Discussion in 'Bill of Rights' started by NotSoSneaky, Apr 24, 2013.
Source: WSJ / Market watch:
Control the funding, control availability. The death of a thousand cuts.
With retail prices today, financing really isn't needed. Peeps are putting down enough money to order the guns (and ammo) and if the buyer backs out, there are still customers in line willing to pickup the order.
I might be displaying my ignorance here but would this not affect a mortgage on a building housing gunstore ?
Ge Capital is a lender for many things, not the least of which is for inventory control in many retail deals. Zample: LGS has bills coming due, but has no cash, just promissory notes (say like credit card sales that haven't been paid by the banks.) He borrows from GE (and/or others) to pay the bills, then repays the bank upon receipt of the note payments.
While not effecting mortgages it may effect the ability to make large purchases to increase inventory.
Just do use them as a consumer... that will hit their pocketbook...
There are other lenders who are not so inclined to "punish" gun owners.
GE usually only deal with large firms...Most of the Gun OEMs can get financing from Regional Banks, with the Backlogs that they now have...
And there have been numerous regional banks stepping up to fill the void. Last year, Bank of America (BofA) did the same thing as GE capital to several gun stores and smaller banks publicly stepped up to take the business. Didn't work out like BofA wanted.
Looks like they only want the military for profits, us mere peasants are not good enough for them.
Why Is GE Exempt From Government-Ordered Pay Cuts?
You pay his salary, suckers
Since the government is now deciding who gets paid what at companies that received bailouts, it begs the questions: Why are employees of General Electric, owner of MSNBC, Obama's favorite network, exempt from these pay cuts?
Oh, they have a loophole as noted in this item from a few months back? How convenient.
General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks.At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.The company did not initially qualify for the program, under which the government sought to unfreeze credit markets by guaranteeing debt sold by banking firms. But regulators soon loosened the eligibility requirements, in part because of behind-the-scenes appeals from GE.As a result, GE has joined major banks collectively saving billions of dollars by raising money for their operations at lower interest rates. Public records show that GE Capital, the company's massive financing arm, has issued nearly a quarter of the $340 billion in debt backed by the program, which is known as the Temporary Liquidity Guarantee Program, or TLGP. The government's actions have been "powerful and helpful" to the company, GE chief executive Jeffrey Immelt acknowledged in December.Unlike other major lenders participating in the debt guarantee program, including Bank of America, Citigroup and J.P. Morgan Chase, GE has never been subject to the Fed's stress tests or its rules for limiting risk. Also unlike firms that have received bailout money in the Troubled Assets Relief Program, or TARP, GE is not subject to restrictions such as limits on executive compensation.The debt guarantee program that GE joined is administered by the Federal Deposit Insurance Corp., which was reluctant to take on the new mission, according to current and former officials who were not authorized to speak publicly. The FDIC also initially resisted expanding the pool of eligible companies, fearing it would add more risk to the program, the officials said.So we now have the government targeting executives at these bailed-out banks, but GE, home of the network that shamelessly propagandizes for Obama and the Democrats, and even receives talking points from them while on the air, is exempt.
Their high-profile, low-rated babblehead Keith Olbermann reportedly is paid a ridiculous $7 million annually. According to King Obama's new pay structure, he'd be whacked down to $350,000. That seems fair to me, although he'd still be overpaid based on his ratings. One imagines his grossly-inflated paycheck must be one of the highest at GE.
C'mon, Olby, man up and volunteer to return your fair share to the people. Who knows, maybe Obama will have you over for secret briefings more often as a reward.
Naturally, Obama again appears in an "exclusive" on his favorite network and pretends his War on Fox News isn't causing him to lose sleep.
What's the word I'm looking for.....
CORRUPTION, nothing like paying those pals of yours who helped you out.
The corruption on both sides of the fence (Republican and Democrats) has been out of control for so long,
D.C. is in dire need of a good flushing
Around here, Layaways are a thing of the past, for now anyway, for a gun purchases. I say this to point out that cash is now king and any store that has a AR for sell gets the dough and then reinvest instantly. Don't ask how I know!
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