The Next Big Bailout: The US Postal Service

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Wed, 11/17/2010 - 15:01 | 734951 dick cheneys ghost
dick cheneys ghost's picture

dont touch my "junk"

Wed, 11/17/2010 - 16:13 | 735293 Miss Expectations
Miss Expectations's picture

I junked you.  Was I supposed to ask first?

Wed, 11/17/2010 - 15:14 | 734957 Spalding_Smailes
Spalding_Smailes's picture

LEeeeOoo  ...? Has anyone seen Leo ? He told me to buy the dip yesterday ... "SOL"

ReneSola Ltd. (ReneSola) is a manufacturer of solar wafers and producer of solar power products based in China.

They are down another 7% today ...?Hmmmmm 33% in 9 days :-(

LDK - 4%

TSL - 4.3%

JASO - 3.3%

WTF ???


by Leo Kolivakis
on Tue, 11/16/2010 - 17:46



My ass is fine, sold some after earnings, and bought more today. Options expire this week. Do yourself a favor and buy some of these Chinese solars. I'll even spoonfeed you some tickers to keep an eye on: SOL, LDK, TSL, YGE, JASO, and SOLF. If you're not in solars, you're missing the ride of your life! Solar bitchez all the way! LOL!

Wed, 11/17/2010 - 15:31 | 735085 ZackAttack
ZackAttack's picture

SOLF... that doesn't look like a lot of SolarFun to me. That looks like SolarPain to me.

You know perfectly well what's going to happen here. When the subsidies get cut off, these will wind up like the ethanol stocks.

Wed, 11/17/2010 - 16:16 | 735301 Cruel Aid
Cruel Aid's picture

Headwinds: Oil dropping currently/Carbon Exchange CCX dead. It needs to go lower. I was in love with TSL for a while there, but left her while the getting was good.

Wed, 11/17/2010 - 15:04 | 734961 tmosley
tmosley's picture

Why do we need a first class mail monopoly again?

Wed, 11/17/2010 - 15:11 | 734988 idea_hamster
idea_hamster's picture

Originally, there was a significant 4th Amendment advantage to sending written matter by first class mail -- prosecutors needed a full-fledged probable-cause judicial warrant to search first class mail, whereas postcards and FedEx (all third class, IIRC) needed a much lower showing.

As for the meaning of that today?  Just ask the TSA, whose new slogan should be:

TSA: Free Govt Junk Rubz since 2010

Wed, 11/17/2010 - 16:01 | 735232 Divided States ...
Divided States of America's picture

US POSTAL cannot fail, I repeat, cannot fail. If it does, who will be sending out all the welfare checks to us?? Bailout is imminent.

Wed, 11/17/2010 - 16:16 | 735303 Miss Expectations
Miss Expectations's picture

Last year was the first time in my adult life that I didn't send out Christmas cards.  Between card cost and postage it would have set me back well over $100.00.

Thu, 11/18/2010 - 10:46 | 737528 RockyRacoon
RockyRacoon's picture

Wow!  You have a lot of friends/relatives.  Mine would have cost $12.50.


Wed, 11/17/2010 - 20:41 | 736373 Triggernometry
Triggernometry's picture

Are they hiring? My ex needs a job

Wed, 11/17/2010 - 15:16 | 734962 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bailout the government until the dollar or government itself goes belly up, then the zombie corpses (Coprorations) take over.  THE PLAN.  UPS and FedEx are licking their chops.

Wed, 11/17/2010 - 15:04 | 734963 Goldenballs
Goldenballs's picture

No doubt the Bosses are very well paid as usual.Love to know how their pay has increased in the last 10 years.

Wed, 11/17/2010 - 15:19 | 735029 Gene Parmesan
Gene Parmesan's picture

I'd be interested in seeing how all of the union members working for the USPS have been doing over that time.

Wed, 11/17/2010 - 15:31 | 735088 Goldenballs
Goldenballs's picture

Quite,especially like to know how many large profit making sevices within the organisation have been sold off over the last few years to the private sector.Easy to blame the employee,s if we don,t question the management or lack of it we have learned nothing recently.

Wed, 11/17/2010 - 15:06 | 734969 knukles
knukles's picture

Lick my stamp.

Thu, 11/18/2010 - 10:48 | 737531 RockyRacoon
RockyRacoon's picture

Oh, that's old fashioned.  Stamps are all self-adhesive now.

Where ya been?

Wed, 11/17/2010 - 15:08 | 734980 bob_dabolina
bob_dabolina's picture

There is something wrong here.

They deserve at least $60 p/hr.


Wed, 11/17/2010 - 15:13 | 734999 knukles
knukles's picture

Who?  Oh, you mean that one employee that's never at the counter during business hours. 

Wed, 11/17/2010 - 15:28 | 735070 bob_dabolina
bob_dabolina's picture

That guy deserves at least $80 p/hr

Wed, 11/17/2010 - 15:11 | 734987 midtowng
midtowng's picture

So postman, firefighters, schoolteachers, and the unemployed are what is wrong with America today.

Funny how the guys who actually run the country somehow manage to not get blamed.

Wed, 11/17/2010 - 15:14 | 735013 Cdad
Cdad's picture

What the fuck are you talking about?  Who do you think facilitated these ridiculous pay and retirement packages?

The postman, the firefighter, the school teacher the unemployed, along with our f'n bureacratic slugs, ARE ONE AND THE SAME!

Wed, 11/17/2010 - 15:18 | 735027 Goldenballs
Goldenballs's picture

Poor Management is to blame for nearly every problem toay.

Wed, 11/17/2010 - 15:20 | 735037 economessed
economessed's picture

And the root cause of poor management is non-existent leadership....

