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Obama Inc Trying to Use Banks to Destroy Gun Manufacturers
FrontPageMag ^ | 1/25/2013 | Daniel Greenfield

Posted on 01/25/2013 8:21:44 AM PST by sheikdetailfeather

There were fairly clear policy rules once upon a time. If you wanted to pass gun control, you would get up, use a bunch of kids as props and put in a Senate bill that would get the job done. That’s still being done, but it’s only the tip of the iceberg.

Obama Inc. is consolidating control over the economy which puts its minions in the position of being able to make policy through economic pressure and policy. Under Socialism, you don’t have to pass a law, you just have to use your economic control to make the companies enforce the law.

Growing government control over banks and investment companies, directly and indirectly, allows those institutions to be used to target firearms manufacturers.

Cerberus was bullied into dropping the Freedom Group which includes Remington and Bushmaster. Bushmaster has become a special target for the anti-2nd amendment movement. Now Rahm Emanuel is demanding that TD Bank and Bank of America end their lines of credit to firearms manufacturers unless they come out in support of Obama’s war on the Bill of Rights.

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


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: banglist; banks; bhobanglist; destroy; guncontrol; gunmanufacturers; guns; obama; obamaguns; sandyhookpolitics; secondamendment
Bullies destroying America for their own power.
1 posted on 01/25/2013 8:21:53 AM PST by sheikdetailfeather
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To: sheikdetailfeather
Bullies destroying America for their own power.

Please allow me to change: Communists destroying America for their own power.

2 posted on 01/25/2013 8:27:53 AM PST by Logical me
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To: sheikdetailfeather
We need to ask the question, how is this not fascism?
3 posted on 01/25/2013 8:30:27 AM PST by Vince Ferrer
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To: Logical me

Communists are cowards and incapable of direct conflict. They know good and damned well that they would rile the American bear into action if they came at it directly, so they’re trying to trap it and kill it to make us comply.


4 posted on 01/25/2013 8:30:28 AM PST by rarestia (It's time to water the Tree of Liberty.)
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To: sheikdetailfeather

We are rapidly reaching the point that the Founders feared would require a Second Amendment.


5 posted on 01/25/2013 8:31:16 AM PST by The Great RJ
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To: sheikdetailfeather

I wonder if the folks who sat home because they didn’t want to vote for a Mormon moderate have a clue yet as to how badly they screwed up?


6 posted on 01/25/2013 8:31:16 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: sheikdetailfeather
Hopefully somebody is making a list of the banks that are participating in this action, and the bank executives aligned with these policies.

Of course, Bank of America has been the "Bank of Obama" since the 2008 bailout.
7 posted on 01/25/2013 8:33:00 AM PST by indthkr
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To: expat1000

.


8 posted on 01/25/2013 8:33:27 AM PST by smoothsailing
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To: sheikdetailfeather
Rahm should be reminded that there are RICO laws and sunshine laws that might be inconvenient should we ever get the communists thrown out of the executive branch.
9 posted on 01/25/2013 8:35:38 AM PST by bitterohiogunclinger (Proudly casting a heavy carbon footprint as I clean my guns ---)
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To: Georgia Girl 2
Romney did all the same stuff as governor. I think every honest person here will acknowledge that by now.

Or your position is that a Mormon baby killer, gun grabber, homo facilitator is better than a non-Mormon one???

10 posted on 01/25/2013 8:36:34 AM PST by steve86 (Acerbic by Nature, not NurtureĀ™)
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To: sheikdetailfeather
If anything, this tells us how out of control our government is. This is what the founding fathers warned us about, and why they gave us the Second Amendment.
Hopefully, people who aren't normally engaged will feel a little "uneasy" about what this administration is doing to innocent people - who are doing nothing but protecting their Constitutional rights. Because when SOME are denied their Constitutional rights, it won't be long before ALL are denied their Constitutional rights. AND, a defenseless population won't be able to do anything to stop it.
11 posted on 01/25/2013 8:37:05 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Georgia Girl 2

“I wonder if the folks who sat home because they didn’t want to vote for a Mormon moderate have a clue yet as to how badly they screwed up?”

Or how about the ones who wasted their votes on the green party or on Ron Paul over “principle”. I would have gone along with that if he had a chance to win, but to know he wouldn’t and that you were giving your vote to Obama is plain dumb.


12 posted on 01/25/2013 8:38:15 AM PST by Wisconsinlady (The 2nd amendment is NOT about hunting-but protection from a tyrannical govt)
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To: The Great RJ

Sadly, it seems near.


13 posted on 01/25/2013 8:40:18 AM PST by Lumper20 (`)
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To: The Great RJ

Sadly, it seems near.


14 posted on 01/25/2013 8:40:36 AM PST by Lumper20 (`)
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To: Georgia Girl 2; All

They won’t.


