This has been psted a few times on FR. Soros has nothing to do with The Freedom Group or Cerberus Capital Management.
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So, who is Cerberus Capital Management? Name names.
Is this the outfit that Dan Quayle has an interest?
There is a fairly long article on Cerberus at Wikipedia. No telling how much it has been slanted, but presumably the names are correct.
Some extracts:
Cerberus Capital Management, L.P. is one of the largest private equity investment firms in the United States. The firm is based in New York City, and run by 51-year-old financier Steve Feinberg. Former U.S. Vice President Dan Quayle has been a prominent Cerberus spokesperson and runs one of its international units.
The firm’s headquarters are located at 299 Park Avenue in New York City.
Founded in 1992, Cerberus is named for the mythological three-headed dog that guarded the gates of Hades. Feinberg has stated to his employees that while the Cerberus name seemed like a good idea at the time, he later regretted naming the company after the mythological dog.[1]
The company has been a very active acquirer of businesses over the past several years and now has sizable investments in automotive, sportswear, paper products, military services, real estate, energy, retail, glassmaking, transportation, and building products. In 2006, its holdings amounted to $24 billion.
On October 19, 2006, John W. Snow, President George W. Bush’s second Treasury Secretary, was named chairman of Cerberus.
J. Ezra Merkin is a partner in Cerberus. Merkin invested his funds into Cerberus and its portfolio companies. His Gabriel fund invested $79 million in Chrysler, $66 million in GMAC and $67 million in Cerberus partnerships, according to year-end statements.[2] The Gabriel Fund was a feeder fund for Bernard L. Madoff Investment Securities LLC.[3]
Firearms Ping
Can’t find any Soros connection. FactCheck and Snopes deny the rumor that he is involved. Of course, neither source is reliable on such matters, and possibly the search engines have scrubbed the connection.
But it looks like it’s run by Establishment Republican types.
This has been psted a few times on FR. Soros has nothing to do with The Freedom Group or Cerberus Capital Management.
Someone ought to invent Anti-Trust laws...Oh wait, they got sold too...
Sounds very scary to have this one Mega player buying up weapon manufactures. Nothing good can come from this IMO.
If Soros really thinks he could buy all the gun manufacturers and shut them down, then he’s nuts. Of course, he IS nuts, but that’s beside the point.
There are a lot of people who know how to make guns. As long as the biggies are doing it, the small operators will remain small. But if Soros shuts down the biggies, the small operators will suddenly become big operators.
With the so called “Arab Spring” and Iran messing stuff up in the ME, it makes sense to be in the arms business.
There will be chaos and violent confrontations in the coming years and American companies sell more arms and resupply than any other country.
Sorry but you’re first post of 2012 is totall Bulls#it. There is nothing sinsiter at work here, and in fact the Freedom Group is made up of 2nd amendment supporters who are doing the industry a service by maintaining the viability of this companies.
Search would have told you this.
When I was a kid (40 years ago) the firearms industry was made up of just a few big players and maybe a dozen very minor (custom or near custom) players.
Today, CNC machines and other milling advances make anyone who desires to be a firearm manufacturer a player. This has been a marvelous development for the 2A, as it really spreads the industry out into a vast base.
If Remington, Winchester, and Mossberg were all closed tomorrow, the gap in available arms would be filled within 48 months.
They aren’t buying up these firearms companies too rapidly, because I’ve been reading this story here and there for the better part of the past two years. lol
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