Comment: Hostess went bankrupt

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Hostess went bankrupt

numerous times throughout the last 15 years and they patched over their debt with loans and more loans. Their closing was just a matter of time, you cannot stay solvent by borrowing more money. Sure the unions were part of the problem, but there was a laundry list of problems and the main problem they had was incompetency.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James