Hillary Clinton continued her attack on what she deems to be greedy and abusive American corporations during this weekend’s Democratic presidential debate. When the topic of mass shootings came up, Clinton said that gun makers need to start carrying their share of the blame.
“No other industry in America has absolute immunity… and they sell products all the time that cause harm,” Clinton said of gun manufacturers. “You talk about corporate greed? The gun manufacturers sell guns to make as much money as they can make.”
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Although Clinton didn’t mention specific companies by name, the stocks of Sturm, Ruger & Company RGR and Smith & Wesson Holding Corp SWHC are both down more than 1.1 percent in Monday’s session.
Clinton hasn’t been shy about naming names when it comes to calling out companies for their behavior. In a recent campaign ad, Clinton specifically targets Valeant Pharmaceuticals Intl Inc VRX for alleged price gouging on its drugs. In addition, in her Super Tuesday speech, Clinton lashed out at Johnson Controls Inc JCI for its inversion deal to avoid paying U.S. taxes.
Clinton has also called for the breakup of the country’s largest banks, including Bank of America Corp BAC, Wells Fargo & Co WFC, JPMorgan Chase & Co JPM and Citigroup Inc. C.
Disclosure: the author is long Bank of America.
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