15 posted on 01/25/2013 8:41:34 AM PST by KevinDavis (And you, be ye fruitful, and multiply; bring forth abundantly in the earth, and multiply therein.)
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To: Georgia Girl 2

Obviously not by the response on this thread.


16 posted on 01/25/2013 8:43:44 AM PST by Girlene
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To: steve86

I think he would have been better than Obunghole on the economy, regulations, taxes and some other stuff. I have no reason to think he would have been appreciably better than what we have now in the areas you mentioned and he may have even been worse as the Republican House would have gone along with him.


17 posted on 01/25/2013 8:46:36 AM PST by jospehm20
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To: sheikdetailfeather

18 posted on 01/25/2013 8:46:54 AM PST by Lancey Howard
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To: sheikdetailfeather

Don’t own a bank, rob one.

Under Obama’s policies, it will soon make more sense to rob banks, since often bank robbers succeed, than to own banks, on which Obama will impose increasingly profit-losing regulations, making it impossible for banks to succeed.


19 posted on 01/25/2013 8:52:19 AM PST by Bluestocking
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To: sheikdetailfeather
From a practical point of view there are 2 opposing forces at work here and the result may be unintended for Obama.

The 2 opposing forces are, first, Obama's effort to squeeze financial interests (lending and investors) out of the gun market and, second, raging demand for guns and ammo resulting from Obama's attacks on gun ownership.

The most likely result is that the larger gun companies are pressured by big lenders and big investors causing them to divest and splintering the industry into smaller companies.

Small is a great place to be for the gun industry. Yes, more competition, but frankly demand is so incredible that the additional competition won't even be noticed.

20 posted on 01/25/2013 8:52:19 AM PST by RoosterRedux
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To: Lancey Howard

The gun manufacturers should go to the equity market to replace their loans. It would be tough on current share holders, but make them immune to commercial bank pressure.


21 posted on 01/25/2013 8:52:19 AM PST by Oldexpat
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To: sheikdetailfeather

Houston, TX:
Moody Bank
Frost Bank

They would be a good replacement for BOA.


22 posted on 01/25/2013 8:54:08 AM PST by buffaloguy
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To: Logical me
Bullies destroying America for their own power.
Please allow me to change: Communists destroying America for their own power.

Fascists destroying America for their own power, because this is fascism. Even a flaming liberal would have a hard time defending it if that liberal were to be brutally honest.
If a Republican were doing this to the first Amendment (another Constitutional right, for example), that liberal would be freaking out right now - big time. There would be rioting in the streets. Buildings would be set ablaze.

23 posted on 01/25/2013 8:55:49 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: The Great RJ
We are rapidly reaching the point that the Founders feared would require a Second Amendment.

My 92 y/o mother (who is scared to death of guns) made that very point just yesterday.

While she is scared of guns, she appreciates the fact that I have a growing arsenal.

24 posted on 01/25/2013 8:57:18 AM PST by RoosterRedux
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To: Oldexpat
The equities markets are also being squeezed by the demands for divestiture on the part of investors like Cerberus who are under pressure from their investors (like the California teachers’ pension fund).

That said, retail investors (small, non institutional investors like you and me) might pick up the slack if the gun companies accessed the public markets for equity.

25 posted on 01/25/2013 9:05:31 AM PST by RoosterRedux
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To: sheikdetailfeather

They will whine when the gun manufacturers start using foreign banks.


26 posted on 01/25/2013 9:06:14 AM PST by Mike Darancette (Soylent Green is Boomers)
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To: The Great RJ

The irony is classic. Libtards mock us for using tyranny as the argument for having the 2nd Amendment while Ovomit is using tyrannical actions to eliminate the 2nd Amendment.


27 posted on 01/25/2013 9:06:59 AM PST by Lee'sGhost (Johnny Rico picked the wrong girl!)
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To: sheikdetailfeather

There are a lot of banks in Houston which did not take tarp funds or any other funds from the government and they are pretty flush with cash from the oil business. You haven’t heard of these banks as they are local and they keep a low profile. One of the banks when called by the Feds to take TARP funds actually told the Feds “go to hell”.

Staffed with Texans they would be very happy to entertain any financing arrangements with gun manufacturers. This is Texas and they will listen.


28 posted on 01/25/2013 9:07:04 AM PST by buffaloguy
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To: RoosterRedux
My 92 y/o mother (who is scared to death of guns) made that very point just yesterday.
While she is scared of guns, she appreciates the fact that I have a growing arsenal.

I think a lot of people are starting to think the same way. I think honest people would say they're happy a few in their neighborhood are armed, because when protection is needed, those neighbors will be the only thing that saves them. No politician is going to show up at their doors and shoo the bad guys away.
People know Obomas economy is a mess (even though some democrats won't admit it, they know it is), and they know there's a risk of raging, animalistic welfare hoards if the money runs out. Who's going to come running to personally save them? Nancy Pelosi? (She's going to be on a plane out of the country before the American even know what hit them!)

