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Rahm Emanuel Writes to Mutual Funds Urging them to Blacklist Gun Companies
Pajamas Media ^ | 02/01/2013 | Bryan Preston

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.



TOPICS: Constitution/Conservatism; Culture/Society; Government; News/Current Events
KEYWORDS: banglist; guncontrol; guns; mutualfunds; rahmemanuel; secondamendment

1 posted on 02/01/2013 10:00:24 AM PST by SeekAndFind
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To: SeekAndFind

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.


2 posted on 02/01/2013 10:03:11 AM PST by Venturer
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To: SeekAndFind

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.


3 posted on 02/01/2013 10:04:46 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: SeekAndFind

How about someone begin a campaign to encourage companies to not vote for democRATs.


4 posted on 02/01/2013 10:05:36 AM PST by Mouton (108th MI Group.....68-71)
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To: Opinionated Blowhard

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?


5 posted on 02/01/2013 10:06:55 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: SeekAndFind

How about these gun companies sue the dead-fish’s a$$.


6 posted on 02/01/2013 10:08:04 AM PST by cblue55 (The original point and click interface was a Smith and Wesson.)
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To: SeekAndFind
Liberals don't understand when politics aren't first priority. The Fund's objective is to maximize returns for the shareholders. If they divest shares of gun manufacturers and it can be proved that had they not done so the return would have been greater, the fund, it's portfolio managers and BOD's could face action.

Rahm's such a slimeball he must have to empty his shoes every hour.

7 posted on 02/01/2013 10:13:21 AM PST by liberalh8ter (If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
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To: SeekAndFind

Considering that Illinois is bankrupt due to pensions this will just reduce the amount of money going to pensions from mutual fund investments.


8 posted on 02/01/2013 10:14:51 AM PST by KeyLargo
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To: SeekAndFind

...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


9 posted on 02/01/2013 10:15:02 AM PST by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
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To: Opinionated Blowhard

“This is about Emmanuel going after companies that support Republicans.”

An extension of vallerie jarret’s promise for payback no doubt.


10 posted on 02/01/2013 10:15:41 AM PST by MichaelCorleone (A return to Jesus and prayer in the schools is the only way.)
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To: SeekAndFind

This is a liberal loyalty test for future political appointments.


11 posted on 02/01/2013 10:19:36 AM PST by Fido969
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To: SeekAndFind

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 . . .


12 posted on 02/01/2013 10:22:19 AM PST by Tolerance Sucks Rocks (Happy New Year!)
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To: SeekAndFind

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.


13 posted on 02/01/2013 10:27:13 AM PST by ridesthemiles
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To: SeekAndFind

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.


14 posted on 02/01/2013 10:27:36 AM PST by ridesthemiles
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To: SeekAndFind

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.


15 posted on 02/01/2013 10:28:02 AM PST by ridesthemiles
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To: SeekAndFind

It shouldn’t be too difficult to form a Mutual Fund that disassociates from liberal causes.


16 posted on 02/01/2013 10:34:13 AM PST by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: SeekAndFind

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.


17 posted on 02/01/2013 10:35:21 AM PST by Uncle Miltie (Of the government, by the government, and for the government.)
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To: SeekAndFind

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?


18 posted on 02/01/2013 10:38:44 AM PST by SampleMan (Feral Humans are the refuse of socialism.)
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To: SeekAndFind
Is there any doubt we are being attacked by hard core communists and we have lost so much it's unbelievable.
19 posted on 02/01/2013 10:39:29 AM PST by Logical me
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To: broken_arrow1

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.


20 posted on 02/01/2013 10:39:52 AM PST by reefdiver
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To: SeekAndFind

Hey, Rahm it up US.


21 posted on 02/01/2013 10:48:15 AM PST by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: SeekAndFind

As a serial CEO and lifetime finance fink myself....my first take on Emanuel’s bleating is

1. it is tortuous interference with the firearms makers contractual and business relationships

2. it is a criminal or certainly a civil violation of RICO act.

So yes....were I the target of the RhamaDon antics...I would have my legal beagles all over it.

