This is an amazing story of the arrogance and Communist mentality of Rahm Emanuel. Apparently the Mayor of Chicago and former Obama Chief of Staff thinks he has the power and the right to try and bully private businesses not to do business with other private businesses. This is sad what is becoming of our country. Something like this should sparks a public outrage against Emanuel but it appears Democrats (which is now the same as Communists) support this type of behavior by elected officials.
Take for example New York City Mayor Bloomberg making it a crime to serve Big Gulp soft drinks. Are the people really going to keep allowing this kind of thing from its government? Hope not!
From http://chicago.cbslocal.com: Emanuel To Banks: Stop Supporting Gun Makers
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.
Read the whole story about Rahm Emanuel’s Attempt to Bully Banks Here!
The scary part of all this is the banks may actually feel compelled to do what he is asking to maintain political favor! And remember he is the one that told Chick-fil-a they were not welcome in Chicago!
In a related story Texas Senator Ted Cruz sent a letter to Bank of America, TD Bank, Smith & Wesson and Ruger (he also copied Rahm Emanuel) letting the banks and the gun manufacturers know that Texas does not operate like Chicago and that he hopes they disregard the request of the ‘Godfather’ Mayor Emanuel. Below is the letter from Ted Cruz.