Gov't Attempting to Seize Smith & Wesson

**grandmaterkathy** · May 6th, 2009, 08:01 PM

http://jumpinginpools.blogspot.com/2...th-wesson.html

Gov't Attempting to Seize Smith & Wesson

Marie Llosander
4/29/2009

Seemingly in line with other corporate seizures, the United States government appears to be attempting to gain a majority stake in prominent firearms company Smith & Wesson.

Smith & Wesson, one of the oldest weapons companies in the United States, is currently on sound economic footing. However, a clause in the 2009 Stimulus Bill calls for the federal government to seize industries and companies that are essential to the economy or 'government function.'

The Treasury Department contacted the company in March 2009, asking to buy shares at $10 above market price. However, this offer was sharply rebuffed. Similar offers have been made to Remington.

After this rejection, the Treasury Department has declared that it will use mechanisms in the Stimulus Bill in order to override the corporate decision. Smith & Wesson's board of executives have also been informed that this decision by the Treasury Department could not be appealed to any superior court.

still investigating

**justsayno** · May 6th, 2009, 09:12 PM

First to post WTF

Did I mention WTF??

**Falcon118** · May 6th, 2009, 09:15 PM

Originally Posted by justsayno

First to post WTF

Did I mention WTF??

I think you did.. but just in case someone missed it......

WTF????!!!!

**oblivionboyj** · May 6th, 2009, 09:16 PM

You guys know this is satire, right?

**Yellowfin** · May 6th, 2009, 09:27 PM

That is SO not cool playing upon totally realistic fears like that. I'll read Stephen King when I want it.

**Dodahdude** · May 6th, 2009, 09:28 PM

Personally, if it's a joke, this ain't funny. This is all we need is some smart ass yelling, "Fire", in the theater. But if this is for real, WTF ! There are people all over looking for the flint to be struck. Now where did this come from ?