Cutting Off Support for the Gun Industry
General Electric won't act as banker to gun stores any more, reported the Wall Street Journal yesterday.
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.
Meanwhile Cerberus is continuing with plans to sell its gun-making business, "which makes brands including Remington, Bushmaster, Marlin and H&R."