gun controlWelcome to the new Fascist Amerika where only those businesses aligning with the goals of our fascist overlords are allowed to succeed. As the WSJ has reports tonight, GE Capital has just cut off all funding to gun dealers across the US:

This month, Glenn Duncan, owner of Duncan’s Outdoor Store in Bay City, Mich., said he received a letter from GE Capital Retail Bank in which the lender said it had made “the difficult decision” to stop providing financing services to his store. Other gun dealers have received similar notices.

With the Senate failing to pass Obama’s signature gun control legislation this week, it appears that the banksters are taking the destruction of the 2nd amendment into their own hands.

As the WSJ reports:

General Electric Co. is quietly cutting off lending to gun shops, as the company rethinks its relationship to firearms amid the fallout from the school shooting in Newtown, Conn.

This month, Glenn Duncan, owner of Duncan’s Outdoor Store in Bay City, Mich., said he received a letter from GE Capital Retail Bank in which the lender said it had made “the difficult decision” to stop providing financing services to his store. Other gun dealers have received similar notices.

GE (NYSE:GE)   is at least the second big financial firm to retreat from the gun business following the school shootings, which claimed the lives of 20 first-graders and six adults in December.

 

 With gun and ammo sales continuing to shatter records, we suspect that the firearms industry will do just fine without GE’s capital.

  1. Of all the lenders I worked with in the last 20 plus years, GE Capital was and is about as worthless as a bucket of warm s***  Not once did GE provide financing for my clients.  Their corporate ethos is ultra leftist with Jeffrey I-Melt acting as the business friendly surrogate for the present seat warmer in the Oval office.  I would not more trust their financing arm than I would trust a child with a refugee from an Amber Alert.

    • Could we perhaps then get GE to finance some actions against Monsanto, the EU, and all powers that be about prohibiting natural DNA crops and only allowing genetically modified and standardized crops to be distributed in any way? That’s pretty leftist, right?
      Imagine, no genetic diversity in your food, just the same thing every time, enhanced to grow quicker and make you more hungry.

  2. Oh how nice, the financial arm of one of the biggest proponents and benefiters of the military industrial complex shows its true colors at last. Bombs for the big boys, shit for the serfs. Could it be they might just be a little afraid of the serfs?
    Welcome to fasco-communist AmeriKa. The joke is on us. Again.
     

    • Exactly.   GE makes the most weapons ….  They want an anti gun  image for ignorant Americans who don’t have the brains to see the war machine for what it is.

  3. Rep. Curtis Bowers (R) a state rep. for Idaho made this video… http://vimeo.com/63749370 
     
    It has no Glen Beck type B.S.  Straight forward facts about the U.S. government and how it has been changed by the Communist infiltration from within the U.S. govt.  Its an hour and a half long, but totally full of facts you have been searching for, knowing that they exist.  Watch 5 minutes of it and you will be hooked.  What is the lefts agenda?  Watch this and you will know, exactly.

    • CIT (Not Citibank or “Citi”) didn’t get a bailout and were forced to collapse… I haven’t followed them but I won’t if they’d pick up any former GE and Bank of America clients.  Maybe do it purely as a middle finger to the existing cartel.

    • “What kind of gun purchases require financing anyway ??”
       
      The kind where a gun store buys $50-100,000 or more worth.  Like any other business, gun stores have to pay for their merchandise up-front, with payment to them for their sales dribbling in later as the guns are sold.  To bridge the gap between buying inventory and receiving payment from gun buyers, either a lot of cash or a business loan is needed. Same thing for car dealers, albeit on a larger scale for more expensive products like cars.
       

    • GE is big in inventory financing as mentioned. But they also offer credit through a lot of the big stores like WalMart, Home Depot, etc. So don’t apply for a store card and shred any you have. Default on paying them if you really want to screw them

  4. Just O  The article was referring to the business  financing itself.
    I’ve worked with several sporting goods firms, gun and ammo business and shooting ranges. The GE funding is likely used for  accounts receivable, inventory, as well as long term assets like leasehold improvements, buildings and machinery. 
    The gun buyers almost never do time payments unless the use a credit card.  GE’s withdrawal from the firearms industry can hurt the mom and pop businesses but hopefully local banks will step in, take the business from GE and do well by their clients.

  5. it is a great day!!!!!!!!!! I just stopped payment on my ebay mastercard,walmart,chevrontexaco visa and my amazon!!!!!!!!!!!!!  yes that’s right all issued by ge capital!! bend over GE you are not even going to get kissed first. at least I bought some silver!! it is in asia in a nice hole on a hill!!  sincerely bucketburialsilvervigilante

  6. This s isn’t going to end folks, till we end it.  I just closed a $5200 credit line with GE and told them FU.  I will never buy another item from them and when the next taxpayer bailout is here, you better call your congressman or woman and tell them nothing for GE.  They took out money to save from going under and now they back a tyrant trying to strip of us of constitutional right.  FU Immlett!

  7. Fuck GE in their stupid Commie asses sideways with a pizza peel.    Those MFers are never gonna see a shekel from me.   They own TV stations.   That’s OK.   CANCELLED THE CABLE.   TV is for losers.   If I wanna see the big game I can watch it on internet or at a buddy’s house.    GE is into EVERYTHING so there are many many ways to boycott them.
    Fuck Jeffery Immelt.    GE has been DEAD MONEY for decades.   GE is dead.   Look at their balance sheet.  Horrid!   LOADED WITH DEBT.   Loaded with dubious financial assets that are not marked to market (yet!)   Bet they go to zero one day.    Let’s help them by never spending another Federal Reserve Shekel Note with them ever again.

  8. This is a perfect example of in your face fascism! I personally stopped buying anything GE years ago when the CEO of GE (Jeffrey Immelt) and the Barry regime started passing laws to shut down electric power plants that use coal. Except of course GEs. Competition is a sin to fascists.

    • Now, there is an item with some real SHTF value… eggs and chicken stew… plus, it eats bugs and fertilizes the garden.  :-)
       

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