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Rahm Emanuel presses banks on guns (Demands they stop doing business with gun manufacturers)
Politico ^ | January 25, 2013 | Johathan Martin

Posted on 01/25/2013 7:01:46 AM PST by Zakeet

Chicago Mayor Rahm Emanuel, moving to take a lead role in the gun control debate, is turning up the pressure on banks that do business with firearms manufacturers.

Emanuel is sending letters to two major financial institutions, TD Bank and Bank of America, which offer lines of credit to gun makers suggesting that they stop lending money to the manufacturers if they don’t come out for new gun restrictions.

“TD Bank currently aids the gun manufacturing industry through a $60 million revolving line of credit with Smith & Wesson, a gun manufacturer that produces the AR-15 – an assault weapon that was used by James Holmes to kill 12 people and wound 58 in a crowded movie theatre in Aurora,” Emanuel’s missive to TD CEO Bharat Masrani states. “I ask you to use your influence to push this company to find common ground with the vast majority of Americans who support a military weapons and ammunition ban and comprehensive background checks.”

Noting that Chicago’s municipal employees and teachers had already divested money in pension funds from gun makers that are opposing new gun laws, the White House chief of staff-turned-mayor wrote: “Now we need you and other commercial banks to join this fight for safer streets. Collectively we can send a clear and unambiguous message to the entire gun industry that investors will no longer financially support companies that profit from gun violence.”

(Excerpt) Read more at politico.com ...


TOPICS: Constitution/Conservatism; Government; News/Current Events; US: Illinois
KEYWORDS: 2ndamendment; banglist; banking; bluezones; boa; chicago; emanuel; guncontrol; guns; liberalfascism; rahm; secondamendment
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Doing business with gun manufacturers might benefit the banks’ bottom line, but they put our police officers, our children, and our communities at risk ...

1 posted on 01/25/2013 7:01:58 AM PST by Zakeet
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To: Zakeet

I think banks should stop doing business with Chicago.


2 posted on 01/25/2013 7:03:20 AM PST by Oberon (Big Brutha Be Watchin'.)
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To: Zakeet
Fast and furious and gun walker mean anything to these crooks?
3 posted on 01/25/2013 7:04:43 AM PST by mountainlion (Live well for those that did not make it back.)
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To: Oberon

NAILED IT Exactly!


4 posted on 01/25/2013 7:06:13 AM PST by King_Corey (www.kingcorey.com -- OpenCarry.org -- http://defcad.org/)
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To: Zakeet

Banks cannot afford to let businesses know that banks aren’t needed.


5 posted on 01/25/2013 7:06:13 AM PST by AppyPappy (You never see a massacre at a gun show.)
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To: Zakeet

Pure fascism bordering on extortion, take your pick. Think and do like we tell you to, or there’s gonna be trouble.


6 posted on 01/25/2013 7:06:35 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: Zakeet

This goes back to the bailouts. Now the fascists in power are looking for their pound of flesh.

It’s amazing how liberals are suddenly for private enterprise when they can manipulate it to serve their own agenda.


7 posted on 01/25/2013 7:06:35 AM PST by headstamp 2 (What would Scooby do?)
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To: Zakeet

Gun manufacturers and ammunition manufacturers should stop selling their products to gun banning cities like Chitcago.


8 posted on 01/25/2013 7:07:11 AM PST by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: Zakeet

Support your local credit unions. The largest banks all seem to have gotten disgusting diseases from being in bed with government.


9 posted on 01/25/2013 7:07:32 AM PST by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: Zakeet

I already boycott B of A.IF TD gives in to the thugs in Chicago, I will close my accounts with them and boycott them forever. I just sent an email to that effect to my account manager at TD, and I will follow through with a phone call later today and then by closing my account if TD acts irresponsibly. I hope everyone on FR and other patriotic Americans will stand up for freedom and help TD and other banks to do the right thing.


10 posted on 01/25/2013 7:07:47 AM PST by Pollster1
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To: Oberon

Gee that’s tough, let’s see....
Stop doing business with a good customer,
or stop doing business with someone who
thinks they can lean on you to make you
tow their political line.

Tough choice eh.


11 posted on 01/25/2013 7:09:06 AM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Oberon

Firearms manufacturers should boycott Chicago PD.


12 posted on 01/25/2013 7:09:33 AM PST by Goldsborough
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To: Zakeet

I’m already pulling my business acct out of BofA. It’s kinda sad because the folks that run my branch are very friendly to me and have bent over backward to give me great service. Too bad they work for a bank that has a leftist political agenda.

A bit stupid to stop doing business with one segment of our economy that is doing better than ever.


13 posted on 01/25/2013 7:09:54 AM PST by Blue Collar Christian (Pray for revival. <BCC><)
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To: Zakeet

Is it legal for a publically owned institution to discriminate against a legal, legitimitate, financially sound business interest??

