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Old 02-01-2009, 05:22 AM
 
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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.

Foreigners are attractive hires because companies have found ways to pay them less than American workers.
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General News - AP Investigation: Banks sought foreign workers


We should have allowed every single one of them on the verge of collapse, to collapse. At what point does this obsessive greed and treasonous insanity end?

Last edited by Yac; 02-02-2009 at 05:20 AM..
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Old 02-01-2009, 06:24 AM
 
Location: Northern VA (for now)
23,022 posts, read 31,991,437 times
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Originally Posted by JDubsMom View Post
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.

Foreigners are attractive hires because companies have found ways to pay them less than American workers.
Moderator cut: shortened, copyright protection

General News - AP Investigation: Banks sought foreign workers


We should have allowed every single one of them on the verge of collapse, to collapse. At what point does this obsessive greed and treasonous insanity end?
As someone who works in banking, this really ain't news to me. I work at a branch where everyone is a U.S. citizen that was born in the US. That is a very rare thing in Northern VA banks. Big national banks are notorious for penny-pitching (just look at the ways they try to get you into overdraft and charge massive fees that keep you there) and this is no news or a surprise to me. Of course they'll hire foreign workers if they are cheaper.

Last edited by Yac; 02-02-2009 at 05:20 AM..
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Old 02-01-2009, 06:31 AM
 
7,020 posts, read 9,902,772 times
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Originally Posted by Alanboy395 View Post
As someone who works in banking, this really ain't news to me. I work at a branch where everyone is a U.S. citizen that was born in the US. That is a very rare thing in Northern VA banks. Big national banks are notorious for penny-pitching (just look at the ways they try to get you into overdraft and charge massive fees that keep you there) and this is no news or a surprise to me. Of course they'll hire foreign workers if they are cheaper.
Agreed. US Bank, Chase and BOA all come to mind. With proper planning, fair trade, common sense/laws, rules and regulations it may have worked. IMHO economic globalization and open borders will result in the death of America.
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