Teachers Union Owns 6% of Bushmaster
Oh, the irony. Bushmaster is publicly traded stock via its parent company Freedom Group. One of the majority stockholders are the California State Teachers’ Retirement System, the pension program for California teacher unions.
From CNN here:
Do you know who owns more than a 6% stake in the maker of .223 Bushmaster rifles, like the one used last Friday to murder 20 first graders and seven adults in Newtown, Connecticut? California public schoolteachers.
The company in question is Freedom Group, a privately-held firearms conglomerate formed by private equity and hedge fund group Cerberus Capital Management. Cerberus created the platform in April 2006 via the acquisition of Bushmaster, after which it added another 10 makers of firearms, ammunition and accessories (including Remington, Marlin Arms and Barnes Bullets).
The California State Teachers’ Retirement System (CalSTRS) committed to invest a whopping $500 million into a $7.5 billion Cerberus fund that has helped bankroll Freedom Group. That means that it effectively could own a 6.67% stake in the gun maker.
There are all kinds of hysterics still going on over the Sandy Hook Massacre. Calls to defund gun manufacturers by frothing liberals are ridiculous, and it wouldn’t solve anything. But I do enjoy the poke in the eye liberals feel knowing that teacher pensions are invested in the company.
It’s CRAZY THEY NEED TO DELVE INTO… Not assault rifles or large clips of ammo… A lunatic will always find a way. Ask Andrew Kehoe. Well. He’s dead, but you know what I mean…
http://en.m.wikipedia.org/wiki/Andrew_Kehoe
Or, how about… Asking the residents of Cologne if it’s the guns…
http://en.m.wikipedia.org/wiki/Cologne_school_massacre
Or maybe we should ask Assistant Principal Joel Myrick what he thinks might’ve happened if he failed to get his .45?
http://lubbockonline.com/news/101297/LA0540.htm. Interestingly, the part regarding the .45 he used to detain Luke Woodham is missing from the wiki article and I’m pretty sure it was there yesterday…
It’s crazy. Hands down. We need to find a fair and balanced way to protect children from the loonies…
Rocks… Knives, guns… A homemade mace, lance and flame thrower… And this has most
Likely been going on world wide since the first teacher held the first class. Maybe the truth is that Socrates failed a crazy student who ultimately did him in…
http://en.m.wikipedia.org/wiki/List_of_attacks_related_to_secondary_schools#section_1