Rahm Emanuel presses banks on guns

[The Annoyed Man]

http://www.politico.com/story/2013/01/r ... 86706.html
Rahm Emanuel presses banks on guns
By JONATHAN MARTIN | 1/25/13 5:00 AM EST

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.

{.....SNIP.....}

“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......."

That sounds like a threat to me. Emmanuel wouldn't do that, would he?

[QMCS]

It's the "Chicago Way"

[Andrew]

Now the Antis want to politicize how the States, Counties, and Cities acquire firearms for our LEOs? If you or I attempted something like this we'd be prosecuted for racketeering. Oh, wait this is Chicago, of course we're going to racketeering involved.

[CoffeeNut]

Maybe Rahm should focus on the murder rate in his city rather than the policies of a nationwide bank.

[OldCurlyWolf]

http://www.politico.com/story/2013/01/r ... 86706.html
Rahm Emanuel presses banks on guns
By JONATHAN MARTIN | 1/25/13 5:00 AM EST

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.

{.....SNIP.....}

“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......."

That sounds like a threat to me. Emmanuel wouldn't do that, would he?

It could be called Extortion. That is a Felony. Wouldn't that be nice to see him in Leavenworth or Joliet for that?

[i8godzilla]

I recently increased my stock position in Smith & Wesson Holdings. Thinking of a buy order on Ruger.

Maybe it is time for fireams owners to create our own private equity company to provide working capital to this industry.