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 ...
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.)
Rahm Emanuel is one very powerful mayor.
Nice place. You got a good bidness going here. Be a shame if something happened to it.
Yea! From what I read, the city of Chicago can’t pay its bills on time.
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.
Calpers is divesting from gun manufacturers also. But they have been socially engineering companies for quite awhile.
Paging Earl Turner also!
These pension funds are public employee union funds, lots of money in communist hands.
And I might add, it doesn’t matter if they lose money because the taxpayers have to pay the public employee pensions anyway.
Simply put, this is how tyranny operates.
I would add that Gun Manufactures and Ammo Manufacturers should not do business with law enforcement of Chicago as well.
They can just protect themselves with what they allow the common man to have.
"I am going through the same thing with heartland payment credit card systems, they are trying to force me to shut down our website and are freezing funds, also heard Bank of America is doing the same thing
Sent from my iPhone
On Jan 24, 2013, at 1:07 PM, "redacted" wrote:
From Nordic Components Website
http://shop.nordiccomp.com/main.sc
NOTICE: We are unable to process credit card transactions at this time. Intuit Merchant Services has told us that they will NOT process anymore transactions and may put a freeze our accounts because we sell firearms related products. I was told that they are backed by Chase Banks. DO NOT conduct business with these financial institutions if you care about the Constitution of the United States, the Second Amendment or your RIGHTS as a firearms owner. We, as firearms owners, are under attack. I wonder how many of these anti-gun banks received Bail-out money from the current administration?
We are working on getting set up with a firearm friendly processor and hope to be back on line to serve you quickly. Thank You for understanding."
Most of the new bank regulation from Obama and the rats looks like it is designed to run community banks like mine out of business by putting us at a vast competitive disadvantage to large banks, eliminating revenue sources, cutting margins and running up compliance costs unbelievably. Eventually, small business and the economy will suffer tremendously because of it. The pace of Obama’s destructive change has picked up considerably since the beginning of the year. . . infuriating . . . and a lot more is on the way. I honestly do not know how we can survive long term.
We had a lending bank associated with a local insurance company that closed. The rules and regulations were just too much to deal with.
I’ve been using a credit union for 30 years. Hopefully they are under the radar of those who wish for nationalized banks.
Intuit = TurboTax, correct?
That is another reason they are anxious to implement the Teresa Ghilarducci plan to grab your 401K and roll it into a centrally managed national pension plan.
It will be CALpers on steroids. They’d be the largest single stockholder in virtually every company and thus have them all by the shorthairs.
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