The closing of Hostess is a moment of some importance in our cultural history. Some in the news try to tell us that General Petraeus’ sex life is more important. Humbug. A person of power having illicit sex is a dog bites man story. Hostess going down is proof that in this universe things fall apart and the creamy center does not hold.
The company, which has more than $860 million in debt to Bain-like private equity firms, is letting the vulture capitalists cake-walk and blaming the bakers union.