JPMorgan is the largest servicer of food-stamps in the U.S., offering benefit cards in 26 states. As Mary Bottari wrote for AlterNet, “The firm is paid per customer. This means that when the number of food stamp recipients goes up, so do JPMorgan profits.”
Bottari adds: “JPMorgan is taking its responsibility to keep the U.S. unemployment rate high by offshoring the servicing of many of these contracts to India, according to ABC News.”
But wait...it gets even worse.
JPMorgan was the recipient of $25 billion worth of taxpayer bailout, and its CEO, Jamie Dimon, took home $17 million in compensation last year.
Hey RepubliCons!!
This is why the private industry cannot be trusted to solve America's problems.
IF THEY CAN MAKE MONEY OFF OF THE DESTRUCTION OF THE ECONOMY THEN THAT IS EXACTLY WHAT THEY WILL DO. Only Regulations keep these crooks in place. Of course, RepubliCons are against regulation.
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