Anybody know more?
Hostess is actually run by big-time Democrat Tim Collins of vulture-capitalist Ripplewood Holdings, who relies on former House Majority Leader Dick Gephardt.
Hostess has $2 billion in unfunded pension liabilities and was bankrupt a few years ago too.
Hostess execs were making ONE DOLLAR per year until recently. Dick Gephardt’s son is on the Board of Directors of Hostess.