Strangling the Second Amendment

Thomas Lifson
General Electric Capital, part of the crony capitalist clique backing the Obama regime, quietly is telling gun dealers that they will no longer provide financing. Joe Palazzolo and Kate Linebaugh of MarketWatch write: 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. GE is at least the second big financial firm to retreat from the gun business following the school shootings, which claimed the lives of 20 first-graders and six adults in December. Days after the killings, private-equity firm Cerberus Capital Management LP said it would try to sell the gun company it owns -- Freedom Group Inc. -- which makes brands including Remington, Bushmaster, Marlin and H&R. So without government outright obstructing or banning firearms, it is...(Read Full Post)

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