Cerberus Moves To Ditch The Freedom Group

The Wall Street Journal is reporting that Cerberus Capital Management plans to sell their firearms manufacturing arm in the wake of the Newtown tragedy. Their statement below says that they don’t want to be pulled into a national political debate concerning firearms.

Cerberus Capital Management Statement Regarding Freedom Group, Inc.


NEW YORK, Dec. 18, 2012 /PRNewswire/ — We were shocked and deeply
saddened by the events that took place at the Sandy Hook Elementary
School in Newtown, CT on December 14, 2012.  We cannot comprehend the
losses suffered by the families and friends of those killed by the
unthinkable crimes committed that day.  No words or actions can lessen
the enormity of this event or make a dent in the pain that was inflicted
on so many.


In 2006 affiliates of Cerberus Capital Management, L.P. made a
financial investment in Freedom Group.  Freedom Group does not sell
weapons or ammunition directly to consumers, through gun shows or
otherwise.  Sales are made only to federally licensed firearms dealers
and distributors in accordance with applicable laws and regulations.  We
do not believe that Freedom Group or any single company or individual
can prevent senseless violence or the illegal use or procurement of
firearms and ammunition. 


It is apparent that the Sandy Hook tragedy was a watershed event that
has raised the national debate on gun control to an unprecedented
level.  The debate essentially focuses on the balance between public
safety and the scope of the Constitutional rights under the Second
Amendment. As a Firm, we are investors, not statesmen or policy makers. 
Our role is to make investments on behalf of our clients who are
comprised of the pension plans of firemen, teachers, policemen and other
municipal workers and unions, endowments, and other institutions and
individuals.  It is not our role to take positions, or attempt to shape
or influence the gun control policy debate. That is the job of our
federal and state legislators.


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.

Our thoughts and prayers are with the families and communities impacted by this tragic and devastating event.

The Freedom Group which has been renamed Remington Outdoor Company, Inc. consists of Remington, Bushmaster, DPMS/Panther Arms, Remington Military, Remington LE, Parker Gunmakers, Barnes Bullets, Advanced Armament, Tapco, Dakota Arms, Marlin, Para-USA, H&R, Mountain Khakis, and Remington PMPD.

Among the upper management of Cerberus are such political figures as former VP Dan Quayle and former Treasury Secretary John Snow. Steve Feinberg, CEO of Cerberus, is reportedly an avid hunter and shooter. According to the Journal, Cerberus came under pressure from certain investors to sell the unit.

Cerberus’s statement comes shortly after it faced pressure Monday from
former New York Governor Eliot Spitzer as well as the California State
Teachers Retirement System, which said it is reviewing a $500 million
investment commitment to the New York-based private-equity firm.

 I find the move by Cerberus to sell Freedom Group aka Remington Outdoor Company much more disturbing than the nonsense coming from the gun prohibitionists and their politician allies. To me it seem a great harbinger of the difficulties that lie ahead for us with regards to gun rights. Investment capital companies such as Cerberus are known to make decisions on numbers and fact without dealing in emotion. They obviously feel that the business environment for them will be difficult in the days ahead due to political forces. The Freedom Group companies manufacture a lot of AR-15s and these are the focus of the gun prohibitionists.

For the firearms industry, this move by Cerberus may actually be beneficial. If the new owners of Remington Outdoor Company are not beholden to public employee/union pension funds and other institutional investors, it will be a good thing. The unity of the firearms industry in the face of the threat of legislation is paramount. They don’t need the management of one of the major players to go wobbly such as is evident in the response of Cerberus.

And Gun Control Would Have Prevented This How?

Perhaps the gun prohibitionists would care to explain this and how any new gun control laws would have kept these guns off the street.


Truck driver Elliot Perez and his accomplice Michael Murphy were indicted in US District Court in Bridgeport, CT for stealing 111 firearms from Smith and Wesson.

According to the indictment against them, on November 8, Perez had a scheduled delivery of guns to pick-up at Smith & Wesson in Springfield. He was supposed to pick up five boxes of firearms to bring back, but ended up taking an additional three. Driving back down to Connecticut, he allegedly stopped at his Bridgeport home and met with Murphy before bringing the truck to his company’s warehouse in Stratford, where he unloaded only the five that he was supposed to deliver.

