Home > Uncategorized > Rahm Emanuel presses banks on guns (Demands they stop doing business with gun manufacturers)

Rahm Emanuel presses banks on guns (Demands they stop doing business with gun manufacturers)

Posted on Friday, January 25, 2013 10:01:46 AM by Zakeet

 

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.

 

obamadash

obamadash (Photo credit: GunnyG1345)

 

 

 

 

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.

 

 

“TD Bank currently aids the gun manufacturing industry through a $60 million revolving line of credit with Smith & Wesson, a gun manufacturer that produces the AR-15 – an assault weapon that was used by James Holmes to kill 12 people and wound 58 in a crowded movie theatre in Aurora,” Emanuel’s missive to TD CEO Bharat Masrani states. “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. Collectively we can send a clear and unambiguous message to the entire gun industry that investors will no longer financially support companies that profit from gun violence.”

 

(Excerpt) Read more at politico.com …

 

via Rahm Emanuel presses banks on guns (Demands they stop doing business with gun manufacturers).

 

IS THIS MAN, PRESIDENT OF THE UNITED STATES OF...

IS THIS MAN, PRESIDENT OF THE UNITED STATES OF AMERICA, THE LEADER OF THE FREE WORLD, MENTALLY ILL? (Photo credit: SS&SS)

 

 

 

 

Enhanced by Zemanta
  1. No comments yet.
  1. No trackbacks yet.
You must be logged in to post a comment.
Follow

Get every new post delivered to your Inbox.

Join 1,086 other followers