The Buzz

Twinkies, steel, and Mitt Romney

Updated: 2013-07-16T18:56:58Z

By DAVE HELLING

Slate has a story this afternoon about Twinkies, which have a strong Kansas City connection, and the use of private equity to take the snack’s maker out of bankruptcy and into producing, well, Twinkies.

You may remember that private equity was a huge issue in last year’s presidential campaign — and another Kansas City company, GST, was at the center of that argument between Mitt Romney and his opponents (Democratic and Republican.)

Here’s what we wrote at the time.

So: sometimes private equity bailouts work. Sometimes they don’t.

If they don’t this time, Twinkies may go the way of GST Steel.

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