As Helium has noted, "in accounting terms, liquidity is different than being bankrupt. On paper, the USPS is a considerably wealthy organization, with a massive pool of assets: offices, mail handling facilities, one of the largest vehicle fleets in the world, and so on. In practice, however, thanks to service obligations and political limitations, much of this pool of assets cannot actually be sold off to raise cash. This is why the USPS refers to a liquidity problem: it is far from broke financially, but it does not have assets which can be converted into cash fast enough to meet its upcoming obligations." Read the full story here.
From postcom.org
From postcom.org
