Are You:

Are you tired of ..........

· Feeling like no one is fighting for working people?

· Ceos taking all our money?

· Corporations shipping our jobs out of the country?

· Companies escaping THEIR tax burden?

· Having no health care?

· Health care costs killing you?

· Making an economic decision to not utilize your Health Care?

· Having no retirement?

· Big business getting so big it seems to control everything?

· Gas prices with record profits for oil companies?

· Your hard work being exploited by a company?

· The banks exploiting the average hard working American?

· Being afraid to ask for a raise?

· The cost of living rising faster than your wages?

· Being laid off?

· Being over qualified for your job because you can't find a better paying one?

· Living pay check to pay check?

· Working in fear?



Thursday, November 3, 2011

BIG BANKS ARE PROFITING FROM PUBLIC PROGRAMS LIKE FOOD STAMPS AND UNEMPLOYMENT BENEFITS

Over at New Deal 2.0, Bryce Covert outlines how the biggest banks are profiting by administering public programs like food stamps and unemployment insurance, to the detriment of taxpayers and those who need such programs to get by. For instance, “U.S. Bancorp, which provides unemployment benefit debit cards, made $357 million in revenue in the division that handles the cards. That amount is more than one-fourth of its total revenue.” JP Morgan, meanwhile, “made $5.47 billion in net revenue for most of last year in the division that handles food stamp cards, and it was up two percent is the last three months of the year.” As Covert summed up, “big banks are making a tidy profit by acting as middlemen for what should be publicly provided services.”

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