I know what you're talking about. Resume fiction is rampant and I believe somewhere there was an astounding percentage of fake degrees coming out of India. Online test answers passed around, coding answers passed around and this is what happens, not just to be "cheap labor" but also the mentality in the U.S., the never ending peddling of "foreigners as superior" to the U.S. engineers is pure propaganda. Look at the education requirements alone, yet that bogus MSc is being accredited as a US MS? The game is rigged, right out of the starting gate, school. Lobbyists/propagandists even manipulate IP statistics, put out bogus studies which are false or manipulated.

This article was just to tie in the latest disasters to offshore outsourcing. I should write up the laundry list of bloated contract failures usually in the millions, sometimes billions.

Anyway, we know you're right, anyone in tech who has been around has seen this 1000 times and incompetence is protected by their "buddies", meanwhile the American who has the skills and experience gets canned, thrown away like a sack of potatoes.

Bottom line, the Knight Group debacle is very obviously clueless software development. How insane is that to release a clearly untested software implementation of an algorithm, PLUS take 45 minutes to remove the package and revert to the old version in real time?

Clearly beyond pathetic, no one who knows the product software development cycle would do such a thing, especially considering what this implementation is working with.

Can you imagine these people being involved in Nuclear safety/failsafe software? I think they are, that's the most scary thing.

Microsoft loves H-1B and as we all know, it's only a matter of time before the Dinosaur is obsolete. I'm sure we'll all cheer, go Linux.

I'm all for outsourcing Congress + other feds, state politicians, and law enforcement. It would be cheaper and more reliable. If they don't give us what we want, we just move to another locale and then the next one. If these American politicians and officials won't serve the American public despite their employment contracts (and the Constitution) I'm sure we could find people overseas who would for pennies on the dollar. More loyal and cheaper = winning proposition for average American. Plus we don't have all those pesky pay to play bribes that total 100s of 1,000,000s of dollars for our current traitors (sorry, politicians and regulators). Can we also outsource MSM - no thinking is required and rumor has it foreign English skills are getting better than "fair and balanced" and "leaning forward." The US govt. and MSM, brought to you from Manila! I like the sound of it. I volunteer to supervise operations.

This is the difference between the arrogant rulers, banksters, CEOs+HR, and their shills. We all followed the rules and regulations, we all believed that hard work and following the rules and treating each other well was the key to success (and we were rewarded for believing that for many years). And then we got screwed over, BIG TIME. And the screwing over goes on and on and on with no respite and no one with the legal power to change things cares - they are set for life. No one in power cares that millions of us are suffering.
And we read these articles and postings here and elsewhere on ZH every day, Naked Capitalism, etc. And we see the rule breakers and selfish dolts are doing really well, I mean .1% megawealthy well for breaking laws, helping weaken America, helping our "enemies," and treating everyone else like dirt without any sense of morality or any gift of greater wisdom or work ethic - everything we believed was wrong and would be punished. But the laws literally don't apply to them. And those who swear oaths and get paid to follow the Constitution couldn't give less of a sh*t about us while we suffer and hopefully, in their eyes, disappear. So how should we see this twisted moral end? I guess the 1% and their puppets hope to God we don't start acting like they do, because Lord knows we have the numbers. They'll keep playing us for suckers while they whistle away on their yachts and chomp on their cigars while setting up a charity named after themselves while bitching and moaning about how lazy and stupid we all are.

Apparently the Feds are pissed that someone somewhere at some point in time actually called a terrorism-financing, money laundering bank to task after years of ignoring it, even if every other bank and TBTF/FDIC-backed/"best and brightest"/"doing God's work" bank is allowed to continue sans RICO threats or losing a banking charter and are still making the required contributions to the right people.

So, dear American taxpayers, ignore the complicity our federal govt. in this threat. Ignore the fact that people are earning $100,000+ as government employees at GS-13, GS-14, GS-15, and Senior Executive Service levels and $500,000-$1 million post-govt. to take part in this mockery. Ignore the fact that 27 million Americans that wouldn't tolerate this are unemployed. Vets, ignore the fact that our govt. is apparently okay with banks helping Iran, and through, Iran, Iranian-armed insurgents. Mexican citizens and folks in the Southwest, ignore the fact that our govt. is okay with banks laundering money for drug cartels. Next time you fear for your life or are scared to walk with your children outside, look no farther than the Treasury Dept. for someone to blame. On the one hand the govt. says Iran, drug cartels, and other groups and nations are real threats and we should always "see something, say something," but then we should be okay with our govt. allowing this to happen? Me confused, me too stupid to understand government logic.

Should we call DHS and the police to alert them to the feds allowing this criminal activity or should we not "see something, say something"? Should bankster Bloomberg be informed? Bloomberg's JP Morgan police/NYPD?
"Hello, DHS, NYPD, LAPD, DC Metro, I see the Treasury and DOJ and Congress are okay with financing Iranian terrorists and drug cartels. Now what?"

