"Ralphael1" wrote in message
...
Latest news; USPS may fall victim of the economy and wither away.
Not really news to those thinkers who realize email has cut a serious
chunk of USPS income. The recession is taking another big bite. Who
knows what lies down the road.
Ralphael, the OLd one
No problem with the USPS, that is "currently a quasi-agency or department of
the United States government ", Ralph. It hasn't to be officially saved
(buyout-ed).
"Presently, the USPS is the third-largest employer in the United States
(just behind the Department of Defense and Wal-Mart), and operates the
largest civilian vehicle fleet in the world, with an estimated 170,000
vehicles. It has been estimated that if the USPS were a private corporation,
it would be the tenth largest company in the nation. The USPS delivers over
200 billion pieces of mail annually to over 140 million homes and
businesses, and is by far the largest postal service in the world. "
http://www.usjunkmail.com/consumer/history.aspx
Thanks to its status, it won't be ever necessary "to place (USPS) into
conservatorship", like happened on Sept. 7, 2008 to the government sponsored
enterprises Fannie May and Freddie Mac.
"Fannie Mae was established in 1938 as a mechanism to make mortgages more
available to low-income families."
"Freddie Mac (FHLMC - Federal Home Loan Mortgage Corporation), is an
insolvent government sponsored enterprise (GSE) of the United States federal
government. The FHLMC was created in 1970 to expand the secondary market
for mortgages in the US."
http://en.wikipedia.org/wiki/Fannie_Mae
http://en.wikipedia.org/wiki/Freddie_Mac
I wonder if these enterprises appeared on the USPS stamps.
--
Victor Manta
(just back from SNA)
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