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December 18, 2012

Why the Bushmaster sale is important — even if self-interested

shortformblog:

jizzed-in-your-pants says: Before we anoint these guys heroes, is it a huge harbinger? Or are they just simply doing what they do and selling high while they can as they know Bushmaster will come under a lot of heat for the tragedy. I smell spin here… they are taking the money and running away.

SFB says: A gun company just became an asset too toxic for an equity firm to touch, so they had to sell it to cut their losses. I don’t think anyone’s calling them heroes—rather, this is a sign that the controversy is so loud that it required a business response from the gun industry. That seems worthy of noting, because it’s so rare that a shooting has that kind of effect. — Ernie @ SFB

tanya77:

I stand by my idea of the relatives of the massacre victims of the past year suing the gun manufacturers. You’d see a lot more financial institutions dumping stock then as well as the gun lobby weakened.

I asked my boyfriend and his friend, both attorneys, about the idea of the families of victims suing gun manufacturers as families sued tobacco companies. They said it wouldn’t work, because gun companies have never lied about what their products do (death is not a secret side effect). They then spent an hour late on a Saturday night reading various court decisions relating to gun control laws, most notably Scalia’s decision in DC vs. Scalia (their commentary consisted mainly of swear words).

It really would need to be come from the executive and legislative branch, rather the judicial.

And it sounds like it will.

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