I'll say willfully blind. Federal regulators must have been alerted to massive money laundering at least every 30 days after every single suspicious activity (so that totals hundreds of thousands of forms filed). So that implicates Treasury, and FinCEN specifically. Justice Money Laundering Unit apparently gets their money for nothing because they've been busy with . . . nothing. How many Assistant AGs and GS-14s and GS-15s does it take to ignore crime? But they are hiring for their unit, go check DOJ Careers, apparently more people needed to do nothing at taxpayer expense so that Iran can help build more IEDs with bankster help. And we're supposed to accept this? Federal and state regulators . . . salaries for nothing.

Now, if some low-level drug dealer is breaking the law in front of the cops every day and he continues unabated, at some point the law-abiding citizenry should begin to question how corrupt the cops are for not stepping in. At all, any AUSA would be using the same argument, right? A single criminal gets set up in a sting and the FBI busts him for TRYING TO AID terrorists, he goes to prison for 30-life. The Feds ignore rampant aid to terrorists and drug cartels (that kill and destroy far more lives and property than a single low-level criminal) by banksters that they are being alerted to regularly and quickly because of federal and state laws, well, I think law-abiding citizens must demand of banksters, their puppet politicians, their paid-for media, and law enforcement and regulators why exactly aren't they being punished for being willfully blind to the aid given to terrorists? Are they criminally negligent? Complicit? Flat out corrupt and criminal? Or so completely and utterly inept that they should come out and join America's unemployed so that they can be replaced by people who might actually feel bad about earning money while allowing banksters to earn billions while aiding Iran, Mexican drug cartels, and others.

Congressional hearings? Any more hearings on anything related to banksterism? Seriously? Complete waste of time and our money for PR and useless words and photo ops by bankster puppets. We don't have hearings in towns and cities and counties when the educated populace sees criminal activity laid out for us and it being completely ignored - what's going on is obvious to anyone with any semblance of integrity (i.e., those not in politics or banksterism). Indeed, didn't the latest Iran-laundering bankster specifically say "You fucking Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians." Now to a five-year old, even that is a clear cut admission of dealing with Iran or the willingness to do so. And this in the latest of bankster gems, like "doing God's work"? But hearings are necessary? Idiocy. Maybe corrupt regulators and politicians can accept this for the sake of more bribes, but any honest American really can't take any more of this. Hold your hearings and scripted scoldings Versailles, we're out on the farms waiting for the rule of law and real justice and integrity to return.
What happened to the Republic? It's a damn shame it's this corrupt.

Considering banks have to use AML software as part of normal operations 24/7 and software is extremely reliable and sophisticated, red flags would have shot up daily left and right globally. AML and OFAC officers, tellers, managers, people everywhere in the global operation had to be on notice. Compliance officers train them on these things, old and new employees all the time. People earn six to seven figures to notice these things, deal with them, and deal with them very quickly. SARs and CTRs have to be filed very quickly as well with Treasury's FinCEN - everyone that has any exposure to law enforcement, banking, or finance knows this. So Treasury FinCEN and its six-figure salaried employees had to be aware - this is their job. Treasury has OFAC personnel and units that would deal with Iran, so they had to be aware. DOJ has a Money Laundering Unit and top level officials in charge - they had to be aware. District Attorneys in bankster heavy jurisdictions (NYC? Mayor Bloomberg? How are things in Bankster Capital USA?) should have been aware considering they fancy themselves "cutting edge" terrorism fighters - guess not.
So, that's a whole lot of organizations, groups, individuals, and politicians who apparently get paid for something, but not sure what (I guess going against banksters or higher-ups would compromise their future careers defending the banks, working in banks, or something with more money). Too bad those people who do care and do know are purposely not brought in - they could save a whole lot of wasted manpower, wasted money, and actually do their jobs.

Shocking news, who could have predicted, except anyone with a clue and many right here and on other sites - Standard Chartered was also engaged in making huge deals with Iran and hiding them! And completely predictable. And Deloitte is also involved? Gosh, consulting firms too? Still waiting for RICO and FCPA prosecutions and real prison time + forfeitures for CEOs and key personnel, any second now . . .
After Enron fiasco, I thought for sure accounting and consulting firms were really going to be good this time - guess not. Next you'll tell me most international banks and many other MNCs have been conducting international crimes like money laundering and bribery if only anyone in power or law enforcement cared to read blogs and web postings or cared for going on years now. I wonder, and I think we all should wonder, will politicians and MSM that criticize individual criminals or Americans that exercise their 1st Amen. rights or are concerned with drink portions EVER CRITICIZE bankers that help finance terrorism, drug cartels, etc. that literally kill people, destroy societies, build IEDs that kill our troops? Or is that not allowed because politicians that love banksters or are banksters themselves know where their bread is buttered - fellow bankster criminals and not the average law-abiding citizen? Are banksters like Standard and HSBC somehow better than those that protest them, Mayor and other politicians?

