After buying Hostess in a bankruptcy sale, these equity hucksters feathered their own nests, rather than modernize Hostess's equipment and upgrade its products. They piled an unbearable debt load of $860 million, diverting its revenues into interest payments made to rich, absentee speculators.

After buying Hostess in a bankruptcy sale, these equity hucksters feathered their own nests, rather than modernize Hostess's equipment and upgrade its products. They piled an unbearable debt load of $860 million, diverting its revenues into interest payments made to rich, absentee speculators.
REDDIT TOP NEWS | NOVEMBER 28, 2012
http://pulse.me/s/fNgSh


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