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J.P. Morgan makes billions in profits from food stamps every year

 
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User ID: 19388961
Canada
07/16/2012 10:45 PM

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J.P. Morgan makes billions in profits from food stamps every year
Republicans often complain about the cost of food subsidization for the poor, but the reality is some of their biggest and most powerful constituents are profiting from SNAP, aka Foodstamps, in several sinister ways. The total budget for The Supplemental Nutrition Assistance Program is $72 billion a year.

A bombshell report by eatdrinkpolitics.com tells the not so difficult to believe tale of how big businesses lobby heavily in Washington, D.C. to keep the food that can be bought through food assistance programs unhealthy and cheap, while mega banks like J.P. Morgan literally skim billions off the top by forming payment processing agreements for all now electronic transactions.

[link to www.examiner.com]
--"In this era of great big brains anything that can happen will. So hunker down." -- Kurt Vonnegut, JR. -- Galapagos.
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07/16/2012 10:52 PM
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Re: J.P. Morgan makes billions in profits from food stamps every year
So that's why Obongo and friends were promoting food stamp parties!

[link to www.bloomberg.com]
JPMorgan Employees Join Goldman Sachs Among Top Obama Donors
By Jonathan D. Salant - Mar 20, 2012 9:01 PM PT

President Barack Obama’s largest campaign donors last month included employees of Wells Fargo & Co., (WFC) JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), according to an analysis of Federal Election Commission records.
Their support indicates that Wall Street, which gave Obama $16 million for his successful 2008 White House run, is opening its checkbook again for the president. The contributions helped Obama raise $21 million in February, including $6.5 million transferred from a joint fundraising committee with the Democratic National Committee.
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07/16/2012 11:23 PM
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Re: J.P. Morgan makes billions in profits from food stamps every year
Bumpie
Factual Error

User ID: 19116606
United States
07/17/2012 12:06 AM

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Re: J.P. Morgan makes billions in profits from food stamps every year
So that's why Obongo and friends were promoting food stamp parties!

Like the republicans ever did anything to curb the growth of foo' stamps.

Both parties are pawns of their wall street masters.

But it's all Obama's fault.

putin
Not intended to be a factual statement.

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