Why Mitt Romney Won't Defend Private Equity

Mitt Romney isn't spending too much time defending private equity. And, as much as I'd like him to reconsider, it's probably a wise political move. The issue was raised earlier today on CNBC, during a conversation between Squawk Box anchor Andrew Ross Sorkin and David Rubenstein, co-founder and CEO of private equity powerhouse The Carlyle Group (CG). . .