If Twinkies are bankrupt,
things have to be bad:
KANSAS CITY, Mo. - Interstate Bakeries Corp., the nation's largest wholesaler baker whose products include Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy protection early Wednesday. The company also named a new chief executive.
The company employs 34,000 people at 50 bakeries around the country. True, it's probably poor management that drove this, but its not hard to be impressed when an American icon like Twinkies and Wonder bread goes bankrupt.