Bailed out banks seek visas for foreign workers??
http://www.wral.com/business/story/4444854/
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AP Investigation: Banks look overseas for workers
By FRANK BASS and RITA BEAMISH
Associated Press Writers
Posted: Feb. 1, 2009
Updated: Today at 4:42 a.m.
SANTA CLARA, Calif. — Even as the economy collapsed last year and many financial workers found themselves unemployed, the dozen U.S. banks now receiving the biggest rescue packages requested visas for tens of thousands of foreign workers to fill high-paying jobs, according to an Associated Press review of visa applications.
The major banks, which have received $150 billion in bailout funds, requested visas for more than 21,800 foreign workers over the past six years for 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 numbers of visas sought by the dozen banks in AP's analysis increased by nearly one-third, from 3,258 in the 2007 budget year to 4,163 in fiscal 2008
This is disturbing
My guess is the banks are woo'ing foreign workers in hope that foreign banks and investors in their countries will support those banks. Pretty sick they'de do something like this when Americans are getting laid off practicly every day now. I guess banks don't care about that.
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