LOS ANGELES — Hours after President Obama called on Congress to pass tougher gun laws, Mayor Antonio Villaraigosa Wednesday issued a warning to companies that have a stake in the firearms industry.
The mayor wants to make sure city pensions are no longer invested in companies that deal with the sale or manufacturing of assault weapons.
“City of Los Angeles funds should not go to profit companies who produce weapons designed to maximize carnage and death. As I stated in my letter to the board members, it is a moral and financial imperative to end our relationship with these companies,” the mayor said.
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