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September 22nd, 2004
10:00 am
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Wonder Bread maker files bankrupcy
Interstate Bakeries, hit by accounting and low-carb woes, seeks Chapter 11 protection.

NEW YORK (CNN/Money) - Interstate Bakeries, maker of Wonder Bread and Twinkies, filed for bankruptcy court protection early Wednesday. The company, which operates 57 bakeries throughout the United States and employs more than 33,000 people, listed assets of $1.6 billion and liabilities of $1.3 billion. It filed under Chapter 11 of the U.S. Bankruptcy Code, and said it intends to continue normal operations.

Wonder Bread is the worst thing our children can eat. Let’s hope they don’t recover.

http://money.cnn.com/2004/09/22/news/fortune500/interstate_bankruptcy/index.htm?cnn=yes for the full story.

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From:[info]misteropinion
Date:September 22nd, 2004 07:22 am (UTC)
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Twinkies! Ho-hos! Aaaiiiiiiiiiiiiiiiigh! I'd better head for the store.

I agree about Wonder Bread, tho.
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From:[info]awfief
Date:September 22nd, 2004 08:56 am (UTC)
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don't worry, they'll ramp up production of Twinkies, and since they have a half life of 187 years, they'll still be around for a while.
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From:[info]misteropinion
Date:September 22nd, 2004 09:20 am (UTC)
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Yeah, but I don't want to have to buy them from shady Twinkie-brokers on eBay.
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From:[info]prettypammie
Date:September 22nd, 2004 08:01 am (UTC)
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You would think they would get a clue and start making Whole Grain and Low Carb bread?

-Pam
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From:[info]ckd
Date:September 22nd, 2004 08:38 am (UTC)
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I suspect that arsenic-coated lead weights with cyanide filling would be worse things to eat than Wonder Bread. But I could be wrong.
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From:[info]disappearinjon
Date:September 22nd, 2004 10:50 am (UTC)
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Heck, I think twinkies are probably worse than wonder bread, too...
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From:[info]cpj
Date:September 22nd, 2004 06:16 pm (UTC)
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How is wonder bread the worst thing??

I admit I prefer wheat, but I ate a lot of WB as a kid.
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From:[info]whitebird
Date:September 22nd, 2004 06:59 pm (UTC)
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I, personally, prefer Wonder Bread.
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