Jaw-Dropping Corruption: America's 47 Million Hungry Mouths Are Just Another Corporate Cash Cow
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Meanwhile, JPMorganChase has EBT contracts with more states than any other bank and rakes in fees galore. “[SNAP] store purchases at the register go to JP Morgan ... which authorizes the request. And that [purchase data] goes to the Federal Reserve Bank and the Fed reimburses, say, Wal Mart,” explained Simon, who stressed that the USDA strangely refuses to release comprehensive SNAP purchase-redemption data so the big picture can be fully understood.
This issue has become so touchy that at least one journalist, Michael Morisy (MuckRock.com), is in hot water with the USDA for managing to obtain some of this data. But the truth cannot be contained forever. A newspaper, the Sioux Falls, S.D., Argus Leader, last year in South Dakota’s federal court district filed a lawsuit to try and force the government to release all redemption amounts, including how much the Fed reimburses the stores who accept EBT purchases, and how much SNAP money goes to buy specific products.
Mark Anderson is a veteran journalist who divides his time between Texas and Michigan. Email him at firstname.lastname@example.org. Simon, who compiled the SNAP report referenced here, is a public health lawyer and president of Eat Drink Politics, an industry watchdog consulting group. Contact her at Michele@EatDrinkPolitics.com.