STATEMENT BY HUD SECRETARY ANDREW CUOMO ON ACTION BY GUN MAKERS ON THE ISSUE OF GUN SAFETY
Housing and Urban Development Secretary Andrew Cuomo today issued the following statement in response to news reports that gun manufacturers will no longer negotiate with the Clinton Administration and cities to reach a gun safety agreement like the one reached with Smith & Wesson. The news reports said the gunmakers will await the outcome of the November election in hopes that Governor George W. Bush will be elected President and be more sympathetic to their views. Secretary Cuomo said:
Comptroller Thomas DiNapoli said today that the state’s $150 billion pension fund, one of the largest in the country, would review its holdings in gun manufacturers in the wake of the mass shootings in Newtown, Conn.
DiNapoli stopped short of saying the pension fund would divest its investments in gun companies, but he said the fund’s holdings are being accessed.
“In the wake of the Newtown shootings, we are accessing our holdings in gun manufacturers,” DiNapoli told reporters this morning. “That continues to be a review that’s ongoing.”
DiNapoli, the sole trustee of the state’s pension fund, said it’s unclear how much money the state has invested in gun manufacturers, estimating it could “tens of millions of dollars.” He said it’s mainly investments through index funds.
Thursday, January 10, 2013
Posted by Kliph at 3:00 PM