Wall Street Buys Up Guns

Mystery company buying up U.S. gun manufacturers ... Some gun enthusiasts have claimed that the power behind the company is actually George Soros, the hedge-fund billionaire and liberal activist. Soros, these people have warned, is buying U.S. gun companies so he can dismantle the industry, Second Amendment be damned. The chatter grew so loud that the National Rifle Association issued a statement in October denying the rumors. "NRA has had contact with officials from Cerberus and Freedom Group for some time," the NRA assured its members. "The owners and investors involved are strong supporters of the Second Amendment and are avid hunters and shooters." Soros isn't behind the Freedom Group, but, ultimately, another financier is: Stephen Feinberg, the chief executive of Cerberus. Cerberus is part of one of the signature Wall Street businesses of the past decade: private equity. – New York Times

More