It sounds like the same kind of name that the District of Criminals gives to legislation. The names of laws always are the exact opposite of what they actually do.
My bet is that the "Freedom Group" is owned by George Soros himself.
I can hardly think of a better hedge against economic turmoil than guns guns guns.
Not owend by Soros...that’s an urban legend. Its owned by conseravatives. I believe Dan Qualte sits on the board.
I wonder why Natasha threw that in there. It is irrelevant to this article. General Motors "also had to be rescued by the taxpayers" and I don't think that they are out there buying up firearms manufacturers. Baseball bat companies maybe, but not firearms.
Sales may be showing that consolidation / centralization of the American gun industry has been good for sales but stats also indicate the increase in gun sales has been a direct effect of the faltering economy and general distrust about our future. Sorry to cite the obvious but the buying up of the arms manufactures in the US by a small group of wealthy people could result in the industry going the way of the MSM. Worse yet they could decide to close their doors and fold up shop.
This might explain the sudden interest... hunting and Airborne qualified.
Apparently he sees a good potential in the market.
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Stephen Feinberg Co-Founder, Chief Executive Officer and Senior Managing Director
OCTOBER 3, 2005
(much more at the link)
PICKUP TRUCKS AND BUD
The mind-boggling rise of Cerberus — from a fringe vulture fund started with a grubstake of about $10 million in 1992 to a Wall Street powerhouse — has been driven by its enigmatic boss, Stephen A. Feinberg, 45. Like other hedge-fund managers and buyout kings, Feinberg has a penchant for secrecy, although his is more developed than most. While co-founder William L. Richter deals with investors, and lieutenants such as former Vice-President Dan Quayle jet around the globe to seal deals, the mustached Feinberg keeps very much to himself in a nondescript office on the 22nd floor of a high-rise on Manhattan’s Park Avenue. The walls are bare save for a lone photograph of a motorbike that is propped up against his window; a black kid-size motorbike with training wheels — a gift from an outside adviser — is parked next to his desk.
The son of a steel salesman, Feinberg was born in the working-class town of Spring Valley, N.Y. He still describes himself as “blue-collar,” even though he’s a Princeton grad and took home about $50 million last year. “While other hedge-fund managers are collecting fine French wines and flying around in private planes, he drives a Ford truck and drinks Budweiser,” says college roommate Jonathan Gallen, who runs his own hedge fund. Cerberus doesn’t even have a Web site — and it doesn’t reveal exactly which companies it owns. Feinberg declined to be interviewed or photographed for this story, but dozens of current and former Cerberus executives, investors, and associates spoke with BusinessWeek, many not for attribution.
Feinberg may be weighing megadeals, but at least by the standards of Masters of the Universe, his tastes are unpretentious. He lives with his wife and three daughters in an apartment on the Upper East Side of Manhattan that cost less than $4 million in 1997. He also owns a 2,500-square-foot home in Stamford, Conn., that he bought in 1991 for around $500,000. To relax, he goes hunting, usually for pheasants and partridges on weekend trips to upstate New York with money-manager buddy T.K. Duggan. But last fall he raised the stakes by traveling to Colorado and scaling an 11,000-foot mountain in pursuit of bull elk. He felled the first one he saw with one shot, says Duggan.
When Feinberg was at Princeton it was far from obvious that he’d become a business mogul. He was brainy enough to beat classmates in games of chess but nervy enough to sign up for the Reserve Officers Training Corps, making jumps out of airplanes as part of his training in the Army’s 82nd Airborne Division. By senior year, Feinberg was the captain of the tennis team, but not because he was a natural athlete. “He was a hustler,” recalls roommate Gallen. “He wasn’t the most talented player, but he had incredible willpower.” He was also private back then: In his entry in the senior class directory, Feinberg mentioned Gallen as one of a handful of people who were his “few real friends.”
Feinberg majored in politics, producing a senior thesis arguing that drugs and prostitution should be legalized. For the paper, he not only delved into theories about the appropriate role of government but also spent a summer interviewing cops, hookers, and pimps in New York City. Feinberg took the position to impress a professor who he perceived as liberal after receiving a bad grade arguing the opposite view in a paper the previous year, says a person close to him. Today Feinberg contributes to Republican causes. He and his wife Gisela sent $114,000 in the 2003-2004 election cycle to committees working to elect Republicans to Congress.
http://www.businessweek.com/magazine/content/05_40/b3953110.htm
http://www.truthorfiction.com/rumors/c/Cerberus-Soros.htm
http://counterpsyops.com/2011/10/18/does-soros-own-all-us-gun-ammo-manufacturers/
This group worries me. They control the gun industry from powder to finished rifles. If they so choose, they can shut it down over night.
Freedom Group are a collection of gun nuts who are following a lifelong dream of owning some fine gun companies. One of the big internet gun bloggers spent an afternoon with one of the principals and the guy lives, eats and breathes guns. And has an extensive collection of guns.
I am very pleased that my own favorite company, Harrington and Richardson is owned by them. High quality rifles at very reasonable prices.
Now, if H&R would put out a .45-70 with a 32 inch barrel, rolling block action with maybe a double set trigger, life would be perfect.
What most people miss when they’re looking at who the money behind “Freedom Group” is the CEO they installed.
Bob Nardelli, formerly of Chrysler, formerly of Home Depot, formerly of GE.
You people can go do your own homework on Nardelli and draw your own conclusions.
As long as they don’t buy Russia I should be fine. I’ve recently entered the quantity over quality stage of my collection.
Interesting...marking for later research