Marginal Revolution: Who says there's a credit crunch?

Marginal Revolution: Who says there's a credit crunch?: "Who says there's a credit crunch?Somali pirates are raising money through a local equity offering: 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."A great teaching example, but come one, a tad illegal?