Real Billionaires Know How to Make the Most of Other People’s Poverty

JP Morgan is the largest issuer of food stamp (debit cards) in the United States.

The number of food stamp recipients increased 16% over last year. At this point, close to 42 million Americans (1 in 8 ) are currently enrolled to received aide. This means that 14% of the population is living on food stamps. And JP Morgan, who specialized in mortgage backed securities which threw a lot of people into poverty and now specializes in payday loans, expects food stamp use to increase substantially over the next year. Which put a nice piece of change in JP Morgan’s pocket to the tune of 47 percent rise in profits in the 4th quarter.

Now THAT is how billionaires are made!


And you have to give the food stamp recipients some credit. At least they have the courtesy to stay off of those shabby, unappealing public bread lines.


About greengoddesslove

Gosh, I dunno. I'm a human adult who is interested in just about everything. Life is interesting. Everything else is gravy.
This entry was posted in Billionaire, Economy, Policy, Socio-Econmic Class, Wealth and tagged , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s