The Long Arm of Tax Cheat Geitner and Obama

Tax Cheat Geitner, Sec of Treasury, who runs the IRS as part of his job, after not paying his own taxes, is going after US expatriates for tax revenue. Swiss banks are closing American's accounts and not offering banking services to Americans living abroad. The Swiss banking industry is famous for having undisclosed accounts.

These banks have to register with the US's SEC; the paperwork and hassles, and governmental intrusion isn't worth it, so Swiss banks are saying the hell with it. James Nason, spokesman for the Basel-based Swiss Bankers Association. “The reporting obligations certainly aren’t going to go down as the IRS is considering extending the QI, exporting its tax laws and trying to turn Swiss banks into agents of the IRS.”

How is it possible that Tax Cheat Geitner and Obama can go to another country and order their banks to give up information and comply with American laws. Can they do that? Can the Chinese or Russians come in and order US banks to comply with their banking laws? WTF???

If Americans living overseas don't comply, they can be rounded up, arrested, jailed and fined.