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Yo_Mama_Been_Loggin

(107,112 posts)
Thu Aug 13, 2020, 01:08 PM Aug 2020

Report Claims Trump's Postmaster General Is Making Money Off Of Post Office

After Financial Disclosures Show He Continues To “Hold Multimillion-Dollar Stake” In USPS Contractor

Just when you thought things with the United States Post Office couldn’t get any worse, CNN just blew the lid off a bombshell report — revealing that Trump’s Post Master General, who’s been scheming to help this administration essentially dismantle the postal service in this country ahead of this year’s election, is still pocketing cash off contractors used by post offices.

CNN is now reporting that Post Master General Louis DeJoy has continued to hold a stake in XPO Logistics, a company that the US Postal Service uses as a contractor, causing a massive conflict of interest.

The report read:

Outside experts who spoke to CNN were shocked that ethics officials at the postal service approved this arrangement, which allows DeJoy to keep at least $30 million in XPO holdings. Raising further alarms, on the same day in June that DeJoy divested large amounts of Amazon shares, he purchased stock options giving him the right to buy new shares of Amazon at a price much lower than their current market price, according to the disclosures.



https://politicaltribune.org/report-claims-trumps-postmaster-general-is-making-money-off-of-post-office-after-financial-disclosures-show-he-continues-to-hold-multimillion-dollar-stake-in-usps-contractor/
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Report Claims Trump's Postmaster General Is Making Money Off Of Post Office (Original Post) Yo_Mama_Been_Loggin Aug 2020 OP
Quick! Call the Attorney General right away! He has to be notified of this! Midnight Writer Aug 2020 #1
Who is surprised -- anyone? Anyone at all? crickets Aug 2020 #2
Kick dalton99a Aug 2020 #3
Wasn't the House going to call in the Postmaster for an explanation? Frustratedlady Aug 2020 #4
+1 crickets Aug 2020 #6
So DeJoy via XPO have Haulage Contracts with USPS? Wellstone ruled Aug 2020 #5
I have a feeling this guy's days are numbered StarfishSaver Aug 2020 #7

crickets

(25,896 posts)
2. Who is surprised -- anyone? Anyone at all?
Thu Aug 13, 2020, 01:27 PM
Aug 2020



Trump’s Postmaster General Louis DeJoy and his wife, Aldona Wos, nominated to become our ambassador to Canada, own between $30 million and $75 million of assets in competitors to the US Postal Service. No problem there, right?


Conflict of interest and grift: GOP standard operating procedure.

Frustratedlady

(16,254 posts)
4. Wasn't the House going to call in the Postmaster for an explanation?
Thu Aug 13, 2020, 01:35 PM
Aug 2020

IMSMC, it was scheduled for Sept., but I think it should be moved up before he walks off with the whole USPS.

 

Wellstone ruled

(34,661 posts)
5. So DeJoy via XPO have Haulage Contracts with USPS?
Thu Aug 13, 2020, 01:51 PM
Aug 2020

Understand XPO is also the major Haulage Contractor for Koch Industries Paper Division.

During peek season,the Post Office will Contract with Private Freight Haulers to haul package's to and from Mail Sorting Stations. As well as Bulk Mailers,box holders or what we call junk mail.

 

StarfishSaver

(18,486 posts)
7. I have a feeling this guy's days are numbered
Thu Aug 13, 2020, 02:18 PM
Aug 2020

Every now and then even Trumpsters diehard can't hang on.

See, e.g., Scott Pruitt

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