Liberal Teachers Union forces sale of Remington Arms!!!!!

Discussion in 'News and Politics' started by 4hunting, Dec 19, 2012.

  1. 4hunting

    4hunting Well-Known Member

    I knew about this happening yesterday, but today it was made official, Remington Arms is on the auction block. Seems that the Califorinia Teacher's Union has a bunch of money invested in the investment firm who owns Remington Arms and they call the CEO yesterday & threatened to bankrupt the company that owns it!!!!!



    http://dealbook.nytimes.com/2012/12/18/cerberus-to-sell-gunmaker-freedom-group/
     
  2. John Stiles

    John Stiles Ultimate Member 2007 Team Turkey Contest Winner

    .........the country’s largest gun company received a phone call from one of their most influential investors.

    An official at the California teachers’ pension fund, which has $750 million invested with the private equity firm, Cerberus Capital Management, was on the line, raising questions about the firm’s ownership of the Freedom Group, the gun maker that made the rifle used in the Connecticut school shootings.

    Well, well......so the teachers union played a part in this massacre! Now all of a sudden they want to wash their hands clean of it, at the expense of the teacher's pension fund! HA HA HA.......one official? Yeah right, and tell us "official" how do you know Remington made that particular rifle? This whole deal begins to evolve more and more by the telling.:razz::skeptical::whistle:
     

  3. 4hunting

    4hunting Well-Known Member

    Been doing a little research on this, The whole deal smells the high heaven, got White House written all over it. Has no logic at all, to up, out of the blue put several gun companies on the auction block, losing vast amounts of money on them, not to mention ruining the employee's retirement accounts does not add up. Heck, the very teachers union pension fund that called for this has lost a ton of money on this move, they were vested in the stock of these same companies that has fell by over 50% in just the last 24 hours. Who in the world would want to do that to their own pocketbook unless they know there is a pot of gold at the end of the rainbow for doing this?

    Only way you, as a company do something stupid like this is you know your bread is going to get buttered real well for this. Look at this companies other holdings, just happen to be the very same company that bought Chrysler & GM from the goverment, making Obama's bailout of them look real rosy, funny is it not? Goverment, taxpayer money being used to make others money:
    Then looking down the list, who is one of their biggest customers? Yep, the US Goverment. They own 2 companies who provide major product & services to the goverment, one of them is of all things, military based provider. More taxpayer money being given out to private companies for profit:

    http://en.wikipedia.org/wiki/GeoEye
    http://www.iapws.com/what-we-do/
     
  4. atuphilamb

    atuphilamb Well-Known Member

    Freedom Group is huge. They own the following:
    REMINGTON
    BUSHMASTER
    REMINGTON MILITARY
    REMINGTON LE
    MARLIN FIREARMS
    H&R 1871
    DAKOTA ARMS
    TAPCO


    DPMS / Panther Arms
    PARKER GUNMAKERS
    BARNES BULLETS
    ADVANCED ARMAMENT
    PARA USA
    REMINGTON PMPD
    MOUNTAIN KHAKIS

    Don't expect this to be a quick sale. No one is going to jump on buying a arms company with all the upcoming gun control talk.