GE Capital Cuts Off Lending to Gun Shops

[huntrights]

GE Capital Cuts Off Lending to Gun Shops

http://news.yahoo.com/financial-gun-control-ge-capital-quietly-cuts-off-203631904--finance.html

This maneuver by GE Capital is very prejudiced (anti-gun).

[csaaphill]

seen that earlier on a diff site that sucks big time.

[huntrights]

Perhaps a boycott is in order.  In my opinion, the quality of their products has been going downhill anyway.

[Heredoggydoggy]

I've used quite a few GE appliances over the years.  Never will again!  Not even a light bulb...

[nocklehead]

GE also is working hard to spy on you through new smart appliances...along with paying zero taxes as well!!

http://www.slate.com/blogs/future_tense/2012/03/19/smart_appliances_could_help_cia_spy_says_petraeus_.html

CIA To Spy On You Through TV, Appliances

http://www.whiteoutpress.com/articles/q12012/feds-spying-on-you-through-your-appliances512/

[JJD]

Are GE Capital and the maker of GE appliances the same company?

[huntrights]

Same Corporation, different division.

Apparently they have different CEO's for the different business entities. It's all under the GE umbrella though which has corporate CEO Jeff Immelt.

http://www.gecapital.com/en/

http://www.usatoday.com/story/money/business/2013/04/24/ge-capital-gun-shops/2110435/

http://www.nytimes.com/2013/04/25/business/ge-capital-cuts-off-lending-for-gun-shop-purchases.html

They may be thinking of spinng off their GE Capital profit center, but it is part of them now.
http://blogs.barrons.com/stockstowatchtoday/2013/03/21/parsing-ge-capital-spinoff-comment-from-immelt/

[JJD]

Another corp to cross off the list of those I do business with.