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The More Illegal Immigrants That Go On Food Stamps The More Money JP Morgan Makes

Greed - Photo by J. Solana from Madrid, SpainRecently uncovered documents prove that the Obama administration has been working with the Mexican government to increase the number of illegal immigrants on food stamps, and when more illegal immigrants go on food stamps JP Morgan makes more money.  As you will read about below, JP Morgan has made at least 560 million dollars processing Electronic Benefits Transfer cards.  Each month, JP Morgan makes between $.31 and $2.30 for every single person on food stamps (and that does not even include things like ATM fees, etc).  So JP Morgan has a vested interest in seeing poverty grow and the number of people on food stamps increase.  Meanwhile, the Obama administration has been aggressively seeking to expand participation in the food stamp program.  Under Obama, the number of people on food stamps has grown from 32 million to more than 47 million.  And even though poverty in America is absolutely exploding, that apparently is not good enough for the Obama administration.  It has now come out that the U.S. Department of Agriculture has provided the Mexican government with literature that actively encourages illegal immigrants to enroll in food stamps.  One flyer contains the following statement in Spanish: "You need not divulge information regarding your immigration status in seeking this benefit for your children."  The bold and the underlining are in the original document in case you were wondering.  Overall, federal spending on food stamps increased from 18 billion dollars in 2000 to 85 billion dollars in 2012, and at this point one out of every five U.S. households in now enrolled in the food stamp program.  When people illegally or fraudulently enroll in the food stamp program, it makes it harder for those that desperately need the help to be able to get it.

It is certainly a good thing to help fellow Americans that are suffering.  It is a crying shame that more than a million public school students in America are homeless.  That should not be happening in the "wealthiest nation on earth".

But today we have a system that has turned poverty into big business.  According to an article posted on Breitbart.com, JP Morgan has made at least 560 million dollars (and probably much more) processing EBT cards...

A new report by the Government Accountability Institute finds that JP Morgan has made at least $560,492,596 since 2004 processing the Electronic Benefits Transfer (EBT) cards of 18 of the 24 states it has under contract for the food stamp program.

A Daily Beast article provided some more specifics about the monster profits that JP Morgan is making...

Just how lucrative JP Morgan’s EBT state contracts are is hard to say, because total national data on EBT contracts are not reported. But thanks to a combination of public-records requests and contracts that are available online, here’s what we do know: 18 of the 24 states JP Morgan handles have been contracted to pay the bank up to $560,492,596.02 since 2004. Since 2007, Florida has been contracted to pay JP Morgan $90,351,202.22. Pennsylvania’s seven-year contract totaled $112,541,823.27. New York’s seven-year contract totaled $126,394,917.

These contracts are transactional contracts, meaning they are amendable based on changes in program participation. Each month, the three companies that administer EBT receive a small fee that can range from $.31 to $2.30 (or higher depending upon the number of welfare services on an EBT card and state contractual requirements) for each SNAP recipient.

So the more people that are out of work and that need to turn to the government for food, the bigger profits that JP Morgan makes.

What makes all of this even more insulting is that many of the jobs that JP Morgan could be providing to Americans to help alleviate this poverty are being shipped overseas instead.  As I noted in a previous article, many EBT card customer service calls are being routed to call centers in India by JP Morgan.

So why doesn't anyone do anything about this?

Well, it turns out that JP Morgan has the politicians that oversee the food stamp program in their back pocket.  The following is from a recent Money Morning article...

And the bank has taken steps to make sure the SNAP program remains a growing source of revenue. JPMorgan's political donations to the members of House and Senate agricultural committees, the ones with legislative responsibility for the program, soared from just over $82,000 in 2002 to nearly $333,000 as of 2010.

What a wonderful system we have, eh?

And surely JP Morgan just loves the fact that the Obama administration is actively encouraging illegal immigrants to apply for food stamps.

What you are about to read should absolutely shock you.  At a time when the U.S. government is absolutely drowning in debt, the Obama administration is making it abundantly clear to illegal immigrants that their immigration status will not be checked when they apply for food stamps.  The following is from a recent Judicial Watch press release...

