With a United States jobs crisis, TARP bail out recipients Citigroup and JP Morgan Chase are offshore outsourcing $5 billion in I.T. and back office work to India.

The Banks excuse this time? Regulations. Absolutely ridiculous, it's about labor arbitrage and putting U.S. workers last, even though the United States is down a good 12 million jobs since the start of the Great Recession.

Check out this quote about how India offshore outsourcers were involved with through their own making bankrupt Lehman Brothers:

We went down with Lehman. We are now set to rise with the banks that have survived the downturn, government pressures and interventions, and are now independent enough to make decisions and chase profitability,” the CEO of one of the Indian tech firms said.

India body shops were involved with Lehman Brothers, whose collapse started a massive snowball of the financial crisis. Now they want to get more involved with U.S. banking. Isn't that just swell?

The American taxpayer saves the banks so they can offshore outsource their jobs.