Fannie and Freddie
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Anonymous
| Hey Jeff, why is it okay for people to be shamelessly racist and xenophobic towards Indians with all the H1B dog whistles? It's been going on for months now and yet these posts always stay up. |
Anonymous
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But if they are interested in real reform, I propose the following.
For both H-1B and green cards, replace the current prevailing wage requirement by a policy in which applications are approved in order of offered salary. This addresses the cheap, mediocre-quality labor issue in a clean (if broad-stroked) manner. It also to a large extent attains our goal of targeting “the best and the brightest.” For example, Stanford computer-science graduates enjoyed starting salaries that were 37 percent higher than average in 2009-2010, according to the school. A more refined version of this policy could rank on the ratio of offered salary to the occupational/regional median, so as to attain quality among less expensive occupations and regions. Make green card issuance immediate after approval, instead of waiting in a queue for years. This addresses the de facto indentured servitude issue, and also solves the problem of queues based on country caps. Establish an open, national online registry for jobs that employers propose to fill with H-1Bs or green card applicants. Use would be advisory for H-1B, mandatory for green cards and H-1B-dependent employers. Placing newspaper ads as a way of giving public notice is downright silly in today’s Internet Age. An online registry is the efficient, effective way to handle the recruitment requirement. Liberalize the National Interest Waiver, under which outstanding talents can apply for a green card without employer sponsorship. Do the same for the O-1 work visa, which again involves exceptionally talented workers. The industry lobbyists greatly exaggerate the number of foreign workers who are “the best and the brightest,” but some are indeed top-flight. Our nation benefits enormously from them, so targeted measures are vital. Require that an employer justify a job requirement of an advanced degree. Very few tech jobs truly require a master’s or doctoral degree. Just look at all the major notables in the field who lack such a degree, such as Larry Ellison and Jensen Huang, or who have no degree at all, such as Bill Gates and Mark Zuckerberg. Since international students who work in tech largely have a master’s, setting a requirement of that degree is a common method of rejecting US workers. https://www.compactmag.com/article/no-there-arent-good-h-1b-visas/ |
Anonymous
Do you think employer have time to wait that long , they will simply outsource jobs |
Anonymous
H1 is good for 5 - 6 years, then the company sponsors for green card. The upside is that they won't jump ship during this time, so you save on recruiting fees. Sponsorship is 100k/year. Recruiting fee is 50k/placement. and our juniors hop every 2 years. |
jsteele
Site Admin Online
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There are thousands of posts a day on DCUM and I am not able to read everyone of them. To provide a way for posters to alert me to inappropriate posts, I have provided a link on each post that says, "report". You will see it there in the lower right of every post. If you click on that and explain that the post that you are reporting is racist, I will more than likely remove it. If, instead, you post a complaint in a thread that I am unlikely to read, I will probably not know about it until the next day when another poster reports your post (that's assumimg that I find out about it at all). It really should not have been hard to figure this out. |
Anonymous
This is how it works Hire h1b for and they have 3 year visa . Usually they don’t hire directly but hire from Indian body shops, ie WITCH companies. Renew visa for a second 3 year period In year 5 offer to apply for green card Now as long as they are waiting for green card they will have h1b renewed. They can NOT easily change jobs or change companies. So they are locked in to the company. Try for green card over and over. For Indians it can be a 15 year wait or longer. All the time providing cheap work to a big corporation. Exploited as much as possible Have a few kids while this is happening to have an anchor baby Even worse if they started on OPT. Then they have 3 years before even getting h1b so it can be 9 years of cheap labor before even getting on list for green card Thank you to our own fed gov for providing this cheap labor. |
Anonymous
They are. The jobs are listed at lower pay, AND they get worked for many more hours than domestic workers. Unfortunately they are exploited. |
Anonymous
I have a "friend" who works there and BARELY works... always taking vacation/working, runs errands all day, and watches Netflix all the other times... According to "friend" all other coworkers do the same... Ridiculous! |
Anonymous
The business side is filled with waste. You could fire 50% and the business would not skip a beat. IT side is even worse. Process on process. Just replace the entire group. The technology is ancient anyways. |
Anonymous
| Get me a job there, stat!!!! |
Anonymous
my neighbor, according to linkedin worked in Financial Crimes, Mortgage Fraud and Compliance for a long time. As long as I've lived near her, she has never worked as much as a 6 hour day. Since covid, it has been even less. She never works from home - that's a fallacy. She leaves for McLean sometime after 8 and is home by 1 or 2 every day. Many days she doesn't go in at all. She screeches a lot about work/life balance and thinks she deserves her big salary while working less than 20 hours a week. I think she was canned with the ethics scandal and now works for one of the big banks doing something similar and is working the same hours. I don't expect her to last very long. |
Anonymous
This is my neighbor and she was a director level. |
Anonymous
Food for thought, As somebody who used to work there, I’ll say a neighbor never would be aware of me working from nine to midnight from home after my kids were in bed. Working for Fannie/Freddy isn’t a sit at your desk only type job. I would take calls on walks/in the car, work at odd hours, which may sound nice but was pretty stressful because you are always on. Sounds like your neighbor, who is easily identifiable, may have been taking advantage, but don’t make assumptions from staring out your window like a weirdo. |
Anonymous
Not staring out of my window at all. Neighbors know a lot about what goes on there. |
Anonymous
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At CSS in Bethesda. Now called U.S. Fintech. When it was in downtown Bethesda by metro it was so Indian at onr point it was over half the company and tons of Visa people.
Was confusing as a lot lived all the way out in Ashburn and Bethesda itself is very White and Chinese Asian as is Rockville and Potomac and Chevy Chase all the sounding neighborhood to office. I never had a white person other than me in department. I found it strange. Freddie Mac was also like that. Fannie Mae had better diversity. All nationalities And also the Indians were like 80 percent men. Very few Indian women. At CSS or Freddie Not bashing but you walk into an office in Downtown Bethesda run by 75 percent Indian men it is strange |