General Electric stops lending to gun shops

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StrangeBird1911

New member
The Wall Street Journal reports that General Electric's finance division is cutting off gun shops. The article quotes a GE spokesman citing reasons for the change: "Industry changes, new legislation and tragic events."

If you have a choice for financing your business, keep in mind GE's attitude.
 
The hypocrisy soup is nice and thick. I don't hear a peep about them dissolving GE Intelligent Platforms. That's their "defense" outfit.
 
As of 2010, GE was the twelfth largest US defense contractor...

They just might be implicated in a few "tragic events" in other countries...
 
I really wonder about their motivation for this change; unless the general public is more knowledgeable about GE Capital's customers than I had thought. I just don't really see John Q Citizen looking for that sort of information and raising a stink about it. If the anti-freedom movement really wanted to shine a light on GE "aiding and abetting" the gun industry, I would imagine it would have made the Huffington Post by now.
 
I have my card around here someplace... isn't that the "store credit" for Bud's? If you do the "no interest if you pay in 3 months, etc?"

Bud's has had such terrible stocking problems I haven't bought anything from them in six months. Some kind of record for me. Now I'm curious if my line of credit with them is no good?!

Just went and found my card. Says GE Money on it. And Buds Gunshop on the bottom. I'll have to go check out their website.

Gregg
 
The article mentions that GE stopped accepting NEW customers whose primary business is firearms sales way back in 2008. Existing customers, such as Bud's, were grandfathered in. Now they have decided to cut their ties with those grandfathered customers as well.

Let GE go make their money somewhere else. Another lender, one with more respect for gun owner and gun store rights will surely step in to fill the void..............
 
Stupid corporate decisions create opportunities for everyone. When ebay banned guns and gun parts, Gunbroker was born. States with normal gun laws benefit when a State with a gun manufacturer gets "stupid" and passes anti-gun laws.
 
Stupid corporate decisions create opportunities for everyone. When ebay banned guns and gun parts, Gunbroker was born.
Click to expand...

Yes, and when Paypal would not process payments for guns Gunpal was born. :( Just remember for every opportunity there are several hucksters in line with everyone else.
 
Actually GE has four major divisions, one of them being Capital. The Divisions have very little to do with each other as far as operations go. They really are like four separate companies.
 
That may be difficult. They manufacture everything electric from lightbulbs to 13 different appliance brands. Just about every kind of imaging, metering, monitoring equipment at the hospital. Jet aircraft engines, locomotives, marine diesel engines. And you are reading this on your computer which is probably powered by a ge turbine be it nuclear, coal, wind or water seeing as their products provide over 1/4 of the worlds power. Hard to find a more diversified company.
 
Aren't they the same nice folks who got busted selling things to Iran against the rules, a few years back? ;)
 
GE can build missiles that kill tens of thousand of innocent civilians but it cannot contribute to arming to its own population?

Arm the rich and disarm the peasants?
 
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