29 posted on 01/25/2013 9:12:40 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: sheikdetailfeather

Related?

http://freerepublic.com/focus/f-news/2981822/posts


30 posted on 01/25/2013 9:21:45 AM PST by cuban leaf (Were doomed! Details at eleven.)
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To: Wisconsinlady
“I wonder if the folks who sat home because they didn’t want to vote for a Mormon moderate have a clue yet as to how badly they screwed up?”

_______________________________________

What they have done is insured the demise of our country. I have my doubts that it will ever come to a shooting war. The US as we have known it is over.

Thanks principled voters, you did it. Thats right you voted for Paul or stayed at home, YOU did it. What you did is worse than Obama. Obama knows what he is doing and we know it and expect him to do it. What you did you did out of arrogance. You think your principles are more important than the life of the country.

Have fun as we spin down.

31 posted on 01/25/2013 9:31:20 AM PST by JAKraig (Surely my religion is at least as good as yours)
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To: indthkr
Of course, Bank of America has been the "Bank of Obama" since the 2008 bailout.

Which is why a self-respecting firearms dealer will be looking for a bank that is not federally owned (in whole or in part) to process credit card transactions.
32 posted on 01/25/2013 9:33:10 AM PST by Milton Miteybad (I am Jim Thompson. {Really.})
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To: Georgia Girl 2

Just got a note from my niece. She lives in California and LOVES all the freebies that socialist government provides.

Asked me to try to buy a handgun for her (in another state).

You can imagine the polite but firm reply I gave her.


33 posted on 01/25/2013 9:34:32 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Georgia Girl 2

If Romney were in the Whitehouse, after Sandy Hook most of the Republicans would be following him so closely on a post shooting gun ban that if he stopped fast, their heads would jam so far up his ass it would look like he had dozens of adams apples...


34 posted on 01/25/2013 9:38:13 AM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: sheikdetailfeather

Maybe it’s time for the manufacturers to start using credit unions. They can provide syndicated loans of a reasonable size - not as large as a regional bank - but they’re a heck of a lot more member friendly and they cooperate with other CUs as partners vs enemies.


35 posted on 01/25/2013 9:41:59 AM PST by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: The Great RJ
We are rapidly reaching the point that the Founders feared would require a Second Amendment.

Frankly, I think we are being manipulated. But, their incompetence is showing also. I am sure that the lefties would nothing more than a violent clash, especially where guns are involved. These idiots inherently know that the barrel of a gun holds power and they covet this power for themselves.

They keep stoking this hot botton issue but at their own peril. I fully expect a Krystalnacht(sp) in the form of racial event some time in the near future. The headlines will read something like "whities execute dozens of poor, defenseless blacks near Detroit neighborhood".

36 posted on 01/25/2013 9:42:17 AM PST by VRW Conspirator (Sometimes it takes calamity to lead to serenity - FReeper RacerX1128)
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To: Georgia Girl 2
Granted, that would be if the shooting subsequently still occured. Of course, there are a lot of things he would have been fine to have in office for, dealing with Islam, financial affairs, etc... But I think under the perfect storm of media/statist anti gun frenzy, having a marxist in the WH with a majority Republican House is about the best we could ask for to maintain the line.
37 posted on 01/25/2013 9:43:06 AM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: Axenolith

The NRA produces mountains of spam and other money raising mail. They should, instead, open an NRA bank. It would be huge.


38 posted on 01/25/2013 9:52:17 AM PST by aimhigh ( Guns do not kill people. Planned Parenthood kills people.)
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To: buffaloguy

Guys ... this is a concerted “back door” effort by Obama. The banks that suck are:

Bank of America
Wells Fargo

This is about who processes the credit cards and the small banks keep getting bought up by these two and then the gun stores are purged from the ranks.

I will not do business with Bank of America or accept checks from Bank of America since they asked me for two forms of id after I watched them cash paychecks for the 4 illegals in front of me with no ID...the girl literally refused to cash a $90 check from a client without a TX DL and a passport....but photocopied driver’s licenses were a okay for the fine gentlemen in front of me.


39 posted on 01/25/2013 9:52:34 AM PST by willyd (Don't shoot, we're Republicans!)
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To: willyd

The left actually loves the fascist model more than the socialist model.

Under the fascist model, they control a few big companies which buy up or put of of business all the small competitors.

And, when there are negative consequences of their policies, they can still blame the private entity instead of taking the blame themselves.


40 posted on 01/25/2013 9:57:21 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: steve86

“Or your position is that a Mormon baby killer, gun grabber, homo facilitator is better than a non-Mormon one???”

I’ll take that as an “I sat home”. :)


41 posted on 01/25/2013 9:58:02 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: aimhigh

Now THAT is a good idea...


42 posted on 01/25/2013 2:18:59 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: smoothsailing

I’m way past shock at this point. I wonder how long it’ll be until they come for Greenfield (then the rest of us).


43 posted on 01/25/2013 4:41:45 PM PST by expat1000
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