Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.

On 12/10/2012 5:20 PM, jps wrote:

Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.

So what's new? The Unites States Government has been doing the same
thing to Social Security for decades

In article om,
says...

On 12/10/2012 5:20 PM, jps wrote:

Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.

So what's new? The Unites States Government has been doing the same
thing to Social Security for decades

Government and worker/employer relations are two different things.

On Tue, 11 Dec 2012 12:03:12 -0500, wrote:

On Tue, 11 Dec 2012 09:17:01 -0500, iBoaterer wrote:

In article om,
says...

On 12/10/2012 5:20 PM, jps wrote:

Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.

So what's new? The Unites States Government has been doing the same
thing to Social Security for decades

Government and worker/employer relations are two different things.

Yeah, when a government has an unfunded obligation like Social
Security they just print more money ... until inflation crushes their
economy and they become Weimar Germany.

SS unfunded? WTF are you talking about? It's been funded alright, by
you and me. Jackoffs like Bush and Cheney didn't give a **** about
unfunded wars when they went after WMDs "in and around Tikrit."

If they want to steal from SS to fund wars, let those who profited pay
the biggest price.

On 12/11/12 9:33 PM, jps wrote:
On Tue, 11 Dec 2012 12:03:12 -0500, wrote:

On Tue, 11 Dec 2012 09:17:01 -0500, iBoaterer wrote:

In article om,
says...

On 12/10/2012 5:20 PM, jps wrote:

Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.

So what's new? The Unites States Government has been doing the same
thing to Social Security for decades

Government and worker/employer relations are two different things.

Yeah, when a government has an unfunded obligation like Social
Security they just print more money ... until inflation crushes their
economy and they become Weimar Germany.

SS unfunded? WTF are you talking about? It's been funded alright, by
you and me. Jackoffs like Bush and Cheney didn't give a **** about
unfunded wars when they went after WMDs "in and around Tikrit."

If they want to steal from SS to fund wars, let those who profited pay
the biggest price.


You want to cut into the profiteering of the warmongers? That's unAmerican!

In article ,
says...

On 12/11/12 9:33 PM, jps wrote:
On Tue, 11 Dec 2012 12:03:12 -0500, wrote:

On Tue, 11 Dec 2012 09:17:01 -0500, iBoaterer wrote:

In article om,
says...

On 12/10/2012 5:20 PM, jps wrote:

Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.

So what's new? The Unites States Government has been doing the same
thing to Social Security for decades

Government and worker/employer relations are two different things.

Yeah, when a government has an unfunded obligation like Social
Security they just print more money ... until inflation crushes their
economy and they become Weimar Germany.

SS unfunded? WTF are you talking about? It's been funded alright, by
you and me. Jackoffs like Bush and Cheney didn't give a **** about
unfunded wars when they went after WMDs "in and around Tikrit."

If they want to steal from SS to fund wars, let those who profited pay
the biggest price.


You want to cut into the profiteering of the warmongers? That's unAmerican!

What is unAmerican is not paying your taxes, not pulling your own weight
and screwing the little guy who is just trying to get by.

In article ,
says...

On Tue, 11 Dec 2012 12:03:12 -0500, wrote:

On Tue, 11 Dec 2012 09:17:01 -0500, iBoaterer wrote:

In article om,
says...

On 12/10/2012 5:20 PM, jps wrote:

Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.

So what's new? The Unites States Government has been doing the same
thing to Social Security for decades

Government and worker/employer relations are two different things.

Yeah, when a government has an unfunded obligation like Social
Security they just print more money ... until inflation crushes their
economy and they become Weimar Germany.

SS unfunded? WTF are you talking about? It's been funded alright, by
you and me. Jackoffs like Bush and Cheney didn't give a **** about
unfunded wars when they went after WMDs "in and around Tikrit."

If they want to steal from SS to fund wars, let those who profited pay
the biggest price.

They broke off the lock on the SS lock box and the only thing that is in
their is mound of IOU's. If you have any intelligence you will have
figured out that SS is insolvent.

On 10/12/2012 3:20 PM, jps wrote:

Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.

Hardly, union blood sucking and crappy management screwed hostess.

But do agree in this, if deducted for pensions, it should go to pensions
and if pensions are underfunded, their payouts should be reduced across
the board. Even a payout cap as not to let CEO pension obligations suck
the fund dry.

In fact it is why all these pooled plans are pooled scams. You always
want your pension in your name, account and control. Otherwise it is
likely the pension moneys will be screwed out of you.

--
Liberal-socialism is a great idea so long as the credit is good and
other people pay for it. When the credit runs out and those that pay
for it leave, they can all share having nothing but debt and discontentment.

In article ,
says...

On 10/12/2012 3:20 PM, jps wrote:

Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.

Hardly, union blood sucking and crappy management screwed hostess.

You didn't see the part where Hostess Brands acknowledged there wrong
doings?

On 12/10/12 5:20 PM, jps wrote:

Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.


In most of the building trades unions, the funds are managed by a trust
fund and unfunded liabilities are not allowed. The fund directors are
bonded. If either the management or labor side of the fund pulled what
Hostess did, the bonding company would push for criminal prosecutions,
and the "reach back" process would find, arrest, try and convict the
management suits who did this.