The indictment charges that on November 15, Perez and Murphy sold one of the stolen guns to another individual. Five days later, when questioned by ATF special agents, Perez allegedly lied and said that a “black male” at Smith & Wesson had instructed him on which boxes he was supposed to load onto the truck, adding that he had dropped off all of the cases of guns at the company warehouse.

At the time of the two men’s arrests days later, Stratford Police had only been able to recover 28 of the stolen guns.

Charges include conspiracy, possession of stolen firearms, trafficking, and making false statements to a law enforcement officer.

Perez was not an employee of Smith and Wesson. He worked for a trucking company contracted to handle transportation services for S&W.

The Kirsten Gillibrand Of West By God Virginia

That was then:

This is now. From MSNBC’s Morning Joe:

“I’m a proud outdoors-man and huntsman, like many Americans, and I like
shooting, but this doesn’t make sense,” Manchin said. “I don’t know
anyone in the sporting and hunting arena who goes out with an assault
rifle; I don’t know anyone who needs 30 rounds in the clip to go
hunting.”

I think Joe Manchin needs to be reminded that the Second Amendment has nothing to do with either duck hunting or deer hunting. It has everything to do with being able to protect yourself and your family. That includes protecting yourself from state-sponsored violence and a tyrannic government.

Manchin said that after the fiscal cliff is resolved, this will be a high priority.

Newtown’s shooting “has changed the dialogue and it should move beyond dialogue, we need action.

With people like Joe Manchin who sways with the politically-expedient winds, is it any wonder that the country is in such trouble?

UPDATE: The West Virginia Citizens Defense League has scheduled a protest outside of Joe Manchin’s Charleston, WV office on Saturday, December 22nd. It is scheduled for 10am. The location is 300 Virginia Street East. See their Facebook page for more details.

H/T Sebastian

Comment Of The Day

It is no surprise that the gun prohibitionists and their politician allies have gone into a feeding frenzy after the murders in Connecticut. With a new session of Congress only weeks away, politicians are already announcing their plans for new draconian gun control laws egged on by the President who is calling for “meaningful action”.

The comment of the day comes from Frank James in response to a post by Tam on her View from the Porch blog.

I think up till now we’ve all been operating under condition ‘Orange’ and now it’s gone to ‘Red’.

When Congress reconvenes next year I look for the situation to go to condition ‘Black’. (No pun intended!)…

I think the good Colonel would approve of this use of his color code with regard to the intentions of the hoplophobes.

Ham Radio Communications Cheat Sheet

I came across this infographic on Pinterest this morning. It was developed by the folks at OffGridSurvival.com and gives the new amateur radio operator something of a cheat sheet.

I found it very useful as I have my Technician Class amateur radio license. While I really haven’t really pursued it that much, I got the license and radio so as to be prepared. While a Katrina or Sandy is unlikely in western North Carolina, we do lose power, we do have flood situations, we do get the remnants of hurricanes, and sometimes we do get blizzards. It is nice to have some means of communication in those situations beyond smoke signals and semaphore flags.

Quote Of The Day

The quote of the day comes from Say Uncle concerning all the laws broken by the madman in Connecticut. Given that all these laws didn’t stop him, why do some people think another law would have stopped him?

A 20 year-old had a couple of handguns (illegal). And, depending on the press report, had an assault weapon (illegal), automatic rifle (illegal), or machine gun (illegal). Shot his mom in the face (illegal). Stole his mom’s vehicle (illegal). Transported the gun in the vehicle (illegal) within 1,000 feet of a school (illegal). Carried it onto school property (illegal). Broke and entered (illegal). Carried a gun in a school (illegal). Discharged a firearm (illegal). Shot at people (illegal). Killed some people (illegal). Killed himself (not sure if illegal).

And I’m sure broke other laws I’m not aware of. But, you know, one more gun law ought to do it. Right?

Vile Opportunist(s)

On a day that should have been reserved for thought, reflection, and praying for the repose of the souls of those killed in that school in Connecticut, certain gun prohibitionists just couldn’t resist the temptation to call for more gun control. Never mind that gun control has never stopped any madman in a officially gun-free zone, the siren call proved too great for some of them.

