Sun Jan 22, 2012, 03:40 PM

underpants (161,465 posts)

Subject "food stamps" - guess who is making big money on them (and outsourcing the call center)

The More Americans That Go On Food Stamps The More Money JP Morgan Makes

In the video posted below, JP Morgan executive Christopher Paton admits that this is "a very important business to JP Morgan" and that it is doing very well.

So what happens if you have a problem with your food stamp debit card?

Well, you call up a JP Morgan service center. When you do this, there is a very good chance that you are going to be helped by a JP Morgan call center employee in India.

That's right - it turns out that JP Morgan is saving money by "outsourcing" food stamp customer service calls to India.

http://theeconomiccollapseblog.com/archives/the-more-americans-that-go-on-food-stamps-the-more-money-jp-morgan-makes

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48 replies	Author	Time	Post
Subject "food stamps" - guess who is making big money on them (and outsourcing the call center) (Original post)	underpants	Jan 2012	OP
Something else that JP Morgan does...	kentuck	Jan 2012	#1
I can't follow what you are saying	joeglow3	Jan 2012	#2
"they have recently made the decision to "require" at least 4% of all earning go into their	JDPriestly	Jan 2012	#6
The government allows employers to automatically enroll employees in a 401k plan.	nilram	Jan 2012	#45
A lot of government has been quietly privatized. These banksters are the Halliburtin of the safety	jwirr	Jan 2012	#3
You are correct. Even the military has a lot contracted out.	nanabugg	Jan 2012	#44
So the personal business of US citizens, SS#, where they live, health records, place of work,	sabrina 1	Jan 2012	#4
If we were really concerned about "national security"...	KansDem	Jan 2012	#7
Amen!	Mimosa	Jan 2012	#34
I fail to see the concern. Are you saying an employee of a company is more likely to break the law	RB TexLa	Jan 2012	#20
I have no idea of what the statistics on crime in these areas are, here or anywhere else.	sabrina 1	Jan 2012	#27
Citizen of another country views their first loyalty to own country	Mimosa	Jan 2012	#37
You're not being a global citizen!	Zalatix	Jan 2012	#21
most people have no clue how much of their info is "out there" period.	Kali	Jan 2012	#41
JP Morgan is hideous.	JDPriestly	Jan 2012	#5
And what is wrong with people in India having those jobs?	RB TexLa	Jan 2012	#8
i don't outsource with you.	ret5hd	Jan 2012	#10
Try to keep up with the world you live in. The term outsouce is dated and dead	RB TexLa	Jan 2012	#13
Please show me your Global Citizen card. American jobs should STAY in America. Do you get it yet?	Zalatix	Jan 2012	#24
.	JTFrog	Jan 2012	#46
We need to keep the jobs here	FrodosPet	Jan 2012	#16
The current unemployment rate in India is 9.5% They need the jobs too.	RB TexLa	Jan 2012	#17
Our unemployment is even higher. We need the jobs more. How ignorant of you!	Zalatix	Jan 2012	#23
Post removed	Post removed	Jan 2012	#25
You think Americans don't deserve American jobs. That's your problem.	Zalatix	Jan 2012	#26
LOL. Economic isolationism has been dead for a long time. Keep screaming at the clouds.	RB TexLa	Jan 2012	#28
If America goes isolationist the whole world's economy will collapse.	Zalatix	Jan 2012	#29
I was saying people like you and the ones in your graph don't matter	RB TexLa	Jan 2012	#30
We are the majority, that means we do matter, and you do not.	Zalatix	Jan 2012	#31
Why do we need to send India and Chinese foreign aid?	former9thward	Jan 2012	#32
I'd be glad to send them foreign aid, as long as we get our jobs back FIRST.	Zalatix	Jan 2012	#43
What's wrong with people in America having those jobs?	Zalatix	Jan 2012	#22
"JP Morgan is paid for each case that it handles, so that means that the more Americans"	Thaddeus Kosciuszko	Jan 2012	#9
Of course that's true.	stillwaiting	Jan 2012	#12
What is Morgan's admin fee? 1%? I don't know.	banned from Kos	Jan 2012	#14
Morgan is one of the few who can handle the task.	banned from Kos	Jan 2012	#11
Seriously? You actually want a "serious" answer?	just1voice	Jan 2012	#48
I was going to guess Haliburton.	undeterred	Jan 2012	#15
Ha!	blogslut	Jan 2012	#18
Are the cards issued by Citi?	hootinholler	Jan 2012	#19
I just ask for an American CS rep	blueamy66	Jan 2012	#33
I had to do that 2 times when confirming my ATT 'U-Verse' bundle	Mimosa	Jan 2012	#39
Outsourcing our USA welfare and benefits info could become a security risk	Mimosa	Jan 2012	#35
Personally,	xmas74	Jan 2012	#36
K&R	varelse	Jan 2012	#38
+	underpants	Jan 2012	#40
Typical bankster activity...making money crashing the econ and making money on the recovery.	Snarkoleptic	Jan 2012	#42
K&R	woo me with science	Jan 2012	#47

