The father of Cerberus founder and CEO Stephen Feinberg is a resident of Newtown

[Tx4obama]

Bushmaster Group Owner Wants Out Of The Gun Business, Plans To Sell Company

Cerberus Capital Management announced this morning that it plans to sell Freedom Group, the firearms company that produced the .223 Bushmaster rifle used in the Newtown massacre last week.

The father of Cerberus founder and CEO Stephen Feinberg is a resident of Newtown, Connecticut, but it’s unclear whether that factored into the firm’s decision making process.

The firm’s statement expresses sadness and disbelief at the events that took place last week:

We were shocked and deeply saddened by the events that took place at the Sandy Hook Elementary School in Newtown, CT on December 14, 2012. We cannot comprehend the losses suffered by the families and friends of those killed by the unthinkable crimes committed that day. No words or actions can lessen the enormity of this event or make a dent in the pain that was inflicted on so many.

-snip-

Full article here: http://www.mediaite.com/online/bushmaster-group-owner-wants-out-of-the-gun-business-plans-to-sell-company/

[DollarBillHines]

1. Of course it's for sale, sales are through the roof

Cerberus will make a (ahem) killing. Profit is what they do. The idiots are lining up to buy Bushmasters and they will go crazy-buying if the firearm is banned - and trust me, there will be a future date on a ban.

Cerberus is capital management, you know.