Hostess is closing down shop and would like you to believe the Unions killed your Twinkies and Ding-Dongs. Hint: They didn't. Perhaps it has to do with poor management and the massive raises they gave their executives while they were in BANKRUPTCY.
This clip from the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM
In 2005, Chuck Stewart’s life had come to a screeching halt. His partner was in the hospital with a terminal illness and he had only $300 in his bank account. He couldn’t find a job, and the $60,000 in student loans he took on for a doctorate in education weren’t going anywhere. That’s when he decided to file for bankruptcy.