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U.S. gunmaker Remington files for bankruptcy

29 Comments
By Tom Hals

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29 Comments
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US guys at the office say it is not really guns per se that are the problem. American society is now very violent. They say that they will stay in Japan forever.

6 ( +20 / -14 )

Good hope they and other gun manufacturers go bankrupt and out of business too

10 ( +26 / -16 )

Good, I hope they all go bankrupt.

6 ( +21 / -15 )

Investors won't buy the debt and be tarred by the deaths.

Repeal the 2nd should be in sight once enough businesses remove themselves from the NRA death squad and gun manufacturers

Guns will reduce in a natural half life as their owners die off and the guns are destroyed. It'll just be a question of if that's fast enough. Hopefully not

The kids are coming for your guns. Time for gun owners to take off the blood on their hands

-2 ( +8 / -10 )

People in the US need to be able to bring product liability lawsuits directly against armaments and munitons companies, who are currently indemnified by an act of congress. If tobacco companies can be sued for a product that "when used as directed, causes death", then weapons manufacturers should have no special status.

8 ( +15 / -7 )

I hope the US learns from the Swiss. RESPONSIBLE gun ownership AND training!!! I have nothing against firearms for protection and sport to a reasonable extent.

14 ( +21 / -7 )

Cerberus Capital wasn't the only culprit in Remington's downfall; Blain Capital (Romney's company) was also a big player. As is typical of these wolves (the same led to the recent downfall of Toys 'R' Us), they take control of a company, leverage it to the hilt, and extract profits through stock buybacks and generous dividends. This might work ceteris paribus, but it leaves the company vulnerable to even a small downturn (though even a company in a steady market can go under if the wolves get too greedy).

Not that I'm crying for anyone in this case. Sadly, Remington's name is itself worth big bucks, so they'll be back making killing machines again in some form or another.

5 ( +11 / -6 )

They say that they will stay in Japan forever.

I don't blame them.

Good hope they and other gun manufacturers go bankrupt and out of business too

Amen.

-4 ( +9 / -13 )

 so they'll be back making killing machines again in some form or another.

With Chinese or Russian backers?

2 ( +7 / -5 )

Good!

-3 ( +4 / -7 )

Have humans become less responsible in recent years since these mass shootings started up?

If so, why?

If not, what other growing factors cause mass shootings? Guns alone surely cannot cause humanity to lose its sense responsibility?

I believe that guns should be tightly regulated, yes, but as part of an overall package. Guns themselves are simply the easiest and most convenient target to go for.

5 ( +8 / -3 )

I generally have no synthany for drug dealers or arms dealers.

1 ( +8 / -7 )

Good riddance. It's a shame they'll likely get the protection they seek, when the product they sell provides no protection at all, but is used to murder.

1 ( +8 / -7 )

Loved going hunting with my Remington over-and-under 12 gauge shotgun when I was growing up. Beautiful gun, was taught to clean and handle it properly.

4 ( +9 / -5 )

American society is now very violent. 

I recently returned to Japan from a trip to the USA. Met a guy working up north. His hometown is an hour from Mexico City. When I told him one of the reasons I live in Japan was personal safety he laughed and said that was the same reason why he lives in the USA. “Violent” is relative.

6 ( +7 / -1 )

nandakandamandaToday 03:42 pm JST

Have humans become less responsible in recent years since these mass shootings started up?

The problem is as gokai_wo_maneku said above, their society has become so violent, that combined with unbelievably easy access to killing machines means that once a person determines on a path of murder ( for what ever reason) there is virtually nothing to stop them. Removal of the easy access is the simplest and most rational way to reduce the mayhem but is only the beginning, next comes the much harder job of curing a broken society and changing deeply ingrained cultural norms.

Good luck with that!

1 ( +5 / -4 )

Well worth repeating:

 Removal of the easy access is the simplest and most rational way to reduce the mayhem but is only the beginning, next comes the much harder job of curing a broken society and changing deeply ingrained cultural norms.

-1 ( +4 / -5 )

Remington may come back from Bankruptcy protection.... though they're only one of many in the US:

http://www.americanfirearms.org/manufacturers/

Perhaps the State should impose a 1,000,000% Tax upon Guns and Ammo ? Since in the shooting event, someone has to pay for the damage, police, hospital etc.

0 ( +5 / -5 )

It's capitalism in'nit.

-1 ( +2 / -3 )

NRA is losing income source gradually. Gun owners in USA seem. to be. careless. Often there are reports of child who. shot his sister. Then cops shooting unarmed black Teen.

1 ( +4 / -3 )

Sure; blame EVERYONE but the person doing the killing. The gun manufactures, the bullet manufactures, hay, why not the Primer and the Gun Powder manufactures ? Don't forget about the NRA.

Suffice to say, that if you have Police, ON SCENE of a shooting, and they do NOTHING, and THEY are ARMED..well, yes; something is definitely WRONG with American "Society" , for sure.

But by NO means, should you hold the actual person doing the killing responsible. That wouldn't fit " Our "

political agenda.

1 ( +6 / -5 )

Time for gun owners to take off the blood on their hands

I've never killed anyone with the guns I own, so I don't have any blood to wash off.

