Clear Channel Communications is owned by Bain Capital.
So perhaps Romney’s persistent silence is owed to the fact that Limbaugh’s offensive comments make him quite a bit of money. After all, the majority of investment income in Romney’s “blind trust” is derived from private equity funds managed by Bain Capital. Clear Channel is one of Bain’s largest investments. Rush Limbaugh is one of Clear Channel’s largest investments. Clearly, Romney has a real conflict of interest here.
Copyright 2012 The National Memo