No More Twinkies

Some Union basically shot itself in the foot and then bent itself over to kill Hostess off.

http://frontpagemag.com/2012/arnold-ahl ... the-brink/

http://money.cnn.com/2012/11/16/news/co ... s-closing/

The worst part? The biggest unsecured debt for Hostess was the union pension plan (see first link) so they just lost their pensions too.


Oops.

Obummer will make it illegal to withdraw twinkies from the market and throw all the management in jail. We will then subsidize twinkies for the next twenty years and make Hostess a division of the post Office. Millions of liberals will vote for him on this issue as not only did he save a junk car company but he saved the world for junk food. Hail the Messiah.

As far as getting that food junk itself, another food company as already talking to the judge about buying the asset.

Davian . I agree,at least if they had bargained they would still have there jobs.More union Idiots!

chester wrote:Davian . I agree,at least if they had bargained they would still have there jobs.More union Idiots!

The pension thing sucks. I feel bad for the average baker...their union leadership really screwed them over big time there. Now they've got no job, no pension and they're screwed.

coalnewbie wrote:Obummer will make it illegal to withdraw twinkies from the market and throw all the management in jail. We will then subsidize twinkies for the next twenty years and make Hostess a division of the post Office. As far as getting that food junk itself, another food company as already talking to the judge about buying the asset.

I assume the brand will be bought out and Twinkies will be made...the liquidation bankruptcy does coincidentally allow whoever buys it to break any union contracts...so they still lose.


Not a smart decision by the union.

I assume the brand will be bought out and Twinkies will be made...the liquidation bankruptcy does coincidentally allow whoever buys it to break any union contracts...so they still lose.

Watch for a union buyout of the company. You can buy the brand but it is much better just to take over the bakeries and the machinery will be specific and you need know how. I agree no other food group will assume the pension benefits but the people live on and continue to pay union dues. They could care less about individual hardships. That's liberals for you. As far as bankruptcy was it Chapter 9, 11 or 13, I haven't been following this one.

They were previously in a Ch 11 (this is not their first financial trouble and they've been bleeding cash for years now) but this will be a Ch 7 liquidation from my understanding. The owners will come out ahead though.

Not saying the Union is completely not at fault but this mentions how the top just may have been setting up for a fall where they come out smiling. http://www.retailleader.net/top-story-h ... s-680.html
This one is from the Union side but should be easy to verify. http://www.cnbc.com/id/49841354 There is always more than one side to everything.

Won't the Pension Benefit Guaranty Co. pay them like they did the airline pilots?

Black_And_Blue wrote:

That was the first thing that came to mind for me too.

Things look bleak, now the only place to get a ding dong is in the WH.

I' m one twinkie short of being overweight...hope they don't stop making them!

I' m one twinkie short of being overweight...hope they don't stop making them!

Relax, in a capitalistic world vacuums are always filled. I doubt if there will even be a hiccup. Perhaps a savvy marketeer will arrange for the world not to have twinkies for a few weeks just to make them more desirable. MSM will cover the headline story for free - welcome back twinkies, I mean what else is there? Do you think they want cover Benghastly -forgedaboutthatone. Twinky is gone protest rallies, blaming Bush of course. Occupy a bakery or two. The President on the TV saving the twinky, Congress passing new protwinky acts. A stirring Churchillian-like speech whilst munching a ding dong, of course that is as long as the teleprompter does not break. A press conference of adoring reporters screaming "only you could have pulled that off Mr. President". Repubs demanding action. Congressional approval will go up 20 points. You think I am joking? Wait. Beats trying to sort out the fiscal cliff.

Just when a couple of states legalized pot, no more munchies!