Emanuel To Banks: Stop Supporting Gun Makers

[TexGun]

Hi;

     can the NRA establish some sort of banking instituion itself ? Like that of a Credit Union where people buy shares  or  CD  and just let it sit there for a 3-5 year period with some interest ? this could be a good thing for the gun manufactures and the average gun owner.

     the NRA maybe a not for profit corporation, but they have the contacts with capable people to set this up and get it rolling.

     If george Soros can pull strings - what about the NRA.

They could, but under current regulations credit unions are limited as to how much business lending they can do.  Some regional bank in the South should hang out the welcome sign for firearms related business.

Unfortunately, most banks are scared shitless of risk these days, and if legislation goes the wrong direction the banks could lose big.

[tombogan03884]

They could, but under current regulations credit unions are limited as to how much business lending they can do.  Some regional bank in the South should hang out the welcome sign for firearms related business.

Unfortunately, most banks are scared shitless of risk these days, and if legislation goes the wrong direction the banks could lose big.

Then they would have incentive to fight the legislation, wouldn't they .

[TexGun]

Then they would have incentive to fight the legislation, wouldn't they .

I agree wholeheartedly.

[MikeBjerum]

Am I an idiot for thinking that this sort of thing is ILLEGAL?

Sadly no it isn't.

It is no different that a mayor asking a business to card everyone who looks to be under 30 years old to cut down on underage drinking or smoking, or asking businesses to double check id's to cut down on stolen checks or credit cards.

As long as there is no penalty or preference attached, he can speak out to ask businesses and individuals to do things "for the betterment of the community."

[JC5123]

So how exactly is refusing to lend to one of the last profitable industries in the country not "for the benefit of the community? After all, didn't we just find out that many of these gun grabbing lib-tards are invested in gun companies?

Oops, sorry, I let logic get in the way there for a minute.

[Sponsor]

[TexGun]

Looks like Sen. Ted Cruz from the great State of Texas sent a letter to old Rham...

http://www.scribd.com/doc/122832153/Cruz-letter-to-Emanuel-bank-chiefs. (link to the Letter)


Sen. Cruz to Rahm Emanuel: Keep your 'anti-gun crusade' out of Texas
By Daniel Strauss    - 01/29/13 03:09 PM ET
Sen. Ted Cruz (R-Texas) wants Chicago Mayor Rahm Emanuel (D) to stay away from Texas when it comes to gun reform.

 
Cruz sent a letter to Emanuel and the heads of two banks and two gun manufacturing companies on Tuesday in response to a call by Emanuel, President Obama's former chief of staff, for the banks to stop lending to the gun makers.

"Your continued anti-gun crusade may well cause some to wonder if the interests of the citizens of Chicago are being sacrificed in pursuit of a partisan agenda," Cruz writes. "Regardless, directing your attack at legitimate firearms manufacturers undermines the Second Amendment rights of millions of Texans. In the future, I would ask that you might keep your efforts to diminish the Bill of Rights north of the Red River."

On Thursday Emanuel wrote to the top executives of Bank of America and TD Bank, respectively, urging them to stop lending to gun manufacturers Smith & Wesson and Sturm, Ruger & Co. In Cruz's response, the junior senator from Texas urges the bank CEOs to come to Texas.

"Both of your companies do considerable business in the City of Chicago, and you may be understandably concerned that there are risks to refusing to comply with the demands of a politician who has earned the nickname, 'The Godfather,' " Cruz writes to the bank chiefs. "In Texas, we have a more modest view of government.

"We do not accept the notion that government officials should behave as bullies, trying to harass or pressure private companies into enlisting in a political lobbying campaign. And we subscribe to the notion, quaint in some quarters, that private companies don't work for elected officials; elected officials work for private citizens.

"In light of the reception you have received in the Windy City, please know that Texas would certainly welcome more of your business and jobs you create," Cruz adds.

And to the gun manufacturers, Cruz offers to introduce their companies to banks in Texas.

"Should Mayor Emanuel's bullying campaign prove successful, I am confident that there are numerous financial institutions in Texas that would be eager to earn your business. And in the event that it might prove helpful, I would be happy to introduce you to their leaders," he writes.

Emanuel has recently been active in pushing stricter gun laws, both in his hometown and at the federal level. He recently appeared at a panel at the Center for American Progress alongside Rep. Mike Thompson (D-Calif.), the top Democrat on a House task-force for reducing gun violence, to discuss passing new gun restrictions.

[Frosty]

Sadly no it isn't.

It is no different that a mayor asking a business to card everyone who looks to be under 30 years old to cut down on underage drinking or smoking, or asking businesses to double check id's to cut down on stolen checks or credit cards.

As long as there is no penalty or preference attached, he can speak out to ask businesses and individuals to do things "for the betterment of the community."

YES! IT IS ILLEGAL what that idiot is trying to do. I would have to research the exact law but it is illegal.

[tombogan03884]

YES! IT IS ILLEGAL what that idiot is trying to do. I would have to research the exact law but it is illegal.

You need to post the specific law because I think you are wrong .
What Rahm has done is no different than the pressure the left brought to bear to undermine White rule in South Africa .

[MikeBjerum]

YES! IT IS ILLEGAL what that idiot is trying to do. I would have to research the exact law but it is illegal.

You show me the law or Constitutional Article that says it is wrong for a public official to ask or suggest a person, organization or business to do or not do something, and I tell you you have what it takes to remove every public official from their office or job.

I don't know of a single elected official that at some point hasn't communicated with private entities that they should or shouldn't do something for the "good of the citizenship."

[Frosty]

Ok, After much research - I concede I was wrong  , you are correct. I take back my post.