3 chapters across the catalog
President Obama signed an executive order to improve the security of consumer financial transactions, which the hosts interpret as a government-funded bailout for banks. The order mandates a transition to "chip and pin" technology for government payment terminals, including the 44 million EBT cards processed by major banks like JPMorgan Chase.
President Obama signed Executive Order 13681, ostensibly to improve the security of consumer financial transactions. The analysis argues this is a hidden bailout for banks, as it mandates the government-funded upgrade of payment terminals to "chip and pin" technology, specifically for the EBT and Social Security systems.
EBT Cards, Fast Food Restaurant Acceptance
A sign at a Jack in the Box in California announcing the acceptance of EBT cards sparks an investigation into SNAP benefits. While federal rules generally prohibit the purchase of hot prepared foods, several states including California and Arizona have implemented programs allowing welfare recipients to use cards at fast-food restaurants.
