There are, however, actions that we as a firm can take. Accordingly, we have determined to immediately engage in a formal process to sell our investment in Freedom Group. We will retain a financial advisor to design and execute a process to sell our interests in Freedom Group, and we will then return that capital to our investors. We believe that this decision allows us to meet our obligations to the investors whose interests we are entrusted to protect without being drawn into the national debate that is more properly pursued by those with the formal charter and public responsibility to do so. [Cerberus Capital Management Statement Regarding Freedom Group, Inc.]
CNN IS reporting that Dick’s Sporting Goods is also joining in after the shock to our national system that occurred with the slaughter of 20 children, along with the adults who also lost their lives at Sandy Hook.
Dick’s Sporting Goods, one of the largest sporting goods retailers in the world, says it has removed all guns from its store nearest to Newtown, Connecticut, and is suspending the sale of certain kinds of semi-automatic rifles from its chains nationwide.
… A search of Dick’s Sporting Goods website early Tuesday morning showed a blank page for “modern sporting rifles.”
Cerberus Capital Management selling its investment in Freedom Group, a gunmaker, is all good news.
However, what is Walmart willing to do?
Vice President Joe Biden will lead a group in the Administration tasked by President Obama to craft legislation meant to curb “gun violence.”
But will conservatives in both parties really stand up to the N.R.A. and its powerful funding forces? What legislation will result in the aftermath.
Without mandatory background checks, including at gun shows, that are collected in a national database, as well as more stringent guidelines on why someone can get a concealed carry permit, our politicians are just nibbling around the edges.