Did Mitt Romney Avoid Investments in Gun Companies?

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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.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

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As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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