News@lemmy.world · 2 months ago

Wells Fargo Is Plotting to Privatize the Post Office

jacobin.com

cross-posted to:
brainworms@lemm.ee

767

Wells Fargo Is Plotting to Privatize the Post Office

jacobin.com

return2ozma@lemmy.world to

News@lemmy.world · 2 months ago

cross-posted to:
brainworms@lemm.ee

A newly released memo from the banking giant Wells Fargo outlines a predatory scheme to dismantle the USPS: sell off profitable parts, slash union jobs, and raise prices by up to 140 percent.

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chonkyninja@lemmy.world
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2 months ago
What? Wells Fargo was founded in 1852.
- DrFunkenstein@lemm.ee
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  2 months ago
  Wachovia was a smaller bank that got bought out by Wells Fargo, iirc it was during the 2008 recession

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