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View Full Version : AP : Banks sought foreign workers (while firing Americans, taking bailout)




lynnf
02-01-2009, 07:31 AM
http://news.yahoo.com/s/ap/20090201/ap_on_bi_ge/bailout_foreign_workers

AP Investigation: Banks sought foreign workers

By FRANK BASS and RITA BEAMISH, Associated Press Writers Frank Bass And Rita Beamish, Associated Press Writers – 1 hr 3 mins ago
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.

...


lynn

MsDoodahs
02-01-2009, 12:59 PM
Is this just another ramification of the stunning success of the intentional "dumbing down" of americans via the government school system?

Bman
02-01-2009, 01:10 PM
Is this just another ramification of the stunning success of the intentional "dumbing down" of americans via the government school system?

Bailed out banks go to hire foreigners and this is the first thing that comes to your mind?

Plus I hate to tell you but not all American schools are carbon copies of eah other.

For example I grew up in the Pennsylvania countryside. We had a New Jersey senior transfer to our school. They gave him a placement test and put him in the ninth grade. Needless to say his parents transferred him to a school were they would put him in the twelth grade.

School saren't so centralized that you can make an obligatory comment like that, and be correct.

This problem cannot be explained by centralized schools. I don't see how that makes sense. But you can try if you must.

Brian4Liberty
02-01-2009, 03:08 PM
Is this just another ramification of the stunning success of the intentional "dumbing down" of americans via the government school system?

No, it's another example of how big companies want cheaper foreign labor. Paying 90k/year in a crowded urban city is way less than they would have to pay an American for those jobs. The story originates in Santa Clara, CA, where your average 40 year old, 3bd/2bath house with no land costs 700-900k.

It's an example of how big companies don't care at all about their neighbors or their country.

lynnf
02-02-2009, 06:56 AM
No, it's another example of how big companies want cheaper foreign labor. Paying 90k/year in a crowded urban city is way less than they would have to pay an American for those jobs. The story originates in Santa Clara, CA, where your average 40 year old, 3bd/2bath house with no land costs 700-900k.

It's an example of how big companies don't care at all about their neighbors or their country.


you are right about what you say about the corporations, but the dumbed down school system helps them to achieve their goals in at least two ways: 1) they can say "look, Americans can't compete, we have to import those smart foreigners" (and increase money for education to catch up) and 2) the dumbed down Americans are guaranteed to be too stupid to fight back

lynn

Kalifornia
02-02-2009, 07:59 AM
lovely. yet we still continue to believe in corporate welfare.

Brian4Liberty
02-02-2009, 12:21 PM
you are right about what you say about the corporations, but the dumbed down school system helps them to achieve their goals in at least two ways: 1) they can say "look, Americans can't compete, we have to import those smart foreigners" (and increase money for education to catch up) and 2) the dumbed down Americans are guaranteed to be too stupid to fight back

lynn

Who is telling us Americans can't compete? Bill Gates? US Chamber of Commerce? Lobby groups for cheap foreign labor and expansion of visa programs? Globalists? CNBC?

Just because the media and profiteers tell us something doesn't make it true. And showing a few below average kids as examples doesn't mean that all our kids are "dumbed down".

lynnf
02-02-2009, 08:26 PM
there has been material added to the story since I first put out the link:

some of it is here -

(John Miano used to be a programmer, then went to law school after encountering this visa blather)

'But they can use the lower end of government wage scales even for highly skilled workers; hire younger foreigners with lower salary demands; and hire foreigners with higher levels of education or advanced degrees for jobs for which similarly educated American workers would be considered overqualified.

"The system provides you perfectly legal mechanisms to underpay the workers," said John Miano of Summit, N.J., a lawyer who has analyzed the wage data and started the Programmers Guild, an advocacy group that opposes the H-1B system.

David Huber of Chicago is a computer networking engineer who has testified to Congress about losing out on a 2002 job with the former Bank One Corp. He learned later the bank applied to hire dozens of foreign visa holders for work he said he was qualified to do.

"American citizenship is being undermined working in our own country," Huber said in an AP interview.'

lynn

steve005
02-02-2009, 08:30 PM
this is more reason for banks to be government(propaganda)