JP Morgan profiting off hungry Americans Newsreel short: 3:30 Russia Today on poverty in New York Today.
“Yes it pisses me off that every time I use my debit card, JP Morgan make a little money off my transaction. JP Morgan is responsible for the fact that I’m unemployed. So it doesn’t surprise me that every aspect of this program and everything has been privatized.” - JP Morgan Food Stamp victim.
JP Morgan Chase provides food stamp debit cards in 26 states and the District of Columbia. The firm is paid per customer (victim), and in the state of Indiana, JP Morgan earns 186-thousand dollars per month for its food debit card service. Critics say JP Morgan is making a fortune off American poverty.
“As long as the unemployment rate remains high. As long as families are struggling… there’s sorta this perverse incentive for JP Morgan Chase to continue to benefit off of high unemployment because in many states they’re actually off-shoring the jobs related to processing the food stamps,” said Mary Bottari, Director of the Real Economy Project at the Center of Media and Democracy.
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑
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