A recent memo from Wells Fargo reveals plans to privatize the United States Postal Service (USPS), which could lead to significant job losses, service cuts, and drastic rate increases. The proposal has drawn criticism, prompting senators to advocate for USPS's independence. Despite concerns about legislative challenges and strong public support for USPS, the bank has strategies to navigate these hurdles, including using a reconciliation bill for easier passage and undermining unionized labor. This plan ties back to Wells Fargo's historic roots in mail delivery, as it looks to capitalize on the postal service's operations.
The Wells Fargo memo reveals a detailed plan for privatizing the USPS, which risks significant job cuts, service reductions, and increased rates for consumers.
Despite anticipated legislative hurdles, Wells Fargo believes it can maneuver around public opposition by pushing a reconciliation bill and undermining union power.
Collection
[
|
...
]