Buy this fake purse… Or else…

New York (CNN) — A shootout Thursday between a police officer and a street peddler in busy Times Square — crowded with holiday shoppers and tourists — left the suspect dead but no one else harmed, New York police said.

New York Police Department Deputy Commissioner Paul Browne said gunfire was exchanged after a police sergeant confronted two men who were selling goods on the street. The sergeant, a member of a task force on street peddlers, believed he recognized one of the men as using “aggressive” sales tactics and coercing tourists to buy unwanted items, Browne said.

One of the men fled, pulled a Mac-10 pistol and fired two shots at the officer, Browne said. A bullet shattered glass in the window of the box office of the Marquis Theater and the other bullet hit a nearby souvenir shop, Browne said. See iReport on shooting

The officer returned fire and hit the suspect, a 25-year-old man who was later pronounced dead at a hospital, Browne said.

Browne said the suspect’s gun jammed, with 27 rounds remaining in the weapon. See WABC report on the shooting

Police found a business card for a gun dealer on the victim, Browne said. On the back of the card was a handwritten note saying, “I feel sorry for a cop who thinks I’m getting into his paddy wagon.”

The gun was reported stolen from the Richmond, Virginia, area in October, Browne said.

Wow, just wow. Having been a resident of NYC and just been standing in the area of the shooting a few weeks back, I can’t help but to see this all play out in my head real time like I was there. So here are some observations…

1) So, street vendors can be arrested for “aggressive” sales tactics?

2) A friggin Mac-10! DAMN, this guy was fixin on some killin

3) Hmm Mac-10 Jamming? Damn lucky

4) Damn fine shooting on the part of the officer

5) Interesting this gun dealer card with the “You’ll never take me alive coppers!”

6) Ok, I am a New Yorker because NO street vendor is making me buy ANYTHING I don’t want.. Unless they pull a Mac-10 on me..

I have to say, out of all the time I lived in NYC, I never saw anything like this…