.e. the economy will revive. Hey... I'm willing to give it a chance!

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