Happy Hour News
This story is as much a coinkydink as Rand Paul’s wife buying up Covid-19 medicine stock:
Postmaster General Louis DeJoy purchased up to $305,000 in bonds from an investment firm whose managing partner also chairs the U.S. Postal Service’s governing board, the independent body responsible for evaluating DeJoy’s performance.
Between October and April, DeJoy purchased 11 bonds from Brookfield Asset Management each worth between $1,000 and $15,000, or $15,000 and $50,000, according to DeJoy’s financial disclosure paperwork. Ron Bloom, a Brookfield senior executive who manages the firm’s private equity division, has served on the postal board since 2019 and was elected its chairman in February…
“I’m stuck on DeJoy’s purchase of bonds from the company in which his quasi-boss is a managing partner,” said Kathleen Clark, a law professor who studies government ethics at Washington University in St. Louis, “because I wonder whether it affects Bloom’s ability to protect the public interest in his assessment of DeJoy’s performance as postmaster general.”
Sort of like buying all the Girl Scout Cookies that your boss’ daughter brings into the office, innit?