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GE Capital stops lending to gun shops: WSJ

By Jim Jelter

SAN FRANCISO (MarketWatch) -- General Electric Co' 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.


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This is what happens

when corporate psychopaths stick their fingers in the wind and try to figure out how to pretend to be morally normal. It's all an act and they'll either continue or change direction based on whether it seems like anyone's buying it. Changing direction just means hurting people in more clandestine ways so I'm not even sure what the benefit of providing them feedback to hone their act would be.

Defend Liberty!

bigmikedude's picture

I guess I'll have to buy Frigidaire, Whirlpool, or some other

brand appliances from now on.

Wonder who else makes light bulbs aside from GE. I never felt the need to have to pay attention to brands on light bulbs before.