AP Investigation: Banks sought foreign workers

[HowHasItComeToThis]

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.


http://news.yahoo.com/s/ap/20090201/ap_on_bi_ge/bailout_foreign_workers

[liberal N proud]

1. GRRRR!

:mad: :grr: :nuke: :mad: :grr: :nuke:

:mad: :grr: :nuke: :mad: :grr: :nuke:

:mad: :grr: :nuke: :mad: :grr: :nuke:

:mad: :grr: :nuke: :mad: :grr: :nuke:

[BlooInBloo]

2. The "high-paying jobs" bit would be a lot more interesting if it weren't for...

damn near the stupidest possible description:

"The average annual salary for those jobs was $90,721, nearly twice the median income for all American households. "

Idiotic on at least two levels. Fuck, Americans are stupid.

(facepalm)

[Coyote_Bandit]

3. Nothing new about this

When I worked as an investment portfolio manager for one of the multinational banks a decade ago half of my colleagues were from foreign countries. It was widely known that there was an intent to build international staff in order to better compete in the international investment management market.