Had no idea about FATCA. Absolutely insane government overstep. To impose such a costly burden on financial institutions worldwide, to make Americans a liabilit

Had no idea about FATCA. Absolutely insane government overstep. To impose such a costly burden on financial institutions worldwide, to make Americans a liability to those host countries, and all for such little gain ... it boggles the mind. And the fact that it's been in place for 6 years - the Obama administration must have started planning it almost as soon as they came to power, and they've had so much time to see the inefficiency of it and the negative effects, and still they haven't made a move to reverse it. Totally nuts.