Detroit has filed for bankruptcy, and many are trying to figure out who or what caused the city to be around $19 billion in debt. Rush Limbaugh claims "unchecked" left-wing ideologies have run the city into the ground.
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.
Some major companies and corporations such as MF Global and AMR, the parent company of American Airlines, have filed for bankruptcy.
In the process, they may have, directly or not, caused some people to go bankrupt.