OUTSOURCING PLAYS ITS PART
It also turns out Standard Chartered was outsourcing key duties that could have ended these crimes to India. Again, are you telling me outsourcing key jobs overseas to other countries has real consequences? Shocking! Like outsourcing legal review of privileged docs has consequences and every law firm that does it plays with fire and exposes client secrets and law firms and the ABA should bear the consequences of such actions? Like outsourcing medical doc reviews and personal banking info. exposes patients and customers to invasions of privacy, ID theft, actual theft, etc. and banksters and others should bear the consequences of those actions? Again, completely predictable, but we were shut up and shot down every time we talk about it. Those who speak the truth don't find jobs in today's America. Like selling technology and outsourcing to Vietnam and China might endanger our lives and defense technology but Mayors and others said, "What's the harm, outsource everything, bring in more foreigners!" But we were wrong?

So what's the end game - Standard Chartered will probably have a monitor and a fine telling them to be good. Or if politicians want to appear to be tough, maybe they take away the one bank's charter. But not the Americans' TBTF charters ever. RICO or FCPA prosecutions for TBTF? NEVER. Maybe a former US Attorney or bankster law firm will make millions for the job of watching them to make sure they really, really try to be good. You know, like if you support terrorists or break a terrorism law, you could also avoid jail, prison, pay a fine, and maybe a friend could get paid to make sure you try to be good for a few years (only if you are incorporate yourself as a bank or MNC first, though). And when anyone cares to look, every single bank that deals with every corrupt foreign leader will be found to launder massive amounts of loot, but that's for another day and another AG or US Attorney that wants to appear to do something before running for another office.

By the way, all those who would have and could have stopped this inside companies and the govt. are deemed "overqualified" and are purposely not hired and never get past screening software - but hey, they must be lazy and uneducated, right DC and media hacks? MSM can instead focus on tit-for-tat name calling between D & R politicians or who won ping pong in London. After all, why else would criminal organizations not hire people who care and have the skills when they could outsource everything and/or hire people who will just go along with criminal activities.

Double standards, hypocrisy, crony capitalism, the disappearance of the rule of law, outsourcing literally destroying our middle class but enriching our enemies and the politicians ignoring everyone who can see our destruction happen every single day - but who do I vote for, heads or tails, heads or tails? "No one" or "none of the above," or perhaps a good old write-in "They are all worthless."

Internships are the epitome of all that's wrong with exploitation of labor in these times (and now pause for business talking points that no one is forced to take these and it's a free market - yawn). I could buy a computer program that reads talking points in a TV or radio studio fed directly from the Chamber of Commerce for free and replace these bloated clowns. So they should really start worrying about how special and unique they are and why exactly they think they deserve to earn tens of millions of dollars, certainly an H-1B worker with mediocre English skills could do their jobs, and better.

Typical example of internship. A think tank in DC posted one (one of possibly 1,000,000/year I read that probably count towards "employment") that requires full-time hours from someone who already has a PhD (and the PhD debt) in hand, acting as a main researcher on projects the think tank is running, living in DC (one of the most expensive cities in the US), with no pay. How exactly does one do work the think tank gets credit/publicity for, work full-time hours, not get paid, and still pay for rent + food? You have to be rich and have the right family connections, have some savings and expect to burn through them to work for free, or be poor and expect to be homeless very soon to work for free. All in the Nation's capital with no promise of employment from anyone after!
Of course this is one of many, from media to local/state/fed. agencies to international businesses and law firms. Imagine, working for free, trying to survive, debt impossible to pay off, and the head of the organization or the dept. is making phone calls while getting paid $100,000 - $1 million while asking for more money for his bank account or making phone calls soliciting millions of dollars so that the organization can spend it elsewhere (e.g., NGOs and philanthropies) while purposely ignoring the unpaid interns. And complete silence from the govt. on this issue because it engages in the same madness and loves free labor.
Again, if millions of people work for free, there is no incentive to pay them. Just look at what happened with London security fiasco where they forced the unemployed to work for free, forced them to sleep outside in the rain, etc. all by a private contractor that the UK govt. hired. How's that for exploitation? Security risk?

The American Express lady summed up in one quiet sentence why globalization is evil.

"Those guys were telling me that they can support a family, hire a nanny, hire a driver, on the $10,000 that AmEx is paying them."

American workers used to be able to hire nannies and support a family.

But because OUR money is leaking into India instead of CIRCULATING in our country, our workers can't afford anything.

We wouldn't run a water system with half the water escaping into the ground; why do we run an entire economy that way?