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There Is a Petition for Obama to Nationalize Twinkies

When the US auto industry was in jeopardy four years ago President Obama stepped in with a bailout package. Now it's the American junk food industry that's in peril, with Hostess Brands closing up shop and heading for liquidation, and some want Obama to take an even more drastic step.

Daniel B. of Kansas City has started a petition for the president to "Nationalize the Twinkie industry."

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twinkies
Christian Cable, Flickr
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Judge Says Hostess Must Mediate with Union

Twinkies won't die that easily after all.

Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.

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