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Mexican Group of Bimbos to Buy Up Ho Hos

WillyLoman - by Scott Creighton

Don’t worry folks, you haven’t seen the last of your precious Twinkies and Ho-Hos. Just like I said before, the global opportunists have swept in ready to pick clean the bones of Hostess Brands Inc. after the vulture capitalists of General Electric, Monarch Alternative Capital and Silver Point Capital set the company up for imminent failure with their 700 million dollar loan last year.

“That would be the whopping $700 million dollar loans they had taken out last year from a consortium of vulture capitalist asset stripper firms who specialize in loaning companies money and then stripping them down to the bone for profit.” American Everyman

Yes, the MSM and their fake “counter culture” alternatives the neoliberals “libertarians” (wink wink) are steadily beating the “blame the evil unions” drum while this was a designed debt implosion by a group of former Goldman Sachs vulture capitalists who specialise in “distressed debt” restructuring deals. In short, they go in, get complicit CEOs to take on a bunch of debt they have no hope of repaying, declare bankruptcy of the company, gut the infrastructure selling it off to various interests and then turn a nifty little profit while cheating the 18,000 workers or so out of their jobs, their futures and their pension plans.

Then of course, they blame the unions so they can marginalize the middle class and the working man’s organized labor.

“Next week may be Black Friday but sweets lovers across the nation hung their heads in sorrow on a dark Friday yesterday as Hostess announced they would cease making their line of products, which include the iconic Twinkies brand, because of the Bakers Union Strike.

But now as the brand heads toward liquidating and selling off its assets, a Mexican company may be angling to resurrect the golden Twinkies.

According to the Christian Science Monitor, while food producers ConAgra and Flowers Food, the American company behind Nature Valley granola, have expressed interest along with Little Debbie baker McKee Foods,Mexico’s Grupo Bimbo may hold the inside track.” NBC Latino

I did get one thing wrong yesterday when I wrote about this on the 16th… but then again, who could have possibly seen a Mexican group of bimbos on the horizon?

Some company, perhaps a South Korean or an Israeli company?, will come along and buy up various brands and start cranking them out in shit-hole Free Trade Zones (in Haiti or the West Bank perhaps?) where they can pay workers 10 pennies an hour.” American Everyman

So everyone makes out like a bandit with the exception of the working people in the U.S. who are out of work and demonized for daring to organize their labor for a fair share of the company profits and the working people in sunny neoliberalized Mexico who will have to put in more hours for straight-time pay at a stunning 30 cents an hours or so for the Billionaire Group of Bimbos.

It’s union busting and vulture capitalism as art. Not very good art. In fact you have to work pretty hard to pretend to miss the role of the ex-Goldman crew in this demolition job. But, art none-the-less as they see it.

http://willyloman.wordpress.com/2012/11/18/mexican-group-of-bimbos-to-buy-up-ho-hos/

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4 Responses to Mexican Group of Bimbos to Buy Up Ho Hos

  1. Cathleen says:

    Hostess products a chock full of preservatives. One of my friends knew someone who worked at Hostess. He said the employees were told not to eat any of the Hostess products right off the product line. One employee didn’t listen and got very, very sick. Apparently these products have to sit for a little while to “mellow” before shipping to stores. These things are/were made to be able to sit on store shelves for weeks … even months. You think a home made Twinkie will last that long in your own home without molding?

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