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hay rick

(7,607 posts)
Thu Mar 7, 2013, 11:01 AM Mar 2013

Posted a Post Office thread in GD.

http://www.democraticunderground.com/10022472070

OP links to an article that evaluates the Postal Service as a business.

From the OP-

Royal points out "two plums" that can be plucked from a privatized Postal Service. One would be "busting the union, lowering wages, and shifting that profit into investors' hands..." And the other:

Second, and perhaps sweeter, that well-funded USPS retirement account might be opened for raiding. An acquirer could invest in higher-return securities and adjust their return assumptions (not even unfairly), freeing tens of billions that could then be returned to investors. For context, FedEx and UPS have a combined market cap of $110 billion against nearly $330 billion in USPS retirement assets.

Latest Discussions»Issue Forums»Omaha Steve's Labor Group»Posted a Post Office thre...