Response to underpants (Original post)

Sun Jan 22, 2012, 03:45 PM

kentuck (101,284 posts)

1. Something else that JP Morgan does...

...is that they handle the 401K's of almost 2 million Americans and they have recently made the decision to "require" at least 4% of all earning go into their retirement 401K's. This will amount to hundreds of millions of dollars into the JP Morgan account. Perhaps someone here has their 401K invested with JP Morgan?

Subject "food stamps" - guess who is making big money on them (and outsourcing the call center)

1. Something else that JP Morgan does...

2. I can't follow what you are saying

6. "they have recently made the decision to "require" at least 4% of all earning go into their

45. The government allows employers to automatically enroll employees in a 401k plan.

3. A lot of government has been quietly privatized. These banksters are the Halliburtin of the safety

44. You are correct. Even the military has a lot contracted out.

4. So the personal business of US citizens, SS#, where they live, health records, place of work,

7. If we were really concerned about "national security"...

34. Amen!

20. I fail to see the concern. Are you saying an employee of a company is more likely to break the law

27. I have no idea of what the statistics on crime in these areas are, here or anywhere else.

37. Citizen of another country views their first loyalty to own country

21. You're not being a global citizen!

41. most people have no clue how much of their info is "out there" period.

5. JP Morgan is hideous.

8. And what is wrong with people in India having those jobs?

10. i don't outsource with you.

13. Try to keep up with the world you live in. The term outsouce is dated and dead

24. Please show me your Global Citizen card. American jobs should STAY in America. Do you get it yet?

46. .

16. We need to keep the jobs here

17. The current unemployment rate in India is 9.5% They need the jobs too.

23. Our unemployment is even higher. We need the jobs more. How ignorant of you!

26. You think Americans don't deserve American jobs. That's your problem.

28. LOL. Economic isolationism has been dead for a long time. Keep screaming at the clouds.

29. If America goes isolationist the whole world's economy will collapse.

30. I was saying people like you and the ones in your graph don't matter

31. We are the majority, that means we do matter, and you do not.

32. Why do we need to send India and Chinese foreign aid?

43. I'd be glad to send them foreign aid, as long as we get our jobs back FIRST.

22. What's wrong with people in America having those jobs?

9. "JP Morgan is paid for each case that it handles, so that means that the more Americans"

12. Of course that's true.

14. What is Morgan's admin fee? 1%? I don't know.

11. Morgan is one of the few who can handle the task.

48. Seriously? You actually want a "serious" answer?

15. I was going to guess Haliburton.

18. Ha!

19. Are the cards issued by Citi?

33. I just ask for an American CS rep

39. I had to do that 2 times when confirming my ATT 'U-Verse' bundle

35. Outsourcing our USA welfare and benefits info could become a security risk

36. Personally,

38. K&R

40. +

42. Typical bankster activity...making money crashing the econ and making money on the recovery.

47. K&R