Insult to Injury: Bailout Banks Avidly Sought Foreign Workers

[Mike Ellis]

Yet another example of how America's Dollartarian elite thumb their nose at the nation's people. They'll screw every person in this country without blinking an eye, if it makes them a few more Fedbux. Who cares if YOU get stuck with the fallout (depressed wages, societal impacts, etc)?

You should all be honored, honored I say, to pay your part of the bailout for firms that preferred to hire foreigners instead of Americans like you.

Cough up that dough! Somebody's got to pay to replace your sorry high-waged arse, and it might as well be YOU. COUGH IT UP!



AP Investigation: Banks sought foreign workers - Yahoo! News

AP Investigation: Banks sought foreign workers

SANTA CLARA, Calif. – 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.

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