The shooting community was stunned by two Executive Orders from the Obama administration earlier this week.
One of the proclamations effectively closes a secret loophole commonly used by street thugs, gang members, and the Reverend Al Sharpton. Under current law, legally formed corporations and trust officers are able to purchase restricted firearms such as short-barreled shotguns, automatic rifles and sound suppressors. The new Executive Order mandates finger prints, background checks and local law enforcement approval of officers and trustees before these legal entities can apply for special permits from the Bureau of Alcohol, Tobacco, Firearms and Explosives. Although the process is cumbersome, federally controlled and takes 6 to 12 months to complete, administration officials are convinced that low lifes and gang bangers are taking advantage.
“Fo shizzle!” whined one Crips member who declined to be identified. “I was planning a couple of jackings for sometime next spring or summer. I figured I would need to be strapped for that, so I had my mouthpiece at the law firm of Rutherford, Collingsworth and Davenport drawing me up a Subchapter S Corporation. You need that to begin the application process for restricted firearms ya know. Obviously the benefits of limited financial liability of the partners and flexibility of taxable income distribution will benefit my fellow bangers too. Besides, the Bloods all use Limited Liability Corporations, so we didn’t want to go that route.”
Most gang members we spoke to were still in a state of shock, wondering how they were going to acquire restricted weapons now that the corporate and trust loophole is being closed. Many top 100 law firms are already planning for losses in billable revenue. “Losing thug life business is really going to hurt” moaned Commerce Winthorpe, Esquire, founding partner of the prestigious firm Winthorpe, Winthorpe and Fiddy Cent PeaceOut!, LLC. “We’re definitely going to have to cut back on complimentary mint juleps on Friday afternoons.”
Administration officials expect the measure to eliminate virtually all crime resulting from the loophole. “Today’s street thugs have gotten pretty sophisticated” explained an anonymous official. “They’ll plan a mugging 6-12 months in advance to allow time for setting up a corporation, completing the BATFE application, and waiting for agency approval to get a suppressed double deuce. The days of spontaneous jackings are long gone.”
While insiders won’t comment, many expect the next Executive Order will close the notorious non-profit museum loophole, believed to be the root cause of cannon, flintlock and gatling gun crime.