This is a for-the-record historical observation, since (alas!) I am about the only one on Team Atlantic in a position to offer it.
I am just a few years younger than Mitt Romney (also Bill Clinton and GW Bush -- the three of them all born within an eight-month stretch in the early Baby Boom). So I can remember the era, though not the prep-school atmospherics nor all-boys school dynamics, of the now-infamous Cranbrook haircut story.
Part of what Mitt Romney has said rings entirely true to me, concerning those times. That "sissy" or "effeminate" kids would have been picked on, but that they wouldn't have been openly known as gay, is how it was. Teenagers were and are cruel, especially to those who seem "different." And in that era, homosexuality as a reason for different-ness wasn't something people talked about. (Skeptical? I give you the closeted art-director Sal, in Mad Men -- and he was in New York.) As I mentioned after Barack Obama's announcement that he had changed his mind on same-sex marriage, it is painful and embarrassing for me to remember the casual "faggot" taunts of those days, and what it must have been like for my friends and schoolmates who were gay but couldn't say so.