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AFL-CIO: 'Bain-style' killing of Twinkies
Posted By -NO AUTHOR- On 11/16/2012 @ 1:53 pm In Front Page,Money,U.S. | No Comments
(POLITICO) The Bain attack is back.
This time it’s being used against Hostess Brands, the Twinkies and Wonder Bread maker that announced Friday it was closing. AFL-CIO President Richard Trumka drew the comparison in a public statement Friday.
“What’s happening with Hostess Brands is a microcosm of what’s wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor,” Trumka said in a public statement. “Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price.”
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