GE Capital Cuts Off Lending to Gun Stores Citing Sandy Hook
General Electric's financial wing, GE Capital, is "quietly" cutting ties with gun stores. The financial group is sending notices to gun stores letting them know ties are being severed and funds will no longer be available for lending.
GE Capital says this action is in response to the Sandy Hook Elementary shooting.
Interestingly, the father of Sandy Hook shooter Adam Lanza is Peter Lanza, an executive at GE Capital.
Additionally, GE did take stimulus money during Obama's first term; no one has addressed whether that bailout has impacted the financial group's decisions in any way.
GE Capital is only ending business relations with companies that carry firearms exclusively but will continue to work with retail giants that sell products other than guns, like Wal-Mart and Dick's Sporting Goods.
Conveniently, this stipulation allows GE Capital to maintain business relations with Wal-Mart, despite the retailer being "the nation's largest seller of guns and ammunition."