Now that the Hostess closure has begun to affect all of us, Jordan Weissman of The Atlantic will discuss what's really important here, namely: whose fault it is. And duh, of course it was not the Bain-style "private equity" managers for loading the shitty snack cake company up with debt and then legitimately raping it with management fees; no, it is only their fault for making "poor decisions," mostly the decisions to only slash union workers pay "a lot" instead of "maquiladora-style."
I believe the line comes from Dan Jenkins - "Why is it all the smart mice are always trying to take the cheese away from the dumb mice?"
Ha ha, &quot;larded with debt...&quot; So funny, <i>The Atlantic</i>. Thank goodness you&#039;ve gone conservatard now that you belong to Mort &#039;&quot;Sugar Man&quot; Zuckerman. No, wait:
<blockquote>On September 27, 1999, ownership of the magazine was transferred from Zuckerman to David G. Bradley, owner of the Beltway news-focused National Journal Group....Bradley, who has described himself as &quot;a neocon guy&quot;...</blockquote>
There it is. What do neocons love more than war to defend Israel at the expense of who cares who else? They love rich guys like Murdock and this asshole to finance the scribblings.
&quot;...starchy snacks that much of the public had lost its taste for&quot; is the worst sort of Twinkie libel.
But it is definitely true that, for me at least, the fine food stylists at the Frito-Lay Corporation have mastered the art of packing one-half ounce of irresistibility in a colorfully printed foil bag that sells for a dollar.
Can I possibly be the only one with a strong suspicion that if one were to actually look into what happens when private equity guys swoop on a company in bankruptcy, one would actually discover that there&#039;s nothing remotely unusual in any way about the post-takeover entity being larded up with new debt on the excuse of projected revenue growth?
Butter, <a href="http:\/\/www.foodnetwork.com\/recipes\/paula-deen\/paulas-fried-butter-balls-recipe\/index.html" target="_blank">y&#039;all</a>. Or the Scottish classic, Mars bars.
How can you defend the diabetes market against an <a href="http:\/\/www.foodnetwork.com\/recipes\/paula-deen\/ultimate-fantasy-deep-fried-cheesecake-recipe\/index.html" target="_blank">actual diabetic</a>, though?
<i>&ldquo;an unusual circumstance that the company justified on expectations of &lsquo;growing&rsquo; into its capital structure,&rdquo; as Kaplan put it.</i>
I&#039;m going to try that one on American Express. I fully expected my income to &quot;grow into&quot; the $100,000 dollar chicken coop I bought from Neiman-Marcus, so I probably should just get it for free because it didn&#039;t.
&ldquo;an unusual circumstance that the company justified on expectations of &lsquo;growing&rsquo; into its capital structure,&rdquo; as Kaplan put it.
Isn&#039;t this like a recent college graduate without a job purchasing a home and taking on a mortgage?
But you repeat yourself.
<i>A private equity company, Ripplewood Holdings, paid about $130 million dollars to take Hostess private</i>
Ripplewood&#039;s a bunch of amatuers; the <i>real</i> smart money guys are over at Whiskeydick Enterprises.
I believe the line comes from Dan Jenkins - &quot;Why is it all the smart mice are always trying to take the cheese away from the dumb mice?&quot;
Ha ha, &quot;larded with debt...&quot; So funny, <i>The Atlantic</i>. Thank goodness you&#039;ve gone conservatard now that you belong to Mort &#039;&quot;Sugar Man&quot; Zuckerman. No, wait:
<blockquote>On September 27, 1999, ownership of the magazine was transferred from Zuckerman to David G. Bradley, owner of the Beltway news-focused National Journal Group....Bradley, who has described himself as &quot;a neocon guy&quot;...</blockquote>
There it is. What do neocons love more than war to defend Israel at the expense of who cares who else? They love rich guys like Murdock and this asshole to finance the scribblings.
Only if you can&#039;t get the taxpayers to make up your losses.
You forgot to multiply something by Journalistic Integrity, which, in this case, as most cases, is negative. That&#039;ll make it all work out.
&quot;...starchy snacks that much of the public had lost its taste for&quot; is the worst sort of Twinkie libel.
But it is definitely true that, for me at least, the fine food stylists at the Frito-Lay Corporation have mastered the art of packing one-half ounce of irresistibility in a colorfully printed foil bag that sells for a dollar.
Can I possibly be the only one with a strong suspicion that if one were to actually look into what happens when private equity guys swoop on a company in bankruptcy, one would actually discover that there&#039;s nothing remotely unusual in any way about the post-takeover entity being larded up with new debt on the excuse of projected revenue growth?
Because everyone knows <i>you can&#039;t lose money</i> on residential real estate!
Butter, <a href="http:\/\/www.foodnetwork.com\/recipes\/paula-deen\/paulas-fried-butter-balls-recipe\/index.html" target="_blank">y&#039;all</a>. Or the Scottish classic, Mars bars.
How can you defend the diabetes market against an <a href="http:\/\/www.foodnetwork.com\/recipes\/paula-deen\/ultimate-fantasy-deep-fried-cheesecake-recipe\/index.html" target="_blank">actual diabetic</a>, though?
<i>&ldquo;an unusual circumstance that the company justified on expectations of &lsquo;growing&rsquo; into its capital structure,&rdquo; as Kaplan put it.</i>
I&#039;m going to try that one on American Express. I fully expected my income to &quot;grow into&quot; the $100,000 dollar chicken coop I bought from Neiman-Marcus, so I probably should just get it for free because it didn&#039;t.
Thank goodness America still has Cheetos and Doritos, with all their nutritional value.
&ldquo;an unusual circumstance that the company justified on expectations of &lsquo;growing&rsquo; into its capital structure,&rdquo; as Kaplan put it.
Isn&#039;t this like a recent college graduate without a job purchasing a home and taking on a mortgage?