When a company peddling sugar-infused cream rolls to the most obese population on the planet goes broke, you know market conditions have broken down. Yesterday, Hostess Brands Inc., the company responsible for such delightful dietary abominations as Twinkies, Ding Dongs, Devil Dogs, Ring Dings, Suzy Q’s and, of course, Drake’s Coffee Cakes, filed a motion for bankruptcy. Sorry Newman…“No Cake For You!” Too bad. It seems Colorado and Washington states just couldn’t legalize marijuana fast [...] Hostess Shrugged appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .