Rahm Emanuel to Banks: No More Credit for Gun Manufacturers
Back in July, Rahm Emanuel attempted to shut Chick-fil-A out of Chicago because the owner didn't agree with his personal views regarding gay marriage. He had asked city officials to block their ability to build.
Now, the Master of the Chicago Way is at it again, this time attacking legal and law abiding gun makers. He has requested that several large banking institutions no longer offer lines of credit to manufacturers such as Smith & Wesson until they agree to his proposals on gun control. As reported by CBS in Chicago:
“Collectively we can send a clear and unambiguous message to the entire gun industry that investors will no longer financially support companies that support gun violence,” Emanuel wrote.
First of all, since when do gun manufacturers support gun violence? They are manufacturing legal products, never intended to be used in an illegal way. This is an untrue and outrageous charge in itself, but the more frightening part is that his gangster style bullying efforts are working. The report goes on to say the following:
Last week, Emanuel ordered a portfolio analysis from the five pension and retirement funds for Chicago employees to determine if fund managers hold financial interests in companies that manufacture or sell assault weapons.
This week, the Chicago Municipal Employees Annuity and Benefit Fund (MEABF) board voted to divest more than $1 million from three companies that manufacture assault weapons – Freedom Group, Smith and Wesson and Sturm Ruger.
If corporations and financial institutions continue to be intimidated by the Chicago style threats and bullying we have come to expect from Emanuel and this administration in general, we are in serious trouble. There is no longer any need for them to legislate anything when they are able to use propaganda and manipulation to shut down anything they do not agree with, legal or not. This is starting to set an incredibly dangerous precedent for the future of this country.