Posted on 02/01/2013 10:00:14 AM PST by SeekAndFind
Rahm Emanuel Writes to Mutual Funds Urging them to Blacklist Gun Companies
Posted By Bryan Preston On January 30, 2013 @ 11:29 am In Politics | 33 Comments
The tyrant of Chicago is at it again. Mayor Rahm Emanuel is now pushing mutual funds to divest and blacklist gun manufacturers for the crime of opposing the Obama regime’s gun-control efforts.
Emanuel’s statement on his assault on the First and Second Amendments:
“Just like the banks and pension funds, I believe that these Mutual Funds can exert an enormous amount of influence by taking a stand against gun manufacturers that continue to refuse to support commonsense reforms like required background checks and an assault weapons ban. The time is now for everyone to do anything they can to stop these military-style guns and magazines from ending up on the street and putting families, children and police officers at risk,” said Mayor Emanuel. “This has to be about doing what is morally right and not what is financially beneficial to their bottom lines.”
Mayor Emanuel is sending a letter today to the chief executives of Allianz, BlackRock, Dimensional Fund Advisors, Vanguard, James Investment Research and Capital World Investments. All of the funds own stock of gun manufacturers who are actively lobbying against safety reforms. The mayor is asking the mutual funds to divest from these companies until they support these reforms.
Nice company ya got there…
Last week, Emanuel sent a similar letter to banks, pushing them to strangle gun manufacturers’ credit lines until they bow to Obama.
These are deadly serious actions. Emanuel’s thrusts are clearly part of the Obama regime’s coordinated attack on the Second Amendment. Emanuel was Obama’s chief of staff prior to being elected mayor of Chicago. Obama proposes his 23 bullet points, Senate Democrats hold hearings to ramp up the emotional pressure, Feinstein pushes an “assault weapons” ban, and Rahm forms the pincer on the other end of the attack, going after law-abiding companies and their right to exist and disagree with the president’s proposals.
If all of this succeeds, we’ve gone over the tipping point. The Second Amendment was written precisely to keep citizens safe from the likes of these zealots.
More: Chicago already has some of the most restrictive gun control laws in the country, but its murder rate over the past decades has eclipsed the US military’s death toll in Afghanistan. Most of those murders involve gang violence. But Emanuel is choosing to go after law-abiding companies and citizens rather than take on the gangs.
With companies like Progressive, and others who are basking in the fun of denying their services to Gun owners it looks to me like a great opportunity for banks, Insurance companies and others to start endorsing gun owners and asking them to give their business to those who will accept gun owners as clients.
While he’s at it, he should check to see which other companies gave to Republicans and have them blacklisted too. This really isn’t about gun control. If the gun lobby supported the Democrats, no one would be banning anything. This is about Emmanuel going after companies that support Republicans.
How about someone begin a campaign to encourage companies to not vote for democRATs.
How many democrats have their insider tading exempt portfolios damaged from this?
Perhaps mutual funds should certify their portfolios to be “chicago free” investments.
How many states are soliciting chicago business to evacuate to those friendly non-hostile states?
How about these gun companies sue the dead-fish’s a$$.
Rahm's such a slimeball he must have to empty his shoes every hour.
Considering that Illinois is bankrupt due to pensions this will just reduce the amount of money going to pensions from mutual fund investments.
...or they could move to Texas:
Texas Senator Ted Cruz wants Chicago Mayor Rahm Emanuel to back of gun manufacturers. The Republican senator issued a response to Emanuel’s letter to banks which do business with gun makers.
The Lone Star politician considers the former Obama administration official a bully. Cruz told gun companies that Texas banks would welcome their business and offered to personally introduce them to leading lenders.
Read more at http://www.inquisitr.com/500791/texas-senator-tells-chicago-mayor-to-back-off-gun-manufacturers/#VHb4s33pUA01Yysm.99
“This is about Emmanuel going after companies that support Republicans.”
An extension of vallerie jarret’s promise for payback no doubt.
This is a liberal loyalty test for future political appointments.
Can you imagine the uproar if Emanuel pressured companies to stop giving to BAMPAC, NAACP and other black organizations?
Oh wait, he’s a Democrat, so maybe not . . .
Sooooo—I then would pull amm my money out of a Mutual Fund and invest directly in Olin Arms or Ruger???
With some of the investmentcompanies, I wouldn’t even have a very high commission on such trades.
Sooooo—I then would pull amm my money out of a Mutual Fund and invest directly in Olin Arms or Ruger???
With some of the investmentcompanies, I wouldn’t even have a very high commission on such trades.
Sooooo—I then would pull all my money out of a Mutual Fund and invest directly in Olin Arms or Ruger???
With some of the investment companies, I wouldn’t even have a very high commission on such trades.
It shouldn’t be too difficult to form a Mutual Fund that disassociates from liberal causes.
I just wrote Vanguard to let them know that if they cave to political pressure, I’ll yank my investments. It’s enough to catch their eye.
I’d be happy to relieve them of those stocks, for a mere 30% haircut off value.
A small price fore easing their troubled souls, right?
Texas Senator Ted Cruz has just the right response. It tells a law abiding American Company to flip the bird to that pencil neck clown in Chicago. It also doesn’t hurt the Conservatives a bit to have an elected Republican step up to the plate an tell zer0s crowd their days of being a bully are over.
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