Two of the banks Emanuel is urging to deny funding to gun makers, is TD Bank, which is giving a 60 million credit line to S&W, and Bank of America provides a 25 million line to Ruger. I bet Chicago's current and retired public employee's wish the city had invested more in both companies.
I guess Emanuel he is trying to emulate NY and Calif. who both have mammoth unfunded pension liabilities. Chicago has unfunded liabilities of 25 billion. Being the socialist/Marxist that Emanuel is, he would never invest the cities money in a gun manufacturing company. Chicago's pension funds are predicted to run dry by the end of the decade. NY state public pension fund, and Calif's teachers pension funds have been divested of gun holdings. The fund for other Calif. public employees is expected to follow suit with the teachers pension funds.
I guess as long as the liberals are feeling good about themselves, nothing else matters. Which is the usual point of liberalism.
Since Obama was sworn in four years ago, there have been 65 million requests for backgound checks of gun purchases. In the last four years S&W stock has gone up 258% As for Ruger, their stock has gone up 691% in the last four years.
As long as we elect people with a character of Obama and Rahm Emanuel, Gun companies are going to do very well, and I don't see that changing.
