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Breaking News Home | All | Religion | Society | Tech | Choice | Fridays | SA Newsroom
FRONT PAGE  |  6/28/2017
SUNDAY, NOV 10, 2013  |  1 comments
How big bankers profit from food stamps
Using the political system, J.P. Morgan donates money to key officials who oversee the food stamp program. After J.P. Morgan began to profit from the food stamp business, officials doubled their donations to congressional committee members who oversee food stamps.

House and Senate Agricultural Committee members control the Department of Agriculture, which is in charge of the Supplemental Nutrition Assistance Program, or SNAP, the bureaucratic title for food stamps.

According to the Government Accountability Institute, between 1998 and 2002, J.P. Morgan’s total contributions per election cycle averaged $82,897.

After J.P. Morgan entered the EBT services market, up to the 2010 election cycle, its average donation per cycle more than doubled to $215,120, the GAI said. The contributions were targeted to the agricultural committee members who had significant influence over the food stamp program. ...


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News Item11/10/13 3:55 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
What! WND attacking bankers!!! :-7 How Democratic can you get! I do have to say the banks were rewarded by the Demo Will Billy Clinton and Republicans in Congress, by repeal of the Glass-Steagall act, q.v., Paul Ryan: ‚ÄėI Agree‚Äô We Need To Reinstate Glass-Steagall.

Reinstating food-stamps not only benefit bankers? But it certainly does benefit farmers and the low-income people. Oh, if the Farm Act gets passed in time the price of your milk may not go up at your grocery store. Here is another idea of the Farm Act that I hadn't heard about, but interesting--

SF Gate wrote:
A new Veggie Rx program that provides farmers' market coupons to poor people who are obese or have diabetes is showing results at hospitals around the country,....

Both programs are evidence that the Bay Area-born new food movement has so penetrated the mainstream that its ideas of re-establishing local farming in the food chain and linking diet with public health goals have made their way into the Republican-authored House farm bill.

from, Bills a bonus...to farmers[/U
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