General Electric halts financing to gun shops

[billh58]

General Electric discovered it was financing a small number of firearm purchases in the wake of the Newtown, Conn., school shootings - despite deciding five years ago to avoid the practice - and moved to stop future loans, the company said on Wednesday.

Many of the conglomerate's employees live in or near Newtown, about 25 miles from GE's Fairfield, Conn., headquarters. Peter Lanza, 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, spokesman Russell Wilkerson said Wednesday.

http://www.nbcnews.com/business/general-electric-halts-financing-gun-shops-6C9592611?gt1=43001

Change is happening, and we're gaining traction.

[Hoyt]

1. Good on GE.

[billh58]

2. More indications

that we are making progress further down in the same article:

"Cerberus Capital Management has decided to sell Freedom Group, maker of the Bushmaster rifle used in the Newtown massacre.

Banking sources have told Reuters that major Wall Street firms have been unwilling to finance a bid for Freedom Group, and Cerberus co-founder Stephen Feinberg may end up pursuing a private bid for the brand."

Things are larger than they appear in the NRA's (and the DU Gungeon's) mirror...

[JustAnotherGen]

3. kick and rec

That is awesome!