This seems to be another reason to severely curtain the H1B program. Breitbart reports that "[a] Wall Street trustee group wants to kill a new $40 million investment fund that refuses to invest in the companies who import risky H-1B visa workers to take jobs from trustworthy American professionals." The article explains:
The Wall Street pushback comes amid growing evidence that C-Suite executives divert Americans’ jobs to Indian H-1B workers because stock investors assume the mixed-skill, indentured visa workers will raise profits and boost stock values, regardless of their vast damage to productivity, security, and quality.
“If you’re outsourcing all of your [Information Technology] to a third-party [run by Indians], Wall Street interprets it as cost savings,” said Nate Sass, a Wisconsin-based technology veteran who was replaced by an Indian team in February 2025. ...
The fund in question is the Azoria investment fund. The bankers are not letting the fund transfer assets to another entity, apparently as part of the debanking strategy used against other people and groups that the Left has targeted.
I'm . . . shocked.
ReplyDeleteI'm sure this kind of interference will just make banking even more complicated. All those black-listed groups and people to keep track of...
ReplyDeletePretty soon, they'll have to have some kind of mark to help them distinguish who's okay to do banking and who's not.