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Rahm Emanuel Pressures Banks to Abandon Gun Manufacturers

Posted by Steve Markowitz on January 25, 2013

Rahm-Emanuel-Chicago Mayor Rahm Emanuel is pressuring banks on who to make loans to.  According to CNNMoney, Obama’s former Chief of Staff wrote to CEOs of several large banks letters that include the following statement:

I ask you to use your influence to push this company [gun manufacturer] to find common ground with the vast majority of Americans who support a military weapons and ammunition ban, and comprehensive background checks.”  In addition, Emanuel said: “Doing business with gun manufacturers might benefit the banks’ bottom line, but they put our police officers, our children, and our communities at risk.”

Emanuel’s intervention into private banking is troubling on various fronts.  First, there is an implied threat that he could use his connections with the Obama Administration to cause their businesses difficulty should they not adhere to his demand.  This is yet another sign of dangerous governmental intervention into private markets.  Finally, it is attempt by Emanuel and his Leftist allies to thwart American’s Second Amendment rights.  Make no mistake about it; this last item is the true goal of the Progressives who are using the tragedy in a Connecticut school to further a political goal.

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