Hostess

OK. So. Hostess is filing Chapter 11 because their employees struck when the company demanded givebacks on wages.
And the big joke is that "Oh noes! No more Twinkies! Ermahgerd!"

Nope. Not buying it.

So, you're filing Chapter 11. Liquidation. On a brand-name product. The question here is: who is going to buy the assets? And once they buy them, what are they going to do with them? Re-negotiate with the same unions?

Of course there is something approaching zero actual reporting on this beyond the silly "Our childhoods are over!" snarkiness.

And you wonder why I post pictures of owls...