Judicial Watch today released documents detailing how the U.S. Department of Agriculture (USDA) is working with the Mexican government to promote participation by illegal aliens in the U.S. food stamp program.

The promotion of the food stamp program, now known as “SNAP” (Supplemental Nutrition Assistance Program), includes a Spanish-language flyer provided to the Mexican Embassy by the USDA with a statement advising Mexicans in the U.S. that they do not need to declare their immigration status in order to receive financial assistance.  Emphasized in bold and underlined, the statement reads, “You need not divulge information regarding your immigration status in seeking this benefit for your children.”

The documents came in response to a Freedom of Information Act (FOIA) request made to USDA on July 20, 2012.  The FOIA request sought: “Any and all records of communication relating to the Supplemental Nutrition Assistance Program (SNAP) to Mexican Americans, Mexican nationals, and migrant communities, including but not limited to, communications with the Mexican government.”

The documents obtained by Judicial Watch show that USDA officials are working closely with their counterparts at the Mexican Embassy to widely broaden the SNAP program in the Mexican immigrant community, with no effort to restrict aid to, identify, or apprehend illegal immigrants who may be on the food stamp rolls.

You can see a copy of the flyer right here.

So who pays for all of this?

You do of course.

The Obama administration is doing all that it can to promote illegal immigration, and big banks such as JP Morgan just make bigger profits the more illegal immigration that we see, but it is you and I that end up with the bill.  This was put beautifully in a recent article by Mike Adams of NaturalNews.com...

Nearly $75 billion of taxpayer money is spent each year on federal food stamps, and it turns out some of that is alarmingly being handed out to illegal immigrants -- people who contribute nothing to the federal tax base in America but who seem to be experts on collecting social welfare benefits of all kinds. If you are working for a living, you are buying food for illegals who are being actively recruited by Obama and the democratic party so that they will vote more democrats into office.

When we reward illegal immigration, what happens?

That's right - we are just going to get even more illegal immigration.

According to WND, we have already started seeing a huge increase in illegal immigrants coming across the border since Congress began debating the amnesty bill...

Illegal border crossings have doubled, and possibly even tripled, since the latest congressional push began toward comprehensive immigration reform.

In reporting first published by Townhall.com’s Katie Pavlich, border patrol agents in the Tucson/Nogales sector claim illegals are coming here in much higher numbers in just the past few months.

“We’ve seen the number of illegal aliens double, maybe even triple since amnesty talk started happening,” an unnamed border agent said to Townhall. The data from Customs and Border Protection cited in the report shows 504 illegals were detected crossing in that sector between Feb. 5 and March 1. Only 189 were caught on camera, and just 174 of the 504 were apprehended. Of those spotted on camera, 32 were carrying huge packs believed to contain drugs and several were heavily armed.

If that bill is passed, it is being projected that it will bring 33 million more people into this country...

The pending Senate immigration bill would bring a minimum of 33 million people into the country during its first decade of operation, according to an analysis by NumbersUSA, a group that wants to slow the current immigration rate.

By 2024, the inflow would include an estimated 9.2 million illegal immigrants, plus 2.5 million illegals who arrived as children — dubbed ‘Dreamers’ — plus roughly 3.4 million company-sponsored employees with university degrees, said the unreleased analysis.

The majority of the inflow, or roughly 17 million people, would consist of family members of illegals, recent immigrants and of company-sponsored workers, according to the NumbersUSA analysis provided to The Daily Caller.

We have made legal immigration a complete and total nightmare while leaving the back door completely wide open at the same time.

We greatly punish those who are trying to do things legally while at the same time we are greatly rewarding those that are cheating the system.

What kind of sense does that make?

Shouldn't we insist that everyone come in through the front door?

Those that are coming over our borders illegally know what the score is...

Linda Vickers, who owns a ranch in Brooks County, which is Ground Zero for the immigration debate, pins the blame directly on talk of 'amnesty' and a 'path to citizenship' for people who entered the U.S. illegally.

She recalls one man being arrested on her ranch not long ago.