In proof of the saying that money can’t buy class comes this statement from Mayor Bloomberg:

“With all the carnage from gun violence in our country, it’s still
almost impossible to believe that a mass shooting in a kindergarten
class could happen. It has come to that. Not even kindergarteners
learning their A,B,Cs are safe. We heard after Columbine that it was too
soon to talk about gun laws. We heard it after Virginia Tech. After
Tucson and Aurora and Oak Creek. And now we are hearing it again. For
every day we wait, 34 more people are murdered with guns. Today, many of
them were five-year olds. President Obama rightly sent his heartfelt
condolences to the families in Newtown. But the country needs him to
send a bill to Congress to fix this problem. Calling for ‘meaningful
action’ is not enough. We need immediate action. We have heard all the
rhetoric before. What we have not seen is leadership – not from the
White House and not from Congress. That must end today. This is a
national tragedy and it demands a national response. My deepest
sympathies are with the families of all those affected, and my
determination to stop this madness is stronger than ever.”

His erstwhile colleague in the Illegal Mayors, Boston’s Thomas Menino joined in the fray and included automatic weapons in his call for more gun control:

“As a parent and grandparent, I am overcome with both grief and outrage
by the tragedy in Newtown, Connecticut. This unspeakable act of violence
will forever imprint this day in our hearts and minds. My heart goes
out to the families impacted by this senseless tragedy and the many
others we have recently witnessed across the United States. As a Mayor
who has witnessed too many lives forever altered by gun violence, it is
my responsibility to fight for action. Today’s tragedy reminds us that
now is the time for action. Innocent children will now never attend a
prom, never play in a big game, never step foot on a college campus. Now
is the time for a national policy on guns that takes the loopholes out
of the laws, the automatic weapons out of our neighborhoods and the
tragedies like today out of our future.” 

Josh and Ladd were not to be outdone at the Coalition to Stop Gun Violence (sic):

THOUGHTS AND PRAYERS ARE NOT ENOUGH

Washington, DC—We can only imagine the scale of the human tragedy that has unfolded in Newtown, Connecticut as reports continue to emerge about the massacre committed at Sandy Hook Elementary School. There are many parents, brothers, sisters, husbands, wives, and others who will now never see their loved ones again, never again know the warmth of their presence, never see their potential realized over the course of their natural lives. While shockingly familiar, the nature of this tragedy has left those of us at the Coalition to Stop Gun Violence feeling shaken to our core, physically and spiritually sick that this could happen in a civilized society in a place of learning for children.

Our elected leaders, in the coming hours, will issue the typical platitudes to those who have seen their loved ones gunned down in cold blood, telling them, “Our thoughts and prayers with you.” Then, if the pattern holds, they will immediately retreat into silence and refuse to engage in any meaningful debate about America’s catastrophically flawed gun laws, which directly facilitate one gun massacre after the next.

To people of conscience, this should not be acceptable. After today’s horror, Americans must demand immediate action by our President and Congress to reform our gun laws. This must include legislation requiring background checks on all gun sales, strengthening those background checks (particularly in terms of mental health and substance abuse screening), and renewing the ban on military-style assault weapons and high-capacity ammunition magazines. We expect President Obama—as a man who has seen first-hand the devastation that gun violence inflicts on families and communities during his time as a volunteer in Chicago—to be a leader in this process and to speak out boldly and directly.

If we’ve reached a point where our children cannot attend school without fear of being gunned down by a homicidal maniac who has obtained easy access to firearms, then the freedom we cherish as citizens of the world’s greatest democracy is at risk of extinction.

More than a dozen children were massacred in a kindergarten classroom today. If elected officials cannot find their voices now and call for change—if NRA campaign contributions and threats continue to dictate their decision-making, taking priority over the preservation of life, liberty and the pursuit of happiness—what will it say about them?

Moreover, if we allow them to remain silent, what will it say about us?

Dan Gross of the Brady Campaign was more reserved on the surface though I have heard reports that fund-raising e-mails went out yesterday.


Like all Americans, our hearts are broken by this terrible tragedy. We send our thoughts and prayers to all those directly affected. Across the country, we will be giving extra strong hugs to our kids when they come home safely from school. But in the name of those who didn’t and in the name of the eight children and teens that die from guns every day in our nation, we cannot let it end there. We have to take terrible moments like this and use it as a catalyst to demand the sensible change in our nation that is too long overdue. We are better than this.

