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Hoyt

(54,770 posts)

6. Like helping the PO. But, I'm not sure that really does it. In 2015, the USPS only made about

Reply to lastlib (Original post)

Tue Aug 4, 2020, 04:56 PM

Aug 2020

$1.7 Million on the "float" on money orders.

Interest rates were a lot higher then. So unless somebody here has some billionaire friends -- willing to tie all their money up in money orders for a long time -- not sure it will help much. But, better than nothing I guess.

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If you have extra cash in savings...... [View all] lastlib Aug 2020 OP

Great idea! Dennis Donovan Aug 2020 #1

Great idea! I'll send my husband on a mission to do this for us! redstatebluegirl Aug 2020 #2

Nice idea but, Disaffected Aug 2020 #3

If personal checks have a six-month shelf life, what about MOs? CaptYossarian Aug 2020 #4

Hang on. Is the USPS problem cash flow or trumpy management? NightWatcher Aug 2020 #5

They have cash-flow probs due to the onerous law lastlib Aug 2020 #10

Like helping the PO. But, I'm not sure that really does it. In 2015, the USPS only made about Hoyt Aug 2020 #6

The point of it is giving USPS operating cash, more than "float". lastlib Aug 2020 #8

I can see them investing it, but not spending what is an liability/obligation. Hoyt Aug 2020 #11

The obligation to repay is a short-term liability, lastlib Aug 2020 #13

So, they run through the cash, then a bunch of folks redeem their money orders. Hoyt Aug 2020 #14

So not only do you not make money but you have to pay for the jimfields33 Aug 2020 #7

Wouldn't claim it's a good investment-- lastlib Aug 2020 #9

That doesn't help that much. fescuerescue Aug 2020 #12

See post #13. lastlib Aug 2020 #15

love this our son is a letter carrier gopiscrap Aug 2020 #16