"The Border Patrol agent was loading one man up, and he told the officer in Spanish, 'Obama's gonna let me go'."

Border Patrol agents report that immigrants are crossing the border, and in some cases surrendering while asking, “Where do I go for my amnesty?”

We are already becoming a poverty-stricken nation.  We simply can't afford to feed millions upon millions of illegal immigrants as well.

As I write this, the U.S. national debt is $16,758,107,082,298.63.

We now have a debt to GDP ratio of about 105 percent.

In the United States today, the amount of money that is deposited in our banks is about 9.3 trillion dollars.  If we took every penny of that and used it to pay off the national debt, we would still owe more than 7 trillion dollars.

We are stealing more than 100 million dollars from future generations of Americans every single hour of every single day to pay our bills, and yet everyone seems to think that this is "normal" somehow.

The truth is that what we are doing is absolutely criminal, and we should all be ashamed.

For much more on our exploding national debt, please see the following article: "55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know".

In the end, it should be apparent to everyone that our system is failing.  Our government is corrupt, our big banks are consumed with greed and most average Americans are so addicted to entertainment that they have absolutely no idea what is going on.

What would those that bled and died for this country think about what we have become today?

JP Morgan Chase Tower - Photo by Krzykol

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  • markthetruth

    I’m guessing you just show up with any name and with no ID or Question except how many children(quantity up to 8). My wife speaks Spanish maybe I’ll have her go down and just speak broken English and get Stamps for my kids.

    the end…

    • markthetruth

      Go figure ! Sequester , they cut
      one of the most important positions of government Jobs FAA Air Traffic
      Controllers just to be ” SPITEFUL ” and put American lives in danger ”
      , Mean while their baiting Mexican’s over the border with ” FREE FOOD ”
      increasing spending.

      ” America Either Stand UP Now or Bend Over Later ” because it’s Going to Hurt. OOOCH. !

      the end…

      • kathyk

        What”s even better mark Congress just Unsequestered the air traffic controllers because it was interfering with their flights. Go figure if it inconveniences them they can fix it right away. Then they took a break.

      • DownWithLibs

        I believe this falls under the moniker of “Make it Hurt”!

      • fgbouman

        Seems you have no understanding of how the sequester was designed… it was designed to do stupid, hurtful things in order to get Congress to do something actually productive. Silly idea… your local representatives care about nothing except their personal self-interest. Furloughing Air Controllers was done because it was the law, not out of spite.

  • Jodi

    Oh, but not worries, I’m sure if the amnesty bill doesn’t pass BO will sign an executive order just like gun control.

    • DownWithLibs

      He may even assign a new Czar to this one!

    • fgbouman

      And which gun control executive orders did he sign that bother you so much?

  • RICHARD

    This is amazing, almost 48 million people on food stamps. Could you imagine what the nightly news would look like if we had soup kitchens like they did during the great depression.

    • B T

      Yes, the line would be 18,000 MILES long and extend from NYC to LA and be 7 people wide. It is hidden with the plastic card called ‘food stamps’.

      • jaxon64

        exactly…if we didn’t have “snap” ebt cards but instead people had to get in lines for the free food, well we would already be rioting and in revolution. Nobody would be buying the MSM and politico lies about recovery if dirty, malnourished and barefoot kids were seen by the millions lining up to get food to survive.
        The masses are in denial–the TV’s, sports and elctronic gizmos and social medias may be distractions–but they may also be mechanisms for people who REALLY DO know wht is happening-and with these distractions they can pretend it doesn’t exist.

        • JustanOguy

          Meanwhile… Some NBA has been just announced he was Gay and it’s all over the news.

  • Rodster

    Cloward and Piven, round 2.

  • B T

    If you think that they have given up on the North American Union, you are wrong! The process has been gaining speed but not told to the public. Recently, all kinds of agreements and treaties have been signed with both Canada and Mexico to make the borders even more transparent. The banks own America. And they want the cheap Mexican labor and the natural resources of Canada. Be patient, the Amero is coming.

    • fgbouman

      If the drug cartels could be vanquished, a North American Union would be a good thing. But it isn’t in the cards… No one wants to give up their private fiefdoms.

