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Just a thought

B

Bug on the rug

CC could conceivably "strategically" default on it's $20 billion loan when a $2 billion payment is due in two years. What company in their right mind, or private equity group, would pay full or even a discounted price for a highly overvalued asset!??

CC suits are probably praying as hard as they can that Romney gets elected, and the terms of the loan can be reconfigured. If Obama gets re-elected, hold on tight CC peeps!
 
If Romney is somehow elected, and deals with the Bain Capitol situation like is suggested, then he would be faced with an issue that would raise many eyebrows called "conflict of interest."

"President" Romney would then be called upon to answer many uncomfortable questions that might possibly make him squirm. I don't think he would treasure that possibility.

No matter who is elected in November, this situation should be allowed to play itself out without Washington on the sidelines.
 
Romney or Obama...it makes zero difference for CC. Romney is no longer connected to Bain Capital, and the President doesn't broker loan defaults or re-negotiations of private companies. Romney can't help Clear Channel and Obama can't hurt them, apart from what changes in the economy either man's leadership might have on the overall business climate.

From his rhetoric four years ago, I'd have bet on Obama to make FCC appointments that would target cross-ownership and consolidation, possibly even to the point of re-regulation. But nothing's happened, even though it could have been a useful and popular accomplishment to point to in this year's re-election campaign.

CC will default, re-finance, sell or some combination of the three, based solely on what's in it for the people they're doing business with.
 
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