BREAKING: GE Capital Will Stop Lending to Gun Shops
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GE Capital, General Electric Company’s financial arm, announced to the Wall Street Journal they will stop lending to gun shops.
“Industry changes, new legislation and tragic events” led GE Capital to reexamine its policies on financing firearms, spokesman Russell Wilkerson told the Journal.
Strange that a publicly traded company would turn its back on an industry which is up almost 100% over a one year period.
I’m sure another lending firm will gladly step up to make sure gun shop owners have the capitol they need though.