  • K

    Yes the corruption in D.C. is beyond awful. And yes most of the rich, have a sickening level of greed. But basically it is all about control. Each week they grab more control, and nobody stops them. So they grab even more control, and idiots applaud them. You say entertainment keeps them distracted, so they do not know what is going on. I believe they have made a conscious decision, to not know what is going on. There is a name for people who do not believe in anything, who have never been willing to take a stand when needed. That name is coward.

    • Ayn Rand

      In many ways, the cowards secretly wish they could be brave… but they are just too cowardly. They want to be like us. They want to fight for what is right. But they are simply so easy to bully into submission that they do not. I think many will make a stand once the Sh*t hits the fan. I think many will understand that they must fight or die. But I fear many will go over to the dark side as well…

      • http://www.facebook.com/people/John-Smith/100003537437741 John Smith

        If they go over then they’ll die as well Ann.

      • JustanOguy

        The more that cite actual corruption will bring along more followers…

    • Mustard Seed

      Those millions of people relying on food stamps are the ones the
      government believes they are going to bury in all of those plastic
      coffins they are stockpiling near every major city. They keep printing
      money to keep the system going for as long as they can. BUT they know
      if/when it “crashes”, it is the end for anyone reliant on the government
      for their survival.Those cowards are going to become ravenously hungry hoards.

      • JustanOguy

        Lol… the actual REAL Cowards are those that keep paying their taxes.

    • markthetruth

      It’s More Like the Government hit the Middle Class with a Computer Like Hack ” Denial of Service ” We Pay but we Can’t get in the Door.

      the end…

    • JustanOguy

      And you’ve opened up your eyes to cite an example?

      You can complain all you want but until you cite something specific…. Falls on Deaf Ears.

      Michael,

      I’ve mentioned this in the past and I’m going to mention it again….
      Do a list check of all the items that qualify under the Food Stamp
      giveaway and how much the prices have gone up in the past couple of
      years for these items compared to items that do not “qualify”.

      Kraft along with some others are doing quite well…

      Then follow the donation trail…

      NOBODY with a credible following has brought this up so be the first one…

      And give me a hat tip once you see what I already know.
      ;)

  • Paul

    Obama should be impeached.

    • Bad_Mr_Frosty

      The whole stinking government should be put on trial for treason. 9 out of 10 would be found guilty.

      • Paul

        I agree 100% Mr Frosty. Sadly, there are not many ethical people in government these days.

    • Jodi

      Sadly, congress needs to grow a spine but nobody will do anything about this guy & continue to let him run amok.

    • fgbouman

      Name just one impeachable high crime or misdemeanor he has committed. Just one.
      Obama isn’t the problem. Narrowminded, uninformed, self-serving cretins are.

  • paul

    Way too many Americans want to keep up with the Joneses by purchasing a 90 inch flat screen with their credit card.

    People who need instant gratification, are afflicted with the Normalcy Bias, and blindly listen to propaganda the mainsteam media spews out will be blndside when the SHTF.

    • kathyk

      Exactly Paul just this morning on MSM the news anchor said ” The recession is over so why are women still using coupons & buying non name brand ?? Are you kidding me right now????

  • energizedmortal

    in 1776 you could get behind a tree and ambush the tyrants. Today, how
    can people oust global elite tyrants that can nuke and wipe out all the
    opposition in seconds? A super natural disaster that eliminates most
    technology could level the playing field but its a long shot. Imagine
    you were a global elite. All the changes the people in power have made, would you not be doing everything you could to
    not end up like the majority?

  • Stezie

    This whole situation seems very odd. The US has over 100 million
    people on welfare at this point, the national debt is spiraling out of
    control, unemployment is high, spending is out of control, the
    education system is suffering, and, overall, the entire economy is in
    decline. Yet, the Obama administration wishes to bring millions upon
    millions of illegals to this country, regardless of whatever
    implications it might have.

    One really has to wonder if the officials we elected even care anymore. That seems unlikely.

