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Thursday, April 25, 2013

General Electric cuts of loans to Gun Shops: Was there Obama administration influence?

Posted on 9:01 AM by john
Given how closely General Electric is linked to the Obama administration and the massive government subsidies that it receives, why doesn't anyone in the media try figuring out if their refusal to give loans to gun companies is related to GE trying to please to the Obama administration.
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. . . .
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