Guess Who's Buying Gun Companies?
Marlin Firearms is already closing its doors! They're doing it to us America!
Even if you do not own a gun you need to know this. This needs to be spread to all
gun owners and sportsman. We cannot rely on the media to inform us of these types
of matters.
SOMETHING YOU MAY NOT KNOW THAT IS HAPPENING ….
Who is buying companies, manufacturing guns ?????
For the last several years a company called The Freedom Group has been buying up gun
and ammunition manufacturers. Some of the companies are Bushmaster, Marlin,
Remington, DPMS, Dakota Arms and H&R. Some people worry that this Freedom Group is
going to control most of the firearms companies in the United States. If you
control the manufacturers you can decide to stop selling to civilians . What a
perfect way to control guns.
Now if you do some digging you will see that The Freedom Group is owned by a company
called Cerberus Capital Management.
Guess who controls Cerberus??? GEORGE SOROS !!!!!!!!! One of the most evil men on
this planet , who wants to restrict or ban all civilian guns. Please pass this on to
all your freedom loving friends. This needs to come out. Why have we not heard
about this in the "mainstream" media? I would think this would be BIG news .
(Soros also owns Progressive Insurance)
If you don't know who George Soros is, you need to do some research. He backed
Obama with millions of dollars and Obama is a puppet on a string controlled by Soros.
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http://en.wikipedia.org/wiki/Cerberus_Capital_Management#Founding.2FHistory
Firearms — Acquired Bushmaster Firearms, Inc., from Windham, Maine native Dick Dyke
for an undisclosed sum in April 2006, and purchased Remington Arms in April 2007.
Under Cerberus direction, Bushmaster Firearms acquired Cobb Manufacturing, a
well-respected manufacturer of large-caliber tactical rifles in August 2007. Cerberus
also acquired DPMS Panther Arms December 14, 2007.[56][57] Remington Arms acquired
Marlin Firearms in January 2008.[58][59] In October 2009, Remington Military products
acquired silencer manufacturer Advanced Armament Corporation.[60] These companies
were combined into the Freedom Group.
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Automotive — Peguform (acquired by Cerberus in 2004 and sold it to Polytec four
years later), GDX Automotive (owned by Cerberus until 2011), and Chrysler.
In 2007, Cerberus and about 100 other investors purchased an 80% stake in Chrysler
for $7.4 billion[34] seeking to bolster the auto maker’s performance by operating as
an independent company. In 2008, the plan collapsed due to an unprecedented slowdown
in the U.S. auto industry and a lack of capital.[35]
In response to questioning at a hearing before the House committee on December 5,
2008 by Rep. Ginny Brown-Waite, Chrysler President and CEO Robert Nardelli said that
Cerberus' fiduciary obligations to its other investors and investments prohibited it
from injecting capital.[35] "In order to achieve that goal Cerberus has advised the
U.S. Treasury that it would contribute its equity in Chrysler automotive to labor
and creditors as currency to facilitate the accommodations necessary to affect the
restructuring."[36]
On April 30, 2009, Chrysler declared bankruptcy protection and announced that GMAC
would become the financing source for new wholesale and retail Chrysler cars.[37]
On March 30, 2009, it was announced that Cerberus Capital Management would
voluntarily give up its equity stake in the Chrysler auto company as a condition of
the U.S. Treasury Department’s bailout deal, but would retain its stake in Chrysler’s
financing arm, Chrysler Financial. Cerberus agreed to provide $2 billion to backstop
a $4 billion December 2008 U.S. Treasury Department loan given to Chrysler. In
exchange for obtaining that loan, it promised many concessions including surrendering
equity, foregoing profits, and giving up board seats. U.S. Treasury and the Obama
administration recognized the “sacrifices by key stakeholders” in an effort to give
Chrysler the “opportunity to thrive as a long-term viable 21st century company.”[38]
Chrysler Financial, once the exclusive lending arm of the automaker, remained owned
by Cerberus until April 2011.[39]
Chrysler Financial initially refused to take $750 million in Troubled Asset Relief
Program (TARP) government bailout aid because executives didn't want to abide by
executive-pay limits, and because the firm doesn't necessarily need the money.[40] In
January 2009, Chrysler Financial was the recipient of $1.5 billion from the Troubled
Asset Relief Program. The company said that it used the money to fund 85,000 loans
to purchase Chrysler automobiles. Chrysler Financial repaid all of the TARP loan in July
2009 by raising funds from an asset-backed securitization through the Term
Asset-Backed Securities Loan Facility program.[41]
In December of 2010, Cerberus agreed to sell certain assets of Chrysler Financial to
TD Bank Group for $6.3 billion in cash, retaining approximately $1 billion in
Chrysler Financial assets.[42] This transaction, which closed in April 2011, allowed
Cerberus to recover virtually all of its investment in Chrysler.,[43][44]
I scanned this pretty fast, but where's the connection with Soros? He's not part of
Cerberus, right?
Matt-
http://wiki.answers.com/Q/Who_owns_Cerberus_Capital_Management
I guess Soros even has the NRA bamboozled:
NRA-ILA, Oct. 14: Recently, an old rumor regarding Cerberus–the private equity firm
that owns Freedom group, a holding company that in turn owns a number of firearms
manufacturers, including Remington, Marlin, Bushmaster, and DPMS–was in some way tied
to George Soros.
This rumor is completely false and baseless.
NRA has had contact with officials from Cerberus and Freedom Group for some time.
The owners and investors involved are strong supporters of the Second Amendment and
are avid hunters and shooters.
In reality, at no time has George Soros ever been a part of the ownership group of
Freedom Group or Cerberus, and as a privately traded corporation, there is no
possibility that he will be in the future.
This unsubstantiated rumor has caused a great deal of unnecessary concern for gun
owners. NRA-ILA urges our members to take great care before repeating baseless rumors
found on the Internet.
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Tell it to wikipedia. Anybody can do it. Why have the NRA not corrected wikipedia?
http://en.wikipedia.org/wiki/Remington_Arms
http://en.wikipedia.org/wiki/Cerberus_Capital_Management#Founding.2FHistory
"Remington is part of the Freedom Group, owned by Cerberus Capital Management."