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HelicopterOff Topics News & Politics › Emanuel To Banks: Stop Supporting Gun Makers
01-25-2013 10:15 PM  4 years agoPost 1
Dennis (RIP)

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Oregon

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Emanuel To Banks: Stop Supporting Gun Makers

January 25, 2013

CHICAGO (CBS) — Chicago Mayor Rahm Emanuel is putting more pressure on gun makers to get behind his push for an assault weapons ban and criminal background checks for gun purchasers.

This time, he wants to go after their bottom line.

Emanuel is pushing two major financial institutions to stop their financial backing of gun makers, unless those companies support “commonsense reforms, including requiring criminal background checks on all gun sales.”

The mayor is urging that banks to stop lines of credit, financing for acquisitions and expansions and financial advising.

In a letter sent Friday to the CEOs of Bank Of America and TD Bank, Emanuel said: “In the past, the gun industry has stood in opposition to these safety measures. They opposed a ban on assault weapons on America’s streets, opposed a ban on military-style clips, opposed a criminal background check on all gun purchases and opposed any effort to crack down on criminal gun traffickers.”

In the letter, Emanuel says TD Bank offers a $60 million line of credit to Smith & Wesson, which produces the AR-15. That is the weapon used by James Holmes in the Aurora, Colo., theater massacre that killed 12 people. Emanuel wrote.

Emanuel told CEO Bharat Masrani “to use your influence to push this company to find common ground” on an assault weapons ban and gun background checks.

In a separate letter, Emanuel urged Bank Of America CEO Brian T. Moynihan to do the same thing with Sturm, Ruger & Co., which has a $25 million line of credit with the bank.

“Collectively we can send a clear and unambiguous message to the entire gun industry that investors will no longer financially support companies that support gun violence,” Emanuel wrote.

Last week, Emanuel ordered a portfolio analysis from the five pension and retirement funds for Chicago employees to determine if fund managers hold financial interests in companies that manufacture or sell assault weapons.

This week, the Chicago Municipal Employees Annuity and Benefit Fund (MEABF) board voted to divest more than $1 million from three companies that manufacture assault weapons – Freedom Group, Smith and Wesson and Sturm Ruger.

http://chicago.cbslocal.com/2013/01...ing-gun-makers/

My Comments: next, old Rahm will tell banks to close accounts of soccer Moms because they drive Fords.

What next?

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01-25-2013 10:18 PM  4 years agoPost 2
Noobyflyer

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Clearwater, FL

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Rahm really knows how to run a city huh? Telling a nation of legal gun owners what they can and can't have, but looks passed the shameful murder rate in his own front yard.

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01-25-2013 10:20 PM  4 years agoPost 3
Dennis (RIP)

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Oregon

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Chicago has a record of being the murder capital of the USA with the toughest gun laws in the country. This has been going on there for many years.

Translation: We support the criminal in full and penalize the honest, hard working people. And, our police force is ineffective.

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01-25-2013 10:42 PM  4 years agoPost 4
budz

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las vegas

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not here

these things happen only in communist, dictatorial form of government. not here where we claim to be THE LAND OF THE FREE.

team solo

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01-25-2013 11:08 PM  4 years agoPost 5
KingCobra Heli

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MA-USA

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Rahm really knows how to run a city huh? Telling a nation of legal gun owners what they can and can't have, but looks passed the shameful murder rate in his own front yard.
You forgot to mention his "Bully tactics" on the manufacturers too! He should be ashamed but he's too stupid to be.

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01-25-2013 11:32 PM  4 years agoPost 6
Dennis (RIP)

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Oregon

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Rahm really knows how to run a city huh? Telling a nation of legal gun owners what they can and can't have, but looks passed the shameful murder rate in his own front yard.
You forgot to mention his "Bully tactics" on the manufacturers too! He should be ashamed but he's too stupid to be.
Lets not forget the stupid, uniformed and ignorant voters that keep putting these turds back in office time after time after time after time again

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01-26-2013 05:42 AM  4 years agoPost 7
Metalizer

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Canton, Ohio

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Lets not forget the stupid, uniformed and ignorant voters that keep putting these turds back in office time after time after time after time again
Or the Turds that keep giving voters two Turds to vote for back in office time after time after time after time again.

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01-26-2013 05:50 AM  4 years agoPost 8
R Hudson

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Denver, CO

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Or the Turds that keep giving voters two Turds to vote for back in office time after time after time after time again.
Most accurate!

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