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ge capitol cuts off loans to gun shops

Discussion in 'General Gun Discussions' started by Oklacoyotekiller, Apr 24, 2013.

  1. Oklacoyotekiller

    Oklacoyotekiller New Member

    I wont be buying any more ge products! LA times and cnn both have articles on ge stopping all loans to gun shops.
  2. Beentown

    Beentown New Member

    They have been doing this for a while. They hassled Buds. GE is one of the largest donors to BHO and the Gun Grabbing side of the isle.
  3. Oklacoyotekiller

    Oklacoyotekiller New Member

    Yeah 2008. But today they cut off all loans to small gun only shops. Still loaning to dicks
  4. InkEd

    InkEd New Member

    Not a surprise. Look at all the anti-2A crap on their TV channel (CBS).
  5. jmace57

    jmace57 New Member

    ..as in sporting goods..or just in general?;)
  6. mister_murphy

    mister_murphy New Member

    no problem to me. I have the right to pick and choose which companies I want to give my business to, just like they can choose a customer. I wont use them. Its your choice if you do.
  7. My suggestion is to write the Atty General of your state and request that GE Captial be banned from doing in your state. What GE is dping is "red lining" businesses. Red lining is discrimantion and illegal.

    GE also issues the CC for Sams Club. So if you have one I ask you to consider closing ypur account.
  8. MAKster

    MAKster Active Member

    GE Capital was providing credit to individual purchasers not the gun store. If you bought a gun from Buds you could take out a multi-year loan to finance your purchase. Not very financially wise in my opinion.
  9. Agsalaska

    Agsalaska New Member

    What they are doing is not redlining. That is 100% false.
  10. Yes it is. They are denying credit to people based upon a defined cultural, non financial characteristic. Its called discrimnation or "red lineing".
  11. browningguy

    browningguy Active Member

    Doesn't matter if it's redlining or not. They made their political choice and now they can live with it.

    We are currently remodeling our house, had a new roof installed this week and having the kitchen redone next month. I won't even consider any GE branded or manufactured appliance.
  12. Agsalaska

    Agsalaska New Member

    Sorry, but that is just not accurate. Redlining laws are designed to protect classes of people or businesses that serve people of a protected.class. Gun owners are not a protected class using the applied definition any more than a porn shop.
  13. Agsalaska

    Agsalaska New Member

    GE Capital probably had an internal battle somewhere in a risk management type department. They concluded that they were no longer safe investments. It was no more of a political statement other than possibly to appease political allies in Washington. In light of the current situation and the risks involved I can understand their position without necesarily agreeing with it. There are other industries and people out there that are most certaily safer long term bets.

    Try to see it from their point of view. Say they invest in a company, or in this case probably an individual, that gets caught funneling guns to Chicago gangs, or shoots up a pizza joint, or insert next story here. They would have the potential to be crucified publicly, putting them and their political allies on both sides of the isle at risk. GE is in business to make money, not take risks for political statements.
  14. danez71

    danez71 Active Member

    I dont know if it will make a difference or not but GE Capital is different than GE 'products'.

    One is a financial company and the other sells consumer products made in China :uhoh:
  15. A porn shop would become a First Amendment case.

    Yes it is red lineing.
  16. trailgator

    trailgator New Member

    Bravo Jmace!
  17. JohnBT

    JohnBT Active Member

    Gee, do you think it might be related to the fact that GE Capital is located in...

    General Electric Capital Corporation
    Company Information

    901 Main Ave.
    Norwalk , CT, 06851 United States
    (203) 840-6300
  18. dbb1776

    dbb1776 New Member

    They received billions in bailout money. Hmmm
  19. 45_auto

    45_auto Active Member

    You really ought to google the definition of redlining.
  20. JohnBT

    JohnBT Active Member

    "They received billions in bailout money"

    Nope, not true.

    "On the stimulus program, GE received grants of about $200 million out of the $800 billion in government spending. "

    "GE never received a bailout from the U.S. government, and did not participate in TARP."

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