California, Food Stamps | featured news

A unique, hard-hitting report just completed by a California attorney exposes a largely unknown federal food-stamp racket involving large grocery retailers, food manufacturing giants and other private players, including the Federal Reserve and JPMorganChase, which combine to channel food stamp spending into a gravy train for the heavy hitters in the food industry.

Some argue that the state's policy is shortchanging some welfare recipients. But ending the policy could cost some current recipients their benefits, state officials and advocates for the poor say.

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