Please go to WeAreBetterThanThis.org and sign the letter of condolence to the families of the victims in Connecticut We all just want to live in a safer nation.

One wonders how soon after sending the “letter of condolence” will you be put on a mailing list for fund-raising purposes. I’d wage sooner than later.

The Violence Policy Center seems to have no official release on the matter. Nonetheless, on their links to the stories about the tragedy, they can’t resist noting that Newtown, CT is also home to the National Shooting Sports Foundation. How subtle.

LCAV or the Law Center to Prevent Gun Violence as they are now known had not one but two posts calling for more gun control.

It would be too much to expect that Rep. Carolyn McCarthy (D-NY) remain silent and I was right.

GARDEN CITY, NY – Rep. Carolyn McCarthy (D-NY4) issued the following statement on today’s school shooting in Newtown, Connecticut:

“Our hearts go out to the victims and families from this horrific tragedy, especially during the holidays when kids should be thinking about presents and having fun with their families and friends, not America’s deadly problem with gun violence.

“There are a lot of unanswered questions right now, but one thing is clear – there’s too much gun violence in our country. These shootings are becoming all too common, and it’s too easy for dangerous people to get the weapons that help them perform mass executions like today’s.

“Leaders in Washington from both parties, and groups like the NRA, all say that now is not the time to talk about how gun safety laws can save lives in America. I agree, now is not the time to talk about gun laws – the time for that conversation was long before all those kids in Connecticut died today.

“We owe it to our children to work harder to reduce gun violence. The Second Amendment is the law of the land but it was never intended to allow murderers to take the lives of innocent kids. It’s our moral obligation as policymakers and as parents to do more to save lives.

“I hope the President’s words about taking ‘meaningful action to prevent more tragedies like this regardless of the politics’ stay true as we continue down this road again.”

I’m sure there are more statements such as these but I can stand only so much. It goes without saying that there will be more calls for gun control and “meaningful action” in the coming days. The Newtown tragedy is, and I hate to say it, tailor-made for the gun prohibitionists’ purposes. It reads like something out of a Matthew Bracken novel in terms of its utility for more gun control legislation. We need to be prepared for it and get ready to act to stop any of this misguided legislation.

December 15th Is Bill Of Rights Day

December 15th is Bill of Rights Day. Given the sad and tragic events of the preceding day, I think it goes without saying that we need to be on guard to protect all of the Bill of Rights from “meaningful action”.  While I sincerely doubt that “meaningful action” would infringe upon the Third Amendment, I have no doubt that it would impact rights guaranteed by the 1st, 2nd, 4th, 5th, and 6th.

The Bill of Rights – Full Text

Amendment I

Congress shall make no law respecting an establishment of religion,
or prohibiting the free exercise thereof; or abridging the freedom of
speech, or of the press; or the right of the people peaceably to
assemble, and to petition the government for a redress of grievances.

Amendment II

A well regulated militia, being necessary to the security of a free
state, the right of the people to keep and bear arms, shall not be
infringed.

Amendment III

No soldier shall, in time of peace be quartered in any house, without
the consent of the owner, nor in time of war, but in a manner to be
prescribed by law.

Amendment IV

The right of the people to be secure in their persons, houses,
papers, and effects, against unreasonable searches and seizures, shall
not be violated, and no warrants shall issue, but upon probable cause,
supported by oath or affirmation, and particularly describing the place
to be searched, and the persons or things to be seized.

Amendment V

No person shall be held to answer for a capital, or otherwise
infamous crime, unless on a presentment or indictment of a grand jury,
except in cases arising in the land or naval forces, or in the militia,
when in actual service in time of war or public danger; nor shall any
person be subject for the same offense to be twice put in jeopardy of
life or limb; nor shall be compelled in any criminal case to be a
witness against himself, nor be deprived of life, liberty, or property,
without due process of law; nor shall private property be taken for
public use, without just compensation.

