"... Bernie Madoff Would be Proud
“This is a PONZI-like scheme Bernie Madoff would be proud of,” he added in oral comments. The Postal Service diverts mail volume to the private sector, using an exaggerated per-piece cost to set postage discounts. At the same time, discount-funded private mail processing plants are opened, while more efficient USPS processing centers are consolidated, he said.
“The results benefit major mailers, while making the USPS less efficient and more expensive,” Burrus said...."
Postal news for those interested in the mailing industry, postal employees, stamp collecting, etc...
This site is not affiliated with the U.S. Postal Service