This is a hold up: Rahm Emanuel takes gun battle to banks
By Cheryl K. Chumley
The Washington Times
Friday, January 25, 2013
Mayor Rahm Emanuel is taking his gun control push to private banks and asking major lenders in Chicago to stop doing business with firearms manufacturers.
In a letter to TD Bank and Bank of America on Thursday, Mr. Emanuel asked the CEOs to force gun manufacturers they do business with to “find common ground with the vast majority of Americans who support a military weapons and ammunition ban.”
TD Bank provides $60 million in credit to Smith & Wesson; Bank of America provides a $25 million line to Sturm, Ruger & Co.
Mr. Emanuel can’t force the banks to comply, and so far, CEOs haven’t responded, the Boston Globe reports.