Amendment VI

In all criminal prosecutions, the accused shall enjoy the right to a
speedy and public trial, by an impartial jury of the state and district
wherein the crime shall have been committed, which district shall have
been previously ascertained by law, and to be informed of the nature and
cause of the accusation; to be confronted with the witnesses against
him; to have compulsory process for obtaining witnesses in his favor,
and to have the assistance of counsel for his defense.

Amendment VII

In suits at common law, where the value in controversy shall exceed
twenty dollars, the right of trial by jury shall be preserved, and no
fact tried by a jury, shall be otherwise reexamined in any court of the
United States, than according to the rules of the common law.

Amendment VIII

Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.

Amendment IX

The enumeration in the Constitution, of certain rights, shall not be
construed to deny or disparage others retained by the people.

Amendment X

The powers not delegated to the United States by the Constitution,
nor prohibited by it to the states, are reserved to the states
respectively, or to the people.

Lisa’s Dilemma

Poor little Lisa. She has to decide if she wants to be governor or to satisfy the Chicago Democrats who have been some her biggest supporters.

Lisa is, of course, Illinois Attorney General Lisa Madigan. She is also the eldest daughter of Michael Madigan who is Speaker of the Illinois House of Representatives.

The decision Lisa must make is whether or not to appeal the decision of the 7th Circuit Court of Appeals in the cases of Moore v. Madigan and Shepard v. Madigan to the United States Supreme Court. The court’s decision mandates some sort of concealed carry law in Illinois in 180 days.

An interesting article in today’s St. Louis Post-Dispatch puts it this way:


Now Madigan, a Chicago Democrat who is widely viewed as a governor-in-waiting, faces a dilemma that is unique to Illinois: If she sides with gun-control advocates and appeals the ruling to the U.S. Supreme Court, she could deepen her party’s north-south regional rift while losing support from pro-gun downstate Democrats.

But if she lets the ruling stand, she could inadvertently end up as the face of concealed carry in Illinois, tarnishing her shining image with her core base of anti-gun Chicago Democrats.

While Chicago Democrats tend to be uniformly in the gun prohibitionist camp, it is important to remember in Illinois that downstate Democrats tend to be pro-gun rights. The concealed carry law that fell just a few votes short last year in the Illinois General Assembly had substantial support from Democrats outside of Chicagoland.

Downstate Democrats such as St. Sen. Bill Haine (D-Alton) are urging Madigan to leave things stand as it will hurt Democrats if she appeals. A number of Illinois political scientists agree with Haine.

“This has been the most divisive issue between Chicago and downstate,” said state Sen. Bill Haine, D-Alton, a gun-rights advocate. He argues that it’s both in Madigan’s political interest and the state’s interest to let the ruling stand, which would mean Illinois would have to create a concealed carry law within 180 days.

“An appeal certainly doesn’t serve (Madigan’s) interests personally. Many people downstate would not understand,” Haine said. “They would conclude that this is just more Chicago politics.”

Chris Mooney, political scientist at the University of Illinois at Springfield, agrees.

“If she makes a federal case out of it, so to speak, there may be alienation of the Democratic Party downstate. That’s probably her biggest problem with pursuing this,” Mooney said. “The party made some progress downstate (in the last election). They want to be seen as more inclusive and not as ruling everything from Chicago.”

With an appeal, Madigan could also face the risk of a high-profile defeat in the nation’s highest court.

“Number one, you’re going to lose,” says John Jackson, political scientist at Southern Illinois University Carbondale. “There’s almost no chance the Supreme Court of the United States, as it’s currently composed, is going to overturn (the ruling).

“The smartest thing (for Madigan) to do,” he said, “is to leave it alone. There’s some voters in Chicago who might not like it … but I think they’re starting to realize they’ve lost the battle.”

Chicago Democrats such as House Majority Leader Barbara Flynn Currie (D-Chicago) and Gov. Pat Quinn are urging Madigan to appeal.

Madigan herself has stayed quiet on her plans saying she is just studying the decision.

Part of me hopes that Madigan does appeal. The other part of me wants to see shall-issue concealed carry in Illinois sooner than later. On Saturday I will be driving to St. Louis and will go through Illinois. My hope is that by next Christmas I won’t have to disarm when I cross the Ohio River at Paducah, Kentucky and enter Illinois. I guess I have a dilemma, too.