    P.S. The funny thing is, these officials don’t really care about these illegals; they only want their votes, and when that’s done with…

    • canncuk21

      Very good points. I suspect that it is now all too late in the day to hope for change. The ‘elite’ will hold onto power at any expense regardless of the cost to the US & Western public. Those in power, in China & Russia must be greatly pleased for such an easy victory. So what can the basic person do to survive. Pray & Prep….

    • dnhook

      They are trying to collapse the system. It’s working.

      • jax462

        exactly–people must realize the obvious–this is INTENTIONAL. It is not about feeding poor mexicans, it is about globalization and NWO. The USA as a soveriegn nation and super-power must end for the global elites to set up their dreams of a proletariat society.

        There can be no middle class in their plans and eventually there will be a huge decrease in population overall.

        If there are some who still believe in the repub vs Dem histrionics or that one side could save us–you are DREAMING. All of the elites further this agenda and it is 100% intentional–wake up. The world as it has existed for the past 100 years is coming to an end….I love America, the bright shining hope of the downtrodden worldwide–but she is no more.

        • Ayn Rand

          Very eloquently said. Agree one hundred percent.

      • fgbouman

        Who are “they”? Everyone in this country is complicit. Every time you buy something made in a low labor cost country such as China, you are contributing to the collapse. Think about it.

        • JustanOguy

          Actually I’m saving money to spend on something else..

          Think about it..

    • JustanOguy

      P.S. — They want their votes. Period.

  • stopthesocialism

    If Mexicans have a “civil right” to become citizens (as Atty. General Holder recently stated), why wouldn’t Chinese, Africans, Russians, etc.?

    Why not have the whole world come to the US and get free food, and a welfare check?

  • chilller

    Not a day goes by I don’t read something even more outrageous that Ovomit has done. We couldn’t have a POTUS more bent on the destruction of this country. Benedict Arnold can’t hold a candle to our dirtbag in chief…

    • DownWithLibs

      I would give you 1,000 up-arrows for that if I could. Ovomit!!! Brilliant!!!

    • fgbouman

      Just what would his motive for destroying this country be? Wake up and address the real problems, not the smallminded diversions that racists and xenophobes toss before you to keep you occupied.

      • JustanOguy

        Lol… destroying something when you have so much control means even more control.

  • Blackhawk

    As I mentioned some time ago around here, the target is to bring over 50% of the population on total dependency on government handouts. Once that target is achieved, the ones in power can implement whatever they want because they will have the majority’s support from all those they feed.
    Every single day passes in favour of TPTB reaping every shred of freedom that is still left.
    I think the day on which will have a society with zombie robots is not too far ahead.
    It is so sad that freedom loving people bite this pathetic bait!

    • http://twitter.com/jcfalzo the choker

      Well point, you hit it right on the head.How clever, they even let us police our people with everyone having a HD cell phone.Brain washed drones that what we are.

  • Jack Lohman

    Political corruption at the top. It is NOT going away until we start funding campaigns with public dollars. And that will take a near-100% turnover in 2014. And smarter voters.

    • Awake

      I thought last election had enough facts to turn things around. I thought that people would be out raged when President OBama blew off the attack in Bengazi and proceeded to yack it up on late night tv, while our young men died. They continue to ignore those who ask for answers. As a parent of one who proudly serves his country this is terrifing that the white house would blow off the crys for help. That anyone would cast a ballot with his name on it after the light was shone on this says so much about them. This article explains alot .

