True Piracy Showdown: Wall Street Pirates, Somali Seas Pirates Shake and Provoke World Powers

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In a week when the West is dealing with some type of financial piracy perpetrated against the ordinary guy, the U.S. taxpayer, we are being served some riveting piracy news from the Seas of Africa. Now the question is whether these rich financial pirates, big money grabbers and fat cats will be allowed to keep all these years worth of fat bonuses, excessive raise and profits while the book was being cooked. Most U.S. taxpayers are saying no to this bailout. These Wall Street pirates were operating in full daylight, in plain view under what has been called high finance or new economy math. Why can't these mathematicians explain their ruse to help put back some faith and confidence into the economy? Why do we have to bailout the same guys who were just messing with our retirement and investments? When we, little guys mess up, we suffer the consequences. Any way, let's take a look at the current Somali Seas piracy case, the modern case of Blackbeard.

Call them sea bandits or whichever expression comes to your mind, the Somali pirates stories bring old memories of Caribbean piracy which most boys grew up with. These bandits want to be seen as good guys who are simply patrolling their seas while preventing illegal fishing, waste dumping and weapon transportation. They want us and the numerous yatcht men and women who were preyed upon to believe they are like a coast guard corps.

The Somali pirates who hijacked a Ukrainian freighter loaded with tanks, artillery, grenade launchers and ammunition said in an interview Tuesday that they had no idea that the ship was carrying arms when they seized it on the high seas.

The pirates thought they had stuck gold on the Indian Ocean. They might have gotten far more than they bargained for. The attack on the Faina, a Ukrainian vessel bringing military equipment to Kenya or Sudan will not go unpunished. It has also provoked the wrath of the U.S.A and Russia among many others steaming nearby. The United States Navy and the Russians are pursuing these bad guys.

Piracy off the Somali coast has been a problem for many years. Its 1,880-mile coastline is crawling with pirates groves. When they strike, they take everything, from sailing yachts to oil tankers. They usually demand millions of dollars in ransom for the ships and their crews.

Realizing that they have been caught by the U.S. warship and various nearby others, the Somali pirates are trying to put a good spin on their illegal acts. They get involved in some infighting, killing three of their comrades. They may have realized how desperate they are on the seas. Caught off from the mother ship that brought them and dropped them off in speedboats, their only lifeline is to brandish their knives and swords, which are no match to the fire power of the U.S. navy and Russian ship.

It is estimated that more than 1,000 gunmen are employed as pirates. Most of them were former fishermen. Using their binoculars and rocket-propelled grenades, they prefer to be in a lucrative business. In the past, French commandos battled with priates who hijacked French yachts.

Russia sent a warship, the Neustrashimy, from a port on the Baltic Sea to the coast of Somalia, in response to the capture by pirates of a Ukrainian vessel bound for Kenya on Thursday. It has also been said that the Russian navy was sending warship The Dauntless to the intercept the merchant vessel and pirates.

On board the vessel were 33 T-72 tanks, grenade launchers and ammunition. The arms were apparently sold legally and were headed for the Kenyan port of Mombasa. Now Russia wants to be assuming its international role by patrolling waters where piracy is a potential danger.