According to the Washington Times, Chicago Mayor Rahm Emanuel is now resorting to a subtle form of extortion to force banks that loan money to gun manufacturers to change their way of doing business with the firearms manufacturers.
In a letter to TD Bank and Bank of America on Thursday, Mr. Emanuel asked the CEOs to force gun manufacturers they do business with to “find common ground with the vast majority of Americans who support a military weapons and ammunition ban.”
TD Bank provides $60 million in credit to Smith & Wesson; Bank of America provides a $25 million line to Sturm, Ruger & Co.
Public officials and state governments forcing their political views on private businesses, to do the government’s bidding with respect to gun control, is not as farfetched as one might think.
Mr. Emanuel can’t force the banks to comply, and so far, CEOs haven’t responded, the Boston Globe reports.
But the Chicago pol(itician) did just convince city officials to divest $5 billion in pension fund investments from companies that manufacture guns.
New York and California have stopped pension investments in companies that do business with the gun industry, according to reports.
What do you think about the latest authoritarian Democratic official’s technique of using their ends (gun control) to justify their means (extortion)? IMHO, this is but a first step in their absolute power corrupting absolutely.