The Poison Twinkie negotiating strategy - Hostess takes a dive

Hostess, maker of iconic childhood treats like the Twinkie, has decided to dissolve rather than negotiate further with striking union workers!

(Update from Betsy. The Bankruptcy judge in the Southern District of NY has required Hostess to mediate with the Bakers union, which is the union which is still striking against Hostess). Also, even if Hostess continues with the bankruptcy, it appears that there are many buyers interested in purchasing their product line. So those who have been purchasing Twinkies for $500 and more may end up with buyer's regret in more ways than one!