The comparison to the real estate crisis can't be avoided in evaluating the story that the PO is expecting the public to believe.
Politicians would like for us to believe that the banks were able to sneak into town without their knowledge and generate 67m illegal mortgages over the past decade.
Postal managers want the public to believe that even though the cost of processing 1000 pieces of standard mail has be reduced to $1.50, down from $55, that they are losing money. This after eliminating 200,000 jobs and adding 30% more managers.
Courts in New York have determined that the mortgages should be voided.
Senator Susan Collins has said that the no-bid tax free contracts that are let by the PO should be audited.
Both cases would result in indictments for politicians and postal managers.
OK Ms. Warren let's start sending people to jail!
This administration, despite being Democratic, is tougher on "whistle-blowers" than any other administration. This is the primary reason that not one politician has been indicted since Elizabeth Warren's investigation began. Not one has even been questioned. Mr. Bernanke and Mr. Geithner should be on the stand answering the question of how MERS came to control 2/3 of the mortgages due for registration on county records in the U.S. Why, after New York courts have determined that these transactions are illegal, haven't any mortgages been voided? Why has the Foreclosure Review Committee determined that it would be too burdensome to review these cases individually? Could it be that MERS has generated more mortgages than there are properties? The courts found the 67m illegal mortgages have been generated by MERS. The census say that there are only 75m mortgages in the U.S.
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