Monday, February 2, 2009

Bailed out banks pay up big for foreign workers

The dozen banks now 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.

So these banks won't lend you money, and then they spend $12 billion on wages for foreigners. That will be comforting to Joe Sixpack who has just lost his job!

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