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Wednesday, April 24, 2013

GE Capital Cuts Off Lending To Gun Shops

General Electric Co. is quietly cutting off lending to gun shops, as the company rethinks its relationship to firearms amid the fallout from the school shooting in Newtown, Conn.

This month, Glenn Duncan, owner of Duncan’s Outdoor Store in Bay City, Mich., said he received a letter from GE Capital Retail Bank in which the lender said it had made “the difficult decision” to stop providing financing services to his store. Other gun dealers have received similar notices.

GE is at least the second big financial firm to retreat from the gun business following the school shootings, which claimed the lives of 20 first-graders and six adults in December.



Anonymous said...

Good for them! They'be got B---s to stand up for what's right!

Anonymous said...

Economic TERRORISM. No doubt induced by the Obama regime to furthur their radical totalitarian agenda.

Anonymous said...

They are probably just jealous that these days the gun shops have more money than the banks!

Anonymous said...

GE Capital is crap anyway!

lmclain said...

8:18....stand up for whats right??? I suppose you actually mean supporting people who think the Constitution is an elegant toilet paper. Who have lived lives of such abundance and wealth they no longer are concerned about little things like the law or the document that set our nation apart from the rest of the world. Gas prices? No problem for them. Stagant wages? When you have a yearly compensation of 20-70 million dollars, money ain't an issue. Crime? Not much in gated communities. Pulled over for driving while black and end up murdered? THAT never crosses their mind. Guns? They have OTHER PEOPLE carry them for them and they will shoot you for little to no reason. "Standing up for what's right" is going to need some clarification.