GE Capital Cuts Off Lending to Gun Stores Citing Sandy Hook

[RugersGR8]

http://www.ammoland.com/2013/04/ge-capital-cuts-off-lending-to-gun-stores-citing-sandy-hook/#axzz2RPtb74hu
GE Capital Cuts Off Lending to Gun Stores Citing Sandy Hook
Published on Wednesday, April 24, 2013


"GE Capital is only ending business relations with companies that carry firearms exclusively but will continue to work with retail giants that sell products other than guns, like Wal-Mart and Dick’s Sporting Goods.

Conveniently, this stipulation allows GE Capital to maintain business relations with Wal-Mart, despite the retailer being “the nation’s largest seller of guns and ammunition.”"

 

[Danny Tanner]

I thought GE Capital already did this? Buds stopped using them before Sandy Hook, I thought, because of the Aurora theater shootings.

Either way, good riddance, GE.

 

[andrsnsm]

GE sucks. Happy to do business with Iran but not gun stores?

 

[Wheel Gun]

There's an unholy alliance between GE and the White House. They scratch each other's backs for fun and profits.

 

[Spata]

sounds like a smart financial decision... remove yourself from an industry that is booming.

 

[tran]

There's an unholy alliance between GE and the White House. They scratch each other's backs for fun and profits.

You are correct. GE is one of this Country’s largest Companies and don’t pay any Taxes. How convenient! This just gives me another reason to pass on anything with the GE label

 

[SoonerBorn]

You are correct. GE is one of this Country’s largest Companies and don’t pay any Taxes. How convenient! This just gives me another reason to pass on anything with the GE label

No corporation pays taxes; the consumer pays the taxes.

 

[Old Fart]

"GE Capital is only ending business relations with companies that carry firearms exclusively..."

I don't know too many that only sell guns.

 

[Arin Morris]

If I recall, GE is also pushing the common core agenda as well.

 

[ripnbst]

I'm sure there are other banks who would gladly pick up these companies that are no doubt financially healthy in this climate.