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Member since: Mon Aug 20, 2012, 08:26 PM
Number of posts: 2,615

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Private Equity Firm 'Dominant Player' Announces they are Getting out of Gun Biz

Kind of a weasel move on their part, washing their hands, or at least trying to.... but the big deal here is the money is moving away, which is a very good sign.

Cerberus Capital Management, one of the world's largest investment funds and a dominant player in the American gun industry, is getting out of the business, it said Tuesday morning, citing the horror of the shooting — not the commercial risk or negative attention — as the decisive factor in its decision.

Here's the company's full statement (at link):

We were shocked and deeply saddened by the events that took place at the Sandy Hook Elementary School in Newtown, CT on December 14, 2012. We cannot comprehend the losses suffered by the families and friends of those killed by the unthinkable crimes committed that day. No words or actions can lessen the enormity of this event or make a dent in the pain that was inflicted on so many.

In 2006 affiliates of Cerberus Capital Management, L.P. made a financial investment in Freedom Group. Freedom Group does not sell weapons or ammunition directly to consumers, through gun shows or otherwise. Sales are made only to federally licensed firearms dealers and distributors in accordance with applicable laws and regulations. We do not believe that Freedom Group or any single company or individual can prevent senseless violence or the illegal use or procurement of firearms and ammunition.

It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level. The debate essentially focuses on the balance between public safety and the scope of the Constitutional rights under the Second Amendment. As a Firm, we are investors, not statesmen or policy makers. Our role is to make investments on behalf of our clients who are comprised of the pension plans of firemen, teachers, policemen and other municipal workers and unions, endowments, and other institutions and individuals. It is not our role to take positions, or attempt to shape or influence the gun control policy debate. That is the job of our federal and state legislators.

Oh, Holy Shit! South Carolina’s new senator once backed aborted fetus monument...

This Guy is Fucking Nuts!! Where do they get these people?


Pro-life groups couldn’t be happier with South Carolina Gov. Nikki Haley (R) for appointing a man to the U.S. Senate who supported erecting a monument for aborted fetuses in the state’s capitol.

Pro-life groups on Monday cheered the appointment of Rep. Tim Scott (R-SC) to replace retiring South Carolina Sen. Jim DeMint (R), noting Scott had a 100 percent pro-life voting record with the National Right to Life Committee.

“At a point where our nation is hungry for leadership, Congressman Scott has demonstrated compassion and clarity on the abortion issue, never backing down when asked the tough questions,” Susan B. Anthony List President Marjorie Dannenfelser said. “He has made it clear that defending the most vulnerable is an indispensible first principle in his own political philosophy.”

Scott, an evangelical Christian, has long been an opponent of abortion. While serving as a South Carolina state representative, he co-sponsored legislation in 2009 to create a “monument on the statehouse grounds to remember all the aborted babies in” the state.

Raw Story (http://s.tt/1xdzj)

Wow, this Pic of Obama with Newton Kids that Lost Their Siblings....

Beautiful... Actually gives me a deep deep sense of Hope

President Obama in Newtown, with the siblings of those that lost their lives.

found on fb

AP sources: New Obama offer moves toward Boehner with $400,000 tax hike threshold


Awesomeness! 'He Had The Courage To Say No'

Love This... found on fb

Scarborough Questions Gun Stance: ‘Ideologies Of My Past Career’ No Longer ‘Relevant’

Looking forward to the Scarborough is an idiot comments.... I say 'no shit' to that.... I just wanted to add him to the list of influential conservatives that are changing their view points after what happened:

Joe Scarborough reflected on the school shooting in Newtown, Conn. on Monday with a monologue urging a search for answers. The MSNBC host said he stood by his libertarian beliefs — when it came to Hollywood and the First Amendment, and gun collectors and the Second Amendment — after past shootings. But after Newtown, “the ideologies of my past career,” he said, are “no longer relevant” to the future he wants and demands for his children.

Scarborough spoke of the “random acts of violence that seem to be getting less random by the day.” The violence we’ve seen “is being spawned by the toxic brew of a violent popular culture, a growing mental health crisis, and the proliferation of combat-styled weapons,” Scarborough detailed, noting the need to tackle each one of these causes, and bidding good luck to gun lobbyists and Hollywood lawyers.

“I am a conservative Republican who received the NRA’s highest ratings over four terms in Congress,” Scarborough said. “I come to you this morning with a heavy heart and no easy answers. Still, I’ve spent the past few days grasping for solutions and struggling for answers — while daring to question my own long-held belief on these subjects.”

Touching upon his “libertarian’s approach,” Scarborough urged action:



With all The Sadness Going Around... I thought you might like this (Best Surprise Ever!)

found on Being Liberal FB Page

Image: President Obama Holds The Granddaughter Of Sandy Hook's Slain Principal

found on buzzfeed

I'm taking a break, I can't deal with all this weird energy around all this gun talk...

I tried posting a few things that I thought would be welcomed on DU.... but the energy behind the responses was starting to weird me out.

I Don't like guns! I don't get along with those that love them, and I don't even come close to understanding why people do love them.

A friend of mine handed me his gun once for me to hold and I immediately wanted to put it down. There is a strange vibe that comes along with guns... they are more than just chunks of metal. They have a dark, dark history and they represent to me a violence that I am not comfortable with. I have no right trying to hold a conversation with anybody that has an obsession with guns... my responses are naive and uneducated.

I think I will take a break from DU for a while... at least until things start to calm down regarding the gun stuff -


update: Wow now over 170 thousand Signatures for WH Petition Resulting from the CT tragedy (link)


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