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Hostess Bankruptcy / No More Twinkies - Hostess CEOS Take Pensions from Employees

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Uploaded Dec 15, 2012 at 02:42PM EST

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Hostess Bankruptcy / No More Twinkies

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Uploaded by TheYoungTurks via YouTube

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“Hostess Brands Inc. said it used wages that were supposed to help fund employee pensions for the company’s operations as it sank toward bankruptcy. It isn’t clear how many of the Irving, Texas, company’s workers were affected by the move or how much money never wound up in their pension plans as promised.

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