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.
Indeed, JP Morgan’s Christopher Paton told Bloomberg News that food stamps are big business for the big bank:
“We are the largest processor of food stamps in the country…[the EBT program] [...]
By Alfred Lubrano
Inquirer Staff Writer
Steve Raiken, who is on welfare, volunteers at the Touch New Jersey food bank. (Bonnie Weller / Staff Photographer)
Pennsylvania plans to make the amount of food stamps that people receive contingent on the assets they possess – an unexpected move that bucks national trends and places the commonwealth among a minority of states.
Specifically, the Department of Public Welfare said that as of May 1, people under 60 [...]
Had a quick piece of news I wanted to call attention to, in light of the recent developments at Zuccotti Park. For all of those who say the protesters have it wrong, and don’t really have a cause worth causing public unrest over, consider this story, sent to me by a friend on the Hill.
Last week, a federal judge in Mississippi sentenced a mother of two named Anita McLemore to three [...]
Another good one from Matt Taibbi at Rolling Stone. Makes you wonder why this stuff isn’t in The New York Times, Washington Post, MSNBC, or Fox News…
Woman Gets Jail For Food-Stamp Fraud; Wall Street Fraudsters Get Bailouts (November 17, 2011)
“All of these companies have been repeatedly dragged into court for fraud, and not one individual defendant has ever been forced to give back anything like a significant portion of his ill-gotten gains. The [...]
Millionaires are now legally entitled to collect food stamps as long as they have little or no monthly income. Thirty-five states have abolished asset tests for most food-stamp recipients. These and similar “paperwork reduction” reforms advocated by the United States Department of Agriculture (USDA) are turning the food-stamp program into a magnet for abuses and absurdities.
The Obama administration is far more enthusiastic about boosting [...]