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Re: I wonder how the Wingers are going to react to this development...

By: oldCADuser in FFFT | Recommend this post (3)
Thu, 25 Apr 13 3:35 AM | 37 view(s)
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Msg. 51800 of 65535
(This msg. is a reply to 51794 by oldCADuser)
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One rather interesting detail that was left out of the 'Marketwatch' item, which might have influenced the people at GE, and that is the father of the Sandy Hook shooter just happens to be an executive at GE Capital. And also of note, the corporate headquarters for GE Capital is located only about 35 miles from Newtown.

OCU

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The above is a reply to the following message:

I wonder how the Wingers are going to react to this development...
By: oldCADuser in FFFT
Thu, 25 Apr 13 2:57 AM

Msg. 51794 of 65535

GE Capital stops lending to gun shops: WSJ

April 24, 2013

SAN FRANCISO (MarketWatch) -- General Electric Co' (NYSE:GE) financial unit, GE Capital, is cutting off lending to guns shops, according to a report Wednesday in the Wall Street Journal that cited letters sent by the company to several gun shop owners. "Industry changes, new legislation and tragic events" led GE Capital to reexamine its policies on financing firearms, spokesman Russell Wilkerson told the Journal. The move follows the December massacre at the Sandy Hook elementary school in Newtown, Conn., in which 20 students and six adults died. GE Capital is the second financial firm to distance itself from the firearms industry. Cerberus Capital Management LP said shortly after the Newtown shootings it would try to sell its gun company Freedom Group Inc.

http://www.marketwatch.com/story/ge-capital-stops-lending-to-gun-shops-wsj-2013-04-24

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