Banks finding a way to work around TARP restrictions

Its a wonder the country is suffering, or maybe We the People are only suffering or maybe, fact is, only big business is suffering from their business dealings that bring them unworldly profits and in turn cause all others to suffer.  Banking institutions continue to do underhanded back room deals.  The Wall Street Journal reports that big banks are finding a way to hire foreign graduates of U.S. universities to work in their overseas offices.  The Troubled Asset Relief Program (TARP) has placed restrictions on H-1B visas issued to foriegn graduates for work in the United States.

To circumvent the restrictions, Bank of America, Citigroup, Goldman Sachs, J.P. Morgan Chase, all recipients of billions of dollars in Tarp funds, are continuing to recruit and hire foreign graduates to work in overseas offices in such locations as Hong Kong, London and Sao Paulo skirting around the immigration restrictions set by the TARP program.  As long as the foreign students are not working on U.S. soil, the banks can continue to employ them.

The Bureau of Labor and Statistics is reporting an unemployment rate of 8.5% for the month of March, although we can assume its closer to 13%, since the BLS only reports new jobless claims for each month and not those that have long since been out of work.  How then can the banking industry justify hiring foriegn graduates, when there are enough qualified U.S. citizens to fill those positions?  The banks explain it this way"...it is in the nation's interest for them to hire highly skilled foreigners who are educated in the United States rather than have non-U.S. companies benefit from American training'"

This all sounds good and encouraging, but doesn't make good sense when TARP funds, billions of them, were taken in the spirit of stimulating the U.S. economy.  The banksters explanation is specious at best and deceitful at worse.  The world is looking to the U.S. to grow it's economy and there are thousands of U.S. citizens, with diverse enough cultures and nationalities to function well in the overseas offices of banks.

There seems to be quite a bit of deception surrounding the recession/depression, and monies being spent in the name of economic stimulation that U.S. citizens will be liable for.  The banksters are still on a mission to make unprecedented amounts of money all the while looking for loopholes they can exploit to continue to make massive amounts of money for their own wealth at the expense of We the People.