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Subject Topic: Bank trying to force Sturm Ruger to it’s Post ReplyPost New Topic
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Paul B.
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Posted: April 23 2018 at 11:35am | IP Logged Quote Paul B.

I got this off the Ruger forum this morning.
Paul B.

"This is alarming: From USA Today last Friday: "Amalgamated Bank, a
New York-bank with $48 billion in institutional investment assets that
emphasizes socially responsible practices, sent a letter Thursday to
Sturm, Ruger & Companyís board, demanding that it adopt six reforms
or it would not support the re-election of one of the gun makerís board
members, Sandra Froman, who is also an NRA board member."

www.captainsjournal.com/2018/04/22/amal ... -measures/

https://www.usatoday.com/story/money/20 ... 533650002/

IOW, they're telling Ruger to get rid of the NRA person on their board
of directors, to embrace such nonsense as smart guns, and are
basically attempting to dictate corporate policy to RGR. Read the
whole thing, to include Herschel Smith's observations."
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M700
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Posted: April 25 2018 at 7:59am | IP Logged Quote M700

Grrr...

I hope Ruger tells 'em to stick it.

Guy
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Old Ranger
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Posted: April 25 2018 at 8:08am | IP Logged Quote Old Ranger

A teacher's union withdrew a contract with Wells Fargo
bank over funding a gun maker. Then the 1 Billion fine
from the govt.?

Tell me this ain't a rigged deck?

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"I am not politically correct. I don't apologise for being American. I stand by my country and have no use for anyone who does not."

The Old Ranger
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Ham Gunner
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Posted: April 25 2018 at 1:24pm | IP Logged Quote Ham Gunner

Might be about time for constitution loving, flag waving, gun owners, and 2nd Amendment true Americans to start their own bank.

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73 de n0ubx Rick - NRA BENEFACTOR LIFE MEMBER/VFW LIFE MEMBER - A government big enough to GIVE you
everything you want, is strong enough to TAKE everything you have. - Thomas Jefferson

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Rex
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Location: ;Paxton, Ne.
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Posted: April 25 2018 at 1:32pm | IP Logged Quote Rex

Rick, there ain't enough change in my Piggy Bank to make it say "OINK".
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turbo1889
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Posted: April 25 2018 at 10:12pm | IP Logged Quote turbo1889

The borrower is slave to the lender, seem
to remember some old wise guy a long time
ago making that point rather clear.

I got no beef with Ruger but surely there
are some gun/ammo companies out there that
aren't in debt up to their eyeballs and
can continue operating without having the
money changers dictating terms to them.

If not then things could get a little
tight until auntreprenues can fill the gap
from the grass roots. The weed business
is an all cash business where banks are
forbidden from that market and the demand
still gets filled by auntreprenues
operating on a cash basis. If they clamp
down too hard on the 2nd amendment
business the same thing will happen
although it will take time and there will
be a dry spell. Thank goodness 3D
printing technology and high quality
reasonable cost machining equipment that
fits easily in a garage are coming along
just in time.

I'm not saying it's going to be a picnic
but ultimately all these kind of tactics
can do is spread out the business to a
much wider number of small cash run shops
that are a lot harder to track and control
then a few big companies.

__________________
What part of, "the right of the people to keep and bear arms, shall not be INFRINGED" don't you understand ?!?!?

To the most serious charge of "ARMING WOMEN" I plead guilty on multiple counts.
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JD45
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Posted: May 02 2018 at 7:27pm | IP Logged Quote JD45

The problem is that nearly all big business now are just ran by investors(huge ones) or groups of them. If executives run a company into the ground they almost always have a multi- million dollar golden parachute. The hourly slave labor and low management are screwed and get nothing.

Then they move to another company and do it again.

Look at Remington now. They bought so many gun companies. and trashed them all.

Gibson guitars is about to be forced into bankruptcy in July. That what happens when CEO's ignore the core experienced workforce.
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turbo1889
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Posted: May 02 2018 at 11:17pm | IP Logged Quote turbo1889

@JD45

Not a new issue, seem to remember some guy
who lived a couple thousand years ago
making a whip out of some cords and
driving "the money changers" out.

And as I said earlier a few thousand years
even further back some other wise guy a
king of a small but strategically central
nation if I remember correctly pointing
out that "the borrower is slave to the
lender".

The heart of man has not changed, this is
a very old story. I think a lot of these
anti-2nd-s should recall the historical
example of the Kyber Pass Gunsmiths. Yah,
that really worked out real well for the
red coats in the long run. They squashed
all gun sales to the natives so they just
started building their own guns and an
underground industry developed that
resulted in the long run of the exact
opposite of what the red coats wanted
happening and arguably being even worse.
Same thing has happened in the Philippines
over the last few decades right up to the
point to where today it's the "ghost gun"
capitol of the world.

__________________
What part of, "the right of the people to keep and bear arms, shall not be INFRINGED" don't you understand ?!?!?

To the most serious charge of "ARMING WOMEN" I plead guilty on multiple counts.
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