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Hostess May File for Bankruptcy

Twinkies, invented in the 1930s by the Continental banking Company, initially had strawberry and banana fillings. During World War II, a shortage and rationing of bananas forced Continental Bakeries to switch the filling to vanilla, a turning point in American junk food lore.

Nearly a half billion Twinkies are reportedly made every year and former President Bill Clinton put a Twinkie in a time capsule, the company says on its Web site.

Twinkie inventor Continental Banking Company had a history that traced back to the 1840s until a 1995 merger with Interstate Bakeries, which then valued the company at $330 million.

The Post reports that with a bankruptcy filing, Hostess Brands could liquidate brands including Hostess, Wonder, Nature's Pride, and Drake's to its lenders.

-- Written by Antoine Gara in New York

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