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 ...
Says the Mayor of a City with likely the HIGHEST murder rate in the US....and the HIGHEST number of guns in the hands of CRIMINALS! The People of Chicago are the ones who are the problem...electing evil.
Freedom loving people should boycott IllAnnoy. There is nothing like failure to give a lesson.
FURE and FUBO!!!
I already know some banks and financial related companies are going along with this, whether pushed by Rahm or not. When CWII occurs, it will be booty time.
Who is in charge? Congress or banks or they all just in control together?
Remember Rahm and ChikFilA. Chicago values I think he said.
Rahm needs to have his @zz kicked with a broghan so hard his nose will bleed.
Another CO Redneck. HooRah! :-)
Would that not violate the equal protection clause? What if the banks decided to not do business with convicts, would Rev Jessie and AL be screaming? What if banks said they would no longer do business with poor folks or people in Chicago, or homosexuals? Of course being liberal means never having to be consistent nor ever being sorry.
Everything about ‘progressivism’ is about ‘culling the herd’....so that a ‘master race’ is left. IOW, the ‘elites’. Can’t be having the masses making a good living or having aspirations. That’s ‘competition’.
We have had five shot and killed today in Chicago and the day isn’t over yet. Maybe the mayor can tell the government to stop financing the killers with our tax dollars.
I think anyone who believes in freedom, whether they own a gun or not needs to pull their money from these banks and invest it with like minded institutions and as far as these credit card services that are screwing with legitimate business, there must be an alternative for the businesses to use or by God there is an opportunity for someone to step in and pick up a boatload of clients. I have yet to hear of a bank refusing to work with abortionists or prostitutes, whats next will they refuse to bank with knife manufacturers? Or Ammo manufacturers? Wait maybe they will start asking existing and prospective clients if they are Conservative, because we Conservatives are more likely to defend ourselves so we might injure or kill someone in the process!
So they devise a plan. EVERYthing a prog legislates has a ‘knock-on effect’.
Ruger and S&W ought to sue the City of Chicago for tortuous interferance.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.