Skip to comments.Rahm Emmanuel to major banks: Stop serving gun manufacturers
Posted on 01/26/2013 7:34:01 PM PST by 2ndDivisionVet
In a letter sent Friday to the CEOs of TD Bank and Bank of America, Chicago Mayor Rahm Emmanuel urged the banks to stop serving gun manufacturers unless they support gun control measures, CBS Chicago reported.
According to CBS, Emmanuel wants the banks to "stop lines of credit, financing for acquisitions and expansions and financial advising" unless the manufacturers agree with him on issues like background checks and what he called commonsense reforms."
In the past, the gun industry has stood in opposition to these safety measures. They opposed a ban on assault weapons on Americas streets, opposed a ban on military-style clips, opposed a criminal background check on all gun purchases and opposed any effort to crack down on criminal gun traffickers, he wrote.
In his letter to TD Bank CEO Bharat Masrani, he demanded the bank uses its influence to push this company to find common ground on gun bans and background checks, noting the $60 million line of credit the bank gives to Smith and Wesson.
"Why shouldnt they have a line of credit?" Jason Howerton asked at The Blaze. "The company has done nothing illegal and AR-15s are perfectly legal weapons."
Emmanuel noted that Aurora movie shooter James Holmes used an AR-15, but as Howerton wrote, the mayor failed to mention that the rifle reportedly jammed during the shooting spree. Emmanuel also failed to mention the incident in which a 15-year-old boy protected himself and his sister from two burglars using an AR-15.
He also demanded that Bank Of America CEO Brian T. Moynihan take the same actions against Sturm, Ruger & Co., a manufacturer with a $25 million line of credit.
Collectively we can send a clear and unambiguous message to the entire gun industry...
(Excerpt) Read more at examiner.com ...
Nuking Chicago is what should be done- it is an urban cesspool that is beyond repair. However, since that is unlikely, why not have the banks avoid doing business with these essentially bankrupt cities who run up debts they can’t pay? The logic here- doing business with gun people makes money, doing business with Chicago does not. The banks and money guys need to take a look at the bottom line. Guns are good business. Supporting chumps like Rahm who go bankrupt is not....duh..
Hey banks stop dealing with the crooked mayor of Chicago,thank You from me
They used to take the beams out of the houses of such people (different construction methods back then). Perhaps now they would surround their car, make it clear this was a nonviolent political statement, and take off the wheels, preventing them from another day of damage at work?
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