Ever wonder who is processing the transactions of the record 43.2 million member food stamp program?
Yup, you guessed it. JP Morgan.
You couldn't make this stuff up. So after ruining an economy by placing bets on trillions of dollars of worthless derivatives, forcing the government (people) to bail you out at gunpoint, getting endless amounts of money from the Fed at almost zero interest and front-running said Fed in the Treasury market and making billions in profits for literally nothing, JP Morgan wants to benefit from the growing misery and hunger of the US population?
I actually feel sick. This is a dangerous precedent that aligns corporate interests of profit-making with an increase in poverty among the people.
Below is an excerpt from the Economic Collapse post:
More from Economic Collapse:
JP Morgan is the only one today still operating public-assistance call centers overseas. The company refused to say which states had calls routed to India and which ones had calls stay domestically. That decision, the company said, was often left up to the individual states.