JPMorgan Chase adds to its revenue stream every time an American signs up for food stamps in 23 states

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JPMorgan Chase adds to its revenue stream every time an American signs up for food stamps 

 

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The same corporation that received tens of billions of taxpayer dollars back in 2008 as part of the massive corporate bailout swindle is now reaping hundreds of millions of dollars every year from the federal food stamp program, according to little-known reports. For every American that signs up for the Supplemental Nutrition Assistance Program (SNAP) in 23 states, it turns out, JPMorgan Chase & Co. earns a processing fee of between 31 cents and $2.30 per month, which adds up to nearly $1 billion a year in additional revenues for the company.

Much of the younger generation might not realize it, but the federal food stamp program used to be just that — a system serviced by actual paper food stamps. Today, however, the system is run by an electronic card system known…

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