SallyB

http://primapanama.blogs.com/_panama_residential_devel/2010/03/disturbing-new-us-law-aims-to-end-individual-foreign-bank-accounts.html This law is outrageous. What happened to our privacy laws? Received this in a DD emal. Is currently on his website under "News."

Here's a link to the original article. Thoughts anyone? http://primapanama.blogs.com/_panama_residential_devel/2010/03/disturbing-new-us-law-aims-to-end-individual-foreign-bank-accounts.html

Could this be what the poster is referring to? Received this in an email from another site. Article is currently on his website as News. I find this law totally outrageous. March 27, 2010 LINK TO ORIGINAL POST Disturbing new U.S. law aims to end individual foreign bank accounts Thanks to my good friend Paul McBride for bringing this latest attack against freedom to my attention. I had posted some time earlier this year about this potential legislation, but was not aware it is now the law of the land. Here is his email from Paul and a copy of the new law in PDF at the end. The law is aimed at foreign bank account holders and those sending money outside the U.S.. This could affect peoples ability to buy homes outside the country. It will certainly affect their ability to have an account offshore. What banks wants to deal with this? In answer to his question on what I think about this? It sucks! Sam, in all the controversy surrounding the recently passed health care bill in the U.S., another piece of legislation was pushed through Congress (and signed by the President) that will have a far reaching impact on anyone thinking about buying real estate or investing overseas. The name of the bill is the Hiring Incentives to Restore Employment Act (H.R. 2487) commonly known as the HIRE Act. This is the jobs incentive bill that was signed by the President on March 18th amid little fanfare. Relatively small by Washington standards (