RICO for you honest hard working guys never having been threatened with it by competitor lawyers...is FedSpeak for racketeer influenced corrupt organizations act. Originally targeted at mob figures by Justice Dept. DA’s, it has been metastasized through the years by unctuous lawyers to become a civil hammer as well that hits any nail that you want to hit and cause trouble for...in this case it would used to...used to....ah...used to...OMG it would actually be used against mob figures and corrupt organizations...Emanuel/& ilk and the city of Chicago.

What epic justice that would be.


22 posted on 02/01/2013 10:59:02 AM PST by Lowell1775
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To: SeekAndFind

Just who the hell does this gay twit think he is??

He best get to work on solving all those black on black murders in his fine city, a city with one of the strictist gun control laws in the country.

Rahm go take a steam bath.


23 posted on 02/01/2013 10:59:41 AM PST by wetgundog (" Extremism in the Defense of Liberty is no Vice")
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To: wetgundog

It isn’t working.....stocks of gun makers back up and climbing...which of course since it is now a wholly discredited and ineffective policy, expect to see MUCH more of the same from RahmaDon and his LibTards.

http://ca.finance.yahoo.com/echarts?s=RGR#symbol=rgr;range=6m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

Headlines found there....
Ruger’s Great American Comeback at Forbes Fri 10:39AM EST Jan 31

Big Gun Control Plan for President Obama, Big Profits for Gun Sellers at Motley Fool Mon Jan 28

The Big Cities’ Financial War on Guns May Backfire at BusinessWeek Mon Jan 28

Same Same on S&W. Buy gold, guns, ammo and stocks for the same and laugh all the way to the banks lads.....or the vault in your basement......

BWAAHAAAAHAAAHAAAA! What fiscally ignorant amateurs they are.


24 posted on 02/01/2013 11:11:46 AM PST by Lowell1775
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To: SeekAndFind

Gun manufacturers stock is going up. Can’t say the same for Emmanuel’s stock.


25 posted on 02/01/2013 11:21:04 AM PST by popdonnelly (The right to self-defense is older than the Constitution.)
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To: SeekAndFind

Rahmbo many times claimed he lost his middle finger while crewing a tank in a battle in Israel’s Negev —the truth is he chopped it off while working a summer fast-food job.

At ARBY’S.

I’m serious.


26 posted on 02/01/2013 11:22:47 AM PST by gaijin
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To: SeekAndFind

What a little nazi.


27 posted on 02/01/2013 11:23:48 AM PST by jersey117
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To: SeekAndFind

I wonder if Rahm, or members of his family, have significant investments in gun companies? Sounds like a neat way to make some money: (1)sell short or buy “put” options, (2)make threats that drive down the stock price, (3)cover your position and cash out.


28 posted on 02/01/2013 11:28:50 AM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: PapaBear3625

SHHHHHH!

U R Spot on PapeBear3625....but don’t give the bastards any ideas they don’t already have.

It would have worked right after the Sandy Hook killings as the “panicked herd” dumped stocks like hot rocks, but his recent snarls and hisses have had no effect whatsoever.

In fact the stocks are rising...so if they played the same hand again in the bank and mutual funds letters......

THEY LOST THEIR A$$ES.

Yes. Oh please yes I hope it is so....


29 posted on 02/01/2013 12:00:00 PM PST by Lowell1775
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To: SeekAndFind

What you won’t hear from gun grabbers.

The government should do what is “morally right” and forgo profiting from the industry by collecting taxes on it, whether corporate profits, property taxes or sales tax.

Government greed knows no moral bounds.


30 posted on 02/01/2013 3:59:44 PM PST by School of Rational Thought (Fun for women ages 21 through 35)
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To: Venturer

I hope somebody provides a list of the companies who pay any attention to this jerk. Then I will know who to avoid.


31 posted on 02/01/2013 4:45:39 PM PST by maxwellsmart_agent
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To: SeekAndFind

Tiny Dancer is tooting his horn to impress his 40 IQ constituency. When the mobs come for him, no Chicago cop will defend him.


32 posted on 02/01/2013 7:17:30 PM PST by sergeantdave (The FBI has declared war on the Marine Corps)
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