  • The European

    Dear American friends, many people like me in Europe are following with concern what is happening in your country.
    So I want to warn you about the danger over your country.
    I was born in Spain and fully understand the way of thinking of Hispanics in general and you must know that your nation is in serious danger.
    This people will destroy your country. Not because they were evil or have bad intentions.
    The problem lies in their cultural legacy. The hispanics act as parasites, legacy of its own history.
    When the Spaniards conquered America, behaved like parasites. They enslaved native Americans and ransacked the riches of america. They provided no progress, because was unnecessary to develop the conquered countries, as the riches were plentiful and easy to obtain.
    Spain received wealth without work, without developing any kind of progress, just sucking the blood of the conquered land.
    And this way of thinking has been recorded in the cultural DNA of the Spaniards and their American descendants.
    They have a tendency to take advantage of progress which have created others. As parasites.
    If you think that I am exaggerating, just see how are former Spanish colonies. Very rich in resources, but poor and corrupt countries. How can be this? This countries should be rich and prosperous, but no former Spanish colony is. Why?
    Because it’s a cultural problem.
    Illegal immigrants entering america have no bad intention. Simply, they are fleeing the poverty of their countries. If you have the opportunity of knowing some of them, surely they are like you.
    People with dreams and so much talent.
    But when they make a community, arises the cultural parasite within.
    And they are going to sink your country. If you don’t believe me, just look how is Latin America.
    I know what I mean. I’m catalan and catalans have been suffering this way of thinking for centuries.

    Good luck America, you will need to.

    • Orange Jean

      Thanks for your honesty! I lived in Southern CA for a number of years and have certainly noticed this… including, asking myself why so many Mexicans are so poor… when the country has so many riches.

      In particular, my concern stems from the fact that apparently the Mexican government teaches it’s people that the US “stole” the southwestern US from Mexico; completely ignorning the fact that (with the exception of a very small part of Texas) it was purchased from Mexico, to pay off Maxmillian’s gambling debts. As to that small part of Texas, I understand we had a war (remember the Alamo)… and won.

      • http://www.facebook.com/robert.m.estrada Robert Manuel Estrada

        If we’re gonna be honest here, then let’s be honest. I’ll be the first to agree that I have gotten so angry at so many Hispanics that refuse to be ambitious and/or learn English. However, I must disagree on the above “spin” on history. Yes, much of the Southwest(California, Arizona, New Mexico, Utah, Nevada & Colorado) was purchased, but it was purchased at GUN POINT. Why did the war start? Because the Southern Americans had agreed to become Mexican Citizens, which included(amongst other things) NOT owning slaves. The immigrants refused to relinquish slavery which was a trigger for the violence which resulted in the Mexican War.. Maximillian was not even in power at the time. .

    • juanisaac

      Funny, Spaniards parasites. And the English are universally loved by the Native Americnans in the USA for taking their lands- the ones that are left. Let see, 300 broken treaties with the NAtives by the US government. Honorable indeed.

  • markthetruth

    Go figure ! Sequester , they cut one of the most important positions of government Jobs FAA Air Traffic Controllers just to be ” SPITEFUL ” and put American lives in danger ” , Mean while their baiting Mexican’s over the border with ” FREE FOOD ” increasing spending.

    ” America Either Stand UP Now or Bend Over Later ” because it’s Going to Hurt. OOOCH. !

    the end…

  • http://www.facebook.com/people/Joe-Palladino/100001624813101 Joe Palladino

    The crooks are in charge. It’s just that simple.

  • kathy k

    Every time I think about what this countries founding Fathers sacrificed for the freedoms we USED to enjoy ,it makes me so angry!!! The B#$%*/ in Washington & the big banksters will I pray, pay someday for there greed & power desires.

  • grumpyhillbilly

    Well I ‘m relieved to know that private enterprise is being enriched by a government program. Who says capitalism is dead? Can’t wait til the ponzi scheme collapses. It will be devastating but necessary.

    Well at least with the free food giveaway Mexico will be predominantly European by the time SHTF. The dark side of my brain gets a kick out of the descendants of the Conquistadors are doing some ethnic cleansing by exploiting our stupidity. Its wrong, but never the less brilliant on their part. Bet the border will be enforced by the Mexicans when things go ugly here.

  • jokyjo

    According to the US debt clock the number of people on food stamps is now 48,092,678. California’s population is 38,041,430. So, there are more people on food stamps than the entire population of California. If this does not scare you then go back to sleep. It never ceases to amaze me how some people still think everything is ok and we are in a “recovery”.
    I have to say that the media/propaganda machine is doing an excellent job at fooling a lot of people. I think that most people that visit sites like this one are awake and are preparing for the worst but we are most likely a very small minority of the country as a whole.
    Most people will not completely wake up to what is really going on around them until it is too late. All I can say is that it is imperative to continue to prepare as the coming S*** storm will be unbearable for many.