Does Rahm really want to push the financials of the firearms industry underground?


14 posted on 01/25/2013 7:10:15 AM PST by Real Cynic No More
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To: Zakeet
What was the definition of Fascism again?

Definition of FASCISM
1 often capitalized : a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition
2 : a tendency toward or actual exercise of strong autocratic or dictatorial control (early instances of army fascism and brutality — J. W. Aldridge)

Yeah... That's what I thought.

15 posted on 01/25/2013 7:11:18 AM PST by Dead Corpse (I will not comply.)
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To: Zakeet

USAA would be wise to pick up the slack.


16 posted on 01/25/2013 7:11:36 AM PST by GingisK
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To: Oberon

Since both the city of Chicago and the state of Illinois are running continuing deficits, which banks are handling their bonds? Are any banks loaning them money directly?


17 posted on 01/25/2013 7:11:36 AM PST by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: Zakeet

This begins to impinge upon national security. Dry up the operating funds for the arms industry and you dry up the R&D and production of the equipment required to secure our country.


18 posted on 01/25/2013 7:11:57 AM PST by Lion Den Dan
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To: Zakeet
Scratch a Chicago mayor on the surface, reveal a marxist underneath.

5.56mm

19 posted on 01/25/2013 7:14:52 AM PST by M Kehoe
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To: Zakeet
TD Bank currently aids the gun manufacturing industry through a $60 million revolving line of credit with Smith & Wesson

Perhaps we should institute a REVERSE BOYCOTT and "donate" to Smith & Wesson so that they no longer NEED TD Bank!!
20 posted on 01/25/2013 7:15:32 AM PST by Eagle of Liberty (Be the Enemy Within the Enemy Within...)
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To: Zakeet
Chicago’s municipal employees and teachers had already divested money in pension funds from gun makers that are opposing new gun laws,...

breathtaking....it isn't about banks doing busines with gun makers, it's about banks doing business with gun makers that oppose the new laws ?
21 posted on 01/25/2013 7:15:58 AM PST by stylin19a
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To: Zakeet

In the real world I think we call this extortion. (”Nice little bank ya got there, be a shame if something......”)


22 posted on 01/25/2013 7:16:30 AM PST by circlecity
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To: Zakeet

This is going to open a real kettle of worms for the Dems. Leftists are going to start asking “if you can pressure banks to stop working with gun makers, why can’t you stop them from charging me 32% on my friggin Visa Card??”


23 posted on 01/25/2013 7:17:18 AM PST by Buckeye McFrog
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To: Blue Collar Christian

Don’t forget that BoA is also the bank that gave credit cards to illegal immigrants. It also takes your money by rounding up purchases, uses that money for their purposes and then gives it back at the end of the year. They also charge one of the highest credit card interest rates in the country.

For the life of me, I can’t think of a single reason why anybody should be doing business with them.


24 posted on 01/25/2013 7:17:33 AM PST by NTHockey (Rules of engagement #1: Take no prisoners)
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To: Zakeet

‘but they put our police officers, our children, and our communities at risk ‘

I guess that I learn something new everyday.

Of course, the same thing could be said about automobiles.


25 posted on 01/25/2013 7:18:52 AM PST by Delta Dawn (at)
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To: Zakeet

This isn’t “taking the lead”. It’s coercion, the one thing the little phony ballerina knows.


26 posted on 01/25/2013 7:19:18 AM PST by popdonnelly
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To: circlecity
In the real world I think we call this extortion. (”Nice little bank ya got there, be a shame if something......”)

Yep. The Chicago Way is purely Mafia Politics!
27 posted on 01/25/2013 7:19:56 AM PST by Eagle of Liberty (Be the Enemy Within the Enemy Within...)
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To: Zakeet
Chicago Mayor Rahm Emanuel, moving to take a lead role

Hey Politico, funny but you left out the word EXTREME! I thought moves such as this were viewed as EXTREME. Oh yeah, he is an Obama Boy. Moving along....
28 posted on 01/25/2013 7:22:35 AM PST by Eagle of Liberty (Be the Enemy Within the Enemy Within...)
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To: Oberon

In a related report, the Philadelphia pension agency voted to ask all gun manufacturers, distributors and retailers in its investment portfolio to adhere to 8 “Sandy Hook Principles”, including supporting a federal system requiring background checks on ALL guns AND ammo (my emphasis). (on page B8 of today’s Philadelphia Inquirer)

The new backdoor way to gun control.

http://www.philly.com/philly/blogs/cityhall/Pension-Board-adopts-Nutters-Sandy-Hook-Principles-for-gun-companies.html


29 posted on 01/25/2013 7:25:32 AM PST by JoyjoyfromNJ (everything written by me on FR is my personal opinion & does not represent my employer)
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To: Zakeet

Yup, banks should direct their monies to more beneficial enterprises - like loaning money to folks who have no chance of ever paying it back.

