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JP Morgan Reaps Huge Profits From Rise in Food Stamp Use

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Truth2Tell Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-14-10 01:15 PM
Original message
JP Morgan Reaps Huge Profits From Rise in Food Stamp Use
Edited on Thu Jan-14-10 01:18 PM by Truth2Tell
 
Run time: 04:39
https://www.youtube.com/watch?v=Gl6sPabt9Fw
 
Posted on YouTube: January 09, 2010
By YouTube Member:
Views on YouTube: 0
 
Posted on DU: January 14, 2010
By DU Member: Truth2Tell
Views on DU: 734
 
Christopher Paton of JP Morgan from Chicago speaks to Bloomberg Television... JP Morgan is the largest processor of food stamps in the country. JP Morgan administers food stamp programs for over 25 states, and with US losing 85,000 jobs in December alone, this seems to be rather a lucrative business.

Wreck the economy then reap the benefits. What a racket.
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tabatha Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-14-10 01:19 PM
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1. I loathe CHASE.
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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-14-10 01:34 PM
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2. they handle the food stamp program for Atlanta
I think the government needs to re-think these contracts and give the business to LOCAL banks.
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-14-10 01:38 PM
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3. Talk about inviting the fox into the hen house.... How long has JP Morgan
been on both sides of the receiving line?
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