Banks: Hiring Foreigners Over Americans
by Buck • Sunday, February 1st, 2009 - 9:33 amWhat, say, we round the white-collared criminals up, strip them of all they own, and deport their asses right on out of the country? Them, along with at least a good two-thirds of our politicians.
If we don’t fix things now, the greedy bastards will control everything pretty soon. Actually, I think we’re already there.
AP Investigation: Banks sought foreign workers
SANTA CLARA, Calif. (AP) — Banks collecting billions of dollars in federal bailout money sought government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications.
The dozen banks receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions that included senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. The average annual salary for those jobs was $90,721, nearly twice the median income for all American households.
The figures are significant because they show that the bailed-out banks, being kept afloat with U.S. taxpayer money, actively sought to hire foreign workers instead of American workers. As the economic collapse worsened last year – with huge numbers of bank employees laid off – the numbers of visas sought by the dozen banks in AP’s analysis increased by nearly one-third, from 3,258 in fiscal 2007 to 4,163 in fiscal 2008. [...]
Foreigners are attractive hires because companies have found ways to pay them less than American workers. (emphasis mine)
February 1st, 2009 at 11:32 am
And then there is this. http://www.eweek.com/c/a/Windows/Senator-Questions-Microsofts-H1B-Plans/ ...and this... http://www.prometheus6.org/node/23545
February 1st, 2009 at 3:51 pm
It is ridiculous that anyone is still pretending that these banks can be trusted to do the right thing without constant, aggressive oversight. Some economists have argued to liquidate some of them or nationalize some of them temporarily. Is there any good reason not to besides ideology? These people are absolute scumbags. Do what needs to be done for the American people as a whole, and strip some of these wankers of their assets and/or throw them in jail as an example and because they deserve it. I'm less concerned about the example in this article, although it's ridiculous, and more concerned about the new planes and using bailout money to lobby against unions.
February 2nd, 2009 at 12:41 pm
What a load of s...! The visas if I remember correctly were 'supposed' to be made available to non-American workers, for various shortages in our workforce for specific jobs. Now with over 3 mil out of work here in AMERICA, with AMERICAN bailouts, they CAN't find ANYONE? yea right, I vote for nationalizing them, why? economic necessity for one, once the spending is under control, loans are flowing, the economy is back on track, then some can be released and returned to 'public'. They have done this at various times in various countries with success! If you want CHANGE, this is it.
March 2nd, 2009 at 3:09 pm
The economy is broken.
Unemployment is skyrocketing.
Outsourcing/Offshoring is killing the economy !
Hundreds of American companies have sent
thousands of jobs overseas and this action
is directly responsible for skyrocketing
unemployment and our broken economy.
Here are the facts:
1. Foreign workers DO NOT PAY Federal or State Taxes.
2. Foreign workers DO NOT PAY into the
Unemployment or Social Security Funds.
3. Foreign workers DO NOT spend their money
in the United States.
4. The Federal Government gives American Businesses
"cash incentives" to hire foreign workers and
put American workers "out of work".
U.S. Dollars paid to foreign workers go overseas and
never come back. The U.S. Economy gets no benefit
from giving jobs to foreigners and is directly responsible
for the daily collapse of the U.S. Economy.
Skyrocketing unemployment is a direct result is a direct
result of Outsourcing/Offshoring.
STOP Outsourcing/Offshoring NOW before "It's Too Late".