I’ve hated GE for a long while. Well one of the biggest issues with GE is they are an overly large conglomerate that has their fingers in just about everything. Well one of their conglomerate parts is doing something to make me hate them even more.
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.
Here’s the really bad news, you can try really hard but I doubt you’ll be able to fully escape the reach of GE. That said, I’m going to try really hard, harder than I currently do.
If I could I would create my own financial institution specifically to fill the gap. In this horrible economy there has been one section doing well consistently. Seriously you would be daft to go bail on firearms or ammo manufacturers currently. If you’re looking out for your company or your investors, other than BS government regulations, what threat is there to your product and market, none.
Given the fact that the market is seeing a sustained peak of demand, manufactures can not keep up, and stock prices keep going up how would this be a smart economical move?
If you said it wasn’t you’d be right. The CEO of GE is a big Obama supporter and has received many favors for his support. Obama I think just called in a favor.
Barron is the owner, editor, and principal author at The Minuteman, a competitive shooter, and staff member for Boomershoot. Even in his free time he’s merging his love and knowledge of computers and technology with his love of firearms.
He has a BS in electrical engineering from Washington State University. Immediately after college he went into work on embedded software and hardware for use in critical infrastructure. This included cryptographic communications equipment as well as command and control devices that were using that communications equipment. Since then he’s worked on just about everything ranging from toys, phones, other critical infrastructure, and even desktop applications. Doing everything from hardware system design, to software architecture, to actually writing software that makes your athletic band do its thing.