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Wrinkles found in Postal Service pact Deal signed, sealed, delivered to Goldman
Washington Times ^ | 07/18/2010 | Jim McElhatton

Posted on 07/19/2010 10:58:45 AM PDT by Pining_4_TX

When the U.S. Postal Service's top marketing officer agreed to hire Goldman Sachs nearly two years ago without a written contract, top executives inside postal headquarters scrambled to make the unauthorized deal square with postal procurement rules.

But the no-bid contract they eventually awarded to Goldman Sachs was backdated and was for the wrong kinds of services: The company was hired under a banking services agreement, but Goldman Sachs' postal work didn't have anything to do with banking, records show. And the idea to hire the banking giant came from a top former postal executive who also served on the board of directors for a company where Goldman Sachs was a big investor.

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TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS: corruption; cultureofcorruption; democratcorruption; goldman; obamacorruption; postalservice

1 posted on 07/19/2010 10:58:49 AM PDT by Pining_4_TX
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To: Pining_4_TX
Ever unraveling story. Eventually this guy is going to jail.

His mistake was thinking of the Postal Inspectors and the Postal Inspector Generals office as being kind of like building guards.

2 posted on 07/19/2010 2:28:07 PM PDT by muawiyah
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To: muawiyah

I keep wondering where all the investigators have gone. Why isn’t this a big deal? Crooked Democrats (redundant, I know) get away with everything. It’s enough to make me pull my hair out. Where is the justice?

3 posted on 07/19/2010 6:36:40 PM PDT by Pining_4_TX
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