Guns and hospitals may seem an unusual pairing in an investment portfolio, but not for Cerberus Capital Management.
The New York investment firm that controls the Steward Health Care System hospital chain in Boston also owns the company that makes the semiautomatic rifle that Adam Lanza used to kill 20 children and six adults at Sandy Hook Elementary School in Newtown, Conn., last Friday.
Comments
This story says it all! Great job of reporting.
The business of America is business, as they say, and the gun industry is very big business. There are more gun sellers in the USA than there are MacDonald's franchises. Within a ten mile radius of the Sandy Hook School, there are 36 registered gun sellers! The industry is way, way too integrated into American culture to change it significantly.
It shouldn't be a big surprise that a holding company would have in its portfolio both a healthcare company and a weapons manufacturing company. That's the absurdity of capitalism, if you will. Or, probably more realistically, that shows that most people don't see weapons as bad for society or for the economy.
You liberals never cease to amaze me! Put the onus evil criminals instead of stupid connections to gun owners or companies. It so much easier to put down law-abiding citizens and forget what the real problem is: liberal attitudes towards well deserved punishment for these malicious deviants who know there not going to get the death penalty and get us to pay for all their expenses!! All for the criminal and nothing for the victims Isn't justice just grand!!
Nicely done Casey and Beth.