Did Mitt Romney Avoid Investments in Gun Companies?


I just saw a segment on MSNBC with Time’s Michael Crowley, who said that although Mitt Romney generally didn’t care much about the moral consequences of his investments at Bain Capital (layoffs, pension fund raids, etc.), he did have moral qualms about making certain kinds of investments in the first place. Crowley says that Romney felt there were plenty of places to make money, which meant Bain didn’t have to get involved in some of the more noxious ones.

Among those areas that Romney avoided was making investments in gun companies, many of which were attractive targets in the 80s and 90s. That’s interesting! Has anyone else reported this before? Is it true? Did Romney really have moral qualms — as opposed to financial qualms — about putting Bain’s money into Colt and Winchester and other arms manufacturers? I’d like to hear more about this.

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