AMERICAN IDIOTS
A woman I know, who is a member of the AWC here, despite having moved up north in Sweden several years ago, emailed me yesterday to tell me about something that had just happened to her asking if anyone else in the club was having the same issue. One of her banks, where she and her (also American) husband have their savings accounts, had written to them telling them that since they were American citizens, the bank was closing their account. Sweden recently signed the FATCA agreement with the U.S. As of July 1st, 2014, Swedish banks are obligated to...