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Forum Post: The More Americans That Go On Food Stamps The More Money JP Morgan Makes

Posted 12 years ago on Oct. 7, 2011, 6:26 p.m. EST by powertothepeople (1264)
This content is user submitted and not an official statement

Very interesting article:

http://theeconomiccollapseblog.com/archives/the-more-americans-that-go-on-food-stamps-the-more-money-jp-morgan-makes

Also: BOA provides debit cards for unemployment benefits, recipients have no choice and are charged fees for withdrawals and for calling customer service.

New Jersey (and other states) have the child support collection system on debit cards too.

Banks continue to profit from your misfortune. No matter how bad the recession gets for workers, the big banks will still get their profit, paid for by the government and you the taxpayer.

6 Comments

6 Comments


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[-] 2 points by BadAss0830 (68) 12 years ago

Isn't funny that when we want the government to step in and protect us against industry everyone screams socialism and communism, but industry has a free ticket into the working of government?

[-] 1 points by powertothepeople (1264) 12 years ago

That's right. People don't want to see the government "create jobs" but they have no problem with the government creating profit opportunities for banks.

[-] 1 points by thebeastchasingitstail (1912) 12 years ago

They get their little tithe any way they can, from every dollar we spend.

[-] 1 points by BadAss0830 (68) 12 years ago

Hypocrisy! Plain and simple.

[-] 1 points by littleg (452) 12 years ago

Visa and Master card are the monopoly corporations who suck their share of every business transaction like parasites. They should be nationalized immediately.

[-] 1 points by futurenow (6) 12 years ago

If the banks where nationalized then they wouldnt be able to prifit over these things