After bad bets on cars and home loans, Cerberus Capital Management is turning to guns and bullets. [More]As an aside, good grief on that photo.
Again I have mixed feelings. On the one hand, an infusion of capital along with efficiencies of into the firearms industry can be a good thing. Assuming the procured companies aren't just going to be bled and discarded.
It would be nice to think those running a gun consortium would have motives that include a principled defense of the Second Amendment. We're told the Number Two guy ran for NRA Board and belongs to an upscale club, and the Number One guy hunts deer.
Then we see from Open Secrets that Cerberus donated money to the likes of Carl Levin, Barbara Mikulsi, Barney Frank, although they and CEO Feinberg also donate to the Repubs.
Typical politics, I guess. And typical cynicism about it from me.
[Via Mama Liberty]