Wed, 11/17/2010 - 15:32 | 735094 tmosley
tmosley's picture

And the cause of non-existent leadership is a system where those making economic decisions are spending other people's money rather than their own.

Wed, 11/17/2010 - 15:45 | 735156 cosmictrainwreck
cosmictrainwreck's picture

WOW - tmosley...bullseye!

Wed, 11/17/2010 - 18:15 | 735959 economessed
economessed's picture


Thu, 11/18/2010 - 10:49 | 737538 RockyRacoon
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It goes all the way to the top.  The Postmaster General is an appointed position.

Wed, 11/17/2010 - 15:54 | 735199 ColonelCooper
ColonelCooper's picture


The fact that you'd even come up with a statement so asinine is simply stunning.

Wed, 11/17/2010 - 16:01 | 735228 financeguru500
financeguru500's picture

It's easy to sit here and point fingers as one institution after another needs bailing out. How about we start pointing fingers at the true cause of the failing economy, the baby boomers who didn't boycott when the mega corporations shipped all our jobs overseas.

I was born in the 80's and so im shit out of luck I guess. We were past the point of no return before I even knew what was going on.

So if were going to blame anyone, I blame the people who during the 70's and 80's did nothing to prevent our current situation.

Wed, 11/17/2010 - 16:10 | 735273 Bam_Man
Bam_Man's picture

They just wanted the $29 DVD player.

Wed, 11/17/2010 - 21:18 | 736450 Uncle Remus
Uncle Remus's picture

I was born in the 80's and so im shit out of luck I guess.

Yeah, that pretty much sums it up.

Thu, 11/18/2010 - 10:53 | 737549 RockyRacoon
RockyRacoon's picture

Ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha!

Born in the 80s.   How quaint.   I had 2 kids in school by the 80s.

Ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha!

Sorry, can't help myself. 

While you were at it, did they teach you that "80's" is not correct?  How about proper capitalization?  Oh, never mind.  You're screwed all right, and it ain't my fault.  When you look in the mirror in the morning you're seeing the problem.

Wed, 11/17/2010 - 15:13 | 735002 ZeroPower
ZeroPower's picture

Wow you'd think all those shitty ebay items being packaged and shipped would save them?

Wed, 11/17/2010 - 15:28 | 735066 sourgrapesson
sourgrapesson's picture

Strangely enough the only shitty ebay item I have ever received came from Canada.......

Wed, 11/17/2010 - 15:28 | 735067 sourgrapesson
sourgrapesson's picture

Strangely enough the only shitty ebay item I have ever received came from Canada.......

Wed, 11/17/2010 - 15:45 | 735154 Fraud-Esq
Fraud-Esq's picture

direct marketing is the first budget cut. 

Recessionary numbers, lean years...

Wed, 11/17/2010 - 15:13 | 735003 buzzsaw99
buzzsaw99's picture

Anyone who can lose money like that deserves a bonus. Bailout = double bonus.

Wed, 11/17/2010 - 15:14 | 735006 TruthInSunshine
TruthInSunshine's picture


Wed, 11/17/2010 - 15:32 | 735091 aheady
aheady's picture


Wed, 11/17/2010 - 15:14 | 735007 Joe Davola
Joe Davola's picture

I don't know how Tyler pulled this off, but the ad Google is serving up at the top of my page view is to apply for local mail clerk jobs!

Wed, 11/17/2010 - 16:17 | 735310 centerline
centerline's picture

"Going postal" has a whole new meaning now.

Wed, 11/17/2010 - 15:16 | 735020 Rainman
Rainman's picture

USPS has over 400,000 union members.....?? Taxpayers are seriously fucked.

Public sector employees should never have been allowed to organize into unions anywhere in the USA. Politicians negotiating labor contracts on behalf of the taxpayer is a still-hidden economic disaster. USPS is just one of many examples.

Wed, 11/17/2010 - 15:34 | 735103 NOTW777
NOTW777's picture

you r talking about the base of the dem party

this is how we get obama, pelosi, reid, frank, et al

Wed, 11/17/2010 - 15:18 | 735023 Clark_Griswold ...
Clark_Griswold Hedge Mnger's picture

I think they should pay the post office people the same that they pay our front line soldiers; get a few marine drill sargents in there, so they can have proper weapons training...

Wed, 11/17/2010 - 21:19 | 736453 Uncle Remus
Uncle Remus's picture

The last fucking thing this country needs is trained brownshirts...

Wed, 11/17/2010 - 23:29 | 736750 Clark_Griswold ...
Clark_Griswold Hedge Mnger's picture

read sarcasim

Wed, 11/17/2010 - 15:22 | 735046 jag
jag's picture

How many individuals or businesses need six days of common mail delivery a week?

You could cut it to 3 days for households and no one would be affected a whit. How many individuals get ANY routine checks in the mail? Even my 90 year old mother has her pension and social security direct deposited.And what is the need for anyone to recieve anything other than a check delivered in a timely fashion?

Even assuming you found those handful of people who somehow actually needed such intense delivery wouldn't it be far cheaper simply to accomodate them, individually, instead of continuing to deliver intensely to the 99.9% who don't need or care for such "service"?

If anything epitomizes the hysterical stupidity of government managed "operations" the post office is it. 


Wed, 11/17/2010 - 16:04 | 735250 RmcAZ
RmcAZ's picture

There should be an option to opt out of standard mail delivery... but the problem with this is that everyone would opt out, and then there would be no market for junk mail anymore. I believe the only reason the USPS even exists is because of junk mail. That is all I get. Everything else is done online. Any packages I get either come from UPS or Fedex.

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