  • Pedro Paramo

    Americans deserve this and more, they have been blind to what has being going on since the late 50s. Thanks in part to their stupid tv shows and sports events, they want to keep you busy and ignored and dumb. Keep watching tv and voting for the same parties you dummies! And remember, when you pay your taxes you contribute to the violence and blood spilling your Military is creating around the world. US spends more than 50% of your taxes in Military.

    • jaxon64

      this is a lie…simple and plain. Let’s see some numbers Pedro….

    • jaxon64

      PS: when we pay our taxes, we contribute to the continuing horror of 50+ million babies murdered in their mother’s wombs—funded by our tax dollars given to abortion providers in the USA and killing babies around the world also…

    • ra44mr2

      wrong the military accounts for 20% of the antional budget.

  • http://www.facebook.com/people/Barry-Levy/1091577549 Barry Levy

    they make money off the program, but that is a function that people running programs are expecting to be paid for their time and labor.

    Cut the programs, and use it as the safety net it was designed for, not as the life style that it is becoming.

    But then again, democRATS like to keep the people poor, ignorant and on the plantation so that they get the votes and the power from these ignorant ill-informed people that have been duped to stay in poverty rather than risk for better

  • ra44mr2

    It’s amazing that the idiots that hate big banks didnt figure out that Obama loves big banks before the last election. Btw my wife and I both work for banks so thanks morons.

  • fgbouman

    The idea that J P Morgan cares one way or the other about illegal immigrants because of the tiny sums it receives for servicing EBT cards is laughable.
    This article is simply a xenophobic tirade against illegal immigration and, insofar as addressing the economic collapse underway goes, has no merit at all. The conflation of xenophobia with economic data does nothing to deal with the real problems that face us, of which illegal immigration is one of the smallest.
    In times of economic distress or physical danger, borders become minor hinderances to the flow of people. Resolve the problems that are causing the global economic collapse and illegal immigration will become even less of an irritant than it is now.
    All statistics regarding the flow of illegal immigrants and their costs are political at best. All we can safely say is there are many illegal immigrants in this country and that without them our cost of living would probably rise while unemployment probably wouldn’t be affected much by their departure.

  • JustanOguy

    Hello Michael,

    I’ve mentioned this in the past and I’m going to mention it again…. Do a list check of all the items that qualify under the Food Stamp giveaway and how much the prices have gone up in the past couple of years for these items compared to items that do not “qualify”.

    Kraft along with some others are doing quite well…

    Then follow the donation trail…

    NOBODY with a credible following has brought this up so be the first one…

    And give me a hat tip once you see what I already know.
    ;)

  • Not American

    No comment from a certain Syrin yet? Strange, maybe his holiness was raptured?!

  • thetruthmaster1

    This article does NOT tell you that they only charge like / about a flat $.07 to .08 cents per electronic verification transaction, which surely can’t be much more over cost. Unlike MC or Visa which charges like $.20 cents to .25 cents per transaction plus a percentage like 1.75% of the amount total on a retail transaction. So lumping the Gross total $560 Million, together as if it is all profit, is not exactly the truth. And we are all looking for the truth right?, among the propaganda, and the lack of understanding by authors of articles like this, that like to create shock outrage. The real outrage is America’s unemployment and destruction of our manufacturing base here. Wait till a Solar Flare or EMP hits and all these electronic EBT systems goes down and the 47 Million people can no longer redeem plastic for food. Now that’s a story that needs to be reported.

  • Americanius

    I know one senator on the banking committee that hauled Dimon in front of it for the trading loss. He should have recused himself and is a prime example of how our government has been captured by the banking and financial industry. Bob Corker. JP Morgan contributed $30k to his campaign. Not only Bobby, but 6 other members on the committee received substantial contributions as well. Given that, those senators would have us believe they were impartial on those hearings. Sure. And as soon as Obama lowers the oceans I have some great beachfront property to sell you 1 mile offshore.

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