I normally hate these analogies but they are appropriate in this case. It's the same as saying car owners, baseball bat owners and knife owners have blood on their hands because of the people who have killed with those items. It's simply not true.

My guns stay locked up. I'm all for requiring gun owners to be responsible. I don't have a problem with stronger background checks. But I've had enough of the 'you've got blood on your hands' rhetoric simply because I own an inanimate object.

-1 ( +4 / -5 )

Repeal the 2nd

will never happen. any attempt will eventually invoke another civil war in that country.

3 ( +4 / -1 )

 unbelievably easy access to killing machines

I am a US citizen living in the United States, if I want to buy a gun in my home state I need to do the following:

1) Apply for and be granted permit to acquire.

All permit applications are processed by the office of the local Chief of Police.

All applicants must undergo background checks by the Federal authorities (FBI), state law enforcement, State mental health agencies as well as the state department of health.

All applicants must provide proof of the successful completion of a state certified firearm and hunter safety program (for the purchase of a long gun) or a state certified handgun safety course (for the purchase of a handgun). A separate permit to acquire is required for each handgun purchase.

All applicants must be at least 21 years old. (long gun or handgun)

A permit to acquire is required for all firearm transactions including private transference of ownership. If an authorised gun owner wishes to give a firearm to another person that person must apply for and be issued their own permit to acquire and the person giving the firearm is required to notify the office of the Chief within 48 hrs. with all pertinent information on the firearm and the individual the firearm was given to. Failure to do so will result in the seizure of the firearm and possible criminal charges.

All successful applicants are required to wait for a minimum of 14 days before the permit is issued. In the case of handguns the permit is valid for 10 days from the date of issuance and if the transaction is not completed within that time frame the process must be repeated. Permits for long guns are valid for one year.

All unsuccessful applicants will have the pertinent information relating to their disqualification officially forwarded, by the office of the Chief, to local, state and federal agencies and have this information entered into the national instant criminal background check database.

Any unsuccessful applicant who wishes to appeal the disqualification or wishes to have their status amended must do so through the courts at their own expense.

2) If my application for a permit is granted, and I complete the transaction, I then have 5 days to register the firearm, in person, at the local police station. All firearms purchased in the state or brought into the state from elsewhere must be registered within 5 days of acquisition.

The state has extensive regulations on the storage and transporting of firearms. All regulations pertaining to firearms also include ammunition. Any gun owner found in violation of any of these regulations may be subject to arrest, the seizure of their property and forfeiture of their right to possess.

From my perspective, there is nothing "unbelievably easy" about it. In fact, the state laws around here are so strict that as private citizens a sizable number of local police officers would be disqualified from owning a firearm of any kind. The state needed to amend their policies so that their own police could be allowed to be armed.

1 ( +5 / -4 )

@kuya: The same in the state I live. Thanks for writing.

2 ( +4 / -2 )

@Kuya

Thank you for taking the time to write that out. Goes to show that it's not as cut and dried as people think.

0 ( +4 / -4 )

expat - People in the US need to be able to bring product liability lawsuits directly against armaments and munitons companies, who are currently indemnified by an act of congress. If tobacco companies can be sued for a product that "when used as directed, causes death", then weapons manufacturers should have no special status.

I don't know why this article doesn't make it clear that Remington has been sued under product liability issues. And lost. That is why Remington is filing for Chapter 11 bankruptcy.

This article says, "The filing comes after a Feb. 14 shooting at a Parkland, Florida high school". They might just have said that the filing came after Bill Clinton's impeachment, or after the death of President George Washington. While technically accurate, none of these events are directly related to Remington's bankruptcy.

-1 ( +2 / -3 )

@Kuya

You don't say which State you are living in and in other States the restrictions to obtaining a gun are much less than those stated in your comment.

Guns can easily be bought at gun shows, online and private sales.

-2 ( +2 / -4 )

Guns can easily be bought at gun shows, online and private sales.

There's a lot of misconceptions about these 'loopholes'. Such as that people don't realize that all existing gun laws still apply to gun shows. Gun dealers must still do background checks. Private sales don't, but some states (like Washington where I am) even require private sales to have them. But its no different than buying one outside of a gun show, the only real difference is the sellers are gathered in one place. Yes, this makes it easier to find a gun to buy, but it is no easier to actually purchase one at a gun show than it is anywhere else.

There really is no such thing as a 'gun show loophole'. You still have to do the exact same things you would buying a gun anywhere else.

In fact, for years, most larger gun shows have required 'memberships' that included a background check in order to purchase a firearm at their shows as well. The WAC gun shows, pretty much the largest in Washington State, have required this as long as I can remember. Of course this is not done at all gun shows, but I certainly think it is a good idea.

Online sales require the weapon to be transferred to a licensed dealer in the state it is being sent to, where a background check is still done before they will give it to you. It is treated as a gun sale, the same as if you bought it at that store. You can't just order a gun online and have it mailed to your house. That is against federal law. https://gun.laws.com/purchasing-guns/online-purchasing

1 ( +2 / -1 )

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