Banks and other corporations are not jobs programs or welfare programs for their local communities. The fact that they create local jobs is nice side benefit, but that's not why they exist. They exist for the benefit of their shareholders and their customers, not their employees.

The fact that banks take taxpayer bailout money should not change this -- demanding that a bank prefer local employees over less expensive foreign employees will make it less efficient and therefore less competitive at a time when it is already weak, which is counter to the bailout's central purpose of saving the bank.