We’re going to have a lot of work on our hands building guillotines following CW-II. I hope that Rahmbutt is prepared for his final scene.


30 posted on 01/25/2013 7:25:40 AM PST by Da Coyote
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To: Oberon
I think banks should stop doing business with Chicago.

Gun manufacturers should refuse to sell to the Chicago police.

31 posted on 01/25/2013 7:27:35 AM PST by Vince Ferrer
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To: Zakeet

As an aside, given the current market conditions S&W is in, why do they even need a line of credit?

I would think they could fund all operations out of current cash flow.


32 posted on 01/25/2013 7:28:54 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Eagle of Liberty

Paging Mr. Henry Bowman.


33 posted on 01/25/2013 7:29:54 AM PST by VRWCarea51
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To: Zakeet

More economic fascism.


34 posted on 01/25/2013 7:31:00 AM PST by 9YearLurker
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To: Zakeet

Another Mayor that is politically limited to a small subset of America’s citizenry, yet believes he should be in charge of everyone!

Now we get to see the real reason that the left likest to nationalize and centralize corporations. It is always about control. Always was, always is and always will be.


35 posted on 01/25/2013 7:32:21 AM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: Zakeet

Either do it voluntary,or when I’m President in 2020;I’ll
do it for you. Followed by Chelsea Clinton in 2028 and Malia
Obama in 2036!


36 posted on 01/25/2013 7:33:02 AM PST by Dr. Ursus
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To: Oberon

Rahm Emanuel needs to stop requiring others to clean up Chicago’s streets. They have more gang members than cops, and certainly more than honest cops. But if he actually blamed the guilty, he would have no one to vote for him.


37 posted on 01/25/2013 7:41:57 AM PST by Pecos (If more sane people carried guns, fewer crazies would get off a second shot.)
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To: Zakeet

Not a surprise based on this old news about Toronto Dominion bank.

http://financialsector.blogspot.com/2007/05/banks-considering-sharia-compliant.html

It’s pretty well known Rahm takes pride in the far reaching results of his multi-tasking leftist efforts that he believes are not recognized by Chick-fil-A America.


38 posted on 01/25/2013 7:42:59 AM PST by MurrietaMadman
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To: Zakeet

I think any politician who pushes banks to quit working with firearms manufacturers should have all firearms and ammo orders cut off for their particular jurisdiction.


39 posted on 01/25/2013 7:42:59 AM PST by IYAS9YAS (Rose, there's a Messerschmitt in the kitchen. Clean it up, will ya?)
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To: Zakeet

Getting scary out there.


40 posted on 01/25/2013 7:44:44 AM PST by jersey117
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To: Zakeet

Wish we’d thought of this tactic.

(Not that it would’ve done much good. The enemy use this and other tactics openly, and we have the opportunity to learn from them. But we’re not interested.)


41 posted on 01/25/2013 7:44:51 AM PST by LearsFool ("Thou shouldst not have been old, till thou hadst been wise.")
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To: Zakeet

42 posted on 01/25/2013 7:47:26 AM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Zakeet

Rahm Emanuel is one very powerful mayor.


43 posted on 01/25/2013 7:50:42 AM PST by Mashood
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To: Zakeet
Hey, yawl, any doubt yet that we are communists controlled Country. Have heard much so far that drop the word socialist or Marxist, but full blown communists. At least a few have joined in the truth. Come on, get with it.
44 posted on 01/25/2013 7:54:31 AM PST by Logical me
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To: tet68

Nice place. You got a good bidness going here. Be a shame if something happened to it.


45 posted on 01/25/2013 7:55:44 AM PST by Ray76 (Do you reject Obama? And all his works? And all his empty promises?)
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To: VRWCarea51
Paging Mr. Henry Bowman.

:D
46 posted on 01/25/2013 8:02:06 AM PST by Eagle of Liberty (Be the Enemy Within the Enemy Within...)
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To: King_Corey

Yea! From what I read, the city of Chicago can’t pay its bills on time.


47 posted on 01/25/2013 8:05:07 AM PST by Rusty0604
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To: Oberon
"I think banks should stop doing business with Chicago."

Everybody needs to stop doing business with Chicago.
48 posted on 01/25/2013 8:05:33 AM PST by indthkr
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To: Zakeet

Springfield Armory should put a call into the Governor and tell him to put a muzzle on ballet boy or they can quickly make those bank accounts seem like nothing compared to what they’ll lose if they keep pushing.

The gun manufacturers need to come out as a group and put this card on the table...keep pushing libs and we’ll take the jobs and tax revenues to the Red States.


49 posted on 01/25/2013 8:07:21 AM PST by MNlurker
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To: JoyjoyfromNJ

Calpers is divesting from gun manufacturers also. But they have been socially engineering companies for quite awhile.


50 posted on 01/25/2013 8:10:45 AM PST by Rusty0604
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