Cerebrus capital, which owns the company that enabled the most recent predictably tragic consequence of military-grade weapons sales to the public, will sell Freedom Group. NYT:
The private equity firm Cerberus Capital Management said on Tuesday that it would sell its investment in the gunmaker Freedom Group in response to the school shootings last week in Connecticut.
Cerberus acquired Bushmaster — the manufacturer of the rifle used by the gunman in the Newtown attacks that killed 27 people, including 20 schoolchildren — in 2006.
There will be more massacres like Friday’s, as sure as shooting, until these weapons are no longer owned by the public. A consequence of the former will be ever-greater activism against gun manufacturers. A consequence of the latter will be reduced sales. Both are bad for business. Smart move: Cerebrus.
The larger point, however, is that the preventable massacre of 20 children and their teachers has changed the terms of the gun debate. Before it was civil libertarian gun owners versus authoritarian regulators. Now it is enablers of child murder against everyone else. Newtown’s atrocity was committed with military weaponry that should not be allowed in the general population.