Rahm Emanuel Using Coercion Against Banks And Gun Makers, Says CCRKBA
BELLEVUE, Wash., Jan. 29, 2013 /PRNewswire-USNewswire/ -- Anti-gun Chicago Mayor Rahm Emanuel is taking his demagoguery to a new level by attempting to coerce banks into refusing service to firearms manufacturers, the Citizens Committee for the Right to Keep and Bear Arms said today.
CBS News in Chicago reported that Emanuel was pressuring two major banks, identified as Bank of America and TD Bank, to stop lines of credit to Smith & Wesson and Sturm, Ruger, two of the largest gun makers in the industry. In letters to bank executives, Emanuel reportedly said he wanted to send a message to gun makers that they must buckle under to gun control measures being pushed by the Obama administration.
"This is outrageous," said CCRKBA Chairman Alan Gottlieb. "Mayor Emanuel is acting like a Chicago gangster instead of a public servant, and we are very concerned that there might be legal ramifications. How dare the mayor engage in this kind of anti-gun lobbying effort, trying to cut off operating capital to a pair of perfectly legal companies that happen to be engaged in perhaps the most heavily-regulated business in the country.
"Gun owners and people who believe in the Bill of Rights should stop giving Chicago a line of credit by purchasing municipal bonds," he added. "Rahm wants to send a message, and the nation should send him a reply."Mayor Emanuel is allegedly contending that lines of credit should dry up unless Smith & Wesson and Sturm, Ruger submit to operating their businesses the way anti-gunners demand," Gottlieb continued. "That conduct seems more in the realm of a street thug than a political leader, but then, again, we're talking about a mayor who presides over a city with Draconian gun laws and a murder rate rivaling a Third World country.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV