Jared has been working on GGS theory ongoing and I admire alot of his work. I keep things in perpective first.
Some of there products will be will be missed with Hostess. It was a older Firm from interstate brands and they came from the great depression if memory serves correct. People need to wake up and remember no one is exempt and
not be asleep at the wheel.http://www.youtube.com/watch?v=jHufiHAb ... re=related
Interstate Brands Corporation (IBC) is the largest wholesale baker and distributor of fresh delivered bread and snack cakes in the United States. Since its inception in 1927, IBC has grown to own and operate 68 bakeries throughout the United States and employs more than 34,000 people. From these strategically dispersed bakeries, the Company's sales force delivers baked goods to more than 200,000 food outlets on approximately 11,000 delivery routes.
The IBC product line is marketed under a number of well-known national and regional brands, which include Wonder Bread, Hostess, Home Pride, Drake's, Beefsteak, Bread du Jour, Dolly Madison, Butternut, Merita, Parisian, Colombo, Sunbeam, Millbrook, Eddy's Holsum, Sweetheart, Cotton's Holsum, J.J. Nissen, Marie Callender's and Mrs. Cubbison's. In addition, the Company is a baker and distributor of Roman Meal and Sun Maid bread.
Note: private equity firm Castle Harlan Inc., which acquired the Perkins chain in 2005 for $245 million so above text is older conveyances. We all know how the models work in equity here to spin out lines.
Context: On July 6, Castle Harlan bought the Toronto-based supplier of mill liners and other products to the mining industry from Pala Investments for $190 million; within seven hours, it had sold it to Bradken Ltd, an Australian competitor of Norcast’s that has a long history with Castle Harlan, for $217 million.
The subpoenas had been granted to Norcast S.ar.L., the former owner of Norcast Wear Solutions and a wholly owned subsidiary of Pala. Norcast and Pala maintain that Bradken was a “potential buyer” in the initial transaction that “expressed no interest,” according to the Nov. 17 ruling by U.S. District Judge Paul A. Crotty in the United States District Court for the Southern District of New York. Castle Harlan and Bradken have had a decade-long relationship. CHAMP Private Equity, Castle Harlan’s Australian affiliate, bought Bradken in 2001 for $94.2 million and took it public in 2004, as Buyouts previously reported.
Bottum line its a 3 country flip with lives being destroyed to profit models crushed in fiat designed to fail and not from viability.Banks first used synthetic collateralized debt obligations (SCDOs) in the late 1990s to transfer corporate credit risk off their balance sheets without transferring physical ownership of the assets.http://www.scribd.com/fullscreen/93190243