Hostess Brands closed up shop permanently today, forced into bankruptcy and liquidation by a nationwide strike by the Bakers' Union. This will result in the loss of 18,500 full-time jobs.
According to the BBC:
"The union's pension fund is [the firm's] biggest unsecured creditor, and is owed about $944.2m."
No doubt some obscure agency of the federal government will step forward to guarantee the payment of the pension in Bernanke Bucks.