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Divest stocks in gun-makers, New York City mayor tells city's pension funds
The Guardian ^ | 4 Dec 2015 | Gaurdian

Posted on 12/05/2015 9:03:52 AM PST by Alas Babylon!

In wake of San Bernardino mass shooting, Bill de Blasio appeals to comptroller to 'to divest immediately' from funds that include assault weapon-makers New York City's mayor, Bill de Blasio, urged the city's pension funds on Friday to divest their holdings in stocks of gun-makers after this week's mass shooting in San Bernardino, California. In a statement he said: "I call on all government pension funds in New York City and across the country to divest immediately from funds that include assault weapon manufacturers." The mayor urged the city comptroller "to divest as soon as possible if no verifiable assurance is given that assault weapons will not be sold to civilians". De Blasio also appealed to private investors to dump gun stocks and funds that invest in them.

(Excerpt) Read more at theguardian.com ...


TOPICS: Front Page News; News/Current Events; US: New York
KEYWORDS: banglist; deblasio; guncontrol; gungrabber; sanbernadino
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To: Billthedrill
Aw, you beat me to it.

Great minds think alike (and read the thread before posting :-).

21 posted on 12/05/2015 9:42:35 AM PST by Carry_Okie (Donald Trump is Ross Perot, with hair.)
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To: Alas Babylon!

Great decision, DeBlasio. This is about the only investment that is probably keeping the funds sound, or close, depending on how many shares are owned. I’m sure the board members are doing their fiduciary duty and advising the Mayor that they could be sued for malfeasance by divesting a stock(s) for political reasons that are outperforming the market and by doing so cause lower rate of returns for the funds.


22 posted on 12/05/2015 9:42:37 AM PST by ripnbang ("An armed man is a citizen, an unarmed man a subject")
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To: Billthedrill; Grampa Dave

Sure Wilhelm, that’s all and well for you to say, but have you looked at the performance of Arms mfr’s these past seven years....hmmmm?

Not likely that any State agency holds those high performers, much to the regret of pensioners stuck with Kumbyah green stocks.

While you’re at it, tell ‘em to stop buying those Ottom Empire Bonds, they”re turkeys.


23 posted on 12/05/2015 9:44:10 AM PST by Covenantor ("Men are ruled-...by liars who passing refuse them news, and by fools who cannot govern." Chesterton)
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To: Alas Babylon!
Sell them you yankee loon and someone in the South will pick them up

I see a win win situation on our part down in Dixie.

24 posted on 12/05/2015 9:44:56 AM PST by eartick (Been to the line in the sand and liked it)
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To: Alas Babylon!

Typically obtuse economic advise from the Communist Mayor of NYC, “Red Bill” De Blasio: “Gun manufacturers are having another record sales year, especially those making the most popular firearm in the U.S., the AR-15. So sell all of your stock in those highly profitable, legal concerns. Never mind that public employee union pension funds are in decline. We can just squeeze the taxpayers harder!” CASE in POINT-NEVER take financial advise from a Commie! “Red Bill” is a fool.


25 posted on 12/05/2015 9:45:47 AM PST by CharlesThe Hammer ( Molon Labe, Lock and Load)
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To: Alas Babylon!

The Five Family Commission in New York will be as happy as they were during prohibition.

Youse want guns, just visit any one of our Social Clubs and tellim’ “Guido sent me”.


26 posted on 12/05/2015 9:46:26 AM PST by RetSignman (Obama is the walking, talking middle finger in the face of America)
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To: Alas Babylon!
Yep, with gun sales at record highs and their products flying off the shelves, now is a great time to sell!

Idiots.

27 posted on 12/05/2015 9:46:56 AM PST by IronJack
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To: Alas Babylon!

Buy, Buy, Buy!


28 posted on 12/05/2015 9:48:41 AM PST by umgud
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To: Alas Babylon!

The Five Family Commission in New York will be as happy as they were during prohibition.

Youse want guns? Just visit any one of our warehouses and tellim’ at the door “Guido sent me”.


29 posted on 12/05/2015 9:50:08 AM PST by RetSignman (Obama is the walking, talking middle finger in the face of America)
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To: Alas Babylon!
assurance is given that assault weapons will not be sold to civilians

Police are civilians so they can't sell to police either, then.

Idiot.

30 posted on 12/05/2015 9:53:03 AM PST by Larry Lucido
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To: Alas Babylon!

While you are selling those shares deblabio, please short the hell out of them to!


31 posted on 12/05/2015 9:53:59 AM PST by US_MilitaryRules (The last suit you wear has no pockets!)
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To: Alas Babylon!

Make them buy all “green energy” stocks Mr. Blowjobio.

Then you can be a Lefty hero.


32 posted on 12/05/2015 9:55:39 AM PST by E. Pluribus Unum (Little children have imaginary friends. Modern liberalism has imaginary enemies.)
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To: Steely Tom
I think there's something the NYS constitution on public pensions.

No idea if it applies to local as well as the state.

33 posted on 12/05/2015 10:06:05 AM PST by Calvin Locke
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To: Alas Babylon!

That’s a great idea!

The stocks will be cheaper for me to buy! $$$

-unrepentant American capitalist


34 posted on 12/05/2015 10:24:25 AM PST by neocon1984
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To: Alas Babylon!
Mid-November would have been a good time to increase one's position i RGR. I see no possible downside until November, 2016. The day after election day when the results are official and we know for certain that some scumbag communist or pantsuit-wearing do-nothing disbarred twat are not going to be President, liquidate the position.

You are welcome, in advance.

35 posted on 12/05/2015 10:49:06 AM PST by Rodamala
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To: E. Pluribus Unum

He should tell them to divest of any clothing manufacturer that produces burkas and any Saudi company contributing to this problem.


36 posted on 12/05/2015 10:59:39 AM PST by taterjay
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To: Steely Tom

Too true. That’s why Obamacare was really enacted. Our own Americans out of work or incapacitated and having to rely on welfare were already getting free medical. The gov’t had to make sure all the working class/middle class paid up additional monies to support the new continuous influx of non citizen welfare class, instead of stopping them pouring in. And most of them are illiterate, don’t speak English, and will be unable or unwilling to work forever. Pray for Paris, but throw in a few for America while you’re at it.


37 posted on 12/05/2015 11:25:29 AM PST by kiltie65
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To: kiltie65

Oooops, think I got that on the wrong thread. Mea culpa.


38 posted on 12/05/2015 11:27:07 AM PST by kiltie65
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To: Alas Babylon!

Maybe he can move all the cities stock over to Facebutt and Uber. It’s never to late, right mayor?


39 posted on 12/05/2015 11:27:40 AM PST by eyedigress ((Old storm chaser from the west))
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To: Alas Babylon!

We should dump Democrat politicians who favor pandering over defending the Bill of Rights.


40 posted on 12/05/2015 11:38:50 AM PST by VeniVidiVici (Obama = ISIS Fanboy)
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