Saturday, November 17, 2012

Twinkie RIP

I'm sure by now everyone has heard of Hostess throwing in the towel and going Chapter 7. You probably also saw the absurd statements made by Richard Trumka blaming "Bain" Policies For Hostess Shuttering"

What the MSM and Trumka failed to say by selective memory was that when Hostess emerged from Chapter 11 it was prominent Democrat Tim Collins of Ripplewood holding with the help of none other than another slimy former pol Dick Gephadrt who injected 130 million intro the company.

Of course the sheep will never hear this and the MSM will not report it so over the next few days we will here the wail and cry of evil capitalists when in reality it was their own rich buddies involved and a union to stupid to see what the reality was in a very low margin business.

I can't see this financial mess going on another year. The only good thing is Europe will burn before the USA and maybe that will get these sorry ass politicking's fools on both sides of the aisle to actually tell the truth and do the right thing. I can always dream. For a detailed look check Zero Hedge
http://www.zerohedge.com/news/2012-11-16/hostess-liquidation-curious-cast-characters-twinkie-tumbles

Twinkie RIP Nov 2012

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