Saturday, November 17, 2012

Who killed Twinkie?




This whole Hostess liquidation has been framed as a union versus private equity debate. The truth of what happened is a tad more complicated.

Perhaps one of the most interesting aspects of the just announced Hostess liquidation, one that will be largely debated and discussed in the media, or maybe not at all, is the curious cast of characters and the peculiar history of this particular bankruptcy.


http://www.zerohedge.com/news/2012-11-16/hostess-liquidation-curious-cast-characters-twinkie-tumbles





Basically this was a wealth transfer of the pension funds from the workers to this guy:



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