DeJoy bought up to $305,000 in bonds from USPS board chair's investment firm
Source: Washington Post
Economy
DeJoy bought up to $305,000 in bonds from USPS board chair’s investment firm
Board of Governors Chairman Ron Bloom, a managing partner at the firm, has backed DeJoy’s plans to slow mail delivery and raise prices
By Jacob Bogage and Douglas MacMillan
Today at 12:10 p.m. EDT
Postmaster General Louis DeJoy purchased up to $305,000 in bonds from an investment firm whose managing partner also chairs the U.S. Postal Service’s governing board, the independent body responsible for evaluating DeJoy’s performance.
Between October and April, DeJoy purchased 11 bonds from Brookfield Asset Management each worth between $1,000 and $15,000, or $15,000 and $50,000, according to DeJoy’s financial disclosure paperwork. Ron Bloom, a Brookfield senior executive who manages the firm’s private equity division, has served on the postal board since 2019 and was elected its chairman in February.
DeJoy’s financial adviser purchased the bonds on the open market, Postal Service spokesman Jeffrey Adams said, and Bloom manages a division of Brookfield separate from the one that sells public securities.
Two ethics experts interviewed about the transaction disagreed over whether the bond purchases could cause conflict-of-interest issues in the agency’s top ranks. One argued that the transactions raise questions about oversight and governance at the nation’s mail service, which has taken on newfound prominence during the coronavirus pandemic and after the November election, in which nearly half of all voters cast their ballots through the mail. The other said financial connections between government officials could give off the appearance of conflicts without necessarily causing ethics problems.
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By Jacob Bogage
Jacob Bogage writes about business and technology for The Post, where he has worked since 2015. He previously covered the automotive and manufacturing industries and wrote for the Sports section. Twitter https://twitter.com/jacobbogage
By Douglas MacMillan
Doug MacMillan is a corporate accountability reporter for The Washington Post. He previously covered technology for the Wall Street Journal, Bloomberg News and Businessweek. Twitter https://twitter.com/dmac1
Read more: https://www.washingtonpost.com/business/2021/08/13/dejoy-usps-bloom-bonds-brookfield/
= new reply since forum marked as read
it requires the Board of Governors to do that. There were 3 appointees that Biden just had confirmed, who just started their terms on June 15th. There are 2 more seats coming up in December - the one with current appointed (D) Chair Ron Bloom (who is on a 1 year holdover/extension), and a (R) seat. And because one of Biden's appointments was an (I) (vs a (D) or (R)), then she doesn't count "against" his appointing a new (D) when the (R) seat is up, and then replacing the (D) seat (Bloom's - who has been supporting DeJoy) with a NEW (D), and still be able to stay within the "no more than 5 Governors per party" requirement, resulting in 5 (D)s + 1 (I) who supports (D)s, which = 6 " (D)s/(D-supporting Is) " - 3(R)s.
(hopefully that made sense 
)
TGIF!!!
since it is only a crescent and not full, and someone forgot to check. 
I know "you" would approve!
(sorry I had to being a Philadelphian)A great reminder that my namesake fervently believed that the Post Office was vital to the creation of democracy in America and to making us one nation rather than a collection of often squabbling Balkanized colonies. Which is why I think he would approve of having DeJoy tarred and feathered for his crimes.
And I was fond of reminding people that just as in 1776 Philadelphia once more was pivotal in defeating tyranny as Philadelphia voters put President Biden over the top in Pennsylvania and into the Whitehouse so the country owes you a tremendous debt of gratitude! 
that 90% of Independents vote for one party or the other. They just don't like IDENTIFYING as a D or R.
