Yesterday, General Electric, who's loan division, GE Capital, admitted it had been financing a small number of purchases in the wake of the Newtown, Connecticut school shootings - despite its decision 5 years ago to avoid the practice.
Many of the conglomerate's employees live in or near Newtown, about 25 miles from GE's Fairfield, Connecticut, headquarters.
In fact, Peter Lanza, they reported, the father of the Newtown gunman, is a GE executive.
The company's GE Capital unit stopped providing consumer financing in 2008 at retailers whose primary business was firearms, except to less than 75 grandfathered businesses.
After Newtown, it stopped financing even those handful of stores, a GE spokesman announced yesterday.
After Newtown, GE Capital had a "rigorous audit process", and say they are attempting to distance itself from the GUN CULTURE.
1 comment:
Wow! That's a gutsy move. Now the NRA will try and throw them out of business. That's what those gun people do best, hurt others.
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