logo_forbes“Details are hard to come by as they are not broken out in earnings reports, but a 2012 study from the Government Accountability InstituteProfits From Poverty” indicates that since 2004, 18 of the 24 states that contract with J.P. Morgan to provide welfare benefits have paid over half a billion dollars in fees. That may not sound like much relative to the size of some of these firms, but it provides a nice steady income for an industry happy to shower members of the House and Senate Agricultural Committees with annual campaign donations now exceeding $300,000 per year.”

Read the rest of Bill Frezza’s entire Forbes article here.



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